EIB provides USD 155 Mn for Port of Piraeus expansion

The European Investment Bank (EIB) has formally agreed to provide EUR 140 million (USD 154.5 million) to support expansion and upgrade of...

BNP Paribas, Credit Suisse Join Poseidon Principles

BNP Paribas, Credit Suisse Join Poseidon Principles, the two banks have become signatories to the Poseidon Principles, a global framework for...

Trade Agreement Positive for Tankers

The tanker market is among the key beneficiaries of the recent US-China Phase 1 trade agreement. However, other markets could benefit as...

Cosco: The Chinese are pushing for a new pier

The ports of Piraeus have been blocked from containers, and the Chinese are now pushing for the construction of pier IV ice- cream project by the government.

The Limassol Marina is claiming the “Marina of the Year 2020”...

Nomination for the Towergate's Marina of the Year 2020 award was secured by the Limassol marina, in which the most remarkable marinas...

Greece is proceeding with the privatisation of the ports

The port of Piraeus has become the top of the Mediterranean.Greece is betting on the privatization...

Greece Approves Part of COSCO’s Investment Plan for Piraeus

Greek Committee of Planning and Development of Ports (ESAL) has approved EUR 611.8 million (USD 673.3 million) worth of investments at the country’s Piraeus...

State Department asks Cyprus to halt visits of Russian Navy vessels...

The United States welcomes the efforts of the Republic of Cyprus to fight money laundering but continues to urge the Cypriot government...

USA: Ship Owner, Operator Fined US$ 1.8 Million for pollution violations

 Two shipping companies incorporated in Liberia pled guilty in federal court in Wilmington, Delaware, to failing to notify the U.S. Coast Guard of a...

Banksy funds refugee rescue boat operating in the Mediterranean

The British street artist Banksy has financed a boat to rescue refugees attempting to reach Europe from north Africa, the Guardian can reveal.