Strong Partners for Global Maritime Power


Being the largest ship-owning country in the world, Greece has become a maritime hotspot over the past decades. At SMM Hamburg, the world’s largest shipping show, PALFINGER signed a letter of intent with its Greek partner ELTRAK, furthering their longstanding

Posted on September 11, 2022 at 3:43 p.m. by

The Maritime Executive

Controlling over 21% of the world’s merchant fleet, Greece is in a league of its own. Greek shipping is also considered one of the safest in the world. PALFINGER has long recognized the potential of the Greek market and has already worked successfully with the ELTRAK Group for more than twelve years, successfully selling PALFINGER marine cranes as well as land lifting solutions.

During the 30th edition of the world’s leading maritime trade fair SMM (Shipbuilding, Machinery and Maritime Technology) in Hamburg, PALFINGER signed a letter of intent with ELTRAK to strengthen its position as a complete solution provider for the Greek market. ELTRAK can now rely on the entire PALFINGER portfolio, enriched with other marine products such as lifting and handling solutions, winches and rescue gear.

One-stop shop and Greek service center

“Greece is a global maritime power. Having a reliable and successful local partner with strong roots in the Greek maritime industry is crucial for us, which is why we are more than happy to extend our partnership with our important partner ELTRAK,” says Gerhard Sturm, Senior Vice President Global Sales & Service at PALFINGER, during the signing ceremony in Hamburg. Besides supplies of marine equipment, PALFINGER focuses on the flourishing service business in Greece. The letter of intent allows ELTRAK to officially promote, sell and support PALFINGER’s product portfolio not only for land equipment and cranes, but also for the entire maritime portfolio. PALFINGER products and services are now unified under one roof in Greece, making the partner a one-stop-shop and service center in the Mediterranean. With this milestone, PALFINGER continues to grow into a full solution provider in line with the company’s Vision & Strategy 2030.

“We are delighted to officially expand the ELTRAK/PALFINGER cooperation in marine products. As the country with the longest coastline in the Mediterranean, Greece has a very strong global presence in the maritime sector, as does ELTRAK. is with renewed enthusiasm that we look forward to working even more closely with our PALFINGER colleagues to seize all opportunities,” adds Natasha Covas-Kneiss, ELTRAK GROUP CEO and Vice President.

The products and services described in this press release are not endorsed by The Maritime Executive.


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