Greece’s creditors take aim at nation’s shipowners

Greece’s creditors take aim at nation’s shipowners

Athens: Greece’s creditors are taking aim at the nation’s shipowners in a move that could see many more lines move overseas. According to Reuters, a higher tonnage tax has been demanded by creditors as is the phasing-out of special tax allowances for Greek owners.

The under pressure Greek government is understood to have concurred with these measures.

Any fiscal changes will likely see an exodus of owners to other maritime hubs around the world with New York, London and Singapore keen to take their business.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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