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Thessaloniki port eyeing ten year record high on container traffic

Staff Writer |
Thesaloniki port authority (OLTH) in northern Greece is expecting a record year in 2017 with the volume of containers going through the port to hit a ten year high, the company said Thursday.

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In a presentation made to analysts, the company said in a statement that the number of containers it transported rose by an annual pace of 7.5% in the first four months of the year and that this growth trend will continue.

"Based on this data, it is estimated that 2017 will be a year with the highest movement of containers in the last ten years and (the traffic) in conventional cargo will be of the highest in the last five years," it said.

In April, Greece's privatisations agency announced that a German led consortium submitted the highest bid for a two thirds stake in OLTH in a deal valued at 1.1 billion euros.

Private-equity firm Deutsche Invest Equity Partners, France's Terminal Link and Greece's Belterra Investments, controlled by Russian-Greek businessman Ivan Savvides, offered 231.9 million euros for 67 per cent of OLTH shares.

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