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.
It is well recognised that when it comes to sea transportation Greek shipowners are among the leading players in most sectors. This is reflected in the fact that there are 72 Greek ownerships currently operating fleets of over 1m dwt each, the...
The European Union’s regulatory framework could led to shipowners relocating outside the EU, says Greece’s new Shipping and Island Policy Minister, Ioannis Plakiotakis.
The new Greek government led by Prime Minister Kyriakos Mitsotakis has pledged to make a more legal and tax friendly environment for shipping.
Political and financial interests remain at loggerheads over the future China's Cosco Shipping’s investment plan for Piraeus, one of the leading Mediterranean leading container ports.
The changing political scene on both sides of the Atlantic pose major threats to the shipping industry, warns the influential London-based Greek Shipping Cooperation Committee (GSCC).