![]() COSCO announced that additional investments would be used for upgrading seaport's ship repair, logistics and cruise shipping operations. Under COSCO's privatization deal with Greece, the Chinese corporation will invest ~EUR 300 million in a 5-year period (through 2021) before buying an additional 16% stake in Port Piraeus.In 2015, the cruise port was served around 5 million passengers, accounting for approx 12% of the port's total revenues for 2015 of EUR 100 million. Immediately, COSCO started planning port extension projects to allow berthing of larger cruise vessels. In 2016, COSCO Shipping (the world's 4th-largest containership fleet) bought the 51% stake for EUR 280 million (USD 315 million).The other major shareholders are "Hellenic Republic Asset Development Fund" (23,14%) and 25,86% are the shares of other investors. being the port's largest shareholder, COSCO owns 51%. By the 2009 contract, COSCO pays the port (Greek government) EUR 100 million per year. Following the country's debt crisis (2009) the government was forced to privatize state-owned assets (estimated worth around EUR 50 billion), among which was port Piraeus. In October 2009, half of the container port was leased to the Chinese largest container shipping company COSCO for a period of 35 years (until 2044).In 2008, the concession was extended to 2052. In 2002 was signed an agreement for concession, Piraeus Port Authority leased from the government of Greece all seaport's lands, facilities and buildings for a period of 40 years (until 2042). For growth comparison, in 2007 the port handled a total of 1,373 million TEUs. By containership capacity, in 2016 the cargo port is ranked the world's 39th largest, Europe's 8th largest, Mediterranean's third-largest and Greece's largest and busiest. In 2016, the seaport handled ~3,67 million TEU-containers (compared to 2015's 3,32 million TEUs). Port's container cargo handling is also growing rapidly. Port Piraeus (locode GRPIR) in 2014 was ranked Europe's busiest passenger port - handling 18,6+ million passengers (including on ferries and cruise vessels). Some ships are laid up there for years, waiting to be sold or scrapped. To the south of Port Piraeus is Eleusis Bay - dubbed "the graveyard of old cruise vessels". Most routes are one-ways between Athens and Istanbul Turkey and Venice Italy.Īthens is also among the destinations included in Holy Land Cruises (to Israel, Egypt, Greece, Turkey), mainly with departures from Civitavecchia-Rome. In the Aegean Sea are operated roundtrips to the largest Greek Isles - Crete, Santorini, Rhodes, Lesbos, Chíos, Cephalonia/Kefalonia, Samos, Naxos, Zakynthos, Mykonos. Piraeus-Athens cruise port is both homeport (turnaround port for roundtrip itineraries) and call port (on various Eastern Mediterranean itineraries to ports in Italy, Greece, Turkey, Israel, Egypt). Greece's second-largest seaport is Thessaloniki. The port also serves the country's capital - Athens City. market.Piraeus is the biggest seaport in Greece and among the largest in the Mediterranean. Modern transit and warehouse facilities and the latest in cargo management technology provide a broad platform for supporting international trade to the fast-growing Southeast U.S. It offers a deep 42-foot navigational channel, nine berths with 6,768 feet of wharf frontage, four post-Panamax container cranes and three neo-Panamax container cranes. Specifically, it offers terminal facilities serving container, bulk, breakbulk, and ro-ro operations. The Port of Wilmington is one of few Southern ports with readily available berths and storage areas for containers and general cargo. And CSX Transportation provides intermodal rail service with best-in-class transit times, as well as daily service for boxcar, tanker and general cargo services. Recent and ongoing improvements to regional and national highway networks make surface transportation supporting the Port of Wilmington superior to neighboring ports. For starters, the Port of Wilmington is strategically located on the East Coast of the United States within 700 miles of more than 70% of the U.S. ![]() Our capability can enhance your profitability.
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