For well over a decade, the 1,217-gross-ton ferry Alkyon (built 1965) has been moored in a remote backwater of the Port of Piraeus and, as each year passes, the abandoned ship settles deeper in the water. Observers fear that it will sink altogether sooner rather than later.

No doubt the Piraeus Port Authority (PPA) is well aware of the problem but those following the ship’s decline say the PPA's hands are tied by Greece’s complicated bureaucracy.