EU Suspects Tax Fraud at China’s New Gateway to Europe

By Angus Berwick and Renee Maltezou MADRID/ATHENS, April 20 (Reuters) - European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece's largest port of Piraeus, a trade gateway between China and Europe, officials said. "The VAT is completely evaded, with enormous damage to the national tax … [Read more...]

COSCO Looking to Double Piraeus Port Cruise Passengers

By Angeliki Koutantou ATHENS, Oct 3 (Reuters) - China's biggest shipping company wants to more than double the number of cruise passengers using Greece's biggest port by extending facilities for bigger ships, its chairman said on Monday. COSCO Shipping, which owns the world's fourth-largest container shipping fleet, bought 51 percent of the port's operating company for … [Read more...]

COSCO Says Piraeus Among Top 30 Ports in World by 2018

By Angeliki Koutantou ATHENS, Sept 22 (Reuters) - China's biggest shipping company, COSCO Shipping, plans to ramp up container volume at Greece's biggest port in Piraeus by 35 percent by 2018, the port's new managing director, Fu Cheng Qiu, told Reuters on Thursday. COSCO Shipping, which owns the world's fourth-largest container shipping fleet, bought 51 percent of the … [Read more...]

China COSCO Shipping Acquires Majority Stake in Piraeus Port

By George Georgiopoulos ATHENS, Aug 10 (Reuters) - China's COSCO Shipping , owner of the world's fourth largest container fleet, took a 51 percent stake in Greece's largest port on Wednesday. The sale of Piraeus Port had been suspended by the leftist-led government when it won elections in January 2015 but talks resumed after Greece agreed an 86 billion euro bailout deal … [Read more...]