Development in Asia
Greek firms have managed to greatly capture the immense expansion of Asia, particularly China. It is mostly the dry bulk shipping firms that have benefited from the development, since iron ore and coal are the two major resources that are required for a country's infrastructure to be taken to the next level.
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Ever since the beginning of the new millennium, China has provided very lucrative contracts both on the spot, and time charter market for dry bulk shipowners. As a result, many new shipping tycoons were created.
Read more about this topic: Greek Merchant Navy
Famous quotes containing the words development and/or asia:
“The work of adult life is not easy. As in childhood, each step presents not only new tasks of development but requires a letting go of the techniques that worked before. With each passage some magic must be given up, some cherished illusion of safety and comfortably familiar sense of self must be cast off, to allow for the greater expansion of our distinctiveness.”
—Gail Sheehy (20th century)
“I have no doubt that they lived pretty much the same sort of life in the Homeric age, for men have always thought more of eating than of fighting; then, as now, their minds ran chiefly on the “hot bread and sweet cakes;” and the fur and lumber trade is an old story to Asia and Europe.”
—Henry David Thoreau (1817–1862)