Greece Won't Tax Shipowners Further, But Port Privatisation Still Sailing Ahead

Good news for Greek shipowners, with confirmation from the Greek government that they will not face new taxes. CFW expects this to have been a tough decision for the new administration of Lucas Papdemos, as the country continues to battle its economic crisis. We assert that the decision was a wise one and will likely lead to an increase in revenue from the country's shipping sector. We highlight that Greece's maritime sector is not completely immune from the government's drive to fill its coffers, with the state planning to privatise the nation's ports.

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