China will double to $10 billion the amount of a fund offering cheap loans to Greek ship-owners. China proposed the deal to help Greek ship-owners buy Chinese-made vessels. Greeks control a big part of the world’s commercial fleet and many of their vessels are built in shipyards in the Far East. “It is extremely positive that we have doubled this amount to about 10 billion dollars,” Greece’s Maritime Affairs Minister said. “China has pledged that the financing terms for Greek companies will be better than those offered by any other bank in the world,” Mr. Diamantidis added. He aslo mentioned that the Chinese shipping conglomerate Cosco has pledged to charter Greek-owned ships built in China.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
