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Attempted Abduction of Shipowner

On Thursday afternoon a group of men tried to abduct the Greek shipowner Ioannis Martinos. At least five men armed with Kalashnikovs tried to attack...

China Magnet for Greek Shipping Magnates

According to the Wall Street Journal, Greek shipowners, are more and more moving their financing and ship orders to China, given the cheap credit...

Greece Has Role in Balkans Security

With conflicts in the Middle East and Egypt not far from its borders, intelligence agents in the region – including Greece – need to...

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,...

Greek Shipowners Invest $848M

While the Greek government continues to mull plans to tax the country's shipping industry to raise money during a crushing economic crisis, Greek ship-owners...

US Says Greek Smuggled Iranian Oil

The U.S. government has put sanctions on a Greek businessman and his companies for allegedly helping Iran avoid international restrictions to export oil and...

Somali Pirates Release Greek Ship, Sailors

The Philippines government said on March 12 that Somali pirates freed 26 sailors, including 14 Filipinos, who were seized on a Greek-owned oil tanker...

Libra Group Stepping Up Investments in Greece

Investors are warily eying a return to Greece and confidence is beginning to grow again, George Logothetis, Chairman and CEO of the international conglomerate...

Greek Captain of Prestige Denies Spill Blame

Apostolos Magkouras, 77, captain of the tanker Prestige, which wrecked and spilled oil into the Mediterranean, causing environmental damage, has denied any responsibility for...