Thessaloniki Port signs up to Belt and Road initiative

Thessaloniki Port Authority has signed a cooperation agreement with China Merchants Port Holdings Co. Ltd. and its subsidiary China Merchants Holdings (International) Information Technology Co., Ltd.

Under the agreement, Thessaloniki Port Authority (ThPA) and China Merchants Port Holdings (CMPort) have agreed to promote the Port of Thessaloniki in the Chinese market as a gateway to Europe. The port is Greece’s second largest, after the main seaport of Piraeus in which China’s shipping firm Cosco is a major stakeholder.

Bai Jingtao, managing director, CMPort, commented: “The port of Thessaloniki has a long history, outstanding location and shipping advantages. It is not only the main import and export gateway in northern Greece, but also an important channel and logistics hub linking Europe and Asia.

“We believe that this successful cooperation is not limited to a system marching overseas in Europe, but also a promotion of the two parties in the port areas of Europe and Asia, which can be recognised another success and practice of the initiative of Belt and Road”.

Franco Nicola Cupolo, director and chief executive officer, ThPA, added: “This will allow to serve main liner container services and accommodate Ultra Large Container Vessels of 24,000 TEUs capacity. We believe that the implementation of CTOS will provide additional value to our investments and support significantly the transformation of container terminal to international standards.”

Importantly, the cooperation agreement will facilitate expansion of the container terminal, which was already included in the investment plan of the port authority.

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