Cosco Shipping’s ‘honeymoon period’ between it and the Greek state is essentially over, following the rejection by the state of much of Cosco’s investment plan for Piraeus port
The Turkish drillship Fatih is set to begin its first drilling campaign in the Eastern Mediterranean, a move that is likely to increase tensions between Greece, Turkey and Cyprus over offshore rights.
Greece is still by some way the largest shipowning country, but the gap is closing as China’s fleet expansion continues at a rapid rate as it overtakes Japan for the number two position
