Greece

Cosco will now own 67% of the Piraeus Port Authority (OLP), as the Hellenic Republic Asset Development Fund (TAIPED) unanimously declared the company as a Preferred Investor for acquiring the aforementioned percentage of stocks. After examining the typical forms as...

The race for a controlling a stake in the Piraeus Port Authority (OLP) may not be that much of race after all. Cosco Pacific is the only country to have made an offer for 51% of OLP on Monday, Kathimerini newspaper reported. The company already...

A European Commission decision issued on Monday that orders Greece to recover incompatible state aid from Piraeus Container Terminal (PCT) does not apply to any part of the Concession Agreement's recent expansion through amicable settlement to the Western...

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...

After a Piraeus Port Authority (OLP) general meeting green-lighted the agreement with Chinese company Cosco regarding the latter's new 230-million-euro investment in Piraeus, Greece, the way is now open for Beijing to move ahead with its export plans in...

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...

Piraeus, Greece's largest port, is looking forward to a much improved cruise tourism season over last year, according to Port officials.

Greece's port of Piraeus has now become the Mediterranean’s top container-handling port, it was reported on May 19. The port, located just outside Athens, handled the equivalent of 5.65 million 20-foot long containers in 2019, rising to become the top...

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...

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...

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...

Greece's Central Archaeological Council (KAS) derailed the multi-million euro investment program of China’s Cosco Shipping consortium on Tuesday, ruling that some proposed projects at the port of Piraeus would affect archaeological sites. In a marathon discussion lasting until midnight, KAS, in a...

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...

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...

Picketing of a Chinese-run cargo terminal at Piraeus this week, has sparked diplomatic tensions between Athens and Beijing. Greek media reports on Friday claimed China's embassy in Athens complained to the government about an incident that took place on Thursday....