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15
Jan 2026
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Simeon Palios: Nuclear Energy in Shipping – from uranium to thorium – a realistic perspective

Simeon Palios' placement in the Propeller Club and new micro-reactor technologies bring to the fore an innovative energy proposal for the cargo ships of the future

Shipping: Average salary three times higher than in the private sector

Greek shipping is the country’s top employer, offering tens of thousands of jobs and exceptionally high wages – with an annual turnover of over $40 billion, $14 billion of which flows back into the Greek economy

Greek shipping: Generates over $40 billion in Annual revenue, $14 Billion of which returns to the Greek economy

At the same time, the sector provides 150,000 jobs, both directly and indirectly, at sea and on land – McKinsey & Company study commissioned by the Union of Greek Shipowners

Kikilias: With more than 5,800 ships, Greek-owned shipping consolidates its global leadership

Its power is no longer just numerical or economic - it is geopolitical and the shipyards are becoming strategic technological centres.

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