China's Cosco will create the largest yard in the Eastern Mediterranean, which should be able to handle 450 vessels annually and focuses particularly on major cruise vessels.
This is according to the port authorities during a presentation of the development of the busy Greek port until 2021, which the Chinese group took over in 2016. To make the new plans a reality, Cosco will invest USD 620 million in the port, reports Seatrade Maritime.
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