[QODLink]
Europe

Greece anchors economic rebound on shipping

About 3,500 oceangoing vessels generate business worth $18bn a year, representing six percent of Greek economy.

Last updated: 24 Dec 2013 18:31
Email Article
Print Article
Share article
Send Feedback

Greece's economy has been hit hard by the financial crisis but its shipping industry remains competitive.

Greeks today operate the biggest merchant fleet in the world – at least 3,500 oceangoing vessels, generating business worth $18bn a year at home – more than six percent of the Greek economy.

The government hopes the country’s flagship business can help turn the economy around - but ship owners are not so sure.

Al Jazeera's John Psaropoulos reports from Athens.

76

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Featured
Lacking cohesive local ground forces to attack in tandem, coalition air strikes will have limited effect, experts say.
Hindu right-wing groups run campaign against what they say is Muslim conspiracy to convert Hindu girls into Islam.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
Muslim caretakers maintain three synagogues in eastern Indian city, which was once home to a thriving Jewish community.
Amid fresh ISIL gains, officials in Anbar province have urged the Iraqi government to request foreign ground troops.