COSCO

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. 

The Chinese Embassy in Athens has filed a complaint with the Greek government concerning Thursday's blockade of the cargo terminal run by China's Cosco at Piraeus by disgruntled port workers.

Before China's Cosco Shipping arrived in Piraeus, the "Pearl of the Mediterranean" was listed 93rd in the the world's busiest seaports by cargo tonnage.

It has since climbed to 38th.

An Athens court has approved an appeal by the Greek state and Piraeus Bank to prepare the Skaramangas shipyards for liquidation.

As long as there are no objections from the key shareholder Privinvest, which is far from certain, the government will be able to start auctioning the shipyard's assets via an international competition.

Piraeus port, the largest harbor in Greece, entered a new era of handling 20,000 plus twenty-foot equivalent unit (TEU) vessels on Monday when China's Cosco Shipping Taurus giga container vessel, one of the biggest worldwide, docked there.

The 400 m Taurus is the largest vessel to berth at Piraeus Container Terminal (PCT), opening a new chapter in the history of the port.

Lawmakers have approved the sale of a 67 percent stake of the Thessaloniki Port Authority in Greece's second largest city, in a deal worth 232 million euros ($285 million).

Parliament ratified the concession agreement through 2051 which was signed in December with the consortium South Europe Gateway Thessaloniki.

Cosco-controlled Piraeus Port Authority SA (OLP) has accused the state's Public Authority of Piraeus Port (DALP) of a "systematic effort to dispute the privatization of OLP and its operation in the context of the law on private enterprises," effectively speaking of state intervention.

Cosco-managed Piraeus Port Authority (OLP) on Monday announced major overhaul plans for the country's main port, including the construction of four hotels in the area, a new cruise terminal and shopping centers totaling 40,000 square meters that would be open to the wider public as well as cruise passengers.

Cosco-managed Piraeus Port Authority (OLP) on Monday announced major overhaul plans for the country's main port, including the construction of four hotels in the area, a new cruise terminal and shopping centers totaling 40,000 square meters that would be open to the wider public as well as cruise passengers.

Greek Shipping Minister Panayiotis Kouroublis praised on Thursday the Sino-Greek cooperation at Piraeus port, speaking to Xinhua on the occasion of the launch of new projects to upgrade Greece's largest harbor.