Greece and China strengthen collaboration in shipping finance

·

The partnership between Greece and China in shipping finance is poised to see a significant advancement following a conference held at the prominent Greek port of Piraeus on Wednesday, September 6.

The event was organized jointly by the Association of Banking and Financial Executives of Hellenic Shipping (ABFEHS) and the Chinese Embassy in Greece where discussions were held between the Export-Import Bank of China (Exim Bank) and Greek shipowners. These deliberations were conducted within the broader framework of China’s Belt and Road Initiative (BRI), aimed at global infrastructure development.

ABFEHS President, George Xiradakis, in his welcoming remarks, stated, “Greece serves as a secure investment platform for maritime trade” and emphasized that it is open to both financial institutions and private investors.

He highlighted the attractive prospects that Greek shipping presents to ship financiers, citing the continual growth of the Greek-owned fleet.

Mr Xiradakis also pointed out that Chinese leasing finance in the shipping industry has seen a substantial increase, rising from $47 billion in 2017 to $77 billion in 2021. Moreover, Chinese banks, including Exim Bank, have forged robust connections with the Greek shipping sector.

Source: Ekathimerini

Cretan Convention - Web Banner

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Food, music and family fun shine at ‘Love Earlwood – Meet You at the Plateia’

The streets of Earlwood came alive on Saturday as thousands gathered for the inaugural Love Earlwood – Meet You at the Plateia Festival.

Mytilenian Brotherhood of Sydney hosts a sold-out Sardella Day

On Sunday, September 21, as the Mytilenian Brotherhood of Sydney & NSW celebrated Sardella Day at Mytilenian House in Canterbury.

Parramatta comes alive with the biggest Let’s Go Greek Festival yet

Parramatta came alive as nearly 70,000 people danced, feasted, and celebrated at the Let’s Go Greek Festival 2025.

Macquarie Greek Studies Foundation appoints CEO and launches new language program

The Macquarie Greek Studies Foundation has unveiled a series of major developments as it continues its mission to promote Greek.

Archbishop Makarios of Australia welcomes Panathinaikos BC delegation to Sydney

His Eminence Archbishop Makarios of Australia welcomed a delegation from Panathinaikos Basketball Club to the Greek Orthodox Archdiocese HQ.

You May Also Like

Zeibekiko Festival Australia 2025: Ten days of dance, music and memory

Ventouris Productions proudly presents the 3rd Zeibekiko Festival Australia, running from 3 to 12 October 2025 across Sydney and Melbourne.

Tributes flow in for two British teens killed in Greek parasailing accident

Cousins Michael Connelly, 13, and Jessica Hayes, 15, from Northamptonshire, died on Wednesday after their parachute rope snapped.

HACCI partners with the Victorian Chamber of Commerce and Industry

HACCI have announced a partnership with Victorian Chamber of Commerce and Industry, the state's most influential business organisation.