The European shipowners' association ECSA also expressed appreciation for the maritime transport content of the "Compass for Competitiveness", the plan for boosting the economy, productivity and competitiveness published yesterday by the European Commission. ECSA noted whereas the plan 'makes explicit reference to the essential role of the maritime transport for the European economy, building on the recommendations of the Draghi report on the need for Keeping European maritime transport competitive at the international. Furthermore - the association pointed out - it requires Additional measures to reduce the risks of the necessary investments to rapidly increase the production of renewable fuels, and for maritime transport under the of a new Sustainable Transport Investment Plan".

In addition, the shipowners' association expressed its support for "the simplification and the Commission's commitment to reduce the administrative burden by at least 25% for all companies and at least 35% for SMEs, which are the backbone of the European shipping industry".

"The Compass for competitiveness - commented the Secretary General of ECSA, Sotiris Raptis - points out that the Europe's security depends more than ever on our ability to innovate, compete and grow. Also, track a path towards a competitive sector by bridging the gap between innovation and investing in clean technologies and fuels. The shipping industry is an essential part of the energy transition of our economy. We welcome Today's explicit recognition of shipping as an industry key to Europe's growth and the commitment to increase the production of clean fuels for maritime transport as part of the upcoming Transport Investment Plan sustainable ones".