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Greek Shipping News

30 March, 2015

EC ORDERS COSCO TO REPAY 'UNFAIR AID BENEFITS' TO PIRAEUS
EC has ruled fiscal benefits granted by Greece to port operator PCT and parent, Cosco Pacific, provided an undue financial advantage over their competitors and must be repaid

STATE WARNED IT MUST PAY-UP TO KEEP FERRY NETWORK SAILING
Much of Greece's domestic ferry network is likely to grind to a halt in the coming days unless the state comes up with money due to operators of subsidised routes to meet seafarers back pay demands

DORIAN, MOL MOVE UNION FORWARD TO ACTIVATE  ECO  VLGC  POOL
Dorian LPG confirms launching of a pool dedicated to the very large gas carrier segment, taking forward the alliance the NYSE-listed company has with Japanese conglomerate MOL

DISMISSAL OF RESTIS' UANI SUIT  'HARSH SANCTION' SAYS JUDGE
Shipowner Victor Restis’ US lawsuit against United Against Nuclear Iran has been dismissed by the US government through its right to veto under the State Secrets Act. Piraeus libel suit still pending

CREWMAN DIES IN SHIPYARD FIRE ON HIG-SPEED CAT UNDER REPAIR
Hellenic Coast Guard has recovered the burnt body of a crewman on a Hellenic Seaways high-speed ferry following a blaze on the catamaran while docked in a shipyard in Drapetsona, west of Piraeus

GREEK OWNERS KEEN ON BULKERS, BUT BANKERS BACKING TANKERS
In a clear reflection of their view of the market, banks are more inclined to finance the acquisition of tankers, but Greek shipowners renowned for reading the market, go for dry bulk carriers

CHEAP OIL, RESTRAINED VESSEL SUPPLY REASSURING, SAYS TEN
TEN achieved a profit for 2014 of $35.5m a $75m rebound on 2013. "Market fundamentals including the low cost of oil and the negative fleet growth is reassuring” said president and ceo Nikolas Tsakos

ONASSIS TIES DOWN $240M  VLCC  CONVERSION PLAY
Onassis Group has now acquired three modern former TMT combined ore and oil carriers for conversion into straight VLCCs for an investment estimated to be around $240m

INVESTIGATORS MAKE LITTLE HEADWAY ON DEADLY FERRY BLAZE
Italian investigators looking into the deadly blaze on the Anek Lines' operated ro-pax Norman Atlantic, December last year, seek expert help to recover evidence almost entirely destroyed in fire

 

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