COSCO, Greek firm transform Piraeus port into 'shining star'

ATHENS/BEIJING - In the years since China COSCO Shipping Corp Ltd's arrival at Piraeus, the image of Greece's largest port has changed dramatically.

Greek and Chinese workers are continuing to work hard to realize their vision to transform Piraeus into a "shining star" of the industry, said Tassos Vamvakidis, a manager of Piraeus Container Terminal SA, COSCO Shipping's subsidiary at Piraeus.

Chinese investors initially took over the upgrading and management of Pier II and III for a period of 35 years, while last year COSCO Shipping also acquired the majority stake in Piraeus Port Authority which manages Pier I.