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Article: Greece: China's COSCO takes over container business at Greek port.
- Article from:
- TendersInfo
- Article date:
- October 6, 2009
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The Greek Piraeus Port Authority on Wednesday signed an agreement on transferring the operation of Piraeus container terminals to China's COSCO Pacific Ltd.
From Thursday on, Pier 2 and Pier 3 of Piraeus Container Terminals will be under COSCO management for 35 years, according to the agreement.
Chief representative of COSCO in Greece said the two sides would work together to build modern container terminals and provide reliable, flexible and high efficient services for shipping companies.
Piraeus is the biggest port in Greece and one of the most important ports in the Eastern Mediterranean region. Its handling ...