Yu Zeng Gang

Changes on the OLP Board of Directors

Published by Kathimerini on Thu, 05/02/2024 - 05:36

Piraeus Port Authority (OLP) this week announced key changes in its leadership structure following decisions made by its board of directors.

The OLP Board of Directors accepted the resignations of Executive Chairman Yu Zeng Gang and CEO Zhang Anming.

This decision marks the end of an era for the company, as it transitions to new leadership.

Piraeus Port inaugurates its extended car terminal

Published by Kathimerini on Wed, 02/07/2024 - 14:54

The Piraeus Port Authority (OLP) managers on Tuesday inaugurated the extension of its car terminal, by nearly 40,000 square meters to the north side of the port, increasing the port's capacity for car trade.

The new investment by Cosco's subsidiary totaled 20 million euros, adding space for another 5,100 cars. The project was part of OLP's obligations under the port concession.

OLP profits raise state revenues

Published by Kathimerini on Fri, 02/21/2020 - 20:54

Piraeus Port Authority (OLP) achieved an increase in both its turnover, by 12.3 percent, and net profits, by 27 percent, on a yearly basis in 2019, mainly thanks to growth in container handling at the second and third container terminals operated by Cosco subsidiary PCT. There was also a notable improvement in revenues from ship-repairs and cruise tourism.