Piraeus Bank, the leading and longstanding domestic lender to Greek shipping, has teamed up with Japanese finance house, Orix Group to provide loans to Greek shipowners.

Classification society Bureau Veritas (BV) has established a technical committee for its VeriFuel marine services program.

Public Gas Corporation of Greece (DEPA) and European Investment Bank (EIB) have signed an agreement with financing of up to EUR20m ($22m) to construct the first LNG bunkering vessel for use in Piraeus, Greece.

Tensions in the Eastern Mediterranean and the Aegean, are rising over a Turkish maritime zone deal and the region is preparing for a difficult January.

Greece's newly elected government is determined to make the home flag more attractive to Greek shipowners.

Cosco, the operator of Greece’s Piraeus Port Authority (PPA), plans to build a fourth container pier, expanding the port’s capacity to over 10m teu and making it comparable to the biggest Northern European ports.

Despite an economic landscape offering few investment incentives, receipts from shipping boosted Greek coffers by an estimated $18.6bn in 2018. That is 14.89% more than in 2017.