Growth in industrial output in November
Greek industrial output rose 2.3 percent in November compared to the same month last year after an upwardly revised 7 percent increase in October, statistics service ELSTAT said yesterday. Looking at index components, manufacturing production grew 1.7 percent from the same month a year earlier, while mining output fell 7.9 percent. Electricity production increased 8 percent. their greenhouse gas emissions risks undermining the sector’s global efforts to tackle the issue, the UN shipping agency’s chief said yesterday. EU lawmakers voted in December in favor of including shipping in draft reforms of the bloc’s carbon emissions trading system (ETS), which could see the establishment of a fund to compensate for the industry’s carbon footprint. The shipping industry, which accounts for around 90 percent of goods transported globally, has rejected unilateral moves by the EU, arguing it would distort world trade and instead wants the issue handled via UN agency, the International Maritime Organization (IMO). In a letter addressed to EU officials yesterday, IMO SecretaryGeneral Kitack Lim said inclusion of
Greek shipping lead. Greek shippers own the fleet with the highest value globally, according to a survey by the VesselsValue ship valuation firm. It added up to 80 billion euros in 2016, down 12 percent from 2015, when it had been valued at 90.7 billion euros. It followed an 11 percent decline from 2014 to 2015.