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Piraeus Port Authority

Greek Port Authority Officers Arrested for Drug Trafficking

In a peculiar case of corruption, two Greek Port Authority officers have been charged with serious offenses involving the illegal removal and distribution of cocaine in a case of corruption and criminal conspiracy. Noteworthy is that one of those...

Geostrategic Powerplay Hinders Massive Chinese Investment in Greece

The decision recently taken by Greece's Central Archaeological Council (KAS) to declare a large part of Piraeus a site of archaeological interest is putting up barriers on a 600-million-euro investment by China's Cosco shipping giant. The Chinese government has shown...

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),...

New Greek Gov't to Halt Port Sale to China and Power Utility Privatization

The new Greek government will freeze plans to privatize the country’s Public Power Corporation (DEH), the energy minister said on Wednesday. Also, Greece will put a stop to the sale of Piraeus Port to China. “We will halt immediately any privatization...

Piraeus Port Authority and Cosco Sign New 230-Million-Euro Agreement

Piraeus Port Authority (OLP) and Piraeus Container Terminal (PCT), part of Chinese company Cosco Pacific Limited, signed today a new revised agreement which envisages a 230-million-euro investment plan in the Greek port. The plan was already approved by the Piraeus port...

Greece's Port Workers On Strike

The workers in ports across Greece proceeded with a 24 hour strike today Wednesday, February 26, reacting to the privatization of the Piraeus Port Authority (OLP), the country's largest port. The Hellenic Federation of Port Workers gathered this morning at the...

Done Deal For COSCO and Piraeus Port Authority

The agreement between the Piraeus Port Authority and the Chinese company COSCO closed. The deal is for investments of 230 million Euros in the port of Piraeus. According to the official announcement by the merchant marine ministry, “the deal involves...

Faliro's Cruise Port Plan Draws Fire

Greece is planning to develop a new port for cruise ships between the Peace and Friendship Stadium and the Faliro Delta, not far from the main port of Piraeus, according to the Minister of Development's Special Secretary for Public...

Piraeus Port to Be Upgraded

Safety issues and matters of better services to cruise passengers were discussed in a meeting at the Piraeus Port Authority (OLP) in view of the summer season, which for most companies begins on March 15. OLP announced that there will be...

Piraeus to Get $268 Million for Cruise-Ship Facility Expansion

Piraeus Port Authority SA (PPA), the state-owned company which operates Greece’s biggest port, said it’s getting Greek and European Union funds to finance a 220 million-euro ($268 million) expansion of cruise-ship facilities. Piraeus will receive 33 million euros in Greek...