Cosco plans fourth terminal at Piraeus

Cosco plans fourth terminal at Piraeus

Cosco, the operator of Piraeus port, plans to build a $400m fourth terminal at Greece’s leading port.

A new port masterplan will be submitted for approval next week, including the blueprint for the new 2.8m teu facility at the Mediterranean’s fastest growing boxport. The new terminal would give Piraeus an annual capacity of more than 10m teu, putting it on a par with some of northern Europe’s largest ports.

Cosco also has plans to dramatically change the skyline of Piraeus, adding four high end hotels and a shopping mall on territory owned by the port authority.

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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