marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

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

French Polynesia Multipurpose Vessel to Use Liebherr LS-C 60 Crane

French Polynesia Multipurpose Vessel to Use Liebherr LS-C 60 Crane

Singapore Ship Registry Marks 60 Years, Plans Digital Upgrade

Singapore Ship Registry Marks 60 Years, Plans Digital Upgrade

European Wheat Prices Rise to One-Week High

European Wheat Prices Rise to One-Week High

US LNG Exports Increase in September, Europe Outbids Asia for Cargoes

US LNG Exports Increase in September, Europe Outbids Asia for Cargoes

Subscribe for Maritime Logistics Professional E‑News

Bangladesh buys 11 additional Boeing jets to strengthen trade relations with the US
Oil giants rush in to help Italy's Meloni reduce energy costs by introducing fuel price caps
Poland suspects Starlink fire as a sabotage