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.

Availability of low sulphur fuel was a major concern for many attending the Greener Shipping Summit 2017 - refiners are confident they will be able to meet the demand, but the changeover cannot occur overnight delegates were told.

Meeting new emissions regulations was a major focus at the Greener Shipping Summit 2017 in Athens last week.

The United Nations Conference on Trade and Development (Unctad) has confirmed Greek shipowners remain the dominant force in the global industry, topping operators overall based on fleet capacity, while heading the wet and dry categories, and rising to third among containership fleets.

Renewal of the Greek fleet continues at pace as cash rich owners continue to build ships and buy ships.

The leap in assets at Credit Suisse’s private bank to a record high has been aided by the bank’s new strategy of lending money to the world’s ultra-wealthy. Switzerland’s second-biggest bank is trying to lure more rich customers by helping them fund their businesses and lifestyles, with shipping, aviation and real estate loans a central focus.

The Greek government has moved to have the country’s largest shipyard Hellenic Shipyards declared bankrupt. The insolvency proceedings were filed under the country's revised bankruptcy code, which foresees the rapid sale of assets and the withdrawal of old shares.

Dry bulk ship operators are calling for the wider vetting of the shipping industry with the focus on stakeholders, including charterers, port terminal operators and port state control.

Under the weight of coping with a tsunami of regulations, more dry cargo ship owners are turning to Intercargo in record numbers for support.

Executives from Chinese group China Cosco Shipping have been briefed by the Greek government as it pledges to sort out the future of the country’s floundering shipbuilding and shiprepair industry.

Following a relatively small oil spill off Athens 10 September, that authorities have been accused of handling poorly, Greece’s Prime Minister Alexis Tsipras and Shipping and Island Policy minister, Panagiotis Kouroumplis, have pledged a shake-up of the Hellenic Coast Guard, the way ship’s seaworthiness certificates are issued, and a review age limits.

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