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Port Of Piraeus
The Port of Piraeus ( el, Λιμάνι του Πειραιά) is the chief sea port of Athens, Greece, located on the Saronic Gulf on the western coasts of the Aegean Sea, the largest port in Greece and one of the largest in Europe. The Chinese state-owned COSCO Shipping owns the port. History The Port of Piraeus served as the port of Athens since ancient times. Early Antiquity Until the 3rd millennium BC, Piraeus was a rocky island connected to the mainland by a low-lying stretch of land that was flooded with sea water most of the year. It was then that the area was increasingly silted and flooding ceased, thus permanently connecting Piraeus to Attica and forming its ports, the main port of Cantharus and the two smaller of Zea and Munichia. In 493 BC, Themistocles initiated the fortifications of Piraeus and later advised the Athenians to take advantage of its natural harbours' strategic potential. In 483 BC, the Athenian fleet left the older harbour of Phaleron and it was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greece
Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders with Albania to the northwest, North Macedonia and Bulgaria to the north, and Turkey to the northeast. The Aegean Sea lies to the east of the mainland, the Ionian Sea to the west, and the Sea of Crete and the Mediterranean Sea to the south. Greece has the longest coastline on the Mediterranean Basin, featuring thousands of islands. The country consists of nine traditional geographic regions, and has a population of approximately 10.4 million. Athens is the nation's capital and largest city, followed by Thessaloniki and Patras. Greece is considered the cradle of Western civilization, being the birthplace of democracy, Western philosophy, Western literature, historiography, political science, major scientific and mathematica ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phalerum
Phalerum or Phaleron ( ''()'', ; ''()'', ) was a port of Ancient Athens, 5 km southwest of the Acropolis of Athens, on a bay of the Saronic Gulf. The bay is also referred to as "Bay of Phalerum" ( el, Όρμος Φαλήρου '').'' The area of Phalerum is now occupied by the towns Palaio Faliro, Kallithea, Moschato and Neo Faliro, all of which are part of the Athens agglomeration. Phalerum was the major port of Athens before Themistocles had the three rocky natural harbours by the promontory of Piraeus developed as alternative, from 491 BC. It was said that Menestheus set sail with his fleet to Troy from Phalerum, as so did Theseus when he sailed to Crete after the death of Androgeus. Recently, archaeologists have uncovered what appear to be traces of ancient Athens’s first port before the city’s naval and shipping centre was moved to Piraeus. The site, some 350 m from the modern coastline, contained pottery, tracks from the carts that would have served the por ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Escrow
An escrow is a contractual arrangement in which a third party (the stakeholder or escrow agent) receives and disburses money or property for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties. Examples include an account established by a broker for holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction; or, a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums. The word derives from the Old French word , meaning a scrap of paper or a scroll of parchment; this indicated the deed that a third party held until a transaction was completed. Types Escrow generally refers to money held by a third party on behalf of transacting parties. It is mostly used regarding the purchase of shares of a company. It is best known in the United States in the context of the real estate industry (specifically in mor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COSCO Pacific
COSCO Shipping Ports Limited, stylized as COSCO SHIPPING Ports is a Hong Kong listed company and investor in ports. The company is formerly known as COSCO Pacific Limited and was an indirect subsidiary of China Ocean Shipping (Group) Company (COSCO) and now part of its successor, China COSCO Shipping group. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding. COSCO Pacific was a Hang Seng Index constituent ( blue chip) from 2003 to 2014. COSCO Pacific also a red chip company so that it once considered as a purple chip company. History COSCO Pacific Limited is a Bermuda incorporated company and was a subsidiary of China Ocean Shipping (Group) Company (COSCO). In 1994, it became a listed company in the Stock Exchange of Hong Kong (SEHK). At that time, Hong Kong is a British colony and not yet handover back to the People's Republic of China. After the 1997 handover, Hong Kong still has a separate j ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Ocean Shipping (Group) Company
China Ocean Shipping Company, Limited, formerly China Ocean Shipping (Group) Company, commonly known for its abbreviated name COSCO Group, or simply, COSCO, is a former Chinese Government owned shipping and logistics services supplier company. It is one of the major holding company for China COSCO Shipping. China COSCO Shipping itself is formed by a merger of COSCO Group and China Shipping Group as one conglomerate, by a creation of a new common parent company of the two groups. COSCO headquarters is in Ocean Plaza in the Xicheng District in Beijing. It owns 1114 ships, including 365 dry bulk vessels, a container fleet with a capacity of , and a tanker fleet of 120 vessels. The fleet calls at over a thousand ports worldwide. It ranks among the largest in both number of container ships and aggregate container volume in the world. In 2012, it was among China's top 15 brands. It was the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatize
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greek Government-debt Crisis
Greece faced a sovereign debt crisis in the aftermath of the financial crisis of 2007–2008. Widely known in the country as The Crisis ( Greek: Η Κρίση), it reached the populace as a series of sudden reforms and austerity measures that led to impoverishment and loss of income and property, as well as a small-scale humanitarian crisis. In all, the Greek economy suffered the longest recession of any advanced mixed economy to date. As a result, the Greek political system has been upended, social exclusion increased, and hundreds of thousands of well-educated Greeks have left the country. The Greek crisis started in late 2009, triggered by the turmoil of the world-wide Great Recession, structural weaknesses in the Greek economy, and lack of monetary policy flexibility as a member of the Eurozone. The crisis included revelations that previous data on government debt levels and deficits had been underreported by the Greek government: the official forecast for the 2009 budg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ottoman Greece
Most of the areas which today are within modern Greece's borders were at some point in the past part of the Ottoman Empire. This period of Ottoman rule in Greece, lasting from the mid-15th century until the successful Greek War of Independence that broke out in 1821 and the proclamation of the First Hellenic Republic in 1822 (preceded by the creation of the autonomous Septinsular Republic in 1800), is known in Greek as ''Tourkokratia'' ( el, Τουρκοκρατία, "Turkish rule"; en, "Turkocracy"). Some regions, however, like the Ionian islands, various temporary Venetian possessions of the Stato da Mar, or Mani peninsula in Peloponnese did not become part of the Ottoman administration, although the latter was under Ottoman suzerainty. The Eastern Roman Empire, the remnant of the ancient Roman Empire which ruled most of the Greek-speaking world for over 1100 years, had been fatally weakened since the sacking of Constantinople by the Latin Crusaders in 1204. The Ottoman ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Byzantine Empire
The Byzantine Empire, also referred to as the Eastern Roman Empire or Byzantium, was the continuation of the Roman Empire primarily in its eastern provinces during Late Antiquity and the Middle Ages, when its capital city was Constantinople. It survived the fragmentation and fall of the Western Roman Empire in the 5th century AD and continued to exist for an additional thousand years until the fall of Constantinople to the Ottoman Empire in 1453. During most of its existence, the empire remained the most powerful economic, cultural, and military force in Europe. The terms "Byzantine Empire" and "Eastern Roman Empire" were coined after the end of the realm; its citizens continued to refer to their empire as the Roman Empire, and to themselves as Romans—a term which Greeks continued to use for themselves into Ottoman times. Although the Roman state continued and its traditions were maintained, modern historians prefer to differentiate the Byzantine Empire from Ancient Rome a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Themistoclean Wall
The Themistoclean Wall ( el, Θεμιστόκλειον τείχος), named after the Athenian statesman Themistocles, was built in Athens, Greece during the 5th century BC as a result of the Persian Wars and in the hopes of defending against further invasion. History The Persian Wars were waged by the Achaemenid Empire of Persia in an attempt to conquer the Greeks. King Darius I was unsuccessful in his invasion attempt and was followed by his son, Xerxes I, who led the Second Persian Wars which lasted from 480 to 479 BC. Xerxes saw more victories than his father, successfully burning down Athens. Following the Persian Wars the Greek city states were left in disarray. Many buildings, statues, and fortifications of the Greek city states were destroyed. The people of Athens were worried by a return of the Persians, and Themistocles advocated rebuilding the walls before anything else so they decided to act upon this plan. This project was opposed by the Spartans and their Pelo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
