Piraeus Port Container Traffic Increased 28% Last Year

Piraeus Port Authority SA (PPA), which operates Greece’s biggest port, said the number of containers handled at its Pier I facility increased almost 28 percent in 2012.

The pier handled 625,914 20-foot-equivalent units, up from 490,904 in 2011, while container storage space at the pier rose 12 percent, the authority said in a statement on its website.

Greece may sell a stake in Piraeus Port as part of a program of state asset sales. The harbor’s Pier II is run by Piraeus Container Terminal SA, a unit of Cosco Pacific Ltd. (1199), which will also build a third pier.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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