Friday September 19, 2014 Search
Weather | Athens
27o C
19o 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)  
ECB eyes banks’ capital quality as target for supervisory power
EIB signs deals with Greece for 815-mln investment in infrastructure projects
Local lenders draw 5 bln for loans to SMEs
Tourism drives jobless rate down
Homeless man falls to death from shelter in central Athens
A man aged between 40 and 45 years old fell to his death from the fourth floor of a homeless shelter in central Athens on Friday morning. Authorities said they suspect that the homeless man,...
Syntagma metro station to close for Fyssas tribute concert
Syntagma metro station will be closed from 4 p.m. on Friday due to a concert that will be held in the square to mark the one-year anniversary of rapper Pavlos Fyssas’s murder by a Golden Daw...
Inside News
SOCCER
Triumph for PAOK, historic result for Asteras in Europa League
Greek teams produced a patchy record on the opening night of the Europa League group stage on Thursday, as PAOK thrashed Dynamo Minsk, Asteras Tripolis snatched a draw at Besiktas and Panath...
SOCCER
Financial crisis forces Greek second division postponement
Greece's second soccer division Football League announced on Wednesday the postponement of the start of the season due to financial difficulties being faced by most clubs. "The board of dire...
Inside Sports
COMMENTARY
High stakes after the Scottish vote
We will soon know whether the Scots voted for their country’s independence or whether they will remain citizens of the “United Kingdom of Great Britain and Northern Ireland.” What was alread...
COMMENTARY
Greek society’s and lenders’ fatigue
The issue of early elections continues to dog the coalition government despite all the official denials. That the administration is losing its cool is obvious. The political discourse has no...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Homeless man falls to death from shelter in central Athens
2. Syntagma metro station to close for Fyssas tribute concert
3. Samaras heads to Azerbaijan for two-day visit
4. Dozens of arrests at march to mark anniversary of Fyssas murder
5. ECB eyes banks’ capital quality as target for supervisory power
6. EIB signs deals with Greece for 815-mln investment in infrastructure projects
more news
Today
This Week
1. Samaras heads to Azerbaijan for two-day visit
2. ECB eyes banks’ capital quality as target for supervisory power
3. EIB signs deals with Greece for 815-mln investment in infrastructure projects
4. Dozens of arrests at march to mark anniversary of Fyssas murder
5. Syntagma metro station to close for Fyssas tribute concert
6. Homeless man falls to death from shelter in central Athens
Today
This Week
1. Greece on standby
2. Greece at bottom of social justice scale among EU28
3. Central Athens traffic restrictions back in force on Monday
4. Lost in the fog
5. Democracy under Pressure | Live Streaming
6. SYRIZA spokesman suggests gov't sought to stop NERIT airing Tsipras speech live
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.