Maritime communications provider Globecomm is strengthening its presence in Greece and Cyprus with the appointment of a new representative J&E Papadopoulos.
The Shipping Ministers of Greece, Cyprus and Malta have called on the European Union to cut red tape holding back growth in the sector, which they say provides 2.1m jobs and $168bn to Europe’s economy.
One of Greece’s most colourful shipowners and businessmen Evangelos Marinakis has rejected any connection to drug trafficking, describing recent judicial action against him as "a deliberate attempt at character assassination".
With one of the constants of shipping being change, the success story that is Greek shipping is its ability to adapt to change. This message was delivered many times over in Athens last week, a week packed with events discussing and debating the latest developments in shipping.
Cosco-managed Piraeus port entered a new era this week when it handled its first 20,000 teu plus containership, the newbuilding Cosco Shipping Taurus, on 26 February.
Led by Greek owners, the global fleet continued to grow in 2017, albeit at a slower rate than for most of the last decade.
The appetite for newbuildings is evident as we move into 2018, with Greek owners continuing to building on an impressive $4.7bn investment in projects in 2017.
Greek shipping, an extrovert activity by definition, has traditionally been a key driving force of the Greek economy, despite the challenges it has faced at both the international and the national level with shipping receipts essential for covering a large part of the country’s external financing needs, but the imposition of capital controls have had a major impact on shipping' contribution to the country's national coffers.