Top destination for yachts

Based on confirmed bookings for the whole of 2023 (data up to April 30), Greece remains the No 1 yacht charter destination worldwide, with a market share of 27% of all weekly bookings of yachts over 20 meters long, according to the International Yacht Company (IYC).

Corinth Canal to reopen for four months on June 1

The Corinth Canal will reopen to navigation on June 1 for four months, its operator has said. The Corinth Canal company said that the final stages of restoration work on the canal will resume on October 1 and will continue until February 2024, when the waterway will return to normal 24-hour operation.

MIG seals deal with Strix Holdings

The exchange agreement between Marfin Investment Group (MIG) and Strix Holdings was signed on Friday, whereby the former gives the latter Attica Group shares corresponding to 79.4% of the shipping company’s share capital, against loans of 443.8 million euros of MIG held by Strix. Based on this debt-for-equity exchange agreement, the largest Greek shipping company […]

Doubt cast on deal for ANEK Lines

Concern is growing among ferry operator ANEK Lines’ employees, creditors and suppliers about the completion of its rescue by Attica Group.

Significance of Elefsis Shipyards work resumption

The relaunching of works and the productive output of the Elefsis Shipyards, in Attica, “means rather a lot, because after so many years we can again secure our work, our salary and the money we thought was lost,” accident prevention worker Dimitris Charitos told the Athens-Macedonian News Agency on Saturday.

PM emphasizes support for Greece’s shipbuilding and repair industry

Prime Minister Kyriakos Mitsotakis visited the Atlas shipyard in Perama, located near the port of Piraeus, on Wednesday. The shipyard is one of 24 active shipyards in the region, and Mitsotakis emphasized the significant support allegedly provided by his conservative government to Greece’s shipbuilding and repair industry.

ANEK’s rescue becomes more difficult

Despite the recovery of tourism, which in 2022 helped companies such as Aegean, Autohellas and Attica Group to break historic records in their results, ferry company ANEK has recorded a further deterioration in its financial position.

Cyprus ship management takings rise

Revenue from Cyprus’ ship management industry continued its upward trend in the second half (H2) of 2022, reaching 648 million euros, up 25.6% year-on-year.