English

Wednesday, 06 May 2026

Velos Shipping maintains strong growth trajectory; new acquisition of vessel

Velos Shipping continues its steady growth trajectory, expanding its fleet to 20 vessels following a new acquisition in the second-hand market. According to shipbroking sources, the company controlled by Paschalis…

Navios sells two supertankers to Sinokor

The disclosure of the Sinokor–Navios transaction confirms that the absorption of available tonnage in the VLCC market has not only continued but is being pursued methodically, with Navios Maritime Partners,…

Shipping: The Greek flag maintained a strong quality profile

In a year when the Tokyo MoU recorded the highest number of inspections in its history, the Greek flag maintained a strong quality profile. With only four vessels detained and…

Greece Tourism Boom Faces a Catch: Record Arrivals, Shorter Holidays Weigh on Revenue Growth

A contraction in the average number of overnight stays—down to 6.1 nights from 7.4 in 2019—continues to constrain revenue growth, preventing it from keeping pace with arrivals. At the same…

Greek banks remain resilient – Alarm over war repercussions

The Greek banking sector is underpinned by sound fundamentals and it has also strengthened its resilience to potential shocks, Bank of Greece said in its Financial Stability Report. Risks to…

Tuesday, 05 May 2026

Xenokostas: EU distortions cause unfair competition in favor of third parties

Panos Xenokostas called on Europe to assume its responsibilities and take immediate action to accelerate the revival of European shipbuilding on the global stage, during his participation at the Waterborne…

IDEAL Holdings examining IPO and listing of ATTICA on Euronext Athens

IDEAL Holdings announced that its majority controlled Cypriot subsidiary, Kymora Limited, sole shareholder of ATTICA DEPARTMENT STORES SINGLE-MEMBER S.A., is considering offering a percentage of its existing shares in attica…

United Overseas Group: Aiming at closer ties with Japan

Japan plays a significant role in United Overseas Group’s (UOG) strategy, as shipowner Peter Georgiopoulos noted in remarks to local media. Following the acquisition of part of the dry bulk…

Strategic cooperation between ELVO and Copelouzos Group – Aiming to strengthen the Greek defense industry

The Hellenic Vehicle Industry – ELVO S.A. and the Copelouzos Group have announced the launch of a strategic partnership aimed at strengthening Greece’s defense industry and supporting the operational requirements…

FTTH: Contact scenarios between OTE and Nova for infrastructure

Scenarios about potential changes in the ownership of fiber-to-the-home and business (FTTH) infrastructure are circulating, with market sources referring to discussions between OTE and Nova. According to the same sources,…

Hans & Gretel opens new store in Cairo; expands its international footprint

Hans & Gretel’s opened a new store in Cairo, as a central pillar of its growth strategy is the strengthening of its footprint in the international thematic food retail market.…

Naftemporiki launches new service: Instant, free access to Greek companies’ official data

Naftemporiki is enriching its digital services by offering its readers a powerful new tool: immediate and free access to verified company data through the General Commercial Registry (GEMI), available in…

Diana Shipping: Tender offer to acquire outstanding shares of Genco Shipping & Trading

Diana Shipping is proceeding with a tender offer to acquire 100% of the outstanding shares of Genco Shipping & Trading at a price of 23.5 dollars per share in cash.…

Posidonia 2026: Geopolitical developments take center stage in the agenda

From insurance and risk management to the energy transition, digitalization and maritime safety, the conference program of Posidonia 2026 highlights an industry that is actively transforming in response to geopolitical…

Monday, 04 May 2026

Pyatt to “N”: Diplomacy must resolve all problems created by the Gulf crisis

Diplomacy must resolve all the problems created by the Gulf crisis, former US Ambassador to Greece Geoffrey Pyatt said in an interview with “Naftemporiki” and Michalis Psilos. “Two months after…

Titan concludes acquisition of Keystone Cement

Titan America SA, a subsidiary of Titan SA, announced that it has completed the acquisition of Keystone Cement, a cement and aggregates company based in Pennsylvania, following an agreement announced…

Corfu Port wins four awards; establishes its position as modern, sustainable and internationally competitive hub

Corfu Port received four major distinctions—two gold and two silver—at its debut participation in the Tourism Awards GR 2026, underscoring, as CEO Dimitris Apergis noted, its strategy to transform the…

Eldorado Gold: Favorable copper and gold market conditions drive a surge in the value of Skouries production

Strong market conditions for copper-gold concentrates, which are expected to persist through 2026, are reinforcing management’s confidence at Eldorado Gold that it will secure significantly improved commercial terms compared to…

ELVO planning defence hub at its facilities in Thessaloniki

The management of ELVO is aiming to establish a Defence Hub at its facilities in Thessaloniki, expanding its activities across a broad range of defense industry segments and developing a…

Celestyal Journey departs from Athens on its first sailing of the season

Celestyal has fully resumed its Mediterranean program, as the Celestyal Journey departed from Athens on its first sailing of the season, launching a seven-day itinerary across Greece, Italy and Croatia.…

Bulgartransgaz awards LNG supply tender to DEPA Commercial

DEPA Commercial has emerged as the winner of the international LNG supply tender conducted by Bulgartransgaz, the company announced today. The tender process was carried out through Bulgaria’s energy exchange…

AKTOR Group: 2025 was a milestone year

AKTOR Group delivered strong financial results in 2025, not only confirming but exceeding the forecasts presented by the Group’s management in October 2024, as reflected in its 2025 financial statements…

Nafplio in the spotlight for luxury yachting – 11th Mediterranean Yacht Show opened its doors

Nafplio welcomed the international elite of yachting as the 11th Mediterranean Yacht Show opened its doors on Saturday, reaffirming Greece’s role as a leading destination for luxury yacht charters and…

Greek businesses gaining access to the European Defense Value Chain

Greek companies in the defence sector are being called upon to seize the investment opportunity presented by a series of funding actions and programmes being rolled out at both European…

Thursday, 30 April 2026

Costamare steps up newbuilding program

Costamare Inc. has 16 new containership newbuilding agreements underway in China, which are expected to generate an additional 2.8 billion dollars in contracted revenues for the company. Total contracted backlog…

Daios Plastics aims to ensure adequate supply of raw materials

Daios Plastics’ management reported a significant impact on the plastics industry as a result of recent geopolitical developments in the Middle East. As highlighted in the company’s annual financial results…

Maran Tankers receives new tanker

Maran Tankers Management, a member of the Angelicoussis Group under the leadership of Maria Angelicoussis, has announced the addition of the new Suezmax tanker Maran Morpheus to its fleet. The…

ELVO and Rheinmetall sign memorandum of understanding to strengthen defense production in Greece

Hellenic Vehicle Industry S.A. (ELVO) and Rheinmetall MAN Military Vehicles GmbH (RMMV) have announced the signing of a Memorandum of Understanding (MoU), marking the launch of a strategic partnership aimed…

Dry bulk: Shift toward cost-effectiveness amid geopolitical pressure

A clear message of realism on risk management in the dry bulk sector was delivered by DryDel Shipping CEO Costas Delaportas, speaking at Geneva Dry 2026. As he noted, in…

Loulis: Industry is a pillar of stability in times of crisis

Nikos Loulis, Chairman of Loulis Food Ingredients and member of the Hellenic Federation of Enterprises (SEV), analysed the challenges arising from the volatile international environment, as well as the prerequisites…