Port of Piraeus

Piraeus Port Authority SA (OLP) registered a rise in revenues and profits in the first half of 2024, once more achieving the best returns historically for the specific time period.

Total revenues for the first half of the year came to 107.1 million euros compared to €102.4 million in the same period in 2023, an increase of €4.7 million, or 4.6%.

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.

A quantity of cocaine whose value reportedly exceeds 1 million euros was confiscated on Monday morning by authorities at the port of Piraeus.

The shareholders of Piraeus Port Authority (OLP) approved by majority vote all items on the agenda, including the distribution of a dividend at 1.34 euros gross per share for fiscal year 2023, a 29% increase compared to 2022, OLP said in a statement on Thursday.

Greece is among the top three tourism destinations cruise in the Mediterranean, according to the Cruise Lines International Association (CLIA), while last year Greek ports welcomed 7 million passengers and 5,230 cruise ship calls.

Greek authorities are scrutinizing a container of chemical substances discovered at the Attica port of Piraeus.

Customs officials have detained the cargo for ten days, Kathimerini understands. The substances could be used for military purposes, with intelligence from foreign security services prompting the seizure. 

Cosco-owned Piraeus Port Authority SA (OLP) posted record-high turnover and profits in 2023, the company running Greece's biggest port said. 

Total revenues reached 219.8 million euros, up 12.9% from 2022, according to a press statement released on Friday. 

Cosco-owned Piraeus Port Authority SA (OLP) posted record-high turnover and profits in 2023, the company running Greece's biggest port said.

Total revenues reached 219.8 million euros, up 12.9% from 2022, according to a press statement released on Friday.

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

The port of Piraeus has so far weathered the impact of the Red Sea attacks, but will not be able to do so for much longer, ratings agency DBRS Morningstar warns, as it is expected to take a significant blow with a reduction of 30% or more in cargoes over the next period, due to container shipping giants stopping or changing their routes.