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Greek Shipping News

21 July, 2014

ALL-TIME HIGH LEVEL OF ACTIVITY SEES PIRAEUS MOVING TO 4M TEU
Containers moving through Cosco Pacific's Piraeus terminals II and III reached an all-time high in the first half of the year, recording an impressive 26.7% increase compared with the same period of 2013.

GREECE AND CHINA TO FURTHER TIGHTEN 'STRATEGIC PARTNERSHIP
Greece and China pledge to strengthen their "strategic partnership" on the economic and possibly military levels during a meeting between Greek PM Samaras and Chinese President Xi.

CONSOLIDATION YES, BUT OWNERS STILL COME IN ALL SIZES
There has been serial discussion regarding consolidation in shipping and a look at the numbers by Clarkson points to this but of 23,000 shipping companies the 'average' owner has less than four ships.

DRYSHIPS SECURES $520M IN CREDIT COMMITMENTS
Nasdaq-listed DryShips has secured commitments for some $520m in credit after striking two deals within two days to help it meet bond repayment obligations and finance nine drybulk vessels.

ONLINE MUSEUM HIGHLIGHTS THE GREEK SHIPPING MIRACLE
Twenty-five years ago shipowner George Foustanos, convinced the achievements of Greek shipping were neither recognised by shipping compatriots or by Greeks, took a decision which changed his life.


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