Discover and read the best of Twitter Threads about #tangermed

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THREAD
Sleepless in #Piraeus

#COSCO are increasingly uneasy about their investment in #Greece. They are desperate to get the go-ahead for a new container terminal (Pier IV), with an estimated capacity of handling some TEU2.8m a year, mostly because of competition. 1/10
In 2020, #TangerMed in #Morocco (run by #Maersk) overtook #Piraeus as the largest container port in the #Mediterranean, and #Valencia got very close. The merger between #Antwerp and #Zeebrugge also adds to what is already a fierce competition between forwarders. 2/10
So far, the government of #Greece has not agreed to the construction of a new container terminal, due to growing resistance to #COSCO’s policies from a motley crew of local stakeholders in #Piraeus and neighbouring municipalities. 3/10
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