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Greece Offers €20M in Financial Support to Coastal Shipping Companies

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The Ministry of Shipping & Islands Policy. (Photo by Eurokinissi/ Yorgos Kontarinis)

ATHENS -- The Greek government has earmarked financial support worth 20 million euros to coastal shipping companies, acknowledging the sector’s crucial role in the supply and transfer of passengers and goods of the country’s islands.

In a joint ministerial decision published in the government’s gazette, the Shipping and Island Policy ministry said that this money will be offered to coastal shipping companies signing public service contracts to offer free coastal and ferry lines services by December 31, 2020. This will raise the total support package to the coastal shipping sector to 55 million euros.