Thessaloniki Port News

Greece received two binding bids for a majority stake in its northern port of Alexandroupolis, the country's privatizations agency HRADF said.The bidders for a 67% stake in the port were Quintana Infrastructure and Development through Liberty Port Holdings Single Member, and International Port Investments Alexandroupolis, a joint venture of Black Summit Financial Group, Euroports, EFA Group and GEK Terna, the agency said in a statement.The deadline for the bids expired earlier on Thursday.

Greece on Friday received nine non-binding bids for a 67% stake in Igoumenitsa port, its privatization agency said on Friday.Bids were submitted by Aegean Oil, Attica Holdings and a consortium of Archirodon Group and ANEK & Trident Hellas Group.The other bidders were a consortium of Grimaldi Euromed and Minoan Lines, Danthia Shipping, MRG Ltd, Portek International, Quintana Infrastructure and Thessaloniki Port Authority , the agency said.The deadline for bidding expired at 1500 GMT on Friday.Greece embarked on an ambitious privatization plan in 2010, at the start of a decade-long financial cri

Greece has received five non-binding bids to operate part of a port in northern city of Kavala, the country's privatization agency (HRADF) said on Friday.HRADF received expressions of interest for a sub-concession to operate a multipurpose terminal of Philippos II port, currently operated by Kavala Port Authority.The initial bidders are a consortium of IMERYS SA, Goldair Cargo and I.M.G., and the International Port Investments Kavala consortium, which includes Black Summit Financial Group, EFA Group and GEK TERNA.

Greece plans to sell majority stakes in four ports as part of a privatization plan agreed with its lenders after the country exited the bailouts in 2018, a document of its privatization agency (HRADF) showed on Tuesday.HRADF will sell majority stakes in the share capital of Alexandroupolis, Igoumenitsa, Heraklion and Volos ports, the agency said in an invitation to hire financial advisers for the sales released on this website.China's COSCO has bought a 51% stake in Piraeus Port, the country's biggest, in 2016.

A consortium led by Hill International has won a contract from Thessaloniki Port Authority (THPA) in Greece to support major expansion works at Thessaloniki port.Hill International, a player in managing construction risk, announced that it has signed an agreement with THPA as leader of a consortium including Rogan Associates SA, to provide design and project management services for the planned expansion of the marine works infrastructure of Pier 6.The Port of Thessaloniki is the most important port of Northern Greece and a key transportation hub for Southeast Europe as a part of the Core Network of the Trans-European Transport Network.It occupies a total area of approximately 1.5 million square meters and hosts a variety of activities…

The Port of Thessaloniki becomes the first port to join the Green Award certification program in 2019 to attract and reward green high quality ships.Thessaloniki Port Authority, the operating company that manages the port, said in a press note that it will provide an incentive to Green Award ships calling at the port.The Port of Thessaloniki is one of the most important ports in South Eastern Europe, serving an enlarged hinterland of countries. Due to its advantageous geographical location and its excellent road links and train connections, it is the largest transit-trade port in the country and it services the needs of approximately…

Greece concluded the sale of 67 percent stake in Thessaloniki port, the country's second-largest, to a German-led consortium, its privatisations agency (HRADF) said on Friday. Deutsche Invest and its partners, France's Terminal Link SAS and Cyprus-based Belterra Investments, signed the deal in December. The sale is part of a privatisation scheme Greece has agreed under its latest international bailout. The deal is worth 1.1 billion euros, HRADF said, and the consortium has already…

Global Bulk Terminals market is expected to grow from $5.20 billion in 2016 to reach $7.41 billion by 2023 with a CAGR of 5.1%, said Forecast Research Study. Rising demand from industrial output, increasing usage of bulk commodities and its affordability in emerging countries are some of the factors fuelling the market. In addition downfall of coal consumption and business reforms in some countries are hindering the market growth. Based on type, dry bulk segment has acquired the largest market share and growth of this segment is attributed to developing countries and their cleaner energy utilizing approach and thus restricting the coal consumption.

German private equity firm Deutsche Invest Equity Partners was the highest bidder for a majority stake in Greece's Thessaloniki Port with an offer of 231.9 million euros ($251.8 million), privatisation agency HRADF said on Monday. The sale is a key part of the country's international bailout signed in 2015 and comes less than a year after China's COSCO Shipping bought a 51 percent stake in Piraeus Port, Greece's biggest, for 280.5 million euros. The bid for Greece's second-largest port by Deutsche Invest Equity Partners…

Greece received three improved binding financial bids for a majority stake in Thessaloniki Port , its second-largest, the country's privatisation agency (HRADF) said on Friday. Last month HRADF got three bids for a 67 percent stake in Thessaloniki Port. The bids were submitted by Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners, jointly with France's Terminal Link SAS. After unsealing the financial offers this month, HRADF asked the suitors to improve them by April 21. The improved offers will be unsealed at a board meeting on April 24, HRADF said. The current market value of the stake on sale is 138.8 million euros.

Hellenic Republic Asset Development Fund (HRADF) asked for improved financial bids from short-listed investors seeking to buy a majority stake in its second-largest port, reports Reuters. Greece’s privatization agency (TAIPED) got three offers last month for the sale of a 67 percent stake in Thessaloniki Port, which is required as part of Greece’s international bailout. The investors are Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners, which is bidding jointly with France’s Terminal Link SAS. The preferred…

Greece's privatisation agency (HRADF) asked on Friday for improved financial bids from shortlisted investors seeking to buy a majority stake in its second-largest port. Athens got last month three offers for the sale of a 67 percent stake in Thessaloniki Port, which is required as part of its international bailout. The investors are Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners which is bidding jointly with France's Terminal Link SAS. (Reporting by Angeliki Koutantou)

EcoPorts, the main environmental initiative of the European port sector, is celebrating its 20th anniversary this year. The European Sea Ports Organisation (ESPO) has published an interview with the Port of Thessaloniki, one of the first ports in the EcoPorts Network, to provide more insights in this initiative. The Port of Thessaloniki is a mid-size commodity port engaged in diverse trades, in terms of its major commercial activities, mainly cargo handling. However, these activities often gave rise to environmental issues such as air quality and port area seawater pollution. The decision to join the EcoPorts Network in 2003 was a strategic move towards the type of development and future that the Port Authority has been envisioning, which is a sustainable one.

Three foreign investors have bid for the majority stake in Greece's Thessaloniki Port, reports Reuters.   Phillipines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity Deutsche Invest Equity Partners had all submitted offers, the report said.   The sale of a 67 percent stake in Greece's second-largest port, which was launched in 2014, has been beset by delays and political resistance.   Thessaloniki Port has a market value of $211 million and had a throughput of 344,277 20-foot equivalent units (TEUs) last year.   Thessaloniki port workers walked off the job for three hours on last Wednesday to protest against the sale but Mellios said it would not affect operations.

Workers at Greece's second-biggest port, Thessaloniki Port, will walk off their job for a few hours on Wednesday to protest the port's sale, a key condition of the country's international bailout. The sale was launched in 2014 but has been plagued by delays and political resistance. As part of its privatisation drive under its latest bailout, Greece has given investors until March 24 to submit binding bids for a 67 percent stake in the port and taking over its operation for 40 years.

Greece has given investors until March 24 to submit binding bids for a majority stake in its second biggest port, Thessaloniki Port, two sources close to the matter said on Tuesday. The sale of the 67 percent stake in the port and other privatisations are a key part of the country's current EU/IMF international bailout deal, the third since 2010. But the programme has fallen behind schedule due to political resistance and red tape, and has raised only 4 billion euros ($4.3 billion) so far versus an original target of 50 billion euros.

Italy's state railway is expected to bid for its Greek counterpart TRAINOSE, but Russian Railways (RZD) is less likely to do so, sources with direct knowledge of the matter told Reuters on Tuesday. Privatisations, a key part of Greece's international bailout agreements since 2010, have reaped just 3 billion euros ($3.4 billion) so far, far short of the initial target of 50 billion euros, amid political resistance, bureaucratic problems and union opposition. Binding bids for Greece's railway network are due by 1400 GMT on Wednesday. Athens is selling TRAINOSE and maintenance company ROSCO to meet the terms of its latest EU/IMF deal signed last summer. It received non-binding expressions of interest in TRAINOSE from Italy's state railway, RZD and Greek construction group GEK-Terna in April.

Dozens of demonstrators blocked the entrance to Greece's privatisation agency offices in central Athens on Friday and planned more protests during the day against the sale of the country's two biggest ports. Privatisations have been a key plank of Greece's succession of bailouts since 2010 but have reaped poor revenues due to political resistance, union protests and bureaucracy. Greece has agreed the sale of a 67 percent stake in Piraeus Port to COSCO for 368.5 million euros. Under its third international bailout, Athens also plans to sell a majority stake in its second largest port in the northern Greek city of Thessaloniki later this year.

Greek port workers walked off the job for a sixth day on Tuesday and marched through central Athens to protest the state-sanctioned selloff of the country's two largest ports, Piraeus and Thessaloniki. Privatisations have been a pillar of a succession of international bailouts for Greece since 2010, but political resistance and bureaucracy has stymied the task. From an initial target of 50 billion in revenue from asset sales, Greece has barely managed to scrape together 3 billion euros. Fearing layoffs, port workers have been on 48-hour rolling strikes since last week and have said they will not return to work unless their requests are addressed. "Everything, taxes, bills, the living cost, is going up. Daily food has become more expensive.

Greece will invite investors to submit binding bids for a majority stake in the country's second largest port in Thessaloniki at the end of September, sources close to the privatisation said on Monday.   Under its third international bailout agreed in July, Greece will sell a 67 percent stake in the port. Investors will be asked to make mandatory investments of about 220 million euros in the port, one of the sources said.   Denmark's container terminal operator APM Terminals, Phillipines-based International Container Terminal Services ICTS and Dubai-based P&O Steam Navigation Company (DP World) were strongly interested in the Thessaloniki port, the head of the country's privatisation agency said last month.   (Reporting by Angeliki Koutantou)

A general strike in Greece has been extended by another 48 hours and is affecting the routes of domestic and local ferries and commercial vessels calling at Piraeus, Aspropyrgos, Eleusis, Pachi and Megara ports for cargo discharging, announced Inchcape Shipping Services (ISS). The continuation of the strike action by the Seamen’s Union involves another 48-hour stoppage and began at 6 a.m. on January 29 (the first 48-hour strike action commenced at 6 a.m. on January 27). The Towage and Salvage Crew Union of Piraeus also staged a four-hour stoppage today from 6 to 10 a.m. and will repeat this tomorrow, January 30. During the stoppage period, vessels will not be able to berth, shift or sail from the affected ports.

Greece said that final bids for a majority stake in Piraeus Port Authority, operator of its biggest port, were submitted on Monday but the prospective buyers will not be made public until early next month. Alexis Tsipras's government had halted the sale after winning elections in January but resumed the process under the 86 billion-euro bailout deal it agreed with its euro zone partners in the summer. The deadline for final bids was 1700 GMT on Monday. "The procedure for the submission of binding offers for Piraeus Port Authority was completed today," the country's privatisation agency (HRADF) said in a statement. The agency said there will be an announcement on Jan. 12 when the bids will be unsealed.

Greece expects binding bids to be submitted later on Monday for a majority stake in Piraeus Port Authority, operator of its biggest port, but will not announce the prospective buyers before early next month, two sources at the country's privatisation agency (HRADF) said on Monday. The leftist government of Alexis Tsipras had halted the sale after winning elections in January but resumed the process under the 86 billion-euro bailout deal it agreed with its euro zone partners in the summer. The deadline for final bids ends at 1700 GMT on Monday. A senior HRADF official said the bidders will not be announced before early January when foreign observers on the agency's board and experts attend the opening of the offers. "Everyone should be present when the offers are opened," the official said.