Hey friends,

In 2008, Piraeus was dying.

Strikes. Inefficiency. Outdated infrastructure. Greece was in crisis and the port was a symbol of everything that was broken. Container traffic had collapsed to 450,000 TEUs—down from 1.5 million just two years earlier. The port ranked 7th or 8th in the Mediterranean. Nobody was investing. Nobody cared.

Fast forward to 2024: Piraeus handles over 4.7 million TEUs annually and ranks as the 5th largest container port in Europe. It's been the busiest port in the Mediterranean for years, surpassing Valencia, Barcelona, and Genoa.

What changed?

China bought it.