PIRAEUS PORT AUTHORITY SA
Visit of the COSCO GROUP delegation in Piraeus Port Authority SA
The Company announces that the meetings of the Delegation of COSCO GROUP under capt. Wei Jiafu and P.P.A. SA under Mr. George Anomeritis are completed.
Cosco Group officially announced that the Container Terminal in Piraeus will be the main gate of Cosco for South and Central Europe, North Africa and the surrounding areas, and apart from Cosco, the Far East groups of K-LINE (Japan), YML (Taiwan) and HANJIN(Korea), will also have direct calls in Piraeus.
The Container Terminal of Cosco will employ only Greek machinery operators and dockworkers and the number of employees will amount to 650.
Both companies (P.P.A. SA and Cosco) which will operate concurrently in Piers I and II, will do their utmost for good cooperation in line with the marketing policies that each one adopts.
The interest of both sides, apart of the investment plan of PPA SA, focused mainly on two major issues:
The first issue concerns the cooperation of "Cosco LOGISTICS Co.", and the newly established subsidiary of P.P.A "Intermodal Transport and Logistics Company S.A." (LOGISTICS P.P.A.SA), as well as the common examination of cooperation for the Logistics Center at the Thriasio Pedion. Both sides expressed their interest and until the announcement of the Concession Tender will continue the necessary procedures to evaluate their participation in the project.
The second issue concerns the cooperation of the newly established subsidiary of P.P.A.SA "Ship Repair services P.P.A. SA (NAYS P.P.A SA) with COSCO companies "Ship-Trade Co." and "Shipyard Group Cosco" on technical matters, ships repair and maintenance in Greece and the delivery of a Panamax floating dock in the Ship Repair Zone.
For the remaining projects the two sides will have a series of new meetings for each specific project, through Cosco subsidiaries.
Capt. Wei expressed the commitment that all investments of Cosco in Piraeus (Piers II and III) will be realized in accordance with the terms of the Concession Agreement and looks forward to an excellent cooperation with the Piraeus Port Authority SA.
Both sides expressed their satisfaction for the promotion of their common objectives.
Cosco Group officially announced that the Container Terminal in Piraeus will be the main gate of Cosco for South and Central Europe, North Africa and the surrounding areas, and apart from Cosco, the Far East groups of K-LINE (Japan), YML (Taiwan) and HANJIN(Korea), will also have direct calls in Piraeus.
The Container Terminal of Cosco will employ only Greek machinery operators and dockworkers and the number of employees will amount to 650.
Both companies (P.P.A. SA and Cosco) which will operate concurrently in Piers I and II, will do their utmost for good cooperation in line with the marketing policies that each one adopts.
The interest of both sides, apart of the investment plan of PPA SA, focused mainly on two major issues:
The first issue concerns the cooperation of "Cosco LOGISTICS Co.", and the newly established subsidiary of P.P.A "Intermodal Transport and Logistics Company S.A." (LOGISTICS P.P.A.SA), as well as the common examination of cooperation for the Logistics Center at the Thriasio Pedion. Both sides expressed their interest and until the announcement of the Concession Tender will continue the necessary procedures to evaluate their participation in the project.
The second issue concerns the cooperation of the newly established subsidiary of P.P.A.SA "Ship Repair services P.P.A. SA (NAYS P.P.A SA) with COSCO companies "Ship-Trade Co." and "Shipyard Group Cosco" on technical matters, ships repair and maintenance in Greece and the delivery of a Panamax floating dock in the Ship Repair Zone.
For the remaining projects the two sides will have a series of new meetings for each specific project, through Cosco subsidiaries.
Capt. Wei expressed the commitment that all investments of Cosco in Piraeus (Piers II and III) will be realized in accordance with the terms of the Concession Agreement and looks forward to an excellent cooperation with the Piraeus Port Authority SA.
Both sides expressed their satisfaction for the promotion of their common objectives.