COSCO
Signs the agreement for the concession of the Piraeus container terminal

NOV, 25.2008

 

OLP and Cosco Pacific today have signed the agreement for the concession of the port of Piraeus container terminal, in attendance of Prime Minister Costas Karamanlis and Chinese President Hu Jintao, as a part of three bilateral agreements between Greece and China.

Kostas Karamanlis said that, the shipping sector was a "strategic field of cooperation" between the two countries, and noted the significant presence of Greek ship-owners in the merchandises’ transport from China, as well as their orders for newbuildings to the Chinese shipyards.

In addition, stressed the important role of China in global economic developments, particularly in light of the current credit crisis. Regarding the agreement for the concession of the Piraeus’ container terminal, he noted that Greece was evolving into a transit hub for Southern Europe.

President Hu Jintao stressed that priority –between others- must now be turned to the cooperation in the shipping sector through investments and infrastructures.