SYNOPSIS: The cost of the Greek flag vessel is no longer as low as it used to be, in competitiveness with the cost of similar vessels and other flags of other nations.
GVS Ships in harbour. (3 shots)
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Background: SYNOPSIS: The cost of the Greek flag vessel is no longer as low as it used to be, in competitiveness with the cost of similar vessels and other flags of other nations. Every nation has some certain income, others greater, others small from their merchant fleet. With todays great market, every nation is obliged to take steps whatever necessary to reduce the competitiveness of their fleet. I believe that various flags in our days having rather large merchant fleets, have been able to reduce their running costs of their ships to such low figures, that they are very competitive to their European partners. The cost of the Greek flag vessel is no longer low as it used to be in previous years and the reference to the running costs of the Greek flag vessel of other nations, is so much higher nowadays, that it be. The merchant fleet in every nation has a major contribution to the nations economic standards. The low cost of running a ship which adds to the end of the low cost products of raw materials imports and exports, assists greatly the economy of every nation. Various nations have managed to decrease the costs of their merchant vessels to as now as nearly three forths sometimes, half the cost of a Greek flag vessel and they are so competitive that they have achieved in todays market, to have their free trading compared to the Greek fleet which has been hit very badly by the present shipping crisis.
All the nations who run those fleets consider the competitiveness of their fleets very important and thus we have today a very big competition from the Far East and from the eastern block countries, which have managed to survive during the shipping crisis compared to their equal shipping nations of Europe.