Thessaloniki Port Almost Doubles Dry Bulk Processing Capacity

Aug. 9 (Bloomberg) -- The port of Thessaloniki, Greece’s second-biggest, said it’s almost doubled its capacity to load and unload ships with dry bulk cargo, as part of an effort to boost dry freight traffic.

The port acquired three derrick loading machines, each with a capacity of more than five cubic meters (almost 177 cubic feet), at a cost of 722,400 euros ($891,500), bringing the total number of such machines to eight, Thessaloniki Port Authority SA said in an e-mailed statement today.

The port’s capacity to process dry bulk such as nickel has thus almost doubled, according to the statement.

The volume of dry bulk and general cargo passing through the port in the first half increased more than 43 percent to almost 2.6 million metric tons, boosted by so-called transit cargo arriving from, or destined for, Greece’s northern neighbors such as Bulgaria, the authority said Aug. 1.

The government may sell stakes in Thessaloniki Port and Piraeus Port as part of a program of state asset sales.

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