Port of Piraeus managed by COSCO (1 janv. 2008 – 1 h 54 min, 24 mai 2024 ans)

Description:

In 2008, the Chinese state-owned company COSCO (China Ocean Shipping Company) acquired the operating license of Pier II for a period of 30 years (later expanded to 35 years), in concert with the permission to built another pier, Pier III. China’s involvement in the Port of Piraeus has cost $532 million, but COSCO has succeeded in transforming its part of the port into a successful business, contrasting considerably with the Greek–led pier, which is plagued by inefficiency, controlled by labor unions and doesn’t handle much traffic.