George Prokopiou

The start of the school year marked the ringing of the bell… for an investment barrage from domestic and international players alike, who are rushing to position themselves in one space after another.

With sales in the residential areas running, having reached almost 100% for the beachfront residences and 65% for the apartments that went on the market at the end of 2023, and the individual developments within the area gradually locking in, the pieces of the puzzle of the Hellenikon mega investment are now coming together at an accelerated pace.

The compensation process for approximately 750 workers at the Skaramangas Shipyards by the company's special administrator has gathered pace and, once concluded, will represent the final step ahead of the delivery of the shipyards without any obligations to the group of George Prokopiou.

Interest in the construction of new ships carrying liquefied natural gas and liquefied petroleum gas has been expressed in recent days, according to brokerage firm Intermodal.

A total of nine LNG Carriers and LPG Carriers agreements were signed last week.

During last week's Greener Shipping Summit 2019, the speakers and delegates often appeared to be still at odds over how to meet the new environmental regulations with just a month-and-a-half to go until the International Maritime Organization sulfur cap comes into force.

ABN AMRO is pumping billions of dollars into its shipping finance business as the sector looks to recovery – just as European rivals cut their exposure due to tougher capital constraints, the Dutch state bank’s head of shipping said.

ABN AMRO has tripled its ship finance portfolio to around $7-8 billion from $2.5 billion in 2009-2010, Gust Biesbroeck told Reuters.