China, Greece Agree to Push Ahead with COSCO’s Piraeus Port Investment

ATHENS, Nov 11 (Reuters) - China and Greece agreed on Monday to push ahead with a 600 million euros investment by COSCO Shipping into Greece's largest port, Piraeus, as part of efforts to boost its role as a hub in rapidly growing trade between Asia and Europe. The agreement, part of 16 trade deals signed between Greece and China, came during an official visit by Chinese … [Read more...]

Greek Shipowners Agree to Pay 75 Million Euros Annually to State

ATHENS, Feb 27 (Reuters) - Greek shipowners will pay at least 75 million euros ($85.37 million) annually to the state budget, the prime minister's office said on Wednesday, under a deal that replaces a previous voluntary arrangement. The sum is equivalent to a 10 percent levy on dividends, according to a statement by Prime Minister Alexis Tsipras's office. Along with … [Read more...]

Greece Seizes $113 Million Worth of Drugs from Libya-Bound Ship

ATHENS, Dec 14 (Reuters) - Greece has seized drugs worth more than 100 million euros ($113 million) after intercepting a Syrian ship sailing for Libya, the coast guard said on Friday. Officials found about six tonnes of processed cannabis and 3 million super-strength "Captagon" amphetamine pills hidden aboard the Syrian-flagged "Noka," it said in a statement. The … [Read more...]

Piraeus Port Urges Greece to Speed Up Investment Plan Approval

By George Georgiopoulos ATHENS, Oct 19 (Reuters) - Piraeus Port Authority (PPA), operator of Greece's largest port, wants the Greek government to speed up the approval of an investment plan that aims to attract more business to one of Europe's largest harbours, executives said on Friday. PPA, majority owned by China's COSCO Shipping , is awaiting the green light from … [Read more...]

Greek Seamen End Strike After Reaching Deal on Wage Increase

ATHENS, Sept 4 (Reuters) - Greek seamen on Tuesday called off a strike that had kept ferries and passengers stranded in ports around the country, after reaching a deal with employers on a wage increase. The strike, which started at 0600 (0300 GMT) on Monday, was led by the PNO seamen's federation and other unions including dockers and merchant marine engineers. The PNO … [Read more...]