Viking Jupiter Met with Minor Accident at Piraeus Port
Piraeus Port Authority S.A welcomed newly built cruise ship of Norwegian Viking Ocean Cruises' Viking Jupiter and handed an honorary plaque to the Cruise Director Mark Andrew Brignone and books for the ship's library.However, the Norwegian cruiser got into a minor accident while docking at a pier in the port.According to media reports, the cruiser with 607 passengers and 483 crew members on board was at the process of arrival when it crashed with the right side due to the stormy winds.Stormy winds were the cause of the cruise accident…
Piraeus Port Signs MoU with Italian Ports
The Greek port of Piraeus signed a memorandum of understanding (MoU) with Italy’s port authorities from the cities of Venice and Chioggia.The agreement seeks to develop port services and promote increased trade flow between Europe, the Mediterranean and the Far East.The MoU was signed during a meeting between the chairman and CEO of Piraeus port Fu Chengqiu and the president of the Northern Adriatic Sea Port Authority (Venice and Chioggia) Pino Musolino.The MoU envisages cooperation in improving the exchange of best practices and knowhow in port management…
Ports of Rotterdam, Le Havre, Piraeus Renew Environmental Standard
The European Sea Ports Organisation (ESPO) congratulates Port of Rotterdam (Netherlands), Port of Le Havre (France) and Port of Piraeus (Greece) for renewing EcoPorts’ environmental management standard (PERS). Isabelle Ryckbost, ESPO’s Secretary General, Eamonn O’Reilly, ESPO’s Chairman, and Sotiris Raptis, EcoPorts coordinator, handed over the PERS certificates to the ports’ representatives during the annual ESPO Conference in Rotterdam. “I would like to congratulate the three ports for obtaining once more the environmental standard of EcoPorts (PERS).
PPA Presents Proposals for Piraeus Port Master Plan
The Piraeus Port Authority (PPA) has presented its proposals for the master plan for the development of Greece's largest port of Piraeus under “Master Plan of the Port of Piraeus". The compilation of the Master Plan for the development and operation of the Piraeus Port was made according to: (i) all the Laws and regulations of general implementation, together with all the existing applicable regulatory rules, (ii) the methodology and specifications quoted in the “Specifications of Master Plan” document…
Port of Piraeus Profit Up by 92%
The Piraeus Port Authority S.A. (PPA) 2017 financial report revealed profits before tax amounted to €21.2 million ($26.19 mln) compared to €11.0 million ($13.59 mln) in the year 2016, showing an increase of 92 percent. Turnover amounted to €111.5 million compared to €103.5 million in the corresponding period of 2016, showing an increase of 7.7 percent. The operations at the container terminal showed significant increase in revenue by € 7million (53.1 percent), where container throughput increased by 70.6 percent…
EU Suspects Tax Fraud at China's New Gateway to Europe
European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece’s largest port of Piraeus, a trade gateway between China and Europe, officials said.“The VAT is completely evaded, with enormous damage to the national tax authorities and to the community,” Fabio Botto, of the Italian Central Anti-fraud Office’s special investigative unit, said in an interview.He said the suspected scam at Piraeus, part of China’s vast Belt and Road infrastructure project…
Cosco Pacific among Others to Bid for Greek Rail
Tender for the Greek rail service company Trainose, steams ahead with three potential suitors, say local media. Besides Hong Kong-listed Cosco Pacific, which is certain to participate, the tender has seen the return of Russian Railways, while there is interest from Italy’s Trenitalia for the first time. Cosco Pacific is being hotly tipped to clinch the bid for Greece’s state-owned rail operator just weeks after winning control of the nation’s largest port of Piraeus, a top Mediterranean container hub.
China's Acquisition of Piraeus Port a Booster for Greek Economy?
Greece has formally signed an agreement to sell a 67% stake in the Port of Piraeus to Chinese shipping company China Cosco Holding Co. Under the deal, COSCO, the fourth-largest container shipping firm and second-largest port operator in the world, will pay the cash-strapped country 368.5 million euros (418.8 million U.S. dollars), and also promises to invest another 350 million euros (398.9 million dollars) over the next decade in infrastructure work at the port. In five years of operation…
Can Greece Become Global Maritime Capital ?
The Greek shipping community is confident that Greece can be a maritime center in near term, said a research report. A study -‘repositioning Greece as a global maritime capital' - conducted by Ernest & Young in cooperation with Aegean University professor Thanos Pallis said that Greece, especially the port of Piraeus, is viewed as future competitors of Asia’s aggressive shipping hubs in the coming decade. The study gauging the views and forecasts of 779 Greek shipping executives revealed that the most attractive and comprehensive framework among shipping hubs or “clusters” today is Piraeus…
MacGregor's Greek Service Center sees a Boom
MacGregor, part of Cargotec, continues to serve the busy Greek shipping industry from its new, larger premises at Akti Miaouli, which is in the heart of the Greek port of Piraeus. "We serve 1,500 Greek-owned vessels annually and handle over 4,000 customer requests for spare parts and services around the world," says Athena Kanellatou, Managing Director of MacGregor Greece. MacGregor has enjoyed a presence in the city for almost half of a century and mid February this year, after 20 years' in the same location, MacGregor moved its Piraeus office to be even closer to its customers.
Helengi Unveils LNG Bunkering Vessel
Greece's LNG engineering solutions provider, Helengi has revealed its LNG bunker feeder vessel Amaltheia during the recent Posidonia exhibition held in Athens. "A state of the art vessel is the result of years of intensive engineering studies and it is the first time that Greek companies undertake such a demanding and complex design on this special type of vessel. Both Helengi and NAP Engineering teams display extensive expertise in Marine Engineering and LNG marine applications with wide international experience in the sector," says a statement from the company.
COSCO's Vessel Departs Greece for Inaugural Transit through Extended Panama
The container vessel COSCO Shipping Panama set sail from the Greek Port of Piraeus today on its way to Panama to make history. The Neopanamax vessel will make the inaugural transit of the Expanded Panama Canal on Sunday, June 26, after a 14-day journey. Panama Canal Administrator Jorge L. Quijano met with COSCO Shipping Panama’s Captain Jude Rodrigues and crew members prior to the ship’s departure. “I am very excited to be here today to witness the sailing of the ship from Greece, but also meet the Captain and his crew,” said Administrator Quijano.
The Historical Passage of Cosco Shipping Panama
The Chinese giant Cosco Shipping has made the inaugural transit on Sunday June 26, 2016 through the expanded Panama Canal expansion project , event appreciated by thousands of people in Agua Clara lock province of Colon. Spectators watch as the Neopanamax cargo ship, Cosco Shipping Panama, makes its way through the new Agua Clara locks, part of the Panama Canal expansion project, near the port city of Colon, Panama. The container vessel had set sail from the Greek Port of Piraeus today on its way to Panama to make history.
Greece Pin Great Hopes on COSCO-Piraeus Port
Greece’s deal with Chinese shipping giant COSCO is “helping the country stand on its feet,” Greek Prime Minister Alexis Tsipras said. “We are sending a strong message to the international markets that Greece is decisively entering a new phase,” Tsipras said. According to a report in Xinhua, China and Greece have great hopes for Piraeus port, as attested to by the meeting of Chinese Premier Li Keqiang and his Greek counterpart Alexis Tsipras on Monday. Li met with Tsipras in Beijing on Monday afternoon, with much of their meeting focused on Piraeus.
Chinese to Acquire Greek Port as Gateway to Europe
China's state-owned shipper China Ocean Shipping (Group), also known as Cosco Group and owned by China COSCO Holdings, is on track to acquire Greece's largest container port, gaining a key foothold to expand China's economic and military presence in Europe and Africa under the "One Belt, One Road" trade route initiative. There were no other bidders, which suggests that China’s strategic aims of using the Greek port of Piraeus as getaway to Europe is one step closer to realization.
ISS Honored by Port of Piraeus
Inchcape Shipping Services (ISS) Greece was honored by the Port of Piraeus Chairman and CEO, Yiorgos Anomeritis for the company’s contribution to the port’s development and its dedicated service to the Greek cruise industry. During the inauguration of the Regal Princess, the newest Princess Cruise fleet vessel, into the Port of Piraeus, Christos Makrialeas, ISS Greece Managing Director, was awarded with a commemorative plaque from Anomeritis. Makrialeas thanked Anomeritis for his gesture…
ISS Honored for Services to the Port of Piraeus
Inchcape Shipping Services (ISS) Greece was honored by the Chairman and CEO of the Port of Piraeus, Yiorgos Anomeritis, on Monday, June 23, 2014, for the company’s contribution to the development of the port and for its dedicated service to the Greek cruise industry. During a ceremony to mark the inaugural call into the Port of Piraeus on board the Regal Princess, the newest vessel of the Princess Cruise fleet, and under the agency of ISS, Christos Makrialeas, Managing Director of ISS Greece…
China-Greece Port Collaboration Applauded
Greek President Karolos saw successful cooperation with COSCO in the Port of Piraeus as a pointer towards further bilateral collaboration. The Greek president voiced his thoughts during a visit to the Chinese company's Piraeus Container Terminal (PCT) in Athens reports China Daily. Papoulias expressed confidence that with COSCO's success and following Greek Prime Minister Antonis Samaras' official visit to China two weeks ago, more Chinese companies will come to invest in Greece.
Greece to Privatize Piraeus Port
Greece will proceed with the sale of stakes in strategic assets such as the port of Piraeus, says a report in Bloomberg. The Hellenic Republic Asset Development Fund, which sells real estate, infrastructure and other government holdings, is sending a revised tender offer to investors, including China Cosco Holding Co, to solicit bids for a stake in the Piraeus Port Authority SA. Under the new terms of the port tender, investors will be invited to purchase a 51 percent stake in the manager of Greece’s largest port…
Aquarius MAS + Solar Ready for Commercial Use
As a result of the recent successful completion of sea trials on-board the high speed car and passenger ferry, Blue Star Delos, Eco Marine Power (EMP) has now cleared the Aquarius MAS + Solar and Aquarius Marine Solar Power solutions for commercial release. During two days of testing and evaluation on the 17th and 19th May, 2015, the performance of the Aquarius MAS + Solar trial system on-board Delos was assessed by both EMP and Blue Star Ferries technical personnel as part of the Blue Star Delos Renewable Energy Innovation Project.
Maersk Eyes Greek Ports
APM Terminals, part of A.P. Moller-Maersk, said it is interested in buying into the Greek ports Piraeus and Thessaloniki, slated for privatization if a new bailout deal is agreed between Athens and the European Union, reports Reuters. Maersk will participate in the bidding process for two of the largest Greek ports – Piraeus and Thessaloniki – after the country’s Prime Minister Alexis Tsipras brought the sale of the ports on the table in today’s bailout proposal, Bloomberg reports.
Inchcape Shipping Celebrates 25th Anniversary of ISS Greece
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has this month celebrated the 25th anniversary of its operations in Greece by hosting its annual senior management conference in Athens, close to the company’s Greek head office in the Port of Piraeus. Over 170 ISS employees, including the entire senior management team, congregated to enjoy three days of strategic development activity, events, networking and customer engagement. The packed three day agenda featured a number of highlights including the announcement of the ISS Employee of the Year 2014…
“Intra-Mediterranean Container Trades” Update
Dynamar has published “INTRA-MEDITERRANEAN CONTAINER TRADES”, the latest report in its Container Trades and Markets series. Salient details and interesting findings of the new report are discussed here below. Intra-Mediterranean (2014) Container Trades is all about the 170 services operated by 40 different shipping companies deploying 275 container, Ro/Ro and multipurpose ships with container capacities of 400 to 3,000 TEU that populate the intra and coastal all Mediterranean waters.
Port of Piraeus Privatisation Delayed
The Greek government plans to delay the privatization process for its largest Port, Piraeus, by a few weeks due to delays caused by the September 20 election to the works of the ministries involved in the procedure, reports Reuters. The successful investor was previously expected to be announced by the end of September or in early October. “We will fall behind by about 20 days because the concession agreement that the shipping and finance ministries have to sign is causing a short delay,” an official said.
Stiff Competition for Cosco Pacific in Mediterranean
Although Cosco Pacific, the Hong Kong-listed subsidiary of China’s biggest shipping company China Cosc, is expanding in the Mediterranean area after taking part in the acquisition of port in neighbouring Turkey, it faces stiff competition, reports SCMP. Cosco Pacific is investing in Turkish ports after forming a joint venture with China Merchants Holdings International (CMHI) and CIC Capital for the acquisition of equity interests in Fina Liman and Kumport. Its subsidiary Piraeus Container Terminal S.A., which operates Piers II and III at the Port of Piraeus, Greece’s largest port.
Evergreen to Launch GTM Feeder Service
Evergreen Line to launch a new container ship feeder service linking Greece, Turkey & Malta (GTM). In addition to meeting regional transportation requirements, the GTM service will connect to Evergreen Line's global service network via the port of Piraeus in Greece. The 600 TEU container ship Kirsten will service the intra-Mediterranean service. GTM service will also further enhance transhipment connection to Thessaloniki. In addition, the feeder loop adds a direct call to Gebze and offers a convenient transportation link for the neighboring Izmit industrial area.