Friday , 23 August 2019
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Piraeus, Venice and Chiogga agree to strengthen cargo flow
Pino Musolino, president of the North Adriatic Sea Port Authority and Captain Fu Chengqiu, CEO of Piraeus Port Authority S.A

Piraeus, Venice and Chiogga agree to strengthen cargo flow

The Port Authority of Piraeus’ CEO and the President of the North Adriatic Sea Port Authority has signed a Memorandum Of Understanding (MOU) with the aim to strengthen relations and cargo flows between the two ports.

The two parties have plans to support infrastructural connectivity policies and port services aimed at fostering the commercial flows between Europe, the Mediterranean and the Far East via the two ports.

It also aims to improve the exchange of “best practices and know-how” in port management specifically in the fields of information technology, investment attraction and communication.

The common target is to improve the performance of the Port of Piraeus and the Ports of Venice and Chioggia, both of which serve as fundamental networks in the upcoming international maritime connections along the new Silk Road.

Captain Fu Chengqiu, CEO of Piraeus Port Authority S.A, said: “The establishment of our cooperation with the North Adriatic Sea Port Authority is targeting to strengthen the trade links between Asia and Mediterranean and to enhance the role of the ports as engines for the European economy.

“The Piraeus port with its ongoing investment plan aims within the next years to contribute to the growth of the local and regional economy by developing almost every aspect of the shipping and maritime industries including containers, shipyards, logistics, cruise and ferries.”

Pino Musolino, president of the North Adriatic Sea Port Authority, added: “Through this agreement, which is coupled with the other recently signed with COSCO Shipping for a weekly connection Piraeus-Venice, we want to clearly show that the development of trades primarily requires commercial agreements, optimisation of services and targeted infrastructure interventions.

“This is the right path to create value for our economy and for our territory.”

Piraeus is one of the largest ports in Greece and the Eastern Mediterranean and is the first deep sea EU port after crossing the Suez Canal.

It offers combined transport solutions for cargo that can be re-distributed by road, rail and sea and, according to Chengqiu, is an “ideal hub” between Asia and Central and Eastern Europe.