CRUCIAL REFORMS PAVE WAY FOR NEGOTIATIONS ON EURO 86BN EU PACKAGE
Greece has taken a crucial step towards a bailout after its parliament passed a second set of legal reforms opening the way to negotiations on an Euro 86bn EU bailout, Tax issues yet to be tackled.
POSEIDON CONTAINERS SHOOTS FOR $283M IN NEW YORK IPO
Technomar Shipping-backed container ship owner Poseidon Containers Holdings is looking to raise $283m from a planned IPO on the New York Stock Exchange.
SHIPPING OVERLORDS KEEP THEIR JOBS IN CABINET RESHUFFLE
In what turned out to be a relatively minor reshuffle the ministers in charge of shipping have kept their portfolio with Economy minister Stathakis and Shipping minister Dritsas still at the cabinet table.
SHIP ORDERING FALLS TO LOWEST LEVEL IN 15 YEARS, LED BY GREEKS
Pace of ordering new ships slowed in the first half 2015 with just under 500 ships reported contracted – the lowest number of orders in the first half of the year since 1999, notes Clarksons Research.
SCORPIO SELLS 16% STAKE IN DORIAN LPG FOR $147M IN TWO DEALS
The positive working relationship between John Hadjipateras-led Dorian LPG and Scorpio Tankers has come to an end with NYSE-listed Scorpio selling its 16% stake in Dorian for $147m in two deals.
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Posidonia is organised under the auspices of the Greek shipping community and the five major associations representing Greek shipowner interests: