OLP and Cosco in agreement through 'Friendly Settlement'

The government is expected to proceed with an amendment of the contract towards the Chinese side, of the commercial terminal at the port since, according to reports, the Piraeus Port Authority (OLP) and Cosco appear to have reached an agreement, through a “Friendly Settlement”, on changes in the operation of docks which due to the international economic conjuncture has also dealt a blow at sea transport.
According to judicial circles, the demands of the two sides are expected to be submitted for approval to the Maritime Affairs, Islands and Fisheries ministry and the Finance ministry and if they are accepted an amendment will be prepared that will be tabled in Parliament for ratification.

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