Greece has always been a major player in the global shipping industry due to its favorable geographic location on the Mediterranean which provides it with access to trade partners such as Italy and Cyprus. However, six years of economic recession that the country has been going through has no doubt impacted its shipping sector, as witnessed by a slowdown in overall activity. As the economy recovers slowly, the Greek government has announced plans for the privatization of its shipping ports along with an expansion plan.
The announcement of these privatization and expansion plans have drawn the attention of investors, particularly China and Russia have expressed interest to invest in the expansion of Greek ports. While Greek ports are already ports of call for major shipping lines like COSCO, Maersk Line, K-Line, amongst others, Greek ports are not diversifying to build and expand their roles to become transshipment and transit hubs.
TaiyouReports.com presents an analysis of the Shipping Industry in Greece. The report covers the following:
- A brief analysis of the global shipping industry including global container supply and demand scenario, container freight rates, an overview of the crude tanker market, product tanker market, chemical tanker market, automobile export tanker market, and the dry bulk market.
- An analysis of the shipping industry in Greece through industry overview, analysis of the impact of COSCO Pacific's inclusion in the Greek shipping sector, the Greek government's plans for privatization and expansion of ports, improvement in domestic demand and its impact on the shipping sector, a look at how Greek companies are looking at an expansion of box ship exposure, and the threat of increasing number of strikes in the Greek shipping sector are some of the factors analyzed in the report.. Also included is an industry SWOT analysis.
- Impacts on the shipping industry in Greece are analyzed through industry trends.
- A thorough industry outlook includes an overall industry forecast and a performance forecast of the Port of Piraeus and the Port of Thessaloniki.
- An analysis of the major industry players is included. We include both domestic and global market players. Analysis of the major players is analyzed through SWOT analysis, financial analysis, business segment analysis, company strategy, company outlook along with industry presence.
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