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

Greek Ferries Chartered Out to Ease Cash Flow

October 16, 2012

A HSW Ferry: Photo credit CCL 2 Georgios Pazios
A HSW Ferry: Photo credit CCL 2 Georgios Pazios

Several Greek coastal shipping firms have resorted to chartering their ferries on foreign routes in order to secure some liquidity and continue operating.

Companies believe that their smooth operation is being threatened by the negative course of the domestic maritime transport market as losses over the last three years have reached up to 1 billion euros, reports Greece insiders 'Kathimerini'.

Sources say that at least three ferry companies have chartered their vessels on routes outside Greece in the last few years. They are ANEK, Hellenic Seaways (HSW) and Maritime Company of Lesvos (NEL).

Source: Kathimerini

Logistics News

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

Kuwait Petroleum Offers Oil, Refined Fuel Outside the Strait of Hormuz

Kuwait Petroleum Offers Oil, Refined Fuel Outside the Strait of Hormuz

Wheat Prices Rise After US Diplomatic Attempts Falter

Wheat Prices Rise After US Diplomatic Attempts Falter

Subscribe for Maritime Logistics Professional E‑News

Nagel, the Bundesbank's president, expressed concern about the rise of far-right groups.
Russia attacks petrol station in Kyiv and global agribusiness Dnipro
Vietnam Airlines orders five Airbus A350-900s on a provisional basis from Airbus