Coastal shipping fares to rise

Coastal shipping fares to rise by 8 percent on regulated routes

Merchant Marine Minister Giorgos Voulgarakis announced an 8 percent increase in fares on regulated coastal shipping routes, those subsidized by the state and those where fare liberalization does not apply for lack of competition.

The increase, based on inflation, will be effective from May 1 and is the first hike since May 27, 2005, when it was 6.8 percent. From now on fares will be adjusted every year on May 1, based on the consumer price index of the previous January-December period, the Minister has decided.

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