China´s COSCO Plan: Make Piraeus Europe´s Biggest Port
(WorldNews China)

ATHENS - Ambitious plans by the Chinese shipping operations company COSCO which operates the port of Piraeus - the 8th busiest in the Europe - aim to make it number one across the region and an itemway for Chinese goods especially as part of a New Silk Road plan. China is looking to transform Greece´s Piraeus port into the biggest harbor in Europe - making it the most crucial transit hub for trade between Asia and Europe. `The objective is to transform it into the biggest transit hub between Europe and Asia and, potentially, the biggest port in Europe,` Deputy Minister for Foreign Affairs Kostas Fragogiannis told CNBC. COSCO bought a majority stake in the port in 2016 under the former...