Greece on Wednesday shut down its Public Ports Authority (PPA), an agency that made headlines late last year for attempts to lift a high-profile wreck at the expense of its owners.

Shipping minister Yiannis Plakiotakis said the PPA, which was set up by the country’s previous left-wing government four years ago, was no longer needed.

“I never understood what purpose it served in the first place,” he told lawmakers in parliament on 18 March, introducing legislation to scrap the authority.