Yet again, fears seem to have rekindled in the Greek shipping cluster, with rumors of certain shipowners potentially moving abroad being described as alarming. Shipowners gathered in the Union of Greek Shipowners, UGS, have agreed to pay a higher tonnage tax in relation to the bailout agreement the country's Syriza-led government has signed with its lenders.
Greece's maritime cluster can thus look forward to an increase in tonnage tax of EUR 110 million ahead of 2017.
More from ShippingWatch
In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.