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

Puerto Rico Inks LNG Contract with New Fortress Energy

Puerto Rico Inks LNG Contract with New Fortress Energy

Panama Canal Unveils Decade Roadmap of Transformation

Panama Canal Unveils Decade Roadmap of Transformation

Nissen Kaiun Becomes Stakeholder in Econowind

Nissen Kaiun Becomes Stakeholder in Econowind

China's Hold on Global Ports focus of Trump Administration

China's Hold on Global Ports focus of Trump Administration

Subscribe for Maritime Logistics Professional E‑News

Trump names board to mediate New York rail dispute
Oil prices remain stable as markets wait for Fed rate decision
Oil prices increase as the market considers Russia's supply risk and US rate decision