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PPA S.A.: Strong cruising growth at the Port of Piraeus

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Overall, PPA S.A. is expecting within the fiscal year 2022 the arrival of 750 cruise ships, 66% of which will be homeported at the Port of Piraeus, while arrivals of new companies are also scheduled for 2022.

A dynamic cruising season has already kickstarted at the Port of Piraeus, after some of the world’s largest, most advanced and luxurious cruise ships of the leading cruise companies internationally made their debut.

More specifically, in the previous period the ultra-luxury mega yacht “Scenic Eclipse” owned by the Australian Scenic - Luxury Cruises & Tours which is described as the first six-star yacht, as well as the Royal Caribbean mega cruise line “Odyssey of the Seas” which can accommodate up to 5,500 passengers, but also the “Celebrity Beyond”, the newest and most luxurious vessel of Celebrity, with a capacity of up to 3,937 passengers, made their maiden arrival at the Port of Piraeus. Overall, PPA S.A. is expecting within the fiscal year 2022 the arrival of 750 cruise ships, 66% of which will be homeported at the Port of Piraeus, while arrivals of new companies are also scheduled for 2022.

This dynamic cruising restart is not an accidental event, but the result of the implementation of the strategic growth path of the Port of Piraeus. The new enhanced and modernized Port infrastructure as well as the high-end, quality services provided, backed with the unique geographic location of the largest harbor in Greece have turned the Port of Piraeus into one of the most attractive hub destinations for the cruise industry worldwide.

Piraeus Port Authority SA is a Greece-based company engaged in the management and operation of Piraeus port, Greece largest post. The main activities of Piraeus Port Authority SA are ships’ anchoring services, handling cargo, loading and unloading services as well as goods storage and car transportation. The Company is also responsible for the maintenance of port facilities, the supply of port services (water, electric current and telephone connection, among others), for services provided to travelers and for renting space to third parties. The main shareholder of Piraeus Port Authority SA is COSCO Shipping with a stake of 67 percent, one of the world's largest maritime operators.

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