Chinese Management Makes Piraeus 8th Biggest World Shipping Center 

September 24, 2023

ATHENS – The once dormant port of Piraeus, which struggled under Greek leadership, has risen under the management of the Chinese company COSCO that is the majority stakeholder, now ranked eighth in the world as a shipping center.

Greek oligarch fleets are also being overtaken by China for how much tonnage is being carried and losing a long-prideful position for the tiny Mediterranean country, and bragging rights over the seas.

The Xinhua-Baltic Index from China’s state news agency showed that Singapore kept the title of the world’s largest shipping center in 2023, but Athens and Piraeus had climbed, the port also among the busiest in the European Union.

The 5,500 ships of the world’s largest shipping nation are supported by more than 1,000 offices in the Athens-Piraeus areas, the analysis stated, noted the Greek daily business newspaper Naftemporiki.

The Xinhua-Baltic index takes into consideration port operations by 20 percent, shipping offices and shipping services by 50 percent, and business environment by 20 percent in determining the rankings.

London, the world capital of maritime arbitration and services, has been in second place for the last four years. Shanghai, the shipping capital of China, remains in third place, followed by Hong Kong and Dubai in fifth place.

The first and third busiest ports in Europe, Rotterdam and Hamburg are in sixth and seventh place while Piraeus climbed past New York – which fell to 10th, with . Ningbo – Zhoushan at ninth.


ATHENS - You wouldn’t imagine it from the busy streets of Athens and Greek cities buzzing with activity, people out dining, having coffee and socializing but large numbers of elderly in the country spend their days alone in remote areas.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.


Deck the White House Halls: Jill Biden Wants Holiday Visitors to Feel Like Kids Again (Vid & Pics)

WASHINGTON (AP) — Step inside the White House during the holidays by walking beneath the branches of a Christmas tree.

LOS ANGELES – The Los Angeles Greek Film Festival (LAGFF) hosts an in-person screening of Greece’s Oscar entries which compete for nominations in December - Asimina Proedrou’s top Iris Award-winner ‘Behind the Haystacks’ (Πίσω από τις Θημωνιές) and Thanasis Neofotistos’ multiple-award-winning short film ‘Air Hostess – 737’ - on Sunday, December 10, 5:30 PM, at the Gianopulos Family Theater at St.

LOS ANGELES – The Saint Sophia Greek Orthodox Cathedral community is calling for cookies for the reception following the 24th Annual Christmas Concert on Sunday, December 3.

WASHINGTON (AP) — Step inside the White House during the holidays by walking beneath the branches of a Christmas tree.

UTTARKASHI, India (AP) — All 41 construction workers who were trapped in a collapsed mountain tunnel in northern India for more than two weeks were pulled out on Tuesday, bringing an end to a drawn-out rescue mission that had grabbed the country's attention for days.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.