October 24, 2020 - At last week’s Transport Logistic ... China’s COSCO Shipping Ports and Qingdao Port International Development have a 49.9 percent stake in two terminals in Genoa....

October 15, 2020 - For example, despite the March 2019 MoU with the port of Genoa, CCCC did not actually win the public bid for the construction of the new breakwater dam. In conclusion, foreign investments always carry a risk and undeniably, there have been instances in which Chinese investments have led to an excessive ownership of strategic infrastructure by the Chinese counterpart.

Trieste in the Italy–China MoU of March 201917 – and one might wonder why the · MoU was struck with it rather than an established maritime-operations company · such as COSCO. The answer is that neither Genoa nor Trieste were looking for · collaborations directly on their ports: Genoa was considering Chinese investment

June 20, 2020 - When Italy signed up to the China Belt Road Initiative in 2019, it had dreams of becoming the key gateway for China into the Baltic, Adriatic, and Euro trading zone. The Port of Trieste, being a key component of the deal, envisaged a future state in which it would become the future maritime ...

February 22, 2022 - The White House National Security Council Spokesman, Garrett Marquis, warned Italian government about the negative effects of “China’s infrastructure diplomacy”, while Trump administration officials met with national right-wing party leaders to clarify the dangers of deals with China (Ghiglione, Hornby, Peel, Sevastopulo, 2019). When asked about the role of ports for China’s BRI, Robert Needham, US Consul General in Milan since October 2021, remembered that harbours of Genoa and Trieste are "key to economic relations" between Italy and USA, something not to be touched.

March 21, 2019 - Genoa, Italy (Ports Europe) March 21, 2019 – The potential Chinese investments in Genoa port would not lead to the loss of a state control over the harbour like in Greece’s Piraeus, the president of the regional government of Liguria, Giovanni Toti, has said.

China is Italy's largest trading partner in Asia, with bilateral trade growing 9.1 percent to $54.24 billion last year. The ongoing construction in Vado Ligure is the largest program for Italian ports. "Chinese investments, like the one in Vado Ligure, are necessary; if we want to develop a ...

January 17, 2025 - Introduction 1. The Belt and Road Initiative: A risk for Italy? 2. The leading Chinese companies operating in the Italian port sector 3. The ports of Genoa and Trieste 4. Before March 2019 4.1 The Western Ligurian Sea Port Authority 4.2 The Eastern Adriatic Sea Port Authority 5.

March 28, 2025 - The Port of Genoa is one of the most important seaports in Italy. With a trade volume of 51.6 million tonnes, it is the busiest port of Italy after the port of Trieste by cargo tonnage. Notably the port was used for dismantling the Costa Concordia following the Costa Concordia disaster.

October 21, 2022 - In addition, foreign investment does not count against Italy’s deficit under EU rules, making it even more attractive. Chinese companies already run Piraeus, the Athenian seaport that has been in the hands of Cosco for five years. Yet Chinese offers to invest in the key maritime hubs of Genoa and Trieste through China Communication Construction Company have been frozen since the US Department of Commerce blacklisted the Chinese company.

November 12, 2021 - Since then, Chinese companies have expanded in the three largest ports in Europe, as it acquired a 35% stake in (Euromax Port in Rotterdam), and also acquired a 20% stake in (The Port of Antwerp in Belgium), and China also started actual planning for (Construction of a terminal for Chinese containers and cargo ships in the port of Hamburg in Germany), according to what is circulated. In Italy, Chinese state companies were allowed to manage or maintain stakes in Italian ports to expand exports between China and Italy, according to the announced agreement between them, and (the Italian port of Trieste), specifically is subject to intense interest from Beijing, as the giant Chinese company, called (China Communications Construction) manages some pilot projects in the port in northern Italy.

March 22, 2019 - Paolo Emilio Signorini, president of the Port Authority of the Port of Genoa, noted that Chinese investment endowed the Vado Ligure port with a new look. Thanks to the COSCO fleet, more and more cargos were entering the port, which further facilitated the development of local logistics industry, created more jobs, and injected impetus to the economy of Genoa, he said. “The construction of the Vado Ligure port is an important part to improve the supply chain in northern Italy, Switzerland and southern Germany, and the port will possess a vital strategic position in the Liguria region, greatly improving the efficiency of the terminals.” said Giovanni Toti, president of Liguria.

March 21, 2019 - Italy's government is headed squarely for a deal with China on direct investment in as many as four major seaports, explicitly endorsing Beijing's "belt and road" economic development program. "Our ports - I am thinking in particular those of Genoa and Trieste - can apply for the role of terminals in Europe for the New Silk Road," said Italian prime minister Giuseppe Conte last week.

Chinese investments in the Italian ports of Genoa and Trieste were mentioned in the memorandum of understanding Italy signed when it joined China’s BRI last year, a fact that got some Europeans speculating about whether a Chinese presence in those ports would be a Trojan horse for China to dominate central Europe.

March 20, 2019 - A deal on the ports is expected to be on the agenda when Chinese President Xi Jinping heads to Rome this week for talks with Italian Prime Minister Giuseppe Conte. The northwestern city of Genoa, Italy’s biggest seaport, said it would sign cooperation agreements with China, while in the south the Sicilian port of Palermo – which Xi is expected to visit this weekend – is the focus of Rome’s efforts to attract Chinese shipping operators.

December 11, 2024 - It owns thirty-five percent of Euromax which runs Rotterdam, Europe’s largest port; twenty percent of Antwerp’s, the next busiest; and 100 percent of Zeebrugge, the world’s largest roll-on/roll-off vehicle facility.

January 21, 2016 - Genoa, a maritime power The city of Genoa is the capital of the Liguria region, in the north-west of Italy. Is part of the most industrial area of the country, historically formed by the triangle between Milan, Turin and itself. It has a population of almost 600 000 inhabitants in the city limits and of over…

China is Italy's largest trading partner in Asia, with bilateral trade growing 9.1 percent to U.S.$54.24 billion last year. The ongoing construction in Vado Ligure is the largest program for Italian ports. "Chinese investments, like the one in Vado Ligure, are necessary; if we want to develop ...

China is Italy's largest trading partner in Asia, with their bilateral trade growing 9.1 percent to 54.24 billion U.S. dollars last year. ... The ongoing construction in Vado Ligure is the largest program for Italian ports these years. "Chinese investments, like the one done in Vado Ligure, ...

November 15, 2023 - While Chinese investment into Italian infrastructure could be predatory, there is a growing certainty: more money is coming to Italy. Its expertise in design, fashion, and manufacturing attract capital. And that could lead to turnaround growth. When I was in Europe, I started investing in Italian real estate via REITs. A REIT is a real-estate investment trust. You enjoy part-ownership of the assets through the shares and receive dividends.