The newly formed Greek Government is reportedly planning to abolish the Ministry of Mercantile Marine and Shipping, by dividing its authorities into different ministries.

If this happens, the shipping sector will be run by the expanded Ministry of National Economy, Competition and Shipping.

The relative authorities of ports and port policy will now be under a newly founded Ministry for the Protection of the Citizen, affiliated to the Ministry of Interior Affairs.

The government has recognised the role of merchant shipping as a big boost to the country’s economy and has decided to establish a maritime centre in Piraeus.

The government will also decide to establish new taxation to end the present tonnage-tax regime to offer ship owners new advantages similar to those of an offshore establishment.