by Lloyd's List

16 April 2025 (Lloyd's List) - THESSALONIKI, the northern Greek port, has unveiled a significant increase in container throughput as it posted record revenues and profits for 2024.

The container terminal handled 566,000 teu last year, a 9% rise from 2023.

Conventional cargo handling also increased by 9%, to about 250,000 tonnes, while cruiseship calls and passenger traffic increased by even bigger margins.

The port authority’s revenues grew by 17% to €100.7m ($114.6m) and it posted a record after-tax profit of €28m, up by 38% from 2023’s net result.

“Robust operational performance fuelled the strong financial performance in 2024,” said the Thessaloniki Port Authority.

The impressive results were achieved “despite the significant challenges in an increasingly adverse and uncertain environment, where intense geopolitical instability, escalating conflicts, and supply disruptions were strongly present”, it said.

ThPA’s board is proposing a 54% increase in the port’s dividend, to €2 per share, subject to approval by shareholders at an ordinary general meeting next month.

The port’s master plan for the next few years was recently approved by presidential decree allowing it to proceeding with key investments, notably the flagship project to expand the port’s Pier 6 that will boost its annual container capacity.

“The port of Thessaloniki is now entering a new development trajectory,” said ThPA executive chairman Athanasios Liagkos.

Last year’s results validated “the consistent implementation of our long-term business and investment plan, which aims to promote and reinforce the role of the port of Thessaloniki in southeastern Europe”, he said.