NEWS FEATURE How the credit crunch has affected Greek shipping industry

Описание: (20 Nov 2008)
Piraeus - 14 November 2008
1. Various aerials showing dozens of cargo ships at anchor near Greece's largest commercial port waiting for cargo orders
FILE: Piraeus - 15 January 2008
2. Mid shot of containers on cargo vessel
3. Wide top pan across commercial port
4. Containers near cargo ship
Athens - 12 November 2008
5. Wide interior of ship brokers office
6. Set up of ship broker and managing director of Ace Chartering ship brokering company, Francois Savaricas
7. Close of Savaricas' hands typing on keyboard
8. SOUNDBITE: (English) Francois Savaricas, Managing director of Ace Chartering ship brokering company:
"The shipping industry is at the forefront of the free economy and we're the first ones to feel a recession as well as a boom. In this case, in this scenario what we're going through is not so much a shipping crisis as a whole financial crisis. The lack of liquidity in the banks meant there's no cargos moving, so from one day to the other there's been no volume, no cargos, no movement for the ships. We've seen a major drop in the rates, of something going up to 90-95 percent of what we had compared to a few months ago."
Piraeus - 18 November 2008
9. Pan of port starting on cargo ship in foreground with cargo compartment doors open and cranes overhead
10. Pull out from hook to show crane on cargo ship
11. Top shot of cargo compartment on ship
Athens, 14 November 2008
12. Wide of Carriers Chartering Corporation ship brokers office
13. Set up of Harris Frangos, sales and purchase broker at Carriers Chartering Corporation
14. Mid of bell from ship
15. SOUNDBITE: (Greek) Harris Frangos, sales and purchase broker at Carriers Chartering Corporation:
"As far as I'm concerned, we've hit the market's rock bottom because there simply is no market."
16. Wide of ship brokers at work
17. Set up of ship broker Nikos Panagiotopoulos
18. SOUNDBITE: (Greek) Nikos Panagiotopoulos, ship broker at Carriers Chartering Corporation:
"Personally, the crisis has affected us in the sense that we had chartered ships for long periods of time - one, two or three years - with some companies that defaulted. So in that respect we suffered losses."
Athens - 18 November 2008
19. Mid of cargo ships moored in port's repair zone (repair time has been extended due to lack of chartering orders)
20. Close of ship ropes tied to dock
21. Greek flags flying from ships' look out
Athens - 14 November 2008
22. Set up of ship owner and president of StealthGas Incorporated, Harry Vafias
23. SOUNDBITE: (English) Harry Vafias, ship owner and president of StealthGas Incorporated:
"The crisis has, at the moment, mostly affected dry bulk companies and container ship companies. The tanker and gas companies have been less affected because the freight rates for these kinds of ships have not decreased. An effect for all the companies has been the tightening of credit, which means the banks are far more reluctant to give loans."
Piraeus - 18 November 2008
24. Pull out of cargo on ship to show cranes on cargo ship in foreground
25. Close of Greek flag
Athens - 12 November 2008
26. SOUNDBITE: (English) Fran�ois Savaricas, Managing director of Ace Chartering ship broking company:
Piraeus - 18 November 2008
27. Pan of cargo ships at anchor waiting for cargo order
28. Wide of cargo ships
STORYLINE:
The latest spate of pirate attacks is threatening and undermining Europe's shipping industry, already suffering from the effects of the international financial crisis.
As well at the threat of hijacking, the shipping industry is also getting to grips with the global economic crisis.

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