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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...

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-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,...

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 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...

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...

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...

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...

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...

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...

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...

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...

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...