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25 May 2010

Baltic Dry Index (BDI)    +244   4187
Rates

COSCO's Capt. Wei and NITC's Chairman Souri honoured at Seatrade Awards

Greek ppl are so fortunate to get help,though some relunctant to hlep.  see below extraction from the new york time, an angry guy's voices..

..............In Athens, Aris Iordanidis, 25, an economics graduate working in a bookstore, resents paying high taxes to finance Greece’s bloated state sector and its employees. “They sit there for years drinking coffee and chatting on the telephone and then retire at 50 with nice fat pensions,” he said. “As for us, the way things are going we’ll have to work until we’re 70.” ,......................

P/S -  does china know greek love to chat on phone and drink coffee ?    LOL    may be go there and sell hanphones to them can make money.

CheongCK      ( Date: 21-May-2010 15:49) Posted: COSCO ready to pump more money into Greece Athens: China and COSCO are ready to begin investing in Greece, horizontally and vertically in terms of shipping activities, if an agreement with Greek authorities is reached, Capt. Wei Jiafu, president and CEO of COSCO, emphasised during a meeting in Athens with Economy, Competitiveness and Shipping Minister Louka Katseli on Wednesday. The meeting, which also included Theodore Veniamis, the president of the Union of Greek Shiponwers, representatives from the tourism and business sectors and the president of the Hellenic Banks' Association, V. Rapanos, covered all business and shipping (ANA-MPA) plans between China and Greece. Capt. Wei is currently on an official four-day visit to Greece, accompanied by high-ranking officials of COSCO, a Chinese state organisation. COSCO has already established activities at the Ikonio cargo terminal of Piraeus port. [20/05/10]

Capesize freight rates fall 11%

OOCL announces Trans-Atlantic General Rate Increase