connect with us
Travel & Tourism industry news by Greek Travel Pages (gtp)

Greek Shipping Restructures To Deal With Crisis, Debt

Greece’s financial crisis has taken its toll on one of the country’s strongest sectors, shipping, with five of the country’s largest companies selling off a total of 16 vessels and seeing their fleet reduced from 81 ships in 2008 to 65 at the end of 2013, a recent study by XRTC...

Ferry Company Mergers Foreseen

Piraeus-based XRTC Business Consultants says it expects more mergers and cooperation agreements within the Greek coastal shipping arena.

Major Changes in Greece’s Coastal Shipping Sector

Greek coastal shipowners have taken the bull by the horns and come hell or high water will attempt this year to settle the waters after almost three years of rough seas. For example, last month the Greek Coastal Shipowners Association issued an open threat to the Merchant Marine...

More Coastal Shipping Mergers And Alliances

Talk around the Piraeus harbor area these days centers on a plethora of meetings being held in a general effort to form new coastal shipping alliances and merges, such as the rumored alliance between Attica Enterprises (Superfast Ferries) and Minoan Lines. Then there's the merger...

Ferry Lines Demand Price Increases Or Increased Sailings

The continued rise of oil prices leaves Greek passenger shipping firms, especially the domestic operators, facing very serious losses. The situation is compounded by the rise of the dollar, which increases their liabilities to banks and insurance firms as a great part of these...

DANE Considers Thessaloniki-Kusadasi Connection

Cooperation with Turkish businessmen to establish a connection between Kusadasi and Thessaloniki was considered at a recent meeting in Istanbul between Greece's DANE lines and the president of the Greek-Turkish Council Iakovos Geronikolas.