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22 October 2019 The on-line newspaper devoted to the world of transports 21:21 GMT+2



September 27, 2019

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Original news
If to the Pireo the traffic of the container enlivened from the PCT is in strong increase, that managed from PPA in is decided decrease

In the first semester of the 2019 to the Pier total it has been of 196.669 teu (- 22.4%)

If in the first half of this year the traffic of the container enlivened in the port of the Pireo from the Piraeus Container Terminal (PCT), the society of the shipowning group Chinese COSCO Shipping that manages i Piers II and III of the Greek harbour port of call, has splashed on +23.8%, being piled to 2,57 million teu(on 15 July 2019), in the same period the containerized trade enlivened to the Pier of the Pireo, that it is managed by the Piraeus Port Authority (PPA), with single 196,669 teu enlivened is hasty of the -22,4% regarding the first semester of 2018.

If the Piraeus Port Authority, that it is controlled by the same group COSCO Shipping that stops 51% of the capital, evidences as from the status of third oceanic carrier of line of the COSCO Shipping Lines, branch of the Chinese group, the activity of the Greek port in the field of the container draws benefit, not equally happens - evidently - for the activity that the same PPA carries out in the same segment of business.

In the semiannual budget of the PPA the contraction of the traffic to the Pier is explained with the impact of the competition in this field of activity - without to specify if such competition is capacity also from the activity that the PCT carries out in the same port and the same field - and from the reduced ability to the container terminal to the Pier caused from the important the projects of restructure of infrastructures in precise action PPA instead that the decrease of the traffic to the Pier is ascribable entirely to the activity of transhipment of the container, that has recorded a bending of the -28,8%, while the import traffic and export has marked an increase of +5.6%, difference that seems to confirm the minor support of group COSCO to the activity on this dock.

The Piraeus Port Authority has closed the first semester of the 2019 with revenues pairs to 70,6 million euros, with an increase of +11.2% on the same period last year that it is generated mainly - has explained PPA - by the increment of returns (+18.6%) deriving from contracts of concession of i Piers II and III, but also of the increase of the revenues in the field of cruises (+14.6%) and in the field of naval repairs (+41.2%). The profit before taxes is piled to 21,9 million euros (+17%) and the profit after the taxes to 15,9 million euros (+20%).

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