An Athens court on 4 December passed down a 10-year prison sentence to Greek shipowner Victor Restis after finding him guilty of making a false statement, but he was released as the term was suspended, however a travel ban has been imposed on him.
Greece's Council of State has bowed to the objection of two major Greek construction companies and dealt another blow to Cosco Shipping's plan to further develop the port of Piraeus.
Shipping contribution to Greece’s coffers in the first nine months of the year have shown a significant recovery according to latest Bank of Greece (BoG) data.
China and Greece intend to use the shipping industry to expand relations between the two with China's Transport Minister, Li Xiaopeng saying his country made the geo-strategic choice to strengthen bilateral economic and trade cooperation with Greece.
The Piraeus Port Authority (PPA) reported record profits for the first half of the year, and though the upward trend continues the Cosco Shipping-controlled port company's ceo warned official foot-dragging is holding back development plans.