The Port of Piraeus

    The Port of Piraeus is the largest port in Greece as well as one of the top 10 container terminals in Europe.
    In 2008, against the backdrop of the Greek debt crisis, COSCO SHIPPING won the international bid for the 35-year concession of the No. 2 and No. 3 piers at the Port of Piraeus. It officially took over their operation in 2010. Today, the port has turned to a highlight in the Greek economy.
    On August 10, 2016, COSCO SHIPPING bought a majority stake in the Piraeus Port Authority (PPA) with 368.5 million euros and became the port’s actual operator accordingly. “COSCO SHIPPING” has already become a business card of China that is well accepted in Greece.
    Piraeus is currently composed of six business segments, including containers, pure car/truck carriers (PCTC), passenger liners, ferries, ship repairing, and logistics warehouse. Linked with the China-Europe Land-Sea Express Line and the Hungary-Serbia Railway, the port serves as a gateway to Central and Eastern Europe along the 21st Century Maritime Silk Road.
    COSCO SHIPPING aims to build Piraeus into the largest container transit port in Europe, a sea-land transshipment center, an international logistics distribution center in the eastern Mediterranean, and the south gate of the Balkan region. As one of the world’s fastest-growing ports, Piraeus achieved an increasing throughput in 2016, with a drastic ranking rise from the 93rd place in 2011 to the 38th place among container terminals all over the world.