Athens Macedonian News Agency: News in English, 12-06-04

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Posidonia 2012 int'l shipping exhibition opens in Athens

[01] Posidonia 2012 int'l shipping exhibition opens in Athens

At a time when Greece is facing the serious challenge of implementing the structural reforms necessary to re-energise its economy, Posidonia will highlight the contribution that Greek shipping already makes to the national economy and underline its future potential, according to the organisers.

The collective might of Greek shipowners, who last year alone invested 8.5 billion dollars on newbuildings, is a man attraction for the thousands of maritime, finance and trade sector professionals from around the world, who will participate and attend the Posidonia Exhibition and its many business and social programmes, which will run through June 8.

"In the decade between 2000 and 2010, Greek shipping contributed to the Greek economy a total of 140 billion euro, or half of the country's public debt as it stood in 2009. Posidonia has followed this trend and has grown from strength to strength ever since its inaugural event more than 40 years ago, establishing itself as the world's most prestigious shipping forum eagerly anticipated every two years by the international maritime community", said Theodore Vokos, Project Director, Posidonia Exhibitions.

The state-of-the-art venue will host more than 17,000 people from nearly 90 countries from every corner of the world during a weeklong celebration of business activities ranging from networking, deal- making, product launches and conferences. Posidonia also features a rich calendar of sporting side-events, such as the Lloyd's Register-sponsored sailing regatta known as Posidonia Cup, the Posidonia Shipsoccer Tournament, which attracts more than 250 players, and the introduction of the first Posidonia Golf Tournament, which is hoped to become a staple feature of the event.

Furthermore, the impressive list of conferences and seminars to be held at Posidonia 2012 is expected to attract additional finance and sea trade professionals from the major maritime markets around the world, increasing demand for hotels and visitor services, providing an important boost to Greece's tourism industry.

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