COSCO Pacific signed the concession agreement with Piraeus Port Authority S.A. to operate and develop Piers 2 and 3 of the Piraeus Port in Greece . This marked the corner stone for the Group as this is the first wholly-owned terminal venture of the Group. President Hu Jintao of China and Prime Minster Kostas Karamanlis of Greece attended and witnessed the signing ceremony. (25/11/2008)