ARMED GUARDS ON BOARD BILL TABLED IN PARLIAMENT
The draft bill allowing armed guards on Greek flagged ships transiting pirate infested waters was adopted at cabinet, February 14, chaired by Prime minister Lucas Papademos and is set to go to parliament.
FORCED RESIGNATION OF GEORGIADIS AGAIN FINDS SHIPPING IN LIMBO
The forced resignation of the deputy shipping minister, Adonis Georgiadis, not only leaves Greece without a standalone Marine ministry but without a dedicated minister at a crucial time for shipping.
AN EXPANDING SAFE BULKERS CONTINUES TO COVER ALL BASES
Safe Bulkers performed solidly in 2011 and anticipates continuing the trend of growing its revenues and fleet saying its "financial position is supported by our strong charter coverage and fleet expansion".
PPA SHARE TRANSFER AS PRIVATISATION PROGRAMME STUMBLES
Though the programme to privatise state assets worth Euro 50bn by 2015 is beset by obstacles, the Port of Piraeus Authority has transferred 5.775m shares to Hellenic Asset Development Fund.
MINOAN TURNS TO THE GOVERNMENT IN BATLLE OF CRETE
The government or EU will have the final say as to whether or not the Grimaldi-controlled Minoan Lines can put vessels on the Piraeus - Chania, Crete line, in competition to arch rival Anek Lines.