The Athens government is set to "fast track" the privatisation of the Piraeus Port Authority (PPA), after reaching an agreement in principle with Cosco Pacific for a EUR224m ($305m) expansion of container terminal facilities the Chinese company...

Greek container and dry bulk owner-operator Euroseas today announced a second quarter loss of $8.9m compared with a $1.3m loss in the same period last year.

Greek shipowner Goldenport Holdings has agreed to have a vessel returned early by its charterer, the company announced today.

Early 23 July, shipowner Victor Restis, 45, was arrested in Athens by officers of Greece’s Organised Crimes Squad (DOE), in connection with charges of embezzlement, fraud and the establishment of a criminal organisation.

It is now official. The board of China Cosco Holdings (Cosco) has confirmed the retirement of Captain Wei Jiafu as its chairman is for "reasons of age". The directors retired Wei, 63, with effect from July 16, some three weeks after rumours the...

Greece's Prime Minister Antonis Samaras has named Miltiadis Varvitsiotis, 44, as new Shipping minister, in a cabinet reshuffle this week. The Athens-born New Democracy MP replaces Kostis Mousouroulis, from the shipowning island of Chios, who is...

The latest technical innovation causing a headache for the shipping industry is social media, and according to many its impact on shipping could be the greatest of all technical developments. Implementation required no timetable, no political...

The collapse of Excel Maritime Carriers has stunned the Greek shipping community. Not so much because Gabriel Villy Panayotides has been forced to seek Chapter XI for his struggle over the past couple of years to keep a bulk ship company afloat...

The Spring of 2013 has brought a revival of shipping deals for Greek shipping companies listed in New York. Following a successful $50 million offering of "preferred" shares by Tsakos Energy Navigation ("TNP"), the drybulk specialist Safe Bulkers ...

The finger pointing has been going on for sometime, but it has intensified of late, as Greek ship owners continue the rush to order new ships, most labeled ‘eco-friendly’ by their project leaders and many as simply being seen as adding to the...