Financial News: Minister cites possibility of doubling Chinese shipbuilding fund

An interview by Maritime Affairs, Islands & Fisheries Minister Yiannis Diamantidis was rebroadcast by the China Business News (CBN) network, where the Greek minister is quoted as saying that a five-million-dollar credit line extended by Chinese banks towards Greek shipowners for shipbuilding may be increased to US$10 billion.

Diamantidis, who officially visited China in late February, met with government officials, bank executives and the leadership of Chinese multinational Cosco, a major concessionaire at the Port of Piraeus.

In other statements, Diamantidis was quoted as saying that Cosco plans to turn Piraeus into the biggest transit hub in the Mediterranean, while emphasising that China's overall investment interest has significantly aided in Greece's road to economic recovery.

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