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Cosco

Cosco Plans More Investments in Piraeus as It Gets Port Control

"We will continue the investments in Piraeus port" said Cosco's general director Wan Min on Wednesday at the opening of Athens Stock Exchange (ASE) session on the occasion of the transfer of 51 percent of Piraeus Port Authority (OLP)...

Cosco Sends Containers to Slovenia Due to Greek Railway Strike

Cosco has decided to transfer its containers to the port of Koper in Slovenia from Piraeus in order to deal with the Greek railway strikes. Since the tariffs for small feeder ships are currently at very low levels, the...

China and Greece Vow for Further Cooperation

China and Greece vowed on Tuesday to well implement the Piraeus Port project and make it an important part of the bilateral cooperation on the Belt and Road Initiative. The pledge came as Chinese President Xi Jinping met with Greek...

Cosco to Invest Additional €500 Mln in Greece's Piraeus Port

Chinese giant Cosco is to invest an additional 500 million euros on developing Piraeus Port, as it was revealed during Prime Minister Alexis Tsipras' visit to China. The Greek prime minister visited Cosco headquarters in Shangai on Tuesday where he...

Greek PM Alexis Tsipras Gets Symbolic Gift in China

Chinese leader Li Keqiang gave Prime Minister Alexis Tsipras a bicycle as a gift on Tuesday. The present had symbolic value with Keqiang stating that bilateral relations are like a two-wheeled vehicle. "Our relations with China are like a...

Tsipras Points to COSCO Deal As a New Phase for Greece

Greek Prime Minister Alexis Tsipras signed a deal with Chinese shipping giant COSCO on Monday in an effort to "help the country stand on its feet." Addressing a business forum in Beijing, Tsipras said that "we are sending a...

Greek PM Tsipras Leaves for China to Attract Investments

Greece's Prime Minister Alexis Tsipras is departing today (Friday) for a five-day official visit to Beijing and Shanghai in an effort to attract Chinese investments. During his visit to China, Tsipras will meet with Chinese premier Li Keqiang and other...

Greek Parliament Ratifies Piraeus Port Majority Stake Sale to Chinese COSCO

Greek parliament on Thursday ratified the sale of the majority stake of Piraeus Port to China's COSCO, a day prior to the departure of Prime Minister Alexis Tsipras for Beijing for an official visit. The vote in parliament came one...

COSCO Says Greek Draft Bill Violates Terms of Landmark Piraeus Port Deal

The government submitted a bill for the approval of a concession agreement with Chinese multinational  COSCO on Wednesday. The draft legislation brought to Greek Parliament allows the Chinese shipping giant to acquire a majority stake in Piraeus Port (OLP),...

Competition Commission Rubber-Stamps COSCO-OLP Sale Deal

The Competition Commission approved the sale of a majority stake in Piraeus Port (OLP) to China’s COSCO during its meeting on Wednesday, saying it is in line with Greek competition laws. “Having taken into account the conditions and prospects of...