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Greek Shipping News

18 May, 2015

TRADITIONAL SHIP FINANCE TO GREEKS AT $64BN IS AGAIN RISING
Traditional bank financing to Greek shipping is again on the rise. In 2014 Greek ship finance showed a y-o-y increase of 4.1%, the first rise since 2009 to stand $64.019bn January 1, 2015 months.

PIRAEUS PORT PRIVATISATION BACK ON AS NEW BIDS ARE CALLED
Three of the world's largest port operators have been asked by the Greek government to submit binding bids by September for a majority stake in the country's biggest port, Piraeus.

MINOAN TURNS IN FIRST OPENING QUARTER PROFIT SINCE LISTING
Improving market conditions for Greece's ferry operators are reflected in the latest results for Minoan Lines, which reports a first quarter profit  "for the first time since being listed on the Athex” in 1998.

SEKIMIZU URGES A CLEAR ROADMAP FOR BWM ENFORCEMENT
Imo secretary general Koji Sekimizu, tells MEPC 68: “The disappointingly slow pace of ratifications of the Ballast Water Management Convention continues to concern me deeply.”

DIANA SEALS  50 / 50 JV DEAL WITH WILHELMSEN SHIPS MANAGEMENT
Diana Shipping enters management 50/50 jv with Wilhelmsen called Diana Wilhelmsen Management to be based in Cyprus. DWM will initially manage Diana's 40 bulkers but third party clients seen. 


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Posidonia is organised under the auspices of the Greek shipping community and the five major associations representing Greek shipowner interests: