Ocean Rail Logistics Sa

Ocean Rail Logistics S.A, founded in 2017 in Piraeus,Greece has improved the existing railway transport channel to Central and Eastern Europe through the acquisition of the local Rail Operators and the investment in inland container terminals. In this way, Ocean Rail fills the gap on the Trans-European inland transport channel making her the first and only logistics rail service provider that can offer the entire route to Central Europe and Balkans via Piraeus gate. Ocean Rail is 100% subsidiary of COSCO Shipping Group owned by COSCO Shipping (Europe) Gmbh, by COSCO Shipping Lines (Europe) Gmbh and by PENAVICO & CL (HONG KONG) CO, LIMITED (COSCO Shipping Logistics). In 2020, Ocean Rail completed the investment on 2 new endeavours: a) became the main shareholder of PEARL S.A. the only Rail Operator running freight trains from Piraeus via North Macedonia and Serbia to Central and Eastern Europe and b) became a shareholder of Rail Cargo Terminal – BILK, a major and strategic container terminal in Hungary. The China-Europe Sea and Land Express refers to the route connecting Asia and China Mainland with Europe continent via ocean and rail transportation. Port of Piraeus in Greece plays a significant role on this route as it is the connecting point between the 2 basic modes of transport: vessel and train. Shipments arriving in Piraeus are forwarded further to the Balkans (North Macedonia, Serbia, Bulgaria, Romania) and Central Europe (Hungary, Slovakia, Czech Republic, Austria) and other hinterland destinations of Central Europe and Eastern Europe.