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Piraeus and Thessaloniki ports impacted by Middle East

Updated 3 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-12 07:16 UTC → 2026-10-19 04:47 UTC · added removed

Piraeus Container Terminal financial performance and Thessaloniki ports impacted by Middle East

Piraeus Container Terminal (PCT) previously reported a rise in annual revenues for 2025, reaching €317.9 million, which represents an approximate 12% increase from 2024. This growth occurred despite a 5.95% decrease in container throughput. Financial indicators showed improvement, with EBITDA rising to €94.1 million and net results reaching €36.1 million, up from €26.6 million the previous year. The company This growth was attributed this performance to operational optimization, pricing conditions, optimization and cost management in the face of amid geopolitical tensions impacting international supply chains. Specifically, However, recent data from the decline in traffic was linked to shifts in international maritime routes, particularly first half of 2026 indicates that geopolitical instability in the Middle East. As a subsidiary of COSCO SHIPPING Ports Limited, PCT East has focused on digitalization significantly disrupted maritime trade routes, impacting both Piraeus and automation to reduce task completion times, noting a 2.77% reduction Thessaloniki. The Piraeus Port Authority (OLP) reported an 8.8% decline in average task completion. Additionally, the facility has expanded its total capacity from approximately 1.6 million TEU revenues for the first half of the year, falling to roughly 6.2 €111.9 million TEU. CEO Chen Dong emphasized 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 objective first half of strengthening Piraeus as a key international trade gateway 2025, while transshipment volumes dropped by combining economic 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 with functional efficiency. is dependent on the “full restoration of traffic through the Suez Canal,” noting that ongoing investment projects have also temporarily limited storage capacity.

Versions

  1. 2026-10-19 04:47 UTC Piraeus and Thessaloniki ports impacted by Middle East
  2. 2026-10-12 07:16 UTC Piraeus Container Terminal financial performance
  3. 2026-10-11 06:22 UTC Piraeus Container Terminal financial performance
  4. 2026-10-10 09:48 UTC Piraeus Container Terminal financial performance

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