testata inforMARE
Cerca
23 May 2024 - Year XXVIII
Independent journal on economy and transport policy
08:33 GMT+2
LinnkedInTwitterFacebook
FORUM of Shipping
and Logistics


The LNG shipping market
in 2000

 
A new millenium

top

A new millennium arrived and a new era in LNG began. As a company that depends on shipping for its livelihood we do have a natural bias towards shipping and, for this, we make no apology, but the year 2000 saw the LNG industry recognition that LNG shipping is the most important tool in the modern LNG industry. Let us not forget that the only reason that US$ 4 billion are invested in liquefaction plants, is to facilitate the transportation of methane by sea.

Our final comment in our review last year recommended the move to build speculation ships. It happened that two first class owners, Bergesen and Exmar, did just that: we thank them for such a move. The fact that two independent shipowners (i.e. non project-related) made these decisions, is a clear indication that this industry is changing.

 

Flexibility

top

We have long advocated that flexibility is the keyword for LNG in the modern world. Deregulation in the various energy sectors that produces immense competition has attracted new players. These new players however, are energy traders who like to trade, but this word "trade" has not really existed in the traditional LNG dictionary. Trading demands flexibility: flexibility in quantity, timing, destination, client, and shipping. LNG shipping also needs a flexible approach and, for this, we mean departure from the attitude that LNG is synonym of high risk. Perhaps it was a little risky in its infancy (every new idea is), but at the young age of 35 it is no longer a baby and certainly not high risk. In today's energy sector, gas is the sexy commodity that everybody want to go with !

 

Pricing top

The oil price has risen this year to US$ 35 per barrel (but has settled back to US$ 25-27) and this rise had an impact on gas prices, as if it was linked to the oil price. Hence the Japanese market saw its LNG price rise to a high level of US$ five to six m.btu(1). However, the new "American" market has seen the Henry Hub price peak at US$10, with a diurnal variation of US$ 1. This is a market that traders yearn for but one that LNG players (and here we include the financiers) don't understand.

 

(1) btu = British thermal unit (0.252 kcal)
 

Shipping top

We want flexibility. Pricing indicates that trading is viable but where are the ships? Our brave shipowners, who ordered in speculation, have subsequently secured traditional 20 years charters and thus there was no "breaking the mould". Traders need a supply of ships and production plants need to know that there is a supply of ships that will arrive to lift the cargo. This scenario will sound familiar to the oil and coal industry, who are after all the competitive fuels in the energy sector.

There are several traditional shipowners, located in the Mediterranean, who are taking a close look at this industry and it is our opinion that they will not have to spend too much time on this subject before realising the tremendous opportunities that exist. Their main advantage will be flexibility, their experience with traders and their ability to do what they know best: running ships.
 

Projects top

There was one new project that started this year, Oman LNG but no contracts were signed for proposed plants. However, we have seen renewed activities in Iran, Yemen, Norway, Egypt, Venezuela and Angola so that 2006 could be a very interesting year, as this is the time when these are expected to be on stream.

Atlantic LNG (Trinidad) confirmed the next phase of expansion with two new trains whilst North West Shelf (Australia) and Malaysia LNG are very close to finalising their expansion programmes.

The USA will soon have four receiving terminals in operation (by 2002) and no doubt will have expansion plans approved for the two to be re-opened, Cove Point and Elba Island. Everett in Boston was sold by Cabot to Tractebel, whilst Cove Point was sold to Williams which raises the question whether Duke sold their LNG interests at Lakes Charles too soon to CMS energy in 1999.

Europe has been attracting interest with its main activity focused on the Iberian Peninsula. The Spanish market has been opened up and it looks as if there will be two new terminals, one in Bilbao and the other at El Ferrol. Portugal is constructing a new terminal near Sines which should ultimately free up some capacity at Huelva and this news should interest traders.

Turkey will have a second receiving terminal, in Aliaga, ready by September 2001. But as yet there is no information on where the LNG will come from or where the gas will be sold. This terminal is under construction independently from Botas, the state owned energy monopoly, and how it will be utilised is still uncertain. However, what is clear is that the Turkish market has a need for the new facility.

India continues to test the patience of many LNG sellers as the year 2000 has passed without a decision on where their second LNG terminal will be sited (Enron has the first receiving terminal in Dabhol that should receive its first LNG in 2001).

Nigeria LNG is actively marketing sales from its next planned expansion of trains four and five. The market in the Atlantic Basin would clearly seem to be the most attractive one at the moment. There is also a rumour that Nigeria may get a second LNG project (start up +2006) that will have partners different to those involved in the first project, most likely Exxon, Chevron and others. This second plant will probably be located offshore.

Indonesia has had a quiet year with life basically reverting to normal, now that Korea is once again lifting its required quota. The price of the product has also returned to pre-1997 prices well assisted by the rise in crude prices. TotalFinaElf continues to seek buyers for its gas to enable a new train to be built but for the moment there are no developments. Perhaps they are looking forward to the idea of a new receiving terminal on the West Coast of North America that would bring the US market into the commercial reach of South East Asia.

Qatar, with its two plants of Qatargas and Ras Gas in full production still hopes to be the biggest LNG production plant in the world with expansion plans in an advanced stage. No doubt the pressure of a green field plant starting in Iran using the South Pars field will hasten some decision making.
 

The fleet top
lng fleet

There were 113 ships at the end of 1999 but with 14 ships delivered in 2000 there were 127 in December 2000. The total capacity is 13,569,049 cbm comprising of:

Six new "Moss-type" ships were added and eight 'membrane-type', bringing the fleet distribution to 67 "Moss design" and 54 'membrane type'.

Although 2000 was a busy year for ship deliveries, there was significant activity in ship orders. A total of 22 ships were ordered and there are a further seven optional vessels. Perhaps what is really interesting in this orderbook is that there were only five ships ordered by sellers, comprising one for Nigeria LNG ordering its third ship from Hyundai Heavy Industries and Malaysia ordering a further four. All of the others were private shipowners or gas buyers. Tokyo Gas has ordered two ships from Kawasaki, and Tokyo Electric one ship from Mitsubishi. Shell and BP also entered the market with orders for two ships each plus options for a further three each. However, the real event of the year was the speculative orders placed by Exmar and Bergesen (nice to know someone read our report last year!). Exmar have since found employment of their first ship with Enron, whilst Bergesen recently fixed their ship to Tractabel (ex. Cabot). Both of these charters are for 20 years.

2000 saw the arrival of three new LNG owners in Spain. Elcano, Tapias and Marpetrol / Knutsen who have ordered new ships from a new group formed by the merger of Bazan and AESA (now re-branded as Izar), to add to the list of 13 yards able to build LNG ships. The first Spanish ship is due in 2003 and will be a "membrane type" ship. The list of yards building ships is set to grow again next year but we will have to wait to see how negotiations develop.

The not so good news (from the shipowners point of view) for 2000 was that the wave of new orders for all types of vessels has resulted in the ship prices rising again. The new LNG ship price hit a floor of about US$ 143 million in March 2000, but it has now returned to about US$ 165 million for vessels built in Korea. If prices can stabilise around this level we should see some more ships ordered over the next year, speculative maybe, but if 2000 is an example, anyone who orders a firm ship does not need to wait long to find employment for it.

The 'Mystic Lady' was renamed the 'Hoegh Galleon' and was fixed to Enron for 17 years. With this firm business the owners embarked upon major refurbishment work on the ship and it should have been ready by November. Unfortunately, it has been delayed until March / April 2001 following a fire in one of the void spaces whilst undergoing repairs in Singapore.

The Osprey ships that are under charter to British Gas have been performing well and are under great demand. The high gas prices in the USA have resulted in spot charter rates reaching as high as US$ 150,000 per day, rates which must be pleasing some shareholders.

The oldest vessel in the world LNG fleet is now 35 years old (still on charter to Enagas) and there are 46 ships over 20 years old.
 

The spot market top

Well it has still not truly arrived but the number of transactions on short term deals has increased significantly. The CMS terminal in Lake Charles is set to have received a total of 55 cargoes in 2000 alone. CMS, Duke, Enron and El Paso (although their first cargo arrives Jan 1 2001) have all moved cargoes into the United-States. Coral Energy have again been active but Gaz de France is perhaps the surprising entity this year which has seen it moving cargoes on the 'Edouard LD' from Qatar : this a vessel that has spent its entire life trading between Algeria and France. In December the same vessel crossed the Atlantic with a cargo sold to El Paso and will perform a second soon after.

The high gas prices in the United States have encouraged activity in the longer hauls away from the traditional fixed routes. However, even without the high prevailing prices the sellers are now firmly aware that there is a good market where excess volumes can be moved. As the other terminals in the United States open up the opportunities to continue to move gas in that direction will improve. Where there is volatility in the pricing we will see the energy traders desperate to participate with LNG cargoes. At the moment we are not aware of any gas buyer who has not onsold his LNG cargo, as soon as he has signed the purchase contract. However, where we have seen the volatility in the Henry Hub price, it will not be long before we see some LNG cargoes changing hands en route. LNG does pose a problem here, in that you never know how much cargo you will receive due to boil-off, but this can be addressed by only trading some of the molecules and not the entire cargo.

If the trade can develop along these lines the true spot market will arrive, but the shipping will need to be created. Could we have a pooled fleet offering coa-type contracts? Perhaps and we would like to see it happen, although who will participate remains to be seen. We are aware that some large shipowners are looking at this scenario and we would certainly like to encourage large operators such as A P Moller to reassess their view on LNG shipping. A real challenge would be to convince some of the other old pioneers such as P&O and Geogas to re-enter this arena, although their memories may be too good to take such steps.

The LNG market is truly global with cargoes moving east and west. Australia, and Malaysia have sold cargoes into the United-States with Oman and Qatar selling into Europe. Whether buyers obtain full flexibility on destination is perhaps the biggest challenge for the future, but if they do it will greatly assist the spot market for the traders. Imagine a trader buying a cargo from Oman and taking his ship through the Suez Canal. He can try to sell to Turkey, continue west and tempt Greece, whilst still talking to Italy. France is the next opportunity followed by Spain and then if still no luck in the Mediterranean just keep checking the Nymex price in the United-States. If successful in selling in the Mediterranean his vessel can then be well placed to lift a cargo from Algeria or Egypt before returning to the Middle East Gulf area.

There are certainly some interesting years ahead.
 

Conclusion top

We have been tempted to repeat our conclusion from last year which is still valid, especially our view on speculative ships, but that is not in keeping with the innovations in this industry.

Instead we would suggest that as the industry is going through a transition period that will leave a permanent mark. We believe that time is right to try and move away from the staid, and thirsty, steam turbine technology as propulsion. Diesel electric has been discussed for many years but now that the passenger ship industry has embraced gas turbines the LNG industry should perhaps do likewise.

There have been brave decisions made this year with speculative ship orders and a speculative terminal (Turkey). New players are arriving into this industry and at least one 'old' one has re-entered (El Paso) so that LNG is constantly hitting the headlines.

This industry should no longer be considered as specialised but should in fact be recognised as "special" and with this re-branding more new players will be encouraged rather than discouraged as was the case when "specialised" was the brand name.

And last but not least, with a re-branding perhaps our friends in the financial institutions will reassess the financing risks on our speculative new gas turbine vessels, which will truly be "special ships". LNG Shipping Solutions(2) will be the way for the future developments in this industry.

 

(2)j/v between BRS and Clarksons

 




Shipping and Shipbuilding Markets in 2000

I N D E X

›››File
FROM THE HOME PAGE
Spanish ports are benefitting from the effects of the crisis in the Red Sea
Madrid
In the first quarter of this year, transshipment containers increased by 18.6% percent.
Conftransport highlights seven topics to be addressed in EU to relaunch logistics and transport
Rome
Fincantieri creates a company in Saudi Arabia
Riyadh
"The aim is to create a strategic partnership for the development of shipbuilding in the country," he said.
COSCO expects a positive 2024 for the container sector
Shanghai
Waiting for a continuation of the growth trend in place for both shipping and production of containers
In April, container traffic in the port of Algeciras grew by 0.7% percent
Algeciras
More accentuated the increase (+ 7.4%) of the only containers in foreign transshipment abroad
Sharp improvement in the operational and economic performance of ZIM in the first quarter
Sharp improvement in the operational and economic performance of ZIM in the first quarter
Haifa
Growth particularly sustained in service markets in the Pacific and Latin America
In the next 12 months the value of noli in containerized shipping could fall to historic lows
Copenhagen
Danish Ship Finance believes that the effects of excess stir will become predominant
In March, freight traffic in the port of Genoa fell -3.9% percent and in Savona's airport-I'm going -24.2% percent.
In March, freight traffic in the port of Genoa fell -3.9% percent and in Savona's airport-I'm going -24.2% percent.
Genoa
In the capital's record capital, the crucierists for the first quarter of the year
In April, freight traffic in Russian ports decreased by -8%
Order at Fincantieri and EDGE for the construction of ten altura patrols
Abu Dhabi / Trieste
The two companies have formalized the creation of the joint venture Maestral
In the first three months of 2024, CMA CGM's revenue fell -7.0% percent.
In the first three months of 2024, CMA CGM's revenue fell -7.0% percent.
Marseille
Decline of -11.3 per cent of the shipping business volume alone
In 2023 combined transport shipments to Europe decreased by -10.6%
Brussels
Numerous the causes of the disappointing annual performance highlighted by UIRR associates
Last month the container traffic in the port of Valencia amounted to 457mila teu (+ 14.2%)
Valencia
In the first four months of this year, the total was 1.7 million teu (+ 12.8%)
New US duties on imports from China that also affect ship-to-shore cranes
Washington / Beijing
Protest by the association of the Chinese steel industry
In the port of Hamburg it keeps containerized traffic as they drop the bulk
Hamburg
In the first three months of 2024, the German climber handled 27.4 million tonnes of cargo (-3.3%).
SEA Europe and industriAll Europe solicit an EU strategy for the European shipbuilding industry
Brussels
Among the demands, the introduction of the "Made in Europe" requirement in public procurement
Logistics associations urge operators to be ready at the third stage of ICS2
Brussels
Concerns about important goods in the European Union by sea
Marco Verzari is the new secretary general of Uiltransport
Rome
Undergoes to the demissary Tarlazzi
Switzerland increases investment for the exercise and renewal of the rail network
Bern
Expected investment contributions in favour of private facilities
Locomotives powered by Ultimo Miglio of Mercitalia Logistics in service to Gioia Tauro
Joy Tauro
Used to transport cars from Campania to the Calabrian port
The terminalist company SSA Marine creates a division for cruises
Seattle
It is led by Stefano Borzone, manager with experience in the industry
In the first three months of 2024, container traffic in HHLA terminals increased by 3.4%
Hamburg
Stable revenues
The negative trend of the economic performance of Hapag-Lloyd continues.
The negative trend of the economic performance of Hapag-Lloyd continues.
Hamburg
In the first quarter of 2024, revenues fell by -24.2% percent. Noli down -32.0% and cargoes carried by the growing fleet of 6.9%
Brussels gives reason to Italy asking Austria to remove restrictions on road transport of goods to the Brenner
Rome / Vienna
The Tyrolese government announces that it is ready to fight before the EU Court of Justice
In the first quarter of 2024, shipping traffic in the Suez Canal collapsed by -42.9% percent.
In the first quarter of 2024, shipping traffic in the Suez Canal collapsed by -42.9% percent.
Ismailia
In March the reduction was -49.1%
In the first quarter of 2024, Evergreen's net profit rose +187,7 percent.
In the first quarter of 2024, Evergreen's net profit rose +187,7 percent.
Taipei
Investment of more than 65 million in the purchase of new containers
HMM returns to record growth of quarterly economic results
HMM returns to record growth of quarterly economic results
Seoul
In the first three months of 2024, revenues increased by 11.9% percent and net profit of 63.0% percent.
India invests in the development of the Iranian port of Shahid Behesthi (Chabahar)
Chabahar
Announced the next establishment of an indo-Iranian shipping company
Spinelli Srl renews the board of directors
Genoa
New appointments after the precautionary measures arranged by the gip of the Genoa court against Aldo and Roberto Spinelli
In the first three months of 2024, the traffic of goods in the port of Ravenna fell by -6.3%
In the first three months of 2024, the traffic of goods in the port of Ravenna fell by -6.3%
Ravenna
In March, a decline of -1.5%
In the first quarter of this year, the container traffic made in Trieste by TMT decreased by -20.3%
Trieste
In 2023, the traffic of short sea shipping between Spain and Italy fell by -5.2% percent.
Madrid
The motorways of the sea have risen to ten compared to seven in 2022
In the first quarter of 2024, the net profit of Yang Ming grew by +173,1 percent.
In the first quarter of 2024, the net profit of Yang Ming grew by +173,1 percent.
Keelung
The board has deliberated the purchase of new containers
Leonardo signs binding agreement for sale of Underwater Armaments & Systems to Fincantieri
Rome
Total transaction value of a maximum of 415 million euros
Uiltransport, well the amendment for workers of agencies for the port work of Gioia Tauro and Taranto
Rome
Provides for the extension of the allowance up to December
To develop its resilience the port of Livorno looks to the southern shore of the Mediterranean
Livorno
Next month an agreement with the Egyptian port of Damietta
Decarbonization of shipping could create up to four million jobs in the energy supply chain
Copenhagen
Study of the Getting to Zero Coalition
In the first three months of 2024 the traffic in goods in the port of Venice decreased by -9.8%
In the first three months of 2024 the traffic in goods in the port of Venice decreased by -9.8%
Venice
Growth of liquid bulk and rotatable bulk. Decline of solid bulk and containers
ISS-Tositti and intergroup have established the newco ISS-Tositti Agency
Venice
Synergistic fusion of the skills of both realities
Rasmussen (Bimco) : When the ships return to cross Suez shipping containerized shipping will have to reckon with an excess of stir
Copenhagen
Currently the impact of record deliveries of container carriers is absorbed by the additional capacity needed for the route around Africa
U.S. Intermarine enters the segment of the reins
Houston
Established the Intermarine Bulk Carriers that will manage the bulk carriers of the German group Harren
President of the Liguria Region, former president of West Liguria's AdSP, and entrepreneur Spinelli
Genoa
Among those achieved by the measures, the president of Ente Bacini
WWF, sustainable planning for the largest marine areas in the EU is fragmented and incomplete
WWF, sustainable planning for the largest marine areas in the EU is fragmented and incomplete
Brussels
The most discomforting scenario is that of the Mediterranean basin
In the first quarter the performance of combined transport in the EU kicked off
Brussels
Decrease in container traffic, strikes, work on infrastructure and weak economy among causes
CargoBeamer secures funding for 140 million euros from public and private investors
Lipsia
They will be used to expand the two intermodal terminals in Kaldenkirchen and Domodossola
Renewed the Management of SOS LOGistics
Milan
Daniele Texts has been confirmed to the presidency
New maxi seizure of drugs in the port of Civitavecchia
Rome
Intercepted a shipment of marijuana of more than 442 kilograms
Mercitalia Shunting & Terminal equipped with new locomotives for rail manoeuvre
Rome
These are locomotors DE 18 produced by Vossloh Rolling Stock
Saipem to fix contracts in Angola to total 3.7 billion
Milan
They were awarded by a company controlled by TotalEnergies
In April, container traffic in the port of Los Angeles grew by 11.9% percent
Los Angeles
In the first quarter of 2024 the increase was 24.8%
FERCAM bars on the Indian market
Bolzano
Opened a branch in New Delhi. The presence will be extended to Mumbai, Calcutta, and Chennai
Fincantieri vars a logistics support unit in Castellammare di Stabia
Trieste
It is the second LSS built for the Italian Navy Navy
Ferretti inaugurates the renewed nautical construction site of La Spezia
The Spezia
The ligure establishment is dedicated to the production of the Riva yachts
Positive first quarter for Global Ship Lease
Athens
Revenue in growth of 12.7%
Launched by Interporto Padova the intermodal service of Trans Italy with the Interport of Livorno Guasticce
Padova
Initially it provides for two weekly circulations
Operating the new automated gate at Reefer Terminal of Going Ligure
Go Ligure
The drivers can carry out the loading and unloading activities without getting off the vehicle
Last month container traffic in the port of Hong Kong decreased by -10.2%
Hong Kong
In the first eventful four-year period 4.5 million teu (-4.7%)
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
DP World inaugurates new port infrastructure and logistics in Romania
Dubai
New terminals in the port of Costanza destined for cargo project and rotatable
In April, the growth of container traffic in the port of Long Beach continued.
Long Beach
In the first quarter of 2024, the increase was 15.8% percent.
Uniport Livorno buys three new port tractors
Helsinki
Kalmar will deliver them in the last quarter of 2024
They will rise from five to six the weekly rotations of the Melzo-Rotterdam service of Hannibal
Melzo
Increase in frequency as of June 10
In 2023, the revenues of Maritime stations increased by 18.5%
Genoa
Net profit to 1.7 million euros (+ 75.5%)
In the first three months of 2024, freight traffic in the port of Koper fell by -6.6% percent.
Lubiana
In March, the decline was -3.1% percent.
In April, freight traffic in the port of Singapore grew by 8.8%
Singapore
The containers were equal to 3.4 million teu (+ 3.8%)
Quarterly traffic of the growing containers for Eurogate and Contship Italia
Hamburg
In the first three months of 2024 the eventful volumes increased by 8.0% percent and 4.9% percent respectively.
Meyer Werft has delivered to Silversea the new luxury cruise ship Silver Ray
Papenburg / Vienna
It has a capacity of 728 passengers
In the first three months of 2024, new orders acquired by Fincantieri fell by -40.7% percent.
Rome
Stable the revenues
Call for tenders for the structural adjustment of a quay of the port of Ancona
Ancona
The amount of the contract is 16.5 million euros
Port operators in La Spezia call for a relaunch of the port
The Spezia
They solicit targeted and effective actions
In the first quarter of this year, the traffic of goods in Montenegrin ports grew by 1.8% percent
Podgorica
The flow to and from Italy has increased by 16.2%
GNV installs a system to ensure the stability of ships
Genoa
NAPA Stability, developed by Finnish NAPA, has been extended to ferries
Decided to drop -24.9% percent of goods in Croatian ports in the first quarter of this year
Decided to drop -24.9% percent of goods in Croatian ports in the first quarter of this year
Zagreb
The containers were equal to 92mila teu (-0.4%)
Vard will build two Commissioning Service Operation Vessel
Trieste
They are intended for a company in Taiwan
The new maritime station of the port of Termoli is running.
Termoles
In 2023 the Molisan climber handled more than 217mila passengers (+ 5%)
New line of CTN that links the ports of La Goulette, Livorno, Salerno and Rades
Genoa
Will be inaugurated on May 21
In the first three months of 2024 the revenues of Wan Hai Lines grew by 8.1%
Taipei
Net profit of approximately 143 million US dollars
The growth trend of Taiwanese Evergreen and Yang Ming is continuing.
Taipei / Keelung
In April, it increased by 42.4% percent and 35.3% percent, respectively.
Evergreen orders 10,000 new containers
Taipei
Committed 32.3 million to the Dong Fang International Container (Hong Kong)
Vard will build an Ocean Energy Construction Vessel for Island Offshore
Trieste
It will be delivered in the first quarter of 2027. Option for two more ships
Lombardy among the most virtuous regions in food transport
Milan
Over 50% of the controlled temperature vehicles are matriculated in classes 5 and 6
Positive quarterly economic performance by Wallenius Wilhelmsen
Lysaker / Oslo
Ad Emanuele Grimaldi on 5.12% of the capital of the Höegh Autoliners
In the first three months of 2024, container traffic in New York increased by 11.7%
New York
In March, growth was 22.1% percent
Inaugurated the road of connection with the new areas of the port of Piombino
Plunge
The infrastructure cost 10.1 million euros.
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
Tomorrow in Livorno a conference on the history of the city port
Livorno
It will be talked about architecture, trade and politics between the XVI and the twentieth century
On April 11, the sixth edition of the "Italian Port Days" will begin.
Rome
Also this year the project has been divided into two sessions : the first in the spring and the second from September 20 to October 20
››› Meetings File
PRESS REVIEW
Chabahar Port: US says sanctions possible after India-Iran port deal
(BBC News)
Iran says MSC Aries vessel seized for 'violating maritime laws'
(Reuters)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Mario Mattioli
Roma, 27 ottobre 2023
››› File
First quarter of the year hardship for Finnlines
Helsinki
Accentuated increase in operating costs
In 2023 the turnover of Fercam decreased by -6%
Bolzano
Established a company in Lithuania
ICTSI recorded record quarterly economic performance
Manila
In the first quarter of this year, the traffic of goods in Albanian ports increased by 3.4% percent
Tirana
Passengers decreased by -1.9%
Speeding up the times to make the port of the Spezia and its retroport the first ZFD
The Spezia
They ask for maritime agents, customs officers and freight forwarders
Air and passenger routing service in the ports of Olbia and Gulf Aranci
Cagliari
It will be managed by the Roman Italpol Fiduciary Services
Decision to drop -15.1% percent of goods in the port of Taranto in the first quarter
Taranto
The loads at the landing decreased by -21.0% and those at the embarkation of -8.7%
This year the national forum for rail freight transport Mercintrain will be held in Padua
Padova
It will take place within the scope of Green Logistics Expo
Inaugurated in Safaga, Egypt, a factory for the construction of tugboats
Safaga
Ten naval units will be carried out for Suez Canal Authority
New Italy-Libya-Egypt service of Tarros and Messina
The Spezia / Genoa
It will be inaugurated in mid-June and made with two ships
Tomorrow PSA Venice will open the Venetian terminal to the port community and the city
Venice
Hannibal plans to activate a rail link between Italy, Hungary and Romania
Melzo
Two weekly rotations will be inaugurated by the end of 2024.
Approved the 2023 consuntive budget of the Central Tirreno's AdSP
Naples
Annunziata : the coming years, fundamentals to finalise the European investment of the PNRR
Sensitive increase in the production and sale of CIMC dry boxes
Hong Kong
Chinese firm responds to growth in demand
Approved the consuntive budget 2023 of the AdSP of the South Tyrrhenic and Ionian
Joy Tauro
May 6 meeting at MIT on the future of the Gioia Tauro Port Agency
The 2023 budget of the East Ligure Sea AdSP shows a primary surplus of six million
The Spezia
In the year new investments of around 17 million euros
Cargotec's quarterly net profit to 81.2 million (+ 11.8%)
Helsinki
In the first three months of 2024, revenues fell by -1.7% percent.
The negative trend of the economic performance of the ONE continues, less marked.
The negative trend of the economic performance of the ONE continues, less marked.
Singapore
In the first three months of 2024 the goods in containers carried by the fleet increased by 15.6%
The Genovese Messina has taken delivery of the largest ship in its fleet
Genoa
The "Jolly Verde" is a 6,300-teu container ship
The inclusion of the Civitavecchia port in the Core network of the TEN-T network is final.
Cyvitavecchia
On Wednesday the OK of the European Parliament
In 2023 the goods transported by Rail Cargo Group decreased by -11%
Vienna
Revenue in decline of -1.8%
Sustained quarterly growth of new orders acquired by Wärtsilä
Helsinki
In the first three months of this year, the group's revenues fell by -9.8% percent.
DIS orders two more new tankers LR1
Luxamburgo
New commits at the Jiangsu New Yangzi Shipbuilding Co.
- 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