Greeks own one-fifth of global fleet

The share of Greek-owned ships in the global fleet continued to grow in 2015, as they numbered almost 4,500 vessels – i.e. 19.63 percent of the world’s entire capacity in deadweight tons – and almost 50 percent of the fleet of the European Union, as Theodoros Veniamis, the president of the Union of Greek Shipowners, told the entity’s annual general meeting this week.


PPC, Hellenic Petroleum, Edison to join forces


Public Power Corporation, Hellenic Petroleum (ELPE) and Edison are in negotiations which include the creation of a consortium that could constitute an alternative plan both for the reduction of PPC’s share of the domestic electricity market, as Athens has pledged to its creditors, and for the breaking of the PPC monopoly in lignite production.

BUSINESS Privatizations

China concerned over OLP delays


A statement by the Chinese ambassador in Athens at a Hellenic Post event on Wednesday was seen by diplomatic sources as a clear indication of Beijing’s concern that the privatization of Piraeus Port Authority (OLP) could be about to enter another long period of delays after Cosco Pacific’s selection as the preferred bidder.



Farmers protest in Thessaloniki

Greek farmers park their tractors to block a road in front of the White Tower, during a protest in Thessaloniki, north Greece,on Friday. Greek farmers protest against the government's proposed tax and pension.