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Bids for Thessaloniki port deemed too low

Bids for Thessaloniki port deemed too low

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Greece’s Hellenic Republic Asset Development Fund has asked the three parties who bidded for the nation’s second largest port, Thessaloniki, to raise their offers. The fund deemed the bids from the three parties interested in taking a 67% stake in the port as too low.

DP World, ICTSI and a consortium featuring CMA CGM all lodged bids as part of Greece’s ongoing privatisation drive. Last year Cosco won the rights to privatise Greece’s largest port, Piraeus.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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