Europe must show the same awareness as the US, Canada and other Western countries of the need to maintain sufficient transport capability to meet its cargo trading needs.

Speaking at the European Maritime Law Organization 2017 annual conference in Hamburg, Lavinia Corp chief executive Panos Laskaridis said: “The last thing we want to see is the goods of Europe, or the goods of the Western world, for import or export, one day carried by ships which are built, designed, constructed, manned, controlled and operated by our main trading competitors.