presentation of dimitris lemonakis president of pcci's export department pireaus

Looking beyond the sea - port, city and cruise tourism: Connecting the dots

a perspective from Piraeus

Ports in the Ionian & Aegean Archipelago

8th Mediterranean Ports Summit (2015): Looking beyond the sea

Piraeus within a distance


Attica Port System:• Piraeus Port Authority (www.olp.gr)

• Largest Port in Greece with significant Growth Prospects• Terminals for Container | Passenger | Cruise & Car Services• Transshipment for Container Cargo & Cars• Significant Feeder Services reaching out to Mediterranean Ports• Greek & Mediterranean Macro-level recovery to provide impetus for Trade

flows• Greek Cruise Homeport• Ferries reaching out to South, Central & North Aegean islands


Attica Port System:• Piraeus Port Key Milestones


Attica Port System:• The Piraeus Port Business Model (1)


Attica Port System:• The Piraeus Port Business Model (2)

• 3.6 MM TEUs Container through (Piers 1|2|3)• Profit before tax amounted to € 8,891,464.98 compared to € 11,824,617.21 of

2013• Profit after tax amounted to € 6,763,882.84 compared to € 8,045,245 euro in 2013• Gross profit showed an increase of: +3.3% (2013/2014), thus from € 22,224,256 to

€ 22,958,410.89• Turnover decreased by 4%, from € 108,630,469 (2013) to € 104,320,264.31 (2014)• Operating expenses decreased by 4.76% & the third party services fell by 9.40%


Attica Port System:• Piraeus Port Business Developments (1)

• Completion of the Amicable Settlement between PPA S.A. and PCT S.A. (COSCO) for the Western Pier III and Petroleum Pier, a new investment of € 230 mil., thus raising the Net Present Value of the PPA S.A. / COSCO Agreement to € 1.1 billion. Annual profits output, after its completion, for PPA S.A. as of € 110 mil. (annually).

• Full approval of the South Expansion Zone for the Cruise pier investment of € 136 mil. with 95% EU Co-financing contribution.


Attica Port System:• Piraeus Port Business Developments (2)

• Revenue Contributions: Container Terminal (57%) including Concessions (Pier 2|3) of € 34 mil. Coastal (9%) including 16,8 Mil. Passenger Traffic (6 Mil. to Coastal lines, 8,7 Mil. to Salamis

island & 1,9 Mil. towards the Saronic Gulf) Car Terminal (11,5%) with revenue (2014A) € 12 mil. & 77% of volume from transshipment Cruise (11,5%) as a Port of Call: 607 Vessels (2014A), with 1,9 Mil. Passenger traffic Other Services (11%) with revenue (2014) € 11 mil. & 3.083 Cargo ship Calls


Piraeus Overview (1):• Container Terminal


Piraeus Overview (2):• Pier 2|3 Operations


Piraeus Overview (3):• Coastal Operations

Strategy & Key Initiatives: Infrastructure maintenance Provision of berthing & access at all times Tariff policy to incorporate criteria for

social cohesion


Piraeus Overview (4):• Cruise Operations

Strategy & Key Initiatives: Expansion of Southern Port with three

new Cruise berths (350 m.+) Additional berth at Ag. Nikolaos (250 m.+) ECOPORT Certification, in the framework

of ESPO Guidelines International Certification

(EN ISO 9001:2008 & EN ISO 14001:2004)


Piraeus Overview (5):• Car Terminal Operations

Strategy & Key Initiatives: Maintain key position as Car Terminal in

Mediterranean Expansion of capture area through

rail connectivity Expansion of current capacity through

connection with former ODDY SA(Public Administration Management)

Tariff policy adjustments in line with pricing of competitive ports


Piraeus Port Authority Investment Programme (1):



• Investment Programme (Capital Expenditure) : € 217.629.328• Remaining Investment Programme: € 100.000.000• Investment | Development Programme: € 245.000.000• Excluding investments for Piraeus Cultural Coast


Piraeus Cultural Coast Programme explained (1):• A contribution of the PPA S.A. In the improvement of the quality of life, with renovated

facilities and open access to the marina front• Intervention to cover approx. 180 acres, while 50 acres constitute green space• Overall Programme (exp.) : € 70 mil. Main Objectives outlined: Organic interconnection of the city with port

area, with concentrated cultural activities set within a wide green area

Exhibition of significant archaeological sites including the display of Maritime Antiquities

Creation of a network of pedestrian walkways &cycle paths

Exploitation of the building infrastructure reserve within a transformed space for museums & multi-purpose sites for cultural events


Piraeus Cultural Coast Programme explained (2):• Master Plan specifics include a distinction and understanding of the co-existence between

cultural and port activities, aiming to ensure the uninterrupted Port operations and aims to better exploit communal space within the Port and City area

Operation to develop in 3 Phases: Phase I: Maintenance & Operation of

Vessels at Vasileiadi Coast Phase II: Unification of the entire area of the

Cultural Coast with traffic containmentand limitations within the Port areas. Museums and Aquarium development.

Phase III: Abolishment of mooring at HaetionianCoast with extensive space attributed to the Cultural Coast. Relocation of services, restructuring of Port actors and vessels servicingCrete will be required.

Certain elements and characteristics of the Port to be preserved (such as the Reservoirs).


Piraeus Cultural Coast Programme explained (3):• Master Plan Development Phases (I-II-III):

Phase I.1 Phase I.2 Phase II.1

Phase II.2 Phase III.1


Attica Port System:• Elefsina Port Authority (life-ole.gr)

• Industrial & Commercial Services• General Cargo, Dry Bulk, Container Handling• Proximity to Ship Repair Zone• Experienced actor in environmental regeneration with specific project for the

Gulf of Elefsina underway:• Profits before tax: -0,9% (2012/2014)• Port revenue: -5,5% (2012/2014)


Attica Port System:• Lavrion Port Authority (www.oll.gr)

• Industrial | Commercial | Passenger & Cruise Services• General Cargo, Dry Bulk, Containers & Ro-Ro Ships• Developing new node infrastructure for Homeporting activity & Cruise services• Ferries reaching out to Central & North Aegean islands• Profits before tax: +51,2% (2012/2014)• Port revenue: +17,6% (2012/2014)


Attica Port System:• Rafina Port Authority (www.rafinaport.gr)

• Commercial & Passenger Services• Ferry & Passenger Ships• Ferries reaching out to Central & North Aegean islands• Profits before tax: +1.763,7% (2012/2014)• Port revenue: -3,2% (2012/2014)


Piraeus CCI strengthening ties with the maritime & transport ecosystem (1):

• feasibility study regarding the improvement of its services to all registered companies-members and towards external actors & other economic entities

• wide area of Chamber activity encompassing Piraeus city & expanding in other 19 municipalities including the 3 major ports of the Attica Port System: Piraeus, Lavrio & Elefsis, as well as 7 islands in Saronic sea

• broadening of services (One Stop Shop for Business, General Commercial Registry, Intermediation body for the resolution of commercial litigations, the issuing of Certificates and the validation of Statutes) and overtly expanding to the improvement of daily business transactions within a modern “business centre” and the operation of a web-based unique service point (“web-evep”)

• modernising & simplifying procedures regarding the opening of new businesses and services provided thereafter

• training to working personnel of the heavy and light maritime & shipping industry with the authority to certify skills in connection with recognised and renowned International Institutions. Successful implementation for 1500 unemployed workers and now on going training programme for 2500 persons employed or semi-employed in industrial zone business operations


Piraeus CCI strengthening ties with the maritime & transport ecosystem (2):

• promoting the “forwarding” role of the Port of Piraeus, the re-functioning of the Commodity Exchange of Piraeus, as well as the creation of a special procedure related to the registration of foreign businesses having a Greek Tax Identification Number

• promoting the provision of public services towards the private sector without the impediment of mandatory registration and subscription to the Chamber Registry (although it is still advisable to register and to enjoy a further array of services)

• joining forces with higher education institutions and research foundations, including the provision of an MBA offered on site at Piraeus CCI (with the academic cooperation of the Piraeus University of Applied Sciences)

• acting as a facilitator for the wider maritime & shipping cluster initiative, spanning all economic actors and stakeholders


Topics for a structured debate: (1)

• Regional development through port-maritime cluster formulation

Geographic concentration of inter-connected companies & institutions, working in a common industry (Porter, 1990)Innovation and extroversion as an antidote to crisisOpportunity for cooperation of public institutions and independent associationsStimulus for cooperative & competitive relationships



• Maritime economic environment: An engine for growth

Potential stems from international transshipment and transit trafficConcession agreements and public-private partnerships facilitate large investmentsPositive effects for employmentEntire intermodal transport network [ports|road|rail] in need of significant infrastructure upgrade, in conjunction with effective use of EU funds and resources



• Developments in the Container market:

A booming sector globally (7 times higher in 2011 comparing with 1990, while average containership doubled in size)Necessity for world port sector to undergo extensive restructuring (privatisations, investment in infrastructures & equipment)Market dynamism: The case of Piraeus & COSCOTransshipment: primary driver for Piraeus’ impressive dynamics



• Looking into the Mediterranean and Europe:

Handling about 114 TEUs in 2011 from just 23.7 TEUs in 1990Activity providing both transshipment traffic and transit traffic: resulting in competition between ports, on the basis of infrastructure, equipment, cost and quality of serviceGeography: equally important to infrastructure potentialChallenges facing insularity & remote connections: exploring the potential use of Hub and Spoke system



• Looking forward into transport policy & EUSAIR:

Further expansion and upgrade of transport infrastructures & further support of port and port activity developmentAcknowledgement of multiplicity of maritime economy (shipping, cruising), which remains critical for the Adriatic and Ionian RegionA clear connection between coastal areas and islandsAttracting and promoting tourismDeveloping alternative but compatible modes of local/regional air transport (hydroplanes)



• Coordination & Good Governance efforts

Access to available Capital resourcesLocal/National/Interregional support to set-up, to communicate and to transcend a macro regional strategy

• Issues we need to address within EUSAIR & wider Mediterranean area

How long do we stretch the transport routes?A role for regulatory action & independent authorities?


Thank you for your attentionGracias por su atención

Dimitris Lemonakis, Piraeus Chamber of Commerce & Industrywww.pcci.gr | [email protected]

T: +30 2104179480 | F: +30 2104274084Data, Illustrations & Pictures for this presentation:

Piraeus & other Greek Port Authorities, Hellenic Republic Asset Development Fund, Hellenic Chambers Transport Association & Piraeus Chamber of Commerce & Industry


presentation of dimitris lemonakis president of pcci's export department pireaus

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