Piraeus Port Authority

Slowly but surely, ship numbers and the volume of ship repair work in Greece are increasing, creating expectations that the country can once again become the ship repair hub of the Eastern Mediterranean.

The development of this activity by Piraeus Port Authority (OLP) as well as ONEX Neorion Shipyards (Syros), and at the Elefsis and Skaramangas shipyards, is evident.

Greece's major port authorities are steaming through the installation of power supply systems for the ships docked there.

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 Piraeus Port Authority (OLP) managers on Tuesday inaugurated the extension of its car terminal, by nearly 40,000 square meters to the north side of the port, increasing the port's capacity for car trade.

The new investment by Cosco's subsidiary totaled 20 million euros, adding space for another 5,100 cars. The project was part of OLP's obligations under the port concession.

A spokesperson for Belgian Interior Minister Annelies Verlinden has confirmed media reports that Piraeus, Greece's largest port, has been excluded from the European Ports Alliance due to significant ownership by the Chinese shipping group Cosco.

Piraeus has posted a new record in cruise passengers, according to last year's figures announced on Thursday, while another record is expected in 2024. 

The Suez Canal crisis has started to cause significant delays in the smooth supply of the Greek market with durable consumer goods imported from Asia, such as refrigerators, televisions, computers and cars.

The Chinese-made electric vehicles that arrive in containers in Piraeus via the car terminal for sale in Europe fully assembled were the main driver of Piraeus Port Authority (OLP) to unprecedented highs in January-September.

Piraeus Port Authority celebrated 20 years of listing on the Athens Stock Exchange on Tuesday.

The port authority's executive chairman, Yu Zenggang, rang the session's opening bell, noting that, also Tuesday, the company announced its highest ever dividend.

At a meeting with Greek Ambassador in Nicosia Ioannis Papameletiou on Wednesday, Cyprus' Deputy Minister for Shipping Maria Hadjimanolis announced that bookings for the Cyprus-Greece maritime connection have surpassed 10,000 since the line began operating.