MacroPolis

US-China port spat gives Athens taste of diplomatic challenges ahead

The Chinese embassy in Athens has issued a pointed rebuke to comments by the US ambassador about the ownership of Piraeus port, highlighting the risks posed by the Greek government’s growing alignment with Washington.

Government outlines plans for rival port to Piraeus in strategic partnership with US

Greece’s strategic alignment with the US came one step closer with the announcement of plans to upgrade the port of Elefsina, west of Athens, as a rival to the COSCO-owned port of Piraeus.

Privatisation of key northern ports on hold amid strategic rethink

The ports of Alexandroupoli and Kavala in northern Greece are to remain under state control, according to a surprise announcement made last week.

Balance of payments shows shipping on course for bumper year, but economic benefits unclear

By: Georgia Nakou

Shipping provided the one bright spot in Greece’s trade balance in May, with transportation contributing 2.16 billion in receipts, compared to 1.44 billion the same month last year, an increase of 50 pct