Greece Correspondent, Seatrade Maritime
An Australian with over 40 years experience as a journalist and foreign corrrespondent specialising in political and economic issues, David has lived in Greece for over 30 years and was editor of English language publications for Greek daily newspaper Kathimerini in the 1970s before moving into the Akti Miaouli and reporting on Greek and international shipping.
Managing editor of Naftiliaki Greek Shipping Review and Newsfront Greek Shipping Intelligence, David has been Greek editor for Seatrade for over 25 years.
An Athens court on 4 December passed down a 10-year prison sentence to Greek shipowner Victor Restis after finding him guilty of making a false statement, but he was released as the term was suspended, however a travel ban has been imposed on him.
Greece’s shortsea shipowners went to Brussels this month and called on Euro MPs to throw their weight behind Europe’s shortsea shipping sector as it faces challenges posed by the new regulatory environment.
Shipping contribution to Greece’s coffers in the first nine months of the year have shown a significant recovery according to latest Bank of Greece (BoG) data.
The use of scrubbers to meet the 2020 sulphur cap, their lack of regulatory framework, and impact on the market were very much under discussion at the Greener Shipping Summit in Athens last week.
Classification societies have been called on to take a bigger role in the formulating of legislation, rather than just enforcing compliance with the regulations when they come into force.
Bank accounts of leading Greek shipowner Angeliki Frangou have been frozen by Greek judicial authorities investigating lending by Marfin Bank, which is now under the control of Piraeus Bank, Greece's largest bank and leading domestic lender to Greek shipping.
The Cyprus ship management industry in the first half of 2018 generated revenue of EUR506m ($571m), or 5.1% of the island nation's GDP, the highest level in five years. The result consolidated Cyprus ship management as the world¹s third largest hub while the maritime cluster contributes around 7% to the island¹s GDP.
Chinese leasing transactions can no longer be viewed as an alternative source of financing, but rather as a fast developing prime source of finance and on the way to becoming an equal to the European and US financial markets.
The Union of Greek Shipowners (UGS) have hit out at the IMO’s approval the use of scrubbers to comply with 0.5% sulphur cap, and called on more maritime nations to “step up” efforts to have safety concerns about the shift to new low-sulphur fuels in 2020 properly addressed by the UN body.