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02 July 2025 - Year XXIX
Independent journal on economy and transport policy
02:47 GMT+2
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FORUM of Shipping
and Logistics


The Cruise market
 in 2000

Is the bottle half full or half empty ?

 
While the reading of the statistics and the results of the first half of the year gave rise to satisfaction, this quickly turned sour on the pessimistic analysis of the prospected yields in this sector, and particularly the risk of over-capacity brought about by a full orderbook.

At year's end, the number of firm berths on order has surpassed last year's record and has reached a level of 100,000 berths spread over 50 ships.

This impressive figure represents almost half of the existing capacity and will be delivered over the next four years. But is it really a problem in view of the latest statistics published by the Cruise Lines International Association (CLIA) showing that the American market has reached nearly seven million passengers in 2000, an increase of close to 18 % over the previous year, and the European market more than 2.2 million!

The cruise industry has proved over the last 25 years that it is capable of filling up all ships as they come into service, and except for an economic catastrophe there is no reason why the 8 % per year growth pattern of this sector ' directly dependent on the development of tourism, the leisure industry, the rise in population with longer life expectancy as well as the improved lifestyle of retired people ' should diminish in the forthcoming years.

In the Caribbean the closure of Premier Cruises and Cape Canaveral Cruise Line, followed soon after by the collapse of Commodore Cruise Line will reduce the capacity by 7,500 lower berths in 2001, and it is highly probable that the older vessels which are unsuited to the American market today will be phased out over the next three years. This will help attenuate the impact of the new units which will be brought into service in this sector.

Nonetheless the financial analysts in America came up with a radically different conclusion in the first quarter, based on the orderbook and the fleet's growth projections between 2000 and 2003. Their perceptions precipitated a general drop in the shares of cruise companies quoted on the stock exchange, and the average p/e (price / earnings) ratio of the big companies fell from 30 to 10, casting considerable doubt on the sector.

Most of the managers have minimised the consequences of the drop of their stock prices, focusing mainly on their occupancy rate (over 100 %), and their capacity in filling new ships in a market driven by offer. However, such stock movements had a severe consequence on the banks' perception of the sector and mergers and acquisitions.

While the industry is proud of its profits performance, with the leading companies posting 20 % per year or more, financial analysts reason in terms of profit growth and rise in stock prices, and fear that profits will either stagnate or fall in the near future.

It should not be forgotten that the strategy of cruise companies is based on a minimum three years period, the time taken to plan and build a cruiseship, whereas analysts are much more concentrated on the short term.
 

The orderbook
cruiseship deliveries and orders

At year end, 70 % of the orderbook comes from the three 'majors' (Carnival Corp., RCC, and P&O) which reflects their market share, and the average capacity of the vessels on order has reached 2,000 berths per ship due to the high proportion (11 units) being built above 100,000 grt.

This size factor considerably improves a ship's productivity, and the ability to generate a substantial turnover on board ship during voyages is also an important factor which allows cruise operators to contemplate the future with confidence.

A survey of the orderbook shows the predominance of European shipyards and in particular the leading four which are Chantiers de l'Atlantique, Fincantieri, Kvaemer Masa, and Meyer Werft, - with however some disparities between them :

  • Chantiers de l'Atlantique has a full orderbook up until end 2003, with different size ships, often prototypes, posing both a technical and logistical challenge which happily seems under control. They can be proud to have been awarded this year the biggest cruise ship contract ever placed, the 'Queen Mary 2' for Cunard, 150,000 grt, 2,620 berths, and to have persuaded the Japanese Crystal Cruises to confirm their third luxury cruise ship with them : 68,000 grt, 1,280 berths.
  • The orders with Fincantieri go up to 2005, with series of ships by site; big ships of over 100,000 grt are built at Monfalcone on behalf of Carnival and P&O Princess Cruises ; Marghera has been awarded an order for a series of five ships for Holland America Line, while a third site will become operational in the port of Genoa at the old Sestri shipyard, with two ships of over 100,000 grt ordered by Costa. The opening of this third site will stir up further an already fierce competition within the European shipyards.
  • Kvaerver Masa was dragging behind at the beginning of the year due to uncertainties within its shareholders, but since the reaffirmed support of Kvaerner they have secured three ships for the Carnival group on the Helsinki site and two additional ships in the 'Voyager' class 137,000 grt, for RCC at the Turku shipyard.
  • Meyer Werft who has orders up to 2004 with two ships for Star Cruises and four ships of the 'Vantage' type for RCCL plus two options, is the only shipyard which has an open slot in 2003 due to the cancellation by Star Cruises of the letter of intent for two ships of 115,000 grt due for delivery in 2003 and 2004.
artist view of the 
QUEEN MARY 2
150,000 grt, to be delivered in 20003 by Chantiers de l'Atlantique to Cunard
 
All the orders placed this year were with European shipyards. Once again Europe showed its ability to fulfil the demands of cruise owners to the point that one can anticipate a potential surplus capacity if owners' ambitious attitude should start to waver.

The Carnival group has been particularly active this year with their new ships, having taken delivery of the following :

  • 'Amsterdam', 58,000 grt, 1,380 berths, and 'Zaandam', 62,000 grt, 1,440 berths, delivered by Fincantieri for Holland America Lines.
  • 'Carnival Victory' 101,000 grt, 2,642 berths, delivered by Fincantieri for Carnival.
  • 'Costa Atlantica', 82,000 grt, 2,100 berths, delivered by Kvaerner Masa for Costa Crociere.

In addition nine firm orders have been placed by the Carnival group:

  • three for Holland America Line with Fincantieri Marghera, 84,000 grt, 1,800 berths,
  • two for Costa with Fincantieri Sestri, 105,000 grt, 2,720 berths,
  • two for Carnival and one for Costa with Kvaerner Masa Helsinki, 86,000 grt, 2,100 berths,
  • the 'Queen Mary 2' for Cunard with Chantiers de l'Atlantique.

Carnival who currently operate 48 ships, by the end of the year held a record number of 16 units under construction for the group, representing an investment of about US$ 7 billion.

Royal Carribean Cruises took delivery of :

  • 'Explorer of the Seas', 137,000 grt, 3,100 berths, with Kvaerner Masa
  • 'Millenium', 91,000 grt, 1,950 berths, with Chantiers de l'Atlantique,

and firmed up two options with Kvaerner Masa Turku for the 'Voyager' class 137,000 grt, 3,138 berths and two options with Meyer Werft for the 'Vantage' class 88,000 grt, bringing a total of four firm and two options for ships in this series under construction with Meyer Werft. At year's end, the declaration date for the two options was postponed by several months.

MILLENIUM
90,228 grt, blt 2000 by Chantiers de l'Atlantique - Operated by Celebrity Cruises

 

The P&O group whose cruise activity was spun offand launched onto the stock market in November under the name of P&O Princess Cruises (comprising P&O Cruises, Princess Cruises and their German operation Aida Cruises) took delivery of the following liners :

  • 'Ocean Princess', 77,000 grt, 1,950 berths, with Fincantieri.
  • 'Aurora', 76,000 grt, 1,800 berths, with Meyer Werft which is earmarked for the British market ' the leader in the European cruise scene.

After the surge in orders last year, totalling nine ships under construction for the group, no new order was announced this year and two options with Chantiers de l'Atlantique were also postponed by several months. It is worth noting that with all the ships under construction for P&O Princess Cruises, their capacity will double over the next four years.

As to the others, Renaissance Cruises took delivery of the 'R Five', 'R Six', and 'R Seven', 32,000 grt, 702 berths, with Chantiers de l'Atlantique. This company ran into some problems due to its extremely rapid expansion and had to reorganise its management during the course of the year.

Royal Olympic Cruises took delivery of the 'Olympic Voyager', 25,000 grt, 840 berths with Blohm and Voss. This is the fastest cruise liner in service today with a speed of 27 knots. A second sister ship the 'Olympic Explorer' will be delivered in 2001.

Silverseas took delivery of her 'Silver Shadow', 25,000 grt, 390 berths, with Mariotti, which will be followed by the 'Silver Whisper' in 2001, and there remain two additional options which have not yet been confirmed.

Star Clipper took delivery of her 5 mast sailing boat 'Royal Clipper', 5,000 grt, 225 berths, with the Merwede shipyard, and finds success in developing a niche market of passenger sailing cruise ships.

This makes a total of 14 ships and 20,000 berths which have been delivered this year, compared to 11 ships and 18,000 berths in 1999. This represents a growth in capacity of nearly 10 % in 2000, against 9 % in 1999, and 11 % expected in 2001 and 2002.

EUROPEAN VISION
1,500 pax, to be delivered in 2001 by Chantiers de l'Atlantique to Festival Cruises

 

Consolidation

Moves towards consolidation within the cruise industry were considerably constrained due mainly to the drop in companies financial evaluations.

The battle for the control of NCL which started last year between Carnival and Star Cruises, was won in February by the latter after Carnival's withdrawal, at a price which today looks expensive. The fall in the stock markets has placed a doubt on the cost, if not the opportunity, of such an operation. Star will now have to co-ordinate the operating of its two poles of activities, Asian and American, and already some reshuffling is being planned with the departure of the 'Norway' to Asia and the arrival in NCL's fleet of the ex. 'Superstar Scorpio' under construction with Meyer Werft.

The financial markets have in any event slowed down ideas for consolidation and P&O's purchase of Festival has not gone through.

However Carnival has been able to buy Airtours from Costa at a price of US$ 525 million, leaving the latter group with a very healthy profit of nearly US$ 400 million in just three years.

The RCC group which has no foothold in Europe in contrast to its rival Carnival, has established a cruise joint venture with the English tour operator First Choice, which will run the 'Viking Serenade', 40,000 grt, 1,512 berths.

These two operations prove the growing interest from North American companies for the European market. Costa, P&O and Festival's bright results confirms some optimistic forecasts on this market still not enough supplied with modern vessels. Only 11 ships currently on order are due to join the European market. This state of facts has surely influenced MSC in ordering a 780 cabin vessel with Chantiers de l'Atlantique, in the ultimate days of December.
 

The second-hand market

On the second hand market, the year was relatively calm, buyers mainly looking for modern ships:

  • The 'Norwegian Star' built 1973, 28,500 grt, 800 berths, was involved in a purely financial transaction with a charter party in return for a price of US$ 48 million, between Actinor and Mosvold.
  • Two small ships belonging to Sun Cruises, a company no longer existing, the 'Sun Viva' and 'Sun Viva 2' built in 1991, 4,200 grt, 114 berths, were bought by Star Cruises in block for US$ 33 million, then resold at the same price to Cruise West and Hebridean Cruises.
  • The 'Astra II' built 1974, 10,500 grt, 460 berths, was sold for US$ 13 million to Italians, then bareboat chartered with an option to buy to Asians.
  • The 'Dream 21' built 1989, 6,100 grt, 154 berths was sold by Samsung to Society Expeditions for a sum of US$ 20 million. This company lost its only vessel this year, the 'World Discoverer' off the Salomon Islands.
  • The 'Ocean Breeze' built 1955, 21,480 grt, 776 berths was sold by Premier Cruise to Imperial Majesty Cruise Line for US$ 14.5 million
  • The 'Calypso' (ex 'Regent Jewel') built 1967, 11,100 grt, 500 berths, was sold to Louis Cruises for a figure of US$ 14 million.
  • The 'Fair Princess' one of the fleet's veterans, built in 1956, 24,800 grt, 1,000 berths was sold by P&O to the Asian operator Emerald Cruises for US$ 15 million.

Premier Cruises operations have been stopped by its principal creditor DLJ, putting five old turbine vessels onto the market. It seems that it will be difficult to find buyers at reasonable prices for certain of them, given their age and high operating costs.

It should be remembered that the 'Regent Star' built 1957, has been looking for a buyer since 1996 and is laid up since then. Maybe it is time that certain cruise ships which have been navigating for nearly 50 years should be scrapped. Few serious buyers are interested in second hand vessels given the concentration of the industry is few hands, which are far more attracted by building new ships, better adapted to their clientele and which offer in addition better financing possibilities.

The problem of the utilisation of old ships in a market dominated by modern vessels, adapted to the needs of the clients and meeting the latest security norms, becomes more and more acute as time goes by.

So, is the bottle half empty or half full? For us there is no question that it is half full and that the market will continue to offer attractive prospects, to companies that know how and are able to convince their shareholders and bankers to continue developing long tem strategies, far from the heady gyrations of the stock market.
 




Shipping and Shipbuilding Markets in 2000

I N D E X

›››File
FROM THE HOME PAGE
European Commission meeting to define the strategy for the development of EU ports and maritime industry
Brussels
Call for papers by July 28th
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Rome
Messina: State Aid regime needs to be redesigned for European shipyards
In the first four months of 2025, maritime container traffic between Asia and Europe grew by +4.8%
Tokyo
-6.4% drop in shipments to Asian ports. +9.0% increase in unloading volumes in Europe
The impact on Italy of a possible closure of the maritime route through the Strait of Hormuz would be significant
Rome
The merchant fleet for energy products controlled by the Italian shipping industry interested in these traffics amounts to approximately 80 units.
Cargo traffic in China's seaports grew by +3.7% last month
Cargo traffic in China's seaports grew by +3.7% last month
Beijing
Containers amounted to 26.7 million TEU (+6.1%)
In 2024, 576 containers were lost at sea out of over 250 million transported by ships
Washington
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
Washington
Meanwhile, Sola, appointed by Trump on January 20 to the presidency of the federal agency, is leaving his post today.
The European maritime-port sector nitpicks the reform of the Community customs rules
Brussels
Note from CLECAT, ECASBA, European Shipowners, ESPO, Feport and WSC
EU Council agrees on reform of the Union Customs Code
Brussels
CLECAT is concerned about the persistence of the concept of "Single Liable Person" in the text
In the first three months of 2025, freight traffic in the port of Civitavecchia grew by +2.4%
Civitavecchia
Increase of +9.9% in Gaeta and decrease of -17.1% in Fiumicino
Le Aziende informanoSponsored Article
Accelleron consolida le partnership con Somas e Geislinger per sostenere l'efficienza e la sostenibilità del settore marittimo
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
Recovery driven by importers who brought forward purchases in view of expected tariff increases
Terminal Investments Limited of the MSC Group acquires 50% of the capital of Barcelona Europe South Terminal
Barcelona
The transaction was authorized by the Port Authority of Barcelona
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
New step forward for the construction of the underground freight transport system in Switzerland
Bern
Cargo sous terrain plans to build a 500-kilometer system by mid-century
Carnival posts record earnings for March-May period
Carnival posts record earnings for March-May period
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
Multipurpose terminals privatized in eight Saudi ports
Riyadh
Four will be operated by Saudi Global Ports and four by Red Sea Gateway Terminal
Public debate launched on the project for Pier VIII in the port of Trieste
Public debate launched on the project for Pier VIII in the port of Trieste
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
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
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
Freight traffic in French ports stable in the first quarter of 2025
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
Suez Canal celebrates return of large-capacity containership transits
Ismailia
Today it was crossed by the vessel "CMA CGM Osiris" which can carry 15,536 teu
IMO, ILO, ICS and ITF urge protection of seafarers' rights against unjust criminalisation
London
The "Guidelines on the Fair Treatment of Seafarers Detained in Relation to Alleged Offences" were adopted in April
Trump's new tariffs also hit container traffic at the Port of Long Beach
Long Beach
In the first five months of 2025, an increase of +17.2% was recorded
Transfer of the port of Carrara from the Ligurian to the Tuscan AdSP not without a discussion with the operators
Milan
Dario Perioli, FHP, Grendi and Tarros ask for it
Up to $768 billion in investments needed to adapt world ports to rising sea levels
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
A "problem solver" consultative body composed, in addition to the categories of the maritime cluster, of the manufacturing industries of the North-West quadrant
Cargo traffic at the port of Singapore fell by -4.6% in May
Singapore
New crane overturned for delivery in new Tuas port area
In the first quarter of 2025, freight traffic on the Swiss rail network fell by -6.4%
Neuchatel
Service performance at 2.35 billion tonne-km, down -8.2%
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
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
Ibiza government opposes Trasmed's overnight stay on board ferry program
Ibiza/Valencia
It is considered a "clandestine hotel", while the company defines it as a cruise service
Bruno Pisano appointed extraordinary commissioner of the AdSP of the Eastern Ligurian Sea
Rome
He will take up his post next Monday
Federlogistica proposes a comparison between operators on the congestion fee while waiting for a solution from the government
Genoa
In the first five months of 2025, container traffic in the port of Gioia Tauro grew by +10.3%
Joy Taurus
1,813,071 TEUs were handled
Trasportounito, truck waiting times in ports must be paid
Genoa
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
They are granted for basic training and security familiarization courses.
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
He is the deputy mayor of Pisa
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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