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Tsipras calls for further Chinese maritime investment

Photo of Sam Chambers Sam ChambersJuly 5, 2016
2 Less than a minute

Greek prime minister Alexis Tsipras has used his state visit to China to try and drum up more maritime investments, hot on the heels of China Cosco Shipping sealing a deal to take over Greece’s largest port, Piraeus.

Tsipras spoke to CCTV, China’s national, state-run television station, and revealed: “We’re specifically interested in investments from Chinese in Greek shipyards which will be used by Chinese ships for repairs.”

He also said he’d welcome further Chinese investment in other Greek ports. The Mediterranean nation’s ports are being privatized in a bid to get cash into the credit-constrained country.

Tsipras also discussed plans to strengthen railway construction with a view to shift cargoes from Piraeus port to Central Europe.

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Photo of Sam Chambers Sam ChambersJuly 5, 2016
2 Less than a minute
Photo of Sam Chambers

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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