Tuesday, October 3, 2023
HomeHeadlinesPiraeus port goes green

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

Piraeus port goes green

The new era ushered in for the Port of Piraeus is being felt at the global level, chiefly due to the presence of the COSCO Shipping Group at the Greek port and the new Piraeus Port Authority (OLP SA) management.

In recent years, significant investment has been made, while other projects are on course for implementation, aiming at the upgrading and modernization of the country’s largest and busiest port.
In the framework of its strategy to upgrade the port, OLP SA has set a key priority to protect the environment and effectively manage the effect of climate change. As a result, the provision of improved services goes hand in hand with the port’s energy and environmental performance, in line with the highest global standards (i.e. ISO certification for all the port’s activities, etc.).

The Port of Piraeus has consistently achieved a high ranking among port operators globally in recent years. Speaking at the Delphi Economic Forum, Mr. Yu Zenggang, Executive Chairman of Piraeus Port Authority S.A, says: “The many distinctions and awards on environmental issues and sustainability as well as the company’s spectacular annual results are evidence of our proper strategic planning and successful implementation”.

The Organization holds ECO PORT status, certification provided by the leading European environmental network, having a proven track record in implementing a series of initiatives and actions to limit CO2 emissions via the use of alternative energy sources, while at the same time adopting effective waste management practices, reducing sound pollution and sustaining the ports’ water quality, among other things.

Mr. Yu Zenggang also pointed out at Delphi that the Port of Piraeus’s achievements carry a collective importance, through its great returns to the Greek economy, but most importantly to the people and the prosperity of the surrounding communities.

Mr. Nektarios Demenopoulos, Deputy Manager PR, IR & Company Announcements Dpt. at OLP SA, notes that the port of Piraeus “actively participates in promoting clean energy initiatives”, adding that it has also put together a dedicated energy management team, aiming at reducing emissions from the operation of the port, across about 5 million square meters and 43 kilometers of coastline.

Related Posts

Video

Finance & Economy
Shipping News
Ports

Scorpio Tankers takes options to buy back over 20 ships

In a relevant SEC filing, Scorpio Tankers announced extensive vessel repurchases via sale and leaseback arrangements, including for the 2016-built LR2 product tanker STI...

TOP Ships Announces Reverse Stock Split

TOP Ships announced that it has determined to effect a 1-for-12 reverse stock split of the Company’s issued common shares. The Company’s shareholders approved the...

Carnival Earnings Outlook Misses While Fuel Costs Near 15-Year High

Carnival Corp. posted a profit for the first time since 2020 but issued a fourth quarter earnings outlook that missed Wall Streets’ expectations as...

Sphinx Investment Corp Increases Stake in OceanPal

On September 28, 2023, an OceanPal SEC filing revealed that Sphinx Investment Corp. had raised its ownership in OceanPal, now holding a substantial stake...

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk announced that it entered into a Repurchase Agreement (with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands, pursuant...

MSC to buy 50% stake in Italian passenger rail group Italo

Shipping group MSC has entered into a binding agreement to acquire a 50% stake...

Higher capesize rates drive Baltic index higher

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index snaps 4-day winning streak as capesize rates slip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index scales 11-month peak on strong capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index scales over 9-month high on capesize surge

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Ukraine: 5 More Cargo Ships Head For Black Sea Ports – report

Five more ships are on their way to Ukrainian sea ports using a new corridor opened to resume predominantly agricultural exports, an alternative arrangement...

Piraeus Port reports strong H1 2023 results

The Piraeus Port Authority SA, which operates Greece’s biggest and busiest port, reported a 48.8-percent increase in pre-tax earnings for H1 2023 – 49.4...

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in the port of Volos,...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...