Piraeus Port Authority (PPA) launched its financial results for 2019 marking the port’s most successful year in terms of profitability. The Port which is owned by COSCO Shipping handled 5.65 million TEU across the three piers of the container terminal, achieving a new record.
Port of Piraeus
In light of the COVID-19 pandemic and the travel bans that has brought, Greece informed that the shipping trade at the Port of Piraeus is still not impacted, as it remains operational. According to Xinhua, Greek port authorities haven’t put any restrictions to the import or export of cargo at the moment.
The Piraeus Port Authority announced that November 18 2019 marks the day that the port reached the 5 million TEUs for this year, with the last handled container being unloaded from the COSCO Shipping Capricorn vessel. Overall, the port of Piraeus is developing with the aim of becoming one of the most major ports in the Mediterranean.
The European Investment Bank (EIB) agreed to provide the Port of Piraeus with 140 million euros to boost the port’s plans on expansion and upgrade, the largest loan that the country has been ever provided, that will support the implementation of part of investments at the Port of Piraeus in a total investment plan of more than 600 million euros.
The Piraeus Port Authority (PPA) announced that the Greek Committee of Planning and Development of Ports (ESAL) approved investments of € 611.8 million, covering all the business units of the company. This investment paves the way for waterfront improvements at Greece’s main seaport.
Reuters reports that Piraeus Port Authority boost its investment plans to lure more businesses. The majority of the port is owned by China’s COSCO shipping, who hopes to make Piraeus port into its gateway to Europe.
Port of Piraeus, Greece’s major port is taking measures to tackle ship pollution from vessels and activities in the area, the Piraeus Port Authority informed Xinhua. The environmental measures focus on efficiently managing waste, monitoring the noise, water and air quality, energy efficiency and energy savings through technological advances.
Cosco’s investment plan for the port of Piraeus may become history under archaeological threats. After a meeting that was conducted on April 2, Greece’s powerful Central Archaeological Council (KAS) struck a major blow to the Cosco-owned Piraeus Port Authority’s (PPA) $675m master plan by characterising a large part of Piraeus as an area of archaeological interest that must be protected.
One of the world’s largest container vessels, ‘COSCO shipping Pisces’, that has a capacity of 20.000 TEU, was docked at Piraeus port on February 15, after voyaging for one month from China. This is the vessel’s first voyage, after its delivery on January 15.
The CEO of the Port Authority of Piraeus, Captain Fu Chengqiu and the President of the North Adriatic Sea Port Authority, Pino Musolino, signed a Memorandum of Understanding (MoU) on February 11, to enhance relations and cargo flows between the two ports. The memorandum also aims to improve the exchange of best practices and know-how in port management.
Port of Busan, Hyundai to cut emissions via green equipment03/07/2020
USCG: Advance Notice of Arrival requirements for commercial and recreational vessels03/07/2020
- Maritime Health
SeaSense - Expert Thinking on COVID-19 impact on seafarers03/07/2020
RMI: Security guidance for ships in Libya03/07/2020
- Maritime Health
Self-quarantine important for crew change in Singapore03/07/2020
300 crew of cruise ship disembark after extended quarantine03/07/2020
RMI: Key similarities of enclosed space entry incidents03/07/2020
Yang Ming meets IMO GHG targets 11 years ahead of schedule03/07/2020
Reaching climate goals requires major clean energy innovation, IEA report says03/07/2020
Philippines opens "Green Lane" to facilitate crew change03/07/2020