Media: Maersk out of the race for major Greek port

According to Seatrade Maritime, Maersk's terminal business APM Terminals has lost patience and bowed out of the chaotic privatization of the major Greek port in Piraeus.

Photo: Thanassis Stavrakis/AP/POLFOTO/arkiv

Maersk's port company APM Terminals has lost its patience with the Greek authorities in the long process of privatizing the country's major port in Piraeus, and has stepped down as a potential buyer, writes news media Seatrade Maritime.

Chinese Cosco Pacific is presumably the only company left which is still interested in acquiring 67 percent of the state-owned port, which is the largest in Greece. Cosco Pacific, which is listed in Hong Kong, was the only company to turn in a binding offer, according to Seatrade, just four hours before the deadline expired on the 21st of December.

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