Port of Piraeus PPA Weathers the Covid Storm Pretty Well

By | 2020 Newsletter week 40 | No Comments
  • -5.8% turnover EUR 66.5 million (70.6)
  • -4.7% profit before tax EUR 20.9 million (21.9)
  • -2.2% earning after taxes EUR 15.5 million (15.9)

This change is mainly due to the significant reduction of revenues from:

  • the cruise sector EUR 3.7 million,
  • the revenues of the Coastal Shipping sector by EUR 1.6 million
  • the revenues from the Car Terminal by EUR 2.2 million

The above decrease was mainly counterbalanced by an increase in revenues at the Container Terminal and revenues from the Ship Repair sector.

PPA Broke the 5 Million TEU Limit

By | 2019 Newsletter week 47 | No Comments

Piraeus Port Authority (PPA) S.A. officially announced that on November 18th, 2019 it handled the container with number CSUN7025891. It was unloaded from the COSCO Shipping vessel CAPRICORN, reaching the total throughput in the port of Piraeus at 5,000,000 TEU for this year. The fact that the five million limit is already broken in November, brings the Port of Piraeus closer to the first position in the Mediterranean and possibly among the top four ports in Europe.