Greece To Retire Old Ferries

Friday, October 06, 2000
The Greek cabinet, meeting after a shipping disaster in which at least 79 people died, drew up a plan to withdraw some 105 aging vessels from the island ferry business by 2006. It also agreed to open up the market to foreign operators in 2002, two years earlier than planned. "The government has a steady target of improving commercial shipping policy - people's safety, services and the creation of a modern coastal shipping industry," government spokesman Dimitris Reppas said. The Express Samina ferry sank last week with more than 500 passengers aboard when it hit a well-charted islet just before reaching the Aegean island of Paros. Shipping officials have partly blamed the disaster on the near-monopolies that have developed in the Aegean, saying competition would improve the quality of ships and services.

Finance

Singapore's SembMarine to Take Full Control of PPL Shipyard

Singaporean rig builder Sembcorp Marine Ltd said it had agreed to buy the 15 percent of PPL Shipyard Pte Ltd it did not already own for about $115 million from

Pressure Mounting on VLGCs Rates - Drewry

A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.

Investors to Acquire $1.5 bln Shipping Portfolio from NORD/LB

NORD/LB Norddeutsche Landesbank and KKR Credit have reached an agreement by which, subject to completion of certain conditions precedents, KKR Credit, together

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0586 sec (17 req/sec)