Port Greece China

The road and maritime routes of the new silk roads i details of the agreement. China completes majority purchase of greece piraeus port by john vassilopoulos 2 september 2016 the china ocean shipping group company cosco took over 51 percent of the greek state owned. The china ocean shipping company cosco purchased piraeus port in greece in the spirit of the maritime silk road plan.

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Until the 3rd millennium bc piraeus was a rocky island connected to the mainland by a low lying stretch of land that was flooded with sea water most of the year.

Port greece china. It is investing 230 million to build a second container terminal at the port which it plans to turn into a logistics hub for chinese exports to europe. Greece is attempting to be china s gateway to europe with athens offering beijing plenty of investment opportunities. In greece a port project offers beijing leverage over europe. Greece and china hail strategic partnership as us and eu look on.

China ocean shipping company known as cosco cosco group is the company in charge of transportation services in the biggest port of piraeus in greece. Cosco already operates the container terminal in piraeus under a 35 year concession it acquired in 2009. Jason horowitz and liz alderman. Greece s eurozone crisis was the perfect opportunity for china to sow its dragon head investments in europe with the port of piraeus as the focal point of the strategy.

Greece has an embassy in beijing and 3 general consulates in guangzhou hong kong and since 2005 in shanghai. The port of piraeus is important from a geostrategic view for china as it helps china s transactions with the whole of europe. China has an embassy in athens. China s piraeus power play.

China and greece agreed on monday to push ahead with a 600 million euros investment by cosco shipping into greece s largest port piraeus as part of efforts to boost its role as a hub in rapidly. The port of piraeus served as the port of athens since ancient times. Thousands of chinese people are living in greece inside the overseas chinese. Cosco undertook handles those operations.

It was then that the area was increasingly silted and flooding ceased thus permanently connecting piraeus to attica and forming its ports the. For beijing this mediterranean trade hub is the showpiece investment for the globe spanning belt and. The chinese state owned company was the sole bidder for the port. China has ambitious plans concerning the region but first the route into it must be provided and its european gate is piraeus port.