Showing posts with label COSCO. Show all posts
Showing posts with label COSCO. Show all posts

Thursday, July 7, 2016

Chinese giant COSCO to PM Tsipras: "Dockworkers' strikes must be restricted"!

The official trip of Greek Prime Minister Alexis Tsipras to China included everything: from sightseeing tour in the Great Wall and high-level talks with the Chinese government to agreements with some of the country's biggest monopoly groups. 

'Cosco', the shipping giant which holds the 51% of the Piraeus Port Authority (one of Europe's largest seaports), is one of these multinational giants which seeks in multiplying its profits from the investments in Greece. Prime Minister Tsipras met with the 'Cosco' boss Xu Lirong in Shanghai where they discussed the possibility of extending the collaboration between the Chinese giant and the Greek state. 

According to Greek media, Lirong asked from Tsipras to take any possible measure for the restriction of the strikes in Piraeus Port! Seems that 'Cosco' isn't pleased enough with the galley working conditions that exist in Greece's largest port and wants to extend the exploitation against dockworkers. Of course, this demand by 'Cosco' goes along the upcoming 2nd evaluation of the bailout agreement which includes new barbaric anti-workers laws, restriction of strikes, etc. 

Friday, April 8, 2016

For Capital's sake: SYRIZA government sold Piraeus port to chinese shipping giant COSCO

Sources: Reuters & 902.gr.

The Greek government sealed on Friday the sale of its biggest port to chinese shipping giant COSCO Shipping Corporation, the second major privatization for the bailed out country since late last year.
China COSCO's chairman Xu Lirong, Prime Minister Alexis Tsipras and the head of Greece's privatization agency signed the 368.5 million euro ($419.43 million) contract in Athens. Under the deal, China Cosco will acquire 51 percent of Piraeus Port (OLP) for 280.5 million euros and the remaining 16 percent for 88 million, after five years once it concludes mandatory investments, which will amount to 350 million euros over the next decade.
Prime Minister and SYRIZA leader Alexis Tsipras said that the privatization of Piraeus port is the starting point for upcoming investments in the country. Mr.Tsipras defiantly argued that his government's major concern is the protection of the labour rights of the dockworkers- on the same time the chinese shipping giant already applies "galley-slave" conditions in Piraeus.