Home' Ships and Shipping : November 2010 Contents NEWS
November 2010 SHIPS AND SHIPPING
China will set up a special US$5.0 billion
fund to help Greek firms buy from
Chinese shipyards, said China's Premier
Wen Jiabao, according to Xinhua.
He added that China will help upgrade
Greece's southeast and largest port Piraeus
to become a distribution centre for
Chinese exports to Europe.
Wen said he believes it is realisable for
trade volume between the two countries
to double and reach the goal of US$8.0
billion in five years, adding that China
will expand imports from Greece.
China encourages its companies to
invest in Greece and also welcomes Greek
companies to explore the Chinese market,
said Wen, who expressed the hope that
the two governments would provide
convenience for their companies in terms
of mutual investment.
The trade volume between the two
countries increased from US$1.7 million
when they forged diplomatic ties 38 years
ago to more than US$40 billion. Despite
the financial crisis, Greek exports to
China grew 14.9 percent last year.
Maritime industry looks to counter pirates
The European Naval Force for Somalia
(EU NAVFOR) hosted maritime industry
representatives at its UK headquarters to
look at ways to improve the military
support to merchant vessels and the
challenges for masters of vessels
transiting the area.
"The pirates' business model has not
evolved: they simply look for easy targets,
that is to say, low freeboard and slow
vessels. If this kind of vulnerable vessel is
moreover not applying the Best
Management Practices, it is even better for
pirates," explained an intelligence expert
of EU NAVFOR Operational Headquarters.
The purpose of the Best Management
Practices is to assist ships to avoid, deter
or delay piracy attacks off the coast of
Somalia, including the Gulf of Aden and
the Arabian Sea. Experience, supported
by data collected by naval forces,
shows that the application of the
recommendations contained within this
booklet can, and will, make a significant
difference in preventing a ship becoming
a victim of piracy.
"The fact is that there will never be
enough warships to blanket cover this
huge area. In the Indian Ocean, you
should consider self-defence as your only
defence," insisted Simon Church,
Merchant Navy Liaison Officer of EU
NAVFOR Operational Headquarters.
"You have to prepare and train your
crew before they transit this highly
Merchant industry representatives at EU NAVFOR Operational Headquarters
Chinese money to prop up Greek shipping using Chinese built ships
Chinese Premier Wen Jiabao
The Antwerp Port Authority has announced it will embark on
an investment program over the next 15 years, representing
an amount of EUR1.6 billion (US$2.23 billion).
Works include the development of the Verrebroek dock and
the Saeftinghe Development Area, modifications to its canal dock
and the Waasland canal, maintenance of roads and bridges, and
the construction of a new port house and renovation of
"It is these financial results, without trying to maximise
profits, that even after a period of crisis give us a sufficient
financial basis to implement this investment programme that is
so important to our customers, and to go ahead with the priority
activities and investments," said Antwerp Port Authority CEO
Antwep Port, Belgium
Antwerp Port Authority invests EUR1.6 billion
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