Rough seas ahead for the Greek shipping industry

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Greece and European finance minsters have finally come to an agreement which will stave off the immediate threat of bankruptcy – but businesses in the supply chain and shipping industry have been struggling. First, the Greek shipowners, which account for some 20% of the global merchant fleet, are to face an increase in tonnage taxes, despite saying last week that there was no chance they would pay up. Several, according to WSJ, have threatened move their operations to London, Singapore ...