Shipping

Long-lost Shipwreck Discovered off Greece 40 Years Later

A shipwreck that sunk 40 years ago in Cape Kafireas, on the southern tip of Evia, Greece was recently uncovered by a diving enthusiast and his team. The "Golden Dawn" ferry, sank on February 23, 1983, as she was sailing...

Oil Spill at Thessaloniki Port Alarms Greek Authorities

An oil spill from a cargo ship in the Port of Thessaloniki on Thursday has alarmed authorities who are racing against time to prevent pollution from spreading further. Although the spill is relatively small, covering an area of approximately seventy...

Ukraine Says Five Greek Shipping Firms Placed on Sanctions List

Five Greek shipping firms have been placed on a list compiled by the National Committee for War and Sanctions for allegedly continuing to cooperate with Russia despite the ongoing war in Ukraine and the levying of Western sanctions. The five...

Europe’s Largest Shipbuilder to Produce Warships in Greece

Elefsis Shipyards in Greece signed a memorandum with Italian shipbuilders Fincantieri for the production and maintenace of three warships.

Greek Tankers Seized by Iran Released After Almost 6 Months

Two Greek-flagged tankers that were seized by Iran in May 2022 were released on Wednesday and are on their way to the port of Piraeus in Greece. After almost six months of negotiations between Athens and Tehran, "Prudent Warrior" and...

Greece Cancels Alexandroupolis Port Sale

On Monday, Greece announced it is canceling the tender for the privatization of the port of Alexandroupolis due to its elevated geostrategic importance. Prime Minister Kyriakos Mitsotakis said the port in northern Greece near the border of Turkey will remain...

Greece Announces Preferred Investor For Igoumenitsa Port

On Thursday, Greece's privatizations agency named an Italian-led consortium as the preferred bidder in the sale of a majority stake in the port of Igoumenitsa, situated in the northwestern part of the country. Italy's Grimaldi Euromed S.p.A. along with Greece's...

First Thessaloniki-Smyrna Ferry Starts Service on Monday

On Monday, October 10th, the passenger ferry Smyrna di Levante of Levante Ferries starts its maiden voyage to Smyrna (İzmir) from Thessaloniki. This is the first time in recent memory that a ferry link from Thessaloniki to Smyrna has...

Libra’s Lomar Shipping Acquires German Firm Carl Büttner

Lomar Shipping, a maritime subsidiary of Libra Group, has acquired the Bremen, Germany-based shipping firm, Carl Büttner (CB). The acquisition of the 166-year-old shipowner and manager—known for its technical management expertise and strong maritime legacy—is Lomar's most recent step to...

Greece’s Corinth Canal Closes Again Until Next Summer

Greek authorities announced that the first phase of the re-operation of the Corinth Canal ended on Tuesday, and the Canal has closed again until next summer, as originally planned. The second phase of restoration will resume following the catastrophic landslides...

Alexandroupolis Port in Greece to Fall Under American Control

Greece announced on Thursday it had received two offers for the majority stake of the Alexandroupolis port, a key point of entry to Europe for arms and energy imports. One is by Quintana, an American company with interests in the...

Revived Cyprus-Greece Ferry Sets Record Number of Passengers

The revived Cyprus-Greece ferry, which set sail in mid-June, saw its final return voyage for this season. The ferry left Piraeus on Friday and arrived in Limassol on Saturday. After conducting a total of 22 round trips, Cyprus' Deputy Minister...

Liberty Ships: The “Ugly Ducklings” that Transformed Greek Shipping

Liberty Ships, first built during World War II,  transformed the Greek shipping industry. By Lia Mageira “Your safety altogether depends upon the sea.” Xenophon, 4th century BC, Greek historian and philosopher. During World War II, between 1941 and 1945, a total of 2,711...

World’s Biggest Cruise Ship Faces Being Scrapped Before Maiden Voyage

Global Dream II, one of the world’s biggest cruise ships of all time, is at risk of being sold off for scrap before even setting off on its maiden voyage. The one billion pound worth cruise ship, which would have...

Luxury Superyacht 007 Sinks off Kythnos, Greece

The 49-meter superyacht 007 sank off the island of Kythnos, Greece on Friday night, according to the Hellenic Coast Guard. No one was hurt. The incident took place at Kolona Bay, where one of the most picturesque beaches in Greece...