Cosco Shipping Ports are showing signs of recovery, supported by data indicating a rise in container traffic.
Although there was a decrease in container traffic at the Piraeus Container Terminal in April 2025, the overall trend over the past four months remains positive.
From January to April 2025, a total of 1.337 million TEUs were processed at Piers II and III of the Piraeus Container Terminal, up from 1.272 million TEUs during the same period last year, reflecting a growth of 5.1%.
The 6.7% drop in April 2025 compared to the previous year is primarily due to seasonal cargo fluctuations.
In April 2025, Piers II and III handled 318,000 containers, a decrease from 341,000 in April 2024.
The recent revival of traffic through the Suez Canal, aided by a ceasefire agreement in the Red Sea and reduced tolls offered by the Egyptian SCA Authority, presents favorable prospects for navigation through this crucial route.
Industry leaders anticipate that with the Suez Canal Authority’s announcement of significant financial incentives and the cessation of attacks on ships by the Houthis due to an agreement with the US, container shipping through this route will gradually begin to pick up.
Effective May 15, a temporary 15% discount on transit fees will apply to cargo ships over 130,000 tons for a period of 90 days.
Additionally, the recent US-China agreement to lower tariffs has reinvigorated international trade, enhancing cargo flow.
