COSCO Also Eyes Greek Train Network
China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Buying TRAINOSE and Piraeus Port would give COSCO maritime connections to the Suez Canal and rail links to the Balkans and central and Eastern Europe. Bolstered by December's merger with China Shipping Group , COSCO's focus on Greece is about building market share at a time of anguish in a bruised and oversupplied shipping sector, industry sources said.
Climate Change Impacts on Ports and Trade
Ports are likely to be affected directly and indirectly by climate changes, such as rising sea levels, extreme weather events and rising temperatures. Climate change and its impact on ports will be the theme of the upcoming United Nations Conference on Trade and Development (UNCTAD) Expert Meeting that will take place from the 29th to the 30th of September. Over 80 per cent of world trade volume is carried by sea. International shipping and ports provide crucial linkages in global supply-chains and are essential for the ability of all countries, including those that are landlocked, to access global markets. Given ports’ strategic role as part of the international trading system…
UNCTAD Convening Expert Meeting on "Climate Change Impacts and Adaptation"
The UNCTAD secretariat is convening an Ad Hoc Expert Meeting on "Climate Change Impacts and Adaptation: A Challenge for Global Ports", to be held in Geneva on 29-30 September 2011. Following earlier related activities (see www.unctad.org/ttl/legal, under "Meetings"), the two-day meeting aims to provide a platform for expert discussions on how best to improve the understanding of climate change impacts on ports and develop effective and appropriate adaptation response measures. The meeting aims to bring together a wide range of interested parties from the public and private sectors, including policy makers and planning authorities, port industry representatives and operators…
