Intense Competition for the Privatisation of Three Greek Regional Ports

By | 2021 Newsletter week 34 | No Comments

Three ferry operators —Attica Group, ANEK and Grimaldi­— are expected to compete for the privatisation of the three ports: Igoumenitsa, Patras and Heraklion.

In brief:

  • Grimaldi Group controls Minoan Lines and seek to acquire a port in order to form a bridge between the Adriatic Sea services and Crete.
  • The Port Authority of Thessaloniki (PAT/Ivan Savvidis’ Group) is strongly interested in the port of Igoumenitsa, as it considers it of great importance for its strategic expansion and development.
  • Greek Ferry Operators seek to control either the port of Igoumenitsa or Patras in order to exert pressure on Grimaldi in Heraklion.
  • Grimaldi is interested in both ports (Heraklion, Igoumenitsa) and possibly will be interested in Patras as well. However, there will be a competition issue if they eventually control the port of Igoumenitsa.

Regarding the investors’ participating in the privatisation process for the three ports:

  • For the 67% of the Igoumenitsa Port Authority qualified Attica Group, Portek International, Quintana, Aegean Oil, Archirodon joint venture with ANEK and Trident Hellas, Grimaldi Euromed consortium with Minoan Lines and the Port Authority of Thessaloniki.
  • For the 67% of the Port of Heraklion, the deadline for the investors’ interest expires on September 17, 2021. Active interest has already expressed by Greek cruise companies, the Greek Group AVIAREPS (G. Grylos), Grimaldi Group, Attica Group, GEK TERNA and the Port Authority of Thessaloniki.
  • The tender process for the port of Patras has not started yet.

Source: Spyros Roussos and Kathimerini newspaper 25 August 2021

RoRo Terminal at Stockholm’s Norvik Port Opens this Autumn.

By | 2020 Newsletter week 45 | No Comments

The RoRo terminal at Stockholm Norvik Port has two new berths for the largest ferries and roro ships.

One of the quay-berths has a length of 280 metres and a depth of 10.5 metres. The other quay-berth has a length of 230 metres and a depth of 10 metres.

These are the final two of a total of nine ramps that have been delivered to Ports of Stockholm in recent years.

Stena Line will start to operate from Norvik as from 9 November. (route Nynashamn – Ventspils)

Nine Candidates for the Port of Igoumenitsa

By | 2020 Newsletter week 45 | No Comments

Eventually, nine investors have expressed interest for the acquisition of the 67% of the Igoumenitsa Port Authority (OLIG). The specific port has high profitability and respectable infrastructure and the future candidate will also take over pitches, buildings and facilities that are within the port zone and managed by OLIG as well as the fishing shelters of Sagiada and Plataria, and the yacht marina at Sivota. The 9 candidates that expressed interest in the port of Igoumenitsa are the following:

  • Port Authority of Thessaloniki
  • Quintana Infrastructure & Development
  • Attica Holdings
  • Danthia Shipping Company Limited: a private shipping company based in Cyprus
  • Marg Limited: Infrastructure Company in India listed on the Mumbai Stock Exchange
  • Portek International Private Limited: subsidiary of Japanese Mitsui & Co. Ltd., based in Singapore, manages 7 medium-sized ports
  • Aegean OIL SA: part of the Aegean group (belongs to the Melissanidis family) with activities in the Greek oil and shipping market, trade in energy products, etc.
  • ARCHI-RODON GROUP NV- ANEK consortium and TRIDENT HELLAS GROUP: a Greek construction company, ANEK Lines and a part of the American group Trident that provides security solutions and consulting services
  • Grimaldi Euromed-Minoan Lines consortium: belong to the Italian group Grimaldi, a multinational supply chain group specializing in the operation of roll-on / roll-off ships, car and ship transport.

Attica Group Interested in the Port of Igoumenitsa

By | 2020 Newsletter week 41 | No Comments

Attica Group expressed serious interest in the port of Igoumenitsa, in the context of the forthcoming tender for the sale of 67% of the Igoumenitsa Port Authority S.A.

It is pointed out that Attica Group has a long-standing presence on the Adriatic Sea, especially in the Patras – Igoumenitsa – Bari and Ancona lines.

According to the information, Attica Group will declare itself “present” in the forthcoming tender, making its first step to expand the group’s activities in new business fields, such as logistics and tourism.

It is pointed out that the Italian group Grimaldi, Attica’s major rival in the Adriatic services, has also shown similar interest in the port of Igoumenitsa.

FERRY PORTS

By | 2020 Newsletter week 31 | No Comments

Grimaldi Group Interested in the Privatization of the Port of Igoumenitsa

Grimaldi Group revealed to Ferry Shipping News its interest to take over the Greek port of Igoumenitsa.

As of today, Grimaldi Lines and also Minoan Lines offer maritime links between this port and the Italian ports of Brindisi, Ancona and Venice.

The interest of the Italian group Grimaldi for the Port of Igoumenitsa was officially confirmed by the head of the group, Mr. Emanuele Grimaldi, during his recent visit in Athens, on the occasion of the introduction of KYDON PALACE on the Piraeus-Chania line.

Mr. Grimaldi had the opportunity to meet in person with the Minister of Shipping and Island Policy Mr. Giannis Plakiotakis, in whom he expressed his interest to participate in the international tender that will be announced soon by the Hellenic Republic Asset Development Fund (HRADF), since among the activities of the Italian group is also the port facility management.

The HRADF is expected to announce the tenders for the ports of Alexandroupolis, Kavala (Philip II pier) and Igoumenitsa in the near future. For the first two ports there has been a strong American interest, while for the port of Igoumenitsa there is a clear interest from the Grimaldi group as it connects Greece with Italy.

In a short-term period also the HRADF is expected to announce tender for the port of Heraklion, which is also the headquarters of Minoan Lines, a subsidiary of the Italian group.

TOP STORY

By | 2019 Newsletter week 48 | No Comments

In passenger and freight volumes, the port of Igoumenitsa is one of Greece’s most important Western Balkan gateways, playing a key role in the development of domestic and international freight. FSN met with Mr Athanasios Porfiris, the new CEO, and had a constructive conversation about his vision and plans, the potential and the future of the significant Western Port of Greece.

European Commission Approves €47 Million Public Support For Greek Port Of Igoumenitsa

By | 2019 Newsletter week 41 | No Comments

The European Commission has approved, under EU State aid rules, Greece’s plans to grant €47.3 million of public support for the construction of a new quay in the port of Igoumenitsa.

The aim of the project is to decrease congestion, harmful emissions and the risk of accidents, by relocating the port’s international activities to a new quay situated out of the city of Igoumenitsa.

The Commission assessed the measure under EU State aid rules. It found that the public support was proportionate and necessary for the implementation of the investment. Furthermore, the Commission considered that Igoumenitsa, while being a relatively small port with limited transport volumes at EU level, is part of the core trans-European transport network (TEN-T).