The Port of Piraeus a top destination for the global cruise industry
November 2, 2022. PPA S.A. and Viking Cruises, one of the top cruise liners in the world, exchanged their plaques in a ceremony held at the Port of Piraeus to warmly welcome the cruise ship Viking Mars, whose maiden voyage took place in May 2022.
It is noted that October was the month with the most Viking Cruise arrivals at the Port of Piraeus in 2022. Based on the Cruise liners pre-bookings, whose cruise ships arrive at the Port of Piraeus around the year, in 2022 an overall increase of 48% is expected, while the increase in the homeported arrivals is estimated at 107% compared to 2021.
This is part of an overall optimistic trend and an indication of the dynamic Cruise restart at the Port of Piraeus. Some of the world’s largest, most advanced and luxurious cruise ships of the leading cruise companies internationally made their debut, while arrivals of new companies are added on a frequent basis. Also, during 2022 new large-scale cruise ships of around 300 meters in length arrive on a weekly basis. Based on the 2023 pre-bookings the positive prospects will continue also in the next year.
The Port of Piraeus is an important destination for cruise ships in the Mediterranean Sea with 11 places able to accommodate the simultaneous berthing of the largest cruise ships in the world. In 2019, before the pandemic, the Piraeus port broke the limit of 1 million cruise passengers. In 2021, the port succeeded in serving a significant number of cruise ships, contributing to the recovery of the Greek tourist industry.
Today, the recovery of the cruise business is moving at a rapid pace, achieving at the same time a significant structural modification in the business mix, since many are the cruise ships, like the Viking Cruise example, that use the Port of Piraeus as home port. This trend was especially obvious during the first half of 2022 with 65% of the cruise ships serviced being homeported. During the same period the overall growth of the cruise business was exponential with over 800% increase in passengers compared to 2021. The rapid uptake of the cruise routes and the homeported ships generates positive prospects for the coming years and contributes to the national effort towards an overall country port industry growth and island development. About PPA S.A.
Piraeus Port Authority S.A. is an Athens Stock Exchange listed company engaged in the management and operation of Piraeus port, Greece’s largest port and one of the largest integrated harbours in Europe, providing a complete range of services. Some of the company’s activities involve cruise, coastal (ferry/passenger), container and car terminal services, as well as general cargo, ship repair, logistic and free zone services. The main shareholder of Piraeus Port Authority S.A., with a stake of 67 percent, is COSCO SHIPPING, one of the largest maritime companies in the world.
Over the last decade the company has experienced a remarkable growth in all port activities, which is still underway, largely contributing to the country’s economy, while driven by green development and increased digitalization, alongside a people-first approach and a spirit of giving back to the society.
PPA holds the ''ECO PORT'' PERS status, is included in the Athens Stock Exchange ESG index and is one of the “Most Sustainable Companies in Greece 2022”.