We have devoted many articles on the world’s number one shipping nation, as well as the current upheaval vis-a-vis the Greek issue, the Euro, the Greek elections et al. Today we bring you live the short interview of our editor John Faraclas to CNBC’s Julia Chatterley.
In a nutshell, the Greek shipping industry is the most important pillar of Greece’s economy for more than ten millenia. It is a reality and not a myth that Greek shipping controls twenty percent of the world’s fleet and 40 plus percent of the European fleet and it is involved in all aspects of Greek life. This young fleet has an average of ten year old ships versus twenty just ten years ago! Reality bites! Greek shipping keeps the world’s yards busy. Greek shipping is the nucleus of existence of Hellenism! Moreover, the twenty billion dollars that enter Greece’s coffers in the good market and the ten billion in the bad shipping market is the evidence of this supremacy and, if the law changes, more funds will enter Greece from shipowners despite the abolition of the Ministry of Mercantile Marine and the split with the Coast Guard.
Watch the video below and tell us your views: