Turkish Investors Eye Greek Ferry Companies



xiosJust as Greek seamen were ordered back to work after a six-day strike and the government is reconfiguring how many workers are needed on ships, Turkish investors are reportedly interested in Greek ferry companies and launching new routes from Turkey to the Aegean.

According to Capital.gr, it’s only a matter of time until the announcement of the deals with smaller Greek companies. “The investors right now are eyeing medium and small Greek businesses” a source who declined to be named

There are regular ferryboat connections from Greek Islands to ports of Turkey. From Rhodes Island to to Marmaras and Bodrum, from Samos and Kos to Kusadasi, From Chios to Cesme and from Lesvos to Foca (Izmir).

In January, the European Bank for Reconstruction and Development (EBRD) said that is considering extending a loan of up to 33 million euros ($44.7 million) to Izmir Metropolitan Municipality. The proceeds will be used for the acquisition of three vehicle ferries, construction of new ferry wharves, and the construction of a repair facility.

The project will allow Izmir to increase the use of sea transport in its integrated public transport system – a cleaner and faster alternative to traveling by car on congested roads.