#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
Feb 10, 2021 • 7 tweets • 8 min read
The 17+1 flop THREAD 1/6
Yesterday’s #China-#CEEC summit was an embarrassment for #Beijing and, to a large extent, a waste of time for Europeans. Nearly a decade after this format was put in place with a lot of fanfare, it’s worth looking back and reflecting what went wrong.
2/6 There are five flawed assumptions the 16+1 format (17+1 since 2019) was based on.
1. #CEECs’ expectations that #China would be THE source of #FDI capital and a market for their #exports.
The reality:
- 🇨🇳 loans for 🇨🇳 contractors vs limited FDI;
- Growing #trade deficits.
