Tag: Port of Piraeus

The turnover of Piraeus Port Authority S.A (PPA S.A.) in 2018 amounted to 132.9 million euros (149 million U.S. dollars) compared to 111.5 million euros in 2017, an increase of 19.2%.

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.

The passenger ferry "Eleftherios Venizelos" has been at the centre of attention after 119 outbreaks of COVID-19 had been reported onboard the vessel amongst its 380 passengers. The crew members who were negative for the COVID-19 test will be repatriated after being gradually transferred to hotels in Athens for the next 36 hours. However, passengers who are positive for COVID - 19 will remain in isolation on board for 14 days.

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.

As the 2020 sulphur cap entered into force, the shipping industry saw the introduction of Very Low Sulphur Fuel Oils (VLSFOs), which has been increasing since October 2019. However, VPS notes that a rise has been observed in fuel instability leading to sediment formation from these fuels. 

Port of Piraeus, Greece will be from now on ferry connected to Limassol, Cyprus. According to the Shipping Deputy Minister of Cyprus, Natasa Pilides, efforts are underway in order the ferry trip to be launched and available by this summer. For the records, the return ferry ticket is estimated to cost around €130 per person, including the port fees.

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.

ONE company announced that the cargo vessel ONE Blue Jay departed the Port of Perama on September 27 and is now deployed in MD2 service, following the vessels collision with the tanker Gunece off the Port of Piraeus.