© Nikolaos Diakidis (CC BY-SA 3.0 DE)

Nine months’ growth

Piraeus, traffic & profits booming

by Port News Editorial Staff

The Port of Piraeus closed the first nine months of the year with a 7.8% increase in container traffic. A total of 502,000 TEUs were handled, including 386,945 in transhipment.

Cruise traffic is also booming. Between January and September, 632,000 passengers transited along the port’s quays, three times as many as the previous year, while ship calls were up 88%.

Ferry traffic registered  a 30% increase  in passengers and 12.8% more vehicles. Car traffic,  on the other hand, was down  14.9% compared to the same period in 2021.

Overall, between January and September, the port saw revenues grow by 25.9%, to 52.7 million dollars. After-tax profits increased by 62%, to $47.1 million.

Piraeus, Greece’s largest port, has reported higher profits for the first nine months of 2022 due to increased container traffic and passenger calls.

Profit after tax increased by 62% to 47.1 million euros after revenue rose by 25.9% to 52.7 million dollars.

Translation by Giles Foster

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