Greek Merchant Navy

Greek Merchant Navy

Greek Merchant Navy

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Description:
The Hellenic Merchant Marine refers to the Merchant Marine of Greece, engaged in commerce and transportation of goods and services universally. It consists of the merchant vessels owned by Greek civilians, flying either the Greek flag or a flag of convenience. Greece is a maritime nation by tradition, as shipping is arguably the oldest form of occupation of the Greeks and a key element of Greek economic activity since the ancient times. Nowadays, Greece has the largest merchant fleet in the world, which is the second largest contributor to the national economy after tourism and forms the backbone of world shipping. The Greek fleet flies a variety of flags, however some Greek shipowners gradually return to Greece following the changes to the legislative framework governing their operations and the improvement of infrastructure.

History

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. 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 shippers. As a result, many new shipping tycoons were created.

Hellenic Merchant Marine Rank Insignia of Bridge or Deck - Officers...
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