Afternoon Coffee: Greek Shipowners Eye New Homes, Fewer Container Ships Scrapped This Year

coffee with pen and paper

The Greek economic downfall and an expected increase in taxes is prompting shipowners in Greece to move operations elsewhere. Greece’s now Syriza-led government is looking to hike income-based shipping taxes to try to reduce the nation’s debt.  

The declining price of scrap metal is causing shipowners to keep their container ships for longer, as well. A new industry report showed only 47 vessels were scrapped in the first half of 2015, down from the 107 vessels scrapped during the same period last year.

The US consumer confidence index saw a boost in September, increasing to 103 from the 101 registered in August. This puts consumer confidence at its highest level since January.

If consumers are not happy enough already, it’s National Coffee Day, which means free coffee! Check out where you can grab a free cup of joe today!


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