Piraeus Port Authority

Piraeus ranked 4th in 2023 – up from 5th in 2022 – among the top 15 container handling ports in Europe, from which a total of 72.5 million TEUs were handled, according to PortEconomics.eu.

It surpassed the port of Valencia, while the ports of Rotterdam, Antwerp, and Hamburg are in the top three.

Greek stocks ended the week with a mild decline, going against the trend, as European markets and then Wall Street responded to the chairman of the Federal Reserve's remarks that there will be an interest rate cut in September.

The general index closed at 1,432.60, a 0.24% drop. During the session, it reached a high of 1,441.39 (+0.37%) and a low of 1,432.26 (-0.27%).

Greek stocks returned to gains Wednesday after Tuesday's slight correction.

The Athens Stock Exchange general index closed at 1,432.53 points, up 0.49%, having risen as high as 1,434.58 (0.64%).

Turnover was €70.15 million, with 14,581,437 shares changing hands.

Blue chips gained 0.60% and mid-caps 0.16%.

The Athens Stock Exchange closed only marginally higher Monday on very low turnover. Nonetheless, it extended its winning run to six sessions, with a cumulative rise of 3.61%.

The general index closed at 1,432.28 points, a gain of 0.03%. Throughout the session, it moved within a narrow band of less than 10 points, from a low of 1,428.44 (-0.24%) to a high of 1,436.74 (+0.34%).

Promoting the sustainable development of the traditional port sector through innovative ideas and the harmonious coexistence of humans and nature via digital, smart, and green transformation is a significant future direction for green development.

The port of Piraeus is a leading player in coastal shipping this tourist season. On the occasion of the visit of the Minister of Shipping and Island Policy, Christos Stylianidis, to the 1st Port Department (Akti Tzelepi) of the Central Port Authority of Piraeus, statistics were given.

The shareholders of Piraeus Port Authority (OLP) approved by majority vote all items on the agenda, including the distribution of a dividend at 1.34 euros gross per share for fiscal year 2023, a 29% increase compared to 2022, OLP said in a statement on Thursday.

Piraeus Port Authority (OLP) this week announced key changes in its leadership structure following decisions made by its board of directors.

The OLP Board of Directors accepted the resignations of Executive Chairman Yu Zeng Gang and CEO Zhang Anming.

This decision marks the end of an era for the company, as it transitions to new leadership.

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.