The Port of Piraeus is majority owned by China COSCO Shipping (the successor of China Ocean Shipping (Group) Company (COSCO)), the 3rd largest container ship company in the world. The Port is a major employer in the region. One of these assets is the port of Piraeus. These assets are believed to be worth around 50 billion euros. :42 Since the Greek government-debt crisis started in late 2009 the Greek government planned to privatize several state-owned assets. With this modification the lease is ending in 2052. In 2008 the duration of the concession agreement was modified from 40 to 50 years. The Greek government leased the port zone lands, buildings and facilities of Piraeus Port to PPA for 40 years. In 2002 PPA and the Greek government signed a concession agreement. In the late 4th century BC Piraeus went into a long period of decline the harbours were only occasionally used for the Byzantine fleet and the city was mostly deserted throughout the Ottoman occupation of Greece. In the following years Themistocles initiated the construction of the port and created the ship sheds ( neosoikoi), while the Themistoclean Walls were completed in 471 BC, turning Piraeus into a great military and commercial harbour, which served as the permanent navy base for the mighty Athenian fleet. In 483 BC, the Athenian fleet left the older harbour of Phaleron and it was transferred to Piraeus, distinguishing itself at the battle of Salamis between the Greek city-states and the Persians in 480 BC. In 493 BC, Themistocles initiated the fortifications of Piraeus and later advised the Athenians to take advantage of its natural harbours' strategic potential. It was then that the area was increasingly silted and flooding ceased, thus permanently connecting Piraeus to Attica and forming its ports, the main port of Cantharus and the two smaller of Zea and Munichia.
Until the 3rd millennium BC, Piraeus was a rocky island connected to the mainland by a low-lying stretch of land that was flooded with sea water most of the year. Unsourced material may be challenged and removed.
Please help improve this section by adding citations to reliable sources. This section does not cite any references or sources. The Port of Piraeus ( باليونانية: Λιμάνι του Πειραιά code: el is deprecated ) is the chief sea port of Athens, Greece, located on the Saronic Gulf on the western coasts of the Aegean Sea, the largest port in Greece and one of the largest in Europe. the recent developments in each port and the major European initiatives and national port policy.
The port study, published by Ports & Shipping Advisory (P&S Advisory), is detailing the evolution of the different categories of cargoes and passengers served by Greek ports of national and international interest, the main financial figures of the Port Authorities and terminal operator that operate as a S.A. GREPORT 2016, the Report on Greek Ports by Thanos Pallis and George Vaggelas is the first comprehensive record and analysis of the developments of the Greek port industry over the last decade. In 2014, their turnover exceeded the €326 million. With total throughput 6.36 million tonnes of dry bulk cargo, 3.98 million TEUs, 28.23 million coastal passengers and 2.07 cruise passengers in 2014, Greek ports are important actors in local, national and regional level.
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