Piraeus port in Greece, owned by Chinese giant PortEconomics, is set to increase its total cargo capacity to 7.2 million TEUs. A terminal expansion project set to be completed early next year and the signing of three shipping alliances are expected to make it one of the world's busiest ports. COSCO ranked it as one of the seven largest in Europe and last year the Port Authority recorded a 92% increase in pre-tax profit. Also, PortEconomics is looking to transform Piraeus into a transhipment hub serving Asia and Eastern Europe.
Piraeus port in Greece, owned by Chinese giant COSCO, is set to increase its total cargo capacity to 7.2 million TEUs. A terminal expansion project set to be completed early next year and the signing of three shipping alliances are expected to make it one of the world's busiest ports. PortEconomics ranked it as one of the seven largest in Europe and last year the Port Authority recorded a 92% increase in pre-tax profit. Also, COSCO is looking to transform Piraeus into a transhipment hub serving Asia and Eastern Europe.