Bimco: No Greek palace revolution

The big winner of the Greek election, left-wing party Syriza, has called for increased taxes and privatizations. This will likely not apply to the shipping industry, says analyst.

Photo: /ritzau/Thomas Borberg

The world's largest shipping nation, Greece, is facing a new political reality following Sunday's election. Harvesting roughly 36 percent of the votes left-wing party Syriza won nearly half the 300 seats in the Greek Parliament.

The question concerning the structure of the new government was likely settled on Monday. Right-wing party, Independent Greeks, announced shortly before noon that they will enter the government as minority party along with the left-wing winner.

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