The Greek shipping community has sent a clear message to the Athens government: it is paramount a shipping community is competitive and enjoys a stable environment in which to operate. This is not the case today and hence there is so much talk...
Greece's shipping community is back on the edge of its seats, waiting to see what is in store for it after Prime Minister Alexis Tsipras' government comfortably won a confidence vote early 8 October, signaling the start of an avalanche of reforms...
More clouds have appeared on the horizon as the Greek government seeks to sell its controlling stake in the Piraeus Port Authority (PPA) and meet demands of the country’s creditors.
As the Athens government contemplates increasing taxes on shipping and many of Greece’s shipowners actively explore options to leave their home base, revenues from shipping services, so important to the national coffers, are already in decline.
With raising cash a priority for the incoming Greek government bids for the privatisation of the Piraeus Port Authority (PPA) will be certainly sought in the coming weeks.
With shipping and shipping related issues likely to play an important role in government plans to raise revenues and meet the demands of creditors, Greece’s incoming leftist-led coalition government has a New Ministry, Shipping and Island Policy.
The surprisingly clear victory of out-going Prime Minister Alexis Tsipras’ led coalition in Greece’s 20 September election has not only trumped pollsters but has again put the world’s largest shipping community on full alert.
The atmosphere may not have been one of euphoria as over 700 delegates from around the world flew into Cyprus this past weekend to attend the 14th version of the biennial Maritime Cyprus shipping conference, but it was certainly one of great...
At first it was Cyprus, then Singapore and London, now it is Dubai and Canada, which are openly courting Greek shipowners looking for alternatives to their home base as they face an increased tax burden in future.