Piraeus becomes Med’s top container-handling port

Piraeus port handled a total of 5.65 million 20-foot equivalent units (TEUs) in 2019, becoming the top port in the Mediterranean, Piraeus Port Authority (OLP) has announced.
OLP presented its financial figures for last year to the Hellenic Fund and Asset Management Association on Tuesday in a teleconference with the participation of the authority's chief executive officer Captain Fu Chengqiu.
The company, which is majority-owned by China's Cosco Shipping, said its turnover rose 12.3 percent year-on-year to 149.2 million euros in 2019, while operating profits before tax grew 12.5 percent to €47.6 million and net earnings increased 27 percent to €35.4 million.
"2019 was the most successful year in terms of profitability. The successful financial management also brings additional revenue to the Greek state due to increased concession fees, dividends, insurance...

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