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Greek Shipping

Shipping Is Part of Greece’s Identity

When pondering why Greeks are so involved in shipping, the answer seems obvious. A country of peninsulas and an archipelago, it is hardly a surprise that men of the Aegean have plied the waters of the Mediterranean and Black...

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 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...

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’s Piraeus Port Among World’s Top 10 Shipping Centers

The port of Piraeus in Greece has risen to eighth place among the world's largest shipping centres, according to the latest data from the Xinhua-Baltic Index. Piraeus in the Athens metropolitan area is home to the globe's largest fleet management....

Greek Shipper Admits Smuggling Iranian Oil, Faces $2.4M Fine

Greek tanker operator Empire Navigation pleaded guilty to charges of transporting illicit Iranian oil involving the Suez Rajan tanker. Court documents recently obtained by the Associated Press and The New York Times shed light on the extent to which...

Greek Shipowners Rule the Oceans, According to New Report

Greece is the largest ship-owning nation in the world, according to the latest annual report of the Union of Greek Shipowners (UGS). The report says that Greek shipowners control the highest share, 21%, of the global merchant fleet in terms...

George Logothetis Shares His Story in Viral Interview

George Logothetis, Executive Chairman of Libra Group, delved into the intimate details of his life story and career in an interview during Marine Money Week that has since gone viral on YouTube. Marine Money Week is the "largest annual gathering...

US Navy Prevents Iran from Seizing Greek Tanker in the Gulf

On Wednesday, the US Navy (USN) claimed that it prevented the seizure of two commercial tankers in the Gulf of Oman, with one of the vessels reportedly being Greek. Chevron, the oil company, reported an incident involving the "Richmond Voyager,"...

Iran “Harassed” Greek-managed Ship, US Navy Claims

  The US Navy has claimed that on Sunday, a merchant ship was "harassed" by the Revolutionary Guard of Iran in the Strait of Hormuz. According to ship-tracking data from MarineTraffic.com, the ship which found itself in trouble with Iran...