China’s COSCO among bidders for Cyprus port operations

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Chinese shipping company COSCO is among the companies which will be invited to submit details of their plans for taking up sections of Limassol port commercial operations, state radio reported on Sunday.

The report quoted Cyprus Port Authority president Alecos Michaelides as saying that the country’s Ministry of Transport has made a shortlist from among over 70 operators who had responded to an invitation in June for the commercial development of Cyprus’ main port of Limassol.

Michaelides said that 12 companies have been preselected for the container operations, 13 companies for the general cargo sector and 10 companies for the sea-services operations. He added that COSCO is among the companies which will be invited to present detailed plans before final tenders are invited in November. He did not provide further details.

Cyprus authorities say they are confident that the opening of the Suez Canal extension will result in an increased activity at the Limassol port which lies at a strategic point in the eastern Mediterranean across Suez.

 

Full article: China’s COSCO among bidders for Cyprus port operations (Want China Times)

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