日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

COSCO the sole bidder for Piraeus Port stake in Greece

By ZHONG NAN/CHRIS PETERSON (China Daily) Updated: 2016-01-15 08:18

China COSCO Shipping Group Co, the country's newly combined and largest shipping company by capacity, has offered 700 million euros ($762 million) and become the sole bidder for a majority stake in Piraeus Port Authority SA, the largest port in Greece after waiting for nearly 18 months.

China COSCO Holdings Co, a subsidiary of COSCO Shipping, submitted a formal tender offer to the Greek government earlier this week. COSCO Shipping was one of five industry players, including the Dutch and the US container terminal operators APM Terminals and Ports America Inc, to show an interest in a 67 percent stake in Piraeus Port in June 2014, according to a Wall Street Journal report.

Under the proposed deal, COSCO Shipping will invest another 350 million euros once the deal is sealed within five years to improve and upgrade infrastructure facilities in Piraeus Port.

COSCO Shipping was the only chosen bidder to receive the notice from the Hellenic Republic Asset Development Fund, a privatization agency owned by the Greek government, to deliver its tender offer to Greek authorities within a week, after another two shipping rivals withdrew from the race after a prolonged waiting period.

A spokesperson for the Greek fund handling the sale did not comment as the process is continuing. COSCO Shipping did not make any comment neither on Thursday.

Eager to enhance their earning ability and compete with foreign rivals, China Ocean Shipping Group Co and China Shipping Group Co announced their merger and new management team earlier this month. The COSCO-CSC conglomerate is the world's fourth-biggest container line, with 8 percent of global container freight capacity.

Chen Yingming, executive vice-president of Shanghai-based China Ports and Harbors Association, said even though it took a long time for the Greek government to choose the "best buyer" to stimulate its regional economy and local employment, it is worth waiting to invest in the port business, as asset values have fallen sharply under the current industrial climate.

"With global trade falling, the shipping industry will continue to face tough times because of stiff competition among international shipping giants. Strategies such as forming alliances and offering lower shipping rates will affect the profitability of the sector in the long run," said Chen.

Because the Mediterranean is a key European entry point for Chinese products such as clothing, machineries, household appliances, vehicle parts and industrial yarn, as well as automobiles from Japan and South Korea, Chen said Piraeus Port has more potential to attract international shipping companies to set their regional transit centers and service branches.

Dong Liwan, a shipping industry professor at Shanghai Maritime University, said it is highly probable for COSCO Shipping to win the bid, because there has been a notable change in the Greek government's attitude. A winning bid would bring the Chinese company more profits through its port management activities, which would be welcome at a time when bulk cargo rates remain sluggish globally.

Contact the writers at zhongnan@chinadaily.com.cn and chris@mail.chinadailyuk.com

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美 日韩 精品 | xxx日本黄色| 粉嫩av一区二区夜夜嗨 | 成人一级片在线观看 | 国产高清视频一区二区 | 黄色一及毛片 | 91国内视频 | 91精品国产一区 | 久久久伊人网 | 久久久影视 | 欧美激情免费观看 | 久久午夜国产精品 | 91麻豆精品成人一区二区 | 中文字幕精品在线播放 | 一级黄色网址 | 日韩精品第二页 | 午夜精品福利在线观看 | av福利网| 99免费精品| 国产成人精品亚洲 | 成 年人 黄 色 片 | 成人看片黄a免费看视频 | 亚洲国产日韩欧美 | 中文字幕亚洲精品在线 | 激情五月婷婷网 | 99久热| 亚洲第一免费视频 | 亚洲网站在线 | www.九九热 | 精品视频区 | 亚洲手机视频 | 亚洲精品中字 | 色噜噜狠狠一区二区三区果冻 | www成人免费视频 | 午夜免费福利视频 | 五月激情天 | 中文字幕一区二区三区四区欧美 | 亚洲免费网站在线观看 | 久草综合视频 | 九九在线 | 第四色av|