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Piraeus port focal point of Greece's logistics push

Turning it into bigger trade gateway will spur economy

Published Mon, Sep 15, 2014 · 04:09 AM

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[BRUSSLES] The Greek port of Piraeus could become one of Europe's top five container shipping hubs as the government spurs logistics activities in a bid to kick-start economic growth, said Development Minister Kostis Hatzidakis.

Piraeus is expanding as China-based Cosco Pacific Ltd operates one of two piers, builds a third and prepares to offer cargo-train shipping to multinational companies including Hewlett-Packard Co and Huawei Technologies Co.

"Piraeus could become one of the four to five biggest ports in Europe very soon," Mr Hatzidakis said in a Feb 20 interview in Brussels.

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