HONG KONG, May 21 (GCTL) - Cosco Pacific, the marine terminals subsidiary of China's largest shipping company, is going ahead with a €120 million (HK$1.18 billion) expansion of Piraeus Container Terminal in Greece months earlier than planned.
This came after container volumes at Piraeus almost doubled in 2011 compared with a year earlier and despite renewed concern about the country's economic and political woes.
Ken Chan Hang, deputy general manager, said the firm was unlikely to be affected by the Greek crisis because most of the port's throughput was transshipment traffic.
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