Greek Maritime Shipping sets new record Profits this year!

[Angelo]

Greek Maritime Shipping sets new record Profits this year!


August 25, 2008


Hellenic shipping H1 income reached EUR 9.4 billion
Hellas’ ocean going shipping industry continues to evolve into one of the main sources of income for the country’s economy, as proven once more by the latest preliminary figures, published by the Bank of Greece.

According to them, records keep on being broken, with income from shipping activities pouring into the economy reaching a total of EUR 9.4 billion for the period between January and June 2008. This figure represents an increase of 22.3% YoY, when a total of EUR 7.69 billion were injected in the form of shipping revenues. This increase highlights the dynamics of the country’s shipping industry, which remains on top of the world, as well as the positive conditions prevailing in the freight market, especially after the first quarter of the year, which was characterized by a market correction.

Only in June 2008, approximately EUR 1.74 billion were the result of shipping activities, when during the relevant month of last year, the outcome had not surpassed ERU 1.37 billion. This year on year increase stands at 27.03%.

These statistics are a true testament of the rapid growth of Hellas’ maritime industry, while at the same time fully justifies the prediction made earlier this year by Mr Nikos Efthimiou president of Union of Greek Shipowners, who had said that the annual revenues from shipping are expected to top last year’s record and surpass the EUR 17 billion mark.

[phoenix]

That's good news and not bad for a little country that's been occupied up to not that long ago by our neighbours..

Its seems that our beacon is beginning to beam again!!

[Angelo]

Originally Posted by phoenix
To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.

That's good news and not bad for a little country that's been occupied up to not that long ago by our neighbours..

Its seems that our beacon is beginning to beam again!!

Its good news but not good enough,we need to triple the profits.All greek vessels under foreign flags must fly the greek one.

Greece must monopilize the shipping indusrty

[Napalm]

There might be a dip in sales next time round though since Americans have less money to buy cheap chinese goods. Chinese factories slowed recently.
But overall its good that Hellas is kicking butt in this major industry.