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01 July 2025 - Year XXIX
Independent journal on economy and transport policy
19:19 GMT+2
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FORUM of Shipping
and Logistics


The Dry Bulk market
in 2000

The year 2000 has been one to remember. After two difficult years, this year has been witness to remarkable rate increases achieving levels that had not been seen for five years. Almost all sectors of the shipping industry have seen the same story except chemical, ro-ro and reefer ships.
 
The freight market

top

In dry cargo, all sizes have reaped the benefits. Within one year the Baltic Dry Index has recorded an increase of 23 % (a rise which began in-mid 1999) after a high of 30 % in November. The rise of the Panamax index has been more modest (15 %), in line with that of the Handymax (17 %). The time-charter 12 month rates have gone from an average daily rate of $ 7,600 in 1998 to $ 7,300 in 1999 to reach $ 11,300 in the year 2000, i.e. 47 % increase. The Handymax vessels have seen their revenues increase by 30 % during the period, from $ 7,600 in 1998 to $ 7,300 in 1999 to $ 9,600 daily average in 2000. As to the Capesize, they have seen the most spectacular rise as after two years averaging around $ 10,000 they have seen an average return of $ 20,000 per day this year.

capesize freight rates

panamax freight rates

handymax tc rates
 

The fleet 

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These figures should be taken in the context of the world fleet statistics on the one hand and the world trade figures on the other.

An analysis of the fleet shows a net reduction in numbers of deliveries compared with previous years. Fourty-one Capesize have been delivered in 2000 (around 6 million dwt), 62 Panamax (4.6 million dwt) and 92 Handysize (3.4 million dwt). However it is interesting to note that the fleet, all sizes combined, did not increase during the 1998-1999 period. Taking into account a very low level of scrapping, the Capesize and Panamax size fleets have increased by only about 6 % in 2000 and a modest 2 % in the Handysizes.

Contrary to this, the number of deliveries for 2001 and to a lesser extent for 2002 is likely to have a greater impact on the markets in the months / years to come with 34 Capesize (5.4 m. dwt), 108 Panamax (8 m. dwt) and 167 Handysize (7 m. dwt) being delivered next year. In this respect the age structure of the present fleet leaves little hope of an adjustment by demolition.

bulk fleet
 

The demand 

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According to the World Trade Organisation, world trade during 2000 has risen by more than 10 % (the highest rate in the last 10 years) due primarily to a strong uptake of activity in western European countries and Asia. Still according to the WTO, world trade for 2001 should grow at a slower pace but still in excess of the 6.5 % average seen over the last 10 years.

Prices of commodities have been increasing since 1999 (notably oil) and this trend has continued during 2000. The iron ore and steel trades which had lost 10 % of their value in 1999 compared with 1998 have seen an increase in demand and consequently in prices this year.

China has been the first beneficiary from the recovery of the Asian economies and has had excellent results on the exports side in particular with steam and coking coal to India which has become their first importer but also to South Korea and Japan. The Asian dragons have more or less overcome the effects of the 1997-98 crisis and have seen a healthy internal demand (although remaining fragile). Since the first quarter of 2000, Indonesian coal exports to Europe have increased by 5 % compared with the first quarter of 1999.

Due to restrictions in Indonesian ports, Panamax and Handysize vessels have been the first to profit.

The United-States and Europe have continued to see a strong internal demand. The sharp rise in oil prices has most likely had the effect of increasing coal demand which has resulted in a growth of Australian, South-African and Colombian exports whilst American exports have decreased by 15 % during the first 9 months of the year.

There have been similar developments in bulk iron ore cargoes particularly Brazilian exports. According to industry sources about 440 million tons of iron ore were shipped in 2000, some 30 mt more than in 1999 (as a reminder, one Capesize vessel transports about 1.3 mt per year). Predictions for the next five years have iron ore shipments up by 6.5 % to reach 470 mt by 2005.

European crude steel production, according to IISI (International Institute for Steel Industry), increased from 155 mt in 1999 to 163 mt in 2000. American production increased from 96 mt in 1999 to 101 mt in 2000. Over the same period Japanese output climbed to 106 mt, against 94 mt a year before. Asia in general terms saw production levels increase to 319 mt (compared with 298 mt in 1999).

The level of grain trades for the 1999 / 2000 season has remained relatively stable at 211,000 tons.

The International Grain Council (IGC) foresees similar figures for the season 2000 / 2001. According to them, Eastern Europe, Saudi Arabia, China and North Africa should all increase imports during the current season.

As to the minor bulks, fertilisers continue to be negatively affected by environmental concerns. The improved agricultural production in India as well as in Argentina and Brazil has avoided a crisis in this sector.

Strong American domestic demand for cement and clinker has boosted Asian exports, principally transported by Handysize vessels. However, these exports should decrease due to weaker American demand and an increasing local consumption.

Doubts about bulk market strength can be entertained when we consider the slowdown in the world economy's growth rate especially in the USA and western Europe as well as the slow recovery of the Japanese economy. Economic analysts seem to agree that the year 2000 was a high point in world economic growth. Steel prices (after a record high) have reached their lowest point in the last two years and a number of steel mills anticipate a reduction of their steel production as the industry enters into what would seem to be the bottom of the cycle. One should not overlook either, the impact of the anti-dumping measures in the coming year and the resulting closure of the American markets to Asian products. The overcapacity which will follow will have its own impact on the prices. If Asian production is absorbed by local markets there will be a reduction of volume in ton miles compared to the previous year.

The situation does not, however, seem so critical if we take into consideration that according to the OECD figures, world growth should be 3.75 % in 2001 and 3 % in 2002. Certainly the number of new deliveries this year could be seen as troubling, in particular in the Panamax and Handymax sizes. But only 34 Capesize vessels will be delivered representing a little more than 6 % of the existing fleet.

Furthermore after the sinking of the 'Erika' and then the 'Ievoli Sun' many charterers have now put into place quality procedures aimed at eliminating "risky" vessels in advance the European Union political decisions to be taken

One could thus hold that the constraints for old vessels or sub-standard vessels will lead to their quick elimination from the world fleet.

Moreover the policies of consolidation in the sector have multiplied as illustrated by the change of shareholding capital of certain owners. We can cite the withdrawal of Old Mutual from Safmarine, the disengagement of Krupp Stahl in Krupp Shipping and the sale of P&O Bulk to the Ofer Brothers group company Zodiac. Pooling agreements have been concluded between Bocimar and Klaveness for their Capesize and Panamax fleets and Bocimar and AP Moller for their Capesize fleets. It can only be assumed that these rationalisations will not be without some impact on market control.

The outlook for 2001 is even harder than normal to predict. The ambivalent expectations of the operators also provide a fair share of uncertainties.

The energy groups handling more and more complex tools to cover their risks, are increasingly using the spot market to deal with the physical transportation of coal. At the same time steel mills have a low contract coverage for 2001, although at this stage it is too early to say whether this is due to a real "soft landing" or to downward revision of the iron ore and coal imports.

We could imagine a year filled with "squeeze and ease" situations with a number of import elements external to the marine industry having a strong influence : exchange rates, interest rates, oil prices.

More than ever, nothing is yet decided.

SHEILA ANN
70,037 dwt - self unloader, built 1999 by Jiangnan - Owned by Canada Steamship Lines

 

The bulk carrier second-hand market
 

The Capesize second-hand market (80,000 dwt and over)

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In the course of the last twelve months, following the trend within the charter market, Capesize second-hand values have kept up their end 1999's momentum but with as usual some exceptions. Throughout the year buyers have been eager to take advantage of hefty trading profits. However, the top of the market was reached in October. Since then a softening has been noticed, reflecting buyers' lack of enthusiasm as they had mixed feelings concerning 2001 developments. Thus, with a decline in potential buyers competing on each vessel, prices began to slide.

The firming-up of charter rates and a rise in newbuilding prices have steadily enticed sellers towards the second-hand market. Attracted by some good prices reported, they were convinced to reach the same levels. This appeared afterwards to be over-optimistic and not always in line with each vessels' genuine commercial or technical characteristics. This phenomenon has led to the withdrawal of five or six units from the sale and purchase market. However, these owners can count on reaping some good gains in chartering the unsold vessels, enabling them to depreciate book-values, thereby creating potential profit for the future.

In the Capesize segment, about 27 confirmed "individual" deals "for further trading" have been reported. However, one should of course add the purchase by Zodiac, the bulk shipping arm of the Samy Ofer group, of the entire P&O bulk fleet, which includes 18 owned Capes.

Only 8 vessels left the scene for the scrapyards.

Out of the above mentioned 27 deals, 16 were completed on mid-eighties built units, while 9 applied to vessels from 1990 onwards (including two promptly deliverable resales) and only two related to ships assembled in the seventies. Two transactions have been concluded in the form of bareboat charters, and one was in fact a refinancing deal conducted by Japanese operators.

Greek buyers were quite active as they took 19 of them, the rest being evenly spread between other nationalities.

At the end of the year our feeling was that price levels had gone back to more or less where they started a year ago. On the basis of vessels 'fully classed' and in good working order (which may represent a substantial addition to the price compared to levels fetched by most market candidates), the following values should apply :

Market observers will look at next year's developments with the utmost interest, bearing in mind that whereas the Capesize orderbook remains reasonable compared to the large number of Panamax on order, world economic growth is likely to soften inducing a probable decrease of seaborne trades.

Cautiousness might be the name of the game.
 

The second-hand Panamax & Handymax bulk carrier market

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The year 2000 started with wishes that world trade and economy growth would continue as they ended 1999. This was indeed the case but, on the eve of the new millennium, it seems that a slowdown in growth is around the corner if not already upon us.

The average charter rates for the size of ships under consideration peaked and were significantly higher than in the past couple of years. However, as the year drew to its end, rates seem to be under pressure, thus changing the mood of potential buyers. Those owners who considered selling tonnage hoping they would do so in similar conditions (intense buying interest leading to ever increasing prices) as last year, were disillusioned. The great number of ships offered for sale not only gave buyers a large choice but also created a limited competition and kept prices under control.

When compared to 1999, there were about :

  • 26 % less Panamax sales (54 ships in 2000 against 73 in 1999)
  • 17-18 % less Handymax sales (70 ships in 2000 against 85 in 1999)

The reasons for this may be summarised as follows :

  • The large number of newbuilding orders placed in 1999 as well as during 2000, especially in the Panamax and Handymax size sectors (about 20 % of the Panamax and Handymax existing fleet is currently on order), has resulted in a subdued buying interest for second-hand bulk carrier tonnage of such particular sizes.
  • Most of the ships contracted during 1999 and 2000 are being delivered now and will continue throughout 2001.
  • The estimated number of vessels in the Panamax size scheduled for delivery during 2001 is over 100 units, i.e. about two Panamax bulk carriers per week'
  • Similarly for the Handymax size, an estimated number of two to three ships per week will be delivered during 2001.
  • The number of ships sold for demolition is significantly lower than last year, demolition activity, during 2000, in the Panamax size is down by about 85 % and the respective reduction in scrapping concerning the Handymax size for the same period is about 10 %.

In addition to the above, other reasons such as human nature is significant as well. As commented in our review for 1999, the feeling "now is the time to buy", was simply not possible during the last 12 months. Aggressive players made their moves during 1999 and successful buyers during this time became "interested spectators" in 2000. Potential buyers compared this year's "expected" prices with last year's "actual" prices and simply just waited until a seller became "serious"'

The bottom line of the year was the smaller number of sale and purchase transactions. Greek buyers were, as usual, the most active whereas the Japanese and Norwegian shipowning communities were the major actors on the selling side.

In the second-hand bulk carrier market, a new factor will be interesting to monitor this year, that is the listing of Greek shipping companies on the Athens Stock Exchange.

MED CARRARA
(ex-ICL Jaya Konda), 43,300 dwt, built 1981 by Kasado - Owned by Duke Shipping Limited
  • Panamax

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About 54 ships changed hands during the course of 2000. Sales were evenly spread over the year with a peak of activity in October, when about 10 sales were reported.

Out of the total number of 54 vessels sold over 60 % were 1980's built ships. Looking more closely, the breakdown can be read as follows :

  • 10 % (6 units) were built in the 1970's,
  • 41 % (22) were built in the early 1980's (1980-1983),
  • 12 % (7) were built in the mid 1980's (1984-1987),
  • 10 % (6) in the late 1980's (1988-1989),
  • 24 % (13) ships in the 1990's with the majority in the middle of the decade (1994-1996).

After the frenzied increases in price recorded in 1999, prices of second-hand good quality Panamax bulk carriers remained relatively steady over the period under consideration with a softening tendency over the last few months. As the year draws to an end, we assume that all age segments of the Panamax bulk carrier sale and purchase market will feel a downward pressure on values, especially for the 1980's built tonnage.

At the time of writing a 10 year old Panamax bulk carrier is worth somewhere in the region of $11.5 million, whereas a vessel having half her age is estimated at a value in the region of $16.0 - 16.2 million.

One should not forget the significant number of Panamax bulk carrier, firm or optional contracts, held by several owners (Ugland, Brave Maritime, Diana Shipping, Embiricos, Chandris to name but a few) who either resold, or transformed them into firm orders for tankers (Aframax / Suezmax / VLCC) or even cancelled the options altogether'

What will be the price in the early months of 2001? Our feeling is that prices will ease off as the newbuildings are being delivered and that charter rates will be under pressure.

Cautioun may be a keyword for 2001.
 

  • Handymax

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The total number of ships sold during the past 12 months dropped to 70, representing an overall 17-18 % decrease in the number of reported transactions over last year.

Looking at the age of the ships sold, we notice that 50 % of these are 80's built tonnage, whereas about 30 % involved 90's built ships. A closer study reveals the following age breakdown :

  • 20 % (14 vessels) built in the 1970's,
  • 14 % (10) built in the early 1980's (1980-1983),
  • 31 % (22) built in the mid 80's (1984-1987),
  •   6 % (4) built in the late 1980's (1988-1989),
  •   6 % (4) built in the early 1990's (1990-1993),
  • 16 % (11) built in the mid 1990's (1994-1997),
  •  7 % (5) built in the late 1990's (1998-1999).

Similarly to the Panamax sector, prices peaked in 1999 and remained fairly steady this year. Whereas charter earnings during 2000 were far better than last year, the increased number of ships on offer for sale meant that potential buyers had a very large choice. This resulted in prices not attaining new highs but rather consolidating last year's levels.

At the time of writing, assuming a buyer is willing to invest promptly in a 10 year old Handymax bulk carrier he will need to pay about $11.5 million, whereas a similar ship of half this age is currently worth about $15.5 million.
 

For how long will it last ?

At the beginning of the last quarter 2000, the pressure on prices became noticeable especially for 1980's and early 1990's built ships. The orderbook figures have done their magic effect again, and long period charters are not as forthcoming as they were during 1999 or in the earlier part of 2000. Potential buyers are cautious (who can blame them) and, as mentioned earlier, this may prove to be a keyword for 2001.

To summarise, we believe that shipping industry players may be "cautiously optimistic" for the near future only if an accelerated demolition activity is re-established, coupled with positive growth and world trade figures, having positive effects on seaborne trades.
 




Shipping and Shipbuilding Markets in 2000

I N D E X

›››File
FROM THE HOME PAGE
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Cargo traffic in China's seaports grew by +3.7% last month
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Containers amounted to 26.7 million TEU (+6.1%)
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About 200 have fallen from container ships in the Cape of Good Hope region
FMC questions deal exempting World Shipping Council companies from US antitrust rules
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The European maritime-port sector nitpicks the reform of the Community customs rules
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Note from CLECAT, ECASBA, European Shipowners, ESPO, Feport and WSC
EU Council agrees on reform of the Union Customs Code
Brussels
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Increase of +9.9% in Gaeta and decrease of -17.1% in Fiumicino
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Japanese shipbuilding company Imabari Shipbuilding acquires control of fellow Japanese JMU
Imabari/Tokyo
Ownership share increased from 30% to 60%
WTO: New tariffs have given a boost to trade that is unlikely to last
Geneva
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Terminal Investments Limited of the MSC Group acquires 50% of the capital of Barcelona Europe South Terminal
Barcelona
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There are no implementing decrees for the SalvaMare law and Italian citizens are paying for the management of fished waste that is not carried out
Rome
The Marevivo Foundation and the Federation of the Sea report it
In five and a half years, 1,244 tons of drugs have been seized in EU ports
In five and a half years, 1,244 tons of drugs have been seized in EU ports
Lisbon
The largest quantities pass through ports in Belgium, Spain, Holland, Italy and Germany
The International Convention on Ship Recycling will enter into force tomorrow
Copenhagen
BIMCO urges EU to include Indian shipyards in EU list of ship recycling facilities
Assologistica presents the "Cruscotto" project to ensure transparency and legality in the logistics sector
Milan
Ruggerone: it is an infrastructure of trust between clients and operators
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Rome
A "Pact for the Sea" proposed with solutions to tackle overtourism for which passenger ships are not to blame
New step forward for the construction of the underground freight transport system in Switzerland
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Bern
Cargo sous terrain plans to build a 500-kilometer system by mid-century
Carnival posts record earnings for March-May period
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Miami
The number of cruise passengers embarked also peaked this quarter
Federlogistica, it is reckless to activate railway construction sites without a concerted plan
Genoa
Falteri: Isolating the port of Genoa from the railway network for three weeks means putting the whole of Northern Italy in difficulty
Multipurpose terminals privatized in eight Saudi ports
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Riyadh
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Public debate launched on the project for Pier VIII in the port of Trieste
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Trieste
A total investment of 315.8 million euros is expected
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
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Seoul
The possibility of building other types of ships and constructing port cranes is foreseen
Rixi: with the Omnibus decree, Phase B of the new Genoa breakwater is guaranteed
Rome
Expenditure of 50 million euros authorised for 2026 and 92.8 million for 2027
Israel-Iran conflict prompts Maersk to suspend calls at Haifa port
Copenhagen
Those at the port of Ashdod will continue instead.
Northern European Nations Commitment to Counter Russian Shadow Fleet
Warsaw
If the vessels do not fly a valid flag in the Baltic Sea and the North Sea - they specify - we will take appropriate measures in compliance with international law.
Freight traffic in French ports stable in the first quarter of 2025
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The Defense
Containers and liquid bulk on the rise. Increase in unloading loads and decrease in loading loads
Cognolato (Assiterminal): Today more than ever we need a coherent port policy
Rome
All the critical issues highlighted in recent years still remain open - he highlighted.
Alessandro Pitto confirmed as president of Fedespedi
Milan
The Board of Directors, the Board of Arbiters and the Board of Auditors have been renewed
A protest action by Greek seafarers is heated, with the PENEN and PNO unions launching very serious accusations, including mutual ones
Piraeus
The strike, declared illegal by the courts, blocks some ships of the Attica group in the port of Patras
Saipem awarded contract for a phosphate mining project in Algeria that includes the upgrading of the port of Annaba
Milan
The construction of railway lines is also planned
Suez Canal celebrates return of large-capacity containership transits
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Ismailia
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IMO, ILO, ICS and ITF urge protection of seafarers' rights against unjust criminalisation
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The "Guidelines on the Fair Treatment of Seafarers Detained in Relation to Alleged Offences" were adopted in April
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Long Beach
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Transfer of the port of Carrara from the Ligurian to the Tuscan AdSP not without a discussion with the operators
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Dario Perioli, FHP, Grendi and Tarros ask for it
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New York
Port of Los Angeles Feels Impact of New Tariffs on Container Traffic
Los Angeles
A decrease of -4.8% was recorded in May
Assagenti proposes a task force to solve port, logistics and industrial problems
Genoa
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Cargo traffic at the port of Singapore fell by -4.6% in May
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New crane overturned for delivery in new Tuas port area
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Neuchatel
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ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
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Ischia
Power: it is necessary to remove them from a perverse mechanism
Dutch HES International to operate bulk terminal in Marseille-Fos port
Marseille
The concession contract will have a minimum duration of 30 years
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Bruno Pisano appointed extraordinary commissioner of the AdSP of the Eastern Ligurian Sea
Rome
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Tagnochetti: The Port Fee aims to redistribute the costs of all disruptions more equitably
Commissioners of the AdSPs of the Northern Tyrrhenian, Ionian and Western Liguria appointed
Rome/Genoa
Trade unions concerned about the future of Genoa Port Terminal workers
Political instability and green transition are the main problems that shipping faces
London
This is highlighted in the "ICS Maritime Barometer Report 2024-2025"
The new container terminal of the port of Termini Imerese presented
Palermo
Transfer of traffic handled by Portitalia to the port of Palermo
GCMD survey confirms shipping's commitment to decarbonisation
Singapore
Ports concerned about lack of certainty about demand from shipping companies
The EU Commission has re-identified Port Said East and Tanger Med as neighbouring container transhipment ports
Brussels
Road haulage extends congestion fee application to Livorno port
Livorno/Rome/Milan/Genoa
Fedespedi, they do not solve the problems, but have the only effect of increasing costs
The new Border Control Post has been inaugurated in the port of Livorno
Leghorn
The structure cost 15 million euros
The transfer of 80% of Louis-Dreyfus Armateurs' capital to InfraVia has been implemented
Suresnes/Paris
The Louis-Dreyfus family retains the remaining 20%
Port of Genoa, green light for extension of concession to Spinelli until September 30
Genoa
Ok also to the extension to the Campostano group
The National Maritime Fund has started the recognition of scholarships
Genoa
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RFI and MIT sign the update to the program contract for approximately 2.1 billion
Rome
Around 500 million euros expected for the management of the railway network
San Giorgio del Porto delivers a vessel for the bunkering of liquefied natural gas
Genoa
It was built for Genova Trasporti Marittimi
Pisano (AdSP Liguria Orientale): the ports of La Spezia and Carrara have integrated almost perfectly
La Spezia/Bari
Extraordinary Commissioner of the Southern Adriatic Sea Port Authority appointed
Raffaele Latrofa appointed president of the AdSP of the Central-Northern Tyrrhenian Sea
Rome
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India's Mazagon Dock Shipbuilders Acquires Control of Sri Lanka's Colombo Dockyard
Mumbai
Investment of approximately 53 million dollars
The Commissioner of the Western Ligurian Sea Port Authority has been granted the powers and prerogatives of the Management Committee
Genoa
The measure pending the restoration of the ordinary top management bodies
The Three-Year Operational Plan 2025-2027 of the Central Adriatic Port Authority has been approved
Ancona
Favorable opinion of the Sea Resource Partnership Body
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
It will deal with the physical transformations of the container and the digitalization of processes
Andrea Ormesani is the new president of Assosped Venezia
Venice
The board of directors has been renewed. Paolo Salvaro remains general secretary
Witte (ISU): In 2024, the ship salvage sector stabilized from the low of two years ago
London
Finnish Elomatic to Install Tunnel Thrusters on 11 Carnival Cruise Ships
Turku
The works will begin next autumn and will end in 2028
The Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
Fincantieri has delivered the new cruise ship Viking Vesta to the American Viking
Trieste/Los Angeles
It was built in the Ancona shipyard
The Genoa Coast Guard has placed the container ship PL Germany under administrative detention
Genoa
Italian Navy orders two new Multipurpose Combat Ships from Fincantieri
Trieste
The order to the shipbuilding company is worth 700 million euros
MSC Group to manage cruise services in the ports of Bari and Brindisi
Bari
Ten-year concession with possibility of extension
German Kombiverkehr Returns to Profit in 2024
Frankfurt am Main
The level of revenues remained unchanged at 434.6 million euros.
Deltamarin to design the six new ro-pax vessels ordered by Grimaldi for the Mediterranean routes
Turku
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
The practice of subcontracting in European logistics is creating a parallel labour market where rights are not enforced
Brussels
"Sorry, We Subcontracted You" Report Presented
Tomorrow Grendi will launch the group's fourth ship on routes to and from Sardinia
Milan
"Grendi Star", with a load capacity of 2,800 linear meters, will connect Marina di Carrara and Cagliari
FREMM frigates operational support contract signed between Orizzonte Sistemi Navali and OCCAR
Taranto
The agreement has a total value of approximately 764 million euros
Call to reform the entire driver training system in the transport sector
Rome
Seven proposals presented
In the port of Gioia Tauro, the Guardia di Finanza soldiers seized 228 kilos of cocaine
Reggio Calabria
Two dockers arrested
Port of Livorno, new observatory to find solutions to the problem of port congestion
Leghorn
Marilli: We will seek solutions to reach the possible revocation of the port fee
Lockton PL Ferrari closed the last fiscal year with gross revenues of 34 million dollars
Genoa
Insurance premium volume rose to 350 million
Polish Trans Polonia Group acquires Dutch Nijman/Zeetank Holding
Tczew
It specializes in the transportation and logistics of liquid and gaseous products
d'Amico Tankers Sells Two 2011-Built Tankers for $36.2 Million
Luxembourg
They will be delivered to buyers by the end of July and on December 21st.
The Italian Merchant Marine Academy plans 13 new free courses
Genoa
Over 300 positions available
A delegation of Wista Italy visits the ports of Catania and Augusta
Catania/August
The association is made up of women who hold positions of responsibility in the maritime, logistics and trade sectors.
In the first five months of 2025, the port of Algeciras handled 1.9 million containers (-6.3%)
Algeciras
Empty containers decreased by -5.5% and full ones by -6.4%
Reway Group enters the port railway infrastructure maintenance sector
Licciana Nardi
Two contracts awarded by the AdSP of the Eastern Ligurian Sea
Delcomar and Ensamar take over maritime services with the smaller Sardinian islands
Cagliari
The tender for the six-year concession of the connections has been awarded
Port of Trieste, the newly appointed Gurrieri torpedoes the newly appointed Torbianelli
Trieste
Russo (Pd): it's a squalid power game
Singapore's SeaLead expands its maritime shipping offering to connect Turkey and Italy
Singapore
Route connected to services transiting the Suez Canal
The US Container Security Initiative program has been extended to Morocco
Rabat
Amrani: Let's consolidate Tanger Med's role as a safe and world-class maritime hub
Very positive first quarter for Greek Euroseas
Athens
Pittas: the positive momentum continued in the second quarter
Assonat and SACE present a plan for Italian tourist ports
Rome
Kuehne+Nagel has opened a new branch in Naples
Milan
The aim is to support the operational growth of the group in Southern Italy
RINA has acquired the entire capital of Finnish Foreship
Helsinki
The Helsinki-based company specializes in consulting in the field of marine and mechanical engineering.
Container traffic down at Barcelona and Valencia ports in May
Barcelona/Valencia
Resumption of containers in transit at the Catalan port
Annual cargo traffic in Greek ports stable in 2024
Piraeus
Domestic volumes are growing, while foreign trade is decreasing
Perplexity of freight forwarders, customs agents and maritime agents of La Spezia at the transfer of the port of Carrara to the Tuscan AdSP
The Spice
Timidly, they "hope for consideration for the progress made so far"
Francesco Mastro appointed extraordinary commissioner of the Southern Adriatic Sea Port Authority
Rome
He will take up office on June 30th.
John Denholm to be new president of the International Chamber of Shipping
Athens
He will take over from Emanuele Grimaldi in a year
Extraordinary commissioners of the two Ligurian Port System Authorities have been installed
Genoa/La Spezia
Matteo Paroli and Bruno Pisano at the helm of the institutions
Container traffic at Hong Kong port drops sharply in May
Hong Kong
1.05 million TEUs were handled (-12.7%)
Assogasliquidi-Federchimica shows the way to accelerate the decarbonization of road and maritime transport
Rome
Amadei: Our sector is ready and the time has come for courageous industrial choices
Eagle S tanker command blamed for cutting submarine cables in Gulf of Finland
Advantages
The accident was caused by the ship's anchor
Online platform to report critical issues that put transport workers at risk
Genoa
It was prepared by Fit Cisl Liguria
GNV to create a direct summer connection between Civitavecchia and Tunis
Genoa
It will run alongside the historic route via Palermo
The unification of Grimaldi's concessions in the port of Barcelona has been completed
Madrid/Barcelona
The contract expires on September 20, 2035.
In the first five months of 2025, cargo traffic in Russian ports fell by -4.9%
St. Petersburg
A decrease of approximately -12% was recorded in May
Raben Logistics Group Creates Subsidiary in Türkiye
Milan
It will have 20 employees and a 2,000 square meter cross-dock warehouse
Alberto Dellepiane confirmed as president of Assorimorchiatori
Rome
The composition of the entire association leadership remains unchanged
Agreement between Fincantieri and Indonesian PMM to develop solutions to face new unconventional underwater challenges
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 Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
US has its eye on Greek ports
(Kathimerini)
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Structural adaptation works on dock 23 of the port of Ancona awarded
Ancona
Intervention worth over 11.8 million euros
Conference on the role of LNG and bioLNG for the decarbonisation of transport and industry
Rome
The Federchimica-Assogasliquidi event will take place on Monday in Rome
Dutch Bolidt increases presence in cruise ship sector with acquisition of American Boteka
Hendrik Ido Ambacht
Contship Italia has acquired the Genoese customs services company STS
Melzo
The Ligurian company was founded in 1985
Francesco Benevolo has been appointed extraordinary commissioner of the AdSP of the Central-Northern Adriatic Sea
Rome
He is the operations director of RAM - Logistics, Infrastructure and Transport
Montaresi resigns as commissioner of the Eastern Ligurian Port Authority
The Spice
In the eight months of administration - he underlines - we have not lost even a second
Gurrieri has been appointed extraordinary commissioner of the AdSP of the Eastern Adriatic Sea
Trieste
Pending the completion of the formal process for the designation of the president
The commissioners of the AdSP of Western Liguria have handed over their mandate to Minister Salvini
Genoa
The decision is part of the process of designation and nomination of the new leaders
Confetra criticizes the provisions of the decree-law Infrastructure for road transport
Rome
The Confederation urges the blocking of the process of appointing the presidents of the port authorities
Taiwanese Evergreen, Yang Ming and WHL saw revenue decline in May
Keelung/Taipei
The decline is accentuated for the two main companies
South Korea's KSOE wins order to build eight 15,900 TEU containerships
Seongnam
The unit value of each vessel is approximately $221 million.
First port terminal for car traffic of Greek Neptune Lines
Piraeus
It will be inaugurated next year in the French port of Port-La Nouvelle
The assembly of the association of Genoese maritime agents and brokers will be held on June 16th
Genoa
Round Table on Genoa, the hub of the North West and the Mediterranean
BN di Navigazione Board of Directors Renewed
Genoa
BluNavy aims to reach one million passengers by 2025
Viking Line designs world's largest all-electric ro-pax vessel
Viking Line designs world's largest all-electric ro-pax vessel
Åland
Record Monthly Container Traffic at Turkish Ports
Ankara
In May, almost 1.4 million TEUs were handled (+17.6%)
Sergio Landolfi has been elected president of the Customs Association of the Port of La Spezia
The Spice
The board of directors has been renewed
The ferry industry elite will attend the Interferry conference in Salerno in October
Victoria
Event titled "Connections"
Uniport launches an initiative to support ALS research
Rome
Fundraising for the NeMO Clinical Center Serena Foundation Onlus
The Propeller Club of Genoa has analyzed risks and opportunities of using AI in the maritime and insurance sectors
Genoa
The importance of training in the use of technology was highlighted
Chantiers de l'Atlantique delivers luxury cruising yacht Luminara to The Ritz-Carlton Yacht Collection
Saint Nazaire
The ship will debut in Alaska
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