A flyover image of the Adora Magic City, which gives a good sense of its size.
I didn't even know Greece has the largest fleet till now to begin with.
Greece is a fully commited member of NATO and embraced fully with EuroAtlanticism "till death". Cosco managed to purchase Piraeus port when they bid the highest, when EU forced the Greek state to sell out any national sovereignty because of debt crisis. But EU capitalist wolfpack caught sleeping because of their arrogance, and after the German KUKA robots purchase from Chinese enterprise they put "restrictions on strategic assets for sale that can be purchased from China", somekind of MOU. These assets are now for internal consume, like the 14 airports on Greek islands now belonging to the German state. Anyway trust me as a native, this enormous capital from merchant shipping flies to Luxemburg and Cayman islands without any significant impact to the local economy. Shipping companies enjoy special privileges from the state, such as-perhaps the global original- called voluntary taxation. In other words, shipowners pay taxes however they see fit at an amount they see it fit. Welcome to Greece lolI'd thought Greece's pretty friendly with China especially China helped them to build the port and infrastructure. Could anyone tell me what happens to the relationship now?
Is this true? Looks like utter domination
According to statistics released by the British Clarkson Research Company on September 6, the global new ship market order volume reached 71 ships and 2.05 million revised gross tons in August this year. Among them, Chinese shipbuilding companies undertook 60 new ship orders with a revised gross tonnage of 1.68 million, accounting for approximately 82% of the global new ship market’s order volume based on revised gross tonnage; Korean shipbuilding companies received only 6 new ship orders. , 270,000 revised gross tonnage, accounting for about 13% of the global new ship market orders in terms of revised gross tonnage..
From January to August this year, the global new ship market’s cumulative orders reached 1,038 ships and 26.81 million revised gross tons; of which China accounted for 654 ships and 15.65 million revised gross tons, accounting for approximately 58% of the global new ship market orders; South Korea Shipping companies received 161 new ship orders with a revised gross tonnage of 7.25 million, accounting for about 27% of the global new ship market orders.
According to the number of ships, China's share is even more outrageous, and China already accounts for 65%.
Chinese shipbuilding capacity over 200 times greater than US, Navy intelligence says
Gap between US, Chinese ship count expected to grow larger by 2035
Alarming Navy Intel Slide Warns Of China's 200 Times Greater Shipbuilding Capacity | The War Zone (2023-07-11)