The modernization and upgrade of the Piraeus Port Authority (OLP) passenger terminal is expected to be discussed in the coming days at a broad meeting at the Shipping Ministry with the first phase of the projects to begin before the summer season Shipowners have submitted their proposals that include interventions both in the broader operation and flow of vehicles and passengers and in the upgrade of the mooring and the embarkation infrastructure OLP has already started some work and launched additional interventions so as to complete the first phase by the June 15 deadline Minister Vassilis Kikilias has set Enter your information below to receive our weekly newsletters with the latest insights opinion pieces and current events straight to your inbox Panathinaikos scored its first road win in 2025 as it downed AEK to clinch Greece’s second Champions League ticket just as champion Olympiakos was celebrating its title The Greens came from behind to beat AEK 2-1 at the OPAP Arena on Sunday AEK led by half-time through Erik Lamela’s goal but an Azzedine Ounahi superstrike and a Karol Swiderski penalty kick turned things around and forced AEK’s fifth loss in as many playoff games Olympiakos partied through the night in Piraeus for the Super League trophy delivered to its players in a loud title fiesta at the Georgios Karaiskakis Stadium Chiquinho and Gelson Martins to thank for their goals while PAOK had Andrija Zivkovic score a brace Therefore the only place still at stake is the third one to be determined next Sunday when PAOK hosts AEK On Saturday Aris clinched the fifth spot that leads to Europe under certain circumstances while Asteras lost 4-1 at home to Atromitos Aris will play in the Conference League qualifiers this summer unless OFI beats Olympiakos in the Cup final on May 17 when Levadiakos finished goalless with Lamia Lamia has got mathematically relegated and Athens Kallithea is still five points from safety trying to catch one of Volos and Panserraikos Athens Kallithea hosts Panetolikos and Panserraikos entertains Volos in a genuine six-pointer Bruno Onyeamachi and teammates in celebration mood [Credit Olympiacos FC X Page] It was a weekend of silverware and celebration for Nigeria’s Super Eagles as midfield maestro Raphael Onyedika clinched the Belgian Cup (Croky Cup) with Club Brugge while defender Bruno Onyemaechi sealed the Greek Super League title with Olympiacos The two Nigerian stars played pivotal roles in their respective clubs’ triumphant campaigns further underlining their rising profiles in European football Raphael Onyedika added a major trophy to his résumé after helping Club Brugge secure a 2-1 win over rivals Anderlecht in a fiercely contested Belgian Cup final at the King Baudouin Stadium in Brussels The 24-year-old midfielder started the match and was a key figure in the heart of Brugge’s midfield dictating the tempo and playing a crucial role in the build-up to both goals His precise passing and energy helped set the tone early as Brugge dominated possession and looked the sharper of the two sides The breakthrough came just before halftime when Hugo Siquet delivered a driven cross from the right which was tapped in at the far post by Romeo Vermant he doubled the lead with another composed finish this time from a delivery by Christos Tzolis researched reporting relies on the support of readers like you Help us maintain free and accessible news for all with a small donation Every contribution guarantees that we can keep delivering important stories —no paywalls Anderlecht brought on veteran Jan Vertonghen to stabilise their backline and mounted a late push eventually pulling one back in stoppage time through substitute Luis Vázquez Onyedika was substituted in the 74th minute for Hugo Vetlesen departing to a rousing ovation from the Brugge faithful His performance was widely lauded as one of his best of the season and it capped off a memorable night for both him and his club who lifted the Croky Cup for the 12th time in history and the first time since 2015 fellow Super Eagle Bruno Onyemaechi played a significant role as Olympiacos FC celebrated their 48th Greek Super League title with a final-day win over PAOK at the Georgios Karaiskakis Stadium Though Olympiacos had already clinched the title ahead of the Championship Round fixture the match served as a crowning moment for the Piraeus giants and their Nigerian defender who arrived from Portuguese side Boavista in January 2025 has quickly endeared himself to the Olympiacos faithful with his consistent displays and work rate at left-back helping to neutralise threats down his flank before being substituted after 63 minutes for Francisco Ortega Onyemaechi’s quick adaptation to Greek football and contribution to the club’s defensive solidity have been pivotal in Olympiacos’ success this season READ ALSO: U-20 AFCON: Flying Eagles face must-win clash against Kenya after stalemate with Morocco The dual-title triumphs by Onyedika and Onyemaechi not only mark personal milestones for the two Super Eagles but also shine a spotlight on the increasing influence of Nigerian players across Europe’s top leagues With both players in fine form and brimming with confidence Nigeria’s national team setup will be buoyed ahead of upcoming international fixtures and tournament qualifiers carried by two champions who delivered when it mattered most Support PREMIUM TIMES' journalism of integrity and credibility we firmly believe in the importance of high-quality journalism Recognizing that not everyone can afford costly news subscriptions we are dedicated to delivering meticulously researched fact-checked news that remains freely accessible to all Whether you turn to Premium Times for daily updates in-depth investigations into pressing national issues It’s essential to acknowledge that news production incurs expenses and we take pride in never placing our stories behind a prohibitive paywall Would you consider supporting us with a modest contribution on a monthly basis to help maintain our commitment to free TEXT AD: Call Willie - +2348098788999 All content is Copyrighted © 2025 The Premium Times, Nigeria Please enter your username or email address to reset your password All content is Copyrighted © 2025 The Premium Times, Nigeria Kazakhstan and Greece Strengthen Cooperation in the Port and Logistics Sectors, DKnews.kz reports A meeting between the Ambassador of Kazakhstan to Greece and the Deputy Mayor of Piraeus for Foreign Affairs took place at the city hall of the port city of Piraeus The talks focused on further developing Kazakh-Greek cooperation in the transport-and-logistics sector and on strengthening inter-municipal ties between the cities of Aktau and Piraeus The interlocutors underlined the strategic importance of the ports of Aktau and Piraeus as key logistics hubs on the Caspian Sea – Mediterranean corridor They noted that the presence of advanced port infrastructure offers wide prospects for cooperation including the exchange of expertise in port management and the development of logistics routes a Memorandum of Cooperation between the cities of Aktau and Piraeus that would create an institutional framework for expanding the partnership The meeting also addressed upcoming contacts between the two countries’ ministries of transport and business communities aimed at building long-term interaction in logistics and international trade Special attention was paid to cultural exchanges and cooperation in the tourism sector Ambassador Sultangozhin confirmed Kazakhstan’s readiness to facilitate joint cultural events within the municipality of Piraeus with Kazakh participation Deputy Mayor Zarakeli expressed the city authorities’ interest in implementing programmes intended to promote the cultural and historical heritage of both countries The parties noted that the development of humanitarian and business ties creates a solid foundation for deepening economic cooperation and inter-regional partnership they reaffirmed their commitment to regular dialogue at various levels and expressed confidence that the agreements reached would open up new horizons for cooperation between Kazakhstan and Greece DKNews International News Agency is registered with the Ministry of Culture and Information of the Republic of Kazakhstan Olympiacos reclaimed the Greek Super League title in style with a commanding 4-2 victory over PAOK in the penultimate round of the Stoiximan Super League play-offs The win at the “Georgios Karaiskakis” Stadium capped off a dominant home campaign for the Piraeus giants who remained unbeaten at home throughout the season and completed a clean sweep over their main rivals—AEK Despite conceding within the opening minute after a costly error allowed Andrija Živković to score for PAOK Olympiacos responded with composure and attacking flair A well-worked move in the 14th minute saw Gelson Martins assist El Kaabi who teed up Velde to hammer in the equaliser The hosts took control of the match by the 30th minute with a powerful header from El Kaabi off a pinpoint Santiago Hezze cross giving them the lead remained in the fight and levelled the match once more before halftime through Živković who completed his brace following a dazzling solo run and assist from Konstantelias But Olympiacos proved too strong in the second half Chiquinho restored the lead in the 80th minute after Martins sliced through the defence a swift counterattack saw Yaremchuk set up Martins for a sharp finish sealing the 4-2 triumph and sparking celebrations across Karaiskakis as the 48th title returned to Piraeus after a three-year absence Panathinaikos locked in second place with a gritty 2-1 away win over AEK at the “Agia Sophia” Stadium Erik Lamela gave the hosts the lead just before halftime converting a low cross from Aboubakary Koita The “Trifylli” responded with authority in the second half equalising through a stunning long-range effort from Moroccan midfielder Azzedine Ounahi in the 51st minute striker Karol Swiderski slotted home a penalty that would prove decisive With Panathinaikos now mathematically secure in second and guaranteed a place in the UEFA Champions League qualifiers the final round against Olympiacos on May 11 is reduced to a symbolic clash between the eternal enemies of Greek football Aris secured fifth place despite being held to a 1-1 draw away to OFI The Cretans struck early through Vasilios Lampropoulos but Aris salvaged a point with a late equaliser from Dario Spikic in the 89th minute Their position was guaranteed after Asteras Tripolis fell to a heavy 4-1 home defeat against Atromitos who blitzed the first half with goals from Makana Baku A solitary second-half goal from Tasos Chatzigiovanis did little to change the outcome their European fate could hinge on the Greek Cup Final they could snatch the final European ticket Tuesday’s upcoming fixtures—Kallithea vs Panetolikos and Lamia vs Levadiakos—will help determine the final standings in what has been a tightly contested battle for survival Olympiacos played its final home match of the season hosting PAOK for MD5 round of the Stoiximan Super League Playoffs thus maintaining their unbeaten record at their home ground PAOK took the lead just 44 seconds in through Zivković but Olympiacos turned the game around with goals from Velde and El Kaabi in 14’ and 30’ The visitors equalized in 32’ again through Zivković but Chiquinho made it 3–2 in the 81st minute OLYMPIACOS (Jose Luis Mendilibar): Anagnostopoulos His usage is reduced but his importance is obvious Kostas Papanikolaou is in the autumn of his career but he still hungers to bring Olympiacos one more Euroleague title Emmet Ryan on how leadership can come outside the spotlight Who is the most important player for Olympiacos It’s one of those questions that seems like it has an easy answer which says a lot on an utterly loaded team The Reds certainly wouldn’t be rated as highly this season without him Yet it takes more than a star to make a team come together can sway a locker room and influence how the different pieces come together on the floor That is what Kostas Papanikolaou is bringing to a side that is seeking to end its long wait for a fourth Euroleague title This is the wild thing about Kostas Papanikolaou He had secured the everlasting love and respect of fans in Piraeus before he turned 22 Papanikolaou’s surge was the push Olympiacos needed to get over the line and win the Euroleague title in Istanbul What followed was that odd season with FC Barcelona reaching the Euroleague Final Four and lifting the ACB title It was just weird seeing him in a Barcelona jersey This was however the beginning of a much needed walkabout for the young man from Trikala how can you miss someone if they never go away The stint in the NBA that followed was brief but the challenges he faced there aided Papanikolaou’s maturation mentally Since returning to Olympiacos after three full seasons away he has been on a decade long quest to give back to the club he loves The Kostas Papanikolaou that returned to Piraeus wasn’t quite the same as the one that had left He still had all the tools in his game plus plenty of energy timing his emotional displays for when they would make the most impact this was an Olympiacos side that still had Vassilis Spanoulis as its clear leader and Giorgios Printezis as the frontcourt leader Papanikolaou didn’t step on the toes of the Euroleague legends offering a more rounded presence to the core of the Reds This mindset was also reflected in his displays for the national team With a Greece side that was criticised throughout the group phase of EuroBasket 2017 they recovered and progressed to the quarter finals It was his words after the game [https://youtu.be/sIcy1bKbSho?si=9hUw78YwnJHyq7h2] where he sounded like a man who had been doing this for 15 years that stood out to me he knew how to channel what they were saying to his benefit The Olympiacos of the past three seasons has been the best version of the side since that 2013 season Considering the Reds had two Euroleague championship game appearances in 2015 and 2017 before this run has evolved and he’s found a way to make it work and points per game in Euroleague are at their lowest since the 2010/11 season Yet his assist numbers are above his career averages while his steals remain in line with that Kostas Papanikolaou is leading with a lot less of the ball an utterly loaded Olympiacos roster what really matters Whatever is required to win is what he delivers and expects every man around him to do so as well BallinEurope has a book, a real life actual book called I Like it Loud, and you can buy it on Amazon now. It’s here as a book and here in Kindle form There have been no hints of Kostas Papanikolaou retiring at the end of this season but there’s something more obvious here He’s playing a style of basketball that means he won’t even have to consider it The focus of his energy and play is enabling him to extend his usefulness at the highest level they can safely assume at least one more season from him He might even consider another once his current contract ends next summer the chances of lifting the big one that one more time are getting fewer in number he brings the link from London 2013 to the side chasing the Euroleague title today The young man that secured his legacy more than a decade ago is now seeking to write the perfect final chapter One more crown to cap a career that will be remembered for decades once more he wants to prove that Olympiacos rule basketball on this continent and website in this browser for the next time I comment Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" Notice: It seems you have Javascript disabled in your Browser please copy this code and paste it along with your comment: 5fa79374ba7337b9d1c9a16157bc180e Email: emmetryan@gmail.com Download NowPIRAEUS (Greece) - France, Greece, Switzerland and Türkiye will tip off their FIBA Women's EuroBasket 2025 campaigns in Piraeus, Greece. The iconic Peace and Friendship Stadium will stage Group A games on June 18, 19, and 21 before hosting the Final Phase. Which two teams will advance and qualify for the Quarter-Finals? France are chasing a staggering 9th consecutive podium finish They are packed with major stars like Marine Johannes Gabby Williams and Iliana Rupert and never lost a qualifying game Greece - This year's co-hosts had never reached the tournament until 2001 but have since qualified for 11 of 13 editions Will they show their teeth and make a splash at home led by Mariella Fasoula Switzerland - Their last appearance came back in 1956 which means that they will step out at the event for the first time 69 years They have a real rising star in Lin Schwarz who has has made people sit up and take notice Türkiye - Featuring at an impressive 11th consecutive edition they were one of four unbeaten teams in the Qualifiers while Sevgi Uzun and Elif Bayram are in great form France Greece Switzerland Türkiye ShareFIBA Women's EuroBasket 2025 Lloyd's List is part of Maritime Intelligence This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s For high-quality copies or electronic reprints for distribution to colleagues or customers please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430 Cosco-controlled Greek port eyes further strengthening of role in automotive trades COSCO Shipping Car Carriers, the Chinese shipping giant’s fast-growing vehicle transport arm, has inaugurated a new service to Piraeus that is seen as bolstering the Greek port’s credentials as a regional hub COSCO Shengshi (IMO: 9454711) that has an overall capacity of 5,276 vehicles disembarked 199 Geely cars and 17 electric buses at the Piraeus car terminal The Greek hub has been added to Cosco’s 30-day transit from China to Mediterranean ports but is expected to increase frequency to a bi-weekly service within this year The operator has a number of pure vehicle carrier newbuildings on order to support its growth Recently, Cosco signed an agreement with Greece-based car carrier owner and operator Neptune Lines to manage finished vehicle shipments from China to Europe via Piraeus The Greek carrier’s logistics affiliate is expected to provide additional services for Cosco including bonded storage hubs for vehicles and pre-delivery inspection services. Inclusion of the port in the regular rotation underscored its “strategic importance in the global automotive supply chain”, according to the Piraeus Port Authority. The move “further strengthens PPA’s transhipment potential, confirms the port’s attractiveness, and is expected to generate significant multiplier benefits for the Greek economy”, said the authority’s chief executive Su Xudong. Cosco has operated the largest portion of Piraeus’ container terminal for the past decade and is now the PPA’s main shareholder with 67% of the management company. Su said that the PPA is committed to “further reinforcing” the port’s car terminal, through investments in infrastructure, automation and green technologies. The PPA posted strong financial results for the first quarter of 2025, although the car terminal was not among the sectors that showed the strongest growth. First-quarter revenues increased by 14.7% to €51.6m, while gross profits grew by 17.7% to €27.9m. After-tax earnings came to €17.1m, a 23% increase on last year’s net profit for the period. The container terminal increased throughput by 53% to 195,937 teus for the first three months of the year. By contrast, the car terminal recorded a “marginal” increase of 1.5%, although this was primarily due to a lacklustre domestic market. The number of transhipment vehicles discharged at the port increased by 12.9% to 31,836 vehicles. Revenues from the sector decreased by €1.9m, a reflection of supply chain problems, although most of the issues have now been solved, said the PPA. Your username does not meet the requirements. Sorry - public email accounts are not allowed. Please provide a work email address. An account with that username already exists. Unfortunately we've not been able to process your registration. Please contact support. Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address. All set! This article has been sent to my@email.address. This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430 , opens new tab in 2021.Greek banks are returning to normal activities after three recapitalisations that led to their nationalisation after the country was rocked by a financial meltdown in late 2009.Having cut bad loan ratios and returned to profitability they received European Central Bank approval last year to resume dividend payments for the first time in 16 years.Piraeus expects net profit of 1 billion euros for 2024 and plans to return 35% of its profit to shareholders.It has hired UBS as a financial adviser and Milliman as an actuarial consultant for the Ethniki transaction.($1 = 0.9653 euros)Reporting by Lefteris Papadimas; Editing by Alexander Smith Our Standards: The Thomson Reuters Trust Principles., opens new tab , opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , opens new tabScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. © 2025 Reuters. All rights reserved The Gila Herald Your trusted source for news of the Gila Valley and more Island-hopping in Greece is one of the best ways to experience its beauty Keep reading to plan your perfect Greek island-hopping adventure and is a crucial hub for passenger and cargo transport it is the largest port in Greece and one of the busiest in Europe The port connects the mainland to numerous Aegean islands and Crete making it an essential gateway for travelers.  Piraeus port is not just about ferries; it also supports significant trade activities which handle millions of tons of goods each year Piraeus is vital in international shipping routes especially those connecting Europe and Asia The Cyclades are popular for their stunning beaches and charming villages The Saronic Islands are closer to Athens and perfect for quick getaways Here’s a table summarizing the popular islands to visit from Piraeus including ferry details such as daily crossings and ticket prices: This table provides a quick overview of the most popular islands you can visit from Piraeus making planning your island-hopping adventure easier If you want to explore beyond the popular spots Here are some tips to make your island-hopping easier: Island-hopping from Piraeus opens the door to a world of stunning landscapes Each island you visit has its own unique charm from the iconic sunsets of Santorini to the vibrant nightlife of Mykonos.  But it’s not just about the popular spots; lesser-known islands like Folegandros and Koufonisia offer hidden treasures waiting to be discovered.   remember that the Greek islands are endlessly calling The Port of Piraeus took a significant step in expanding its role as a key vehicle transshipment hub in the Eastern Mediterranean with the arrival of the MV COSCO SHENG SHI from COSCO Shipping Car Carriers to call at the Greek port marking the launch of a new regular monthly service by China’s largest maritime vehicle transport provider measuring 182.8 meters in length and 32.2 meters in width with a capacity of 5,276 vehicles discharged 199 GEELY passenger cars and 17 electric buses on its maiden stop in Piraeus COSCO Shipping Car Carriers operates a fleet of more than 13 modern PCTC vessels The decision to include Piraeus in its regular rotation underscores the port’s strategic importance in the global automotive supply chain stated: “We are particularly pleased to welcome the MV COSCO SHENG SHI to the Piraeus Car Terminal The launch of this new service is a strong vote of confidence in the capabilities of our port The inclusion of Piraeus in a regular COSCO shipping line further strengthens PPA’s transshipment potential and is expected to generate significant multiplier benefits for the Greek economy Our strategy is focused on further reinforcing the Car Terminal firmly establishing Piraeus as a vital link in the global supply chain We remain committed to implementing our investment plan and increase the port’s competitive advantage in sectors of strategic importance.” Top News,Greece Greece has approved an international tender for hydrocarbon exploration in four blocks in the Mediterranean Sea Top News,World Top News,Energy World,Word newsletter The Panama Maritime Authority (PMA) participated in the 2025 edition of Sea Asia one of the premier maritime industry events in the Asia-Pacific… Leading mental health support provider MHSS is proud to confirm its commitment to diversity and inclusion with the appointment of two psychologists… Design & Development by P.KAN.DESIGNER Design & Development by P.KAN.DESIGNER Welcome to www.automotivelogistics.media. This site uses cookies. Read our policy By 2025-04-16T14:24:00+01:00 Vehicle throughput at the Greek port of Piraeus was down in 2024 but the port authority has recorded an increase in revenue and will benefit from a new joint venture between Cosco Shipping and Neptune Lines Piraeus Port Authority (PPA) has reported that a 33% drop in transhipments has contributed to a decrease in the volume of finished vehicles processed through its car terminal last year Figures for CY2024 also show a 10% drop in domestic volume.  Piraeus Port Authority has expanded the Herakleous Pier at its car terminal The port handled 247,600 vehicle units in 2024 A spokesperson for PPA said the decline in volumes was because of “changes in the commercial landscape” PPA has posted a 28% increase in revenue at its car terminal “primarily driven by higher storage revenues and a pickup in domestic activity” The port authority said that growth offset the decline in vehicle volumes “underscoring the sector’s ability to generate higher value through operational efficiency” Last month PPA’s majority owner, China Cosco Shipping, set up a new transhipment hub at Piraeus with Greek short-sea finished vehicle logistics provider Neptune Lines Cosco Shipping will move vehicles from China to Piraeus from where Neptune Lines will provide a feeder service to other ports in the Mediterranean PPA said the new venture would streamline Chinese vehicle imports to Europe and make Piraeus port “a central gateway for vehicle distribution in the region” PPA has prepared for additional vehicle volumes In its annual financial report for 2024 the authority states it has recently completed the 40,000-sq.m expansion of Herakleous Pier in the ro-ro terminal bringing the overall area to 110,000 sq.m In the report PPA says it recognised the need for technology-driven modernisation particularly in areas such as terminal automation cargo handling optimisation and real-time data analytics US tariffs on vehicle and parts imports are forecast to dent automotive sales by pushing prices up for consumers already facing tighter disposable income JLR pauses all US-bound shipments after Trump enforces 25% import tariffs on finished vehicles The Spanish port of Vigo moved more than 657,000 vehicles through its terminals in 2024 and saw an uptick in trade with Morocco and Algeria Site powered by Webvision Cloud This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. You can email the site owner to let them know you were blocked. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Over the weekend containers at Greece’s Port of Piraeus topped over on the pier. While there were no injuries the Union of Cargo Handling Workers (ENEDEIP) highlighted the incident as part of its ongoing disputes with COSCO which controls the port. The union released videos and pictures showing the containers. Some were lying on the dock and others were up against the base of the crane. Several of the boxes are crushed or split open. ENEDEP reports the incident happened on Saturday, October 5. The port of Piraeus has been under pressure in 2024 due to the diversion of containerships away from routes through the Suez Canal. Container movements were down 13.5 percent in the first five months of 2024. The post is averaging about 320,000 TEU per month in 2024 with the volume down more than 24 percent in May versus the year earlier. COSCO purchased its initial position in the port from the Greek government in 2016 for €365 million plus a commitment for a further €760 million in the port. It received a 51 percent interest in the Port of Piraeus and in 2021 increased the position under a revised agreement with the Greek government. It purchased a further 16 percent for a further €88 million. The port has grown in importance as a transshipment hub in the Mediterranean. COSCO last week reported a better than four percent increase in container revenues in the first half of 2024 at the Piraeus Container Terminal despite declining volumes. Overall, the port had record revenues of nearly $120 million in the first half of the year. Income was up better than seven percent to nearly $60 million. ENEDEP has been in a long-running dispute with COSCO including trying to block the investments. After Saturday’s incident, they accused port management of “insufficient safety measures.” In a statement, the union said the port was too focused on profits and making its record profits and not on the safety of employees. The union has called a general assembly meeting on Wednesday, October 16.  © Copyright 2025 The Maritime Executive, LLC. All rights reserved. The iconic Peace and Friendship Stadium will stage Group A games on June 18, 19, and 21, followed by the Quarter-Finals, Semi-Finals, and the decisive Final and Third-Place Game from June 24 to 29. Peace and Friendship StadiumCapacity: 14,940 Address: Peace and Friendship Stadium, Piraeus 185 47, Greece To ensure everyone's safety and comfort, the following items are prohibited at the event. Additional restrictions may apply. Learn more📜FIBA Venue RulesFIBA Venue Rules are critical guidelines ensuring the smooth operation of games and the safety and comfort of participants and spectators during the tournament CSN is excited to announce the launch of a new high-level event that will be happening yearly ‘The 1st CSN Greece Shipping Debate’ The first debate is schedule to take place on Thursday 22nd  May 2025 at the Piraeus Marine Club The event will provide a platform for experts to debate these challenges with the participation of the audience hoping for discussion to be an engaging after noon faces a new era of complex challenges and opportunities “Navigating the Aegean Tides,” will delve into the critical issues confronting Greek shipowners in 2025 focusing on the unique context of the Greek maritime sector while acknowledging global trends Event details: https://cyprusshippingevents.com/1st-csn-greece-shipping-debate/ Panel 1: “Navigating Change: Geopolitics Green Transition & Growth Strategies for Greek Shipping” Panel 2: “Future-Proofing Greek Shipping: Innovation Sustainability & Resilience in a New Era” This is going to be the first CSN Greek Shipping Debate in Piraeus and we would like to invite you to support the event. There are still available sponsorships and those interested please contact us at csn@cyprusshippingnews.com The programme of the Conference is uploaded and will updated in the following website: The 1st CSN Greece Shipping Debate – Navigating the Aegean Tides 16.30 Welcome by the organisers – Adonis Violaris 16.35 Introduction by the Moderator – Andreas Chrysostomou Executive Director – Clean Shipping Alliance 16.45 Panel 1: “Navigating Change: Geopolitics 17.45 Panel 2: “Future-Proofing Greek Shipping: Innovation 18.30 Conclusions by the moderator and the organisers 18.35 Network Cocktail sponsored by Aphentrica Insurance Brokers © 2025 Cyprus Shipping News. All rights reserved , opens new tab in 2021.Greek banks have got back to normal after three recapitalisations that led to their nationalisation after the country was rocked by a financial meltdown in late 2009.Reporting by Lefteris Papadimas; Editing by Leslie Adler and Nick Zieminski , opens new tab to acquire 70% of Ethniki Insurance reported net interest income of 2.08 billion euros for 2024 up 4% year on year.($1 = 0.9532 euros)Reporting by Antonis Pothitos and Angeliki Koutantou Editing by Louise Heavens and Rachna Uppal Authorities have seized a large quantity of cocaine hidden in a banana shipment at the port of Piraeus which had been shipped from Ecuador to Piraeus port was uncovered during a joint inspection by the Independent Authority for Public Revenue (AADE) and the Financial Crimes Squad (SDOE) officials discovered 45 packages containing a total of 54 kilograms of cocaine with an estimated market value of €2.35 million The cocaine packages were concealed in the container’s external cooling mechanism and detected using an automated X-ray system The findings were later confirmed by sniffer dogs The investigation remains ongoing as authorities explore possible links between this cocaine bust and other similar cases in an effort to dismantle an international drug trafficking network View source version on businesswire.com: https://www.businesswire.com/news/home/20250318777601/en/ Already have an account? Login (PPA) is strengthening its role as a logistics and passenger hub in the Mediterranean speaking at the 10th Delphi Economic Forum emphasized the port’s goal to be globally competitive and socially responsible highlighting recent measures like a 50% reduction in port fees as part of its public-focused mission with net profits rising to €87.4 million — a 30.8% increase from the previous year Karakostas credited this to a focused strategy on service diversification and a user-centric operational model the port’s strategic alliance with COSCO SHIPPING has been vital in boosting global connectivity Piraeus remains the busiest cargo port in the Mediterranean and Europe’s top passenger port with cruise activity playing a growing role in Greece’s tourism sector Current development projects include expanding the cruise terminal all aligned with PPA’s environmental and circular economy commitments As the first EcoPort-certified facility in the Mediterranean Piraeus is engaged in several EU-backed sustainability initiatives focused on environmental and energy performance “Through innovation and long-term responsibility we are shaping a resilient port for future generations,” Karakostas concluded To remind, recently, the Piraeus Port Authority announced the adjustment of fees and tariffs for the provision of ship generated liquid waste management services. Comment * document.getElementById("comment").setAttribute( "id" "afdecd4c07aa37e2315570618b3dc245" );document.getElementById("c08a1a06c7").setAttribute( "id" This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page These results set new record highs in the company's history marking the fourth consecutive year of improved financial performance April 1 (Xinhua) -- Greece's Piraeus Port Authority S.A posted record-high revenues and profits in 2024 Total revenue reached 230.9 million euros (249.82 million U.S Pre-tax profits rose to 112.9 million euros reflecting a 17.4 percent increase compared to 2023 while after-tax profits climbed to 87.4 million euros The proposed dividend per share also surged by 43.7 percent to 1.92 euros They reflected PPA's continued growth trajectory The record-breaking performance was attributed to strong results across PPA's core business segments Cruise operations delivered another record year achieving all-time highs in vessel calls and passenger volumes Strategic planning and targeted collaborations further reinforced Piraeus' position as a leading cruise hub in the Eastern Mediterranean revenue increased by 28.2 percent compared to 2023 The container terminal business also demonstrated remarkable resilience despite global supply chain disruptions caused by the Red Sea crisis while a marginal increase was recorded in ship repair activities our ability to achieve record results while investing in the port's future demonstrates the strength of our strategy and the dedication of our team," said Su Xudong He added that PPA remains committed to supporting the long-term development of the port and the Greek economy China COSCO Shipping Corporation (COSCO) acquired a majority stake in PPA increasing its ownership to 67 percent by 2021 Piraeus has become a major transshipment hub in the Mediterranean Greek lender Piraeus Bank has agreed to purchase a 90.01% stake in the parent company of compatriot Ethniki Insurance from CVC Capital Partners Fund VII (CVC) Last month, the bank entered exclusive talks with CVC.  Ethniki Insurance holds a market share of approximately 14.5% with more than €800m in gross written premiums registered in 2024 The acquisition is projected to diversify Piraeus Bank’s revenue streams and complement its product suite spanning banking Piraeus Bank estimates the transaction will boost its earnings per share by 5% and increase its return over average tangible book value by one percentage point Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis Its proforma total capital position is expected to reach approximately 18.5% for 2025 with expectations it will grow to around 19.5% by 2027 and 20% by 2028 The bank also anticipates maintaining a “comfortable” Pillar 2 Guidance buffer and sustaining a Common Equity Tier 1 (CET1) ratio of 13% or higher during this period In pursuit of financial conglomerate status Piraeus Bank intends to apply for the prudential treatment of its participation in Ethniki Insurance’s share capital under CRR article 49 this could further enhance the bank’s CET1 ratio by 50 basis points Ethniki Insurance reported total assets of €4bn and shareholders’ equity of €400m the company logged an adjusted profit before tax of approximately €100m UBS Europe is the financial advisor to Piraeus Bank for the deal Legal and competition counsel is being provided by Milbank Moratis Passas Law Firm and Potamitis Vekris Law Firm CVC acquired a 90.01% stake in Ethniki Insurance from the National Bank of Greece Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement If the first quarter of this century has taught us anything it is that resilience and adaptability are key ingredients of success Euromoney sat down with Thanos F Vlachopoulos general manager and head of large corporate finance and wholesale products at Piraeus Group to discuss how the bank chartered a new path focused on innovation and sustainability The distinction highlights the bank's strategic overhaul and return to profitability customer-centric services and sustainable practices the bank successfully reduced its non-performing exposure (NPE) ratio to less than 3.5% in 2023 from 52% in 2017 and is expecting more than €1 billion in net profits in 2025 and 2026 Recognising the pivotal role of technology in modern banking Piraeus was the first bank in the Greek market to launch a state-of-the-art digital transaction banking platform The platform includes cash management and invoice management services Vlachopoulos recognises the fast-paced nature of transaction banking but you need to continue investing if you want to be in the same position in two or five years,” he explains Piraeus is the first Greek bank to offer a trade payables supply chain and virtual accounts solutions in the market Buyers and importers of products and services can leverage a digital solution for the prepayment (discounting) of domestic and foreign suppliers’ invoices the invoice management service offers a fully automated process of invoice payment and reconciliation Virtual accounts are used by clients as a collection tool or to further automate receivables reconciliation All TBX services are offered to corporates on a tailor-made basis after analysing the needs and transaction behaviour of the client The investments in digital transaction banking focus on two key areas we work with our teams to understand how to relieve the CFO the treasurer and the accounting department of a company from the administrative tasks they perform using our platforms and products,” Vlachopoulos notes it’s about the data we have and understanding how to use it for the benefit of our customers.” These efforts enhance efficiency and allow businesses to focus on strategic growth The proactive use of data analytics enables the bank to anticipate client needs and offer tailored solutions “Our small and medium-sized clients do not have the time and resources to rethink their operations and constantly look for efficiencies,” Vlachopoulos highlights “Data allows us to understand the profile of each client build a tailored solution and be proactive – you go with a proposition to the client; you don’t wait for the client to come to you.” Piraeus operates in a domestic environment with increasing competition not only from fintechs but also from traditional local banks offering a wider range of products and services at competitive prices “Our key strategy is to leverage technology to enhance our efficiency and customer experience,” Vlachopoulos says ensuring its offerings align with evolving market demands Vlachopoulos firmly believes that by prioritising people the bank not only overcame the financial crisis but has strengthened its position as a leader and innovator in the Greek financial sector You have reached the limit for gifting for this month Piraeus Financial Holdings has entered exclusive discussions with CVC Capital Partners' Fund VII to acquire a 70% stake in Ethniki Insurance for €469mn The acquisition is expected to diversify and strengthen Piraeus' revenue pool while delivering significant value to shareholders The proforma impact on Piraeus' capital position is estimated at approximately 150bps as of September 2024 maintaining a comfortable Pillar 2 Guidance buffer exceeding 200bps Piraeus plans to pursue the Danish Compromise which could reduce the capital effect to below 100bps Ethniki Insurance is Greece's leading composite insurer with a 14% market share and €0.4bn shareholders' equity as of 2023 The company reported adjusted profit before tax of approximately €100mn in 2023 Its network includes 130 Sales Network Offices with over 1.6k Corporate Network Insurance Agents and extensive collaboration with insurance agencies and brokers Piraeus Financial Holdings ha avviato discussioni esclusive con il Fondo VII di CVC Capital Partners per acquisire una partecipazione del 70% in Ethniki Insurance per 469 milioni di euro Si prevede che l'acquisizione diversifichi e rafforzi il pool di entrate di Piraeus offrendo al contempo un valore significativo agli azionisti L'impatto proforma sulla posizione patrimoniale di Piraeus è stimato a circa 150 punti base a settembre 2024 mantenendo un margine di sicurezza sul Pillar 2 Guidance superiore a 200 punti base Piraeus prevede di perseguire il Compromesso Danese che potrebbe ridurre l'effetto patrimoniale a meno di 100 punti base Ethniki Insurance è l'assicuratore composito leader in Grecia con una quota di mercato del 14% premi lordi scritti di 0,8 miliardi di euro un totale di attivi di 4 miliardi di euro e un patrimonio netto di 0,4 miliardi di euro nel 2023 L'azienda ha riportato un utile rettificato prima delle imposte di circa 100 milioni di euro nel 2023 La sua rete comprende 130 uffici di rete vendita con oltre 1.600 agenti di assicurazione corporate e una vasta collaborazione con agenzie di assicurazione e broker Piraeus Financial Holdings ha entrado en conversaciones exclusivas con el Fondo VII de CVC Capital Partners para adquirir una participación del 70% en Ethniki Insurance por 469 millones de euros Se espera que la adquisición diversifique y fortalezca el flujo de ingresos de Piraeus y aporte un valor significativo a los accionistas Se estima que el impacto proforma en la posición de capital de Piraeus será de aproximadamente 150 puntos básicos a partir de septiembre de 2024 manteniendo un margen cómodo de reserva del Pilar 2 que supera los 200 puntos básicos Piraeus planea perseguir el Compromiso Danés lo que podría reducir el efecto sobre el capital a menos de 100 puntos básicos Ethniki Insurance es el principal asegurador compuesto de Grecia 0,8 mil millones de euros en primas brutas suscritas 4 mil millones de euros en activos totales y 0,4 mil millones de euros en patrimonio neto a partir de 2023 La empresa reportó un beneficio ajustado antes de impuestos de aproximadamente 100 millones de euros en 2023 Su red incluye 130 oficinas de ventas con más de 1,6 mil agentes de seguros corporativos y una extensa colaboración con agencias y corredores de seguros 피레우스 파이낸셜 홀딩스는 CVC 캐피탈 파트너스 펀드 VII와 독점 협상을 시작하여 에스니키 보험의 70% 지분을 4억 6900만 유로에 인수할 계획입니다 이번 인수는 피레우스의 수익원을 다양화하고 강화하는 동시에 주주들에게 상당한 가치를 제공할 것으로 예상됩니다 2024년 9월 기준으로 피레우스의 자본 상태에 대한 proforma 영향은 약 150bp로 예상되며 200bp를 초과하는 편안한 Pillar 2 Guidance 버퍼를 유지하게 됩니다 그들의 네트워크에는 130개의 영업망 사무소와 1,600명 이상의 기업 보험 대리인이 포함되며 Piraeus Financial Holdings a engagé des discussions exclusives avec le Fonds VII de CVC Capital Partners pour acquérir une participation de 70 % dans Ethniki Insurance pour 469 millions d'euros L'acquisition devrait diversifier et renforcer le pool de revenus de Piraeus tout en apportant une valeur significative aux actionnaires L'impact proforma sur la position de capital de Piraeus est estimé à environ 150 points de base d'ici septembre 2024 maintenant un coussin de guidance de Pilier 2 supérieur à 200 points de base Piraeus envisage de poursuivre le Compromis Danois ce qui pourrait réduire l'effet sur le capital en dessous de 100 points de base Ethniki Insurance est le principal assureur composite en Grèce 0,8 milliard d'euros de primes brutes souscrites 4 milliards d'euros d'actifs totaux et 0,4 milliard d'euros de fonds propres en 2023 L'entreprise a enregistré un bénéfice ajusté avant impôts d'environ 100 millions d'euros en 2023 Son réseau comprend 130 bureaux de vente avec plus de 1 600 agents d'assurance corporate et une collaboration étendue avec des agences d'assurance et des courtiers Piraeus Financial Holdings hat exklusive Verhandlungen mit dem Fonds VII von CVC Capital Partners aufgenommen um eine Beteiligung von 70 % an Ethniki Insurance für 469 Millionen Euro zu erwerben Der Erwerb wird voraussichtlich Piraeus' Einnahmequellen diversifizieren und stärken und gleichzeitig den Aktionären einen erheblichen Wert bieten Der proforma Einfluss auf die Kapitalposition von Piraeus wird auf etwa 150 Basispunkte bis September 2024 geschätzt und hält einen bequemen Puffer für die Säule 2 Guidance von über 200 Basispunkten aufrecht der die Kapitalwirkung unter 100 Basispunkte reduzieren könnte Ethniki Insurance ist der führende Composite-Versicherer in Griechenland mit einem Marktanteil von 14 % 4 Milliarden Euro an Gesamtvermögen und 0,4 Milliarden Euro an Eigenkapital im Jahr 2023 Das Unternehmen meldete im Jahr 2023 einen bereinigten Gewinn vor Steuern von etwa 100 Millionen Euro Sein Netzwerk umfasst 130 Verkaufsbüros mit über 1.600 Agenten für Unternehmensversicherungen sowie umfassende Kooperationen mit Versicherungsagenturen und -maklern (Athens Stock Exchange: TPEIR) (OTCQX: BPIRY) (OTCQX: BPIRF) 2025 /PRNewswire/ -- Further to the announcement on 03 February 2025 Piraeus Financial Holdings (hereinafter "Piraeus") informs the investment community that it has agreed to enter into exclusive discussions with CVC Capital Partners' Fund VII ("CVC") regarding the potential acquisition by Piraeus of a 70% stake in Ethniki Insurance for €469mn (the "Potential Transaction") Post the completion of the Potential Transaction Piraeus expects to diversify and further strengthen its revenue pool and to deliver significant value uplift to its shareholders the proforma impact on Piraeus' capital position is estimated at approximately 150bps as at September 2024 This impact translates into a capital ratio with a comfortable Pillar 2 Guidance buffer of more than 200bps Piraeus intends to pursue the potential adoption of the Danish Compromise in relation to the prudential treatment of its possible participation in the share capital of Ethniki Insurance would reduce the capital effect of the Potential Transaction to below 100bps Ethniki Insurance is the #1 composite insurer in Greece covering the whole spectrum of insurance products with a c.14% market share (c.17% in life / c.11% in non-life) and €0.8bn Gross Written Premiums Ethniki Insurance has €4bn total assets and €0.4bn shareholders' equity Ethniki Insurance reported a profit before tax adjusted for non-recurring items of approximately €100mn in 2023 Ethniki Insurance's production network extends throughout Greece and consists of c.130 Sales Network Offices with more than 1.6k Corporate Network Insurance Agents 1.1k Collaborating Insurance Agencies and c.135 Collaborating Insurance Brokers Piraeus is being advised on the Potential Transaction by UBS Europe SE as exclusive financial advisor Piraeus will promptly inform the investment community in accordance with the applicable provisions should an additional reportable event arise This release contains forward-looking statements statements regarding the potential benefits of the contemplated transaction expected synergies and the anticipated capital impact These forward-looking statements are based on the current expectations of Piraeus and are subject to various risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements Factors that could cause or contribute to such differences include to unforeseen operational challenges or changes in market conditions Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date of this release without any obligation by Piraeus to update regarding any future developments This announcement does not constitute an offer to buy or the solicitation of an offer to sell any securities View original content:https://www.prnewswire.com/news-releases/piraeus-agrees-to-enter-into-exclusive-discussions-with-cvc-regarding-the-acquisition-of-ethniki-insurance-302372345.html Greece's second-largest lender by market capitalisation reported a 5.4% rise in first-half net profit to 721 million euros compared with 684 million euros in the first half of 2023.Net interest income rose to 1.13 billion euros the bank said in a statement.The bank's non-performing exposure (NPE) ratio fell to 3.1% from 5.2% year-on-year.In the past few years Greek banks have cut their (NPE) ratios to below 6% from 45% in 2016.($1 = 0.9245 euros)Reporting by Gdansk Editing by Louise Heavens and Jane Merriman Above image is used for illustration purposes only (PPA SA) has announced the adjustment of fees and tariffs for the provision of ship generated liquid waste management services following the provisions of published fees and tariffs applied at ship generated liquid waste management services and more specific in accordance with article 12 The annual performed adjustment is in line with the annual inflation and based on the finalized 12-month average Consumer Price Index it is noted that for the coastal shipping sector the relevant adjustment of fees and tariffs will be implemented when the procedure provided for in Law 4404/2016 is completed and a new information note will be circulated "a63503466d2ee4546b5654ce3e645f0d" );document.getElementById("c08a1a06c7").setAttribute( "id" said on Thursday that it is in exclusive talks with CVC Capital Partners to acquire 70% of Ethniki Insurance Piraeus CEO Christos Megalou told journalists earlier this week that a possible acquisition of Greece’s second largest insurer would help it raise fee revenues to 30% “We agreed… to proceed with exclusive discussions regarding the potential acquisition by Piraeus of a 70% stake in Ethniki Insurance for 469 million euros,” the bank said in a stock exchange filing bought a 90% stake in Ethniki from National Bank in 2021 Greek banks are returning to normal activities after three recapitalizations that led to their nationalization after the country was rocked by a financial meltdown in late 2009 Having cut bad loan ratios and returned to profitability they received European Central Bank approval last year to resume dividend payments for the first time in 16 years expects a net profit of €1 billion for 2024 and plans to return 35% of its profit to shareholders It has hired UBS as a financial adviser and Milliman as an actuarial consultant for the Ethniki transaction Private equity firm CVC Capital Partners currently holds a 90% stake in National Insurance Greek financial services company Piraeus Financial Holdings is vying for National Insurance, aiming to bolster its fee revenue, reported Reuters Megalou told journalists that Piraeus “is in discussions to buy National Insurance” from CVC Capital Partners Private equity firm CVC Capital currently holds a 90% stake in National Insurance This move aligns with the Greek lender’s strategic goals to enhance its revenue streams with assets under management worth €191bn ($197.58bn) acquired the majority stake in National Insurance from National Bank in 2021 Megalou was cited by the news agency as saying that the potential deal could boost the bank’s fee income to 30% Piraeus confirmed that “its assessment regarding the investment in National Insurance is ongoing and thus there is no definitive agreement for a potential transaction.” which achieved full privatisation last year is projecting a net profit of €1bn for 2024 and plans to distribute 35% of these earnings to its shareholders This is indicative of the broader recovery trend among Greek lenders who are emerging from a period of financial turmoil marked by three recapitalisations and nationalisation in the past decade the European Central Bank granted approval for Greek banks to resume dividend payments Sign up for free newsletters and get more CNBC delivered to your inbox and more info about our products and services © 2025 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data also provided by Two employees of Piraeus Containers Terminal SA have been arrested for allegedly facilitating the export of a large quantity of drugs hidden in a banana shipment at the Port of Piraeus were made by the Hellenic Coast Guard’s Drugs & Contraband Enforcement Directorate and the Regional Narcotics Enforcement Team of the Piraeus Central Port Authority under the supervision of the Prosecutor’s Office which involved extensive data analysis and intelligence gathering also included cooperation with the US Drug Enforcement Administration (DEA) and the Piraeus Customs Office authorities uncovered the drug shipment after receiving intelligence about a container carrying bananas from Ecuador officials found 22 plastic packages of cocaine Further investigation revealed that between November 4 and 11 an international criminal organization had concealed the drugs in the banana container at the Guayaquil container terminal in Ecuador removed the drugs from the container and smuggled them out of the port where they were delivered to recipients for further distribution who had access to the port’s loading and unloading system facilitated the operation by repositioning the container to allow easier access to the drugs without detection Subsequent searches of homes and vehicles led to the seizure of four mobile phones and an unused shipping seal for containers Ongoing investigations aim to identify and apprehend other members of the criminal organization Authorities are also coordinating with international law enforcement to trace and link these drugs to other global seizures The estimated value of the confiscated drugs is nearly €1 million opinion pieces and current events straight to your inbox.