Greek coastal shipping suffers major losses in Aegean, Adriatic

The Greek coastal shipping sector has incurred major losses as a result of the ongoing debt crisis, according to the Hellenic Chambers Transport Association.

The association estimates that during the 2009-2012 period, ferry operators lost over 2.5 million passengers, 445,000 vehicles and 140,000 trucks on routes servicing the Aegean Sea and the Adriatic Sea.

The association is demanding that both Greek authorities and the European Union develop initiatives that will safeguard the activities of local coastal shipping companies.