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Morgan Stanley: Greek shipping unaffected by crisis

None of the major Greek-controlled and listed carriers are registered in Greece, and they all have their liquidity placed in banks abroad.

Regardless of whether Greece ends up leaving the euro collaboration, the country's deep economic crisis seems unlikely to have a direct impact on the country's shipping industry, notes Morgan Stanley in an update on Monday.

Close to 20 percent of the global commercial fleet is controlled by Greek shipowners based in and around Athens, a fact that makes the Greek flag the most prominent one among all major seafaring nations.

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