Cosco's master plan for Piraeus suffers setback
The Greek authorities have shelved a planned tender for a new facility in the Port of Piraeus, which is owned by China's Cosco. The case marks the latest example of the Chinese shipping group's challenges related to the massive port acquisition.
Chinese Cosco is struggling to complete its master plan for the Port of Piraeus two years after buying the major Greek port, reports Seatrade Maritime.
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