Piraeus the Greek government in the British courts, most were uninterested in continuing to base their headquarters in Piraeus, both out of distrust of the Greek government, and because the war had left the greater Athens area in a state of severe poverty. As a result, Greece's shipowners left Piraeus en masse in favour of operations in London, New York, Alexandria and other major shipping cities. Today the port of Pireaeus ranks 7th in Europe in terms of TEUs transported through it each year. In 1967, when a group of colonels staged a coup d'état against the government, in order to
Port of Piraeus the Greek government-debt crisis started in late 2009 the Greek government planned to privatize several state-owned assets. These assets are believed to be worth around 50 billion euros. One of these assets is the port of Piraeus. In October 2009 Greece leased docks 2 and 3 from PPA to the China Ocean Shipping (Group) Company (in short: COSCO) for a 35-year-period. For its presence at the port COSCO is paying 100 million euros every year. Terminal 1 is operated by PPA S.A. and has a capacity of nearly 1 million TEUs. Terminal 2's capacity is 3 million TEUs and is