Monday December 22, 2014 Search
Weather | Athens
13o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek shipper concerned over delays at Chinese yard

China Rongsheng, the countrys largest private shipyard, reported a $1.4 billion loss for 2013 and some customers are worried about Rongshengs $4.6 billion worth outstanding orders.

Greek ship operator Dryships Inc has already put down a $11.56 million downpayment, 8.5 percent of the total cost, toward four cargo ships scheduled to be delivered in 2014, but Dryships executives said they arent sure Rongsheng has even started cutting steel.

We dont want to make any more payments to Rongsheng, Dryships CFO Ziad Nakhleh has told Reuters. Things are getting worse, not better.

Rongsheng said in an e-mailed statement to Reuters that thanks to recent refinancing, it is optimistic it can make delivery, but would not otherwise comment on other refund guarantee cases.

Regardless, Dryships executives also said they expect Bank of China, the guarantor, to refund their money plus 8 percent interest if Rongsheng fails. [Reuters]

ekathimerini.com , Monday April 7, 2014 (20:20)  
Spanish bond gains push yield to record low as Greek debt rises
Low costs, yield hunt to propel long-term euro zone bond sales in 2015
Greek current account deficit shrinks in October
Energy shares and Greek rebound lift European equities
SYRIZA offices in Athens evacuated after bomb threat
SYRIZAs headquarters in central Athens have been evacuated after someone called to warn that a bomb had been planted there. Police are searching the building on Koumoundourou Square. On Fri...
ANALYSIS
Greek parliament vote in balance after Samaras election offer
Greek Prime Minister Antonis Samaras' surprise offer to lawmakers to go to the polls late next year in exchange for a vote for his presidential nominee has injected fresh momentum into his f...
Inside News
SOCCER
Special day for Abidal, lucky one for PAOK
PAOK scraped through its Livadia challenge beating Levadiakos to remain on top of the Super League for Christmas, one point ahead of Olympiakos that enjoyed a great game at Kalloni and offer...
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
Inside Sports
INTERVIEW
Klaus Regling stresses debt sustainability through commitment to reforms
BRUSSELS The man who is responsible for the loans to Greece as managing director of the European Stability Mechanism (ESM/EFSF), Klaus Regling, is the only high-ranking European official w...
INTERVIEW
Crisis of confidence will come back again and again, says Thomas Piketty
Hes treated like a rock star wherever he goes to lecture. His book Capital in the 21st Century, a study on income and wealth inequality from the 18th century to the present, recently tran...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. SYRIZA offices in Athens evacuated after bomb threat
2. Spanish bond gains push yield to record low as Greek debt rises
3. Low costs, yield hunt to propel long-term euro zone bond sales in 2015
4. Greek parliament vote in balance after Samaras election offer
5. Parliament to investigate Haikalis claim he invested in stock market
6. Tuesday morning stoppage on metro, electric railway and tram in Athens
more news
Today
This Week
1. Government accuses SYRIZA and Independent Greeks of 'clear alliance'
2. Euro shaky on ECB and Greece, dollar keeps edge
3. Prosecutor gathers depositions in Independent Greeks 'bribe' probe
4. Draghi starts squaring QE circle in month of persuasion for ECB
5. Parliament's ethics committee to look into independent MPs' comments
6. Energy shares and Greek rebound lift European equities
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. High stakes
3. Europe's drama in Greece needs final act to avoid tragedy
4. A friendly yet firm message from Pierre Moscovici
5. On the edge but not gutless
6. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.