Union Of Shipowners Of Mediterranean Cargo Vessels News

The year 2004 is shaping to be a monumental year for Greece, with the pinnacle being the hosting of the 2004 Summer Olympics from August 13-29 in Athens. While a maritime exhibition can hardly be mentioned in the same breath as an Olympic Games in terms of stature, the staging of the 19th biennial International Shipping Exhibition to be held in Greece — Posidonia 2004 — is a significant event for the international maritime community, particularly given the country's long and storied maritime tradition. Modern Greek shipowners continue to carry on the legacy, and in the first three months of 2004, they have invested an estimated $2.4 billion in newbuilding projects involving a wide variety of modern tonnage…