EuropePorts and Logistics

Grimaldi to take over Heraklion port 

Photo of Sam Chambers Sam ChambersJune 14, 2023
374 Less than a minute
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Italy’s Grimaldi Group is bolstering its footprint in Greece. The company, which owns Minoan Lines, has been selected as preferred bidder for Crete’s top port, tabling €80m ($86.4m) for a 67% stake in the Heraklion Port Authority in the latest phase of Greece’s port privatisation process. 

Last year Grimaldi was selected in a €84.7m deal last year to buy a 67% stake in Igoumenitsa Port Authority in northwestern Greece.

Since 2016, when China’s COSCO bought a controlling stake in Piraeus port, Greece has been putting successive port holdings up for sale. 

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Photo of Sam Chambers Sam ChambersJune 14, 2023
374 Less than a minute
Photo of Sam Chambers

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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