Pressured Greek banks are trying to severely reduce billion dollar loans to the country's shipping industry - which has world's largest commercial fleet - reports Reuters, based on information from sources in the banking and shipping sectors in Greece.
There seems to be a growing fear that Greece could end up being thrown out of the Euro Zone, if the government is not able to reach permanent agreements with the other EU member states concerning the Greek economy and the country's huge debt, which is a key reason behind the activity that has Greek banks working overtime.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
First dry bulk shipping company issues ban against coal transportation
In the name of the climate, tonnage provider Eastern Pacific Shipping prohibits customers in its commercial management business to transport coal. Ultrabulk COO Hans-Christian Olsen doesn’t believe it’s the right way to go.
Growth prompts OSM to send 150 managers on a leadership course
An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.
MSC, Lufthansa mull acquiring Italian state aviation firm
The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.
Container lines stand to have earned USD 190bn in 2021
Container shipping companies earned USD 190bn in 2021, expects Drewry, and 2022 is set to become even better with an estimated sector profit of USD 200bn despite limited growth in freight volumes.
Maersk Supply launches charging venture, targets upwards of 100 ports over five years
Maersk Supply Service has established a company set to launch floating charging stations for ships. The company aims to supply 50-100 ports with chargers over a five-year period as part of the Maersk subsidiary’s transition away from oil and gas. Updated.
Sales Director 
Chief Operating Officer 
Financial Controller 
Safety & Operations Manager 
Director of Lederne Søfart 
Key Account Manager, Denmark