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Greek Shipping News

28 July, 2014

PEACE RETURNS TO PIRAEUS AS EURO 250M INVESTMENT GETS NOD
Peace has returned to the Cosco-run Piraeus container terminals II and III as EC okays revision of agreement between Cosco and PPA opening the way to a massive boost for business activities of Piraeus.

CAPITAL PRODUCT IN $312M DEAL TO BUY NEWBUILDS FROM SPONSOR
In a $312m deal Nasdaq-listed Capital Product Partners has purchased five newbuildings from sponsor, Capital Maritime & Trading. Three container ships and two products tankers are involved. ]

COSTAMARE LIFTS REVENUES, BUT NET PROFIT DIPS IN QUARTER
NYSE-listed container ship owner Costamare reports $27.4m profit  for second quarter, off from the $30.6m a year ago. Net income for the first half of 2014 was $55.3m, up from $41.5m y-o-y.

GREECE SEEKS EU FUNDS IN BATTLE TO MONITOR SEABORDERS
Ministers Varvitsiotis and Kikilias, have renewed Greece's call on the EU to provide additional funding to enable Greece to adequately monitor the bloc’s SE flank against a relentless influx of immigrants.

EUROS 39BN CRUISE INDUSTRY PRESENTS MANIFESTO
In today's fast-changing world, the cruise industry continues to make a positive difference by generating economic opportunities. In Europe, cruising is a source of jobs and income, says CLIA Europe.

 

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