Piraeus and ports of Venice and Chioggia join hands to strengthen cargo flows

Piraeus Port Authority (PPA) and North Adriatic Sea Port Authority have signed a memorandum of understanding to strengthen relations and cargo flows between the two ports.

North Adriatic Sea Port Authority oversees the ports of Venice and Chioggia, while Piraeus port is the largest port of Greece and the Eastern Mediterranean.

The collaboration will see the two port authorities develop their ports and port services, establish infrastructural connectivity policies, and foster commercial flows between Europe, the Mediterranean and the Far East.

The MOU also aims to improve the exchange of best practices and know-how in port management, specifically in the fields of information technology, investment attraction and communication. A common target is to improve the performance of the ports, which serve as fundamental networks in the upcoming international maritime connections along the new Silk Road.

Captain Fu Chengqiu, ceo of PPA, said: “The establishment of our cooperation with the North Adriatic Sea Port Authority is targeting to strengthen the trade links between Asia and Mediterranean and to enhance the role of ports as engines for the European economy. The Piraeus port with its ongoing investment plan aims within the next years to contribute to the growth of the local and regional economy by developing almost every aspect of the shipping and maritime industries including containers, shipyards, logistics, cruise and ferries.”

Read more: China Cosco in Piraeus - the good and the bad news

Pino Musolino, president of the North Adriatic Sea Port Authority, commented: “In an upcoming scenario which foresees a powerful increase of trades between Asia and Europe along the new maritime Silk Road, it is necessary to put all our efforts on the rationalization of the logistics chains, starting from the ports and from the road connections with the inner markets, in order to shorten distances, to lower transports costs, to remove trucks from roads and improve the environmental sustainability of trades.”

Posted 12 February 2019

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Lee Hong Liang

Asia Correspondent

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