The General Meeting of Shareholders of the Piraeus Port Authority (PPA SA) ended with the approval of the Results of the Annual Financial Report 2011.

The master, Vincenzo Alcaras, and the officers of the new cruise vessel, CARNIVAL BREEZE, which arrived at the port of Piraeus as the first stop of its maiden voyage, were visited by the President and CEO of PPA SA George Anomeritis, President of MedCruise, Stavros Hatzakos, and the managerial cruise executives Mr. T. Tsitouras and Mr. D. Agrapidis.

"PPA SA actively supports the Posidonia through its participation as an exhibitor and as a sponsor of the event. The Sea Tourism Forum gives the opportunity to the people of tourism, shipping and port industries to communicate annually and make efforts for the advancement of marine tourism".

The investment of 420 million Euros by the port of Piraeus on the cruise industry and the activation of a specialized subsidiary company concerning service management and infrastructure were emphasized on among other things by the Chairman of the Hellenic Ports Association, Mr. George Anomeritis, speaking at the SEA TOURISM FORUM Posidonia 2012.

The Board of PPA SA approved the financial results for the first quarter of 2012 (January 1st - March 31st) and the statements of financial position, comprehensive income, cash flows and changes in equity, which were prepared under the International Financial Reporting Standards

The annual briefing for members of Institutional Investors was held today, by the management of PPA SA, in the offices of the ASE.The Company, its business and the financial results for 2011 were presented by the Chairman of the Board and CEO of PPA SA, Mr. G. Anomeritis, the Managing Director, Mr. P. Petroulis, the General Director, Mr. St. Hatzakos, and the Financial Director, Ms. E. Venardou.

Piraeus was chosen by the Board of Directors of the Association of Mediterranean Cruise Ports (MEDCRUISE) as its headquarters during the 81st spring meeting on 18 / 19 May 2012, which was held at the Headquarters of PPA SA and chaired by the new president of MEDCRUISE, Stavros Hatzakos, and General Director of PPA SA.

In the Annual General Meeting of the European Union Ports (ESPO), which took place in SOPOT Poland, the Piraeus Port Authority (PPA SA) took part, headed by the General Director of the Organization, Mr. Stavros Hatzakos, and the General Secretary Mr. Thanos Pallis.

The Container Terminal of PPA SA (Pier I) showed a significant throughput increase of 45.63%, during the first quarter of 2012, according to the relevant directorate. Specifically, 166.000 TEU's were handled in the period of January to March 2012, compared to 113.990 TEU's in the corresponding period of last year.

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