Greece Says Won't Tolerate Turkish Challenge after Ship Collision
Greece will not tolerate any challenges to its territorial integrity, its prime minister said on Thursday, days after Turkish and Greek coastguard vessels collided close to disputed islets in the Aegean Sea. Each side blamed the other for Monday’s collision off an islet known as Imia in Greek and Kardak in Turkish. They came to the brink of war in 1996 in a sovereignty dispute over the islets. Seeking international support, Prime Minister Alexis Tsipras underlined that Greece’s border was also that of the 28-nation European Union, and his foreign minister briefed the head of NATO and the U.S.
Three Dead After Refugee Boat Capsizes Near Turkey
Three people died and four were missing on Tuesday after a refugee boat carrying eight people capsized in a river that flows between Turkey and Greece, a spokeswoman for Turkey's Disaster and Emergency Organisation (AFAD) said. The eighth refugee had made it into Greece, it said. The boat was travelling along the Maritsa River, in Turkey's northwestern province of Edirne, when it capsized early on Tuesday, the first aid organization said. Nearby residents heard yells and informed the local gendarmarie forces. Searchers recovered three bodies, it said, adding that two of them were children - one around 12 years old and the other around four. The causes of death were not yet determined.
Greece Protests to Turkey Over Boat Incident in Aegean Sea
Greece sent an official complaint to Turkey on Tuesday, its foreign ministry said, after a Turkish vessel collided with a Greek coast guard boat off disputed islets in the Aegean Sea. The Greek coastguard said in a statement that the incident took place at Imia, known as Kardak in Turkish, at about midnight on Monday. A Turkish patrol vessel "made some risky manoeuvres" striking the left side of the Greek coast guard vessel patrolling the area, and damaging it. There were no injuries, the coastguard said. Turkey and Greece, NATO allies, have been at odds over a host of issues from ethnically split Cyprus to sovereignty over airspace and overflights. They came to the brink of war in 1996 in a sovereignty dispute over the islets, but tensions have eased since.
TEN Gets Charter Extension for Seven Panamaxes
Greece-based Tsakos Energy Navigation (TEN) has announced the charter extension for seven panamax tankers, for an average of 24 months, to a state oil concern. The charters which all incorporate profit sharing provisions are expected to generate minimum gross revenues of over $70 million. “These charters, in terms of duration, security, flexibility and quality, enhance the industrial nature of our business, further solidify our fleet’s cash generating ability, strengthen our balance sheet and provide visibility of earnings and dividends,” George Saroglou, COO of TEN commented.
Blue Border Security Assessment
International Maritime Organization (IMO) 's maritime security provisions and the IMO treaties for the suppression of unlawful acts against the safety of navigation can be seen in the wider context of the global fight against terrorism. The United Nations Counter-Terrorism Committee Executive Directorate (UNCTED) carries out assessment visits to countries to assess their compliance with various international security instruments. IMO has participated in a follow-up UNCTED assessment visit to Greece (31 January to 1 February)…
Piraeus Port Contracts Huawei to Upgrade Network
Piraeus Port Authority (PPA) SA and the Huawei Technologies SA are pleased to announce the contract conclusion for the modernization of the PPA network infrastructure. Huawei Technologies SA, after an international open tender, undertook the project of redesigning and replacement of the PPA's network infrastructure. More specifically, Huawei Greece, using optimal international practices and utilizing the latest technology products and solutions of the Group, will replace the existing network infrastructure of PPA, aiming to satisfy the requirements of the biggest port of Greece.
Döhle, Costamare JV ‘Blue Net Chartering’ Operational
Germany's Peter Döhle and Greece's Costamare are merging operations of their container ships in a new joint venture (JV) named dubbed Blue Net Chartering headquartered in Hamburg. Blue Net Chartering will serve the container fleets operated by both as well as third-party vessels. It will provide brokerage services for 220 box ships with an aggregate capacity of 1.1M TEU. The official launch took place on 1 February. According to Costamare, the Blue Net Chartering aims to provide “best-in-class employment opportunities for containership owners.
COSCO Piraeus Pier III Inaugurated
The Inauguration of the Expansion of Pier III of COSCO Piraeus Container Terminal(PCT) was held yesterday. Premier Li Keqiang of China sent a congratulatory message, which was read by Mr. Zou Xiaoli, Chinese Ambassador to Greece during the ceremony. Prime Minister Antonis Samaras of Greece attended the event and made congratulatory remarks. Executive Vice President Sun Jiakang of COSCO Group delivered a speech and cut the ribbon together with the Prime Minister and Ambassador.
Hyundai Wins Bulker, Containership $400M Deal
Hyundai Heavy Industries Co. won $400 million in orders from Greece to build five containerships and four bulk carriers. Hyundai Heavy said the 5,500 TEU containerships will be delivered to Greece's Costamare Shipping Co. between late 2000 and the first half of 2001. The bulk carriers, all 75,000-gt class, are scheduled for delivery to Arcadia Shipmanagement Co. of Greece by the end of 2001. Hyundai Heavy said with the orders from Greece its shipbuilding orders this year rose to $2.5 billion and its backlog orders stands at $6 billion.
Greek Seamen’s Union Launches 48 hour Strike
Inchcape Shipping Services (ISS), a maritime services provider, is advising of 48 hour strike action in Greece by the Seamen’s Union from 0600 on Thursday 31 January until 0600 on Saturday 2 February 2013. ISS Greece has confirmed that the strike disruption means that there will be no assistance by tug boat crews with berthing and sailing movements for vessels calling at the ports of Piraeus, Aspropyrgos, Eleusis and Lavrion and pilots have also confirmed they will be joining the strike from 12.00 until 16.00 on 31st January. Vessel movements at Thessaloniki will not be affected as the local towage company will not be joining the strike. ISS Greece will continue to monitor developments on behalf of ship owners and operators and will keep customers updated.
China Watching Greece After Port Sale Shelved
China is closely monitoring the policies of the new Greek government after Athens said this week it will stop the sale of a majority stake in Greece's biggest port, China's trade ministry said on Thursday. The Greek government last year had shortlisted China's Cosco Group as a potential buyer of a 67 percent stake in Piraeus Port Authority. But Greece stopped the sale this week, saying it would be put on hold as newly elected Prime Minister Alexis Tsipras halted privatisation plans agreed under Greece's bailout deal. "We are paying a great deal of attention," Shen Danyang, the spokesman for China's Ministry of Commerce, said when asked about the suspended deal.
Aegean Marine Expands to Greek Market
Aegean Marine Petroleum Network Inc. (NYSE:ANW) has established operations in Patras, Greece, expanding the company's presence in the Mediterranean. Patras, located on the western coast of Greece, serves as a strategic commercial hub connecting Greece and the Balkans with Italy and the rest of Western Europe. The port, ranking second in Greece in terms of size, caters to all segments of shipping and has a particular emphasis on the international ferry business. Aegean has been serving the Patras market on a limited basis since the second quarter of 2008 from its base in Piraeus. The company plans to assign four of its Piraeus' stationed double-hull bunkering tankers to this market.
Seamen’s Union Launches 48 hour Strike in Greece
Inchcape Shipping Services (ISS) advised of 48 hour strike action in Greece by the Seamen’s Union from 0600 on Thursday 31 August until 0600 on Saturday 2 February 2013. ISS Greece has confirmed that the strike disruption means that there will be no assistance by tug boat crews with berthing and sailing movements for vessels calling at the ports of Piraeus, Aspropyrgos, Eleusis and Lavrion and pilots have also confirmed they will be joining the strike from 12.00 until 16.00 on 31st January. Vessel movements at Thessaloniki will not be affected as the local towage company will not be joining the strike. ISS Greece will continue to monitor developments on behalf of ship owners and operators and will keep customers updated.
Ocean Yield Acquires Four VLCC
Ocean Yield has announced that 100% owned subsidiaries of the Company have agreed to acquire four VLCC crude tankers with 15-year bareboat charters to companies owned and guaranteed by Okeanis Marine Holdings. All four vessels are sub-chartered to the shipping arm of a large industrial conglomerate for a period of 5 years. The gross purchase price is USD 83.75 million per vessel and the net cash purchase price is USD 74.25 million after a seller's credit of USD 9.50 million. The vessels are scheduled for delivery by the yard, Hyundai Heavy Industries, South Korea, in Q2-Q3 2019.
Greece to Evaluate Deep-sea O&G Exploration Bids
Greece will conclude the evaluation of deep-sea oil and gas exploration bids in the coming weeks and will name the preferred bidders soon after, its energy minister said on Friday, as the country seeks to tap into its limited oil reserves. Plunging crude oil prices have cut spending on oil projects around the world but cash-strapped Greece is pushing ahead with investment in the industry in a bid to reduce dependence on oil imports and boost public finances. "We are evaluating three bids made by oil companies whose financial strength, experience and infrastructure ensure they are in a position to successfully perform gas and oil exploration and production," Energy Minister Panos Skourletis said.
Greece Pin Great Hopes on COSCO-Piraeus Port
Greece’s deal with Chinese shipping giant COSCO is “helping the country stand on its feet,” Greek Prime Minister Alexis Tsipras said. “We are sending a strong message to the international markets that Greece is decisively entering a new phase,” Tsipras said. According to a report in Xinhua, China and Greece have great hopes for Piraeus port, as attested to by the meeting of Chinese Premier Li Keqiang and his Greek counterpart Alexis Tsipras on Monday. Li met with Tsipras in Beijing on Monday afternoon, with much of their meeting focused on Piraeus.
Greece Promises Tax Cut to Attract O&G Majors
Greece is planning to cut tax rates for oil and gas companies as it wants to attract them to help exploit its untapped offshore hydrocarbon resources, its energy minister said on Tuesday. Under the plan, oil and gas explorers will pay 25 percent tax, down from 40 percent currently, and 5 percent of the tax will go to local communities. "We have done this in order to incentivize our investors to invest in the future of Greece," Ioannis Maniatis, Greece's Energy Minister, said at a conference in London. He did not say when the new tax rates would come into effect.
Daewoo Shipbuilding Wins 730m Orders from Belgium, Greece
According to sources, Daewoo Shipbuilding & Marine Engineering Co said it has won 730m in orders from firms in Belgium and Greece. The shipbuilder said it has secured an order from Exmar Marine NV of Belgium for two LNG regasification vessels and a contract from Gulf Marine Management SA of Greece to build two very large gas carriers. It did not disclose details of each contract. The deals take its order book to 5.22 bln usd or 25 ships, including nine liquefied natural gas (LNG) carriers.
Danaos Corporation Adds One More Newly Built Vessel
Athens, Greece, May 4, 2011 - Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on May 4, 2011, it took delivery of one more newly built containership, the Hanjin Greece, expanding its operational fleet to a total of 55 containerships aggregating 257,029 TEU. The Hanjin Greece, built at Hyundai Samho Heavy Industries Co. Ltd. has a carrying capacity of 10,100 TEU, is 349 meters long, 45.6 meters wide and has a speed of 25.50 knots. The Hanjin Greece has commenced its 12-year time charter at a fixed charter rate immediately upon delivery.
Migrant Sailboat Sinks in Aegean, 17 Missing
A sailboat carrying migrants sank in in the Aegean sea between Turkey and Greece on Tuesday and at least 17 people were missing, Greek authorities said. Greece's maritime ministry said Greek and Turkish rescue efforts had saved 16 of the between 33 and 37 migrants believed to be on board when the boat went down between the Greek islands of Farmakonisi and Agathonisi. Their nationalities were not known. "The operation is ongoing," said a spokeswoman for Greece's maritime ministry. More than 135,000 refugees and migrants have arrived in Europe by sea in the first half of this year, many of them fleeing war, repression and poverty in Africa and the Middle East. Most are Syrians.
Greece's Creditor Propose to Target Shipping Sector
Greece's shipping sector faces paying a higher tonnage tax, and a phase-out of the special tax allowances it has enjoyed, under the latest proposals presented by the country's creditors, according to documents seen by Reuters. Together with tourism, the shipping sector is a vital generator of income for Greece. According to an official document indicating steps Greece must take, its lenders say the country must "increase the rate of the tonnage tax and phase out special tax treatments of the shipping industry". A separate document showed Greece had proposed to "increase tonnage tax and implement an effective taxation framework for commercial shipping". (Reporting by Jonathan Saul, Matthias Sobolewski, George Georgiopoulos and Michele Kambas)
Greece Secures Aid Tranche after Passing Reforms
Euro zone countries have approved the disbursement of a 1 billion euro tranche of aid to Greece after it passed a series of reforms to qualify for the money, the Greek government said on Wednesday. The decision came after lawmakers passed a bill last week to merge public sector pension funds and allow more construction and business activity along Greece's long Mediterranean coastline, plans for which sparked outrage in the country. The bill also included a proposal to supervise the funding of political parties. The money - whose release was approved by the Euro Working Group - will help Greece meet bond payments later this month and precedes a major review of Athens' progress by the European Union and International Monetary Fund in September.
ISS Contracted to Support Offshore Greece LNG Exploration
Inchcape Shipping Services (ISS) appointed by Petroleum Geo-Services (PGS) to support a key marine seismic survey project in Greece. Under the three month research project, ISS Greece will provide marine services to the survey vessel ‘Nordic Explorer’ and two smaller support vessels as they work along the western Greek coast from Patras Port. The national project has been commissioned by the Greek government to try and seek out important new reserves of natural gas. George Andreakos (ISS Greece and Mednet Operations Manager) is leading the operational team to assist the project in close co-operation with the ISS Offshore Solutions team, headed by Dan Whysall. This is the third contract awarded by PGS to ISS Greece and follows previous surveys in Cyprus.