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3 clusters · 10 sources · 23 days · First seen · Last updated

Piraeus and Thessaloniki ports impacted by Middle East

Overview

Piraeus Container Terminal (PCT) previously reported a rise in annual revenues for 2025, reaching €317.9 million, despite a 5.95% decrease in container throughput. This growth was attributed to operational optimization and cost management amid geopolitical tensions impacting international supply chains.

However, recent data from the first half of 2026 indicates that geopolitical instability in the Middle East has significantly disrupted maritime trade routes, impacting both Piraeus and Thessaloniki. The Piraeus Port Authority (OLP) reported an 8.8% decline in total revenues for the first half of the year, falling to €111.9 million from €122.8 million.

The container sector experienced a sharp downturn, with revenues dropping by 30.5% (€9.9 million). At Pier I, managed directly by OLP, container volumes (TEUs) fell by 38.7% compared to the first half of 2025, while transshipment volumes dropped by 41.8%. OLP also noted a 10.2% decrease in cruise revenues and a 24.4% decline in net profits, which fell to €35.4 million. The organization stated that future growth is dependent on the “full restoration of traffic through the Suez Canal,” noting that ongoing investment projects have also temporarily limited storage capacity.

Entities

Suez Canal · Piraeus Port Authority · Port of Thessaloniki · COSCO SHIPPING Ports Limited · Chen Dong

Timeline

  1. [BUSINESS] 2 sources
    Piraeus and Thessaloniki ports impacted by Middle East crisis

    Middle East geopolitical instability has caused a decline in Greek port revenues, with Piraeus Port Authority reporting an 8.8% drop in H1 revenue and a 24.4% decrease in net profits.

  2. [BUSINESS] 6 sources
    Piraeus Container Terminal reports higher profits despite lower traffic

    Piraeus Container Terminal (PCT) reported a 12% revenue increase to €317.9 million in 2025, defying a 5.95% drop in container traffic caused by geopolitical maritime disruptions.

  3. [BUSINESS] 3 sources
    Thessaloniki Port Authority reports revenue growth in H1 2026

    Thessaloniki Port Authority reported an 8.9% revenue increase to €58 million and a 4.9% rise in EBITDA for the first half of 2026, driven largely by container terminal growth.

Sources

capital.gr · e-nautilia.gr · energygame.gr · energymag.gr · naftemporiki.gr · newmoney.gr · portnet.gr · powergame.gr · thetoc.gr · ypodomes.com

This summary has been updated 3 times: see revision history