Thessaloniki Port Authority

What Thessaloniki Port Authority does

Thessaloniki Port Authority S.A. (ThPA S.A.) is a Greek publicly listed port operator (Athens Stock Exchange ticker: ThPA / OLTH; ISIN: GRS427003009) that administers and exploits the Port of Thessaloniki under a 40-year concession from the Greek State extending to 2051. The company was established in 1999 under Law 2688/99, listed in 2001, and underwent a controlling-stake transfer to South Europe Gateway Thessaloniki (SEGT) Ltd in March 2018 (67% ownership, with 25.7% public free float and 7.3% held by the Hellenic Company of Participations and Property).

ThPA operates a diversified port services portfolio spanning container handling, conventional cargo handling, project and heavy-lift cargo, ferry connections to the Northeast Aegean, Cyclades, and Sporades Islands, cruise ship docking and homeporting, intermodal rail transport, customs/clearance services at the Sofia Dry Port, and port real estate and event space leasing. The port sits on the Core Network of the Trans-European Transport Network (TEN-T) and serves as a primary maritime gateway for the Balkans and Southeast, Central, and Eastern Europe. Underlying operations are supported by an in-house technology stack including the C.T.M.I.S. Container Terminal Management Information System (vessel scheduling, container tracking, overweight checks, and bookings), the TAS terminal appointment system, CTOS terminal operating system, BTX customs certificate platform, and an electronic invoice portal — together functioning as a port-community digital platform for carriers and freight forwarders.

Revenue is generated through transaction-fee pricing on each service line (container moves, conventional cargo tonnage, ferry and cruise calls, storage, parking, real estate, and intermodal rail). The company sells primarily through direct B2B enterprise relationships with shipping lines, ferry operators, cruise lines, and logistics providers, supplemented by participation in maritime industry events. As of FY2025, ThPA reported $107.4M in revenue, $50.5M EBITDA (47% margin), and $30.8M net income, with a multi-year expansion project underway to triple container capacity and reinforce its Eastern Europe gateway position.

Name

Thessaloniki Port Authority

Legal name

Thessaloniki Port Authority S.A.

Website

https://thpa.gr

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Thessaloniki Port Authority S.A. is a publicly listed Greek port operator that runs the Port of Thessaloniki under a state concession extending to 2051, providing container, conventional cargo, ferry, cruise, intermodal rail, and logistics services to shipping lines, ferry operators, cruise lines, and freight forwarders across the Balkans and Southeast/Central/Eastern Europe.

Ownership category

akta.pro rank

Product category

Port Operations and Intermodal Logistics Services

NAICS

Port and Harbor Operations (48831), Marine Cargo Handling (48832), Support Activities for Water Transportation (4883)

SIC

Water Transportation (4400), Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Container Terminal Operating Services & Management (Terminal Operator / Concessionaire) (TLAHAAAI)

akta.pro secondary industries

Ferry & Domestic Passenger Terminal Operations (TLAHAEAB), Passenger Terminal Facilities Management (Cleaning, Maintenance, Utilities) (TLAHAEAK), Port Operations Control Center / Port Call Orchestration (TLAHAFAI), Intermodal Drayage Coordination & Port/Rail Ramp Transfers (TLACAEAH)

Keywords

• Port operations
• Container handling
• Intermodal logistics
• Ferry services
• Cruise terminal

Headquarters

HQ city

Thessaloníki

HQ country

Greece

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Container Handling Services: Containerized cargo handling services at the Container Terminal, including loading, unloading, and storage of containers
2. Conventional Cargo Handling: Handling of conventional/non-containerized cargo including bulk and general cargo
3. Ferry Services: Ferry connections to Northeast Aegean, Cyclades, and Sporades Islands
4. Cruise Services: Cruise ship docking and homeporting services for international cruise lines
5. Logistics and Real Estate: Storage within/outside free zone, event spaces, parking areas, and real estate development within port premises
6. Intermodal Transport: Combined transport services including rail connections for multimodal freight movement
7. Project Cargo Handling: Specialized handling services for oversized and heavy project cargo
8. Temporary Customs Storage Services: Customs clearance and temporary storage services at Sofia Dry Port

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

ThPA S.A. administers and exploits the Port of Thessaloniki, providing port handling and terminal services (container handling, conventional cargo, project cargo), passenger terminal services (ferry connections to the Northeast Aegean, Cyclades, and Sporades Islands, and cruise ship docking and homeporting), intermodal rail transport, logistics and real estate development within port premises, event spaces and parking, and customs storage at Sofia Dry Port. The company backs these physical operations with digital platforms (C.T.M.I.S., TAS, CTOS, BTX, electronic invoicing portal) for vessel scheduling, container tracking, bookings and customs certificates.

Product overview

ThPA S.A. operates as a multi-gateway intermodal network and logistics solutions provider for the Balkans and Southeast/Central/Eastern European region. The port, with 2,300 years of history, is part of the Core Network of the Trans-European Transport Network. The company's service portfolio includes physical port operations (Container Handling, Conventional Cargo Handling, Project Cargo, Cruise, Ferry services) and ancillary services (Logistics & Real Estate, Event Spaces, Parking, Intermodal Rail Services, and Sofia Dry Port customs services). Digital offerings include C.T.M.I.S. (web portal for container tracking, vessel scheduling, and bookings), BTX platform (customs certificates), TAS (terminal appointment booking), CTOS system, and electronic invoice portal. The port is undergoing expansion to triple its container capacity.

Differentiator

Problem solved

Functional benefit

Products and services

• Container Handling Loading, unloading, storage and management of containerized cargo at the Port of Thessaloniki's Container Terminal, serving international shipping lines and freight operators.
• Conventional Cargo Handling Handling of conventional (non-containerized) cargo including bulk and general cargo at the port's conventional cargo terminal.
• Project Cargo Handling Specialized handling services for oversized, heavy-lift and project cargo requiring custom solutions at the port.
• Cruise Services Docking and homeporting services for international cruise ships at the Port of Thessaloniki.
• Ferry Services Ferry terminal operations for passenger ferry connections to the Northeast Aegean, Cyclades, and Sporades Islands.
• Logistics and Real Estate Development Storage within and outside the free zone and exploitation of port real estate for logistics purposes, supporting logistics operators and tenants within port premises.
• Event Spaces Rental and use of port facilities and spaces for events and corporate functions within the port area.
• Parking Areas Parking facilities available within the port area for vehicles using port premises.
• Intermodal Rail Services Combined/intermodal transport services connecting the port with rail networks for multimodal cargo transit.
• Temporary Customs Storage Services at Sofia Dry Port Customs storage services and procedures offered at the Sofia Dry Port location for border clearance.
• C.T.M.I.S. (Container Terminal Management Information System) Web-based portal providing container terminal information, vessel scheduling, container tracking, overweight checks, containers at the inspection area and booking (TAS) services for port users and partners.
• BTX Platform Platform for issuance of Certificate of Customs Status FZ/SA for customs clearance purposes.
• TAS (Terminal Appointment System) Booking system for appointments, primarily used by carriers for scheduling port visits.
• CTOS System Container Terminal Operating System for user registration and account management.
• Electronic Invoice Portal Portal for electronic invoicing services for conventional cargo customers.

Segments4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves11 records

Expansion highlights4 records

Broad incumbents

• PSA International: Singapore-headquartered global port operator with container terminals across Europe and the Mediterranean. Provides a benchmark for terminal operator scale, technology adoption and concession economics.
• APM Terminals: Maersk's terminal operating arm, with Mediterranean and European facilities. Directly comparable in container terminal operating services, vessel scheduling systems and intermodal offerings.
• DP World: One of the world's largest marine terminal operators with a portfolio spanning container, bulk and cruise terminals. Comparable in core container terminal operations and global shipping line relationships.
• COSCO Piraeus Terminal (PCT): The dominant container terminal operator at Piraeus, controlled by COSCO Shipping. Competes for the same Mediterranean/Eastern European container flows and shipping line relationships that drive ThPA's core container revenue.
• Hutchison Ports: CK Hutchison's global container terminal division, operating Mediterranean facilities including in Spain and the UK. Comparable in container handling technology, intermodal connectivity and shipping line contracts.

Regional players

• Port of Limassol (Cyprus Ports Authority): Eastern Mediterranean port operator with container, cruise and ferry services. Comparable in regional port business model and Mediterranean gateway positioning, but primarily serves a different hinterland.
• Port of Marseille Fos: Major French Mediterranean port with a similar multi-business model across containers, bulk, cruise, ferry and logistics. Competes for some of the same North-African and Western Mediterranean cargo flows rather than directly in Greece.

Direct peers

• Piraeus Port Authority: Greece's other publicly listed port authority, operating Piraeus — the country's largest container gateway. Directly comparable in business model (concessionaire port operator on the Athens Stock Exchange), customer base (international shipping lines), and regulatory structure (Greek port concession).
• Port of Barcelona (Autoritat Portuària de Barcelona): Mediterranean gateway port operating container, cruise, ferry and intermodal services with a similar diversified revenue model. Comparable size and TEN-T-equivalent status as a southern European trade gateway.
• Port of Genoa (Autorità di Sistema Portuale del Mar Ligure Occidentale): Italian Mediterranean port authority combining container handling, cruise, ferry and intermodal rail. Directly comparable in service mix and southern European gateway positioning competing for similar trade flows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ThPAS.A.-PortofThessaloniki
• Facebookfacebook.com/thpasa
• LinkedInlinkedin.com/company/thessaloniki-port-authority-sa-03p-
• Instagraminstagram.com/portofthessaloniki

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thessaloniki Port Authority