Shipping
Greek News
Greek Shipowner Seeks US Help With Tanker Seized by Iran
The Greek shipowner of the St. Nikolas oil tanker seized by Iran on Thursday said it is seeking any help from the US government in regaining control of its vessel in a US court filing, Reuters reports.
“While defendants hope...
Greek News
Iran Seizes Greek Oil Tanker in Gulf of Oman
Iran claims it has seized Greek-owned oil tanker St. Nikolas off the coast of Oman, sparking fears that the Islamic republic may increase attacks on ships in the Middle East's waterways.
According to The Financial Times, Tasnim News Agency, which...
Greek News
Greek-Owned Cargo Ship Hits a Russian Naval Mine in Ukraine
On Thursday morning, a Greek-owned cargo ship sailing under the Panamanian flag in the Black Sea struck a Russian naval mine while en route to Ismail in Ukraine.
The Incident: Ship Strikes Russian Naval Mine in Ukraine
The ship, named Vyssos,...
Environment
The Haunting Wreck of Cruise Ship “Mediterranean Sky” Near Athens
From its glory days as a cruise ship to its current rusty resting place in Elefsina, the "Mediterranean Sky" has had quite a journey. It is one of the best known shipwrecks in Greece, but its deteriorating looks over...
Greek News
Ship Sank off Lesvos Island, One Dead, One Rescued, 12 Missing
The freighter ship Raptor, sailing under Comoro islands flag and managed by a Lebanon-based company, sank off Lesvos island early on Sunday.
Economy
Greek Shippers Exit Russian Oil Trade Amid Growing US Scrutiny
Three major Greek shipping companies, Minerva Marine, Thenamaris, and TMS Tankers, have ceased transporting Russian oil in recent weeks to avoid US sanctions. They are aimed at targeting shipping firms engaged in the movement of Russian oil.
The move is...
Greece
Christina Onassis: The Short Life of an Unhappy Heiress
Christina Onassis, the golden heiress of the Onassis shipping fortune, died in 1988 in a friend's house in Argentina at the age of 38.
Cyprus
Russia Attacks Cyprus-owned Ship in Port of Odesa, Ukraine
At least one person has been killed after a Russian missile struck a Cyprus-owned ship entering the Ukrainian Black Sea port of Odesa, Ukrainian officials say.
According to the southern defense forces, the KMAX RULER vessel was struck by an...
Business
Greece Remains the ‘World’s Foremost Shipping Nation’
Greece, which has long been the leading owner/operator of cargo shipping, and now joined by China, it has come to dominate cargo capacity, according to a new analysis from industry trade group BIMCO.
BIMCO, one of the largest international shipping...
Business
The U.S. Bails Out Elefsina Shipyard in Greece with $125 Million Loan
The Elefsina shipyard in Greece has entered into a financial agreement for a $125 million loan with the US International Development Finance Corporation (DFC) to upgrade and modernize its aged facilities.
The shipyard, just outside Athens, is attempting to be...
Greece
Greek Mariners Fought the Axis Powers Long Before OXI Day
Greek mariners had been saying “Oxi” (no) to the Axis powers pretty much since the start of World War Two in 1939.
On October 28, Greeks around the world celebrate Oxi Day, commemorating the Greek government’s decision to resist the...
Greece
The History of the Corinth Canal, Greece’s Suez
The Corinth Canal, one of the most important infrastructure works of the modern Greek State, was inaugurated on July 25, 1893. Many believe that the canal changed maritime activity forever. It connects the Ionian and Aegean seas, making cargo...
History
15 Shipwrecks Unearthed in Mediterranean Sea
In the Mediterranean, experts in underwater archaeology have big news. They've identified 15 new shipwrecks near the coasts of Antalya and Mersin in Turkey. This exciting discovery has bumped up the total count of wrecks in that area to...
Business
Greece Completes Sale of Igoumenitsa Port to Italy’s Grimaldi
On Friday, Greece completed the sale of the majority package of shares (67 percent) of the Igoumenitsa Port Organization to a joint venture led by the Italian Grimaldi group.
The eighty-four million euro deal was hailed by PM Kyriakos Mitsotakis...
Business
Ivan Savvidis Buys the Port of Volos in Greece
Greek-Russian businessman Ivan Savvidis is set to buy Volos Port Authority through his Thessaloniki Port Authority company. His company has been chosen as the favored investor for 67 percent of the Volos Port Authority shares.
How will Ivan Savvidis purchase...