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Wednesday, 17 April 2024

Shipping warned of increasing risks as governments struggle to contain multiplied threats

War risk insurers are struggling to calculate exposure at any given moment in certain volatile areas. ‘It’s not the same thing to write war risks in times of peace compared…

Travlou-Our Ocean 2024: The sea is our home. We honor it and protect it

The President of the Union of Greek Shipowners, Melina Travlou, welcomed the start of the proceedings of the international conference “Our Ocean 2024”. Travlou, institutionally representing the world’s shipping leader…

Xenokostas outlines the development course of the ONEX Shipyards

The development course of the ONEX Shipyards (Syros and Elefsis) over the last five years, the national success of the regeneration of the sector, which was considered by many to…

Samir Saran to “Naftemporiki”: Greece to become part of IMEC corridor between India and EU

“Greece has to become part of the IMEC corridor between India and Europe,” said Samir Saran, President of the Observer Research Foundation (ORF), India’s premier think tank, headquartered in New…

Mixed signals from the consumption sector

The evolution of private consumption is a decisive factor for the performance of the Greek economy in 2024, as it has historically represented about 2/3 of the country’s Gross Domestic…

5+3 “golden” deals in Energy

The energy sector is playing a leading role in market developments this year, supporting valuations and increasing the international impact of Greek listed companies. The recent deal between PPC and…

Greece’s position as a shipping centre is confirmed

The Greek shipping sector is expanding year by year, now reaching the highest level of at least the last decade, both in the number of shipping offices and ship management…

8th Naftemporiki Shipping Conference: Critical decisions

“Critical decisions” is the title of the 8th Shipping Conference to be held by Naftemporiki on Wednesday, May 15, at the Stone Warehouse of the Piraeus Port Authority (PPA). Important…

Monday, 15 April 2024

Strong footprint of the shipping cluster in Greece

The strategic importance of Greece’s maritime cluster is highlighted in the Bank of Greece’s (BoG) annual report. The Greek-owned fleet represents almost 1/6 of the world’s tonnage and a large…

Stylianidis: Making the best use of EU funds for the “green” transition of shipping

«The green transition of shipping is a very large program with great costs for the entire industry and anyone who believes that it can be done painlessly and without significant…

Thessaloniki Port welcomes largest containership in its history

This is Apl Detroit (built in 2014 with Singapore flag), 328.2 meters long and with a capacity of 9,326 TEUs, i.e. almost 40% more than what had been recorded to…

Fitch to “Naftemporiki”: How and when will Greece reach the EU in terms of GDP per capita, investment

Greece is growing, but it is still lagging behind its European partners in terms of investment and income. More specifically, although the economy is currently growing at rates clearly faster…

A hot fiscal summer is shaping up – Key dates

The new fiscal rules are expected to be determined by the plenary session of the European Parliament on April 23, just a few days before it stops its work ahead…

Tourism: Direct contribution to the economy stands at 28.5 billion euros

The footprint of the tourism industry in the Greek economy is growing, according to the INSETE study, which shows that the direct contribution of tourism jumped to 28.5 billion euros…

Athanasiou (Lamda Development): One of the first smart cities in the world

The urban regeneration of Ellinikon, which is in full progress, but also the factors that drive the development course of the real estate market in Greece were highlighted by the…

The government is mulling new measures against high prices

Food prices kept inflation at high levels in March forcing the government and especially the development ministry to accelerate the planning and activation of the next price containment measures. As…

Greece can play a leading role in raw materials market

The intention of the Ministry of Environment and Energy to overcome bureaucracy in licensing in the mining industry was expressed by the Deputy Minister of Environment and Energy, Alexandra Sdoukou,…

Friday, 12 April 2024

Papalexopoulos (SEV) at Delphi Economic Forum: Confidence in Greece has been restored, but we must move quickly

The absence of the issue of competitiveness from the debate held ahead of the European elections was pointed out by the president of the Hellenic Federation of Enterprises (SEV), Dimitris…

Nova’s sale seen in the summer

The sale of Nova is at an early stage. Meanwhile, the company is continuing its investment program. According to sources, the head of BC Partners, Nikos Stathopoulos, informed the executives…

PPC-Mytilineos: Strategic deal for RES projects, worth 2 billion euros

PPC Group and MYTILINEOS Energy & Metals signed a three-year strategic cooperation agreement for the development of a portfolio of 90 energy projects up to 2,000MW, in four countries. More…

Stylianidis: Decarbonization of shipping dominates his visit to Oslo

The challenges and opportunities related to decarbonization and the “green transition of shipping” dominated the talks held among Minister of Maritime Affairs and Island Policy, Christos Stylianidis, government officials and…

Vernicos Scafi Tugs and Salvage Maritime Co.: Strengthening its fleet with a second newly built tug

Vernicos Scafi Tugs and Salvage Maritime Co. will strengthen its fleet with a second newly built tug. The tug, which will be built by Med Marine at the Turkish Eregli…

Patelis at the Delphi Economic Forum: Investments needed

Greece’s great opportunities, comparative advantages and emblematic reforms were highlighted by the prime minister’s economic adviser, Alexis Patelis, at the 9th Delphi Economic Forum. Patelis cited the latest figures from…

Shiamishis (Helleniq Energy) stresses importance of realism in green transition

“The green transition is necessary, and it will become a reality. What we need is a realistic plan that will take into account costs, security of supply, environmental footprint and…

Thursday, 11 April 2024

1 in 5 new ships use alternative fuels

The shipbuilding program of Greek shipowners is constantly growing. According to data from the shipping brokerage company Xclusiv Shipbrokers, one in five ships under construction by Greek shipowners is powered…

Investing in fiber optic networks ahead of PPC’s entry into telecoms

As its management noted following the release of 2023 financial results, the capital expenditures (CAPEX) for its entry into telecommunications reached approximately 25.8 million euros last year. This year, an…

Delphi Economic Forum IX: Alarm over the future of water

The need to take measures to protect water in Greece was underlined during the  Delphi Economic Forum IX. “Greece the only European country that increases water consumption” “Greece is the…

Laimos at Delphi Economic Forum IX: Athens is the Silicon Valley of shipping

“Athens is the Silicon Valley of shipping,” Antonis Laimos, Vice-President of the Union of Greek Shipowners and President of Enesel, said in a dialogue with the editor of Lloyd’s List…

Skrekas to “Naftemporiki”: Measures against high prices have started to pay off

“The successive decline in food inflation from 8.3% in January to 6.7% in February and to 5.3% in March is undoubtedly a positive development and shows that the drastic measures…

Greece’s shipbuilding industry sets the bar high in 2024

The Greek shipbuilding industry is setting the bar high for 2024. According to the estimates of “Naftemporiki”, more than 500 commercial ships of all types carried out repairs in the…