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03 September 2025 - Year XXIX
Independent journal on economy and transport policy
20:21 GMT+2
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FORUM of Shipping
and Logistics


The Tanker market
in 2000

Crude oil transpor

   

The evolution in freight rates as compared to 1999 has been a real revolution ! Things have accelerated at a pace that no expert could have predicted. From a situation of pseudo-crisis, owners have swung in the space of several months to an unexpected climate of high profitability. This change is all the more surprising in that it applies throughout the whole range of the tanker fleet.

Not only is this a situation which has not been seen since 1973, but above all it seems that it has put paid to the wild fluctuations in rates which have been so characteristic of previous years. Everything points to the tanker market world entering in a new era.

The profound "sea change" which has occurred is in fact due to a combination of several factors : a sustained world growth producing a strong demand for crude oil, a rise in crude prices which has prompted producers to increase their production, and a much greater extension shown by both owners and charterers to aspects of security.

Thus after a quick analysis of the various contribution causes, we shall review the actual effects that have been produced in the main tanker categories. And finally we will try to give our explanations as to why we think that today's current climate is likely to continue over the next few years.
 

The main reasons for this improvement top
The majority of oil importing countries have experienced an extremely strong economy, with record growth levels

For the majority of countries hit by the Asian crisis, the recoveries were much quicker than predicted and their energy requirements grew rapidly. Similarly western countries and in particular the U.S. maintained their growth and energy high levels of consumption. Nonetheless it is worth recalling that the forecast is for a reduced growth in 2001 and that the overall situation in certain countries (Korea and above all Japan) is far from being remedied.

Whereas in 1999 the rise in crude oil prices was dictated by political restrictions from producing countries, the scenario in 2000 was quite different. OPEC has loosened its grip by increasing its production quotas and the majority of producers are now at their maximum capacity. Oil prices are subject again to the traditional laws of supply and demand, whereas to some extend, last year they were artificially sustained.


 

Despite the context of strong demand, global tanker capacity would have been able to fulfill the needs without precipitating the substantial upheavals that we have seen in the freight rates.

Despite the considerable achievements made by the vast majority of oil companies and shipowners over the last 20 years in maritime safety measures and a proportional drop in oil spill accidents, a single disaster was enough to set the market ablaze.

The over-reaction of the media which followed the sinking of the 'Erika' and the extreme commentaries and conclusions which followed, helped provoke an electric shock amongst the players of the profession. The recent accident on the Mississippi of the 'Westchester' will certainly help to consolidate a good number of safety measures taken and accelerate even faster the disposal of single-hulls.

Whilst some of the decisions adopted by politics and oil companies could be termed arbitrary, they have resulted overnight in a totally new and radical approach in determining the choice of tonnage.

Following the U.S. lead, Europe collectively is in the process of setting up its own code of good conduct, affecting the different players : classification societies, flags states, port state controls, and the progressive scrapping of the oldest ships, etc.

In anticipation of these measures, a good number of oil companies have already set up protective steps when chartering-in and have reinforced their systems of vetting, giving priority to recent tonnage (less than 15 years) and applying even stricter criteria for anything between 15 - 20 years.

Given the inherent over-capacity of the world tanker fleet, and above all its age structure, it has been enough to create a drastic reduction in tonnage on offer and to send rates sky-high.

Added to this, has been a strategic consolidation of shipowners, which had started in 1999 and is being reinforced, one can appreciate in the context of sustained demand, the new configuration of the current market.

 

Impact on freight rates
top

From the slump of last year with average earnings being less than $20,000 per day, shipowners not only have achieved acceptable payback levels, but are also ending the year in ecstasy with in some cases earnings up to $100,000 per day !!

With strong demand and full production in most areas, only the Middle East Gulf can perform as the swing source of supply, consequently VLCCs movements have been constantly rising.

In addition one cannot overlook the major role that the West African market plays today : although VLCC liftings remain globally constant, we can notice that there has been a virtual tripling of shipments to the East (Korea and China principally).

This market which was relatively marginal for shipowners up till now, has been transformed into a real "gold mine" in recent months. It suffices to compare the rates which were obtained on the West Africa to US Gulf route in 1999 of about $20,000 per day with the steady increase since the beginning of the year to levels which are exceeding $85,000 per day at the end of the period.

In conjunction with an enforced emphasis on quality sought by the main charterers (giving a priority to new-built vessels) it is equally the changes in vessel supply organisation which has completely reversed the situation.

At the beginning of the year, the setting up the pool "Tankers International" (the commercial operator of six major shipowners) had a profound impact on the market, combining good modern units (25 % of the VLCC fleet under 10 years-old) under one entity. In the light of a steady and firm demand, the pool was able to exercise its strengths straightaway. The economic recovery in Asia and the growing requirements from China helped push up the already high percentage ( over two thirds) of movements to this area.

The Chinese market is far from reaching its full potential, but the 1.5 million bbl/day of imports averaged over 2000 already is the double of 1999. Whereas up till now only Japan and Korea have applied strict selection procedures, it is probable that there will be a progressive tightening of measures by other countries which will help ensure sustained rates for the years to come.

Even if the economic growth over the next three, four or five years does not match the current levels, the role of the Middle East Gulf will become extremely important and will favour the largest size of units.
 

top

With the exception of a short and sudden drop in rates at the end of the summer, levels were likewise steadily upwards for this segment of the market.

On the traditional route of reference West Africa / US Gulf, the equivalent time period charters went form $15,000 per day in 1999 to more than $50,000 per day currently.

The other new and significant phenomenon is that the time yardstick for this category of vessels is no longer West Africa but the European zone and in particular the Mediterranean. In addition to the traditional movements from the Sumed pipeline at Sidi Kerir and the exports of Russian crude from the Black Sea there is now, thanks to the progressive freeing-up of Iraqi sales, steady movements out of Ceyhan.

The projected crude oil exports from the Caspian Sea will help strengthen the importance of this zone in the coming years, as exemplified by the C.P.C. (Capesize Pipeline Consortium) which is due to come into operation as from July 2001. Its initial capacity with the Novorossiysk terminal will be about 28 million tons per year. The Turkish authorities will certainly insist on modern tonnage for the passage through the Bosporous.

In line with VLCCs, the age structure of Suezmax fleet has significantly changed over the last few years and the figures are today comparable in these two categories namely some 70 % less than 15 years and only 30 % above . As a reminder the ratio, only two years ago was 51/49 %.

In light of the general trend and the recent change in mentality in the overall market (valid for the three categories - VLCC / Suezmax / Aframax), a good number of the older vessels have repositioned themselves East of Suez where conditions are less strict. But for how long will their situation last ?
 

top

There again from an average of about $10,000 per day in 1999, the returns have literally taken off this year. On some routes in recent months, shipowners were obtaining TCE levels above $50,000 per day!

Rates rose spectacularly over the last twelve months in all areas. However, for the reasons already mentioned above, this phenomenon was slightly less pronounced East of Suez.

In the Mediterranean, levels were around $15/16,000 per day in January, and at $50,000 per day during the fourth quarter. In the North Sea where TCE rates are less significant, they started at US$20,000 per day to finish at the end of the year sometimes above $70,000 per day. As to the Caribbean, where the market remains extremely volatile, January saw slows of $15,000 per day while December hit highs of $50,000 per day.

In this segment of the tanker fleet, the age structure is slightly different from the two preceding categories, with 65 % less than 15 years and 35 % above. Nonetheless, it is important to realise that 27 % of the current fleet is between 15 - 25 years. This helps explain some draconian measures already taken by some charterers.

On the other hand, a considerable proportion of newly-built units are transporting refined products, which naturally limits even further the choice for the crude oil charterers.

Consequently the main oil companies complying to the new rules or recommendations in forces are confronted with a scarcity of supply and now have to adopt strategies which they rarely faced in the past. To ensure quality tonnage, nowadays, to fix tonnage with an earlier notice to owners. As the majority of voyages are relatively short, this means that vessels frequently have to perform two or even three intermediate voyages, thus putting a considerable risk in case of delays including bad weather or port congestion. Assuming these risks is yet another reason to expect the preserve on higher freight rates being maintained.
 




Shipping and Shipbuilding Markets in 2000

I N D E X

›››File
FROM THE HOME PAGE
Assiterminal, simplify and standardize dredging procedures to restore the operational competitiveness of ports.
Genoa
The association highlights the need to allow terminal operators to join together to self-produce energy from alternative sources.
Cargo and cruise traffic in eastern Sicily ports is on the rise
Catania
In the container segment, an increase of +27.9% was recorded
FS Logistix and Lineas form joint venture to manage the Antwerp Mainhub Terminal
Antwerp
Rail services between Antwerp and Milan expected to increase
Attack on a product tanker in the Red Sea
Southampton
A missile fell near the ship which suffered no damage
Sea trials have been completed for the new GNV Virgo ro-pax vessel.
Genoa
In the first half of the year, Singamas' container sales decreased by -10%.
Hong Kong
The average selling price dropped by -3.8%
COSCO Shipping Holdings Group's revenues fell by -3.4% in the second quarter of 2025.
COSCO Shipping Holdings Group's revenues fell by -3.4% in the second quarter of 2025.
Shanghai
Sharp decline in economic performance in the trans-Pacific and Asia-Europe markets
For Federlogistica, the bridge over the Strait of Messina will have the miraculous power to gradually eliminate a framework of social injustices.
For Federlogistica, the bridge over the Strait of Messina will have the miraculous power to gradually eliminate a framework of social injustices.
Genoa
Falteri: it can become the artery of an economic and social body that has been underdeveloped to date
SBB CFF FFS Cargo's half-year performance was negative.
Bern
The Swiss company announced a drop in volumes in both domestic and transit traffic.
COSCO Shipping Ports reports record quarterly revenue
Hong Kong
In the April-June period, net profit was 122.4 million dollars (+32.4%)
Cargo traffic at Chinese seaports hit a new record high in July
Cargo traffic at Chinese seaports hit a new record high in July
Beijing
Foreign traffic amounted to 427.6 million tonnes (+6.1%)
South Korea's HD Hyundai Heavy Industries Co. and HD Hyundai Mipo Co. to merge
Seoul
The completion of the operation is expected for next December 1st.
Filt Cgil, priority should be given to valorizing AdSP workers rather than assigning positions
Rome
The union denounces the failure to comply with the National Collective Labour Agreement
Companies inform
Accelleron and Geislinger: An Evolving Technical Collaboration
In the second quarter of this year, freight traffic in the port of Venice grew by +4.1%
Venice
There were 228 thousand cruise passengers (+12.8%)
COSCO Shipping International's revenues increased by 10.3% in the first half of the year.
Hong Kong
Net profit was HK$494.6 million (+26.0%)
G20 nations' merchandise trade showed modest growth in the second quarter
Geneva
The increase in trade in services was more pronounced
South Korea's HD Hyundai announces multibillion-dollar investment program to revitalize the U.S. shipbuilding industry.
South Korea's HD Hyundai announces multibillion-dollar investment program to revitalize the U.S. shipbuilding industry.
Seongnam
Agreements with the US investment firm Cerberus Capital and the Korea Development Bank
MSC World Europa cruise ship crashes off the coast of Ponza
Rome
The Coast Guard reports that the situation on board, where there are 8,585 people, is calm and under control.
MSC World Europa has resumed autonomous sailing
Rome
Electrical problem solved, the cruise ship is headed for the port of Naples
PostEurop warns that from August 29, shipments of goods to the USA could be limited or suspended
Brussels
Last month, Trump eliminated tariff exemptions for low-cost goods.
Chinese oil company OOIL sees growth in its half-year financial results.
Hong Kong
In the first six months of this year, revenues increased by +5.0%
Premier Alliance to split Mediterranean Pendulum 2 service next month
Seoul/Singapore/Keelung
Investment firm CVC Capital Partners exits Boluda Maritime Terminals and TTI Algeciras
Schiphol
The two terminal companies manage a total of nine Spanish port terminals
ZIM's quarterly economic and operating performance declines
ZIM's quarterly economic and operating performance declines
Haifa
In the period April-June the average value of freight rates fell by -11.6%
Interferry's Entry/Exit System risks delaying ferry operations at European ports.
Victoria
The system will come into force on October 12th
DFDS closes second quarter with a loss
Copenhagen
In the period April-June 2025 the fleet transported 10.6 million linear meters of rolling stock (-0.4%)
Ammonia and methanol are ready to decarbonize shipping, but some obstacles to their use must be removed.
New record quarterly results for the American cruise group Viking
New record quarterly results for the American cruise group Viking
Los Angeles
The April-June period closed with a net profit of 439.2 million dollars (+182.2%)
Container traffic in the port of Barcelona grew by 1.8% last month.
Barcelona
202,321 TEUs handled at loading and unloading (+10.4%) and 142,492 TEUs in transit (-8.3%)
In the second quarter of 2025, freight traffic in the Port of Hamburg grew by +4%
In the second quarter of 2025, freight traffic in the Port of Hamburg grew by +4%
Hamburg
Sharp increase in transshipment container volumes (+26%)
Norway's Xeneta has bought Denmark's eeSea
Oslo
Both companies provide data and information for the optimization of containerized maritime transport
In the April-June quarter, freight traffic in Tunisian ports decreased by -3.8%
La Goulette
In the first six months of 2025, 13.8 million tonnes were handled (-3.2%)
Port of Koper sets new quarterly records for containers and rolling stock
Ljubljana
In the period April-June, 5.6 million tons of goods were moved (-4.1%)
Port of Los Angeles hits record monthly container traffic
Los Angeles
Over one million TEUs were handled in July (+8.5%)
Hapag-Lloyd reports second quarter increases of +2.0% in revenues and +12.4% in containers transported by the fleet
Hapag-Lloyd reports second quarter increases of +2.0% in revenues and +12.4% in containers transported by the fleet
Hamburg
Net profit fell by -39.4%
Evergreen reports an 18.7% drop in quarterly revenues
Taipei
The April-June period closed with a net profit decrease of -62.9%
South Korean company HMM's revenues fell by 1.5% in the second quarter.
Seoul
Trump announces rejection of IMO's shipping decarbonization program
Washington
The proposed framework - it is denounced - is in effect a global carbon tax that affects Americans and is imposed by an irresponsible United Nations organization.
Taiwanese companies Yang Ming and Wan Hai Lines reported negative results in the second quarter.
Taiwanese companies Yang Ming and Wan Hai Lines reported negative results in the second quarter.
Keelung/Taipei
In the period April-June, revenues decreased by -26.5% and -8.7% respectively
Cruise traffic at Global Ports Holding terminals grew by 6.0% in the second quarter
Istanbul
In the first six months of 2025, an increase of +16.7% was recorded
In the period April-June, cargo traffic in Croatian ports decreased by -4.0%
Zagreb
Cruise passengers grow by +5.4%
Container traffic at US ports is expected to plummet in the second half of this year.
Washington/Long Beach
In July, the Port of Long Beach handled 944,000 TEUs (+7.0%)
ThyssenKrupp shareholders approve spin-off of ThyssenKrupp Marine Systems
Eat
The company will be listed on the Frankfurt Stock Exchange
WTO: Measured responses have cushioned the impact of tariffs in 2025, but risks remain high for 2026.
WTO: Measured responses have cushioned the impact of tariffs in 2025, but risks remain high for 2026.
Geneva
Global trade in goods is expected to grow by 0.9% this year
Hupac will increase the number of weekly rotations between Busto Arsizio and Basel from five to eight
Noise
Increase in attendance from September 1st
From January 1st, new bunkering regulations will apply in the ports of Rotterdam and Antwerp.
Rotterdam
The barges must be equipped with flow meters
Maersk reports higher quarterly revenue, lower earnings
Maersk reports higher quarterly revenue, lower earnings
Copenhagen
Terminals and logistics have made a positive contribution. Container shipping benefits from demurrage revenues.
The CIPESS has approved the final project for the bridge over the Strait of Messina.
Rome
Construction will begin this year and the project will be completed in 2032.
DHL Group revenues fell by 3.9% in the second quarter
DHL Group revenues fell by 3.9% in the second quarter
Bonn
Significant reduction in shipments from China and Hong Kong to the US due to Trump's abolition of the de minimis regime
The Grendi group has acquired 70% of Dario Perioli Spa
The Grendi group has acquired 70% of Dario Perioli Spa
Milan
The remaining 30% will remain with Fingiro, owned by Michele Giromini, the company's CEO.
HMM announces failure of SK Shipping acquisition talks
Seoul
The operation reportedly fell through due to a disagreement on the transaction price.
In the second quarter, freight traffic in the port of Taranto increased by +22.8%
Taranto
Containers stopped at just 4,000 TEUs (-27.4%)
In the first half of the year, the operating revenues of the Ferrovie dello Stato Italiane group grew by +2.3%
Rome
In the goods segment alone, an increase of +6.9% was recorded
Pacific Environment calls on IMO to adopt binding measures to reduce the impact of shipping on the Arctic
Anchorage
In the first half of 2025, freight traffic in the port of Palermo increased by +0.5%
Palermo
Rolling stock is growing. Other freight is declining.
In the second quarter, ship traffic in the Panama Canal increased by +16.3%
In the second quarter, ship traffic in the Panama Canal increased by +16.3%
Panama
Panama Ports Company says it is ready to confront the Panamanian government, but "at the appropriate time."
The National Retail Federation has strongly condemned Trump's tariff policy.
Washington
New tariffs will impact goods in the coming weeks
Mulino proposes the Panamanian state's entry into the consortium interested in acquiring Panama Ports Company.
Panama
Supreme Court verdict on concession contract pending
Container shipping company ONE's quarterly results worsen
Container shipping company ONE's quarterly results worsen
Singapore
In the April-June period, revenues decreased by -4% and net profit dropped by -89%.
Accidents to dock workers occur equally frequently on board ships as on land.
London
ICHCA report on nearly 500 accidents over the past 25 years
Norwegian Cruise Line Holdings reports record performance for the April-June quarter
Norwegian Cruise Line Holdings reports record performance for the April-June quarter
Miami
Bookings reached an unprecedented level
The conference "EU ETS - Perspectives and Opportunities for Decarbonization in the Maritime Sector" will be held in Palermo.
Rome
It will be held on September 18th and 19th
Fincantieri and PGZ sign an agreement to support the modernization of the Polish Navy
Trieste
The third LSS section for Chantiers de l'Atlantique was launched in Castellammare di Stabia.
In the US, funding for wind energy development projects in ports is being cut.
Washington
Resources worth $679 million will be reallocated for port infrastructure upgrades
From January 1st, Kombiverkehr will operate the PKV intermodal terminal in the port of Duisburg.
Frankfurt am Main
It has a traffic capacity of approximately 200 thousand intermodal units per year.
Wallenius Marine and ABB form Overseas joint venture
Stockholm
The aim is to accelerate the launch of the platform of the same name for improving fleet performance.
The Ministry of Infrastructure and Transport has asked the Region to agree on the appointment of Bagalà as president of the Sardinian Port Authority.
Rome
He is currently the extraordinary commissioner of the same body
DHL eCommerce has acquired a minority stake in Saudi Arabia's AJEX Logistics Services.
Bonn/Riyadh
The Middle Eastern company has two thousand employees
CMPort's port terminals handled record container traffic in the second quarter
Hong Kong
In the first six months of 2025 the total was 78.8 million TEUs (+4.3%)
Confitarma approves the decree on advanced training for tanker seafarers.
Rome
Applause to the General Command of the Port Authority Corps
Quarterly freight traffic in Moroccan ports increases
Tangier/Casablanca
In Tanger Med the growth was +17%
The board of directors of the Genoa-based Ente Bacini has been renewed.
Genoa
President Alessandro Arvigo and CEO Maurizio Anselmo
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
In the second quarter, sales of dry containers produced by CIMC fell by -33%.
Hong Kong
Reefer boats increase by 57%
The Grimaldi Group has taken delivery of the Grande Shanghai
Naples
It will be used for the transport of vehicles between East Asia and Northern Europe
The ART urges to verify that the investment plan and the related amortization period are consistent with the duration of the port concessions.
Turin
Chinese automaker FAW ships components to Europe by train
Changchun
Transit time reduced to 18 days compared to 45 days for maritime transport
The assets and fleet of the Spanish Armas Trasmediterránea will be sold to Baleària and DFDS
Las Palmas/Dénia/Copenhagen
Two agreements worth €215 million and €40 million respectively have been signed.
Italian State Railways (FS), investing €70 million to install the ERTMS system.
Rome
Work has been completed on 382 Trenitalia trains, while the retrofitting of 60 locomotives from Mercitalia Rail, an FS Logistix company, is underway.
MPC Container Ships' quarterly revenue returns to growth
The second quarter of 2025 was closed with a net profit of 78.1 million dollars (+20.5%)
Plans to build two container customs areas north and south of the Suez Canal
Cairo
Fourteen of the 48 abandoned shipwrecks in Catania port have been removed.
Catania
The activity will be replicated in the port of Augusta
The Regional Administrative Court (TAR) has confirmed the validity of the tender for the new Ravano Terminal in the port of La Spezia.
La Spezia
DP World's port terminals handled record quarterly container traffic
Dubai
Revenues grew by 22.2% in the first half of 2025
In the quarter April-June the volume of rolling stock transported by Höegh Autoliners increased by +9.0%
Oslo
Sharp increase (+46.6%) of vehicles from Asia
South Korea's HD Korea Shipbuilding & Offshore Engineering acquires Vietnam's Doosan Enerbility
Seongnam
It manages an industrial area with its own port facility
Container traffic in the port of Algeciras grew by 6.6% in July
Algeciras
In the first seven months of 2025, a decrease of -2.9% was recorded
In July, the port of Valencia handled 488,000 containers (+6.7%)
Valencia
Increase driven by growth in empty containers
Salvini has appointed Annalisa Tardino as extraordinary commissioner of the Western Sicilian Sea Port Authority.
Rome/Palermo
The President of the Sicilian Region announces the appeal against the provision
The materials dredged in the ports of La Spezia and Carrara will be used for the construction of the new breakwater in Genoa.
Genoa/La Spezia
Agreement between the two Ligurian Port System Authorities
X-Press Feeders denounces authorities' failure to acknowledge responsibility in the X-Press Pearl accident
Singapore
According to the company, the Supreme Court ruling ignores international maritime law
Container traffic in the port of Hong Kong decreased by -6.5% in July
Hong Kong
A decline of -3.7% was recorded in the first seven months of 2025
Cargo traffic in Russian ports remained stable in July
St. Petersburg
In the first seven months of 2025, loads decreased by -4.6%
In July, the Port of Singapore set a new all-time record for monthly container traffic with 3.9 million TEUs.
Singapore
In terms of weight, containerized cargo decreased by -3.6%
Compensation to be paid by the Civitavecchia Port Authority in the Fincosit case has been set at €1.5 million.
Civitavecchia
Latrofa: The ruling allows the release of set-aside sums that have frozen the budget for years.
Germany's HHLA posts record quarterly revenue
Hamburg
In the second quarter, the group's port terminals handled 3.2 million containers (+7.9%)
In the first half of 2025, CK Hutchison's port terminals handled 44 million containers (+4.0%)
Hong Kong
In the quarter April-June the Wallenius Wilhelmsen fleet transported 14.8 million cubic meters of rolling stock (-0.5%)
Lysaker
Revenues down by -0.7%
In the second quarter, Montenegro's ports handled 670 thousand tons of goods (+0.6%)
Podgorica
Volumes with Italy amounted to 154 thousand tons (+53.1%)
With the arrival of the first container ship, the testing of operational procedures at the Rijeka Gateway begins.
The Hague
The first commercial ship is expected on September 12th
A proposal to bring the port of Taranto back onto global container routes? Start a discussion table.
Taranto
Meeting on the status of freight traffic
Port of Ancona: Tender for demolition of fire-damaged Tubimar warehouses
Ancona
The expected duration of the works is four and a half months
Merger of the German MACS and Hugo Stinnes, both active in the MPP vessel segment
Hamburg/Rostock
Stinnes headquarters in Rostock to close by December 31
A.SPE.DO, operationalizing the Smart Terminal to increase the competitiveness of the port of La Spezia.
La Spezia
In the second quarter, freight traffic in Albanian ports grew by +2.9%
Tirana
There were 331 thousand passengers (+13.6%)
ING loans to Premuda for over 100 million dollars
Milan
Funds for the management buyout and the purchase of two product tankers
Sallaum Lines has taken delivery of the first of six Ocean-class dual-fuel PCTCs
Rotterdam
The ship was completed four months ahead of schedule
First meeting of the new Management Committee of the Western Ligurian Sea Port Authority
Genoa
Several measures approved, including those for CULMV and CULP staff
Euroports to operate a new liquid bulk terminal in the French port of Port-La Nouvelle
Beveren-Kruibeke-Zwijndrecht
It is expected to become operational in 2026
In the second quarter, freight traffic in the port of Ravenna increased by +2.6%
Ravenna
Growth of 0.6% was recorded in June. An increase of 4.8% is expected in July.
OsserMare presents five reports on the marine economy
Rome
They focus on a specific sector supply chain or aspect of it
Port of Naples: Road haulage operations resume
Naples
Resolution meeting between institutions, operators and trade associations
ICTSI again reports record quarterly financial and operating results
Manila
Global Ship Lease Reports Record Quarterly Revenue
Athens
In the April-June period, net profit was 95.4 million dollars (+8.4%)
Vard receives new order from North Star for two hybrid SOVs
Trieste
Contract worth between 100 and 200 million euros
The Panama Shipping Registry will no longer accept the registration of oil tankers and bulk carriers over 15 years old.
Panama
Measure to counter the use of the shadow fleet
Danaos Corporation reports record quarterly revenue
Athens
The April-June period closed with a net profit of 130.9 million (-7.3%)
New customs fast corridor between the port of La Spezia and Interporto Padova
Padua
It adds to the other three already active on the same route
ICTSI to operate Indonesia's Batu Ampar Container Terminal
Manila
It is located on Batam Island
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The conference "EU ETS - Perspectives and Opportunities for Decarbonization in the Maritime Sector" will be held in Palermo.
Rome
It will be held on September 18th and 19th
Confindustria's event on the maritime economy will take place in Rome on July 15th.
Rome
The confederation's strategic document on the sector will be presented
››› Meetings File
PRESS REVIEW
Oman to build Middle East's first green ship recycling hub
(Muscat Daily)
EU mulls 10-year tax holiday for jet and shipping fuels, draft shows
(Reuters)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Pino Musolino has been appointed CEO of the Alilauro shipping company.
Naples
He replaces the resigning Eliseo Cuccaro
In the second quarter, DIS' time charter revenues fell by -37.1%.
Luxembourg
Net income was $19.6 million (-70.5%)
Wista Italy denounces the exclusion of women from the nominations of port authority presidents.
Milan
Musso: The glass ceiling that prevents women from accessing leadership roles remains.
Austrian Rail Cargo Group is focusing on the development of the Sommacampagna-Sona intermodal terminal.
Vienna
Ten-year agreement
In the second quarter, maritime traffic in the Bosphorus Strait decreased by -6.0%
Ankara
18.1% decline in ships over 200 metres in length
Fifty kilos of cocaine seized at the port of Civitavecchia
Rome
They were hidden inside a reefer container arriving from Ecuador
Trump has eliminated tariff exemptions for low-cost goods for all nations.
Washington
Goods with a value of less than $800 will also be subject to the tax.
Viking Mira was launched at Fincantieri's Ancona shipyard
Trieste
The multi-role frigate "Emilio Bianchi" was delivered to the Muggiano shipyard
The Port Authority of the Central-Northern Adriatic Sea has obtained EMAS registration
Ravenna
Certifies commitment to environmental management and sustainability
MSC Cruises reduces emissions with the support of an energy transition plan
Geneva
The 2024 Sustainability Report has been presented
DSV reports strong growth in financial and operating results thanks to the acquisition of Schenker
Hedehusene
Quarterly record in air and ocean shipment volumes
In 2024, the Fratelli Cosulich group's revenues increased by +12.8%
Genoa
Operating result down by -31.7%
In the second quarter of this year, Finnlines' revenues decreased by -5.0%.
Helsinki
Net profit of 26.1 million euros (+7.7%)
Container traffic in the Port of New York remained stable in the April-June quarter.
New York
An increase of +4.9% was recorded in the first half of 2025
The Chamber of Deputies approves the appointment of the presidents of five Port System Authorities.
Rome
They are Davide Gariglio, Francesco Rizzo, Eliseo Cuccaro, Francesco Benevolo and Giovanni Gugliotti
Latrofa appointed extraordinary commissioner of the Port Authority of the Central-Northern Tyrrhenian Sea
Rome
Ministerial decree signed
The PNRR tender for interports has been reopened.
Rome
Resources available amounting to 2.2 million euros
Port of Livorno: Workers are the priority in the LTM crisis
Livorno
UPS's quarterly earnings performance declines
Atlanta
Net income in the April-June quarter was $1.28 billion (-8.9%)
Approval for the 2025 budget variation of the Southern Tyrrhenian and Ionian Sea Port Authority.
Gioia Tauro
500 thousand euros for the 49% share held by the Port Agency company
FHP Group acquires the remaining 10% stake in Lotras
Milan/Foggia
The integration between Lotras and CFI Intermodal will begin to create FHP Intermodal.
OITAF scientific document on good practices in the logistics and transport of fresh fruit and vegetables
Milan
The Northern Tyrrhenian Sea Port Authority has joined the PLIKA
Livorno
Platform dedicated to training, innovation and knowledge sharing in the logistics and port sectors
Matteo Paroli's nomination as president of the Western Ligurian Sea Port Authority has been signed.
Rome
He has a degree in law and a specialization in administrative law.
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