Piraeus Port Authority
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.
ATHEX: Stock index flirting with 800 pts again
Fresh hopes of a Brexit deal on Tuesday gave stocks across Europe a fresh push, with Greek stocks following suit to take the local market's benchmark back up to within striking distance of the 800-point level. Turnover has increased in the last few sessions, this being the last full trading week of the year.
- Read more about ATHEX: Stock index flirting with 800 pts again
- Log in to post comments
ATHEX: Index record not seen in over 23 years
The Greek stock market has not seen a streak of 14 northbound sessions in a row since 1997, or at least it hadn't until Wednesday, as news of the upcoming Covid-19 vaccine program - a light at the end of the tunnel for the economy too - sent shares higher again.
- Read more about ATHEX: Index record not seen in over 23 years
- Log in to post comments
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.
Liagos to be appointed Thessaloniki Port president
Athanasios Liagos, the port project manager at state privatization fund TAIPED is to be appointed executive president at Thessaloniki Port Authority (OLTH), Kathimerini understands.
He will also have to leave the board of Piraeus Port Authority (OLP).
- Read more about Liagos to be appointed Thessaloniki Port president
- Log in to post comments
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.
- Read more about Piraeus becomes Med’s top container-handling port
- Log in to post comments
ATHEX: Bourse index stays afloat another day
The Greek bourse saw another mixed session with limited action on Tuesday, as turnover showed some improvement and the benchmark stayed afloat without managing to get a firm grip on the 600-point level it had reached during the day.
- Read more about ATHEX: Bourse index stays afloat another day
- Log in to post comments
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.
- Read more about Cosco implements investments in Piraeus
- Log in to post comments
Piraeus Port not affected by virus measures yet
The measures Greece and other countries have taken to contain the spread of Covid-19 have not yet impacted trade in Piraeus, officials involved with business in Greece's main port told Xinhua.
- Read more about Piraeus Port not affected by virus measures yet
- Log in to post comments
ATHEX: Benchmark rises despite bank decline
Despite the pressure on banks at the Greek bourse on Tuesday that looked as though it might drag the benchmark lower still, most of the rest of the market posted healthy gains that saw the main index come off a four-year low, on improved turnover too.
- Read more about ATHEX: Benchmark rises despite bank decline
- Log in to post comments