A series of meetings in recent days between European Commissioner for Transport, Violeta Bulc, and leaders of the Greek shipping community appear to have got Commissioner Bulc on side when it comes to regulating the maritime industry.
The Athens residence of UK ambassador to Greece, Kate Smith was the focus of a 'cyber attack' 5 March, but UK expertise in cyber security prevailed. The attack was the showcase of a presentation at the residence by the UK Society of Maritime Industries, which allowed attendees during a presentation on the challenges of maritime cyber security to take part in a tailored cyber 'war game'.
The delivery of fewer newbuildings has led to an aging yet still expanding Greek fleet capacity wise though the number of shipping companies is in steady decline according to a new study of the Greek shipping.
Though Greek owners continue to rule the global roost when fleet size and asset value, due to the unstable market conditions and new regulatory requirements, for the first time in decade on an annual basis in the 12 months to the beginning of March the size of the Greek-controlled fleet recorded a decline year-on-year.
Greek shipowners will pay at least EUR75m ($85.37m) annually to the state budget, under a deal reached by Prime Minister Alexis Tsipras and the Union of Greek Shipowners (UGS).
The important place of the shipping industry and its participants in Greece’s overall economic picture as the country struggles to climb out of financial crisis was again evident when financial powerhouse PricewaterhouseCoopers (PwC) recently presented a study on mergers and acquisitions in Greece in 2018.
The growing appeal of Cyprus as a shipping hub is apparent when one looks at the numbers.
At a time when Europe is “experiencing turbulence such as Brexit”, Greece, with oceangoing shipping and its management as the cornerstone of a development plan can become "a pole of attraction for many shipping businesses and maritime activities”, says Union of Greek Shipowners (UGS) president, Theodore Veniamis.
Piraeus Port Authority (PPA) and North Adriatic Sea Port Authority have signed a memorandum of understanding to strengthen relations and cargo flows between the two ports.