Europe’s shipping strength under pressure amid rising Asian competition

European shipping has solidified its role as a key geopolitical asset for the European Union (EU), commanding a significant portion of the global fleet.

This sector’s prominence comes despite the EU’s accounting for only 15% of the global GDP, with recent studies indicating that European shipping controls 35% of the world’s fleet. The findings were released in the lead-up to the European Shipping Summit, with detailed market analyses from Deloitte and CE Delft.