Piraeus Port Authority and North Adriatic Sea Port Authority sign MoU. Credit: Nikolaos Diakidis / Wikipedia.

The Piraeus Port Authority in Greece and the North Adriatic Sea Port Authority have signed a memorandum of understanding (MoU) to strengthen cargo flows between the two ports.

The Ports of Venice and Chioggia are overseen by the North Adriatic Sea Port Authority.

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Under the terms of the MoU, the two parties propose to establish mutual cooperation to develop their ports and services.

This would support infrastructural connectivity policies and port services to improve the commercial flows between Europe, the Mediterranean, and the Far East through the two ports.

Piraeus Port Authority CEO Fu Chengqiu said: “Τhe port of Piraeus, the largest port of Greece and the Eastern Mediterranean, is an ideal hub between Asia and Central & Eastern Europe.

“The Piraeus port, with its ongoing investment plan, aims within the next years to contribute to the growth of the local and regional economy by developing almost every aspect of the shipping and maritime industries, including containers, shipyards, logistics, cruise and ferries.”

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“The MoU aims to improve the exchange of best practices and know-how in port management.”

The MoU aims to improve the exchange of best practices and know-how in port management.

Both the ports serve as fundamental networks in the upcoming international maritime connections along the new Silk Road.

North Adriatic Sea Port Authority president Pino Musolino said: “Through this agreement, which is coupled with the other recently signed with COSCO SHIPPING for a weekly connection Piraeus-Venice, we want to clearly show that the development of trades primarily requires commercial agreements, optimisation of services and targeted infrastructure interventions.”