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Greece

Greek Shipowners Donate 10 Patrol Boats to the Hellenic Coast Guard

The Union of Greek Shipowners (EEE) donated to the country's Coast Guard 10 state-of-the-art high-speed boats that will be built in Greece based on an Icelandic design, Prime Minister Kyriakos Mitsotakis announced on Friday. The statement was made following a...

Greek Shipowners On Alert After Oman Tanker Attacks

Greek shipowners, who control close to 25 percent of the world tanker fleet, are on alert following the attacks on two tankers belonging to Japanese and Norwegian firms in the Gulf of Oman earlier in the week. One in five...

Greek Shipowners Agree to Pay €75 Million Annually to Greek State

The Greek Prime Minister’s office issued a statement on Wednesday in which it announced that the Greek Shipowners Association has reached a new agreement with the Greek government. According to this agreement, the shipowners will have to pay annually at...

Seven Greek Shipowners at Top of Lloyd's International List

Greek shipping continues to be at the top of the world, despite the economic crisis that continues to plague Greece. According to Lloyd's List, Greek shipowners control about 20% of the world's dead tonnage weight (DWT) capacity with 4,600 vessels....

Greek Shipowners Extend Voluntary Deal to Pay Additional Tax in 2018

The Union of Greek Shipowners (USG) approved a proposal by its president Theodoros Veniamis on Monday, to extend an agreement with the State to make a voluntary tax contribution in 2018. The exact size of the one-off payment was not...

Union of Greek Shipowners Attacks Schaeuble's Statements on Greece

The Union of Greek Shipowners (UGS) on Friday reacted angrily to suggestions made by German Finance Minister Wolfgang Schaeuble that the Greek government had failed to keep promises to abolish a series of tax breaks for Greek shipping. In an...

Golden Destiny Shipbrokers Reports Greek Shipowners Purchased 26 Vessels in October

According to data from Golden Destiny shipbrokers, Greek shipowners are slowly making their way back to the buying market, purchasing vessels for their fleets. The data released showed that in October 2016 Greek shipowners purchased a total of 26 vessels...

Greek Shipowners Continue to Fly Greek Flags on Fleets Despite Obstacles

A number of Greek shipowners are supporting local shipping despite the economic crisis. Despite the more expensive price of bearing the Greek flag and the bureaucracy associated with this, they are continuing to operate on the local market. There...

The 40 Most Powerful Greek Shipowners

The 40 greatest Greek shipowners control 65% of the Greek fleet based on dwt, according to British shipping services Clarkson's. The fleet controlled by the Greek shipowners weighs about 230.5 million dwt; Deadweight tonnage counts how much mass a ship...

Greek Shipowners on Lloyd's '100 Most Influential People' List

Thirteen Greek shipowners are featured in LLoyd's list of the "100 Most Influential People in Shipping" for 2014. Greek shipping is on top again as the Greek-owned fleet is the largest in the world in gross tonnage, ahead of China and...

Mounting Problems for Greek Shipowners with Small Fleets

  Greek shipowners with small fleets are gradually being squeezed out of competition, suggests recent data from the Hellenic Statistical Authority. According to the “Ethnos” newspaper, Greek shipowners possessing more than 25 ships have increased from 35 to 40 this year. In that same...

Der Spiegel: Greek Shipowners Don't Pay Taxes

An article entitled "Wealth and Secrecy," published today by the German magazine, Der Spiegel focuses on tax breaks enjoyed by the Greek shipowners. According to the German magazine, Greek shipowners are ordering new ships as if there is no crisis in...

Top 10 Greek Shipowners

As the Greek-owned merchant fleet remains one of the world’s biggest, ranking first in tankers, second in dry bulk carriers, second in LNG tankers and container ships, Greek ship-owners see their investments skyrocket. One in five ships under construction belong...

Greek Shipowners Consider New Tax Unconstitutional

The Finance Ministry tax initiative that tripled the capacity tax on all vessels in Greece has caused the intense reaction of the Greek Shipowners Union. The president of the union, Theodoros Veniamis, described the three-year tax that applies to all ships...

Greek Shipowners Snapping Up Vessels

In the first three months of 2013, the purchases of ships made by Greek ship-owners increased by 90 percent, according to Golden Destiny data. Internationally, the ship purchases rose by 46 percent, while by 38 percent were increased the purchases...