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

Adriatic Gate Container Terminal Curbs Crane Noise Pollution

Adriatic Gate Container Terminal Curbs Crane Noise Pollution

Incat Crowther to Design All-Electric Cargo Vessel

Incat Crowther to Design All-Electric Cargo Vessel

New Functions for BlueBox Systems Freight Tracker

New Functions for BlueBox Systems Freight Tracker

USACE taps Gatehouse Maritime for AIS Tech

USACE taps Gatehouse Maritime for AIS Tech

Subscribe for Maritime Logistics Professional E‑News

Brazil's Petrobras awards $800 mln agreement to SLB for services in offshore fields
EasyJet to improve presence at Italy's airports following ITA-Lufthansa deal
Korean Air completes Asiana takeover to form one of Asia's biggest airline companies