Piraeus Port Authority (OLP)

Cosco to invest more than US$100 million in the Piraeus Port

Cosco Shipping has announced new investments in the port of Piraeus aiming to expand the container capacity of the Greek port and upgrade the ship repair zone.

The Chinese shipping giant will invest €70 million (US$83 million) for the modernisation and the capacity expansion of the three container terminals at the Piraeus Port Authority (OLP), according to the Greek online newspaper, e-kathimerini.

Additionally, Cosco will invest another €20 million (US$24 million) in the ship repair zone of the...

https://container-news.com/cosco-to-invest-more-than-us100-million-in-the-piraeus-port/

Stagnation on COSCO’s mega plan for Piraeus Port

The approval process for Cosco’s investments in Piraeus has been passed on to the next government, as the Port Planning and Development Commission (ESAL) has conditionally accepted but not approved the master plan for Piraeus Port Authority (OLP).

On Monday ESAL also stopped short of accepting the investment in shipbuilding activity or the shopping center, which would be open to the wider public (not just passengers at the port), and all investments in the plan for which it considers the Culture...

https://container-news.com/stagnation-cosco-plan-piraeus-port/