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
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