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

Wisconsin Ports Holds Annual Meeting to Advance Maritime Priorities

Wisconsin Ports Holds Annual Meeting to Advance Maritime Priorities

Nick Miller Named Chief Growth Officer at Erickson Marine

Nick Miller Named Chief Growth Officer at Erickson Marine

Argent LNG, Albania to Evaluate Development of Import Terminal

Argent LNG, Albania to Evaluate Development of Import Terminal

WTO: Global Goods Trade Strengthens Despite Uneasy Politics

WTO: Global Goods Trade Strengthens Despite Uneasy Politics

Subscribe for Maritime Logistics Professional E‑News

Nine Russians are killed and dozens injured in Ukraine by Russian attacks. Moscow claims it hit ships, plants
The oil markets have survived the Iran War sprint. Bousso: Now the marathon.
Agency reports that 243 passengers from an Indonesian passenger ship have been reported missing at sea.