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Shipping Greece

Collision of Two Merchant Ships Near Chios Island, Greece

On Friday, two merchant ships were reportedly involved in a collision in the waters off the Greek island of Chios. No fatalities or serious injuries are known to have occurred. One of the ships which sustained damage in the collision...

Greek Shipping, Valued at $132 Billion, Dominates the World

Greek shipping continues its astonishing growth, confirming Greece's position as the number one seafaring country in the world, according to a new report. The value of the Greek-owned merchant shipping fleet grew over 32% in the past three years and...

China’s Cosco Tightens Grip on Piraeus Port by Raising Stake to 67%

A Greek court gave this week the go-ahead for China's Cosco to increase its stake at the Piraeus Port by 16% and extend its contract by five years for the company to complete the investments it has undertaken to...