Wednesday April 16, 2014 Search
Weather | Athens
19o C
12o 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)  
New Greek bond returns to yield at sale
Sanctions on Russia may ‘destroy Cyprus economy’
Euro periphery emerges as haven as bonds rise amid Ukraine feud
Industry turnover index declines in February
Greenpeace warns Greek bees at risk due to ‘toxic cocktail’
A new study by the environmental protection group Greenpeace has shown that the pollen collected by European bees contains up to 17 different pesticides, with checks on 10 pollen samples fro...
Writer slammed for questioning Holy Fire
Writer Nikos Dimou came in for criticism Wednesday for suggesting that the Holy Fire brought back from Jerusalem each Easter Saturday is not the result of a miracle and that Greece should no...
Inside News
BASKETBALL
Defense lets Olympiakos down at Madrid
Olympiakos played second fiddle to Real Madrid in a rather spectacular game in Spain on Tuesday going down 88-71 to trail 1-0 in the best-of-five quarterfinal series with the Spanish giant. ...
SOCCER
Apollon is relegated, Xanthi to face survival play-off
Apollon followed Aris to the second division and Xanthi will contest a relegation play-off, as the end of the regular season of the Super League on Sunday produced predictable results that a...
Inside Sports
COMMENTARY
Stopping the madness
Greek society is threatened by an overdose of madness and hatred. To be sure, behind the rise of polarization and of extreme – sometimes extremist – views is the harsh reality of the debt cr...
EDITORIAL
Fundamental contradictions
The deep division running through the ranks of the country’s main opposition party regarding the euro and how Greece’s negotiations with its partners and creditors ought to be carried out is...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. New Greek bond returns to yield at sale
2. Greenpeace warns Greek bees at risk due to ‘toxic cocktail’
3. Sanctions on Russia may ‘destroy Cyprus economy’
4. Writer slammed for questioning Holy Fire
5. City project puts up poor families
6. Golden Dawn MP to face charges for 2005 mugging
more news
Today
This Week
1. EU struggles to unpick the knot of Russia-Ukraine gas logistics
2. Stormy weather expected in northwest, central Greece
3. Greece to assist search for remains of Turkish pilot
4. Illegally claimed pensions cost state over 12.5 million euros
5. Bad weather leaves northwest town powerless
6. University admission exams to commence May 28
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Time to take a hard look at debt sustainability, says OECD chief
3. For faith and country
4. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
5. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
6. Samaras sees no need for third bailout
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.