Greece Launches Sale of Crete Port Stake

April 5, 2021

Credit: Efesenko/AdobeStock
Credit: Efesenko/AdobeStock

Greece on Monday launched a tender for the sale of a majority stake in a port on the island of Crete, a popular tourist destination in Europe.

The conservative government has been keen to attract investment and upgrade its port facilities across the country after years of underspending and a decade-long financial crisis.

Investors can submit expressions of interest for a 67% stake in the port of Heraklion, the busiest on Crete, by July 30, the country's privatization agency, which is managing the sale, said on Monday.

The port serves cruise ships, ferries and freight vessels.

Greece is also selling majority stakes in the ports of Alexandroupolis and Igoumenitsa in northern and western Greece, as part of a privatization scheme aiming to raise 1.8 billion euros ($2.11 billion) this year. 

($1 = 0.8511 euros) 

(Reporting by Angeliki Koutantou; Editing by Alison Williams)

Logistics News

Xeneta: Weekly Ocean Container Shipping Market Update

Xeneta: Weekly Ocean Container Shipping Market Update

Argentinian Grain Ports Operate Normally Post Strike

Argentinian Grain Ports Operate Normally Post Strike

Konecranes Introduces Gottwald ESP.4 Mobile Harbor Crane

Konecranes Introduces Gottwald ESP.4 Mobile Harbor Crane

Argentine Labor Strike Hits Ports

Argentine Labor Strike Hits Ports

Subscribe for Maritime Logistics Professional E‑News

MOL: Croatia must allow Russian oil to flow into Hungary and Slovakia
Hungary blocks 90 billion Euro loan to Ukraine over Russian Oil Row
Brazil's Government considers easing airline access to the public aviation fund