ENGLISH EDITION

ENGLISH EDITION

Supply chain weakens; Road, air, sea transport problems grow

Sources warn that if the current economic conditions continue beyond April and governments do not quickly find solutions to restore trade flows, consequences will be widespread. Supermarkets are already seeing some shortages of imported goods, but they are limited. Industry officials say that supplies on basic goods are considered to be at satisfactory levels and that there is no reason for consumers to feel concerned about supply levels.
ENGLISH EDITION

As Asia gets back to work, port shipping traffic backs up

According to shipping analysts, the first ships began receiving the above container shipments in early March and now (three weeks after) are heading to ports for delivery. These are orders that were submitted before factories in China and other Asian countries were closed and are being carried out as production resumes. However, meanwhile, and specifically in the last 10 - 15 days, economic conditions have changed dramatically in Europe and the US, with consumer demand dropping dramatically and the majority of stores shutting down. This led to buyers of Asian factory products, retailers, canceling many orders.
prinos
ENGLISH EDITION

Turbulent times raise shutdown risk for Greece's only oil field

Greece's Prinos, the country's only operating oil field, is facing the risk of shutting down hit by record low prices brought on by the Russia-Saudi Arabia price war and plunging demand in the wake of the coronavirus outbreak. Operating since 1981, the offshore oil field is located 18 kilometers off the northern town of Kavala. Company officials say that it is an old oil field that needs lots of new capital amidst falling production levels.