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

Argentinian Grain Ports Resume Normal Operations After Strike

Argentinian Grain Ports Resume Normal Operations After Strike

Tymor Marine Conducts Digital Survey Aboard Global Mercy

Tymor Marine Conducts Digital Survey Aboard Global Mercy

Dirty Tanker Vessel Loadings Drop 62%

Dirty Tanker Vessel Loadings Drop 62%

Cimolai Technology Unmoors 800-Ton Goliath Crane, Destined For Fincantieri Monfalcone

Cimolai Technology Unmoors 800-Ton Goliath Crane, Destined For Fincantieri Monfalcone

Subscribe for Maritime Logistics Professional E‑News

Sinograin auctions off two-thirds its soybeans to make room for US cargoes
Gulf oil exports stable in July but still 40% below prewar level
DHL confirms its outlook and bolsters the buyback program after Q2's beat