Qingdao-Piraeus capacity increases in 2018
By Kim Williams on 8 October 2018
Capacity from Qingdao, China to Piraeus, Greece has steadily increased over the first three quarters of 2018. 
  Capacity at the port of Piraeus, Greece is growing, and has captured China’s interest. In August of 2016, Chinese state-owned ocean carrier COSCO purchased a 51 percent stake in Greece’s largest port. Then, in July of this year, the Qingdao International Port Group signed a Memorandum of Understanding (MOU) with the Piraeus Port Authority. The MOU was designed to facilitate strategic cooperation between the two ports, and enhance their roles as trade gates. 
  Using data from BlueWater Reporting, the chart above shows the weekly deployed capacity in TEUs, as well as the weekly allocated TEUs arriving to Piraeus from Qingdao for the first, second and third quarters of 2018. 
  According to the data, deployed capacity increased 39 percent from 47,167 TEUs in March of this year to 65,442 TEUs at the end of September 2018. The growth of the weekly allocated capacity was more substantial, increasing 74 percent from 1,809 TEUs to 3,151 TEUs over the same period.
  The alliance making the biggest impact is the OCEAN Alliance with COSCO as China’s contributing alliance member. Three OCEAN Alliance services currently connect Qingdao to Piraeus. The Far East Med Service-FEM/AEM5, French Asia Line 2-FAL2/AEU3 and Mediterranean Club Express 2-NEWMEX2S/AEM1 together share 37,886 TEUs in deployed capacity each week.