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Greek Shipping News

4 May, 2015

ATHENS WITH NO CHOICE BUT TO MOVE PORT SELL-OFF FORWARD
The Greek government has admitted the privatisation process for the Piraeus Port will move forward. Alternate Shipping minister, Thodoris Dritsas said "there are pressing conditions that no one can ignore".

COSTAMARE REPORTS BOX MARKET SHOWS 'POSITIVE MOMENTUM'
Container ship owner Costamare recorded a profit of $26.28m for the three months to the close of March 2015 and reports the container ship market is showing "positive momentum".

GREEK OPERATOR WARMS TO THAWING  US / CUBA  RELATIONS
Alexander Panagopulos-led United Caribbean Lines is among companies applying for a licence to restart ferry services between the US and Cuba stopped by Cuban missile crisis over 50 years ago.

CONTAINER SHIP OWNER DANAOS IS ON THE UP ACROSS THE BOARD
NYSE-listed container ship owner Danaos post impressive first-quarter profit on the back of better panamax rates and reduced finance costs. Strike congestion on the US west coast also helps.

EU UPGRADES MED SAR BUT SHIPPING INSISTS MORE IS NEEDED
Four days after up to 900 people drowned trying to reach Europe from Libya, EU leaders triple its naval search mission in the Med to $130m, a step in the right direction but not enough says shipping.

 

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