Piraeus Port Authority

ATHEX: Index cedes more than 1%

Just like in Tuesday's session, stocks started with gains at Athinon Avenue on Thursday but eventually had to settle for losses. Despite the positive start on Wall Street, the closing auctions at the same time in Athens took the main index lower, beyond -1%, on increased turnover.

Marginal decline in container handling at Piraeus last year

Container handling at Piraeus Port Authority recorded a marginal decline in 2020, significantly smaller than that recorded in Northern Europe or in the rest of the Mediterranean.

Sources say last year closed with a drop of just 3.75% in handling activity, which owner Cosco Shipping officials consider to be quite a feat given the recession in global trade due to the pandemic.

Top court annuls ministerial decision blocking OLP from building new shipyard

Greece's highest administrative court, the Council of State (CoE) opened the way for the Piraeus Port Authority (OLP) to build a shipyard in the shipbuilding and repair zone at Perama, west of Greece's main port, by annulling an earlier ministerial decision blocking it, it was announced on Wednesday.

Cosco implements investments in Piraeus

Cosco, the owner of Piraeus Port Authority (OLP), achieved a positive result in the volume of commercial activity at Greece's main port over the first quarter of the year despite the coronavirus pandemic. As the Chinese group has observed that container handling is the best activity for resisting the effects of the recession, it is accelerating its investments in Piraeus port.