The port of Piraeus in Greece has reached a record 5 million TEU (twenty-foot equivalent unit) in its container cargo capacity, Piraeus Port Authority (PPA S.A.) announced.
According to the Authority, a container unloaded from the COSCO SHIPPING CAPRICORN vessel on Monday morning brought the total traffic to the Piraeus port to 5 million TEU, leading Piraeus Port closer to the first place in the Mediterranean and possibly among Europe’s top four ports.
Piraeus is the second largest container port in the Mediterranean after Valencia.
China’s COSCO Shipping acquired a majority stake in PPA S.A. in 2016 after an international tender and continues to change the port’s image.
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