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Thursday, 16 May 2024

EU Commission: 2.2% growth rate in 2024, 2.3% in 2025

The Greek economy will continue to grow at higher rates than the eurozone average in 2024 and in 2025. Exports, investments and private consumption are expected to contribute to the…

Can Greece be the Silicon Valley of global shipping?

Greek shipping has always been a pioneer in exploiting technological developments and innovation. Therefore, it could not remain unaffected by the revolution of digital transformation and artificial intelligence. So how…

IELKA: Supermarket prices remained stable in April

The prices in major supermarket chains remained almost unchanged in April 2024, compared to the same period in 2023, according to a survey conducted by the Institute of Retail Consumer…

Wednesday, 15 May 2024

Vafias: Only 800 out of 5,500 ships have a Greek flag – This must change

The issues that concern shipowners such as the new measures for greenhouse gas emissions, the regulatory framework, the new constructions and the trends in the international shipping markets were raised…

Prokopiou: The miracle of Greek shipping

With the experience of 54 years of activity in Greek shipping, Giorgos Prokopiou, founder of the companies Dynacom Tankers, Sea Traders and Dynagas, spoke from the podium of the 8th…

Captain Panagiotis Tsakos stresses need to attract more people to maritime profession

The need to strengthen maritime education, as well as to attract more young people to the maritime profession was underlined by Captain Panagiotis Tsakos, during his speech at the 8th…

Xylas: Greek shipping will continue to lead the global industry

The contribution of Greek shipping to the development of the country as well as the prospects and the challenges of the sector were highlighted by John Xylas, treasurer of the…

Stylianidis: A period of challenges and upheavals for global shipping – Greece’s decisive role

The Minister of Maritime Affairs and Insular Policy Christos Stylianidis opened the proceedings of the 8th Naftemporiki Conference entitled “The critical decisions”, presenting the important challenges facing global shipping as…

Ktenas: For a hundred years, ‘Naftemporiki’ and shipping have been marching together

Naftemporiki’s interrelated course with Greek shipping and its timeless presence in the news “front line” was underlined by the General Manager Spyros Ktenas during his speech at the 8th Naftemporiki…

EBRD: Greek economy to grow 2.3% in 2024 and 2.6% in 2025

The European Bank for Reconstruction and Development (EBRD) sees the Greek economy as resilient, estimating that it will continue to outperform the rest of the eurozone both in 2024 and…

Stylianidis to ‘Naftemporiki’: The “keys” for an agreement on carbon pricing

Minister of Maritime Affairs and Insular Policy Christos Stylianidis outlined in an interview with “Naftemporiki” three plus one principles for reaching an agreement at the level of the International Maritime…

Shipping: Greek companies’ capitalization skyrocketed

The capitalization of Greek shipping companies listed on the US stock market has skyrocketed over the last months and the 1 billion “club” continues to grow, while soon we may…

“Critical Decisions”: Naftemporiki’s 8th Conference

“Critical decisions” is the title of the 8th Naftemporiki Conference which will take place on Wednesday, May 15, at the Stone Warehouse of the Piraeus Port Authority (PPA). “Naftemporiki” will…

AVAX Group’s growth pillars: Constructions, participation in projects, new investments

The financial results of 2023, the strategy and the prospects of the AVAX Group were presented by the management to representatives of stock companies and institutional investors. According to the…

Mytilineos: Positive momentum for Greece, not for Europe

The president and CEO of MYTILINEOS, Evangelos Mytilineos, took part in the proceedings of the Circle of Ideas Conference. He focused on the causes that led to the economic crisis…

Tuesday, 14 May 2024

Greek shipowners focus on modern ultramaxes

Modern ultramaxes are currently the most appealing type of bulk carrier, based on the latest deals, in which the Greek shipowners dominate. According to data from domestic shipping companies, a…

Cenergy Holdings signs contract with Corinth Pipework for low CO2 steel pipes

Cenergy Holdings announced a new contract for Corinth Pipeworks, its steel pipe segment, for steel pipes with CO2 reduction certificates. Subsea7, one of its long-term customers, opted to take advantage…

OTE Group: Dynamic start in 2024 with 9.2% increase in revenues

The group’s consolidated revenues increased by 9.2% to 877.6 million euros, due to strong performance in Greece. Adjusted EBITDA rose 1.2% to 326.0 million euros, with a margin of 37.1%.…

Containerships: Which Greek shipowners win the bet

Alphaliner pointed out in its analysis the dynamics of independent shipping companies managing containerships, mainly from Greece and Asia, although liner shipping companies are reducing their dependence on ship charters.…

IRIS: Rapid developments – Its implementation is expanding by the end of the year

A total of 277,000 self-employed and professionals have already added the IRIS system to the payments to their customers, while the National Economy and Finance Ministry is planning to extend…

Inflation stands at 3.1% in April – food prices up 5.4%

Inflation stood at 3.1% in April, according to the Hellenic Statistical Authority (ELSTAT). Double-digit growth rates continued to be recorded in April for olive oil, fruit and fish. However, the…

Skroutz: Online shopping up 7.95% at Easter

The average price of the basket in online consumer shopping during Easter reached 63 euros, up 7.95% compared to the corresponding period last year, according to Skroutz data. Based on…

Prodea Investments ‘scans’ Greece for hotels

Prodea Investments places an emphasis on the hotel industry, with the further development of its existing properties as well as new acquisitions. After the acquisition of 55% of Mediterranean Hospitality…

Aegean Shipping and COSCO enhance their relationship: Two more LR2s in record times

Following a new order for two state-of-the-art LR2 tankers, Aegean Shipping Management and COSCO seal a relationship of trust, which has been built step by step, for a decade. Aegean…

Applications to out-of-court settlement exceed 25,000 in the first quarter of 2024

A total of 25,190 new applications were submitted to the out-of-court mechanism in the first quarter of 2024, compared to 13,830 in the first quarter of 2023. According to the…

Diamantidis to ‘Naftemporiki’: Food exports soar 5%

The President of SEVE-Greek Exporters Association, Simeon Diamantidis, in statements to “Naftemporiki TV” spoke about the course of Greek exports and expressed his optimism despite the small drop. “Exports dropped…

Monday, 13 May 2024

Mitsotakis, Erdogan agree to focus on positive agenda; disagree on Hamas

Today we showed that next to our disagreements we can also write a parallel page with our agreements, Greek Prime Minister Kyriakos Mitsotakis said after meeting with Turkish President Recep…

E-fuels open plethora of new jobs in shipping

A new report by the Global Maritime Forum (GMF), conducted by engineering and sustainability consultancy company Arup, highlights that achieving the target will require large quantities of scalable zero-emission fuels,…

Banks under pressure due to low credit growth

Banks’ profitability may be moving higher but banking institutions are not functioning as they should, at least in terms of credit expansion, which is one of the core operations that…

Costamare: Revenue jump by 89% in the first quarter

Costamare announced a significant increase in revenue by 89% or 221.4 million dollars in the first quarter of 2024. The US-listed ship owner and operator of bulkers and boxships saw…