Modern ultramaxes are currently the most appealing type of bulk carrier, based on the latest deals, in which the Greek shipowners dominate. According to data from domestic shipping companies, a…
Cenergy Holdings announced a new contract for Corinth Pipeworks, its steel pipe segment, for steel pipes with CO2 reduction certificates. Subsea7, one of its long-term customers, opted to take advantage…
The group’s consolidated revenues increased by 9.2% to 877.6 million euros, due to strong performance in Greece. Adjusted EBITDA rose 1.2% to 326.0 million euros, with a margin of 37.1%.…
Alphaliner pointed out in its analysis the dynamics of independent shipping companies managing containerships, mainly from Greece and Asia, although liner shipping companies are reducing their dependence on ship charters.…
A total of 277,000 self-employed and professionals have already added the IRIS system to the payments to their customers, while the National Economy and Finance Ministry is planning to extend…
Inflation stood at 3.1% in April, according to the Hellenic Statistical Authority (ELSTAT). Double-digit growth rates continued to be recorded in April for olive oil, fruit and fish. However, the…
The average price of the basket in online consumer shopping during Easter reached 63 euros, up 7.95% compared to the corresponding period last year, according to Skroutz data. Based on…
Prodea Investments places an emphasis on the hotel industry, with the further development of its existing properties as well as new acquisitions. After the acquisition of 55% of Mediterranean Hospitality…
Following a new order for two state-of-the-art LR2 tankers, Aegean Shipping Management and COSCO seal a relationship of trust, which has been built step by step, for a decade. Aegean…
A total of 25,190 new applications were submitted to the out-of-court mechanism in the first quarter of 2024, compared to 13,830 in the first quarter of 2023. According to the…
The President of SEVE-Greek Exporters Association, Simeon Diamantidis, in statements to “Naftemporiki TV” spoke about the course of Greek exports and expressed his optimism despite the small drop. “Exports dropped…
Today we showed that next to our disagreements we can also write a parallel page with our agreements, Greek Prime Minister Kyriakos Mitsotakis said after meeting with Turkish President Recep…
A new report by the Global Maritime Forum (GMF), conducted by engineering and sustainability consultancy company Arup, highlights that achieving the target will require large quantities of scalable zero-emission fuels,…
Banks’ profitability may be moving higher but banking institutions are not functioning as they should, at least in terms of credit expansion, which is one of the core operations that…
Costamare announced a significant increase in revenue by 89% or 221.4 million dollars in the first quarter of 2024. The US-listed ship owner and operator of bulkers and boxships saw…
Shipowners invested nearly 8 billion dollars in ships that can burn alternative fuels in April, reflecting the industry’s significant steps toward a greener future. “Shipowners’ investment and commitment to more…
The fields of energy cooperation between the two countries are expected to be discussed – among other things – during the meeting between Greek Prime Minister Kyriakos Mitsotakis and Turkish…
Banks are faced with new challenges as the set of proposed banking reforms known as “Basel IV” will come into effect on January 1, 2025. However, 2025 will also be…
The Chinese company Yutong, manufacturer of commercial vehicles, mostly electric buses, whose management has established a subsidiary company in Greece, seeks to consolidate itself in Europe. The first electric buses…
The dry ports of the Thessaloniki Port Authority (ThPA S.A.) are put into operation again in the Balkans, as it emerged from the regular annual general meeting of the company’s…
The price of coffee is expected to increase by 10% – 20% in the next period, the president of the Greek Coffee Union, Tasos Giagoglou, said in an interview with…
Τhe European Commission is expected to announce the new four-year fiscal restrictions which will not focus on primary surpluses, as was the case until now, but on public spending changes.…
Α 3% percentage of Jumbo’s share capital changed hands, as the head of the listed company, Apostolos Vakakis, proceeded with a pre-agreed sale of 4 million shares at a price…
In the time period we are currently living in, following the global challenge of Covid-19, it is clear that the Greek health system, both in the public and private sector,…
A new partnership for codeshare flights was announced by Aegean and Saudia, the airline of Saudi Arabia, during the Arabian Travel Market 2024 (ATM) in Dubai. This new commercial partnership…
The distribution of dividends will largely determine the way that banks will manage their liquidity. Regarding the National Bank of Greece (NBG), the Hellenic Financial Stability Fund (HFSF) still holds…
Titan announced that it intends to proceed with a US stock market listing of the Group’s subsidiary, Titan America, raising funds that will facilitate the financing of the future growth…
The current week includes three more trading sessions, with the domestic market remaining in an Easter mood. Of course, this not has not prevented the Athens Stock Exchange General Index…
The IT sector exhibits intense activity, with a series of acquisitions and mergers in the last three years, which is expected to affect, to a certain extent, the correlation of…
Shoes and leather goods with “ecological” leather, swimwear and bath towels mainly for children, keyboards and computer “mouses”, are some of the industrial products that will be checked, to ensure…
Leading shipowners will address the 8th Naftemporiki Shipping Conference, which will take place on Wednesday, May 15, 2024 at the Stone Warehouses of the Piraeus Port Authority (PPA). Leading Greek…
Almost a third of Greek shipping loans come from Greek or Cypriot banks. In particular, according to the latest research by Petrofin Research, the total loan portfolio of Greek shipping…
The weighted average interest rate on new deposits remained unchanged at 0.53% in March 2024, while the corresponding rate on loans increased to 6.24%, the Bank of Greece said. The…
The Athens Stock Exchange is climbing to new 13-year highs on Wednesday, the first trading session after the Easter holidays, bridging the distance from the next threshold of 1,500 points.…
The Easter turnover, including travel, food and accommodation services, will be recorded by the Hellenic Statistical Authority (ELSTAT) in the monthly statistics of April and May, confirming the estimate that…
Global solar and wind energy installations have been on the rise in recent years as efforts for the so-called “green transition” are in full swing. Thus, for the first time,…
The tanker orderbook in relation to the active fleet has climbed to its highest level in five years, driven by a spectacular increase in newbuilding investment since the second half…
Representatives of domestic retail, industry and consulting companies pointed out to “Naftemporiki” the risks and challenges that may accompany the imminent implementation of a single harmonization framework. Rationalization The European…
The Revythoussa terminal is expected to have fewer cargoes in May than originally planned. As competent sources of the Administrator reported to “Naftemporiki”, May will ‘close’ with 2 loads compared…
A catalytic factor for the future of Europe is the production and processing of raw materials on European territory, the Association of Mining Companies pointed out in an open letter…
Greek shipowners play a leading role in the international transport of liquefied natural gas, investing in a market with particularly positive prospects. According to shipping brokerage sources which monitor the…
2024 will be the year of a complete return of global tourism and air transport to pre-pandemic levels, the president of the federation of travel agencies in Greece Fedhatta, Lysandros…
Successive multi-million-euro investments have been announced in the real estate sector over the last months, with new residential and tourist developments opening one after the other, from the northern suburbs…
MSCI is expected to announce its index review on Tuesday, May 14, 2024. In the MSCI Greece Standard Index, interest is now focused on ELPE’s share, as it seems to…
The improvement in the profit margin in the listed large construction groups combined with the high backlog contribute to the positive assessment for the course of the sector in the…
Listed companies, along with banks, saw a profit explosion in 2023, as they achieved net profits of 10.34 billion euros, up 12.8% compared to 2022. The listed companies achieved the…
Greece’s energy sector is in the spotlight amid strong activity by major energy groups, which are either “repositioning” themselves in the domestic market – through purchases or sales of assets…
As Giorgos Bassakos, an analyst in the sales department of the shipping brokerage HellasChart, stated to “Naftemporiki”, the massive rerouting of ships from the Cape of Good Hope to avoid…
More than 250,000 POS – cash register connections were implemented by the enterprises, meeting the goal set by the National Economy and Finance Ministry and the Independent Public Revenue Authority…
Aegean Airlines will distribute a dividend for the first time in four years for the financial year 2023. During the annual general meeting, the company’s chairman, Eftichis Vassilakis, said that…
