Re-positioning Greece as a global maritime capital

(http://www.MaritimeCyprus.com) The shipping industry is by far the most extrovert sector of the national economy, a leading global player and a major source of income, wealth and prestige for Greece. In a challenging global environment, the Greek shipping community is heavily investing and expanding its global footprint. In this report, EY examines the role of Greece as a…

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Piraeus port, shining star in modern maritime Silk Road

China COSCO SHIPPING’s investment in the Greek Port of Piraeus has been helping transform the port into a more important transport hub at the crossroads of Asia, Europe and Africa, making it a shining star in modern maritime Silk Road. Cargoes loaded and unloaded at the port totaled 3.74 million TEUs (20-foot equivalent units) in…

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Remains of Ancient Greek Naval Base Discovered Near Athens.

A TEAM working off the coast of Athens has uncovered the remains of an ancient naval base, estimated to be about 2,500 years old. Some 2,500 years ago, a severely outnumbered Greek naval fleet managed to halt a force of invading Persians in a decisive clash fought in the narrow strait between the Greek mainland…

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EU bailout deal means Greece also faces increase in shipping taxes

The new bailout deal between the Greek government and the tripartite committee led by the European Commission (Eurogroup) with the European Central Bank (ECB) and the International Monetary Fund (IMF), encompasses measures in which Greece’s maritime industry will be subjected to rises in relevant taxes. Among others, Tonnage tax for ships under Greek and also Foreign flags. For the…

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