Greece’s government has turned down a proposal by China’s Cosco to expand its containership terminal in Piraeus.
“Conditions at the current juncture are not ripe to implement the specific project,” Greece’s shipping ministry said in a statement.
Cosco already operates three containership piers at Piraeus with an annual handling capacity of 7.2m teu per year. The Chinese company had proposed to add a fourth pier nearby, to boost Piraeus’s capacity to 10m teu.
