AD Ports launches Erkport JV, but loses out over Alsancak terminal
It’s been a couple of days of mixed fortunes for fast-growing UAE ports and logistics ...
Chinese container terminal operator Cosco Pacific appears to have been the sole bidder for a 67% stake in Piraeus Port Authority, for which it is prepared to pay $400m. Now it has set its sights on acquiring national Greek rail operator Trainose, which is also up for privatisation. The rationale is that joint control of the country’s largest port and its rail system would enable Cosco to offer central and eastern European importers an alternative gateway for their goods; while ...
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