Greek shipping is a firm value in periods of economic instability

Greek shipping has always proven its constant value in periods of economic instability and recession due to its intuition and perfect knowledge of the market. On the occasion of the recent Greek Shipfinance Conference 2012, shipping analysts and prominent Greek shipowners gave their perspective for the latest developments.

According to Mr. Ted Petropoulos, Basel III will affect the position of the small owners but on the other hand there will always be an opening to exploit opportunities for the medium size shipowners.
Dimitris Vassilacos, Citibank’s head of shipping told that  banks are targeting at the larger players in shipping and the smaller shipowners will suffer to find finance.

Full article, ELNAVI magazine, June 2012, Issue 462, Page. 14

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