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.
In what is becoming so common in Greece these days, good news is often clouded by bad news. China’s Cosco-run port of Piraeus had no sooner announced its goal of handling 5m teu annually is on the horizon after a record-breaking performance in 2018 at the port's three container piers, than it was dealing with allegations of fraud against its clients.
Last year proved to be "challenging but positive" and "cautious optimism" seems to sum up the feeling in the industry when it comes to 2019, judging from comments made by Nick Brown director, marine and offshore at Lloyd's Register when cutting the Greek Vassilopita at the classification society's traditional annual celebration in its London office, 15 January.
Greek authorities have seized drugs worth more than $113m after intercepting a Syrian general cargo ship sailing for Libya, the coast guard said on 14 December.
Greek businesses and Chinese scholars voiced confidence in the prospects of Sino-Greek cooperation in the context of the Belt and Road Initiative (BRI) during a forum in Piraeus, Greece’s largest port which in recent years has become a strong symbol of the win-win bilateral cooperation between the two countries.