Deal with Cosco to be reviewed after OLP tender is called off

The utilization of the port of Piraeus is now in unchartered waters following the official cancellation of the tender for the sale of a 67.7 percent stake in Piraeus Port Authority on Wednesday.

Economy and Shipping Minister Giorgos Stathakis and Alternate Minister for Shipping Theodoris Dritsas made the announcement after taking over from former Merchant Marine Minister Miltiadis Varvitsiotis.

They stated they may review the agreement with Cosco, but did not say if they would renegotiate with the Chinese company, adding there is an ‘open horizon’ of cooperation with Beijing.