Piraeus makes a profit

Turnover at the Greek port of Piraeus was up 32% in the first six months of 2009, resulting in a small net profit for the port authority.

Port Strategy: Greek port turns a small, but welcome profit

This compares with a loss of ¢4.3m ($6.3m) loss in the same period in 2008, when the port was hit by protest strikes over privatisation.

Container terminal concessionaire, Cosco Pacific, will assume terminal management duties as from October.