Piraeus Port Full Year 2022 – A new historic record high in revenue and profitability

By | 2023 Newsletter week 12 | No Comments

PPA S.A. announced the Full Year 2022 financial results, the best ever performance achieved in both revenue and profitability.

+26.2% turnover €194.6 million

+51.7% profits before taxes €74.7 million

+43.9% profits after taxes €52.9 million

The coastal shipping business recorded an increase compared to the previous year. Total passenger traffic in 2022 showed a growth of 26% with 14,976,394 passengers compared to 11,896,187 in 2021.


By | 2021 Newsletter week 8 | No Comments

COSCO Urges For Further Investments In Piraeus Port

According to a recent report:

  • COSCO Shipping served in total 26.7 million TEU worldwide
  • Traffic increased by 1.8% compared to 2019
  • COSCO is concerned about the fact that ports that were far behind Piraeus still competing. A typical example is the port of Tangier, which served 5.7 million TEU, operating three piers. Investments are being made in order to increase capacity to 9 million TEU.
  • COSCO is concerned because the Greek Government does not approve the construction of Pier IV that will increase the port’s capacity to 10 million TEU.
  • If Pier IV is not built, then Piraeus Port will lose customers as well as its geostrategic footprint.

AINAFTIS’ Roro ARMENISTIS Made Her Debut At Piraeus Port

By | 2020 Newsletter week 26 | No Comments

On June 21, roro vessel ARMENISTIS (4.529gt/1972) of the Ainaftis Shipping Company (Kalimassias) arrived at Neos Molos (Drapetsona/Piraeus).

The former CTMA VOYAGEUR was at Avlis Shipyards (Chalkis) since March 12, in order to be repaired. On April 28, she was registered in Chios, while she is expected to be introduced in a North Aegean line. The small roro was built in Norway in 1972 as the ANDERIDA for Stena Line and purchased from Canadian CTMA in February 2020.