Page 120 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΣΕΠΤΕΜΒΡΙΟΣ 2022

INTERNATIONAL WATERS

Fuel Greece predicts that in 2022 Greek tourism
Recent data on the coastal shipping industry performance will improve more, aiming for 2019
is extremely worrying, as it shows that after the levels. However, the current health crisis, com-
32.4% increase in the average price of marine bined with the increased uncertainty caused by
fuel in 2021 compared to 2020 prices, the fuel the Russian invasion of Ukraine, rising energy
price increased further by an average of 28% in costs in recent months, and reduced household
February this year compared to December 2021. purchasing power, act as barriers to the tourism
This trend was maintained through the first weeks industry’s recovery.
of March.
The price of VLSFO is still hovering above €1,000 A coastal market snapshot
per tonne when in the same period in 2021, it was This summer, 100 coastal ships served daily 115
around €400. Greek islands connecting them with the mainland
Before the pandemic and the Ukrainian war, fuel or providing inter-island connections.
costs comprised about 30-35% of ships’ operat-
ing costs. With fuel price increases in the fourth Demand Analysis
quarter of 2021 and the first half of 2022 more The development of Greek islands relies exclu-
than double compared to the to the same period sively on coastal shipping. Of the above 115 islands,
in the previous period, fuel costs have soared to only 25 have an airport; therefore, transport in the
60-70% of ships’ operating costs. remaining 90 is carried out only by sea. Overall,
85% of the freight and all the supply needs of
Tourist traffic these 115 islands are covered by coastal vessels.
In 2021, inbound tourist traffic doubled com- The statistics published by the Hellenic Statis-
pared to 2020, the year with the lowest number tical Authority (ELSTAT) confirm the increase in
of tourists in the last decade (7.4 million). Even passenger and vehicle traffic in 2021 compared
though 14.7 million tourists visited our country in to 2020. In 2021, passengers increased by 44%,
2021, this number is far from the high of 31 million while total vehicles (cars and trucks) went up by
tourists in 2019. 37%. It is noted that ELSTAT has not published
In its recently published report, the Bank of separate data for cars and trucks.

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