Abstract
Shipping has always played a vital role in the Greek economy. Through the years, it has been—and still remains—one of the few industries (if not the only one) where Greece has the lead in the world. According to the 2012 UN Review of Maritime Transport (UN Conference on Trade and Development – UNCTAD (2012) Review of Marine Transport 2012. ISBN 978-92-1-112860-4), Greece continues to have the largest merchant fleet in the world as a percentage of the world’s total deadweight tonnage (dwt). The following analysis takes a look at the different financing options available to shipping companies in Greece, including the necessary conditions and procedures for obtaining approval of a shipping loan. It focuses, in particular, on the modern financial instruments and methods that shipping companies employ to fund their investment projects.
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Notes
- 1.
See also COSTAMARE, News Releases 2010. Available via http://ir.costamare.com/news/2010
- 2.
See also Nautilus Marine Acquisition Corp, Akis Tsirigakis. Available via http://www.nautilusacquisition.com
- 3.
See also Special Purpose Acquisition Corporation (SPAC) Overview. Available via http://amershipfinancepartners.com/spac.htm.
- 4.
See also US Securities and Exchange Commission, File No.: 001-35715, Film No.: 121187753. Available via http://www.sec.gov/Archives/edgar/data/1546383/000114420412060152/0001144204-12-060152-index.htm.
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Alexandropoulou, V.P. (2015). Shipping Finance in Greece. In: Schinas, O., Grau, C., Johns, M. (eds) HSBA Handbook on Ship Finance. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-43410-9_11
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DOI: https://doi.org/10.1007/978-3-662-43410-9_11
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