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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
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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.

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Al Jazeera
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