The future was looking so bright for Greece’s Piraeus cluster at the beginning of July. Xu Lirong, chairman of China Cosco Shipping, having clinched a deal to takeover Greece’s largest port, pledged the Chinese company would invest some $896m in...
Athens-based Tsakos Columbia Shipmanagement reports that it is strengthening ties with Seagull Maritime to apply the latter’s HR software tools across its entire managed tanker fleet of 55 vessels.
Credit Suisse has reportedly lost interest in acquiring any part of Royal Bank of Scotland's (RBS) $5bn-plus Greek shipping book opening the way for China Merchants Bank (CMB) to make an inroad into European ship finance.
Last weekend Greek Prime Minister Alexis Tsipras headed off for a state visit to China after a frenetic day in Parliament led his leftwing government to make a U-turn regarding the concession sale of the country’s largest port, Piraeus, to Chinese...
Premier Li Keqiang and Greek Prime minister Alexis Tsipras addressed the 2nd China-Greece Marine Cooperation Forum at the Great Hall of the People on 4 July.
Shipping and oil pioneer Kyriakos Mamidakis, whose oil company filed for bankruptcy last month, killed himself at his home in Athens on 3 July, according to a medical examiner's report.
Greek Prime Minister Alexis Tsipras headed off for a state visit to China 1 July after a frenetic day in Parliament led his leftwing government to make a U-turn regarding the concession sale of the country’s largest port, Piraeus, to Chinese...
Hurdles to concluding the concession sale to Piraeus port to China’s Cosco Group are being cleared, with the final one expected to be overcome before the end of the month, when parliament is due to vote of the Euro 668.5m ($750m) deal.
Overtonnaging, charterers with financial problems not making good on their contractual obligations, and the lack of the finance shipping requires to continually renew itself creates instability in the industry.
Greece's Prime minister Alexis Tsipras is set to visit Beijing early July provided a number of outstanding issues are resolved including approval of the EUR368.5m ($412m) sale of the Piraeus Port Authority¹s (PPA) concession to Cosco Pacific.