Piraeus Port loses box traffic

As a result, the 9.4% growth in turnover for the first three quarters of 2006 was reduced to one of just 2.9% for the final quarter of the year.

Additionally, the container terminal saw many shipping lines migrate to other regional hubs and this impact may well also continue into 2007, negatively affecting traffic. The Port Authority is also extremely worried by levels of productivity in the container terminal, which are reported to be 25% lower than those of competing facilities.