Greece’s pledge on Tuesday not to halt ongoing and planned privatizations has paved the way for the sale of the state’s stakes in the ports of Piraeus and Thessaloniki, Athens airport and rail freight companies.
17 Feb 2015
While Greece struggles to escape financial ruin and an exit from the eurozone, it has cemented its position as the world’s leading shipping nation.
29 Jan 2015
Greece’s new radical left wing government is set to freeze the planned sale of the state’s stakes in Athens airport, the port of Thessaloniki and rail companies as it seeks to tear up some of the conditions of its 240 billion euro ($271 billion) bailout agreement.
28 Jan 2015
Greece’s new government, headed by the populist left wing Syriza Party, said it will scrap the planned privatization of the port of Piraeus, one of Europe’s fastest-growing container ports, fueling uncertainty over its stance toward the nation’s shipping community, which controls the world’s largest fleet.
20 Jan 2015
Container traffic soared 18.5 percent to nearly 3 million TEUs at Cosco Pacific’s Piraeus container terminal last year, again outpacing growth at Mediterranean rivals.
28 Nov 2014
The port of Piraeus has approved a long delayed-agreement with Cosco Pacific under which the Hong Kong-based company will invest a further 230 million euros ($285 million) in container facilities at Greece’s largest port.
25 Jul 2014
Costamare’s revenue and net income grew in the second quarter as the Greek container shipowner boosted its fleet of chartered vessels.
24 Jun 2014
Even as it shot down an ambitious plan by Europe’s three largest ocean carriers to join forces, China was beefing up its bid to create a continental gateway to distribute its products across its largest export market.
19 Jun 2014
Greece has received expressions of interest from eight companies bidding for a majority stake in the Thessaloniki Port Authority (OLTH), the operator of the country’s second largest seaport.
04 Jun 2014
Greek shipowners are faced with a decision: increase investments in more efficient container ships to stay competitive, or return to their roots in bulk shipping.
01 May 2014
Costamare posted higher revenue and earnings in the first quarter, as the Greek charter shipowner expanded its container fleet.