Greek government officials have underlined the cash-strapped country’s interest in further developing co-operation with China in logistics and transport infrastructure, in the wake of Cosco Group’s strategic investment in the port of Piraeus.
The European Commission has concluded certain fiscal benefits granted by Greece to port operator Piraeus Container Terminal (PCT) and its parent Cosco Pacific provided an “undue financial advantage over their competitors” and the aid must be repaid.
The rough sailing facing Greece’s ‘champion industry’ is emerging as a key reason why Greece continues to flounder in economic turmoil.
Greece has secured an extension to its bailout from its European partners through a series of compromises. As the bargaining between Brussels and Athens was going on international shipping financers were talking up the spirit of compromise being...
Classification society Lloyd's Register (LR) is among those who believe Greece and the Greeks do not really understand and appreciate what the shipping industry has to offer the country.
Greek government policy announcements in parliament last week shed little light on its plans for shipping, other than stress the industry's standing as a flagship of the country's economy.
As Greece’s bailout talks with it European Union counterparts collapse the country’s new government has also been seeking to shore up relations with partners in other parts of the world. Greece’s Prime Minister Alexis Tsipras, last week was on the...
Greece remained the world’s largest shipowning nation by value of its fleet in 2014 according to VesselsValue.com, followed by Japan and China.
In its clearest warning yet to the newly elected radical coalition government, the Union of Greek Shipowners (UGS) has revealed the temptations being put to Greek shipowners to re-locate from the Greek cluster.
The new Greek government has moved quickly to try and douse China’s concerns over the decision to halt privatisation of the Piraeus and Thessaloniki ports.