Piraeus in the lavish northern suburbs of Athens, many shipowners have opted once again to move their bases away from Piraeus to Northern Athens. Piraeus, nevertheless, is still a major centre for Greek and international shipping, and bi-annually acts as the focus for a major shipping convention, known as Posidonia, which attracts maritime industry professionals from all over the world. Piraeus today is one of the largest ports in Europe, and the annual number of 19 million passengers makes it the third largest worldwide in terms of passenger transportation. Piraeus is currently Greece's third-busiest port in terms of tons of goods
Piraeus plan was also drawn up and approved by King Otto, but not completely fulfilled, as it was revolutionary for its time. The municipality was established in 1835, reviving the ancient name 'Piraeus'. Following petitions from the new and emerging prosperous bourgeoisie, municipal elections were held to elect a mayor for the city, Kyriakos Serfiotis of Hydra. Piraeus had around 300 inhabitants at this time. Piraeus, from a deserted small town, quickly became the leading port and the second largest city in Greece, with its prime geographical location and closeness to the Greek capital helping it continually to grow, attracting people