Critically evaluate the principal roles of the sea-port of Piraeus and analyse how its container terminal business has been affected by the new developments in international trade in the period from 2000 to 2019 essay
Useful Links on Port Economics & Management
(Valid as of Oct. 2019)
I searched in the World Wide Web and found the following sources from which you can download some material
for free. All these sources impose restrictions on the free downloads (i.e. Some of them allow you to download only
1 book per day, provided that it is less than 10 MB. Others require you to register for free first, and after that, you
can download up to 3 to 5 books per day. When you visit such areas, it is recommended to have a good antivirus
software in your PC, as it is also necessary whenever you surf in the internet.). Of course, for those who want to
purchase hard copies, all the books are sold by bookstores like Amazon (preferably use Amazon.de if you want to
pay in Euros and avoid foreign exchange fluctuations). Anyway, you need to start building your library with
interesting books covering a variety of areas. Definitely, you need to possess the textbooks:
Alderton, Patrick. (2008) Port Management and Operations, 3rd edn, Informa, London. [Available for free download after registering (for free)
at that site and without need for any subscription at https://seatracker.ru/viewtopic.php?t=4576, accessed on 18 Oct.2019]
Haralambides, Hercules. (2015) Port Management, 1st edn, Palgrave [Available for free download after registering (for free) at that site and
without need for any subscription at https://seatracker.ru/viewtopic.php?t=10459 , accessed on 24 Oct.2019].
ICS – Port and terminal management (2015) [Available for free download after registering (for free) at that site and without need for any
subscription at https://seatracker.ru/viewtopic.php?t=23047, accessed on 24 Oct.2019].
ICS – Port agency (2016) [Available for free download after registering (for free) at that site and without need for any subscription at
https://seatracker.ru/viewtopic.php?t=23044, accessed on 24 Oct.2019].
UNCTAD, Review of Maritime Transport 2019, It can be downloaded for free from here https://unctad.org/en/Pages/Publications/Review-ofMaritime-Transport-(Series).aspx . From the same URL you can also download previous editions until the first one, which was issued in 1968. In
each volume, the ports are addressed usually in Chapter 4. On the average, each volume has approximately 130 pages.
Piraeus Port Authority SA (PPA), http://www.olp.gr/en/ . There you can find information for the port about statistics, financial documents,
Presentations, etc. For the container terminal traffic the latest statistics for PIER I are incorporated into the annual financial documents.
Piraeus Container terminal (PCT), http://en.cosco.com/art/2013/6/18/art_794_41.html They have a separate site in the internet. Some information
for the sea-traffic of container ships can be found in the main PPA site. Information about the container traffic for PIERS II and III, can be
obtained from the main COSCO site at https://ports.coscoshipping.com/en/Businesses/MonthlyThroughput/ .
mized&p_p_mode=view&_estatsearchportlet_WAR_estatsearchportlet_action=search&text=top+20+ports and then, select appropriately the
information that you are looking for [i.e. TOP-20 ports volume (in TEUs) of containers handled in each port, by loading status (main ports), or
anything else from the already available information]. As you will see, these statistics, except for the year 2016, differ from the total information
that you can combine from the other above sources as far as the container terminal traffic is concerned.
International association of Ports and Harbors (IAPH), http://www.iaphworldports.org/. There the free information that we can find is a list of
TOP-50 ports, and some news, publications and case studies about the port business, together with a periodical published bi-monthly by them.
Apart from the latest publication that comes at a subscription price, all older publications can be downloaded for free. Moreover, you can find
there research done by the students of the School of Maritime Economics and Logistics (MEL) of the Erasmus University of the Netherlands.
Sample Essay Answer, Writing Guide
The port of Piraeus is one of the most significant ports in Europe and has played a crucial role in the development of the Greek economy. It is located in the Saronic Gulf and serves as a gateway to the Mediterranean, Black Sea, and the Far East. In recent years, Piraeus has been expanding its container terminal business and has become a major player in the global container shipping industry. However, new developments in international trade have affected the port’s container terminal business. This essay critically evaluates the principal roles of the sea-port of Piraeus and analyzes how its container terminal business has been affected by new developments in international trade in the period from 2000 to 2019.
Principal roles of the port of Piraeus
The port of Piraeus serves multiple roles in the global shipping industry. Firstly, it is a transshipment hub that handles cargo destined for other ports in the Mediterranean and Black Sea regions. Secondly, it is a gateway to the Aegean Sea and the Greek islands, handling both passenger and cargo traffic. Thirdly, it serves as a key transportation node for trade between Europe and Asia, especially since the Belt and Road Initiative (BRI) was launched by China in 2013. Fourthly, it is a major cruise port, serving as a starting point for many Mediterranean cruises. Finally, it is a hub for oil and gas transportation, with a pipeline connecting it to the rest of Greece.
Container terminal business at the port of Piraeus
The container terminal business at the port of Piraeus has been growing steadily since the early 2000s. The container terminal is operated by the Piraeus Container Terminal (PCT), a joint venture between the Chinese state-owned COSCO Shipping Ports and the Piraeus Port Authority (PPA). In 2009, COSCO acquired a majority stake in the PPA and has since invested heavily in the port’s infrastructure, including the container terminal.
The container terminal at Piraeus has benefited from the growth of the global container shipping industry, with increasing demand for containerized cargo transportation. It has also benefited from the BRI, which has led to a significant increase in trade between China and Europe, passing through Piraeus. In 2019, the container terminal handled over 5 million TEUs (twenty-foot equivalent units) of containerized cargo, making it one of the largest container terminals in Europe.
New developments in international trade
New developments in international trade have had both positive and negative impacts on the container terminal business at Piraeus. On the positive side, the BRI has led to a significant increase in trade between China and Europe, with Piraeus serving as a key transportation node. This has led to increased traffic at the container terminal and boosted its revenue.
On the negative side, the ongoing trade war between the US and China has led to a decline in global trade and affected the container shipping industry. This has had an impact on the container terminal business at Piraeus, with a slowdown in traffic growth. In addition, the COVID-19 pandemic in 2020 had a significant impact on global trade and container shipping, leading to a decline in traffic at Piraeus.
The port of Piraeus plays a crucial role in the global shipping industry, serving as a transshipment hub, gateway to the Aegean Sea and Greek islands, transportation node for trade between Europe and Asia, and a major cruise port. Its container terminal business has grown significantly in recent years, benefiting from the growth of the global container shipping industry and the BRI. However, new developments in international trade, such as the trade war between the US and China and the COVID-19 pandemic, have had a negative impact on the container terminal business at
The port of Piraeus has played a significant role in the Greek economy and has become a major player in the global container shipping industry in recent years. This essay will critically evaluate the principal roles of the sea-port of Piraeus and analyze how its container terminal business has been affected by new developments in international trade from 2000 to 2019.
Principal Roles of the Sea-port of Piraeus
The sea-port of Piraeus serves as a gateway to the Mediterranean, Black Sea, and the Far East. It has been the main gateway for trade between Greece and its neighboring countries for centuries. In the 21st century, the port has become an important transshipment hub, connecting Europe with Asia and the Middle East. Piraeus is also a popular destination for cruise ships and passenger ferries, serving as a gateway to the Greek islands.
The container terminal business has been a significant contributor to the port’s growth in recent years. The container terminal, operated by Cosco Shipping, has been expanding since 2009 and has become one of the largest container terminals in the Mediterranean, handling over 5 million TEUs in 2018. The terminal’s success has contributed significantly to the port’s overall growth and has made Piraeus an attractive destination for shipping companies.
New Developments in International Trade from 2000 to 2019
The period from 2000 to 2019 was marked by significant developments in international trade. One of the most significant developments was the growth of containerization, which has transformed the shipping industry. Containerization has made it easier to transport goods and has led to significant improvements in supply chain efficiency. This has resulted in increased competition among ports, with many ports expanding their container terminal operations to accommodate the growing demand.
Another significant development in international trade was the growth of e-commerce. The rise of e-commerce has led to an increase in parcel shipments and has created new challenges for ports. Ports need to adapt to handle the increasing volume of smaller parcels, which require different handling processes than traditional container shipments.
The container terminal business at Piraeus has been affected by these new developments in international trade. While the terminal has continued to grow in recent years, it faces increasing competition from other ports in the Mediterranean. The growth of e-commerce has also created new challenges for the terminal, as it needs to adapt its operations to handle smaller parcels.
In conclusion, the sea-port of Piraeus has played a significant role in the Greek economy and has become a major player in the global container shipping industry. The port’s container terminal business has been a significant contributor to its growth in recent years. However, new developments in international trade have affected the container terminal business at Piraeus, with increasing competition from other ports in the Mediterranean and the need to adapt to handle the growth of e-commerce. The port will need to continue to adapt to these new developments to maintain its position in the global container shipping industry.
Haralambides, H. E. (2015). Port Management. Palgrave Macmillan.
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Tsamourgelis, I., Pallis, A. A., & Vaggelas, G. K. (2014). Container terminal concession agreements in Europe: Lessons learned from the experience of major container ports. Research in Transportation Business & Management, 11, 25-34.
Lam, J. S., & Pallis, A. A. (2017). Container shipping and ports: An overview. Transportation Research Part E: Logistics and Transportation Review, 103, 1-4.
Song, D. W., & Zhang, A. (2016). Port competition and hinterland connections along the Maritime Silk Road. Journal of Transport Geography, 51, 81-90.