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Schaeuble: Greece Needs Support With Refugee Crisis But Cannot Relax Reform...
Greece needs additional support to cope with the challenges posed by the refugee crisis but that does not mean that it can relax efforts to reform and regain competitiveness, German Finance Minister...
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Shipping Minister Claims Piraeus Port Sale is Not Completed
Shipping Minister Theodoros Dritsas claims that the sale of the Piraeus Port to Chinese company Cosco that was signed on Friday is not completed and that he disagrees with the privatization. “There is...
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Watch Moment Cargo Vessel Crashes into Halkis Bridge [Video]
Cargo vessel Madares collided with the old Halkis bridge at Halkida, Evia, at around 12:45 am (Greek local time) on Friday, May 13. At the time of the incident the cargo vessel, transporting coal, was...
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Piraeus Port Strike Sends Cruise Ships to Turkey
The continuing strike of Piraeus Port workers impedes cruise ships from docking and as a result the vessels are forced to go to Turkey, says a Kathimerini report. The workers are on rolling 48-hour...
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Prime Minister Tsipras Says End of Review to End Recessionary Cycle
The conclusion of the review of Greece’s program will end the great recessionary cycle of recent years and open up a new chapter for the country, Prime Minister Alexis Tsipras said on Monday, at the...
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Mitsotakis at ‘Posidonia’: ND has Always Supported the Shipping Sector
New Democracy has traditionally favored the development of the shipping sector and the people employed in it, party leader Kyriakos Mitsotakis said on Monday during a speech at the opening of...
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Revenue Losses Continue as Piraeus Port Workers Extend Strike
Eight cruise ships carrying more than 9,700 passengers scheduled to dock at Piraeus Port on Saturday might not anchor at all if dock workers continue their strike. The port unionists are on strike for...
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Greek Parliament Ratifies Piraeus Port Majority Stake Sale to Chinese COSCO
Greek parliament on Thursday ratified the sale of the majority stake of Piraeus Port to China’s COSCO, a day prior to the departure of Prime Minister Alexis Tsipras for Beijing for an official visit....
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Cosco to Invest Additional €500 Mln in Greece’s Piraeus Port
Chinese giant Cosco is to invest an additional 500 million euros on developing Piraeus Port, as it was revealed during Prime Minister Alexis Tsipras’ visit to China. The Greek prime minister visited...
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China and Greece Vow for Further Cooperation
China and Greece vowed on Tuesday to well implement the Piraeus Port project and make it an important part of the bilateral cooperation on the Belt and Road Initiative. The pledge came as Chinese...
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Cosco Sends Containers to Slovenia Due to Greek Railway Strike
Cosco has decided to transfer its containers to the port of Koper in Slovenia from Piraeus in order to deal with the Greek railway strikes. Since the tariffs for small feeder ships are currently at...
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Philippos Niarchos Travels Incognito to Stavros Niarchos Landmark Venue
Greek tycoon Philippos Niarchos is in Athens. An exclusive report in Greek newspaper Proto Thema states that he arrived at the Stavros Niarchos Foundation Cultural Center in a Learjet to survey the...
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Greek Authorities Freeze SKAI Media Owner’s Assets
Greek authorities on Wednesday proceeded with freezing the assets of businessman Yiannis Alafouzos, following tax audits that showed 50 million euros that were not justified. Alafouzos is a ship owner...
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Greek Lighthouses Open to Public on Sunday
Greece’s Navy is opening 30 lighthouses around the country to the public on Sunday (August 21) as part of the International Lighthouse and Lightship Weekend (ILLW). During the day, visitors will be...
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Greek Shipowners Continue to Fly Greek Flags on Fleets Despite Obstacles
A number of Greek shipowners are supporting local shipping despite the economic crisis. Despite the more expensive price of bearing the Greek flag and the bureaucracy associated with this, they are...
View ArticleWho Are the Greeks Affected by the Hanjin Fall Described as a Lehman Moment...
“The fallout of Hanjin Shipping is like Lehman Brothers to the financial markets,” said Gerry Wang, Seaspan Corp. Chief Executive Officer, adding that the fall of South Korea’s biggest container line...
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Greek Shipowner Arrested and Hospitalized Following Dutch Warrant
Shipowner Yiannis Karageorgis, aged 66, has been arrested following an international warrant issued by Dutch authorities. He is facing charges of fraud, forgery and fraudulent bankruptcy. The...
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Greece Could See Tremendous Profit from Japanese Shipping Companies Merging
On Monday three Japanese shipping companies announced their intentions to merge, which would result in creating the third largest company of shipping companies with regular container ship lines. The...
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Thessaloniki Port Tender in Process After Opposing Minister Leaves
The replacement of former shipping minister Theodoros Dritsas signified that procedures for the privatization of Thessaloniki Port Authority (OLTH) are restarting. The procedure for the privatization...
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New COSCO Deal Creates ‘Piraeus Free Zone’ With VAT-Free Spare Parts for...
A new program offering Greek shipowners VAT-free spare parts is in the makings as the Chinese Shipping company COSCO has struck a deal with a Copenhagen-based logistics and transport provider creating...
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