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Monday, September 30, 2013

China Magnet for Greek Shipping Magnates

According to the Wall Street Journal, Greek shipowners, are more and more moving their financing and ship orders to China, given the cheap credit and lower shipyard costs there. As stated in the article, Greek shippers operate 16% of the world’s fleet of dry-bulk and container vessels, and about a quarter of all oil tankers. […]

READ THE ORIGINAL POST AT greece.greekreporter.com