Port of Piraeus Port of Piraeus The Port of Piraeus is the largest Greek seaport and one of the biggest in the Mediterranean Sea and Europe. The Port of Piraeus served as the port of Athens since ancient times. Today, the Port of Piraeus is a major employer in the region and is operated by the Piraeus Port Authority S.A. (PPA). With about 18.6 million passengers Piraeus was the busiest passenger port in Europe in 2014. Since its privatization in 2009 the port's container handling is growing rapidly. Piraeus handled 3.67 million TEUs in 2016 (2015: about 3.32 million). According to Lloyd's list
Port of Piraeus the Greek government-debt crisis started in late 2009 the Greek government planned to privatize several state-owned assets. These assets are believed to be worth around 50 billion euros. One of these assets is the port of Piraeus. In October 2009 Greece leased docks 2 and 3 from PPA to the China Ocean Shipping (Group) Company (in short: COSCO) for a 35-year-period. For its presence at the port COSCO is paying 100 million euros every year. Terminal 1 is operated by PPA S.A. and has a capacity of nearly 1 million TEUs. Terminal 2's capacity is 3 million TEUs and is