KMI International Journal of Maritime Affairs and Fisheries
Korea Maritime Institute
Article

The Assessment of the Piraeus Container Terminal Privatization Initiative

Dimitrios Manios*, A-Rom Kim**, Young-Joon Seo***
*First Author, Plymouth Business School, Plymouth University, UK, Dimitriosmanios@gmail.com
**Corresponding Author, Institute of Economics & Business Administration, Kyungpook National University, South Korea, akadalong@gmail.com
***Third Author, School of Economics & Trade, Kyungpook National University, South Korea, y.seo@knu.ac.kr

© Copyright 2021 Korea Maritime Institute. This is an Open-Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/4.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.

Published Online: Dec 31, 2017

ABSTRACT

The geographical advantage of the Piraeus container terminal allows it to enjoy its unique position in containerized trade and global trade. Nonetheless, recently, the administration of the Piraeus port by a Chinese corporation named The China Ocean Shipping Company (COSCO) Pacific has captured the interest of the public and the attention of the media. Via this privatization, drastic changes are anticipated to occur in terms of infrastructure development, employment and logistics. Therefore, these will induce the creation of new trade routes between Greece and Europe, thus, offering a springboard of advantages to the surrounding regions. This paper examines major components that would be affected by above concession. The results suggest that the privatization of the port may lead to the new technology infrastructure improvements, as well as more efficient container capacity within the Piraeus Container Terminal.

Keywords: Piraeus; Seaport; Terminal Privatization; COSCO; Greece