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Greece buys 142 ships from China
May 19, 2013, 1:35 pm

greece ships

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Greece has announced inking a deal with China to buy 142 new ships to power its shipping sector.

The Greek prime minister Antonis Samaras recently concluded a four-day state visit to Beijing, trying to woo Chinese investment to the recession-ridden country.

Greek shipping minister Kostis Moussouroulis said in Beijing that the orders accounted for more than 60 per cent of the recent global orders of Greek shipowners.

The shipping industry, including shipbuilding, is one of the most important sectors for economic and trade cooperation between the two countries.

In the next decade, China will remain an important global exporter and become an increasingly important importer, according to the minister.

The new orders are the investment of Greek shipowners for the future, said Moussouroulis.

Wang Qi, general manager of Shanghai Waigaoqiao Shipbuilding Co.,Ltd, said Greece has become an important client of China’s shipbuilding enterprises.

As one of China’s major shipbuilding companies, Shanghai Waigaoqiao Shipbuilding Co.,Ltd has built a total of 67 ships for Greek shipowners in recent years, accounting for about 30 percent of the company’s output, Wang said.

Source: Agencies