Tuesday October 21, 2014 Search
Weather | Athens
24o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Restructuring ahoy for coastal shipping firms

By Ilias Bellos

The marked increase in passenger traffic in coastal shipping this year is creating the necessary conditions for the restructuring of the sector, which is essential for its survival.

Data show that passenger traffic in July from Piraeus to the islands on the Argosaronic line (Aegina, Poros, Hydra, Spetses) posted an 11.69 percent increase year-on-year to reach 276,000, while traffic to the Aegean islands and Crete climbed 6.22 percent to 838,000 passengers. This comes after the 3.84 percent and 1.51 percent respective rise seen in June.

The growth anticipated in August and September, thanks to the soaring of tourism, can vindicate the forecast by the McKinsey consultants for Piraeus Bank, which suggested that the coastal shipping sector can return to profits and to sustainable groups.

For the potential of total profits of 170-180 million euros per year to be realized, companies must proceed to the best possible synergies and rationalize their operation, the study found.

ekathimerini.com , Sunday August 3, 2014 (22:09)  
Think-tank says political uncertainty slowing investment in Greece
Tax debts to Greek state exceed 70 billion euros
Greek 2013 budget gap revised down to 1.8 pct/GDP
Greece said to seek tailor-made plan for bailout exit
Trial over 2012 torture of Egyptian bakery worker in Salamina begins
The trial of four men accused of torturing an Egyptian bakery worker in 2012 on an island near the Greek capital, began on Tuesday in Piraeus after being postponed four times. Waleed Taleb w...
Inmate injured in Patra prison yard brawl
A 45-year-old Nigerian man was being treated at a hospital in the western port city of Patra on Tuesday after being stabbed in the leg during a brawl between a group of inmates in the exerci...
Inside News
BASKETBALL
PAOK fans stop coach Markopouloss move to Olympiakos
Olympiakos is once again in the lookout for a new coach after the refusal of PAOK to release Soulis Markopoulos, while Panathinaikos defeated Kolossos on Rhodes on Monday to become the only ...
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
Inside Sports
INTERVIEW
The past, present and future of the Greek debt crisis
For a decade, until mid-2012, Josef Ackermann was the CEO at Deutsche Bank. It was a position that earned him the nickname shadow chancellor of Germany and allowed him to play a decisive r...
COMMENTARY
Self-opposing coalition
Even though a number of polls see the total percentage of the two ruling parties trailing that of SYRIZA, New Democracy and PASOK are still in government and the leftists in opposition. This...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Think-tank says political uncertainty slowing investment in Greece
2. Trial over 2012 torture of Egyptian bakery worker in Salamina begins
3. Tax debts to Greek state exceed 70 billion euros
4. Greek 2013 budget gap revised down to 1.8 pct/GDP
5. Greece said to seek tailor-made plan for bailout exit
6. Greek current account surplus widens in August
more news
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Self-opposing coalition
3. Gang importing heroin into Greece busted
4. Gutsy rectors
5. Applications for heating oil subsidy set to start
6. SDOE to probe Proton Bank loan to Thessaloniki businessman
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Greece to contribute 1 mln towards Gaza reconstruction
3. Greece nearing bailout exit, says gov't spokesperson after IMF talks
4. Istanbul skyscraper casts shadow over Greece's banking ambitions
5. Coalition shooting itself in the foot
6. GPO poll gives SYRIZA clear lead over New Democracy
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.