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

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Baltic Index Hits Almost Five-Year High

Baltic Index Hits Almost Five-Year High

PANYNJ, CALSTART Launch Electric Truck Incentive Programs

PANYNJ, CALSTART Launch Electric Truck Incentive Programs

Lloyd’s Register, MARIC Secure AiP for Tri-Fuel Tanker Concept

Lloyd’s Register, MARIC Secure AiP for Tri-Fuel Tanker Concept

Subscribe for Maritime Logistics Professional E‑News

Trump will meet with the CEOs of the travel industry to discuss tourism.
Sources say that Chinese buyers are seeking alternatives to Middle East oil as they increase their purchases of Russian ESPO crude.
France begins testing Tesla's self driving tech