Greek shipowners

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...

The Greek-owned merchant fleet has grown by 90 million tons in seven years, putting the country at the top of the global shipping industry, according to Clarksons Platou shipbrokers data. Since 2010, the ships' Greek owners added 89.3 million gross...

A Greek terrorist group related to the arms hideout at Marathonas, along with their associate known terrorist Giorgos Petrakakos, were planning to kidnap Greek entrepreneurs and shipowners, announced the Greek police on Friday. According to Greek anti-terrorist unit's official announcement,...

The economic and political uncertainty in Greece is forcing many Greek shipping companies to consider moving their ferries to other seas. Recent political developments, capital controls, the referendum and the uncertainty over the signing of the new bailout agreement, all...

Greece's world-leading shipping industry is coming under increasing pressure to carry a big part of the new taxes the new bailout agreement requires. The Greek government has agreed to raise taxes on the long-protected sector of shipping, "a part of...

Turkish businessmen have taken the lead in controlling the maritime transportation of eastern Aegean tourists, threatening the financial survival of Greek shipowners operating in the islands of Chios, Lesvos, Samos, Kos and Rhodes. As a result, many of them...

Greek shipowners ordered fewer new vessels in 2014 compared to 2013. Last year, 230 new vessels were ordered, significantly less than the 348 ordered in 2013, showing a 34% year-on-year drop. According to figures from brokerage firm Golden Destiny, the...

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...

In July 2013, following discussions with the Greek government, the union of Greek shipowners agreed to "voluntarily" increase their tax contributions. On Tuesday, September 30, following the formal submission of the amendment, the Greek shipowners’ voluntary tax contribution to Greece ’s treasury...

  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...