May 15 Greece is in advanced discussions with China’s Cosco to boost their cooperation in the country’s biggest port Piraeus , the Greek defence minister said on Friday.
Cosco, which currently manages two container piers at Piraeus Port, is also interested in acquiring a majority stake. Athens has put the port up for sale. Continue reading
…and Greek further capitulates to Germany’s Fourth Reich. If they ever get tired of being a German vassal state and decide to go with the economic ‘nuclear option’, don’t be shocked to find Russian military bases and Chinese owned shipping ports within Greek territory.
(Reuters) – Greece will finalise “immediately” a 1.2-billion-euro (£883.2 million) deal with Fraport (FRAG.DE) to run regional airports and reopen bidding for a majority stake in Piraeus port (Rolph.AT), a senior privatisations official said on Tuesday.
The asset sales had been in doubt after Prime Minister Alexis Tsipras’ leftist-led government took power in January but may be the latest concessions offered by his government to try to secure more bailout cash from international creditors. Continue reading
Chinese government-owned shipping and logistics giant COSCO is expected to complete the purchase of a controlling stake in Piraeus Port as it continues to take advantage of Greece’s privatisation programme.
Speaking at a conference in Athens, China’s ambassador to Greece Zou Xiaoli urged Chinese companies to explore further opportunities to invest in the beleaguered Mediterranean nation, which, as a condition of its bailout programme, is auctioning any saleable assets that remain in public control.
China views Greece as being a potential logistical hub, as it seeks to boost trade into Europe. Piraeus, being one of Europe’s largest passenger ports and the largest container port in the Eastern Mediterranean, is at the heart of its plans. Continue reading