Piraeus Port Authority (PPA)

Piraeus Port conducts emergency drill on spillage incidents response at Cruise Terminal

Piraeus Port Authority (PPA) conducted its annual emergency drill at the central facilities of the Greek port, specifically at the Cruise Terminal, simulating a marine and land spillage incident.

The primary objective of the drill was to update knowledge and skills on the appropriate specialized experience of both the competent personnel of PPA and the port users, for the effective activation and implementation of the Marine and Land Pollution Spillage Response Plan.

Additionally, the equipment...

https://container-news.com/piraeus-port-conducts-emergency-drill-on-spillage-incidents-response-at-cruise-terminal/

New cranes to enhance Greece’s Perama Ship Repair Zone in Piraeus

Two cutting-edge double level luffing jib shipbuilding cranes arrived at the Port of Piraeus in Greece on 5 April.

In the next few days, they will be unloaded and installed at positions 1 and 2 within the Perama Ship Repair Zone, according to the Piraeus Port Authority (PPA).

The cranes are equipped with a lifting capacity of 40 tons each and are expected to reshape service offerings within the ship repair zone. With the introduction of new cranes capable of handling vessels up to 55 meters in...

https://container-news.com/new-cranes-to-enhance-greeces-perama-ship-repair-zone-in-piraeus/

Piraeus Port achieves volume increase and financial growth

The three container terminals of the port of Piraeus in Greece continued their growth trajectory, achieving a 2% increase in total throughput reaching 5,100,920 TEUs.

“These results solidify the port of Piraeus in the fourth position, among Europe’s top ports,” said the Piraeus Port Authority (PPA).

Furthermore, PPA has unveiled its financial results for the fiscal year 2023 with total revenues increasing by 12.9% to US$237 million, pre-tax profits surging by 28.8% to US$104 million and post-tax...

https://container-news.com/piraeus-port-achieves-volume-increase-and-financial-growth/

Piraeus Port reports significant growth in half-year profits

Piraeus Port Authority (PPA) announced a continued robust growth in profits and income in the first half of 2023, establishing the new greatest performance in the company’s history.

More precisely, profits before taxes increased by 48.8%, totalling US$52 million, compared to US$35 million in the same period in 2022. In the same period, profits after taxes were US$41 million, up from US$27.4 million in the corresponding period of the previous year, representing a 49.6% growth.

PPA also increased...

https://container-news.com/piraeus-port-reports-significant-growth-in-half-year-profits/

Piraeus Port Authority reports record revenue and profits in 2022

Piraeus Port Authority (PPA) has achieved a consecutive year of growth with a turnover of approximately US$208 million compared to around US$165 million in 2021, while its profits before taxes amounted to approximately US$80 million compared to around US$52 million in the fiscal year 2021.

Additionally, PPA’s profits after taxes exceeded US$55 million, indicating an increase of 43.9% compared to 2021.

“The above results showcase the best-ever performance achieved by PPA in both revenue and...

https://container-news.com/piraeus-port-authority-reports-record-revenue-and-profits-in-2022/

Port of Piraeus hits profitability record in 2021

Piraeus Port Authority (PPA) has reported the highest level of profitability in its history during 2021, with profit after taxes surpassing US$40 million (€36.8 million), registering a significant increase of 39.4% compared to 2020.

During the same period, COSCO-owned Greek port’s profit before taxes also grew by 33.3% year-on-year to US$54.1 million (€49.2 million), while the annual turnover completed US$169.5 million (€154.2 million), recording a rise of 16% over the previous year.

“The...

https://container-news.com/port-of-piraeus-hits-profitability-record-in-2021/

COSCO raises its Piraeus stake to 67%

COSCO Shipping has increased its stake in the Piraeus Port Authority (PPA) by 16%, after an exchange event for the Letter of Closing II Arrangements was agreed on 25 October.

Earlier in October, the Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, completed the transfer through Athens Stock Exchange of the 16% stake of PPA S.A. to COSCO Shipping (Hong Kong) Co., Limited.

COSCO Shipping now owns a 67% stake in PPA. The Chinese company initially invested in Piraeus in...

https://container-news.com/cosco-raises-its-piraeus-stake-to-67/

Port of Piraeus receives new quay cranes

The Piraeus Port Authority has announced the arrival of the new Super Post Panamax Quay Crane capable of handling large mega-vessels with a capacity of 20,000TEU at the Port of Piraeus in Greece.

The crane will be installed at the Pier I of the COSCO-owned port.

The delivery of the new Quay Crane is part of PPA’s expansion and upgrade plan of the Port of Piraeus infrastructure, aiming at boosting productivity and enhancing service provisioning.

More specifically, through the specific investment a...

https://container-news.com/port-of-piraeus-receives-new-quay-cranes/