Greece as a Shipping Centre: Myth or Modern Legend?

by Bridget Hogan

Piraeus is changing – and it’s changing into more of a maritime centre, as banks flock in to do business in the lucrative Greek home market. But the trend begs the question: is it truly a shipping centre? And, to that, the answer must be no.

Some shipping companies are boosting the already considerable operational base by moving in and relocating from London in particular. This is mostly in anticipation of tax changes expected from Prime Minister John Major’s government. These have not yet materialised, but Greek shipowners may have the public image of being tough workhorses, they also have the nervous dispositions of thoroughbreds. So, under this presumed threat, they are moving operational activities back into Piraeus or, in the case of their commercial operations, into the leafier and more alluring suburbs in Northern Athens or along the coast at Vouligmeni.

This is only an excerpt of Greece as a Shipping Centre: Myth or Modern Legend?

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.