English

Thursday, 22 Φεβρουάριος 2024

Profile: Three-day rally; capitalization exceeds 100 million euros

Profile’s capitalization on the Athens Stock Exchange has risen above the psychological limit of 100 million euros, with the company’s share registering a dynamic three-day rally. The listed company rose…

PPC proceeds with the development of its fiber optic network

PPC remains cautious over the release of information related to the implementation of its plans in the field of telecommunications services, while it is progressing its program of developing an…

Euroseas: The ‘comeback’ of the containerships charter market

The head of Euroseas, Aristides Pittas, spoke about the “unexpected comeback” of the containerships charter market, during the announcement of the financial results for 2023. “One-year charters are up about…

United Maritime Corporation: New bulk carrier amid positive prospects

United Maritime Corporation strengthened its fleet with a new bulk carrier, “seeing” particularly positive prospects in the market. The president and CEO of the US-listed company, Stamatis Tsantanis, during the…

Wednesday, 21 Φεβρουάριος 2024

Greek shipowners investing in ammonia tankers

Greek shipowners are investing in one of the most promising future markets for green fuels. More specifically, Greek shipowners are placing orders for large ships that will be able to…

The cost of the Suez bypass to the Greek economy

The Houthi attacks have forced many shipping companies to bypass the Red Sea resulting in delays in the transport of products, increased fuel costs and higher consumer prices. If the…

Spitogatos Insights: Increase in property rental and sale prices in Piraeus

The average asking price in commercial properties for sale in Piraeus (1,231 euros/sq.m) rose 12.8% in 2023 compared to 2022 while the corresponding price increase in the suburbs (993 euros/sq.m.)…

Greece’s «vote of confidence» in Japanese shipyards

A major customer of the Japanese shipyards is Samos Steamship. The Greek shipping company added three more ships to its order book over the last months. These are two bulk…

10 million euros annually from dormant bank accounts

About 10 million euros are added annually to state coffers from dormant bank accounts. In fact, these are deposit accounts that no transaction has been made in the last 20…

Intralot: The corporate bond and its extroversion strategy

Intralot has turned to a higher margin model, recording an EBITDA margin of approximately 36.6% for the twelve-month period ending in 2023 from approximately 31% at the end of 2022,…

Anastopoulos Shipbrokers issues sustainability report, adopts ESG standards

Anastopoulos Shipbrokers published the first official sustainability report in Greek shipbroking, signaling its commitment to nine environmental, sustainability and governance (ESG) standards. The report follows an evaluation by an independent…

Antonio Taquis: Strengthening of Greece-Panama relations

The head and owner of Panama Shipping Agency & Services, and former ambassador of Panama to Greece, Antonio Taquis, spoke about the establishment of the Greek embassy in Panama in…

Thenamaris: The fuel “map”

Shipping group Thenamaris is implementing a program of permanent renewal of its fleet, selling its oldest ships and investing in new or second-hand modern ships. At the same time, it…

Gerapetritis: Greece to be India’s gateway to the EU

Foreign Minister Giorgos Gerapetritis addressed a greeting on the sidelines of the CII India Europe Business and Sustainability Conclave, in New Delhi. Gerapetritis is paying a visit to the country…

Tuesday, 20 Φεβρουάριος 2024

PPA: The crucial role of Piraeus dominates the 5th Balkans & Black Sea Forum

The critical role of the Port of Piraeus in trade and the global supply chain, as an important gateway to global shipping, was highlighted during the 5th Balkans & Black…

Titan Group seen registering record profitability in 2023

In a statement, Titan Cement International SA provided a brief update ahead of the group’s annual results on March 13, 2024, as interim and unaudited financial results for 2023 exceed…

National Bank completes Frontier II transaction

National Bank of Greece informed investors on the completion of the Frontier II transaction, which involves the securitization of a portfolio of non-performing exposures (“NPE”) with a total gross book…

Hatzidakis: Iris banking system the most useful tool for citizens and professionals

The Iris banking system is the most useful tool for both citizens and professionals, Finance Minister Kostis Hatzidakis said in the parliament. The minister emphasized that the specific system ensures…

Lamda Development: Landmark award for The Ellinikon Experience Park

The Ellinikon Experience Park was awarded with the SITES Gold level international certification as a model urban park meeting the sustainability criteria. The Sustainable SITES Initiative certification is the international…

Banks: Dividends, capital returns and SSM objections

Deferred tax appears to be re-entering the banks’ agenda, most likely in an attempt by the SSM to pressure banks to hold back the capital returns and dividend distributions they…

Hellenic Development Bank contributed 8.5 billion euros to GDP in 2019-2022

Τhe modern financing tools of the Hellenic Development Bank (HDB) contribute to the green transformation of small and medium sized entrepreneurship, the preservation and increase of jobs and the qualitative…

Raptis (ECSA): Aspides operation necessary to deal with security risks in Red Sea

Following increasing attacks on merchant shipping, the EU Council officially launched the EU defense operation for maritime security in the Red Sea on Monday. On a day when two commercial…

GERMANOS: Strong performance in 2023 – New products in 2024

The year 2023 proved to be another successful year with strong performance for GERMANOS stores. The partners of the network made an assessment of the past year and were informed…

Piraeus-Elefsis affected by Ukraine and Red Sea conflicts

The conflicts in Ukraine and the Red Sea have seriously affected bulk carriers and tankers arriving in Piraeus – Elefsis. The president of the Ship Agents Union of Attica –…

Monday, 19 Φεβρουάριος 2024

Shipping: The dilemmas for investing in alternative fuels

Methanol is at the center of the latest report it published. “It is essential to recognize that green methanol is not carbon free. Emissions are still produced during combustion,” the…

Metsola to “N”: We need to spend more on defense, listen to farmers

The President of the European Parliament, Roberta Metsola, referred to the need for “strategic autonomy of the EU, complementary to NATO and not in competition with it”, in an interview…

Stock market: The «ESG» stocks that stand out into 2024

The index monitors the daily performance of the listed companies that adopt and display practices in matters of environment, society and corporate governance. The FTSE ESG was launched 2.5 years…

VIANEX: 100 years of history – «Aiming at the top of Europe»

VIANEX group has completed a century of history in the pharmaceutical field. In 1924, the family’s first pharmacy was founded and entering its second century, the company has today established…

VIANEX: 100 years of history – “Aiming at the top of Europe”

VIANEX group has completed a century of history in the pharmaceutical field. In 1924, the family’s first pharmacy was founded and entering its second century, the company has today established…

IOBE: Circular economy infrastructure to bring 1.1 billion and 37,000 new jobs

The transition from the linear to the circular production model creates business and economic opportunities with significant social and environmental benefits, according to the Foundation for Economic & Industrial Research…

Piraeus Bank: Strong interest from 30 funds

Piraeus Bank is expected to meet its goal for the participation of at least 30-35 funds – of high quality – in the bank’s share capital, as analysts consider the…

Fragista: A strategy for the competitiveness of shipping must be urgently adopted

Marily Fragista underlined the positive results of the Greek-French cooperation in the shipping sector during a conference held in Paris, entitled “Thalassa: From the Archipelago to the Oceans.” Fragista, member…

Stock market activity and latest trends

Piraeus Bank: The share continues to outperform compared to the rest of the banking sector and the General Index. Since the beginning of the year, Piraeus has risen more than…

Simantonis: The EU should recognize the strategic role of shipping

Shipping is faced with fierce global competition, so it is vital that the EU recognizes, through its policies, the strategic role of the sector, maintaining its competitiveness against other shipping…

Piraeus Port shows resilience to Houthi attacks

The container terminal of the port of Piraeus seems resilient despite the fact that the Red Sea crisis and Houthi rebels’ attacks on merchant ships have forced most ships to…

Friday, 16 Φεβρουάριος 2024

Greek shipowners: New “entries” in the market of bulk carriers

Among these companies are Costamare which continued tonnage purchases, with an emphasis now on larger sizes, and Danaos Corporation, which expanded during 2023 to oversize capesize trucks, having now built…

Number of smokers in Greece remained stable – Increase in alternative types of smoking

The percentage of adult smokers in Greece rose to 28% of the population in 2023, which in absolute numbers corresponds to approximately 2,200,000 people, the majority of whom are men…

Fragakis (GNTO): Record arrivals and revenue in tourism in 2023

“2023 was a milestone year, a new record year for Greek tourism,” the General Secretary of the Greek National Tourism Organization (GNTO), Dimitris Fragakis, said in an interview with Naftemporiki…

Vodafone Greece: Investments of 1 billion euros until 2029 for stand alone 5G network

Vodafone Greece is planning investments of 1 billion euros until 2029 for the development of the mobile telephony network (stand alone 5G) and the expansion of the fiber optic infrastructure…

Greek rice prospects in the international market positive under certain conditions

Greek rice shows positive prospects in terms of strengthening its extroversion and its establishment in the international market, according to the results from the proceedings of the 2nd Panhellenic Rice…

Hellenic Banking Association: Significant footprint on society, economy in 2023

The footprint of the Hellenic Banking Association (HBA) on the society, the economy and the banks in 2023 was significant. As noted, the Hellenic Banking Association completed 95 years of…

SQLearn: Three-year partnership renewal with Nereus Shipping

Nereus Shipping S.A. and SQLearn agreed the three-year extension of their cooperation regarding the training of personnel on 13 Nereus tankers. The renewal of services provided to Nereus Shipping is…

Containership rates up 300% due to attacks in the Red Sea

Containership rates have increased by 300% as a result of attacks on ships in the Red Sea, Dr. Ioannis Koustas said, commenting on the market conditions, following the announcement of…

Greek shipowners targeting product tankers

Greek shipowners are targeting tankers transporting oil products in the secondary market, while charters specifically for MR type tankers have “climbed” to an 11-year high. In the last week, Greek…

Stylianidis: Shipping the main pillar of “blue economy”

Minister of Maritime Affairs and Insular Policy, Christos Stylianidis, during his speech at a Franco-Greek Dialogue event held in Paris, emphasized that shipping is a main pillar of the “blue…

Thursday, 15 Φεβρουάριος 2024

Safe Bulkers proceeds with the gradual renewal of its fleet

During the fourth quarter of 2023, the company was affected by the weak environment in the dry cargo market – due to geopolitical developments, with reduced revenues and profits, as…

Scenarios over BC Partners’ intention to withdraw from United Group

After the acquisition of Wind, Nova completed a year of operation as a telecommunications company offering all kinds of services, such as fixed and mobile telephony, internet and pay TV.…

M/Maritime goes ahead with the fleet renewal plan

M/Maritime proceeded with the acquisition of a Japanese-made modern bulk carrier of the ultramax type. It is a 63,405 dwt vessel built in 2017. The vessel was built by Imabari…

Greece sees maintaining high growth rates in 2024 and 2025 with focus on investments

While strong eurozone economies such as Germany and France are not expected to record high growth rates, Greece in 2024, based on the European Commission’s winter forecasts, will register the…

Dendias signs agreement for Greece’s accession to ‘European Sky Shield Initiative’

National Defence Minister Nikos Dendias is expected to sign an agreement for Greece’s accession to the NATO missile-defence project ‘European Sky Shield Initiative” on Thursday in Brussels. Both Greece and…