COSCO

EU countries back investment screening plan with China in mind

European Union countries agreed on Wednesday to a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China.

Under the plan, developed in the wake of a surge in Chinese investments, the European Commission would investigate foreign investments in strategic technologies and infrastructure such as ports or energy networks.

New Chinese ambassador visits Piraeus Chamber

The rapid development and the increasingly important role of the port of Piraeus, future investment plans of Piraeus Port Authority SA (OLP), increased interest in the city and the scope for deepening bilateral trade relations between Greece and China were the focus of talks during a visit by China's new ambassador to Greece, Zhang Qiyue, to the Piraeus Chamber of Commerce and Industry on Monda

Court finds strike at PCT illegal

Employees at Piers II and II of Piraeus' Container Terminal (PCT) returned to work on Friday afternoon, as the 24-hour strike called by the Piraeus Labor Center was found illegal by a local court earlier in the day.

The court ruling came after an injunction filed by DPORT, the company that manages staffing for PCT, a subsidiary of China's Cosco.

Committee to decide on OLP's shipyard license on Friday

An Economy Ministry committee will decide on Friday whether to allow Piraeus Port Authority (OLP), majority-owned by China's Cosco, to create a new shipbuilding facility in Perama's ship repair zone.

Cosco had submitted a request for a license to repair mega-yachts to the regional authority, which rejected it, citing a 1984 law that forbids heavy industry facilities in Attica.

Piraeus port blockade draws China complaint

With the blockade of the cargo terminal run by China's Cosco at Piraeus by disgruntled port workers causing serious disruptions in the transfer of cargo shipments and drawing the ire of port officials, the Chinese Embassy in Athens filed a complaint on Friday with the Greek government, urging it to protect China's significant investments in Greece. 

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