ATHENS – While stating they support their country with voluntary taxes, the largely-untaxed Greek shipping industry uses Greek ports only 9 percent of its activity and while using flags of convenience of other countries.
That makes its influence on the economy during a seven-year-long crushing economic crisis minimal, an industry study reported by Kathimerini has found.
Greek shipping companies control the world’s biggest fleet of tankers and cargo ships, totaling 171.3 million tons of the sector’s overall 210 million ton capacity, representing 81.5 percent of the Greek-owned fleet which conducts 91 percent of its business outside Greece.. China is the biggest market for Greek shipping interests concerning these sub-sectors, with a share of 14 percent, followed by the USA, with a 12 percent share.
The findings were in an industry analysis conducted by Clarksons Platou, the world’s biggest provider of integrated shipping services, which recorded the movements of tankers and cargo ships for its results, revealing that ships go wherever their need services and that’s not Greece.
Like Greek-owned ships, the fleets of other major European shipowning countries, such as Denmark, Norway and Italy, mainly provide services for key Asian markets, including China, South Korea and Japan.
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RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons Copyright: Nikolaos Diakidis License: CC-BY-SA
Source: thenationalherald.com
