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Piraeus Port Authority posted a 24.4% net profit decline for the first half of 2026 as mandatory infrastructure works at Pier I temporarily constrained container storage capacity, even as the company accelerated its investment programme.
The 24,188-TEU container ship OOCL Portugal transited the Suez Canal southbound on a voyage from Belgium to China, marking COSCO Shipping Lines’ first such passage since the Red Sea security crisis began.
A review of Greece’s port ownership structure shows Chinese, Italian and Greek private capital increasingly running key terminals alongside the Greek state, which retains ownership stakes across the network.
Senior Trump administration officials say China’s state-owned shipping giant COSCO conceals signals-intelligence equipment aboard its commercial vessels to monitor military communications near the coastlines of target nations, including the United States.
A new mapping of Greece’s port ownership shows Chinese state-owned COSCO, Italy’s Grimaldi Group and Greek private capital now controlling operations at the country’s largest commercial gateways while the Greek state retains ownership of the underlying port authorities.
COSCO Shipping Holdings has contracted 18 new containerships worth RMB20.27 billion ($2.99 billion), taking its 2026 newbuilding commitments in the segment to 48 vessels and roughly $8 billion.
COSCO Shipping Energy has ordered four new LNG carriers from China’s Jiangnan Shipyard in a deal worth more than $900 million, expanding its gas-carrying fleet.
