Four bids expected for Thessaloniki port

Four bids expected for Thessaloniki port

Local Greek newspaper Kathimerini reports four bids are expected to be lodged this week to run Thessaloniki port. The Friday deadline for bids for a 67% in Greece’s second largest port are expected to include pitches from a consortium comprising Deutsche Invest Equity Partners, Terminal Link (a subsidiary of CMA CGM) and Russian-Greek investor Ivan Savvidis’s group, as well as from DP World, Japan’s Mitsui & Co, and Philippines-based International Container Terminal Services, Inc (ICTSI).

Whoever wins the bid will have to spend a minimum of EUR180m over seven years upgrading the port.

Greece’s dire economic situation this decade has seen a raft of controversial privatisation initiatives. Piraeus, Greece’s largest port, is now run by China’s Cosco, for instance.

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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