• 2019 November 13 12:00

    EIB agrees to provide EUR 140 million to support expansion and upgrading of the Port of Piraeus

    The European Investment Bank (EIB) formally agreed to provide EUR 140 million to support expansion and upgrading of the Port of Piraeus, the principal port of Greece, the company said in its release. The largest ever loan for port investment in the country by Europe’s long-term lending institution, will support the implementation of part of investments at the Port of Piraeus in a total investment plan of more than EUR 600 million.

    The 20-year loan was signed in Athens in the presence of Prime Minister of Greece Kyriakos Mitsotakis, Chinese President Xi Jinping, Xu Lirong, Chairman of COSCO SHIPPING Corporation and Chairman of Piraeus Port Authority S.A. Yu Zenggang, by Andrew McDowell, European Investment Bank Vice President and Athanasios Liagkos, Board Member of the Piraeus Port Authority S.A.

    The first EUR 100 million tranche of the EIB loan was signed and the remainder agreed as project construction progresses.

    The EIB loan is guaranteed by the Exports – Imports Bank of China, and the guarantee facility contract between PPA and CEXIM was also signed today in the presence of CEXIM Chairwoman Ms HU Xiaolian and Mr Thanos Liagkos from PPA.

    New investment at the Port of Piraeus includes development of a new port logistics centre, construction of a new cruise passenger handling facility, expansion of car shipping facilities, an improved ship repair area and the upgrade of the container terminal.

    The long-term EIB loan will complement other investments in the Port currently under consideration by the European Commission and the Greek government plus Technical Assistance work undertaken by JASPERS.

    Improvements to the Port of Piraeus are expected to support economic growth and job creation across the country, reduce transport costs and enable increased cruise tourism and shipping.

    The Port of Piraeus is the busiest in the Mediterranean and the world’s 32nd largest port in terms of container cargo traffic.




2021 April 22

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16:23 Pavel Leonov ferry completed its sea trials on the Ladoga Lake
16:05 Rolls-Royce delivers 16-cylinder version of mtu Series 8000 for the first time
15:41 Bunker Weekly Outlook, Week 16, 2021
15:24 ABS publishes analysis of the greenhouse gas footprint of the leading alternative marine fuels
15:04 Samskip enters into new formal agreement with sustainable cargo initiative GoodShipping
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14:31 Plug and Play launches maritime innovation platform in Antwerp
14:13 ABS Consulting and Verifavia Shipping partner to deliver turnkey IHM solution to maritime industry
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13:12 MPA and SMF step up efforts for maritime workforce transformation
12:34 Rosmorport tests e-Navigation system in the seaport of Sabetta
12:30 DNV awards first merchant vessel SILENT-E notation
12:12 Aker Solutions completes first phase of the Hywind Tampen Construction
11:39 Russian Maritime Register of Shipping takes part in NEFTEGAZ 2021
11:17 Wan Hai Lines to launch independent TVT2 service
10:46 Russian Fishery Company starts supplying surimi to the domestic market
10:20 FESCO refinanced its obligations to VTB
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09:11 Baltic Dry Index as of April 21
06:57 The first batch of the next generation of electric boats arrives in New York

2021 April 21

18:44 Russian President suggests providing federal infrastructure loans
18:35 MAN Energy Solutions to partner on world’s largest liquid-air energy-storage (LAES) project
18:05 Port of Dampier sets sail with 10-year roadmap
17:35 Port of Amsterdam postpones the implementation date of the Green Award requirement for river cruise ships for a year
17:33 First Candela C-7 hydrofoil delivered to customers on the US East coast
17:15 Maersk launches rail service between Gurugram and APM Terminals Pipavav Port
16:35 Wärtsilä seeks breakthrough in clean propulsion as part of Finnish consortium
16:15 BIMCO asks the IMO to improve the ballast water record book
15:14 Russian container transport giant RUSCON opens its office in the Netherlands
14:41 Shipping bodies call on world leaders to bring forward discussions on global market-based measures
14:18 Volvo Penta is now taking orders on its full Stage V marine engine range
14:13 DEME wins first floating offshore wind EPCI contract for the Leucate wind farm
13:02 S&P affirmed DeloPorts rating at B+ based on the results of 2020 with stable outlook
12:15 Korean Register launches latest ‘SeaTrust-HullScan’
11:30 MPA inks collaborations with partners to advance decarbonisation efforts
11:07 IAP on Maritime Decarbonisation unveils nine pathways to support decarbonisation in the maritime industry
10:37 European first for UK firm pioneering technology to transform shipping industry
10:27 Europe’s first Maritime value chain project for Liquid Hydrogen is short-listed as Norwegian candidate for IPCEI Hydrogen
09:51 Icebreaker assistance period ends at Passenger Port of St. Petersburg from April 21
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09:12 Baltic Dry Index as of April 20

2021 April 20

18:19 China's Sinopec successfully starts up two Dupont™ STRATCO® alkylation technology units
18:05 MINT Fund grant scheme to provide maritime technology start-ups in Singapore
17:25 MPA launches Singapore’s first Maritime Drone Estate
17:15 SEA-LNG warns against delay in addressing shipping decarbonisation
17:08 Launch of Singapore’s MDE as test bed for drone technologies
16:44 RF President signs law on long-term agreements for providing services involving nuclear-powered icebreakers
16:15 ONE launches Green Strategy Department
15:43 Solstad Offshore signs long-term contract for PSV in UK
15:20 ABS and Rainmaking to support Singapore’s decarbonization entrepreneurs
15:05 Icebreaker assistance period ends at the port of Vysotsk in the Leningrad Region
14:26 Budget allocations for construction of LNG terminal in Kamchatka Territory to exceed RUB 21 billion
14:02 Hiab to supply 37 loader cranes in Spain to maintain railway infrastructure
13:23 Alfa Laval starts testing methanol fuel cell systems for sustainable marine power supply
13:01 Bollinger Shipyards acquires Gulf Island Fabrication’s shipyard facilities
12:57 Icebreaker assistance period ends at Big Port St. Petersburg from April 21
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