Greek shipowners: We cannot afford higher taxes

Greek shipowners cannot afford to contribute more to the state treasury than they do today, says the industry. The carriers are already under severe pressure due to the country's debt crisis.

The Greek shipowners can not afford to pay higher taxes, says Greek shipowners and maritime delegates at the conference Marine Money Conference, which is currently being held in Athens. They are reportedly already struggling to pay installments on vessels, while it is also becoming increasingly difficult to find crews for the ships, reports Hellenic Shipping News.

Part of the debt agreement Greece has entered with its western lenders states that the country's shipping industry is among the sectors that must pay higher taxes. The industry is therefore facing an increased tonnage tax aimed at bringing in EUR 110 million in additional funds to the country's beleaguered coffers ahead of 2017. At the same time, the EU is allegedly pushing for further payments from the Greek maritime cluster. But this is will not work at all, stressed Iraklis Prokopakis, COO of Danaos Corporation, at the Marine Money Conference.

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