PCT (Cosco) – 25% drop in container handling in December, in Piraeus

A significant drop was recorded in December in the handling of containers at the premises of Piraeus Container Terminals (PCT), a subsidiary of Cosco Shipping Ports in the port of Piraeus.

In particular, as announced by Cosco Shipping Ports, Teu traffic at the two piers of the port of Piraeus controlled by PCT decreased in December 2021 by 25.4% compared to December 2020 to 305.4 thousand Teu compared to 409, 4 thousand Teu and for the 12 months of 2021 the drop was 4.1% as in 2021 4,696.3 thousand Teu were traded compared to 4,896.9 thousand Teu a year earlier, in 2020.

It is worth noting that Cosco Shipping Ports improved the total handling of containers in the 37 ports-terminals it controls worldwide by 3.7%, reaching 105,576.4 thousand Teu in 2021 compared to 101,814.6 thousand Teu in 2020.

Also, in the port of Valencia, where the Chinese company is strengthening its presence, the terminals owned by Cosco, recorded an increase of 6.9% in the handling of “boxes” to 3,621.2 thousand Teu compared to 3,387.8 Teu in 2020. It is noted that the port of Valencia as a whole, moved again to fourth place in Europe, surpassing the PPA (in its entirety) which left it fifth

The drop in traffic is attributed to the general turmoil in the supply chain, the strikes in the port of Piraeus, the bans that were in force from time to time, while the people of Cosco in the port of Piraeus do not fail to show the drop in traffic as a result of non-construction of a fourth pier.