
Coastal shipping companies are taking immediate steps to reduce fares for specific social groups.
According to the latest information, during the meeting at the Maximos Mansion it was agreed that there will be big discounts on social tourism starting from August 1st, which will reach up to 50%. In particular, given the participation of the state, the beneficiaries of social tourism are expected to pay 10% of the ticket value.
Discounts of up to 20% on family tickets also start immediately.
The government asked for discounts and offers
It is noted that the government staff asked the coastal shipping companies to submit proposals for discounts and offers on the trunk routes, i.e. the basic routes of the coastal shipping, immediately. As the government officials pointed out, the ferry companies must also contribute to lightening Greek family burdens.
Representatives of the shipping ministry reported that the meeting was in a good atmosphere and the liners, for their part, exposed the problems that concern the sector, such as the large operating losses of previous years, the need to renew the fleet, etc.
Minister of State Akis Skertsos participated in the meeting from the government side, along with Minister of Shipping, Miltiadis Varvitsiotis, the Minister of State, Mr. Stavros Papastavrou, and the Deputy Minister to the Prime Minister, Yiannis Bratakos, and from the side of the seafarers, the president of Association of Passenger Shipping Companies-SEEN, Mr. Spyros Paschalis, and Marios Iliopoulos of Seajets.
Association of Passenger Shipping Companies
The meeting was held to discuss the prices of ferry tickets, however the President of the Association of Passenger Shipping Companies (SEEN), Mr. Spyros Paschalis, raised all the issues that concern the sector, which serves a national project.
The dominant issue is the need to renew the coastal shipping fleet with greener ships, something that must be done by 2030.
The shipping companies have kept the prices stable in the last year although the fuel prices have decreased significantly (about 40%), as increased wage costs (+8%), mark-ups in repair and spare parts costs (+18%) and the increased insurance premiums (+29%) and the rise in interest rates are obstacles that prevent a reduction in the prices of ferry tickets at this stage.
They also point out that in previous years the sector was faced with huge operational losses, as a result of which some companies such as e.g. ANEK to face a problem of survival.
At the same time, shipping fuel was charged as claimed by the shipping companies by 100 dollars per ton after the decision of Helleniq Energy (ELPE) to change the basis for calculating the price of shipping fuel and take into account the prices of Rotterdam, instead of the Mediterranean. with the consequence that the actual drop in fuel costs will be smaller.
In addition, the need to build strong balance sheets in order to finance the renewal of the fleet, in view of the new environmental regulations, until 2030 is clear. It is estimated that the renewal of the Greek shipping fleet will require investments of 2.5-3 billion euros, just for the renewal of the existing ships over 25 years old, until 2030.
The government
The government’s message was that everyone should contribute to the national effort to relieve the Greek citizens and the Greek family due to the energy and inflationary crisis.
The government has asked the cruise lines to present proposals to the passenger public with significant discounts on trunk routes. That is, where the ports of Piraeus, Rafina, Thessaloniki and Kavala have their departure or arrival point, while they are invited to present specific discounts that will concern the service of the Greek family.


Latest News

Goldman Sachs Maintains ‘Buy’ for PPC
The multinational investment bank and financial services company estimates PPC’s financial results were in line with expectations, with the American investment firm highlighting positive surprises in the execution of the company’s business plan.

Piraeus: Former Tobacco Factory to Become Vibrant Mixed-Use Hub
The development will feature 408 fully furnished apartments ranging from 44 to 69 square meters, including open-plan studios and one- or two-bedroom apartments.

Mitsotakis Announces Salary Increases for Armed Forces & Reaffirms Stance on Ukraine
From Paris, Greek Prime Minister Kyriakos Mitsotakis announced new salary increases for uniformed personnel

PPC: 2024 Goals on Target With EBITDA at 1.8bln€
Power utility announces data center 'valley' in western Macedonia of 1 GW, with energy of 2.7 GW

Chevron Eyes New Offshore Blocks South of Crete
This development follows Chevron’s recent interest in an offshore area south of the Peloponnese, a move that was reaffirmed today and has already been approved by the ministry.

Greece Announces Minimum Wage Increase to 880 Euros
Prime Minister Kyriakos Mitsotakis announced that Greece’s minimum wage will increase to 880 euros starting on April 1, 2025.

Renewable Energy: Greece Prepares for Easter Grid Strain
Greece will hold a meeting to prepare for potential blackouts over Easter, stemming from high renewable energy generation and low demand.

Turkish Tourism Surge Expected as Greece Extends Express Visa
There is growing support for making the program permanent, as it has proven to be a crucial factor in increasing visitor numbers to these islands.

Maritime Industry Leaders join new MIT Maritime Consortium with a mission to drive forward research and development of groundbreaking technologies
Maritime Consortium’s Founding Members include the American Bureau of Shipping (ABS), Capital Clean Energy Carriers Corp. and HD Korea Shipbuilding & Offshore Engineering, Innovation Members include Foresight-Group, Navios Maritime Partners, L.P., Singapore Maritime Institute, and Dorian LPG.

Eurobarometer: Inflation, Cost-of-Living Top Greek Concerns
For Greeks, the EU's push for stronger defense capabilities takes back seat to the need for a focus on addressing the cost-of-living crisis.