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.
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Oil is on the Rise

Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0856 sec (12 req/sec)