Water transport

Greek shipowners have so far this year invested about $5 billion in purchases of 221 used oceangoing vessels.

At the same time, they have also sold used ships, the value of which is approaching $8 billion, as they benefited from the high prices in the market during this period to reap significant capital gains.

A quantity of cocaine whose value reportedly exceeds 1 million euros was confiscated on Monday morning by authorities at the port of Piraeus.

Greek authorities confiscated some 46 kilos of cocaine hidden in a container with bananas aboard a vessel inspected at the port of Piraeus, police sources said on Tuesday.

Last week, Greece announced it had dismantled an international criminal group trafficking cocaine in shipping containers from Latin America to Europe.

Moscow and Kyiv have been negotiating with Turkey for months on an agreement to ensure maritime security in the Black Sea, according to sources

Maritime nations including Denmark and the Marshall Islands are rallying support for a global carbon dioxide emissions levy on shipping, with talks at a critical stage ahead of a UN agency meeting next month that could back the measure.

The Hellenic Coast Guard released a statement on Monday rejecting claims made by domestic and international media that the fishing vessel that was shipwrecked last week off the coast of the Peloponnese was stationary for several hours before capsizing.

Türkiye welcomed more than 299,000 cruise passengers in the first five months of 2023, Transport and Infrastructure Minister Abdulkadir Uraloğlu has announced.

At least 32 migrants drowned and 100 were rescued after their fishing vessel capsized off the town of Pylos in southern Greece, the coast guard said on Wednesday.

A total of 104 people have been rescued so far, according to authorities who estimate that over 400 passengers were on board when the vessel sank. 

Survivors were taken to the town of Kalamata, authorities said.

Based on confirmed bookings for the whole of 2023 (data up to April 30), Greece remains the No 1 yacht charter destination worldwide, with a market share of 27% of all weekly bookings of yachts over 20 meters long, according to the International Yacht Company (IYC), which has an expanded network of 14 offices in nine countries and is one of the largest yacht brokerage companies worldwide.

Piraeus Port Authority Chairman Zenggang Yu described last year as one of the most successful in the history of the port of Piraeus, speaking at the 8th Delphi Economic Forum on Friday.