John Xylas, member of the board of the Union of Greek Shipowners, highlighted the critical position of shipping at the centre of geopolitical and economic transformations during his address at Naftemporiki’s 10th Shipping Conference.He underlined that the global economy is entering a period of profound uncertainty, as geopolitical rivalries, technological developments, and the energy transition are reshaping the international environment.“What we once considered certain no longer is,” he stated.Xylas noted that principles previously regarded as self-evident — such as open markets, predictable trade routes, and stable international cooperation — are now being called into question.“The principle of freedom of navigation can no longer be taken for granted,” he remarked, stressing that shipping today stands “at the centre of global change.” As he explained, when discussing global power, attention is usually directed toward military strength, the economy, or energy. “Behind all of these, however, lies something of decisive importance: the transportation of goods across the oceans,” he noted.“Shipping is the system that enables the global economy to function”The representative of the Union of Greek Shipowners emphasized that nearly all goods used daily by humanity are transported by sea, describing shipping as “the system that allows the global economy to operate.”He warned, however, that this system is now under increasing pressure due to geopolitical competition, fragmentation, and disruptions along maritime routes.“Even a single blockade or conflict can affect supply chains, trigger an energy crisis, and impact the lives of millions of people,” he stated.Xylas also focused on the challenge of decarbonization, noting that shipping is already undergoing a critical transitional period.As he stated, Greek shipping continues to play a leading role in sustainability as well, with Greek shipowners being “at the forefront” of investments in alternative fuels and green technologies.However, he pointed out that the sector is being called upon to make investment decisions worth billions in an environment of uncertainty, without sufficient regulatory clarity and without the necessary infrastructure.“The transition must remain realistic. The regulatory framework must take reality into account,” he concluded.