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a level playing field to offset the cost of fuel and and work closely with customers on decarboni-
technology, which will be higher. Therefore, the sation. Everything we have discussed so far is
challenge is how to create a level playing field relevant to our Greek customers. We can create
so that it makes sense for shipowners to invest in value for our Greek customers by entering into
new technologies. The EU is moving ahead with its agreements with them regarding improving
plans, and, as stated in the “Fit for 55” package, their fuel consumption and system reliability. Of
the shipping sector will be brought into the carbon course, the Greek market is part of our strat-
tax regime. Looking at it in terms of sustainabil- egy. Wärtsilä has a strong local representation.
ity and meeting the goals of the Paris Agreement, We add value to the local market through the
the IMO goals are too conservative and slow. We technology solutions we provide, supporting the
need to accelerate, which makes the challenge all Greek customers to maintain their competitive-
the greater as fuel availability is limited, and the ness in a dynamic global environment. Moreover,
shipping industry is a big consumer. So if you want we safeguard our customers’ operations in terms
to accelerate the shift, you must make the fuels of needed services availability and cost.
available. And we have the same challenges on the
energy side. If you are looking to decarbonise the è Will the development projects of
energy system or produce green fuels, you need to domestic shipyards, such as Elefsis,
accelerate the adoption of renewables. That will Skaramagas, etc., enhance your port-
take time and requires an appropriate regulatory folio?
framework. In Europe, the biggest challenge right Absolutely. We keep a close eye on the efforts
now regarding renewables is permitting. Everyone to revive the domestic shipyards. Wärtsilä solu-
needs green power but “not in their backyard.” It is tions are branded and used by local shipyards
not a technical issue but a political one. My predic- to attract customers and provide high-end ser-
tion is that the world will become more complex. vices incorporating our solutions. There is also
That is something we have to deal with. And what the option of Wärtsilä providing a standard
you need when faced with increased uncertainty is package of solutions directly to the shipyards’
flexibility and trusted partners. customers. Hopefully, Greek shipyards will be
energised pretty soon. Overall, we believe this
ç What are your strategic goals for the development will strengthen our position in the
Greek market? Greek market, and we are ready to support the
We have a strong presence in Greece and Cyprus shipyards’ ambitious plans.

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