China to Boost Ship Financing Fund for Greek

[Lankan Ranger]

China to Boost Ship Financing Fund for Greek

China is willing to strengthen a fund designed to help provide lending to Greek ship owners who wish to order new vessels from Chinese yards, Greece’s Maritime Affairs Minister Yiannis Diamantidis said.

China has expressed willingness to increase the size of the fund to between $8 billion and $10 billion, the Minister said during a visit to China, according to a statement on the website of the Piraeus-based Maritime Affairs Ministry.

China also acknowledges Greece’s request for a corresponding increase in the hiring of Greek-owned ships by Chinese shipping companies, which will create a “win-win” situation for Greek ship owners, according to the statement.

A $5 billion shipping fund will be set up to strengthen relations between the countries’ maritime industries and facilitate the sale of Chinese-built ships to Greeks, Chinese Premier Wen Jiabao said in October during a visit to Athens.

China Willing to Boost Ship Financing Fund for Greek Shippers - Bloomberg

 

[rcrmj]

here comes the business!

 

[CardSharp]

A thank you for letting us use Greek ships during the crisis?

 

[us1956]

that is the most effective China way to say "THANK YOU"

 

[ashok321]

Chinese are clever, they will rule the world...doing everything right at right time...even chinese proverbs are very sharp to know about thier cleverness.

 

[no_name]

A clever move. This is a good way to say thank you without being political. We repay their help immediately without arousing suspicions for countries like Turkey.

 

[Veritas]

Good, to know when the whole world is asking Greeks to pay their damn money back. China is investing in them, hey I have beach front property in Las Vegas, are you interested China?

 

[pluto]

so quick response... "win-win" is good