From Skepticism to Success: Piraeus Port’s Revival with COSCO
A decade after COSCO Shipping Group’s investment rescued Greece’s Piraeus Port from bankruptcy, dockworkers reflect on how their initial skepticism turned into a successful partnership.
News & Insights Across Asia
A decade after COSCO Shipping Group’s investment rescued Greece’s Piraeus Port from bankruptcy, dockworkers reflect on how their initial skepticism turned into a successful partnership.
Chinese investment has breathed new life into Greece’s historic Port of Piraeus, restoring it as a vital gateway between East and West, and continuing a 2,000-year-old connection.
In 2008, the ancient Greek port of Piraeus was revitalized when China’s COSCO took over its management, leading to significant economic growth and improved livelihoods for local workers.
A 24-hour strike by unions has paralyzed Greece’s largest port, Piraeus, as workers protest against job insecurity and high costs. The disruption could impact global trade routes connecting Europe and Asia.