PPA S.A.: Signing a Memorandum of Understanding (MoU) with the Port of Guangzhou in China


February 26, 2024. In a special ceremony hosted at its premises, PPA S.A. entered a partnership with the Port of Guangzhou in China, ranking among the top 10 largest commercial ports globally. The MoU was signed by the Deputy CEO of PPA S.A. Mr. Panagiotis Tsonis and the Deputy General Manager at Guangzhou Port Group Mr. Song Xiaoming.

Under this Memorandum, the governing bodies of both ports committed to enhancing their partnership, establishing a lasting alliance that anticipates present and future challenges. Furthermore, both parties pledged to escalate joint endeavors towards investments aimed at transitioning into environmentally sustainable ports and exploring innovative solutions to minimize carbon emissions. Finally, they agreed to closely collaborate on port digitization and automation, ensuring a continual exchange of expertise and cutting-edge technologies.

Mr. Yu Zenggang, Chairman of PPA S.A., expressed profound satisfaction at the signing of the cooperation between the ports of Piraeus and Guangzhou. He stressed that for PPA S.A. fostering continuous development, progress, modernization and technological advancement through the exchange of knowledge, experiences, and advanced technologies, is paramount in addressing global challenges such as climate change and is a pivotal strategy for port management and decision-making in the port of Piraeus.

The signing ceremony of the cooperation Memorandum was attended by the Mayors of Piraeus and Guangzhou, Mr. Yiannis Moralis and Mr. Sun Zhiyang, along with the esteemed Ambassador of China to Greece, Mr. Xiao Junzheng.

About PPA S.A.

Piraeus Port Authority SA is an Athens Stock Exchange listed company engaged in the management and operation of Piraeus port, Greece’s largest port and one of the largest integrated harbours in Europe, providing a complete range of services. Some of the company’s activities involve cruise, coastal (ferry/passenger), container and car terminal services, as well as general cargo, ship repair, logistic and free zone services. The main shareholder of Piraeus Port Authority S.A., with a stake of 67 percent, is COSCO SHIPPING, one of the largest maritime companies in the world.

Over the last decade the company has experienced a remarkable growth in all port activities, which is still underway, largely contributing to the country’s economy, while driven by green development and increased digitalization, alongside a people-first approach and a spirit of giving back to the society.

PPA is a member of “ECO PORTS”, holds ISO 9001:2015, ISO 14001:2015, ISO 50001:2018 Certifications, is included in the Athens Stock Exchange ESG index and is one of the “Most Sustainable Companies in Greece 2022”.

Sun Xiuqing (Director General of the Guangzhou Port Authority), Yu Zenggang (Chairman of Piraeus Port Authority S.A.)


Yu Zenggang (Chairman of Piraeus Port Authority S.A.)


(left to right) Ioannis Moralis (Mayor of Piraeus), Sun Zhiyang (Mayor of Guangzhou)


(left to right)
Standing row: (left to right)
Sun Xiuqing (Director General of the Guangzhou Port Authority), Yu Zenggang (Chairman of Piraeus Port Authority S.A.), Ioannis Moralis (Mayor of Piraeus), Sun Zhiyang (Mayor of Guangzhou), Xiao Junzheng (Chinese Ambassador to Greece), Zhan Decun (Director of the Foreign Affairs Office of the Guangzhou Municipal Government)
Sitting row: (left to right)
Panagiotis Tsonis (Deputy CEO of Piraeus Port Authority S.A.), Song Xiaoming (Deputy General Manager at Guangzhou Port Group)

For more information please visit: https://olp.gr

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