The Dubai authorities are courting Greek shipowners looking for alternatives to their homebase as they face an increased tax burden in future.

As part of its reforms-for-cash deal with international lenders, the Greek government has agreed deadlines for the privatisation of its two major ports, Piraeus and Thessaloniki.

Greece’s privatisation fund TAIPED has drawn up a new business plan for the utilisation of state assets, as well as ratifying the new list of pending actions that require the government’s intervention for much delayed sell-offs to proceed.

In a bid to defuse mounting concern within Greek shipping that the industry is being seen by the country’s creditors as a possible cash-cow, the government team responsible for shipping has met with the top executive members of the Union of Greek...

With the Eurozone holding a sceptre over Greek shipping, the two prime overlords of the shipping industry have held their portfolios in the first cabinet reshuffle by Prime Minister Alexis Tsipras.

Greek owner Chandris Shipping has exercised an option for a second 173,400cu m LNG Carrier at Daewoo Shipbuilding & Marine Engineering (DSME) for an undisclosed sum.

Last year the International Transport Workers Federation (ITF) collected $59.46m in wages owed to seafarers.

The Royal Bank of Scotland (RBS), is looking to scale down its Greek operations and sell its $5bn Greek shipping portfolio, according to a Reuters report.

Greek shipping companies are set for higher tonnage tax and phasing out of special treatment if an economic reform package sent to the EU late on Thursday are agreed.

With dry bulk ship scrapping surging the first half of the year Greek owners topped the pile in tonnage terms according to VesselsValue.com.