Breaking News

Tweet TWEET

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.