China’s Cosco Pacific will bid for a majority stake in Greece's port of Piraeus after the country's new socialist government apparently reversed course on its opposition to port privatization.
Port of Piraeus
Port of Piraeus
24 Mar 2015
China is expected to step up pressure on Greece to revive the stalled privatization of the port of Piraeus during a visit to Beijing this week by ranking members of the new Athens government.
24 Mar 2015
HONG KONG — Cosco Pacific reported a 2.3 percent increase in net profit in 2014 as revenue growth across most of the grou
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.
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.
05 Jan 2015
Asia’s container terminal operators will be the big winners in 2015, according to the latest HSBC transport indicators report that has International Container Terminal Services Inc. (ICTSI) as one of its top picks.
16 Dec 2014
Cosco Pacific, the port operating arm of China’s largest shipping company, has growth its throughput by 10 percent from January through November this year, a reflection of strong export volumes that kept its terminals busy during the second half.
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.
25 Aug 2014
The persistent congestion clogging major gateway ports in the U.S. and Europe is raising a debate about whether it’s just peak-season volumes causing delays in import shipments or the inability of ports to handle the sharp growth in container ship sizes.
24 Jun 2014
Even as it shot down an ambitious plan by Europe’s three largest ocean carriers to join forces, China was beefing up its bid to create a continental gateway to distribute its products across its largest export market.
19 Jun 2014
Greece has received expressions of interest from eight companies bidding for a majority stake in the Thessaloniki Port Authority (OLTH), the operator of the country’s second largest seaport.