from Merijn Knibbe
According to Ekathimerini,
American IT firm HP has chosen Piraeus as the site for its central distribution center for products destined for Central Europe, the Middle East, North Africa, the Mediterranean region and the former Soviet republics, the ministry stated. HP products will be distributed by sea from the terminal that Cosco controls in Piraeus and by rail via state railway service operator TRAINOSE.
According to the ministry?s announcement, HP?s transport and shipping activity will add up to a total of $50 billion, the bulk of which will now be taken to Piraeus.
Did HP take this decision because wages in Greece were slashed and government employees were fired? NO. It took this decision because Greece invested in new technology (while higher oil prices did their bit):?
Sources add that the high cost of fuel, which has led to a reduction in the speed of ships, has rendered the port of Rotterdam, where the company currently conducts its distribution from, particularly expensive. Kathimerini understands that HP will therefore cut costs and save time this way: ?From Piraeus to Rotterdam, the trip used to last six days, but at current speeds due to the cost of fuel it lasts 11. Therefore Piraeus is the most economical and beneficial choice.?
During a meeting on Wednesday?? officials from HP and PCT, the Cosco subsidiary that controls Dock II, reportedly asked for guarantees for the completion of a railway connection between the dock in Piraeus and the port of Ikonio, a few kilometers away from Piraeus?s main port. They also requested that the speedy processing of cargo through customs be safeguarded.
Sources say that the port?s connection by rail with the main network of the Hellenic Railways Organization (OSE), which should have been ready this month, will be completed by the end of the year. The first test services will run on December 15 so that the route can be delivered to TRAINOSE for the transport of goods.
Market professionals note that the level of services offered and the productivity at Dock II, managed by PCT, have improved considerably and are now up to international standards. International Maritime Union (IMU) sources stated that PCT has managed to upgrade the port of Piraeus so that it is now able to attract major clients, such as HP.
Source: http://rwer.wordpress.com/2012/11/15/good-news-from-greece/
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