Monday November 24, 2014 Search
Weather | Athens
14o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Piraeus port becomes Med’s third biggest in container traffic

By Ilias Bellos

Thanks to greater-than-expected annual growth, the port of Piraeus last year became the Mediterranean’s third largest in terms of container traffic.

Kathimerini understands that Piraeus Container Terminal (SEP), the local subsidiary of China’s Cosco, handled 2.52 million twenty-foot equivalent units (teu) at terminals II and III in Piraeus in 2013, against an estimate of 2.4 million teu. When that is added to the 644,000 containers handled at Terminal I, operated by Piraeus Port Authority (OLP), Greece’s biggest port handled a total of over 3.16 million containers last year.

SEP posted a 20 percent increase last year, on top of the massive 77 percent rise recorded in 2012, when it handled 2.1 million teu, and, along with the 626,000 containers handled at Terminal I, helped Piraeus become the fastest-growing port in the world. The dock operated by OLP only registered a 3 percent increase within the last year.

Once Cosco’s new investment at the western section of Terminal III is completed, the capacity of the whole of Piraeus port will grow from a current annual 4.2 million teu to 6.2 million teu, with experts forecasting that Piraeus could become the biggest commercial port in the Mediterranean by 2016. In 2012 Piraeus ranked fourth, with Valencia in first place, handling 4.46 million teu. Another Spanish port, Algeciras, was in second and Turkey’s Ambarli in third.

The proximity of Piraeus to Suez, which is the point of entry for Asian products to Europe, and its rail interconnection with the national and continental networks, saves some six days for products on their way to Central Europe, making it the gateway of choice for Asian trade. And bear in mind that this is taking place during a period when traffic at Northern Europe’s three biggest ports – Rotterdam, Hamburg and Antwerp – is on the wane.

A second comparative advantage for Piraeus is its car terminal, which is already showing major growth. The Mediterranean is a key European entry point for vehicles from Japan, South Korea and India, so Piraeus is a top-choice transit center for cars, too, while European Union car imports from Japan through the Eastern Mediterranean and the Black Sea are on the rise.

In the years after 2010 Piraeus has managed to record positive growth rates in car handling despite the raging financial crisis, during a period when rival terminals in Italy have either ceased operating (Gioia Tauro) or are recording a declining course (Livorno). In 2012 the Car Terminal of Piraeus Port Authority posted an increase of 9.8 percent in traffic from 2011, and a rise of 66 percent from 2009.

ekathimerini.com , Wednesday Jan 29, 2014 (23:02)  
ILO calls for urgent action in Greece to create jobs, tackle social problems
Draghi urgency for ECB action gets final reality check
Greece to scrap need for permits in some 900 professions
Lack of EU funding puts future of Panepistimiou, Faliro revamp projects in doubt
Greek air traffic controllers say they will join Thursday´s general strike
Greek air traffic controllers said on Monday that they will take part in Thursday’s general strike, which is likely to lead to disruption at the country’s airports. The strike has been calle...
Livestock breeders to protest in central Athens on Tuesday
Greek livestock breeders are due to protest in central Athens on Tuesday in the hope they will be able to secure a meeting with officials from the Agriculture Ministry. The farmers are due t...
Inside News
BASKETBALL
Olympiakos ends PAOK´s unbeaten run in Basket League
Olympiakos put an end to PAOK’s unbeaten run in the Basket League with an emphatic win at the Peace and Friendship Stadium, leaving Panathinaikos as the only team with a perfect record so fa...
INTERVIEW
Tokyo hopes to change the world
The 2020 Summer Olympic and Paralympic Games in Tokyo will serve as a springboard for the rebuilding of Japan’s image and economy following the triple blow of the earthquake, tsunami and nuc...
Inside Sports
COMMENTARY
Extremism from a bygone era
There are times when we seem to be overcome by self-destructive madness. I hear various commentators and politicians speaking in extreme terms of a junta, of defections, gallows, collaborato...
EDITORIAL
No call for more games
Psychological warfare has been a part of the negotiations between the troika and Athens from the very start of the crisis. But the situation is much different now and troika decision-makers ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek air traffic controllers say they will join Thursday´s general strike
2. ILO calls for urgent action in Greece to create jobs, tackle social problems
3. Livestock breeders to protest in central Athens on Tuesday
4. Draghi urgency for ECB action gets final reality check
5. Greece to scrap need for permits in some 900 professions
6. Greek government sees Paris meeting as ´last phase´ in troika talks
more news
Today
This Week
1. Scientists expand excavation of ancient Amphipolis
2. Greek officials to meek troika chiefs in Paris to break review stalemate
3. EU said to plan 21 billion-euro risk-sharing fund for investment
4. Biden informs Anastasiades about content of talks with Erdogan
5. Countdown to missed opportunity for EU economy
6. Police seek to name man who opened fire with AK47 at Piraeus bar
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Anti-junta uprising anniversary to be marked amid tight security
4. Every age has its collaborators
5. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
6. Give Greece a chance
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.