Container terminal

The European Court has rejected Greece's appeal against the decision it reached in March 2015, whereby it deemed that state funding to Piraeus Container Terminal SA (SEP), the local subsidiary of China's Cosco Shipping, was not compatible with European legislation.

By Nikos Roussanoglou

Container traffic recovered in March at the two terminals managed and operated by Chinese giant Cosco Pacific in Piraeus.

Cosco?s local subsidiary, Piraeus Container Terminal, on Thursday announced that it handled 266,500 container last month, against 220,500 in March 2014, posting an increase of 21 percent.

Listed Piraeus Port Authority (OLP) has confirmed a new record in container handling at the port?s three terminals ? Terminal I, which OLP operates, and Terminals II and III, managed by Cosco subsidiary Piraeus Container Terminal (PCT).