Bloomberg News

Piraeus Pier I Container Volume Rises 46%, Port Authority Says

May 11, 2012

Piraeus Port Authority SA (PPA), which operates Greece’s biggest port, said containers handled at Pier I in the first quarter rose 46 percent from a year earlier.

The pier handled 166,000 twenty-foot-equivalent units (TEUs), up from 113,990 in the first quarter of 2011, the authority said in a statement on its website late yesterday.

Container traffic was boosted by the MSC Eva, one of the world’s largest container ships with a carrying capacity of 14,000 TEUs. The vessel is owned by Switzerland-based Mediterranean Shipping Co., the world’s number two container line, according to the statement.

Greece plans to sell its 74.5 percent stake in PPA this year as part of a program to sell state assets and redevelop real estate to boost public revenue. The port’s Pier II is run by Piraeus Container Terminal SA, a unit of Cosco Pacific Ltd. (1199), which will build a Pier III.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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