China to Build 142 Ships for Greek Companies

Greek Shipping Minister Kostis Moussouroulis announced the orders for Chinese shipbuilders on his recent visit to Shanghai.

The orders, which were signed in April, accounted for more than 60 percent of the recent global orders of Greek shipowners, reported Xinhua, citing the Greek minister.

The shipping industry, including shipbuilding, is one of the most important sectors for economic and trade cooperation between the two countries. In the next decade, China will remain an important global exporter and become an increasingly important importer, according to the minister.

As one of China's major shipbuilding companies, Shanghai Waigaoqiao Shipbuilding Co.,Ltd has built a total of 67 ships for Greek shipowners in recent years, accounting for about 30 percent of the company's output.

Leaders of the two countries have vowed to boost cooperation.

Source: Xinhua