Greece's Piraeus Port Authority on Tuesday reported lower revenue and profit for the first nine months of 2026, citing a reduction in container and cruise activity, though it said container handling showed signs of recovery in the third quarter.
The company said nine-month revenue fell 8.2 per cent year-on-year to €178.8 million ($200.08 million), while net profit declined 21.5 per cent to €59.7 million.
Container handling at Pier I fell 27.8 per cent year-on-year over the first nine months, though volumes rose 0.3 per cent in the third quarter, the first positive quarterly performance of 2026.
The cruise sector recorded 584 ship arrivals in the nine months, down 16.3 per cent from 698 a year earlier, with passenger numbers falling 19 per cent to 1.3 million amid Middle East-related disruption.
OLP said container shipping through the Suez Canal was gradually resuming and expected full restoration of traffic by May 2027, supporting future container volumes.
(Reporting by Antonis Pothitos; Editing by Alison Williams)