THE RIGHT FRAMEWORK LEADS TO THE RIGHT RESULTS
Greece's presidency of the EU provides the opportunity to put shipping on the EU agenda and demonstrate what Greeks are capable of “ with the right framework," says minister, Varvitsiotis.
RBS MARINE RELATED IMPAIRMENTS QUADRUPLED IN 2013 TO $567M
RBS has revealed a steep increase in shipping-related impairment losses. According to the UK state-owned bank provisions totalled £341m ($567.28m) in 2013, more than four times the £82m in 2012.
STORMY START TO PIRAEUS PORT PRIVATISATION PROCESS
Dockers across Greece held work stoppages and a mass rally outside parliament, to protest the decision taken by government and state privatization fund to sell stakes in Piraeus Port.
TRIPLE TAX TO STAY, BUT NOT PAST 2016, VOWS VARVITSIOTIS
Shipping minister, Miltiadis Varvitsiotis has told the Union of Greek Shipowners there will be no changes to the compulsory contribution of the Greek shipping industry, but puts three year life on measure.
PRIVATE EQUITY SHOWS INTEREST IN SHIPS ... FOR THE PRESENT
The ship finance landscape is changing as it becomes less traditional with PE filling a gapping hole, at least for the present. That was the clear message to come out of Greek Shipping Forum.