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Thursday, 25 January 2024

Greece to acquire earth observation microsatellites

Greece launched an international tender for the construction of up to 5 earth observation microsatellites, worth 60 million euros. The tender is part of the national satellite program, with a…

Okeanis expects to more than double revenue

Okeanis Eco Tankers expects 91.67 million US dollars revenue from its fleet operations in the last quarter of 2023. According to a report from the company’s commercial department, which, however,…

Tankers’ freight rates skyrocket amid the Middle East crisis

The freight rates of ships transporting oil products have skyrocketed, in the wake of the crisis in the Middle East, urging shipowners to make new deals in the secondary market.…

The Greek flag flies high in all ICS categories

The Greek flag maintains its quality characteristics and high performance, despite the challenges at the geopolitical level. The Greek flag managed to perform highly in all categories, both at the…

Grid Telecom and ESO EAD agreement for Greece and Bulgaria telecommunications interconnection

The acceleration of the strategic cooperation between Grid Telecom, a subsidiary company and operator of telecommunications services of the Independent Power Transmission Operator (IPTO), and the Operator of the Electricity…

Wednesday, 24 January 2024

INTERCARGO: The safety of seamen must be of paramount importance

A consortium of companies, including Diana Shipping, ordered two more offshore wind farm support vessels. The shipping company listed on the US stock exchange, said that the joint venture of…

Diana Shipping: Investing in wind farm support vessels

A consortium of companies, including Diana Shipping, ordered two more offshore wind farm support vessels. The shipping company listed on the US stock exchange, said that the joint venture of…

IMF: Growth rate 2.1% in 2024; challenges and proposals

The outlook for the Greek economy has improved notably, but significant challenges remain, the IMF said in its report. The economy has resumed income convergence, ending a decade of stagnation…

New collaboration between FAMAR and Lavipharm for the production of pharmaceutical products

FAMAR and Lavipharm, two companies with a dynamic presence in the pharmaceutical sector, have announced their collaboration, which confirms their strong growth footprint. The new collaboration concerns the production by…

IRIS payment system: The trend that is conquering the market

The new trend in payments is called IRIS. Αfter conquering approximately 1.5 million young people aged 18-34, it is expected to further spread over the next period after the mandatory…

Greek airports: Historic record – 14% increase in passenger traffic in 2023

Passenger traffic at Greek airports jumped to a new record high in 2023, according to the Civil Aviation Authority. More specifically, passenger traffic stood at 72,613,658, up from 63,672,121 in…

BoG expects higher demand for business loans

Demand for long-term loans by small- and medium-sized enterprises are expected to rise in the first quarter of 2024, the Bank of Greece said. More specifically, the central bank said…

PPC Group: 2.3-billion-euro EBITDA target in 2026

The Public Power Corporation (PPC) presented in London its Strategic Plan for the three-year period 2024-2026, based on healthy economic growth, efficient investments inside and outside Greece, green transition, customer-centric…

Greece’s wealth in mineral raw materials

Metallic minerals, industrial minerals, zeolitic rocks, boric salts are some of the mineral raw materials existing in the Greek subsoil that must be immediately exploited, according to representatives of the…

Banks will be required to include ESG risks in capital requirement overhaul

Criteria for the management of environmental and social risks as well as governance risks will soon impose additional capital requirements on banks, according to banking executives. Therefore, it will become…

Tuesday, 23 January 2024

Fragou (Navios Maritime) optimistic over the situation in shipping despite geopolitical turmoil

Shipowner Angeliki Fragou, Chairwoman and Chief Executive Officer of Navios Maritime Partners L.P., described the shipping situation as manageable despite geopolitical developments, in her speech at the Economist conference “The…

Tsakos Energy Navigation: Full speed ahead for green transition

Tsakos Energy Navigation (TEN) has accelerated its plans aiming to achieve green transition by 2030. The longest-running Greek shipping company listed on the US stock market, according to the founder…

Germanos expansion to electronics retail industry further enhances competition

Germanos is seeking a share of the steadily growing category of electrical home appliances, further enhancing competition in the electrical and electronics retail industry. The subsidiary of the OTE group…

Hatzidakis: Greece is one of the few sources of good news

In a turbulent international environment, where geopolitical instability has become the normality and political instability has also increased ahead of the elections in many countries, “Greece is one of the…

Chatzitheodosiou on Naftemporiki TV: 20-day delay for products to reach Piraeus

“Over 200,000 containers have not arrived in Piraeus so far due to the situation in the Red Sea,” Yiannis Chatzitheodosiou, president of the Athens Chamber of Tradesmen, said in an…

HRADF announces highest bidder for Sani Kassandra

The Hellenic Republic Asset Development Fund (HRADF) declared the National Fund Sani Development and Tourism Company SA as the highest bidder for the development of the property Sani-Kassandra in Chalkidiki…

2024 a milestone year for the logistics industry in Thessaloniki

2024 will be a milestone year for the logistics industry in Thessaloniki and its role as an international transit center. Two of the three very large logistics projects of the…

Goldair Handling expanding to India’s Nagpur Airport

Goldair Handling India (Nagpur) announced its entrance to the Airport Dr. Babasaheb Ambedkar, in Nagpur, India. Greek-owned Goldair Handling India (Nagpur), after a tender process, is preparing to start operations…

Top countries with high contribution to travel receipts

In January-November 2023, the number of inbound travelers rose by 17.3% to 31,969.7 thousand compared to 27,255.4 thousand the same period last year, according to the Bank of Greece. More…

GREGY Project: Egyptian President meets with Copelouzos Group

Egyptian President Abdel Fattah El-Sisi was briefed about the progress of the “GREGY Project” concerning the electrical interconnection of Egypt with Europe, during his meeting with the president of the…

Monday, 22 January 2024

LNG is shipowners’ top choice

The use of LNG as a marine fuel is constantly gaining ground aligning with the International Maritime Organization (IMO) goals for zero gas emissions by 2050. According to Norwegian DNV,…

The repercussions of unrest in the Middle East

Shipping companies and analysts are raising concerns over the viability of the alternative route around the southern tip of Africa that ships are recently following in order to avoid the…

NielsenIQ: Supermarket turnover up 8.9% in 2023

Supermarkets  turnover grew 8.9% in 2023, according to a report released by NielsenIQ.  More specifically, the report on FMCGs noted a significant double-digit price increase in the first six months…

The repercussions of unrest in the Middle East

Shipping companies and analysts are raising concerns over the viability of the alternative route around the southern tip of Africa that ships are recently following in order to avoid the…

Orders for VLCCs will more than double in 2024

Supertankers, which can carry 300,000 tons of crude oil, are expected to attract the investment interest in 2024. According to the Poten & Partners analysis, the so-called Very Large Crude…