Shipping might still be in recession but organizers of the world's most famous shipping show, Posidonia, said that the event, scheduled to kick off this weekend, will be a record one in terms of size.
Theo Vokos, executive director of Posidonia Exhibitions, reveals, "Despite the currently challenging market conditions, Posidonia 2016 will be bigger than the previous edition, underlining the importance of Greek shipping for both Greece and the international maritime industry."
The 2016 edition is the biggest exhibition ever in terms of floor space, as it has grown by some 15%. With floor space demand at unprecedented levels, more than 1,800 exhibitors from 89 countries will welcome almost 20,000 visitors in Athens.
This growth of Posidonia, Vokos says, is the result of the resilience of the Greek shipping industry, which has managed to cope with the difficult conditions prevailing in the shipping market, but has also capitalized on its entrepreneurial spirit by investing into upgrading and reinventing its product, thereby solidifying its leadership position.
Among the big growth areas for the show is the volume of conferences scheduled, with more than 40 taking place next week, which Vokos maintains will "transform Posidonia into the shipping hub of the world for one week".
No other shipping show has the power to move markets – as evidenced this week with brokers heavily active ahead of a lull in business likely next week as brokers and owners rub shoulders at parties in and around Athens.