ThPA S.A.: The 1st Greek Port certified with ISO 45001:2018
ThPA S.A. received the certification of compliance with the international standard ISO 45001:2018 for the management of Health & Safety after a thorough and demanding inspection carried out by the independent certification body Bureau Veritas.
The Port of Thessaloniki is the 1st Greek Port certified with the international recognized standard ISO 45001:2018. The new certification provides a comprehensive framework for preventive improvement of occupational health and safety and replaces the existing OHSAS 18001:2007 standard.
ThPA S.A., with the main objective of providing reliable, modern and competitive services also has the following internationally recognized certifications:
• ISO 9001: 2015, for the quality of its provided services.• ISO 14001:2015, for the environmental management system that applies to all the functions of the Port.• ISO/IEC 27001:2013, for the security of information management systems and the protection of digital data at the Container Terminal and the Conventional Cargo Terminal.
ThPA S.A.: 2 new STS cranes specially designed for the Port of Thessaloniki
ThPA S.A. announces the purchase of two (2) new, specially designed STS Cranes (Ship To Shore Cranes) for the Port of Thessaloniki in order to further increase its competitive geographical advantage for intermodal transports to and from South East Europe. With the acquisition of the new equipment, ThPA S.A. will be able to directly serve main liner container vessels by providing reliable, modern, and competitive services.
The acquisition of the two (2) STS Cranes, with a total value of € 15.675.000, a maximum lifting capacity of 65 tons and 50 tons in twin-lift mode and in single-lift mode respectively, from the world leader in manufacturing and delivery of Port Equipment, is part of the Mandatory Enhancements undertaken by ThPA S.A. based on the Concession Agreement with the Greek State.
The new equipment enables the Port of Thessaloniki to directly serve main liner vessels, with a capacity of over 10.000 TEUs (New Panamax) and expected to be delivered in fully functional and operational capacity at the Container Terminal of the port, during the 1st quarter of 2022. With the new equipment, the service level provided is substantially upgraded and the speed of customer service of the Port of Thessaloniki is significantly improved.
The Executive Chairman of the BoD of ThPA S.A. Athanasios Liagkos stated: “The implementation of the equipment modernization program is part of the overall Investment Plan of ThPA S.A. and is launched with absolute consistency and at a fast pace so that the Port of Thessaloniki leads the development of intermodal transports to and from Southeastern Europe, whilst attracting main liner vessels. We serve our customers with three-fold devotion to innovation, safety and growth in our areas of responsibility”.
The Managing Director – CEO of ThPA S.A. Franco Nicola Cupolo stated: “The Port of Thessaloniki, with the purchase of the two new exclusively designed STS Cranes enters into a new era. The new equipment optimizes the service levels of container handling, doubles the production capacity of the Container Terminal, and significantly improves the port’s competitiveness”.
CMPort and ThPA S.A. Signed Cooperation Agreement on Port Information System
On July 10, 2020, China Merchants Port Holdings Co., Ltd. and its subsidiaries China Merchants Holdings (International) Information Technology Co., Ltd. (‘CMHIT’) held a Cloud Signing ceremony with the Thessaloniki Port Authority S.A.(‘ThPA’) in Shenzhen, Greece and Hong Kong. The three parties signed two agreements on the strategic cooperation and port information system.
At the signing ceremony, Dr. Bai Jingtao, Managing Director of CMPort, and Franco Nicola Cupolo, Managing Director and Chief Executive Officer of ThPA, signed the ‘Cooperation Agreement’; then, Wang Pei, General Manager of CMHIT, and Franco Nicola Cupolo signed ‘CTOS Cooperation Contract’. Li Yubin, Deputy General Manager of CMPort, presided over the signing ceremony.
‘CM Chip’ developed by CMHIT is the core of a Smart Information Service Platform. According to the agreement, ThPA will be the first to install CTOS system in the European market, as a demonstration and promotion window for the TOS project and related IT solutions to enter the European market; CMPort will take the advantage of its influence and port network to enhance the reputation of Thessaloniki Port Authority and promote the port of Thessaloniki to become an important port for goods entering and leaving Europe.
In his speech, Bai Jingtao said, ‘The port of Thessaloniki is the largest comprehensive port in the Aegean Basin and the second largest container port in Greece. It has a long history, outstanding location and shipping advantages. It is not only the main import and export gateway in northern Greece, but also an important channel and logistics hub linking Europe and Asia.
Bai Jingtao emphasize that, ‘CM Chip’ is a core part of Smart Information Service Platform innovated by CMPort, it comprises of container and bulk cargo TOS systems, further of park management and billing systems. It is one of the most advanced port operating systems in the world. Moreover in light of the global port network of CMPort, it brings to industry stakeholders a mature ecology of systems. We believe that this successful cooperation is not limited to a system marching overseas in Europe, but also a promotion of the two parties in the port areas of Europe and Asia, which can be recognized another success and practice of the initiative of ‘Belt and Road’.
Thanos Liagkos, Executive Chairman of Bod, Thessaloniki Port Authority S.A., emphasized in his speech, ‘The signing of cooperation agreement with CMPort marks a major step forward for Thessaloniki Port Authority because this cooperation fully supports us achieving the promise of developing innovative strategies and sustainable operations, it will benefit the Greek economy and the supply chain in southeastern Europe.’
Wang Pei said, ‘ The CTOS project in Thessaloniki will be an important milestone for CMHIT to enter the IT market of European port and logistics industry. Through close cooperation with the ThPA project team, our IT team will adopt the most advanced technology, implement the latest system, provide the most high-quality services, apply the best practices of container terminals to ThPA, make the CTOS project in ThPA into a demonstration and window for smart ports, and conduct long-term cooperation with ThPA in a wider market.’
Franco Nicola Cupolo pointed out, ‘ThPA is implementing an extended investment plan and the curial point of these investments is the expansion of the Container Terminal, allowing to serve main liner container services and accommodate Ultra Large Container Vessels of 24,000 TEUs capacity. We believe, the implementation of CTOS will provide additional value to our shareholders, are investments and support significantly the transformation of Container Terminal to international standards. We are looking forward to the start of our cooperation with the CMPort and continuously promote sustainability to port’s development.’
‘CM Chip’ is port and terminal operation management solution of CMPort, which involves comprehensive management of various production factors such as people, finance, cargo, and business. TOS is the core component of ‘CM Chip’, CTOS is one of TOS products, CTOS is adopting modular structure, the basic functions include Planning And Control System (PACS), Document Information System (DIS), with capacity to expand to smart port intelligent module, such as Automated Gate, Yard Crane Remote Control, Automatic Planning, Automatic Yard Planning, Tandem operations Planning, Trailer Full-field Scheduling, Due Cycle of Loading and Discharge, etc. CTOS integrates real-time data, intelligent planning and control, graphical display, monitoring and warning, simulation and forecast, it provides an optimized business process management platform for container terminals, which will improve the port’s container throughput and customer service quality, thereby having a decisive role to enhance the port’s core competitiveness.
ThPA S.A. Reports 2019 Container Throughput Increase of 5.7%
On May 25th, 2020, the Board of Directors of ThPA S.A. approved the Annual Financial Report for the Fiscal Year 2019, presenting the following highlights:
In 2019, the overall activity level of the Port increased – for another year – leading to increased revenues and profits over 2018.
The Container Terminal throughput increased by 5,7% over the previous year, from 424.500 TEUs in 2018 to 448.765 TEUs in 2019, a result primarily driven by:
import/export volumes, from 363.138 TEUs in 2018 to 379.256 TEUs in 2019, representing an increase of 4,4%, transit volumes from 60.637 TEUs in 2018 to 69.113 TEUs in 2019, representing a notable increase of 14%. The Conventional Port volumes significantly increased by 19% over the previous year, with an improved cargo mix, lifting the Container Port revenues by 17,9%, from €18,9 million in 2018 to €22,3 million in 2019.
Revenues from rental of facilities posted a significant increase also by 26%, from €1,49 million in 2018 to €1,87 million in 2019, while passenger traffic remained largely at the same levels as in the previous year.
Gross Profit increased from €27,47 million in 2018 (€27,1 million prior the IFRS 16 restatement for 2018) to €32,2 million in 2019, representing a total increase of 17,8%. The increase, as in last year, is not only due to increased activity levels, but also due to an improvement of operational efficiencies in both the Container Terminal and the Conventional Port, keeping the Gross Profit Ratio at almost the same levels (46,9% in 2018 and 46,7% in 2019).
Finally, Net Profits after tax increased by 0,3%, from €16,4 million in 2018 to €16,45 million in 2019, forming the Net Profit Ratio from 28% in 2018 to 24% in 2019. Net profits were primarily influenced by two main factors: the gradual implementation of the new management structure that is expected to contribute to the further development of the Company in the following years, and the full year effect of IFRS 16.
Commenting on the financial results, the Chairman of the BoD and Managing Director of ThPA S.A., Sotirios Theofanis, stated: «The Company showed an upward trend in 2019, marking an increase at the throughput of containers and conventional cargo of 5,7% and 19% respectively, compared to 2018 and continues fully dedicated and committed to its planning and strategy, with the primary objective of establishing its position both in the domestic market and in the markets of neighboring countries, despite the difficulties caused by the spread of COVID-19 pandemic at international and domestic level. Source: ThPA S.A.