Wednesday August 20, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Hewlett-Packard picks Piraeus as transit center

By Nikos Bardounias and Alexandra Kassimi

The Development Ministry confirmed on Wednesday the provisional agreement recently signed between Cosco and Hewlett-Packard (HP) for the use of Dock II in Piraeus, which appears to be a very promising deal that bodes well for other investments, too.

American IT firm HP has chosen Piraeus as the site for its central distribution center for products destined for Central Europe, the Middle East, North Africa, the Mediterranean region and the former Soviet republics, the ministry stated. HP products will be distributed by sea from the terminal that Cosco controls in Piraeus and by rail via state railway service operator TRAINOSE.

According to the ministry’s announcement, HP’s transport and shipping activity will add up to a total of $50 billion, the bulk of which will now be taken to Piraeus.

Sources add that the high cost of fuel, which has led to a reduction in the speed of ships, has rendered the port of Rotterdam, where the company currently conducts its distribution from, particularly expensive. Kathimerini understands that HP will therefore cut costs and save time this way: “From Piraeus to Rotterdam, the trip used to last six days, but at current speeds due to the cost of fuel it lasts 11. Therefore Piraeus is the most economical and beneficial choice.”

During a meeting on Wednesday between Prime Minister Antonis Samaras and the ministers of development, Costis Hatzidakis, and merchant marine, Costas Mousouroulis, as well as the president of TRAINOSE, Thanassis Ziliaskopoulos, officials from HP and PCT, the Cosco subsidiary that controls Dock II, reportedly asked for guarantees for the completion of a railway connection between the dock in Piraeus and the port of Ikonio, a few kilometers away from Piraeus’s main port. They also requested that the speedy processing of cargo through customs be safeguarded.

Sources say that the port’s connection by rail with the main network of the Hellenic Railways Organization (OSE), which should have been ready this month, will be completed by the end of the year. The first test services will run on December 15 so that the route can be delivered to TRAINOSE for the transport of goods.

Market professionals note that the level of services offered and the productivity at Dock II, managed by PCT, have improved considerably and are now up to international standards. International Maritime Union (IMU) sources stated that PCT has managed to upgrade the port of Piraeus so that it is now able to attract major clients, such as HP. The latter’s decision may well draw other major companies to Greece’s main port as the services offered cover their requirements.

It is estimated that once the final agreement is signed, the local cargo handled in Piraeus could soar by up to 50 percent, while TRAINOSE also stands to reap major benefits as it will carry a considerable share of that load to other European countries.

The government’s aim is to transform Greece into a transit center for the broader region through which cargo to and from the Middle East will pass. It is hoping that other companies will also follow HP’s example and choose Piraeus as a key trafficking point.

“Our country can make it, when its production engine is dynamically modernized, as this significant decision taken by the three partners shows,” Samaras stated after Wednesday’s meeting.

ekathimerini.com , Wednesday November 14, 2012 (22:34)  
Government OKs 100 mln euros in hotel subsidies
VAT refund waits over 2 years long
EBA to publish bank losses
Bank of Cyprus sells Romanian hotel stake
Air-traffic controllers voice stress concerns
An increase in the number of flights arriving in and departing from Greece is putting local air-traffic controllers under too much stress, their union said on Wednesday as it announced plans...
Sphinxes at burial site at Ancient Amphipolis revealed
State archaeologists on Wednesday continued their painstaking work at the site of Ancient Amphipolis, in central Macedonia, removing large stones from the entrance to a huge tomb there and r...
Inside News
SOCCER
Greek soccer officials in refereeing probe to face prosecutor on Sept 15
Eleven soccer officials were on Wednesday given until September 15 before they have to face prosecutor Aristidis Koreas, who is investigating allegations that the draws to decide which match...
ATHLETICS
Long jumper Tsatoumas takes Greece´s second silver at European Championships
Greece won its second medal at the European Athletics Championships in Zurich, Switzerland, on Sunday with Louis Tsatoumas coming second in the long jump. Briton Greg Rutherford won the even...
Inside Sports
COMMENTARY
Logged out of reality
It is a global phenomenon, and we have yet to fully grasp its implications for democracy and the functionality of Western states. The Internet is a bottomless well of information and a vast ...
EDITORIAL
Manipulated institutions
Greece’s leftist opposition must not manipulate an institution as important as the President of the Republic for the sake of political ends. Regrettably, SYRIZA leader Alexis Tsipras appears...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Air-traffic controllers voice stress concerns
2. Sphinxes at burial site at Ancient Amphipolis revealed
3. Greek soccer officials in refereeing probe to face prosecutor on Sept 15
4. UN appoints new special adviser on Cyprus issue
5. Man faces Athens prosecutor over 27.6 mln euros in debts to state
6. Firemen battle blaze in woodland on Rhodes
more news
Today
This Week
1. Greek current account surplus widens in June
2. Two missing men found shot dead near Kalamata
3. Logged out of reality
4. Greek firms see 30 pct rise in PayPal payments from abroad in 2014
5. ECB in policy limbo, boxed in by its own plans
6. Greece to give children at primary school road safety lessons
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Samaras expects 'exceptionally important find' at Ancient Amphipolis
3. Rhodes villa built for Mussolini among properties Greek privatization fund is selling
4. Canada’s fiscal adjustment has lessons for Greece
5. Treating Amphipolis with care
6. Greece to offer law on restructuring bad loans next month
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.