Cosco

Who Owns Greece’s Ports? The Companies and Billionaires Behind Them

Greece's ports are becoming some of the most closely watched pieces of infrastructure in the Eastern Mediterranean. But the ownership map is more complicated than the simple idea that Greece has “sold its ports” to foreign companies. At Piraeus, Chinese shipping...

Ten Years After China’s COSCO Transformed Piraeus, America Bets on Elefsina

Ten years after COSCO became the controlling shareholder of the Port of Piraeus, the Chinese shipping giant can point to a transformation that has helped make Greece’s largest port one of the Mediterranean’s most important maritime hubs. However, the anniversary...

China Accuses US of “Cold War Mentality” in Greek Port Power Play

Tensions between the US and China over strategic infrastructure in Greece have intensified, focusing on the Chinese-operated Greek Port of Piraeus and a competing US-backed plan for a new hub at Elefsina. Greece is currently advancing a legislative plan to...

US-Greece Plan New Elefsina Port to Rival China’s Piraeus Hub

Greece is rapidly advancing a legislative plan to transform Elefsina (Eleusis) into a critical energy and transnational logistics hub, a move directly backed by the US to establish a strategic alternative to the Port of Piraeus, which is controlled...

Thousands of Containers With Chinese Goods Seized at Piraeus Port

The European Public Prosecutor's Office (EPPO) has charged six individuals, including two customs officers, for their alleged involvement in a criminal network that flooded the EU with fraudulently imported goods from China through the Port of Piraeus in Greece,...

Greece Urges China’s COSCO to Upgrade Infrastructure at Piraeus Port

Greece has urged Chinese shipping giant COSCO, which manages the Piraeus Port, to upgrade the passenger facilities at the country's largest port to enhance passenger services and improve the quality of life in Piraeus city. Greek Maritime Minister Vasilis Kikilias...

Greece’s Piraeus Port Achieves Record Revenues and Profits in 2024

Greece's Piraeus Port, run by China COSCO Shipping Corporation, posted record-high revenues and profits in 2024, the company announced on Monday. The Piraeus Port Authority S.A. (PPA), which operates the country's largest port, announced that total revenue reached 230.9 million...

US Blacklists China’s Cosco, Operator of Greece’s Piraeus Port

The US Department of Defense has blacklisted Cosco, the Chinese firm managing Greece’s largest port, Piraeus, over alleged links to China’s military. While the move does not carry legal sanctions, it has raised concerns in Greece, where Piraeus plays a...

Massive Container Ship Docks at Piraeus, Greece

One of the largest ships in the world, the newly built "OOCL Piraeus", arrived earlier in the week for the first time in the port of Piraeus, Greece. The Orient Overseas Container Line Ltd (OOCL) vessel was greeted at a...