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Friday, 16 May 2025

Seven suitors in Vouliagmeni beach tender

Seven investment entities have expressed interest in leasing Vouliagmeni Beach within the framework of a relevant tender process by Hellenic Public Properties. These are companies and joint ventures with activity…

Danaos stands firm amid ongoing challenges

Danaos Corporation continues to register an extremely positive course with 3.7 billion dollars in contracted revenue, 825 million dollars in liquidity, 1.9 billion dollars in company value, 84 ships in…

Noval sees enhanced performance outlook for 2025

Noval Property REIC (a subsidiary of Viohalco) expects increased figures for this year as a result of the active management of its real estate portfolio and its new developments that…

Shipping: VLCC freight rates higher due to increased crude exports

Significant developments are taking place in the global shipping and oil markets, as US crude oil exports to South Korea reach historic highs. These exports directly affect charter rates for…

Landmark partnership for Thriasio Freight Center – Onex Elefsis Port & Logistics Hub

An important Memorandum of Understanding between Thrissio Freight Center S.A. and Onex Elefsis Port & Logistics Hub S.A., aiming to strengthen the supply chain and its connection with the shipbuilding…

Thursday, 15 May 2025

Intracom Defense: Investments in new production lines and infrastructure after ΙΑΙ acquisition

INTRACOM DEFENSE (IDE) presented the high-tech systems it develops in the fields of Secure Tactical Communications and Command & Control, Hybrid Power Systems, and Electronic Missile Systems at DEFEA 2025.…

Laskaridis Maritime: Triple naming of bulkers

Alimia Group, under the ownership of Athanasios Laskaridis, is now witnessing the tangible results of its comprehensive shipbuilding program, encompassing state-of-the-art bulk carriers and tankers. In particular, the Greek shipping…

Recovery Fund: The revised “Greece 2.0” submitted to the Commission

The proposal for the revision of the National Recovery and Resilience Plan “Greece 2.0” was submitted to the European Commission, by decision of the Alternate Minister of National Economy and…

ONEX: The milestone of 700 ships repairs and future investments

A significant milestone, which a few years ago was not even visible on the distant horizon, was achieved by the ONEX group at the shipyards of Elefsis and Neorion, Syros.…

OTE’s partial restructuring underway

The strong performance in mobile, broadband services and television combined with effective cost management leads OTE management to estimate an increase in adjusted EBITDA (earnings before interest, taxes, depreciation and…

Kri-Kri: 26.5% increase in turnover in the first quarter

Kri-Kri dairy’s turnover increased by 26.5% to 66.38 million euros in the first quarter of 2025, compared to 52.48 million euros in the first quarter of 2024. According to the…

EFA GROUP at DEFEA 2025: “One Stop Shop” of defense solutions – Innovation and high t

EFA Group and its companies EFA VENTURES, SCYTALYS, UCANDRONE and AETHER AERONAUTICS presented their proposals in the fields of Battle Management Systems, Command and Control Systems (C2), Interoperability and Unmanned…

OTE: 1% increase in revenue and 1.8% in adjusted EBITDA in Q1

OTE reported an increase of 1% in revenues and an increase of 1.8% in the growth rate of Adjusted EBITDA (AL) in the first quarter of 2025. Adjusted profit to…

INSETE: Each euro generated from tourism contributes an estimated 2.2-2.65 euros to the country’s GDP

The positive course of tourism in 2024 confirms its continuous contribution to the economy, in an era where nothing is a given, the Secretary General of SETE and President of…

9th Naftemporiki Shipping Conference: Shipping in disruption – Threats and opportunities in the modern maritime environment

Naftemporiki, serving the shipping sector since 1924, is organizing its 9th Shipping Conference, with the participation of leading shipowners and executives in the industry. Through presentations, analyses, interviews and special…

Wednesday, 14 May 2025

Laskaridis Foundation donates upgraded drones for the Aegean

The ceremony for the donation of the advanced technology unmanned V-BAT aircraft to the Supreme Military Command of the Interior and Islands (ASDEN) by the charitable foundation “Athanassios K. Laskaridis”…

Mytilineos: Metals are of strategic importance for ReArm Europe

The sustainability of metallurgy and the strategic importance of metals for ReAerm Europe were the focus, among others, of METLEN President and CEO Evangelos Mytilineos at the Global Metals, Mining…

Recovery Fund: Countdown to the submission of the revised “Greece 2.0”

Athens is proceeding with the submission of the revised Recovery Plan “Greece 2.0” after having replaced projects that will not be completed by August 2026 and integrating others in their…

Piraeus Port: Attica Region–PPA explore upgrade strategies

The need to further strengthen the cooperation between the Region of Attica and Piraeus Port Authority S.A. in order to complete the projects accompanying the expansion of the port of…

AKTOR Group acquires 20MW renewable energy projects

AKTOR Group announced that it has signed a binding agreement for the acquisition of a portfolio of Renewable Energy Sources (RES) projects, with a total capacity of 19.8 MW, as…

Celestyal: Doha approaches to double in the next three years

Celestyal has further strengthened its partnership with Qatar Tourism, Visit Qatar and Mwani Qatar. The agreement was announced at the Arabian Travel Market, which took place from April 28 to…

Beate Gminder stresses Greek Coast Guard’s critical role in safeguarding the EU borders

The Minister of Maritime Affairs and Insular Policy, Vasilis Kikilias, met with the Head of the EU Migration Task Force and Director-General of the European Commission for Migration and Home…

Supermarkets: Prices drive choices amid lower weekly budgets

Cost continues to be the main criterion for food selection, but with a tendency to bridging the gap from the second criterion, which is quality, according to the annual consumer…

TallyBoat is leading sailing & yachting management into a new era

TallyBoat is a revolutionary, cloud-based boat management platform that brings digital transformation to the Sailing & Yachting industry. The idea of TallyBoat was born from the need to modernize the…

PPC: Develops AI systems – Participation in the European Research Project RAIDO

PPC is participating in the European research project RAIDO (101135800), which aims to develop and implement Artificial Intelligence (AI) technologies to enhance energy efficiency and sustainability in energy. The research…

PPA: Record revenue and profits in 2024 – 43.7% higher dividend

Piraeus Port Authority (PPA) S.A. recorded an impressive performance for the fiscal year 2024, presenting new historical highs in revenue, profitability and proposed dividend. The company’s CEO Angelos Karakostas made…

Tuesday, 13 May 2025

Apeiron Ventures invests in French start-up Alta Ares

Apeiron Ventures is opening up to dual-use and defense technology by participating in the first round of financing for the French startup Alta Ares, the winner of the recent NATO…

Star Bulk Carriers in the spotlight of major investors

NASDAQ-listed Star Bulk Carriers, owned by Petros Pappas, maintains high investment interest. Both Norwegian shipowner John Fredriksen and Dr. Ioannis Coustas’ Danaos are increasing their stakes in the shipping company,…

Electricity theft – Strict penalties for offenders

Stricter penalties are provided for electricity theft, with offenders required to pay up to 100% surcharges for the amount of energy they have illegally stolen from the system. The above…

Greek shipping at the UN Security Council

The President of the Union of Greek Shipowners, Melina Travlou, will address the United Nations Security Council on May 20, alongside UN Secretary-General Antonio Guterres and Prime Minister Kyriakos Mitsotakis.…