David Glass

David Glass

Greece Correspondent, Seatrade Maritime

An Australian with over 40 years experience as a journalist and foreign corrrespondent specialising in political and economic issues, David has lived in Greece for over 30 years and was editor of English language publications for Greek daily newspaper Kathimerini in the 1970s before moving into the Akti Miaouli and reporting on Greek and international shipping.

Managing editor of Naftiliaki Greek Shipping Review and Newsfront Greek Shipping Intelligence, David has been Greek editor for Seatrade for over 25 years.

Celebrating 50 years since its inception, Greek Prime minister Alexis Tsipras officially opened Posidonia 2018, last night signalled the start of the global biennial maritime calendar’s most anticipated week which this year will see a record of 2,010 exhibitors from 92 countries welcoming some 22,000 maritime executives from nearly every country of the world.

Although bank ship finance into Greek shipping continued to contract in 2017, the decline is slowing and by the end of this year more banks will become more willing to lend into the Greek market. This is the conclusion of the annual look at Greek ship finance by Petrofin Bank Research.

The number of Greek shipowners controlling fleets of over 1m dwt, or “tonne millionaires” increased to 72 this year, up three from 2017, according to the 31st annual survey of the country’s biggest owners by Naftiliaki.

The Posidonia 2018 conference and seminar programme have a truly international flavour being organised by companies and organisations from around the world from Brazil to France, Norway, Panama to Poland, from Mexico to Korea and Japan and from South Africa to the UK and of course Greece.

Amidst significant challenges both for the shipping industry and for Greece, Posidonia 2018 is set once again to "manifest the resilience, commitment and potential of Greek shipping and Greece”, says Union of Greek Shipowners (UGS) president Theodore Veniamis .

The Shipping Ministers of Greece, Cyprus and Malta have called on the European Union to cut red tape holding back growth in the sector, which they say provides 2.1m jobs and $168bn to Europe’s economy.

After some months of rumblings, the European Union and Italian authorities have opened an investigation into suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Piraeus, a trade gateway between Asia and Europe.

Project Forward ­ an ambitious scheme to build the world¹s first truly deepsea, LNG-powered ships - has signed a letter of intent (LOI) to build up to 20 such dry bulk vessels at Jiangsu Yangzijiang Shipbuilding.

The Union of Greek Shipowners (UGS) has thrown its weight behind the call to secure "the successful outcome" of the forthcoming IMO deliberations aimed at reaching an agreement on IMO's strategy for GHG emissions reduction for shipping.

Greek owners may have the world’s largest shipping fleet but they have rather less to be proud of on the environmental front based on a survey by Transport & Environment (T&E), which has branded the attitude of Europe's leading shipping nations towards fighting climate change as negative.

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