Shipping in a World of Upheaval: Evangelos Marinakis and Angeliki Frangou Map out the New World of Global Trade

Global shipping is confronting a new and far less predictable world — more fragmented, more geopolitically charged, weighed down by energy insecurity, trade barriers, higher costs and new technological demands. In that environment, the industry’s task is no longer simply to withstand the turbulence, but to adapt to it, manage the risks, protect ships and crews, and at the same time ensure that global trade and energy keep flowing.

That was the central message delivered by Evangelos Marinakis, founder and chairman of Capital Maritime & Trading Corp., and Angeliki Frangou, chairwoman and chief executive of Navios Maritime Partners, as they shared a stage at The Economist’s 30th Annual Government Roundtable in Lagonissi, in a session on trade and geopolitics chaired by the publication’s Daniel Franklin. The two Greek owners portrayed a shipping industry that now functions under conditions of continuous crisis — but also one that is acquiring even greater strategic value for governments, economies and companies alike.