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

From Ports to Power Plants: Decision Intel Transforms Critical Infrastructure

From Ports to Power Plants: Decision Intel Transforms Critical Infrastructure

AD Ports Group Cuts Emissions Intensity 6%

AD Ports Group Cuts Emissions Intensity 6%

Copenhagen Named Europe’s Leading Cruise Port

Copenhagen Named Europe’s Leading Cruise Port

Maersk Vessel Marks Ethanol First on U.S. Route

Maersk Vessel Marks Ethanol First on U.S. Route

Subscribe for Maritime Logistics Professional E‑News

Smoke in the cabin causes emergency landing of a Boston bound Delta flight in Portugal
Increased security at US Fairford Air Base in England
Russia claims it has struck Ukrainian defence industry vessels and facilities