Significant delays at ports worldwide, along with reduced routes and instances of disruption in the global supply chain last month negatively affected container traffic at all European terminals operated by Cosco Shipping Ports, which at the port of Piraeus manages two piers under its wholly owned subsidiary, Piraeus Container Terminal (PCT) S.A.
In terms of September 2021, PCT reported the handling of 419,800 Teu, compared to 438,200 during the corresponding month of 2020, a reduction of 4.2 percent.
In terms of the first nine-month period of the year, the drop was less pronounced (-1 percent), or, in absolute terms, 3.660 million Teu, compared to 3.696 million Teu compared to the Jan-Sep 2020 period.
Nevertheless, PCT executives forecast that the current year will hover at 2020’s levels.
In calculating the figures from all 36 port terminals managed by Cosco Shipping Ports in China and overseas, total Teu handled in September 2021 reached 9.338 million, compared to 9.235 million 2020, an increase of 1.1 percent; up by 4.8 percent in the Jan-Sep period.
Latest News
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
Greece Plans to Link Golden Visa to Startup Investments
The Greek government wants to decouple the Golden Visa Program from Real Estate investments
Greece Honored Country at World Travel Market (WTM) 2024
Greece held a prominent position within the exhibition space, with its main entrance adorned digitally in Greek colors.
Inflation in Greece Down to 2.4% in October, ELSTAT says
On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year
First-Ever Pop-Up American Space at a Sports Venue Opens at Georgios Karaiskakis Stadium
The new Pop-Up American Space was inaugurated at the Georgios Karaiskakis Stadium by US Amb. George J. Tsunis, Olympiacos FC President Evangelos Marinakis and the Mayor of Piraeus, Yannis Moralis