Saturday, March 25, 2023
HomeHeadlinesBright future seen ahead for Sino-Greek shipping cooperation


To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

Bright future seen ahead for Sino-Greek shipping cooperation

A bright future lies ahead for Sino-Greek cooperation in shipping, Chinese and Greek speakers told an event at Greece’s Piraeus port on Tuesday.

“Cooperation between China and Greece came initially from the sea, and its future lies in the sea,” said the president of the Association of Banking and Financial Executives of Hellenic Shipping at the event.

George Xiradakis said that Sino-Greek ties in maritime affairs are “strong and long-lasting,” and have benefited the whole world.

Almost 50 percent of energy resources, and 20 percent of other products and goods imported in China are transported by Greek-owned ships. Many Greek shipowners also build their ships in China, Xiradakis told the event.

Chinese Ambassador to Greece Xiao Junzheng said in his speech that in 2022, China’s shipbuilding completions, new orders and pending orders accounted for 47.3 percent, 55.2 percent, and 49 percent respectively of the global total in terms of deadweight tons. The potential of Sino-Greek shipping cooperation should be tapped even further, he added.

Speakers at the event agreed that China’s COSCO Shipping’s investment has transformed Piraeus port since 2008.

Piraeus today is an integrated international maritime center, and a vital driving force in global supply chains, Xiradakis stressed.

COSCO’s investment has boosted Piraeus to the 5th port in Europe, and 9th internationally in the Xinhua-Baltic Shipping Centers Index (ISCD), said Piraeus’ Vassilis Korkidis.

The president of the company’s Chamber of Commerce and Industry, which co-organized the event, said: “We haven’t forgotten that when we were between the three austerity measures of the EU memoranda, under capital controls with an uncertain future (during the Greek debt crisis in the period 2009-2018), China trusted Greece (…), respected our history and friendship and invested in our country.”

Both Chinese and Greek investors are committed to continuing the sustainable development of the port as a global shipping center, Korkidis added.

Chinese investment in Piraeus has so far created 3,000 direct jobs, and 10,000 indirect jobs. It has also contributed over one billion euros (1.06 billion U.S. dollars) to the local economy, Xiao told the event.

“China and Greece are important partners in the joint construction of the Belt and Road Initiative. The two ancient civilizations are learning from each other (…) and there has historically been goodwill between the two countries,” the ambassador said.

Source: Xinhua

Related Posts


Finance & Economy
Shipping News

Eva Birgitte Bisgaard steps down as chief commercial officer at Maersk Tankers

Eva Birgitte Bisgaard is stepping down from her role as chief commercial officer at Maersk Tankers. Christian M. Ingerslev, chief executive officer of Maersk Tankers,...

Frontline’s Fredriksen appointed to Euronav supervisory board

Belgium’s Euronav said its shareholders had overwhelmingly voted to elect John Fredriksen of peer Frontline, a major investor that pulled out of a merger...

UBS Likely to Shrink Credit Suisse’s $10 Billion Shipping Portfolio – Report

UBS Group AG will likely shrink Credit Suisse Group’s $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday,...

Braemar: Record revenue & profitability

Braemar Plc., a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, announced an update on trading...

Oldendorff Carriers announces change of leadership

Effective today, the board of OLDENDORFF CARRIERS has appointed Patrick Hutchins as the new President and CEO of the company. Patrick succeeds Peter Twiss, who...

Global Goods Trade Softening from 2022’s Record Level

International commerce soared to a record of $32 trillion in 2022, but goods trade...

New Hybrid Ferry ‘P&O Pioneer’ Docks At DP World Limassol For Bunkering

P&O Ferries’ newly commissioned Fusion Class vessel ‘P&O Pioneer’ has docked at DP World...

Baltic index gains as capesize rates rebound

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Minerva puts cost of fuel theft as high as $5.2 bil/year

The bunkering industry is losing as much $5.2 billion of fuel annually to quantity...

Baltic index logs worst day in five weeks on tepid demand for larger vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Drewry: Port Throughput Index Down 4.5% Year-on-Year

The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of...

Port of Los Angeles moves 487,846 container units in February

The Port of Los Angeles processed 487,846 Twenty-Foot Equivalent Units (TEUs) in February, a 43% decrease from the previous February’s all-time record. “February declines were...

Piraeus Port Authority: Strong growth in 2022

PPA S.A. announced Full Year 2022 financial results, marking a consecutive year of growth with a turnover of €194.6 million compared to €154.2 million...

WLP welcomes 14 strategic Vietnamese partners to its growing network of international traders

World Logistics Passport (WLP), a Dubai-led global initiative designed to smooth the flow of world trade, has welcomed 14 Vietnamese partners to its global...

Port of Hedland February Iron Ore Exports 2% Down

Pilbara Ports Authority has delivered a total monthly throughput of 54.8 million tonnes (Mt) for February 2023. This throughput was a five per cent increase...