Monday Jul 28, 2014 Search
Weather | Athens
31o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek shipper concerned over delays at Chinese yard

China Rongsheng, the country’s largest private shipyard, reported a $1.4 billion loss for 2013 and some customers are worried about Rongsheng’s $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 aren’t sure Rongsheng has even started cutting steel.

“We don’t 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)  
Greek privatization fund to get new management, says Finance Ministry
Greece wants ECB stress tests to factor in banks´ restructuring plans, source says
Musical chairs at ECB leaves Germany on guard for doves’ attack
Minister mulls fixing food and drink prices at non-private beaches
Samaras vows to stand by Cyprus in reunification talks
Prime Minister Antonis Samaras has vowed to stand by the Cypriot government in its reunification talks with Turkish-Cypriots after meeting President Nicos Anastasiades in Athens on Monday. “...
Tree collapses in village square, killing nine-year-old boy
A nine-year-old boy has been killed in a village in central Greece after a plane tree collapsed on top of him. The accident happened on Sunday night in the central square of a village called...
Inside News
VOLLEYBALL
Volleyball national team second in European League
Much as the national volleyball team tried to repeat in the finals of the European League the feat it had achieved in the semifinals, it failed to overturn the advantage Montenegro had got f...
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. “I l...
Inside Sports
COMMENTARY
Weighing all the factors
Certain people in the know continue to believe that snap elections will take place in the fall. Prime Minister Antonis Samaras is obviously aware of this trend, which is why he told Parliame...
EDITORIAL
Clear rules, for everyone
If we want to deal with the economic crisis, we need clear rules. A large number of individuals and businesses have amassed huge debts they cannot service. And some worrying symptoms have al...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek privatization fund to get new management, says Finance Ministry
2. Greece wants ECB stress tests to factor in banks´ restructuring plans, source says
3. Musical chairs at ECB leaves Germany on guard for doves’ attack
4. Samaras vows to stand by Cyprus in reunification talks
5. Minister mulls fixing food and drink prices at non-private beaches
6. Multi-bill containing prior actions ready for Parliament
more news
Today
This Week
1. Defense Minister Avramopoulos to represent Greece at European Commission
2. Euro inflation seen testing ECB patience as stimulus takes time
3. Tree collapses in village square, killing nine-year-old boy
4. Maziotis moved to Diavata Prison in Thessaloniki
5. Multi-bill containing prior actions ready for Parliament
6. Minister mulls fixing food and drink prices at non-private beaches
Today
This Week
1. Climber dies in Mount Olympus fall
2. Greek sovereign debt at 174.1 percent of GDP in first quarter
3. Unequal after death
4. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
5. Quadriplegic woman on life support 'dies due to unpaid power bills'
6. Front-line threats
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.