Greece-China cooperation grows as Piraeus port blossoms
SINO-GREEK cooperation is gathering pace, with more Greek-owned ships being built in China and with Cosco growing into a European leader, reports Xinhua.
Piraeus Port Authority owner, China's Cosco Shipping Corporation, is one of the largest shipping enterprises in the world and owns over 1,300 ships with a combined capacity of 111 million deadweight tons, ranking first in the world.
The company s global shipping routes cover more than 1,500 ports in 160 countries and regions, with an annual cargo volume of 1.3 billion tons.
"We have made Piraeus a leading container port. The company has made a significant contribution to the local economy, culture, society and finance of Greece, said Yu Zenggang, executive chairman of Cosco Shipping (Piraeus) Ports Ltd.
George Xiradakis, president of Hellenic Shipping Finance Association, said that many Greek shipowners build their ships in China, and during the last decade, half of the Greek new ships were built in that country.
source:SchedNet
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