Piraeus Port Authority S.A. (PPA) is strengthening its role as a logistics and passenger hub in the Mediterranean, driven by investments, international connectivity, and a commitment to sustainability.
Deputy CEO Angelos Karakostas, speaking at the 10th Delphi Economic Forum, emphasized the port’s goal to be globally competitive and socially responsible, highlighting recent measures like a 50% reduction in port fees as part of its public-focused mission.
In 2024, PPA achieved record financial results, with net profits rising to €87.4 million — a 30.8% increase from the previous year. Karakostas credited this to a focused strategy on service diversification and a user-centric operational model.
As informed, the port’s strategic alliance with COSCO SHIPPING, its majority shareholder, has been vital in boosting global connectivity, bringing capital, expertise, and technological innovation to the port.
Ranked 7th in the Xinhua-Baltic Index, Piraeus remains the busiest cargo port in the Mediterranean and Europe’s top passenger port, with cruise activity playing a growing role in Greece’s tourism sector.
Current development projects include expanding the cruise terminal, upgrading the car terminal, modernizing the ship repair zone, and eco-conscious dredging efforts, all aligned with PPA’s environmental and circular economy commitments.
As the first EcoPort-certified facility in the Mediterranean, Piraeus is engaged in several EU-backed sustainability initiatives focused on environmental and energy performance. “Through innovation and long-term responsibility, we are shaping a resilient port for future generations,” Karakostas concluded.
To remind, recently, the Piraeus Port Authority announced the adjustment of fees and tariffs for the provision of ship generated liquid waste management services.
