Head of Greece's Biggest Port Piraeus Resigns

June 10, 2015

The head of Greece's biggest port Piraeus will step down, a statement said on Wednesday, after the port was once more named as a target for privatisation in the country's cash-for-reforms negotiations with international creditors.

Chief Executive Yiorgos Anomeritis has headed the port since 2009. In February, he had informed the new leftist-led government he would stay on until the company's annual shareholder meeting -- which takes place on Saturday -- to help the government in their first months in power.

Piraeus Port is majority state-owned and China's Cosco has been operating two of the port's cargo piers since 2008.

The sale of a majority stake in the port was part of Greece's privatisation plan under its 240 billion euro bailout with the European Union and the International Monetary Fund.

Tsipras' government halted the privatisation after it came in power in January but relaunched it last month, as a concession to break a four-month impasse in negotiations.

Anomeritis had opposed the sale of a majority stake, saying that ports can be managed by different operators but should be majority-owned by the state.

Reporting by Angeliki Koutantou

Logistics News

First Crude Oil Cargo From South Sudan Loaded by BB Energy After Legal Dispute

First Crude Oil Cargo From South Sudan Loaded by BB Energy After Legal Dispute

Hapag-Lloyd Buys ZIM Integrated Shipping in $4.2b Deal

Hapag-Lloyd Buys ZIM Integrated Shipping in $4.2b Deal

dteq Appoints Hagen Hennig as President

dteq Appoints Hagen Hennig as President

Container Shipping Consolidation Continues with $4.2B ZIM Acquisition

Container Shipping Consolidation Continues with $4.2B ZIM Acquisition

Subscribe for Maritime Logistics Professional E‑News

Six people killed and 45 injured in bus accident in Southeastern Brazil
Aberdeen votes against InPost's $9.2 billion takeover by FedEx
New Zealand's wild storm disrupts flights and leaves thousands without power