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Piraeus

Cosco's Piraeus Investment Plan to Be Resubmitted for Approval

China’s Cosco shipping consortium is expected in the coming days to re-submit its multi-million-euro investment plan for Piraeus to the country's Committee of Planning and Development of Ports. The submission will include the company's comments on the previous report issued by...

US Navy Destroyer Docks in Piraeus (video)

The Arleigh Burke-class guided-missile destroyer USS Mitscher arrived in Piraeus on Saturday for a scheduled port visit. U.S. Naval Forces Europe-Africa Command states the visit serves “to enhance U.S.-Greece relations as the two allies work together for a stable, secure,...

Greece Approves Chinese Conglomerate Cosco's Plan for Luxury Hotels in Piraeus

The Greek government gave the green light on Thursday to the Chinese conglomerate Cosco to convert three buildings at the Piraeus port into luxury hotels. The Greek Culture Ministry's Central Council for Modern Monuments unanimously approved the Piraeus Port Authority's...

Greek Court Rejects ''Mr. Bitcoin's'' Appeal for Release

The misdemeanors court of Piraeus has rejected an appeal for release from detention on behalf of the Russian national Alexander Vinnik, also known by his nickname ''Mr. Bitcoin.'' Vinnik is currently the target of several international arrest warrants for the crime...

Greece's Port of Piraeus Records Stunning 147% Increase in Profits for 2018

The Piraeus Port Authority (OLP) announced on Friday that the company's net profit for 2018 was 147 percent higher than what it had earned in 2017. The Authority noted in a statement that its profits before tax amounted €42.3 million...

Cosco's Investment Plan for Piraeus Under Threat

The Piraeus Port Authority (PPA) will make a last-ditch attempt on March 10 to convince the Greek government to unblock the 580-million-euro ($650 million-dollar) investment program by China's Cosco Shipping consortium. A government commission had nixed the Port Authority management's investment...

Port of Piraeus Signs Agreement With Italian Ports

The Greek port of Piraeus signed a memorandum of understanding with Italy's port authorities from the cities of Venice and Chioggia on Monday. The agreement seeks to develop port services and promote increased trade between Europe, the Mediterranean and the...

Port of Piraeus Hosts Its Largest Ship Ever (video)

The largest container ship which has ever docked in Piraeus arrived in Greece's largest port on Monday. The behemoth belongs to the Chinese conglomerate COSCO. The COSCO Shipping Line's "Nebula" was delivered to its owners in October of 2018. It can carry more...

Greek Businessman Kidnapped in Piraeus

The Greek police have launched a desperate manhunt for at least four men suspected of kidnapping a businessman in Piraeus on Thursday. TV station Skai reported that the suspects grabbed the victim and pushed him forcefully inside a black Volkswagen...

The Fastest Speedboat in The World To Be Routed in Greece's Cyclades (video)

World Champion Jet, the new acquisition of Sea Jets reached the port of Piraeus after a long journey from Denmark. The new giant speedboat can carry up to 1,055 passengers and 215 vehicles, reaching a speed of 50 nautical miles...