Tag: Port of Piraeus

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.

An ultra large container vessel (ULCV) collided with a small chemical tanker off the Port of Piraeus, Greece on September 26. According to initial information, two of the 13 crew of the tanker sustained injuries, while no injuries were reported on the container ship.

Greek law enforcement authorities have seized more than 100 banana containers at the Port of Piraeus, after locating more than 120 kg of pure cocaine on a ship arriving from Ecuador. This is part of an investigation initiated in early August by Greek authorities.

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. 

China had a tremendous development in every field in the past decades and has done a wonderful job with the port of Piraues, said recently Andreas Potamianos, president of the Greece-China Association. Potamianos, aged 86, has been at the helm of the Greece-China Association since 1987.