In the latest issue of Forbes magazine, spotlighting Maritime Today: A New Era, Vassilis Psyrras, Advocate/Counsel at Elias Neocleous & Co LLC, shares his insights on the forces reshaping the global shipping industry. He points out that ESG requirements have moved from voluntary principles to binding obligations, while EU regulatory frameworks and digitalisation are fundamentally transforming how maritime businesses operate within an increasingly complex landscape.
He further notes that, as sustainability, technology, and geopolitical developments converge, traditional operating models are being redefined, bringing new legal, commercial, and strategic considerations to the forefront. In this context, he emphasises that the role of legal advisors is evolving into that of a strategic partner, supporting decision-making, risk management, and long-term resilience.
