Port operating companies

Piraeus ranked 4th in 2023 – up from 5th in 2022 – among the top 15 container handling ports in Europe, from which a total of 72.5 million TEUs were handled, according to PortEconomics.eu.

It surpassed the port of Valencia, while the ports of Rotterdam, Antwerp, and Hamburg are in the top three.

Turkish ports handled 313.3 million tons of cargo in the first seven months of this year, up 2.7 percent from last year, and 7.9 million TEUs of containers, marking a 9.5 percent increase.

Thessaloniki Port Authority SA (ThPA) has announced performance growth based on the financial results for the fiscal year 2023.

Following the approval of the Annual Financial Report from the Board of Directors on Wednesday, it announced that consolidated revenue for 2023 was increased to 85.9 million euros, from €85.3 million for 2022.

Piraeus Port Authority (OLP) and Guangzhou port in China, signed on Saturday morning in Piraeus a memorandum of understanding meant to enhance their cooperation.

A spokesperson for Belgian Interior Minister Annelies Verlinden has confirmed media reports that Piraeus, Greece's largest port, has been excluded from the European Ports Alliance due to significant ownership by the Chinese shipping group Cosco.

One of the most important IKEA supply centers worldwide, that which will supply Eastern Mediterranean countries with the products of the Swedish giant, will start operating about a year from now, in Aspropyrgos, West Attica. 

The Suez Canal crisis has started to cause significant delays in the smooth supply of the Greek market with durable consumer goods imported from Asia, such as refrigerators, televisions, computers and cars.

Two of the world's largest shipping firms, Maersk and Hapag-Lloyd, said Friday they were suspending passage through a Red Sea strait vital for global commerce, after Yemeni rebel attacks in the area.

Danish shipping giant Maersk said on Nov. 3 that it would slash 3,500 jobs as net profit and revenue plunged in the third quarter due to a sharp fall in freight rates.

Maersk's net profit nosedived to $521 million between July and September against $8.9 billion a year earlier.

Growth in container traffic at the port of Piraeus has slowed down. The fast pace at which it expanded since Chinese state-owned Cosco Shipping leased two docks in 2009 - before eventually becoming the port's majority shareholder - appears to be a thing of the past.