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If you’re dreaming of sailing to Greece’s picturesque islands, it’s time to budget a little extra. Ferry ticket prices are climbing by 15%, driven by new European Union rules aimed at cutting emissions in the Mediterranean. The price hikes apply to both passengers and vehicles, adding a financial pinch for locals and tourists alike.
These increases are tied to environmental regulations like the Emission Trading System (ETS) and Sulfur Emissions Control Areas (SECA), which require ferry operators to reduce carbon and sulfur emissions. While the goal is greener seas, it comes at a cost—shipping companies now have to invest in pricey low-sulfur fuels, biofuels, and eco-friendly technologies.
Operators say they can’t shoulder these added expenses on their own, and the costs are already trickling down. Minoan Lines, for instance, recently announced fare hikes on its Piraeus-Crete route. Cabin prices are jumping from €96 to €110.40, and even an economy-class ticket will set you back €42.50, up from €37. Freight charges are rising too, which could affect the cost of goods transported to the islands.
And this is just the beginning. While the rules currently apply to routes serving Crete and the Adriatic, the entire Aegean ferry network will follow suit by 2029. Experts estimate these measures will add €320 million in operating costs by 2031.
Unfortunately, it’s not just ferry fares that could take a hit. A study predicts that rising prices will lead to fewer trips, with passenger traffic dropping by over 10% by 2031. That could mean fewer tourists visiting the islands, a loss of 16,000 jobs, and over €650 million wiped from Greece’s economy.
The government is taking steps to address the challenges. Shipping and Island Policy Minister Christos Stylianides recently announced €265 million in funding to build greener ships, a move he says is essential for modernizing the country’s aging ferry fleet. But with total costs estimated at €3 billion, experts warn it’s going to be an uphill battle.
For now, travelers should prepare for higher ticket prices and possibly fewer ferry options. Whether you’re a local island-hopper or a tourist eager to explore Santorini, Mykonos, or Crete, it’s clear that Greece’s maritime links are heading into choppy waters.
*With information from ekathimerini.com
