Tag Archives: Cosco

Greece’s highest administrative court has pulled the brakes on an investment plan for the country’s biggest port that was part of the 2016 concession agreement between Piraeus Port Authority (OLP) and China Ocean Shipping Company (Cosco). In a ruling on Monday, judges at the Council of State found that previous …

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COSCO Workers at Piers II and III in Piraeus port launched one more 48-hour strike on Friday to demand up-to-date safety conditions at work and an investigation into a fatal accident at the Piraeus Container Terminal, in which a worker was killed. ENEDEP, a union representing workers handling containers at …

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The European Investment Bank (EIB) formally agreed to provide 140 million euros to support expansion and upgrading of the Port of Piraeus, the country’s largest port. The loan is the largest ever for investment in the port and in the country by the EIB. The total investment plan amounts more …

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Investigators of EU anti-fraud office OLAF are demanding that Greek customs pay more than €200 million for failing to act against a major Chinese fraud network dumping ultra-cheap clothing and footwear in Europe. Customs officials failed to halt big scheme to avoid import duties and tax, investigators say. An investigation …

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Chinese Shipping corporation COSCO Greece objected on Wednesday to terms submitted to parliament for the sale of Piraeus Port to China COSCO Shipping, saying they were inconsistent with those previously agreed with the Greek privatization agency TAIPED. COSCO blames Greece for amending the original Piraeus Port deal agreed between the …

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Chinese online-shopping giant Alibaba is expressing an interest in Greece now that Cosco Pacific’s investment in the port of Piraeus appears to be in the bag. Officials of the world’s biggest online sales corporation will visit Athens this week, and in September Alibaba has arranged for contacts with the Greek …

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Riot police batons fell on protesters’ back, while Prime Minister Alexis Tsipras was shaking hands with the CEO of Chinese COSCO Xu Lirong to seal the privatization of the Port Of Piraeus Organization. Outside the Zappeion mansion where the official ceremony was taking place, port workers had gathered to protest …

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Real and potential investors were shocked on Wednesday to hear new Greek coalition government government ministers announcing the halt of privatizations. Most worried of all,  is China with its 35-year concession agreement for its COSCO subsidiary in Piraeus – in operation since 2008 – and its plans to buy large …

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Powerful and multi-awarded Captain Wei Jia Fu, chairman of the board of Cosco Hellas returns to China after a decision of central party committee. China Ocean Shipping Group (Cosco) announced the decision on Tuesday. Greek media report of some investors allegedly blaming Captain Wei for losses during the last two years. …

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Boosting competitiveness, creating thousands of jobs. The hub deal between Hewlett-Packard, Cosco and Trainose brought smiles in the faces of Greek government, the Prime Minister and the Development and Maritime ministers. “The deal between Hewlett-Packard, Cosco and Trainose to use Cosco΄s cargo terminal at the port of Piraeus as a …

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