COSCO eyeing further Piraeus port investment

Chinese shipping giant COSCO Group has been running the rule over further investment in Greece, after making what it is calling a "record-breaking" success of operating parts of the struggling Piraeus Port outside the country's capital Athens, despite the unfolding European debt crisis.

According to Fu Chengqiu, managing director of Piraeus Container Terminal SA, COSCO is now in the middle of an in-depth feasibility study of becoming involved in various privatizations planned by the Greek government in coming months.

"We are waiting for the formation of a new government to make further decisions," he told China Daily.