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Friday, 08 Αυγούστου 2025

Contships Logistics Corp. in the proces of renewing its fleet

Contships Logistics Corp., owned by Nikolas D. Pateras, is in the process of renewing its fleet. The company, which is the largest private feeder containership manager, successfully issued a five-year…

Bulk carriers: Key drivers of change

The bulk carrier market is operating in a highly volatile geo-economic environment, with trends differing sharply across ship classes and coal altering the map of global trade. At the same…

Athens stock exchange climbs above 2,000 points at 15-year high

The Athens Stock Exchange continues its positive performance remaining above the 2,000 points. The General Index has gained more than +5.4% in the current five-day period, reaching the highest level…

Helleniq Energy: Adjusted EBITDA at 221 million despite the Elefsina refinery full turnaround

Despite – as reported – the reduced production, due to the scheduled full turnaround at the Elefsina refinery, HELLENiQ ENERGY announced an improvement in the second quarter compared to the…

PPC upgrades its services with more than 60 new branches

The network of new and renovated PPC stores has exceeded 60, with the transformation program continuing dynamically in 2025. Focused on the customer, their needs and experience, the new PPC…

Performing Shipping: Holding firm on the road to a green future

Performance Shipping is investing in “green” ships in order to further reduce its environmental footprint. According to the ESG report for 2024, an impressive 13.6% reduction in greenhouse gas emissions…

Greek banks report high interest income

Greece ranks 4th with the highest net interest margins, reflecting the strong interest profitability of Greek systemic banks in the first quarter. Furthermore, Greek credit institutions rank 4th from the…

INTERCARGO – GCMD cooperate for the decarbonization of shipping

The International Association of Dry Bulk Shipowners – INTERCARGO and the Global Centre for Maritime Decarbonization (GCMD) have signed a two-year cooperation agreement to accelerate decarbonization efforts in the dry…

Selected Hideaways is redefining hotel and villa management in Greece

Selected Hideaways, one of the leading luxury hotel and villa management companies, is investing in its dynamic development. The company undertakes new projects and collaborations on islands such as Mykonos,…

Thursday, 07 Αυγούστου 2025

Trade deficit rises to 3.137 billion euros in June, ELSTAT says

Greece’s trade deficit reached 3.137 billion euros in June 2025, with exports moving downward, according to the Hellenic Statistical Authority (ELSTAT). Specifically, the deficit rose to 3.137 billion euros compared…

OTE Group maintains Its growth momentum

OTE Group reported improved momentum in the second quarter of 2025, with revenues up 1.1% and adjusted EBITDA rising 2% compared to the same period last year. The Group’s FTTH…

ATM Withdrawals: Abolition of fees as of August 11

The initiative of the Ministry of National Economy and Finance, which completely abolishes charges for cash withdrawals from Greek bank ATMs, will come into effect on Monday, August 11. At…

Twelve initiatives to enhance business climate and attract investments

The Ministry of Development is promoting twelve interventions to improve the business environment and remove administrative burdens as part of efforts to create new businesses and attract large investments. The…

Vassilis Psaltis at the helm of Alpha Bank’s strategic upgrade

The plan for the upgrade of Alpha Bank is underway, with CEO Vasilis Psaltis being the main “protagonist” of a steadily upward trajectory, which is coming to “erase” the dark…

Seanergy Maritime returns to profitability

Optimism for the course of Seanergy Maritime Holdings Corp. and the prospects of the Capesize market was expressed by the company’s president and CEO Stamatis Tsantanis, following the announcement of…

PPC: Adjusted EBITDA 1 billion euros – Net profits 0.2 billion euros in H1

PPC delivered a strong performance in the first half of 2025, with second-quarter results exceeding those of the first quarter, as expected, following the improvement in wind conditions that contributed…

Wolt announces expansion to new popular summer destinations

“Over the past year, the company has been dynamically expanding its presence in islands and cities that are popular summer destinations, offering residents and visitors more choices and greater convenience…

United Maritime: Profitability and dividend distribution

United Maritime Corporation announced its financial results for the second quarter and first half of 2025 on Wednesday. It also announced a quarterly dividend of 0.03 dollar per share for…

Danaos: Contracted revenues of 3.6 billion dollars

Danaos Corp. is making cautious investment choices, but it maintains 546 million dollars in cash, its contracted revenues for the coming years amount to 3.6 billion, and the company’s leverage…

Wednesday, 06 Αυγούστου 2025

Shipping: Car carrier market firmly moves toward stabilization

The car carrier market is stabilizing, following nearly three years of exceptionally high freight rates. According to an analysis by Veson Nautical, freight rates and asset values continued their path…

89th TIF dedicated to the 100th anniversary of the exhibition organization

The 89th TIF to be held from September 6 to September 14 will be dedicated to the 100th anniversary of the exhibition organization. This year’s event will be a special…

Carlova Maritime expands its fleet with VLCC

The newly founded Greek shipping company Carlova Maritime, under the leadership of Antonis Iglessis, is strengthening its fleet. Less than six months after its establishment, Carlova signed an agreement with…

Cosmetics: Consumers turned to more affordable and economical options

The value of cosmetics sales in the Greek market has recorded positive rates, a trend that is partly due to product price increases, according to a sectoral study by ICAP…

ICEYE: Full-scale satellite construction in Greece in 2026

The complete construction of satellites in Greece, from the first component to the final assembly, is planned by ICEYE Hellas, a subsidiary of the Polish-Finnish SAR (Synthetic Aperture Radar) satellite…

PPC Group contributes to the cybersecurity of smart energy infrastructures

The PPC Group announced that it is actively participating in the European research project XTRUST-6G (Extended Zero-Trust and Intelligent Security for Resilient and Quantum-Safe 6G Networks and Services – GA…

TEN continues its fleet renewal strategy

Tsakos Energy Navigation continues its fleet renewal strategy. The NYSE-listed shipping company of Dr. Nikolaos Tsakos has placed an order for two VLCCs with an option for one more and…

Out-of-court mechanism: Over 40,500 debt settlements in July

The number of debt settlements within the framework of the out-of-court mechanism reached 40,515 in July, according to data from the Ministry of National Economy and Finance. These settlements correspond…

IPTO: Pilot program for 24-hour infrastructure surveillance via drones

Τhe Independent Power Transmission Operator (IPTO) launched a pilot program for 24-hour surveillance of all critical infrastructures of the Electricity Transmission System using unmanned aerial vehicles (drones). This important initiative,…

Cruise sector: Investments of 65 billion dollars

The global cruise industry is returning to a growth trajectory with strong pre-bookings and positive forecasts for 2025, making major investments in both new ships and the renovation of the…

Tuesday, 05 Αυγούστου 2025

Alpha Bank concluded acquisition of Flexfin

Alpha Bank announced the completion of the acquisition of 100% of FlexFin Ltd, with the latter aiming to merge its factoring activities in Greece under a single corporate entity. FlexFin…