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Friday, 12 April 2024

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…

PPC concludes Kotsovolos’ acquisition

PPC announced that it has concluded the acquisition of Kotsovolos by Currys plc, accelerating its transformation into an integrated provider of products and services in the retail market. The acquisition…

LOT Polish Airlines resumes Athens-Warsaw direct flights

LOT Polish Airlines announced that it would reinstate direct flights from Athens to Warsaw as of Thursday, April 11. Flights will depart from Warsaw daily at 14:10. During the summer…

Travlou at Delphi Economic Forum IX: Shipping is a co-shaper of our history

Melina Travlou, President of the Union of Greek Shipowners, institutionally representing the leading branch of the national economy, Greek shipping, made a call “for a common navigation plan” that the…

Greek shipyards: The great return

Greece’s rejuvenated shipbuilding industry will feature at Posidonia 2024, signaling a strong recovery after decades of decline and abandonment. The renaissance of the sector takes shape after the completion of…

Wednesday, 10 April 2024

Iktinos aiming at a turnover of 32 million euros in 2024

According to the company’s business plan, the goal is for the turnover to reach 32 million euros in 2024, and already in the first quarter of the current financial year,…

Energean: Confirmatory drilling for natural gas in Morocco in Q3

Energean’s confirmatory drilling in the natural gas field offshore Morocco in the Atlantic has been planned for the third quarter of the year, based on the lease agreement of the…

Manousakis (IPTO): Israel asking the acceleration of the interconnection with Cyprus

The Israeli authorities have asked Greece’s Independent Power Transmission Operator (IPTO) and the Cypriot competent authorities to speed up the procedures for the implementation of the Great Sea Interconnector project,…

Zelensky at Delphi Economic Forum IX: Russia must be isolated

Russian aggression does not concern only Ukraine, but also the West and the democratic world. This was the message that the Ukrainian president, Volodymyr Zelensky, sent on Wednesday from the…

Delphi Economic Forum IX: Focus on “The Great Transition”

The Delphi Economic Forum IX will be held from Wednesday, April 10, to Saturday, April 13, 2024. The President of the Republic, Katerina Sakellaropoulou, will open the proceedings of the…

Hatzidakis-Gentiloni: Moving forward with optimism due to seriousness and credibility

Finance Minister Kostis Hatzidakis met European Economic Commissioner Paolo Gentiloni on Tuesday. During the meeting, the new framework of fiscal rules, the course of implementation of the Recovery and Resilience…

Vafias’ fleet at 6 million dwt

The three companies of the Vafias Group – Stealthgas, Imperial Petroleum and C3is – that are listed on the US stock exchange closed the year with revenues of 360 million…

Two Thenamaris tankers at Skaramangas shipyards

The Skaramanga shipyards are in full operation. During the first month of operation of the unit, a total of 10 commercial ships have ‘entered’ the shipyards. In fact, in the…

IPTO: Israel shows strong interest in Great Sea Interconnector

A meeting with a delegation of the Israeli Energy Ministry, the Regulatory Authority as well as the country’s Administrator, was held in Cyprus by the administration of IPTO under the…

TIF reconstruction to be announced over the next days

The reconstruction of the Thessaloniki International Fair (TIF) is expected to start in the next few days, the president of TIF-Helexpo SA, Tasos Tzikas, stated. According to “Naftemporiki” sources, a…

Tuesday, 09 April 2024

Mitsotakis aims to render Greece the best tourist destination in the world

Prime Minister Kyriakos Mitsotakis expressed his ambition to make Greece “the best tourist destination in the world in a 10-year period” during a discussion with Luis Araujo, president of the…

Mobility for ‘green’ investments in coastal shipping

The Ministry of Maritime Affairs and Insular Policy is conducting studies in order to secure the necessary funds for green investments in an effort to make use of more EU…

ElvalHalcor: Successful capital management, lower net borrowing

ElvalHalcor is focusing on achieving the maximum return on the investments it has made so far to strengthen its production in 2024. Meanwhile, the management will propose the distribution of…

Foreign investment: 2.133 billion euros for the purchase of real estate

According to Bank of Greece (BoG), the net receipts for the purchase of real estate from foreign nationals are still high as a percentage of all investments (42.5%) and exceed…

Sea Europe το «Naftemporiki»: Return to the construction of large commercial ships by 2050

The European shipbuilding industry is preparing investments of up to 10 billion euros in order to meet the ambitious goal to supply shipping markets with 10,000 ships by 2035 and…

IPTO: The benefits of Greece-Cyprus-Israel electrical interconnection

The “Great Sea Interconnector”, implemented by the Independent Power Transmission Operator (IPTO), will significantly benefit Cyprus, as it will offer increased energy security, a “greener” mix of electricity generation and…