Development in Asia
Greek firms have managed to greatly capture the immense expansion of Asia, particularly China. It is mostly the dry bulk shipping firms that have benefited from the development, since iron ore and coal are the two major resources that are required for a country's infrastructure to be taken to the next level.
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Ever since the beginning of the new millennium, China has provided very lucrative contracts both on the spot, and time charter market for dry bulk shipowners. As a result, many new shipping tycoons were created.
Read more about this topic: Greek Merchant Navy
Famous quotes containing the words development and/or asia:
“On fields all drenched with blood he made his record in war, abstained from lawless violence when left on the plantation, and received his freedom in peace with moderation. But he holds in this Republic the position of an alien race among a people impatient of a rival. And in the eyes of some it seems that no valor redeems him, no social advancement nor individual development wipes off the ban which clings to him.”
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