Cosco’s Greek unit expanded cargo-train shipping

PCTThe Greek unit of China-based Cosco Pacific Ltd. said it has expanded cargo-train shipping to include a fourth multinational company, bolstering Piraeus port’s goal of becoming a main trade gateway into Europe.
Piraeus Container Terminal SA at mid-year added a non-Chinese Asian electronics manufacturer to its list of clients that use rail-freight services from Greece’s biggest port to move goods to central Europe, said Tassos Vamvakidis, PCT’s commercial manager. The services began earlier this year.
The latest addition to the group, which already included China’s Huawei Technologies Co. and ZTE Corp. and California-based Hewlett-Packard Co., wishes to remain anonymous because of concerns about the possible theft of its goods, according to Vamvakidis.
“We are talking about high-value products,” he said in an interview Thursday in his office at PCT’s headquarters 30 minutes south of central Athens.
Source: ekathimerini.com


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