Greece moves forward with higher tonnage tax

On Tuesday, the Greek Parliament and the country's international creditors reached agreement on a bailout, which includes, among other factors, new conditions for the Greek shipping cluster.

Photo: Petros Karadjias/AP/POLFOTO

Negotiations between the Greek government and its international creditors crossed a milestone on Tuesday when the parties agreed on a new financial bailout that is expected to secure the country upwards of EUR 86 billion in new loans over the next three years.

In return, Greece must implement comprehensive reforms that will impact sectors including the country's major shipping cluster. And following the deal, the Greek shipping industry now faces a new reality with new conditions, reports The Shipping Herald. This includes the tax laws for Greek shipping which have been a point of contention during the negotiations between the Chairman of the EU Commission Jean-Claude Juncker and the Greek government.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Esvagt strikes huge deal with Totalenergies

The French oil major expands its partnership with the Danish service carrier, which secures long-term contracts on eight vessels that will now deliver far more than safety solutions. The agreement is expected to create jobs for more than 160 seafarers.

Western Bulk aims for listing in third quarter

The strong dry bulk market is prompting Norway's Western Bulk to aim for a listing in the third quarter. The carrier projects that the market will strengthen in the second half of the year.

Further reading

Related articles

Trial banner

Latest news

See all jobs