Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Cosco Pacific seen distancing itself from Greek port project

Cosco Pacific, the port unit of China Ocean Shipping Group, seems to be distancing itself from any involvement in a port privatisation plan in Greece, where a new leftist government has tried to shed austerity commitments, casting doubt on further investment by the Chinese firm.

“Any decisions related to [the bidding] of Piraeus Port Authority […]

FacebookEmailShare

COSCO, APM Terminals, ICTSI to bid for Piraeus port

The Greek government has invited three companies to submit binding bids by September for a 51% stake of the country’s largest port Piraeus, according to Chinese media on 15 May.

The three potential buyers that are interested in buying the Piraeus port majority stake are COSCO in China, Denmark’s APM Terminals, and International Container Terminal […]

FacebookEmailShare

Taiwanese shipping company Yang Ming agrees to use Piraeus as trade terminal

Taiwanese container shipping company Yang Ming Lines announced on Monday it has agreed to start using the installations of Piraeus Container Terminal (PCT), the local subsidiary of China’s Cosco, as a transfer terminal for the wider region of the Mediterranean and the Black Sea, its representative in Greece said.

Arkas Hellas, which represents the Taiwanese […]

FacebookEmailShare

In U-turn, Greece will sell Piraeus Port stake in weeks

From Reuters:

The Greek government will sell its majority stake in the port of Piraeus within weeks, the country’s deputy prime minister told China’s official Xinhua news agency, a flip-flop from the leftist government as it seeks funds from its creditors.

The Syriza government of Alexis Tsipras took power in January on promises to end […]

FacebookEmailShare

IDC denounces violations of union rights at COSCO PCT

Piraeus Container Terminal, Greece

Recent reports from Greece have drawn the attention of the International Dockworkers Council (IDC) to the poor conditions of employment and the violation of basic union rights at the Piraeus Container Terminal (PCT), which operates Pier 2 on behalf of the COSCO Group.

Antolin Goya, IDC General Coordinator said, “It […]

FacebookEmailShare