© 2020 by New California State, a Registered 501c4 Corporation, Contributions and gifts to New California State are not tax deductible, Bill To ‘Combat Biodiversity & Climate Crises’ Fails, but Resurrected as Executive Order, Adjournment in the California Legislature, Candace Owens to Speak on New California State Sutter County, CA OCTOBER 12, 2020. The Greeks are sensitive to criticism that the Piraeus investments have left them beholden to the Chinese. It has been a Hang Seng Index Constituent Stock (blue chip) since 2003. By the way, tariff wars are still a thing. That's the year the state-owned China Ocean Shipping Co., known as COSCO, started buying stakes in the port of Piraeus. "People could see a future again. Giorgos Nouchoutidis, shown at home with wife Maria, worked at the port of Piraeus for decades before retiring in 2010. Six years later, the company controlled the port. The investment master plan was developed with consultants McKinsey. Giorgos Nouchoutidis, shown at home with wife Maria, worked at the port of Piraeus for decades before retiring in 2010. That's already happening, and it's worrying if you consider the stakes. Western firms should plan for intense Chinese competition in Europe in 2020 across most industries," she added. "The most important thing to me is that I have a job," he says firmly. A view of COSCO owned dock and yard in Piraeus on March 4, 2015. New California State 7th Constitutional Convention Update, {"items":["5f959cdfe33cf700173e3974","5f9586bde24905001760f55d","5f81ae096f1df500176c2dab","5f81ae096f1df500176c2dac","5f81ae096f1df500176c2dad","5f81ae096f1df500176c2dae","5f81ae096f1df500176c2daf","5f81ae096f1df500176c2db0","5f81ae096f1df500176c2db1","5f81ae096f1df500176c2db2"],"styles":{"galleryType":"Columns","groupSize":1,"showArrows":true,"cubeImages":true,"cubeType":"max","cubeRatio":1.7777777777777777,"isVertical":true,"gallerySize":30,"collageAmount":0,"collageDensity":0,"groupTypes":"1","oneRow":false,"imageMargin":22,"galleryMargin":0,"scatter":0,"chooseBestGroup":true,"smartCrop":false,"hasThumbnails":false,"enableScroll":true,"isGrid":true,"isSlider":false,"isColumns":false,"isSlideshow":false,"cropOnlyFill":false,"fixedColumns":0,"enableInfiniteScroll":true,"isRTL":false,"minItemSize":50,"rotatingGroupTypes":"","rotatingCubeRatio":"","gallerySliderImageRatio":1.7777777777777777,"numberOfImagesPerRow":3,"numberOfImagesPerCol":1,"groupsPerStrip":0,"borderRadius":0,"boxShadow":0,"gridStyle":0,"mobilePanorama":false,"placeGroupsLtr":false,"viewMode":"preview","thumbnailSpacings":4,"galleryThumbnailsAlignment":"bottom","isMasonry":false,"isAutoSlideshow":false,"slideshowLoop":false,"autoSlideshowInterval":4,"bottomInfoHeight":0,"titlePlacement":["SHOW_ON_THE_RIGHT","SHOW_BELOW"],"galleryTextAlign":"center","scrollSnap":false,"itemClick":"expand","fullscreen":true,"videoPlay":"hover","scrollAnimation":"NO_EFFECT","slideAnimation":"SCROLL","scrollDirection":0,"overlayAnimation":"FADE_IN","arrowsPosition":0,"arrowsSize":23,"watermarkOpacity":40,"watermarkSize":40,"useWatermark":true,"watermarkDock":{"top":"auto","left":"auto","right":0,"bottom":0,"transform":"translate3d(0,0,0)"},"loadMoreAmount":"all","defaultShowInfoExpand":1,"allowLinkExpand":true,"expandInfoPosition":0,"allowFullscreenExpand":true,"fullscreenLoop":false,"galleryAlignExpand":"left","addToCartBorderWidth":1,"addToCartButtonText":"","slideshowInfoSize":200,"playButtonForAutoSlideShow":false,"allowSlideshowCounter":false,"hoveringBehaviour":"NEVER_SHOW","thumbnailSize":120,"magicLayoutSeed":1,"imageHoverAnimation":"NO_EFFECT","imagePlacementAnimation":"NO_EFFECT","calculateTextBoxWidthMode":"PERCENT","textBoxHeight":60,"textBoxWidth":200,"textBoxWidthPercent":75,"textImageSpace":10,"textBoxBorderRadius":0,"textBoxBorderWidth":0,"loadMoreButtonText":"","loadMoreButtonBorderWidth":1,"loadMoreButtonBorderRadius":0,"imageInfoType":"ATTACHED_BACKGROUND","itemBorderWidth":0,"itemBorderRadius":0,"itemEnableShadow":false,"itemShadowBlur":20,"itemShadowDirection":135,"itemShadowSize":10,"imageLoadingMode":"BLUR","expandAnimation":"NO_EFFECT","imageQuality":90,"usmToggle":false,"usm_a":0,"usm_r":0,"usm_t":0,"videoSound":false,"videoSpeed":"1","videoLoop":true,"gallerySizeType":"px","gallerySizePx":1000,"allowTitle":true,"allowContextMenu":true,"textsHorizontalPadding":-30,"itemBorderColor":{"themeName":"color_12","value":"rgba(232,232,232,0)"},"galleryLayout":2,"calculateTextBoxHeightMode":"MANUAL","targetItemSize":1000,"selectedLayout":"2|bottom|1|max|true|0|true","layoutsVersion":2,"selectedLayoutV2":2,"isSlideshowFont":true,"externalInfoHeight":60,"externalInfoWidth":0.75},"container":{"width":220,"galleryWidth":242,"galleryHeight":0,"scrollBase":0,"height":null}}, Trump administration forces China to sell the Port of Long Beach.

China's Cosco Shipping Holdings, which bought out its 75 percent–owned Hong Kong–based Orient Overseas International (OOCL), was forced to sell its Port … It saw more than 8.6 billion containers (incoming and outgoing by sea) in 2018 — an increase from the previous year. "Piraeus was not a top-ranking port. Debart thought it would close.

"The objective is to transform it into the biggest transit hub between Europe and Asia and, potentially, the biggest port in Europe," Kostas Fragogiannis, Greece's deputy minister for foreign affairs, told CNBC Wednesday. "We handed over control of our most important port to a company that's not even in the European Union," Nouchoutidis says.

Correction: An earlier version of this piece misspelled the state-owned 'Cosco' name. The decision is linked to a merger and major reorganization of China Shipping Group and COSCO Group earlier in 2016. They kept their heads down, waiting by the phone for a last-minute call to work, sometimes working straight shifts without breaks.". A Chinese state-owned company has reached a deal to sell one of the nation’s busiest port terminals in Long Beach for $1.78 billion, according to an announcement Tuesday, April 30. Joanna Kakissis/NPR VIDEO: Trump Says Airlines and Cruise Industries Will Come Back. Among the major players in China’s outreach are two key state-owned enterprises: China Merchants Port Holdings and COSCO ... COSCO started buying shares of Greece’s Piraeus port … Click here: Chinese Enterprises Are Staking Their Claim On Ports, Fu, who is 68 and a former Red Guard member in China's Cultural Revolution, declined NPR's interview requests. The Port of Piraeus is the largest port in Greece and one of the largest in Europe serving as the main sea gate of the European continent at its southeastern edge. His attitude has turned off port workers like Giorgos, who has worked at the port for more than 40 years. LEAKED VIDEO: When you gotta go…You gotta go. But one of the first major actions of the Trump administration's Department of Homeland Security in March 2017 was issuing a "Committee on Foreign Investment in the U.S." national security hold on Cosco's acquisition of a former U.S. Navy port facility.

During a visit to Athens earlier this week, Xi said: "We want to strengthen Piraeus' transshipment role and further boost the throughput capacity of China's fast sea-land link with Europe," according to Reuters. As part of its efforts to gain asset dominance, China has directed its state-owned companies to exclusively buy products and services from other Chinese state-owned enterprises. "What COSCO and what Chinese companies seem to be doing at the moment is to focus money on not the largest European seaports but smaller ones and develop them to become bigger," says van der Putten, the China analyst in the Netherlands. But I think now we're really taking off.". It's a change "for the port that was under public control, for the workers, because they were public servants and are not anymore, for the state. The port's managing director also declined. Today, a Chinese company holds a controlling stake in the port. Since the Greek financial crisis, Beijing and Athens have deepened their links. "What degree of China's influence is unavoidable and acceptable especially in sectors such as ports?". 49th Floor, COSCO Tower, 183 Queen’s Road Central, Hong Kong, This page was last edited on 9 May 2020, at 01:16. "They are proud to have Zeebrugge in their portfolio," she says. "With this and other ports like Piraeus, we want to build a bridge to Europe. 04 . "The Chinese know what they want so it's all happening very fast," he says. And it's my home. "We also had smuggling before the privatization, and of course, we will have it after the privatization, because smuggling occurs in ports," he says. The Chinese and the Greek state have also developed a master plan for the area, and COSCO has committed to invest an additional $350 million in the next five years.

circulars 2020 . hide caption. Established in 2001, COSCO SHIPPING Terminals (North America) is a wholly-owned subsidiary of COSCO SHIPPING (North America) Inc. Pacific Maritime Services is a joint venture between COSCO SHIPPING Terminals (North America), Stevedoring Services of America (“SSA Marine”) and CMA Terminal Links, providing terminal services to container vessels arriving at Pacific Container Terminal (PCT) … And sea shipping outweighs rail or air freight. For Asia Europe trade price, please link to the following He says the Chinese company COSCO has infused the port with energy and purpose. ", But to her surprise, COSCO kept her on. Six years later, the company controlled the port. He shrugs off China's politics.

So it's like an anaconda strategy: Surround it and squeeze it.". ($US 312 million). [1], In July 2016, COSCO Pacific announced it plans to change its name to COSCO Shipping Ports Limited. That's the year the state-owned China Ocean Shipping Co., known as COSCO, started buying stakes in the port of Piraeus. Your e-mail address is only used to send you our newsletter and information about the activities of PortandTerminal.com. Florens Group changed its name to COSCO Pacific Ltd. Major business: terminal, container leasing, logistics and container manufacturing, Listed on the Stock Exchange of Hong Kong. China COSCO Shipping Corporation Limited- abbreviated as COSCO SHIPPING- is a Chinese multinationaltransportation service and real estate conglomerateheadquartered in Shanghai. Talks stimulus. hide caption, David Liu, the COSCO chief executive at the Zeebrugge port, has retained local managers at the terminal.

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