Syriza, Greece’s radical left-wing coalition party will cause concern among Greece’s shipping industry who face increases in their contribution to the country’s economy.
Syriza, led by Alexis Tsipras, has said it wants to re-examine from scratch all tax concessions given to shipowners. Many of Greek shipowners might consider leaving the country. According to Bank of Greece figures, shipping brought in over EUR 12bn ($13.9bn) in foreign exchange in 2013, down from EUR 13.3bn in 2012, while the 2013 outflow totalled EUR 5.6bn.
Dry Bulk Shipping News - Shipbroker Notes