The ferry company and a number of partnering companies are seeking EU funding to cover part of the costs of the new hydrogen fuel cell-based, electricity-powered ship. They hope it will be up and running in 2027

The commitment to fleet expansion will come as a huge relief to Europe’s shipyards, which continue to dominate this sector even though most containerships, tankers and bulkers are now built in Asia

Joint team’s offering includes consultancy and advisory services spanning operational and technical issues, health, safety, environment and quality standards, financial and business plan due diligence and assessments

Traditional direct subsidies for the shipping industry have been replaced by tax incentives. But these have benefited some sectors more than others and threaten to distort the market

The pandemic has affected employment in many maritime sectors, with passenger shipping particularly hard hit. A new fund has been set up for those made redundant to boost their skills to stay in the industry

A vital contributor to the economy as well as a lifeline to the country’s island population, Greece’s ferries face a tough winter but also have longer-term renewal challenges to overcome