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Tag Archives: Cosco

Council of State nixes Piraeus port investment plan by COSCO-OLP

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 in Piraeus on 48h strike, demanding safety work conditions after fatal accident

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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European Investment Bank to provide €140mn loan to Piraeus Port

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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Chinese online giant Alibaba considers to expand in Greece

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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Deputy PM Dragasakis: “We have a long list of investment opportunities”

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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Cosco Hellas: Captain Wei goes… targets allegedly not met

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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HP-Cosco-Trainose hub deal signed in Athens

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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