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

GTT Marine, Normec Verifavia Announce Emissions Compliance Partnership

GTT Marine, Normec Verifavia Announce Emissions Compliance Partnership

SESCO Welcomes First Two Bulk Cement Vessels to Port Tampa Bay Terminal

SESCO Welcomes First Two Bulk Cement Vessels to Port Tampa Bay Terminal

Panama Canal Increase Daily Neopanamax Capacity to 10 Slots

Panama Canal Increase Daily Neopanamax Capacity to 10 Slots

M2INTELLIGENCE GVMS Solution Rolled Out Across Newport Fleet

M2INTELLIGENCE GVMS Solution Rolled Out Across Newport Fleet

Subscribe for Maritime Logistics Professional E‑News

Wall Street Journal, September 23,
Poland suspects Starlink fire as a sabotage
Ethiopian Airlines suspends flight to Tigray after taking over Mekelle Airport