CRUISE COMPANIES REJIG PROGRAMMES IN WAKE OF TURKISH COUP
The failed coup by Turkish army officers seems to have had little impact on shipping generally, it has left a mark on the cruising sector with Eastern Med cruise programmes having to be rejigged.
SHORTSEA OWNERS CALL FOR NEW BODY TO CO-ORDINATE SECTOR
Greece's short sea sector has proposed the establishment of a public authority that will secure refund guarantees from Greek shipyards in case of inability to do so on their own.
BANKS LESS IMPORTANT AS SHIPPING TURNS TO NON-BANK EQUITY
There is clear evidence private equity funds, backed by shipowner funding is playing a bigger part in the expansion of the world fleet reveals the latest survey by Petrofin Research.
CAPITAL ACCEPTS THREE-YEAR 20% RATE CUT ON FIVE HMM BOXSHIPS
Marinakis-backed Capital Product Partners has agreed to take a temporary rate cut of 20% on five container ships chartered to troubled Hyundai Merchant Marine, but will get compensation.
HUMAN CAPITAL HAS BECOME GREECE'S TOP EXPORT
Human capital has become Greece's number one export, with roughly 350,000 Greeks, mostly highly educated, estimated to have moved abroad since 2008 according to a ‘high-impact’ report.
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