Greek shipowners have reached the highest level of dry bulk ships ordered since 2008. A sign that the rates will improve, analysts say.
BY LOUISE VOGDRUP-SCHMIDT
The Greek shipping industry seems to believe in an improvement of the dry bulk market. At any rate, Greek purchasing of dry bulk ships for transporting iron ore has reached the highest level since 2008, writes Greek newspaper Ekathimerini.
On Dec. 5, all Russian crude oil will be banned in the EU. But oil from the warring country will still flow into the world market, and both the EU embargo and price cap can be circumvented, predicts sanctions lawyer.