In an interview with Forbes Magazine for Maritime Today: Trends and Challenges in the Sector, Vassilis Psyrras discusses how global economic shifts are reshaping the maritime industry, driven by factors such as geopolitical tensions, a pivot toward regional trade, and increasing decarbonization pressures. He highlights the importance of digitalization, green technology, and smarter shipping practices, with AI, blockchain, and alternative fuels leading the way in innovation. Psyrras advises shipping companies to stay competitive by investing in sustainability, embracing automation, and improving risk management. He also notes Cyprus’s strategic position as a maritime hub, which enables companies to navigate changing trade flows and regulatory challenges. In light of environmental regulations and geopolitical risks, Psyrras also emphasizes the need for proactive strategies and legal compliance, offering guidance on risk management, green financing, and digital adaptation to ensure resilience and competitiveness in the evolving maritime sector
