Shipping industry of China

Cosco plans for ship repair unit at Salamina

By Ilias Bellos

Boosted by last weekend?s statement by Deputy Prime Minister Yiannis Dragasakis from China that the government will go ahead with the sale of the majority stake in Piraeus Port Authority (OLP), Cosco will now be able to implement its plan for the creation of a ship repair unit on the island of Salamina.

Finance Ministry backs Cosco deal in Piraeus, not further privatization

The Greek Finance Ministry denied on Tuesday that it is planning to go ahead with the sale of a 67 percent stake in the Piraeus Port Authority (OLP) after a report suggested that the privatization would take place.

The ministry emphasized, though, that it is "positively inclined" to the existing deal with Chinese shipping giant Cosco for the container terminal.

Pages