Greece
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Springfield to convert 2 more OBOs to VLCCs in Oman
ATHENS: Onassis-controlled Springfield Shipping is to convert two oil-bulk-ore (OBO) carriers to VLCCs at Oman Drydock Company (ODC), Oman. The...
Drybulk giant Star Bulk offloads ageing capsize 170,162 dwt
ATHENS: Drybulk giant Star Bulk Carriers has sold ageing capesize Star Mega (170,631 dwt, built 1994) to an unnamed party....
Shreyas Shipping buys small containership from OEL worth of €7m
ATHENS: Shreyas Shipping & Logistics has signed a memorandum of understanding to acquire a sub-panamax containership from UAE-based Orient Express...
Market share decline may leave Europe with no investment bank champion
ATHENS: Retrenching and cost-cutting European investment banks are on course to lose market share to their bigger US rivals for the...
Greece risk miscalculating Merkel on grecek aid: Tsipras
ATHENS: Greece Prime Minister Alexis Tsipras is testing Angela Merkel’s patience, risking the best hope for keeping his country in...
Greece drama nears final act, ending uncertain
ATHENS: Euro zone leaders will attend an emergency summit on Monday, hoping to thrash out a plan with Athens to...
ECB to raise Greece Bank aid 3rd time in a Week
ATHENS: The European Central Bank raised emergency funding for Greek lenders for the third time in less than a week,...
Greece, creditors push for breakthrough
ATHENS: Greece Prime Minister Alexis Tsipras spoke to the leaders of Germany, France and the Europea Commission by phone on...
Greece’s Golden port a takeover target
ATHENS: Greek dry bulk and small containership owner Goldenport Holdings has revealed itself as an acquisiton target for an unknown...
Grexit risk hikes as Eurogroup meeting ends without Greece deal
ATHENS: Greece and its international creditors failed to clinch a deal on Greece's bailout issue on Thursday, raising the risks...
Greece Gets ECB Lifeline While Tsipras Prepares for EU Summit
ATHENS: The European Central Bank extended Greece a financial lifeline ahead of a meeting of leaders on Monday that may...
Star Bulk offloads ageing capsize star Mega 170,631 dwt
ATHENS: Drybulk giant Star Bulk Carriers has sold ageing capesize Star Mega (170,631 dwt, built 1994) to an unnamed party....
Greece hopeful of last-ditch deal despite default warnings: FM
ATHENS: Athens said Friday it was still hopeful for an 11th-hour deal to stop it defaulting on its debt, as...
Greece bank deposit outflows Topps €1b on Thursday: sources
ATHENS: Greece savers pulled more than 1 billion euros from banks in one day on Thursday, three senior banking sources...
Greece expenditure contracts by €2.6 billion in the first 5 months of the year
ATHENS: The halt in government payments to suppliers and state entities combined with the crumbling of public revenues make up...
Greece Central Bank Warns Against Default
ATHENS: The Greece central bank has warned that failure to reach a bailout deal with its international creditors will result...
IMF says Greece may not get Grace period or delay for deal
ATHENS: International creditors demanded Thursday that Greece propose economic reforms that could break the impasse in bailout talks. Greece was...
Greece hopes alive to get bailout funds with ‘Grexit’: Gabriel
ATHENS: Funds from Greece’s bailout programme would continue to flow to Athens even in the event of the country leaving...
Oil prices up as dollar decreases by 0.5% one month low
ATHENS: Oil prices rose on Thursday as a weaker dollar made fuel cheaper for holders of other currencies, and on...
Shreyas shipping & Logistics signs MOU with OEL to buy containership worth of $7m
ATHENS: Shreyas Shipping & Logistics has signed a memorandum of understanding to acquire a sub-panamax containership from UAE-based Orient Express...
