Pacific Tycoon
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After global rating agency Fitch upgraded Greece's sovereign credit rating from CCC to B in early May 2013, Greece's Prime Minister has tried to convince Chinese officials and the rest of the world; that the economic crisis plaguing Greece will end soon. At the close of his recent five day visit to Beijing, the Greek [...]
Greece has secured the first of the privatization deals required under its international bailout, with the sale of its 33 percent stake in betting firm OPAP to a Greek-Czech investment fund. Emma Delta is controlled by Czech investor Jiri Smejc, who specializes in emerging markets, and George Melisanidis, the son of well-known Greek shipping tycoon [...]
In mid April 2013, six Chinese local governments and California (the biggest state economy in the United States) state officials, signed an agreement to increase trade and investment links. Already off to a good start, California’s exports to China were worth $14 billion in 2012, a 300 percent growth from 2000 and the highest of [...]
Saudi Arabia is the largest consumer market and the fastest growing across the Gulf Cooperation Council (GCC). This prosperity coupled with the highest consumer confidence in many years, means that the Saudi market will be the largest, within a very short period of time. Already at the moment, in terms of the containerized cargo flow, Saudi [...]
The Indonesian shipping industry is expected to experience substantial growth this year. Some analyst believe that the industry could see an increase of 20 percent in 2013, amid the strong domestic and global demand. With the United States, Europe and China looking at economic recoveries of differing intensities, the international environment has become more favorable [...]
Despite the European Union’s recent decision on Cyprus, and the speculative information which is currently circulating around the globe, the Cyprus Ministry of Communications and Works insists that the immediate situation has no direct or indirect effect on Cyprus’ shipping industry. In fact in a recent announcement, officials reported that the Department and the Registrar [...]
International analysts agree that the UAE is on a fast track to dominate global maritime trade, as the country continues to make sizable investments in new port infrastructure. As a result of these ongoing port investments, the region is now considered the world’s third largest re-export marketplace. With its nine working seaports and strategic geographical [...]
Exports from Denmark to Indonesia have been traditionally lower than similar European countries like Sweden and Germany. With that in mind, the Danish Trade and Investment Minister recently lead a business delegation to Indonesia, with the primary purpose to explore business opportunities and tighten commercial links. “There is a match between some of the challenges [...]
Medcenter Container Terminal, the transshipment hub in Gioia Tauro, reported a traffic increase of 18 percent to 2.72M TEU, while Voltri Terminal Europa in Genoa, handled 1.24M TEU; for an increase of 9 percent. The third biggest operator, La Spezia Container Terminal, experienced a 9 percent increase to 990,000 TEU. During 2012, port operator investments [...]
The latest UIC report, shows that overall combined transport in Europe increased by almost 29 percent between 2005 and 2011, and demonstrates that region has recovered well; from the 2008-2009 economic downturn. The 2012 Report on Combined Transport in Europe, was commissioned by the UIC from KombiConsult. Previous editions published in 2006, 2008 and 2010 [...]