This is a research published on an annual basis and which I have been following over the last three years. Year after year, analysts are surprised with the strong performance of Piraeus, Greece’s largest port and yet there are no signs of its expansion slowing down.
Just last week, COSCO (the new management ever since the port’s privatisation – a prerequisite of Greece’s bailout program) inaugurated Piraeus’s pier 3 extension works, by welcoming giga-container ship “Cosco Shipping Taurus.”
Piraeus now sits at #7, having registered a 200% growth over the last 10 years and 10% ever since its privatisation last year. 10 years ago, Piraeus wasn’t even on the list. The only other newcomer (Sines) hasn’t been able to climb higher than last place.
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