testata inforMARE
Cerca
03 May 2025 - Year XXIX
Independent journal on economy and transport policy
10:46 GMT+2
LinnkedInTwitterFacebook
FORUM of Shipping
and Logistics


Special Interest Group on Maritime Transport and Ports
a member of the WCTR Society

INTERNATIONAL WORKSHOP
Genoa - June 8-10, 2000



The Economic Value of the Port of Cork to Ireland in 1999: An Input-Output Study*


Richard Moloney
Department of Economics
National University of Ireland, Cork
Cork, Ireland
+353-21-902659
+353-21-4273920 (fax)
rjpmoloney@eircom.net

William Sjostrom
Department of Economics
National University of Ireland, Cork
Cork, Ireland
+353-21-902091
+353-21-4273920 (fax)
w.sjostrom@ucc.ie



Version: June 2000


* This study is based on a report carried out by the authors for the Port of Cork Company (Moloney and Sjostrom 2000). The views expressed in this paper do not necessarily represent the views of the Port of Cork Company, its directors, or its staff. We would like to thank Raymond Burke, KPMG, and Sean Geary, Pat Keenan, and Tony O'Leary of the Port of Cork Company. All tons are metric tons. The calculation of all impacts was done using the software package GRIMP (West, 1993) All values were re-priced to 1993 values in order to use the input-output tables to calculate the required multipliers. Crew on ferries are not included due to lack of data.


Abstract

This paper is developed from a report commissioned by the Port of Cork Company (Moloney and Sjostrom, 2000). The paper provides an assessment of the contributions made by the Port of Cork to the Irish economy in 1999. The study provides an estimate of the total contribution to Ireland of the Port of Cork, both in expenditure and employment, and the directcontribution of the various activities at the Port of Cork.

After giving a background to the Port of Cork's business, we describe the methods used in the study. In particular, we explain the direct contribution, the indirect contribution and the overall contribution of cruise liner traffic. We then give a detailed breakdown of the estimated amount of expenditure generated by various activities at the Port of Cork.

Nearly 100% of Irish trade by volume and 90% by value is transported through the country's ports. Because Ireland has no direct land links, these figures are significantly higher than other European Union countries. The study quantifies the direct as well as indirect and induced economic contributions of this traffic.

The findings are based on the input-output Table of Ireland, as well as interviews and data supplied by the Port of Cork Company and other companies using the port.

We show that the total contributions of all activities at the Port of Cork for 1999 are expenditures of €334.61 million and 4225 full-time equivalent jobs. This is broken down as €24.61 million in current expenditure by the Port of Cork and 330 full-time equivalent jobs, €21.98 million in capital expenditure and 293 full-time equivalent jobs, €117.77 million by other companies operating through the Port of Cork and 1436 full-time equivalent jobs, and €170.22 million in expenditure by tourists arriving on ferries and cruise liners and crew of the ships visiting Cork and 2166 full-time equivalent jobs.

The direct contributions of all activities at the Port of Cork for 1999 are expenditure on locally produced goods and services totaled €176.01 million and 886 full-time equivalent jobs. This is broken down as €13.28 million in current expenditure and 124 full-time equivalent jobs, €13.46 million in capital expenditure, €56.96 million by other companies operating through the Port of Cork and 762 full-time equivalent jobs, and €92.31 million by tourists arriving on ferries and cruise liners and crew of the ships visiting Cork.


1. INTRODUCTION

This paper examines the contribution of activities at the Port of Cork to Ireland. It is based on a survey of expenditure and employment by the various providers of services in the Port of Cork area during the year 1999. This spending is analyzed in an input-output framework, using the input-output tables for Ireland in 1993 (CSO, 1999a). The input-output model enabled the authors to measure the direct, indirect and induced effects of this spending on the Irish economy.

This paper is related to Donnellan and Moloney (2000), which established the economic value of the Port of Cork's cruise liner traffic. More generally, Garhart and Moloney (1994) survey the use of input-output techniques in Ireland, and Miller and Blair (1985) review the use of input-output techniques more generally.

Because Ireland is an island, ports play an important role in its economy. Nearly 100% of trade by volume and 90% by value is transported through Irish ports. Because Ireland has no direct land links, these figures are significantly higher than other European Union countries. Ports provide the interface between two modes of transport - waterborne and land-carried freight and passengers.

The Port of Cork is Ireland's second largest port. Its trade comes from a wide area of the country, as far north as County Mayo, from the East Coast and from Northern Ireland. Internal Port estimates indicate that port traffic grew by 8.9% in 1998 and decreased by 3.8% in 1999. In 1998 the Port handled 8,895,000 tons of cargo, consisting of 5,431,000 tons of imports, 2,611,000 tons of exports, and 853,000 tons of coastal trade (CSO, 1999b). In 1999, the port handled 5,496,000 tons of imports, 2,313, tons of exports and 781,000 tons of coastal trade.

Other than Dublin, Cork is the only Irish port with the capability to handle all five shipping modes: lift-on lift-off, roll-on roll-off, dry bulk, liquid bulk and break bulk. Services are available throughout the harbor area with public docking facilities provided at the City Quays, Ringaskiddy, Tivoli, and Cobh.

In recent times, subventions from the European Union Structural and Cohesion Funds, as well as substantial private investment, have contributed to a wide range of upgrades and extensions to the facilities offered by the Port of Cork. In 1999 the Port of Cork spent €13.46 million on capital investment. Of this expenditure €3.0 million (22.6%) was contributed in the form of European support.

The remainder of the report is divided into 6 sections. Section 2 gives a background to the Port of Cork's business. The major areas in which the Port of Cork has impacts are highlighted. Section 3provides a description of the techniques used in this study. Section 4details the breakdown of the estimated amount of expenditure generated by various activities at the Port of Cork. The various estimates of the contributions of the Port of Cork are provided. Type I and Type II multipliers are also reported. Section 5presents the conclusion to the report.


2. BACKGROUND TO THE PORT OF CORK

This section provides a brief description of the Port of Cork's activities and influences on the Irish economy. The Port of Cork itself employs more than 124 workers directly. As well as these employees, many other companies are involved in operating ships and handling cargoes. These companies include truck drivers, crane drivers, railroad employees, dock and warehouse workers, and tugboat crews. For example, the Port of Cork Yearbook 1998/99 lists 47 companies acting as shipping agents, forwarding agents and stevedores.

There are four main facilities operated by the Port of Cork.

  • City Quays, which for centuries handled the bulk of the Port's traffic. In recent years, large volumes of this work have been transferred to other port facilities but these quays still continue to handle 780,000 tons per year.
  • Tivoli Industrial and Dock Estate, which handles the Port's container traffic, as well as shortsea car carriers, bulk liquids, livestock and ore concentrates.
  • Ringaskiddy offers a range of deepwater and specialist port facilities, including roll-on roll-off, dry bulk and bulk liquid facilities. This area offers an infrastructure base to attract foreign direct investment into the area.
  • Lower Harbor Quays contain many privately owned quays, including the Whitegate oil refinery. In addition to the private facilities, Cobh Deepwater Quay is also situated in the lower harbor.

Other operators at the Port include ship owners, companies and their agents that use the Port of Cork to export their products and import raw materials. Among the more prominent within the Port's immediate region are:

  • Scheduled Lift-on lift-off Services including HKCIL, EUCON, BG Freightline and Rheintainer Linie/Seawheel Ireland. These companies generate business not only for the Port but also in the road and rail transport areas.
  • Scheduled Roll-on Roll-off and Car Ferry Services include Swansea Cork Ferries, Brittany Ferries and Grimaldi Euro-Med. These generate indirect impacts through use of transport facilities and the spending of tourists arriving by ferry.
  • Cruise Liner Traffic: In recent years there has been increasing cruise liner traffic to the Port of Cork, arriving mainly at the dedicated facilities in Cobh. These operations generate impacts through passenger and tourist spending.
  • Stevedoring Companies.

Other port users include those businesses that make significant use of the waterborne commerce for shipping or receiving goods. The Port of Cork is now Ireland's premier deepwater port. The availability of this resource has attracted a wide range of industry to the greater Cork region. These include power generation, fertilizer manufacture, chemical plants, oil refining, offshore gas and oil servicing, and steel manufacturing. Many of these users of port facilities are based in the port area.


3. TECHNIQUES

This section provides a brief description of the input-output modelling techniques used in this study. Miller and Blair (1985) offer a more thorough treatment. The conventional interpretation of input-output is of models characterised by unemployment and excess capacity, that is a passive supply framework, imperfect competition and a short-run focus. Input-output assumes fixed relative prices, or zero response to changes in relative prices. There is no simultaneous calculation of prices and quantities.

An input-output model is one in which inter-industry linkages are explicitly specified, described by the United Nations Statistical Office (1968: 7) as:

a theoretical scheme, a set of simultaneous linear equations in which the unknowns are the levels of output of various branches, and in which the parameters are empirically estimated from the information contained in the input-output table.

Central to the use of input-output models is the assumption that input demand is a fixed proportion of total output. Any increase in total output will lead to a specific increase in each input category used in the production of that output. The technical coefficient for any sector (aij) gives the input required from sector i to produce a unit increase of sector j's output.

(1) aij = zij/Xj

where

zij = total output from sector i used as an input in sector j

Xj = total output of sector j.

An input-output model is based on the use of data organised in the form of an input-output table. This table provides a picture of the structure of an economy at a given time. The table itself is useful as a data source, independent of the technological assumptions used to motivate a Leontief model.

An input-output table describes the various flows of inputs into the productive process and matches these with outputs which are consumed in final demand. It represents the productive structure of an economy at a given point in time. The table shows the inter-industry transactions, the final demand, and the primary input sections.

Taking a flow of intermediate goods from sector i to sector j as zij, production in sector i as Xi, the price of output in sector i as Pi and final demand for output from sector i as Fi, then the value of output produced by sector i is

(2) PiXi = SjPizij + PiFi

Substituting equation 1 into equation 2 gives

(3) Xi = SjaijXi + Fi

Equation 3 indicates that total output is the sum of products for intermediate use and output which is consumed in final demand. It is the ith row of the matrix equation

(4) X = AX + F

A represents the matrix of technical coefficients aij, X represents the matrix of gross output and F represents the matrix of final demands from domestic and foreign institutions.

Equation 4 can be solved for X giving

(5)X = (I - A)-1F

The input-output model and solution shown above assume that the final demand sector is exogenous to the system and there is no feedback into final demand after the initial stimulus. This type of structure, which we use, is called an open input-output model.

Expenditures at the Port of Cork are treated as augmenting the final demand matrix. The X matrix is a 39x1 matrix, with each row representing an industry in the NACE classification. Expenditures at the port were assigned to an industry on the basis of confidential interviews with Port officials and firms at the port.

Three impacts were calculated.

(i) The Direct Contribution

The direct contribution to a region or country represents the impact of the spending by the operators at the Port of Cork on goods and services produced in the Ireland.

(ii) The Indirect Contribution

Indirect Contributions are those which occur when local suppliers to businesses in receipt of expenditure in turn purchase goods and services to meet demand.

(iii) The Induced Contribution

Induced Contributions refer to the additional consumer expenditure that takes place when the income generated from the direct and indirect contributions is in turn spent.

For both indirect and induced contributions, these effects will be higher when leakages from the economy are lower - in other words, when the expenditure on imports from outside the country or region under analysis are lower.

The sum of the direct, indirect and induced contributions, described above, represents the overall contribution of cruise liner traffic. These contributions may be expressed both in absolute terms and in terms of multipliers for output (i.e. purchases of inputs), income and employment. The total contribution of cruise liner passengers can thus be expressed in terms of money and jobs.

Once the absolute contributions are estimated the direct, indirect and induced multipliers are obtained. From these multipliers two other multipliers are calculated Type 1 multipliers reflecting the direct and indirect impact and Type 2 multipliers which represent the induced impact in addition to the direct and indirect impacts. The type 2 multiplier indicates that the overall impact expenditure on the region or country.


4. ECONOMIC CONTRIBUTIONS OF THE PORT OF CORK

This section details the contributions of the Port of Cork in 1999. The contributions are given under various headings:

  • Port of Cork Company operations;
  • Industries operating at the Port;
  • Shipping companies using the port; and
  • The shipping agents.
  • Tourist and related spending
4.1 Contribution of Port of Cork Company Operations

In order to assess the direct impact of the Port of Cork operations the authors obtained from the Port of Cork a detailed break down of its expenditure for 1999. These expenditures were applied to the input-output Model. The data requested included total expenditure on goods and services, employment, wages and salaries and expenditure on capital.

Table 1 presents the direct expenditure by Port of Cork on Irish goods and services and on wages and salaries in 1999. Total expenditure was €26.74 million, of which €13.28 million (49.7%) was spent on current expenditure and €13.46 million (50.3%) was spent on capital investment. Of the current expenditure, €5.47 million (41.2% of total current expenditure) was spent on goods and services, and the remaining €7.81 million (58.8%) was spent on wages and salaries.

Table 1: Summary of Port of Cork Direct Expenditures and Employment -1999

Expenditure ( millions)
Current Expenditure
13.28
Capital Expenditure
13.46
Total Expenditure
26.74
Employment
Total
124

The overall contribution is reported in Table 2. Using details of the magnitude of the initial injection in conjunction with the input-output model, it is possible to estimate the magnitude of the direct, indirect and induced contributions.

Table 2: Economic Impacts of Port of Cork Company Current Expenditure

Type of Contribution Expenditure in Ireland
(€ millions)
Multipliers Employment (FTEs)
Direct
13.28
1.00
124
Indirect
7.57
0.57
133
Induced
3.76
0.28
73
Overall Contribution
24.61
----
330
Type I
----
1.57
----
Type II
-----
1.85
----

Collectively the direct, indirect and induced contributions represent the overall contribution to Ireland. The overall contribution is in terms of money and jobs.

The total current expenditure of €13.28 results in an injection of €9.36 million into the country when account is taken of leakages to the rest of the world. When the multiplier effects are traced through the model, the overall contribution is €20.68 million. In terms of employment, the direct effect of the Port of Company expenditure supports 124 jobs with the overall contribution representing 330 jobs.

Based on the absolute values shown in Tables 1 and 2, the corresponding multipliers are calculated and reported in Table 2. As well as the indirect and induced multipliers, Type 1 multipliers reflecting the direct and the indirect impact are shown along with Type 2 multipliers which represent the induced impact in addition to the direct and indirect impacts. The Type 2 multiplier indicates that the overall impact of the expenditure on the country is 1.85 times the initial injection.

Table 2 reports the GNP multipliers for the direct current expenditure in Ireland. The type I multiplier which includes the direct and the indirect impact is 1.57 and the Type II multiplier which includes the direct, indirect and induced impacts is 1.85.

Over the years the Port of Cork Company has consistently invested in the updating its facilities. Table 3 gives the total value of this spending for Ireland.

Table 3: Economic Contribution of the Port of Cork Company's Capital Expenditure (1999)

Type of ContributionExpenditure (£m) MultiplierEmployment
Direct
13.46
1.00
------.
Indirect
6.13
0.46
201
Induced
2.39
0.18
82
Overall Contribution
21.98
----
293
Type I
----
1.46
-----
Type II
-----
1.64
-----

In 1999 the Port of Cork Company spent €13.46 million on capital expenditures. Of this total 54% (€7.26 million) was spent in Ireland. The total impact of this expenditure was €15.78 million and 293 full time equivalent jobs. As these expenditures are once of impacts their overall contribution are less long lasting in terms of measurements in this study. Also capital expenditure tends to vary greatly from year to year. For example in 1998, the Port of Cork Company spent €3.53 million. This expenditure was only 26% of the 1999 level.

As with current expenditure, the GNP multipliers for the direct spend in the country are also provided in Table 3. The type I multiplier is 1.84 and the Type II multiplier is 2.16.

The overall impact of the Port of Cork company on the Irish Economy is €46.59 million and 629 FTE jobs. The aggregate Type I multiplier is 1.51 and the Type II multiplier is 1.74.

4.2 Contribution of Industrial Users of the Port of Cork

The overall contribution of the Port of Cork Company to the Irish economy is only one of the contributions related to port activities. As discussed earlier, a large number of related companies operate at the port and incur expenditures independently of the Port of Cork Company.

The various port users who have direct expenditures operating at the port were surveyed. Only that portion of a company's expenditure and employment used in their operations at the Port is included. These estimates were obtained by interviewing various companies operating at the Port. The types of users reported in this section are the industries operating at and through the Port and private piers in the harbor region, and the shipping agents. These estimates include stevedoring and dock workers.

The Port users employ 762 full-time equivalent employees, and spend €56.96 million on their Port operations on Irish goods services and wages and salaries. Of this €18.98 (33.3%) is spent on wages and salaries. We estimate from our surveys that 65% of this expenditure is on Irish goods and services. These direct expenditures are used to calculate total impacts.

Using these estimates of expenditure, the total contribution of these companies to the Irish economy was calculated. These contributions are provided in Table 4. The total impact of these operations is €117.77 million. Of this total contribution €56.96 million is directly related to the various companies' operations. The balance of €60.81 million is the total of the indirect and induced activities. Overall employment related to the activities of port users is 1436 full time equivalent jobs, 762 directly and the balance due to indirect and induced activity. The indirect, induced, Type II and Type II multipliers are also reported.

Table 4: Summary of Total Contribution Port Users' Expenditures and Employment - 1999

Type of ContributionExpenditure (€m) MultipliersEmployment
Direct
56.96
1.00
762
Indirect
40.44
0.71
435
Induced
20.37
0.36
227
Overall Contribution
117.77
----
1436
Type I
----
1.71
----
Type II
----
2.07
----

4.3 Contribution of Tourist Expenditures - 1999

An estimated 226,000 foreign tourists used the Port of Cork as an entry or exit point in 1999. Of this total 16,000 (7.1% of the total) arrived on cruise liners. Of the remainder 140,000 (61.9%) were foreign tourists arriving on the various ferries operating out of the Port of Cork. In 1997 the Port of Cork company published a report by Donnellan and Moloney (1997) estimating the value of cruise liner business. This study, updated with the 1993 input-output Tables (CSO, 1999a), is used to estimate the value of this type of tourist expenditure in 1999. Figures supplied by Bórd Fáilte are used to estimate the direct spending of the remainder of the tourist traffic.

Table 5: Aggregate Expenditure by Cruise Passenger, Ferry Passenger and Crew - 1999

Passengers
Million
Cruise
4.53
Ferry
59.55
Crew
1.10
Total
65.19

Table 5 provides estimates of direct value of expenditure in 1999. The total expenditure by each category of tourist is provided. Donnellan and Moloney (1997, 2000) showed that cruise liner tourists had higher and distinct spending patterns compared to the spending patterns of other tourists. This is illustrated by the fact that although tourists from cruise liners only spent on average 1 day in Cork, their per capita spending was approximately €283. Other tourists arriving by ferry transport are estimated to spent €425 per capita on their holidays. Spending by crew members from cruise liners is estimated as €47 per capita. Total spending by tourists on goods and services was €65.19 million. Tourists arriving on the various ferries using the Port of Cork accounted for approximately 91.4% of this spending. This illustrates the importance of maintaining these services to the region and country.

Table 6 provides estimates of the total contribution made to the country through expenditures incurred by ferry and cruise liner visitors and by crew members using the Port of Cork as their access point in 1999.

The overall contribution is €120.13 million and 1521 full-time equivalent jobs. This level of contribution to the tourist industry indicates the importance of maintaining and maximizing this type of traffic for the port region. The Type I multiplier is 1.58 and the Type II multiplier is 1.84.

Table 6: Economic Contribution Ferry and Cruise Liner Tourist Expenditure - 1999

Type of Contribution
Purchases (€ millions)
Multipliers
Employment
Direct
65.19
1.00
-----
Indirect
37.81
0.58
1065
Induced
17.13
0.26
456
Overall Contribution
120.13
----
1521
Type I
----
1.58
----
Type II
----
1.84
----

5. CONCLUSION

Although the various categories are not strictly aggregatable they are approximately so. The results indicate the actual and potential substantial benefits both financial and in employment to the Irish economy. The total contribution of the Port of Cork is approximately €284.48 million in 1999 and the total employment linked to these operations is 3580 full time equivalent jobs.

Quite apart from the importance of the Port of Cork to the economy as outlined above, the Port can act as a catalyst for development. The port of Cork should be seen as a generator of economic activity in its own right. The Port can be used to maximise the exploitation of infrastructure investment, reduce transportation costs between linked industrial processes, develop and make economical use of a pool of skilled workers, and provide marketing concentration.


REFERENCES

Central Statistics Office (1999a). Input-Output Tables for 1993, Stationery Office, Dublin.

Central Statistics Office (1999b). Statistical Release, Stationery Office, Dublin (October).

Deane, B. and E.W. Henry (1993). "The Economic Impact of Tourism," The Irish Banking Review (Winter): 35-47.

Donnellan, T. and R. Moloney (1997). The Economic Value of the Port of Cork's Cruise Liner Traffic to the Economy of Cork, Kerry and Waterford. Report commissioned by Port of Cork Company.

Donnellan, T. and R. Moloney (2000). "Tourist Expenditure - A Comparative Study of National and Regional Impacts: Case Study of the Port of Cork's Cruise Liner Traffic," paper presented at the Fourteenth Annual Conference of the Irish Economic Association, Waterford, 2 April.

Garhart, R. and R. Moloney (1994). Irish Input-Output: A Survey, UCC Department of Economics Working Paper Series 94-5.

Garhart, R., R. Moloney, E. O'Leary and T. Donnellan (1997). An Input-Output Model of South-West Ireland: A Preliminary Report, Department of Economics Working Paper Series 97-3.

Leontief, W. (1936). "Quantitative Input-output Relations in the Economic System of the United States." Review of Economics and Statistics 18 (3): 105-125.

Leontief, W. (1941). The Structure of American Economy: 1919-1929 New York: Oxford University Press.

Miller, R. and P. Blair (1985). Input-Output Analysis: Foundations and Extensions Englewood Cliffs, New Jersey: Prentice-Hall.

Moloney, R., W. Sjostrom, and R. Burke (2000). The Economic Contribution of the Port of Cork to the Irish Economy, Report commissioned by the Port of Cork Company.

Port of Cork (1997). Corporate Plan, 1997-2001, Port of Cork.

Port of Cork (1999). Yearbook 1998/1999, Port of Cork.

United Nations Statistical Office (1968). A System of National Accounts, Series F, No.2, Rev.3, New York: United Nations.

West, G. (1993). Input-Output Analysis for Practitioners: An Interactive Input-Output Software Package- User's Guide, Department of Economics, University of Queensland, Australia.

›››File
FROM THE HOME PAGE
In the first quarter of 2025, maritime traffic in the Bosphorus Strait decreased by -7.5%
In the first quarter of 2025, maritime traffic in the Bosphorus Strait decreased by -7.5%
Ankara
A total of 9,351 ships passed through
Tender for the expansion and technological modernization of Gate IV of the Port of Trieste
Trieste
It is related to the technical and economic feasibility design of the project
Mediterranean Emission Control Area for Sulphur Oxides Comes Into Force Tomorrow
Brussels
Norwegian Cruise Line Holdings Reports Quarterly Net Loss of -$40.3 Million
Norwegian Cruise Line Holdings Reports Quarterly Net Loss of -$40.3 Million
Miami
In the first three months of this year, revenues fell by -2.9%
DSV Completes Acquisition of Schenker
Hedehouse
In the first three months of this year, the Danish logistics group's operating result increased by +17.5%
Hapag-Lloyd expects to close the first quarter with very positive performance
Hamburg
ONE closed fiscal year 2024 with net income of $4.2 billion (+336%)
ONE closed fiscal year 2024 with net income of $4.2 billion (+336%)
Singapore
In the period the container fleet transported 3.1 million TEU (+2.3%)
In the first quarter, the revenues of the Chinese shipping group COSCO grew by +20.1%
In the first quarter, the revenues of the Chinese shipping group COSCO grew by +20.1%
Shanghai
The fleet transported 6.5 million containers (+7.5%)
In the last quarter of 2024, Eurokai port terminals handled over 3.2 million containers (+9.4%)
Hamburg
In Germany, traffic was 1.9 million TEU (+14.0%) and in Italy 443 thousand TEU (+7.9%)
OOIL orders 14 new 18,500 teu containerships
Hong Kong
Dalian, Nantong shipyards win $3.1 billion contract
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
Chinese ports set new cargo throughput record for January-March quarter
Chinese ports set new cargo throughput record for January-March quarter
Beijing
In the period, seaports handled 73.1 million containers (+8.3%)
Passenger terminal completed at Rizzo dock in Messina port
UPS closed the first quarter with a net profit of 1.2 billion dollars (+6.6%)
Atlanta
Revenues down slightly following sale of Coyote Logistics
Second Large Cruise Ship Built in China Launched
Shanghai
It will join the Adora Cruises fleet at the end of 2026
Uiltrasporti underlines the need to keep Italian ports under public control
Rome
The liner shipping industry contributes substantially to the U.S. economy.
Washington
This is highlighted by an analysis carried out by S&P Global Market Intelligence on behalf of WSC and PMSA
Toll worsens from explosion in Iranian port of Shahid Rajaee
Tehran
It caused 46 deaths and injured over 1,200 people
Tender for concession of container terminal at Ukrainian port of Chornomorsk to be announced by mid-year
Kiev
The management will include the general cargo terminal
Wärtsilä's first quarter is positive
Helsinki
New orders value growth slows
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
CEVA Logistics (CMA CGM group) will buy the Turkish Borusan Lojistik
Istanbul/Marseille
Transaction valued at $440 million
ESPO: The EU Parliament's Budget Committee's request for more funding for transport, energy and infrastructure is welcome
Brussels
The importance of financing TEN-T networks to enable their adaptation for both military and civilian dual-use purposes was highlighted
Solidarity contribution for the families of port workers who are victims of accidents at work
Rome
It was established by the National Bilateral Port Authority
Bureau Veritas Marine & Offshore Division Reports Record Quarterly Revenue
Neuilly-sur-Seine
New historical peak also for the classified fleet
PSA reportedly considering selling its 20% stake in Hutchison Ports
Singapore
This is according to "Reuters", which had already floated this hypothesis at the end of 2022
Federagenti, Italy must give a sharp acceleration to the projects of ZES, free zones and Special Logistics Zones
Rome
Pessina: There is no space for reflections prey to bureaucracy
In the first quarter of this year, freight traffic in the port of Rotterdam decreased by -5.8%.
Rotterdam
Both disembarkation (-3.1%) and embarkation (-11.9%) loads are decreasing
Increase in container cargo is not enough for the port of Antwerp-Bruges to avoid a -4.0% decline in quarterly traffic
Antwerp
The decline in liquid bulk cargoes worsened (-19.1%)
The China Shipowners' Association considers the measures taken by the US against Chinese ships a typical example of unilateralism and protectionism
Beijing/Washington
The WSC reiterates that such measures could undermine American trade, harm U.S. manufacturers, and undermine efforts to strengthen the nation's maritime industry.
COSCO Expresses Strong Opposition to US Planned Taxes on Chinese Ships
Shanghai
They distort fair competition - the Shanghai group denounces - and hinder the normal functioning of shipping
Growing share of new entrants in European rail transport sector
Madrid
In 2023, rail freight transport performance decreased by -8%
New Chinese Ship Taxes That Will Only Raise Prices for Americans
Washington
The executive vice president of the US Chamber of Commerce denounced it
Tax amounts set for China-linked vessels arriving at US ports
Washington
Calculated on the basis of net capacity or container volume, they will be applied from October and will be progressively increased
International tender launched to award concession for new Casablanca port shipyard
Casablanca
It is the largest in Africa and has been unused since 2019
Federlogistica, the industry must stop approaching logistics only in terms of costs
Genoa
Falteri: a national control room composed of representatives of the logistics sector and industrial groups is necessary
ABB closes positive first quarter even if revenue growth is lower than expected
Zurich
Wierod: Our consolidated local-for-local approach protects us from the trade war
New global minimum wage deal for seafarers
Geneva
The level will rise to $690 from January 1, 2026 to reach $704 from 2027 and $715 from 2028.
Global trade in goods could fall by -1.5% this year
Geneva
WTO predicts. Okonjo-Iweala: Persistent uncertainty threatens to slow global growth, with serious negative consequences for the world
In 2023, around two-thirds of all goods moved in the EU were transported by sea.
Luxembourg
In the period 2013-2023, only the share of road transport increased, while that of other modes decreased.
Postal shipments of goods from Hong Kong to the US suspended
Hong Kong
Hongkong Post faces exorbitant and unreasonable tariffs due to unjustified and intimidating actions of the United States
Confitarma highlights the need for the decarbonisation strategy not to penalise shipping compared to other modes
Rome
Zanetti: also ensure that the implementation process takes into account the operational needs of the industry
Intercargo and Intertanko raise concerns over shipping decarbonisation deal
London
The complexity of the measure adopted by the IMO and the unusual procedure from which non-governmental organizations were excluded were highlighted
Pirate attacks on ships to spike in first quarter of 2025
Pirate attacks on ships to spike in first quarter of 2025
London
Sharp increase in incidents in the Singapore Straits
Interferry welcomes IMO agreement on decarbonisation of shipping, but finds strategy too complex
Victoria/Piraeus
Greek Shipowners' Association disappointed by failure to recognise essential role of transition fuels such as LNG
International Labour Organization Recognizes Seafarers as Key Workers
London
ITF and ICS: a historic moment
CMA CGM to acquire 35% of Egypt's October Dry Port
Cairo
The company operates a dry port in the industrial and logistics zone near Cairo
MSC Group's TiL to Take Full Control of Hutchison Ports Terminals
New York
Bloomberg reports this, specifying that the Panamanian terminals would be jointly managed with BlackRock
Draft regulation on decarbonisation of shipping approved by MEPC includes mandatory fuel standard and pricing of greenhouse gas emissions
London/Washington/Brussels
The establishment of a Fund to collect resources deriving from the pricing of emissions is foreseen
Task force of five associations for the relaunch of Italian rail cargo
Rome
Initiative by Agens, Assoferr, Assologistica, Fercargo and Fermerci
MIT indicates Matteo Paroli as new president of the ports of Genoa and Savona-Vado
Rome/La Spezia
The La Spezia port community also requests a name for the Eastern Liguria Port Authority
The 2024 final budget of the Central Adriatic Sea Port System Authority has been approved
Ancona
Green light from the Management Committee
RFI, tender awarded for maintenance and telecommunications enhancement works
Rome
Program worth approximately 180 million euros
Contract signed assigning CMA CGM the management of the container terminal at the port of Latakia
Damascus
Investments of 230 million euros expected in the first four years
Rizzo appointed extraordinary commissioner of the Strait Port System Authority
Messina
DHL Group revenues increased by +2.8% in the first three months of 2025
Bonn
Net profit of 830 million euros (+3.9%)
Purchase of area for new cruise terminal in Marghera completed
Venice
It is expected to become operational in the 2028 cruise season.
CMA CGM Completes Acquisition of Air Belgium
Marseille/Mont-Saint-Guibert
Mazaudier: Strengthen our air capacity with immediate effect
In 2024, 94.4 million tonnes of goods were transported on the Austrian rail network (+2.2%)
Vienna
31.8% of the total volume was achieved on routes longer than 300 kilometres
In the first three months of 2025, freight traffic in Albanian ports decreased by -1.8%
Tirana
Passengers also decreasing (-1.6%)
The final budget and the annual report 2024 of the AdSP of Sardinia have been approved
Cagliari
Pilot project for the unified issuing of port access permits for haulers
Interporto Padova's 2024 financial statements unanimously approved
Padua
Revenues up +7.3%
Redevelopment works underway at the agri-food hub of the port of Livorno
Leghorn
Works worth six million euros
Bluferries is ready to put the new ro-pax Athena into service in the Strait of Messina
Messina
It can carry up to 22 trucks or 125 cars and 393 people
Approved the financial statement for the financial year 2024 of the AdSP of the Ionian Sea
Taranto
424.8 million port works completed in the last decade
Kalmar reports lower quarterly revenue, higher new orders
Helsinki
In the first three months of 2025, net profit was 34.1 million euros (+2%)
Antonio Ranieri is the new maritime director of Liguria
Genoa
He takes over from Admiral Piero Pellizzari who was discharged from the service upon reaching the age limit
In the first quarter of 2025, China's CIMC recorded a 12.7% increase in container sales
Hong Kong
Revenues grew by +11.0%
Last year, the revenues of the Chinese group CMPort increased by +3.1%
Hong Kong
In the first three months of 2025, port terminals handled 36.4 million containers (+5.6%)
The financial statements of the AdSP of Western Liguria and the Central-Northern Tyrrhenian Sea have been approved
Genoa/Civitavecchia
Konecranes revenues increased by +7.7% in the first three months of 2025
Helsinki
343 million euros of new orders for port vehicles (+37.5%)
Kuehne+Nagel posts first quarter of growth
Schindellegi
The logistics group's net sales amounted to 6.33 billion Swiss francs (+14.9%)
Application by TDT (Grimaldi group) for the construction and management of 50% of the Terminal Darsena Europa in Livorno
Leghorn
The company has requested an extension of the duration of the current concession
In 2024, 58 million invested in the modernization of the ports of Livorno, Piombino and the island of Elba
Leghorn
The final budget and the annual report of the AdSP have been approved
In the first quarter the port of Valencia handled 1.3 million containers (+3.4%)
Valencia
Transhipment traffic decline
EIB advice to strengthen climate resilience of the ports of Volos, Alexandroupolis and Patras
Luxembourg
It will assist port authorities in identifying and managing climate risks
The Management Committee of the Central Tyrrhenian Sea Port Authority has unanimously approved the 2024 financial statement
Naples
SOS LOGistica will acquire the qualification of Third Sector Entity
Milan
The association currently has 74 members
In the first three months of 2025, freight traffic in the ports of Barcelona and Algeciras decreased
Barcelona/Algeciras
Hupac transfers intermodal service with Padua to Novara
Noise
Until now the other terminal was the one in Busto Arsizio
PSA SECH has operated the first 400-meter train at Parco Ferroviario Rugna
Genoa
Capacity up to 20 pairs of trains per day
The 2024 financial statement of the Eastern Liguria Port Authority was unanimously approved
The Spice
The war clearance preparatory to the expansion of the Ravano Terminal in La Spezia is nearing completion
The Spice
The AdSP has invested over 600 thousand euros in it
Francesco Rizzo appointed president of the AdSP of the Strait
Rome
He has repeatedly denounced the uselessness of the construction of the bridge over the Strait
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
US aircraft attack Yemeni port of Ras Isa
Tampa/Beirut
38 dead and over a hundred injured
In 2025 Stazioni Marittime predicts an increase in ferry and cruise traffic in the port of Genoa
MIT Mobility Report Highlights Rising Demand for Both Passengers and Freight
Rome
In the first quarter, cargo traffic in Russian ports decreased by -5.6%
St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
Milan
Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
In the first quarter of this year, container traffic in the port of Gioia Tauro grew by +15.5%
Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
Historic shipbuilding brands Uljanik and 3.Maj on the verge of extinction
Zagreb
The State confirms its intention to sell the shipbuilding activities at the two sites of Pula and Rijeka
Cambiaso Risso has completed the acquisition of the French Somecassur
Genoa
The transalpine company specializes in the insurance of super and mega yachts
New weekly train service between the port of Gioia Tauro and Verona
Joy Taurus/Verona
Operated by Medlog for the transport of refrigerated goods
EBRD looking for strategic partner for development of Moldovan river port of Giurgiulesti
London
International competition launched
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
It will take place at the headquarters of the Port Authority of Genoa
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Turkish ports set new first-quarter cargo traffic record
Ankara
Historic peak of cargo imported from abroad
In the first quarter of 2025, freight traffic in the port of Taranto grew by +37.6%
Taranto
Increase of 854 thousand tons of solid bulk and 265 thousand tons of conventional goods
DEME buys Havfram, a company that installs offshore wind farms
Second Right/Washington
Transaction worth approximately 900 million euros
Rail transport of convoys for Rome Metro started from Reggio Calabria
Rome
Contract awarded by Hitachi Rail to Mercitalia Rail
In 2024, the volumes handled by Magli Intermodal Service decreased by -2%
Rezzato
Turnover stable
Yang Ming records first decline in turnover in March after 14 months of growth
Keelung/Taipei
Evergreen and WHL revenue growth continues
The European Commission has approved the acquisition of Germany's Schenker by Denmark's DSV
Brussels
The impact on competition in the markets in which the two companies operate is considered limited
Fincantieri - Kayo Agreement to Promote the Development of the Shipbuilding and Naval Industry in Albania
Trieste
Possible creation of a hub for shipbuilding and refitting in the region
Recent slight reduction in logistics costs for new factory vehicles
Brussels
Montaresi (AdSP Liguria Orientale) awarded with the "Port Oscar"
Miami
The event has reached its eighteenth edition
In the first three months of 2025, containers carried by OOCL vessels increased by +9.3%
Hong Kong
Revenues up +16.8%
The AdSP of the Southern Tyrrhenian and Ionian Seas wins in appeal against Zen Yacht
Joy Taurus
Company ordered to pay back rent
A large shipment of cocaine was seized in the port of Livorno
Leghorn
Two tons of drugs identified by Customs and Financial Police personnel
Navantia renews agreement with American cruise group Royal Caribbean
Miami
To date, the Cadiz shipyard has carried out maintenance, repair and refurbishment work on 45 of the group's ships.
Record cruise traffic expected in Italian ports this year
Miami
Cemar believes that growth will not stop even in 2026
HII-HHI Agreement to Accelerate US and South Korean Naval Production
National Harbor
The aim is to strengthen the naval industrial base of the two nations.
Panama Ports Company Accused of Violating Terms of Concession Agreement
Panama
Panama's Auditor General announced the filing of criminal charges
Colombo West International Terminal has become operational
Ahmedabad
It has a traffic capacity of 3.2 million TEUs
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
The new multifunctional border control structure PCF - PED/PDI Point completed in the port of Gioia Tauro
Joy Taurus
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
MSC Group's new cruise terminal inaugurated in Miami
Miami
It can accommodate three large ships at the same time
In February, traffic in the port of Ravenna increased by +2.1%
Ravenna
Bulk cargo increases, miscellaneous cargo declines
In 2024, Ferrovie dello Stato Italiane recorded a net loss of -208 million euros
Rome
Revenues up by +11.7%. The group's freight transported increased thanks to the acquisition of Exploris
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio
No part may be reproduced without the express permission of the publisher
Search on inforMARE Presentation
Feed RSS Advertising spaces

inforMARE in Pdf
Mobile