While politicians wrangle over the Greek debt crisis and economists speculate on the lasting impact to the European and global economy, a decision on who controls a container quay miles away from Athens could reshape European supply chains.
24 Feb 2015
Greece’s pledge on Tuesday not to halt ongoing and planned privatizations has paved the way for the sale of the state’s stakes in the ports of Piraeus and Thessaloniki, Athens airport and rail freight companies.
17 Feb 2015
While Greece struggles to escape financial ruin and an exit from the eurozone, it has cemented its position as the world’s leading shipping nation.
29 Jan 2015
Greece’s new radical left wing government is set to freeze the planned sale of the state’s stakes in Athens airport, the port of Thessaloniki and rail companies as it seeks to tear up some of the conditions of its 240 billion euro ($271 billion) bailout agreement.
28 Jan 2015
Greece’s new government, headed by the populist left wing Syriza Party, said it will scrap the planned privatization of the port of Piraeus, one of Europe’s fastest-growing container ports, fueling uncertainty over its stance toward the nation’s shipping community, which controls the world’s largest fleet.
20 Jan 2015
Container traffic soared 18.5 percent to nearly 3 million TEUs at Cosco Pacific’s Piraeus container terminal last year, again outpacing growth at Mediterranean rivals.
28 Nov 2014
The port of Piraeus has approved a long delayed-agreement with Cosco Pacific under which the Hong Kong-based company will invest a further 230 million euros ($285 million) in container facilities at Greece’s largest port.