Search results for: Piraeus Container Terminal

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  • 9 May 2016

    The Piraeus Container Terminal has been blocked for three days amid an ongoing general strike launched by Greek unions on Friday, including the Pan-Hellenic Seamen’s Federation. What is more, all passenger traffic to and from all Greek ports, including the islands, has been suspended. The strike is expected to last until Tuesday morning, 10th May and comes as a […]

  • 15 January 2013
    Business & Finance, Equipment, Technology

    Kalmar, part of Cargotec, has signed a large order for twelve all-electric rubber tyred gantry cranes (RTGs) to Piraeus Container Terminal (PCT) SA in Greece. The cranes, scheduled for delivery in late 2013, will facilitate the port’s continued expansion, with capacities planned to increase from 2.6 MTEU to 3.1 MTEU per year. The order has […]

  • 17 December 2015
    Business & Finance

    Greek port operator Piraeus Container Terminal S.A. (PCT), owned by COSCO Pacific Limited, has ordered fifteen additional all-electric rubber-tyred gantry cranes (RTG) from Cargotec’s Kalmar. The cranes order, valued at approximately EUR 20 million (USD 21.6 million), is expected to be delivered in 2016 and 2017. “The zero-emission cranes, which are 9+1 wide and 1-over-6 high, will help us […]

  • 26 January 2015

    China Ocean Shipping Company (Cosco) held the Inauguration of the Expansion of Pier III of COSCO Piraeus Container Terminal (PCT) on January 22. In his remarks, the Prime Minister of Greece Antonis Samaras described the PCT project as the most important investment in Greece in the last decade, also saying that these projects will consolidate the […]

  • 24 March 2015
    Business & Finance

    Port operator Piraeus Container Terminal S.A. (PCT) and its parent company Cosco Pacific Limited (Cosco) will have to pay back the fiscal benefits received from Greece. Namely, the European Commission (EC) has concluded that certain fiscal benefits granted by Greece in favour of PCT and Cosco provided the beneficiaries with an undue advantage over their […]

  • 27 October 2014
    Business & Finance

    Kalmar, part of Cargotec, has signed a repeat order for nine all-electric rubber-tyred gantry cranes (RTGs) with Piraeus Container Terminal (PCT) S.A. in Greece, a wholly-owned subsidiary of COSCO Pacific Limited. The cranes, four of which are the world’s widest, will help the port meet its twin goals of increasing both capacity and savings. The […]

  • 6 May 2015
    Business & Finance

    Taiwan’s container carrier Yang Ming Marine Transport has agreed to make China Cosco’s Piraeus Container Terminal in Greece its transfer terminal for the Mediterranean and the Black Sea, according to Greek national news agency AMNA. Arkas Hellas, a local shipping agency representing the Taiwanese carrier, told AMNA that one of Yang Ming’s 14,000 TEU container ships already called […]

  • 11 June 2015
    Business & Finance

    Finnish port automation solutions provider Kalmar has signed a second repeat order for additional nine all-electric rubber-tyred gantry cranes (ERTGs) with Piraeus Container Terminal (PCT) S.A. in Greece, a wholly-owned subsidiary of COSCO Pacific Limited.  The deliveries are scheduled for 2016. Kalmar’s previous deliveries to the terminal consisted of 12 ERTGs in 2013 and nine ERTGs […]

  • 28 November 2014
    Business & Finance

    Piraeus Port Authority (PPA) signed a revised EUR 230 million concession agreement with and Chinese company Cosco Pacific Limited, through its subsidiary Piraeus Container Terminal (PCT) on Thursday, November 27th. The deal will see EUR 230 million ( around USD 286 million) invested into the construction of the West Pier III Container, the construction of Pier […]

  • 19 November 2013
    Business & Finance

    The shipping ministry announced on Tuesday an agreement between Piraeus Port Organisation (OLP) and the Chinese-owned COSCO subsidiary Piraeus Container Terminal (PCT) for new investments amounting to 230 million euros in Piraeus’ port. The agreement includes the construction and exploitation of OLP’s West Pier Container Terminal III by PCT, the construction of an Oil Refuelling […]

  • 26 January 2015
    Business & Finance

    The official inauguration ceremony for the expansion of Pier III of COSCO Piraeus Container Terminal (PCT) was successfully organized on Thursday, January 22nd 2015. The inauguration was attended by Mr. Zou Xiaoli, Chinese Ambassador to Greece and Prime Minister Antonis Samaras of Greece. Executive Vice President of COSCO Group, Sun Jiakang delivered a speech and cut the ribbon together with […]

  • 30 March 2015
    Business & Finance

    Greece will move forward with the previously abandoned plan to sell the majority stake in the port of Piraeus, and the sale is expected within the next few weeks, the country’s Deputy Prime Minister Yannis Dragasakis told Xinhua news agency. The Syriza government led by Alexis Tsipras took office in January partly on the promise to […]

  • 28 January 2015
    Business & Finance

    Greece’s new government led by the left-wing party Syriza plans to stop the sale of a majority stake in the Port of Piraeus, for which the old government already shortlisted China Ocean Shipping Company (Cosco) and four other companies, Reuters reports.     Thodoris Dritsas, Syriza party member believed to be the next minister for shipping, told Reuters that […]

  • 30 August 2017
    Business & Finance

    Although total throughput recorded by China-based Cosco Shipping Ports Limited increased during the first six months of 2017, the company’s gross profit for the period was down. For the six months ended June 30, 2017, Cosco Shipping Ports’ throughput was up by 11.8% to 41.78 million TEU from 37.35 million TEU handled in the first half […]

  • 25 March 2015
    Business & Finance

    Container terminal operator Cosco Pacific’s revenue rose by 8.9% to USD 870 million in 2014 when compared to figures from the preceding year. Revenue from the terminals business rose by 13.6% to USD 516 million, the increase being mainly attributable to Piraeus Container Terminal, Guangzhou South China Oceangate Container Terminal and Xiamen Ocean Gate Container […]

  • 26 March 2018
    Business & Finance

    COSCO Shipping Ports ended 2017 on a high note, having more than doubled its profit.

  • 8 July 2015
    Business & Finance

    Capital controls introduced by the Greek government could have a ripple effect on Greek shipowners leaving their ships stranded in port as they are unable to buy fuel. The estimate relates to up to a fifth of the country’s fleet, according to the Telegraph, which have been prevented from doing business outside the country due […]

  • 8 July 2015
    Business & Finance

    Capital controls introduced by the Greek government could have a ripple effect on Greek shipowners leaving their ships stranded in port as they are unable to buy fuel. The estimate relates to up to a fifth of the country’s fleet, according to the Telegraph, which have been prevented from doing business outside the country due […]

  • 15 January 2013
    Business & Finance

    Kalmar, part of Cargotec, has signed a large order for twelve all-electric rubber tyred gantry cranes (RTGs) to Piraeus Container Terminal (PCT) SA in Greece. The cranes, scheduled for delivery in late 2013, will facilitate the port’s continued expansion, with capacities planned to increase from 2.6 MTEU to 3.1 MTEU per year. The order has […]

  • 15 October 2019
    Business & Finance

    Proposal for an EUR 300 million investment in the fourth container terminal in Piraeus was put on hold.

  • 18 June 2008

    To operate container terminals The Chinese ports investor Cosco Pacific Ltd. looks set to upgrade and manage two of the three container shipping berths in the Greek port of Piraeus. The company said on Friday that it had been notified by the Piraeus Port Authority (PPA) that it was the highest bidder for the concession. […]

  • 24 May 2016
    Business & Finance

    Greek ports could face complete stoppage as the Port of Piraeus Dockworkers’ Union announced that they plan to launch repeated 48-hour strikes starting from May 26 in protest of the port’s privatization process, the union said in a statement. The strike, scheduled to launch at 06:00 local time, would affect traffic at the Piraeus port and the […]