China's rejection of a game changing container shipping alliance has deepened pessimism in an industry plagued by overcapacity, analysts say.
The latest deal with China over Greece's largest container shipping port signals strong confidence in the country, the Greek shipping minister said.
Miltiadis Varvitsiotis, Greece's shipping minister, highlights that the Cosco/Piraeus Port deal is the biggest direct investment in Greece since the crisis began and discusses the port's privatization process.
Japan's Nikkei extended losses on Friday on news that a conservative may be the leading candidate to head the Bank of Japan while Australian and South Korean shares ended a range-bound session relatively flat, weighed down by weak euro zone growth.
CHICAGO, Oct 1- As global economies from Beijing to Berlin struggle to keep their heads above water, a new wave of stimulus spending is under way.
The approval of a second bailout for Greece on Tuesday will bode well for Asian shipping companies, according to one analyst, who points out that Asian container shippers have a large amount of business with Europe.