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14 April 2024 - Year XXVIII
Independent journal on economy and transport policy
00:06 GMT+2
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FORUM of Shipping
and Logistics


The Tanker market in 2000 (2)

The crude oil transport


Prospects top

Faced with such a radical reversal in transportation charges, and mindful of the painful experiences of the past (when rate increases rarely lasted long and gave rise to many undercutting operators), one is bound to ask "How long can this last?"

Despite the past frequently proving that any forecast is quickly overtaken by unforeseen events, several factors point to freight rates remaining favorable to shipowners over the next two to three years.

Recent events have brought tanker transport out from the shadows and cuts the limelight. After accidents such as the 'Erika', the 'Ievoli Sun' and the 'Westchester', the role played by the politicians and the media has made the oil companies aware that even if they are legally protected, they can not allow their public image to be ruined by the fortunes of the sea. Consequently one can expect that safety measures will be maintained and even extended. Chartered-in tonnage is becoming increasingly supervised and selective, as the market is tending to pay up for modern tonnage and not pay down for older tonnage, as was still the case last year.

There are many more charterers today looking to extend a part of their transport needs with terms contracts, and to renew existing term deals. This is time for all sizes, and in today's climate on the "spot" market, most shipowners are jealously protecting their "golden eggs" ! for short term contracts (less than two years), the levels proposed by owners of modern units are a minimum $30,000 per day for a Aframax, $40,000 per day for a Suezmax, $60,000 per day for a VLCC. However, for periods beyond 2003 making a forecast is particularly dangerous and shipowners will certainly try to optimise their rates for periods in excess of three years.

Taking as our base case that the current market is predominantly influenced by vessels of less than fifteen years of age, and given that the shipyards are fully booked up till the end of 2002, we can then try to establish the available tonnage by size over the next three years (and eliminating each year any vessel over 15 years) :

Thus, despite the rush of orders placed over these last months with the different shipyards, the repercussion on the supply side (especially for the Aframax) is not as strong as many might like to think, and supports our predictions for 2001 and 2002.

Nonetheless, one can anticipate that there will be a new surge of orders for deliveries starting in 2003. And this could have a major impact on freight rates. Without dipping into the depths of past years. It is more than likely that there will be a downward readjustment at this time.
 

BERGE TOKYO
298,677 dwt, blt 2000, by Hitachi - Owned by Bergesen

 

The second-hand oil tanker market

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Even if we didn't quite step into the next century on the 31st of December 1999, the players in the second-hand oil tanker market will always remember 2000 as the year of fundamental changes. All the factors which contributed to a depressed market in 1999 have not only disappeared, but have also become the factors which have fuelled a stronger and more active market in 2000.

  • Newbuilding prices were low in 1999 and substantially increased in 2000.
  • Oil companies and traders offered a larger number of "long-term" time-charters to the owners in 2000 compared to 1999.
  • The appetite for FSO and FPSO conversion purchase inquiries, which had dried up in 1999, made a remarkable comeback in 2000.
  • The shy concentration of owners and tonnage seen up to 1999 turned to be as of 2000 a key issue and even a primary motivation for asset play for some participants.
  • The m/t 'Erika' sank the 12th of December 1999. The "ecologically and environmentally correct" shipping world became, in 2000, the public's preoccupation and consequently their politicians'.
  • Last but not least, earnings of vessels turned from miserable in 1999 to memorable in 2000 from an owner's point of view.
This year, there is no doubt that sellers and buyers needed to be motivated to agree with their counterparts in order to benefit from the year long lasting rise of freight rates. Each of the players had to assess the duration of the good times, and the different conclusions that have led to more sales. We noticed a good 40 % increase of the number of transactions (aggregating VLCC, Suezmax, Aframax, Panamax tankers and product carriers) compared to 1999 and between 15 to 40 % increase of the values depending on segment and vintage. The more modern and larger tonnage being in the upper part of the bracket and vice-versa.
 
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Three times as much ! It is the best way to qualify the number of sales in 2000 compared to 1999. By mid December 2000, if we include resale deals involving eight units to be delivered in 2002/2003, we noticed that 32 VLCC have changed hands compared to 11 in 1999, 17 in 1998 and 20 in 1997.

Out of these 32 ships, about half were less than 10 years of age. No owners of (trading) double-hull VLCC agreed to sell their vessels, and the only double-hull ships sold this year, eight in total, were newbuilding resales for forward delivery.

The logic behind the important number of transactions on modern ships comes from the immediate need of fleet rejuvenation by owners, reacting to the new oil Majors' restrictive chartering practices. At mid December, two VLCC resales for delivery 2002 were taken by American buyers, for a price of around US$ 72 m each, they were initially contracted for US$ 68 m each, and will join the Tankers International pool.

The other nine vessels sold were built between 1993 and 1990. We mention the following sales of modern single-hull ships to illustrate the price increase along the year:

  • m/t 'Izusan Maru', 264,301 dwt, 1992-built, was sold for about US$ 34.5 m in February.
  • m/t 'Cosmo Pleiades', 238,770 dwt, 1992-built, was sold for about US$ 40.5 m in August.
Four units built in the eighties changed hands during 2000 including the m/t 'Navix Seibu', 257,589 dwt, built 1989, achieving a healthy US$ 34.5 m and the balance sales were seventies-built vessels, which were mainly purchased for offshore or storage projects such as :
  • T/T 'Stena Continent' and 'Stena Concordia', 273,616 dwt, 1975 and 1973-built respectively, sold en-bloc for about US$ 30 m.
  • T/T 'Amazon Eagle' and 'Amazon Falcon', 307,235 dwt, 1974 and 1975-built respectively, sold en-bloc for about US$ 18.0 m.
However, as far as the demolition is concerned, the freight rates increase has not prompted owners to scrap their older vessels since we only noticed, at time of writing, 28 VLCC sold to the scrapyards compared to 36 vessels in 1999. The healthy prices offered by the scrappers did not compensate the returns obtained by owners for older vessels trading them East of Suez.
 
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The number of transaction for this category has been rather stable. So far this year we saw 23 units changing hands which is the exact same number as for 1999. Out of this total, 12 units were 10 years of age, this follows the same logic as for VLCC. In addition, it has been interesting to note that most of these ships (except three) have been part of en-bloc deals. We will particularly remember the "tanker deal of the year" for a reported US$ 320 m involving the sale of 10 units including five Aframax and five Suezmax. The five Suezmax (m/t 'Nord Horn' and 'Nord Hope', 160,000 dwt, both built in 1999 and the m/t 'Nord Jahre Transporter' / 'Nord Jahre Target' / 'Nord Jahre Traveller', 142,000 dwt, built respectively in 1989 / 1990 / 1990) were valued at an estimated US$ 208 m in that deal. Other en-bloc deals of modern Suezmax included the en-bloc sale of two units controlled by Euronav and three units controlled by Chevron.

As a matter of fact, only three units built in the eighties changed hands this year, but this figure should be measured keeping in mind that there are only 38 units built between 1980 to 1989 among the nearly 300 strong Suezmax active fleet. Suezmax vessels have often been a very speculative floating assets and the prices for this vintage have followed the trend of the nineties built ships. Values had dropped in 1999 to a severe low and made a very strong come back in 2000. One should remember that the 1989-built m/t 'Ioannis', 150,000 dwt, 1989-built achieved US$ 38.5 m in April 1998. Her sister-ship m/t 'Knock Sheen' could only fetch US$ 27.5 m in November 1999 and this year, we have seen the m/t 'Inigo Tapias', 146,270 dwt, 1989-built changing hands for about US$ 30 m in July.

Eight seventies-built Suezmax changed hands in 2000. The sales were mainly concentrated in the second part of the year when asset players realised that freight rates were high enough to sustain an extremely prompt return to their investment and minimise their exposure towards a downturn of the market. To illustrate this, we can mention that the m/t 'Montana', 132,207 dwt, 1979-built (one of the very few), was sold for a high US$ 9.5 m in September 2000. However, this ship will not be required to trade in HBL or SBT mode before 2004 as per present IMO regulation, and the possible new IMO regulation would give her an extra year up to 2005. With a lightweight exceeding 20,000tons the risk is not that important in the conditions prevailing on the spot freight market. Among these eight units, three of them were sold for conversion or storage and this includes the m/t 'White Sea', 155,703 dwt, 1975-built sold for US$ 6.5 m.

On the demolition front, 16 vessels were sold (mid December) and this gives us a negative figure in comparison with the one from 1999 when we spotted 26 units disappearing. Even if it was getting clearly more difficult to obtain approvals from the oil Majors on such vessels and even if owners had to trade East of Suez, the return provided by the spot market in 2000 gave no incentive whatsoever, to sell such units to the scrappers.
 

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If we consider the forced sale of the five Alandia Aframax tankers as being a 1999 done deal, we had seen 36 Aframax changing hands last year compared to a strong 50 units in 2000. Out of these 50 units, 22 of them had less than 10 years of age, while 26 were built in the eighties and only two seventies-built ships changed hands. Noticeably, 15 double-hull ships were exchanged in this category, among the most modern vessels and this can probably be explained by the fact that the Aframax fleet age profile is more evenly spread over the last 30 years. One should always keep in mind that contrary to the Suezmax and VLCC sector, the Aframax size does not suffer from the penury of vessels built in the eighties, this permits to facilitate in the exchanges between owners.

Sales of modern and double-hull ships have commanded a very rich budget for the buyers, therefore only the significant and experienced players were active, together with a few buyers motivated by fiscal reasons, but always demanding long charter periods attached. The prices have also increased to a large extent and we may illustrate this trend with the following example for double-hull vessels: the m/t 'Stena Concert', 96,828 dwt, 1992-built, was sold in November 1999 for a price of US$ 20.2 m, while in March 2000 the m/t 'Nordpacific', 102,262 dwt, 1992-built, obtained US$ 25.3 m, then the m/t 'Colby', 97,045 dwt, 1993-built, achieved US$ 26.25 m in June 2000 and the m/t 'Torungen', 95,621 dwt, 1993-built was sold in September 2000 for a reported US$ 32.75 m.

The Aframax vessels built in the eighties consists of 189 units which represents 33 % of the active fleet; therefore, it is obvious to see a large number of vessels of this vintage changing hands. Buyers have paid particular attention to the quality and technicality of the vessels and, as realised last year, vessels with SBT features attracted more interest. Patient sellers have been rewarded in this category as values for early eighties-built vessels have followed the upward trend, even though they had a slower start compared to more modern units. For example, at the beginning of the year, the m/t 'Mendana Spirit', 81,283 dwt, 1980-built obtained about US$ 4.5 m, while the m/t 'Silver Iris', 88,389 dwt, 1980-built got US$ 9.2 m at the end of October. Late eighties-built vessels were also very popular and benefited from a serious demand from the buyers. The m/t 'Maersk Virtue', 110,000 dwt, 1988-built obtained a very firm price of close to US$ 25.0 m in October.

Although they still represent 100 units out of the 586 units of the active fleet, only two Aframax built between 1970 and 1979 were sold this year (as of mid November 2000). This is clearly a low result. However, purchasing seventies-built Aframax, for asset players, was a tougher bet to make this year in the light of the large number of existing eighties-built units. This low activity might be explained by the assumption that buyers felt that an unavoidable drop of the chartering market would jeopardise the earnings of the seventies-built Aframax very quickly, and probably much faster than for VLCC and Suezmax. It will be very easy for the charterers to favour the next decade generation since there are 189 units built between 1980 and 1989 in the active fleet.

As far as the Aframax segment is concerned, 18 units were sold for scrap as of mid December, if we exclude the Panamax tankers and stay below 120,000 dwt. Last year the figure was 30 vessels and the phenomenon described for Suezmax also applied to this category.

Panamax tankers have made a noticeable comeback in the sale and purchase scene of this year with 15 units sold, this represents three times as much as last year's figure. The only double-hull vessel sold was the prompt resale of the m/t 'Four Cutter', 72,500 dwt, 2000-built, for US$ 39.0 m. All others transactions were done with vessels built between 1977 and 1988 except for the m/t 'Maersk Marlin', 69,999 dwt, 1990-built, sold for US$ 19.3 m.

The event of the year in this category was the sale of the BT fleet including the six vessels, the m/t 'BT Nimrod', 'BT Navigator', 'BT Navarin', 'BT Neptune', 'BT Nestor' and 'BT Nautilus' all of 64,900 dwt, built between 1977 and 1979, for US$ 28.5 m between February and June.

In contradiction to the larger size, there were more Panamax tankers scrapped in 2000 compared to 1999. Eight units were sold against three last year, but three of them were either American or Brazilian flag built in 1960, 1960 and 1970 respectively.
 

top

During this year, we noticed a similar number of units sold compared to 1999 (twenty against nineteen). The activity in 2000 was equally balanced between the trading sales and the demolition sales. Ten combined carriers changed hands and 10 went for scrap, while one may remember that the activity in 1999 was concentrated on the demolition side.

All the units sold for scrap were built between 1973 and 1979, reducing again the active fleet of this category. We estimate it at about 173 vessels, out of which 50 are older than 20 years. On the trading side, out of the 10 vessels sold, two were built in the seventies (including the o/o 'Marshal Zhukov', 103,307 dwt, 1973-built, sold for US$ 3.8 m in April) and six in the eighties (including the obo 'Waasland', 164,100 dwt, 1986-built, sold for US$ 18.5 m). The last two units sold were the 'SC Horizon' and 'SC Breeze' both 1992-built and 96,027 dwt, and achieved a very healthy price of US$ 54.0 m on an en-bloc basis.

It is a common belief that tanker values for 2001 should remain strong. The 'Erika' phenomenon is here to stay, making life easier and values higher for modern vessels.

The risk of oil pollution has been remembered all year long by the public and governments all over the world, together with the consecutive accidents of the m/t 'Natuna Sea', m/t 'Ievoli Sun' and m/t 'Westchester'. Amendments to the IMO phasing out in spring 2001 can only speed up the elimination of the older tonnage. So, now the "age before beauty" prevails, even if "beauty" is sometimes questionable. Major charterers are now the hostages of basic public thinking, giving more credit to youth than to quality.

The sinking of the m/t 'Erika' at the end of 1999 had a tremendous and immediate impact on freight rates for the good of modern ships. Ironically this trend also benefited the older vintages for the less demanding trades at the end of the year, and despite a good start, scrapping level has been rather slow.

It should be repeated that signs of a slowdown in the Western growth are starting to worry some economists. The oil consumption should therefore be affected at some stage having direct consequences on transportation demand and thus on oil tankers prices. If this is confirmed, every trade, whether in the West or East of Suez, will be able to afford to be more restrictive in terms of vessel's age. Values for seventies up to mid eighties built vessels will be abruptly affected then.
 




Shipping and Shipbuilding Markets in 2000

I N D E X

›››File
FROM THE HOME PAGE
The construction of the new Venetian container terminal in Porto Marghera is being carried out.
The construction of the new Venetian container terminal in Porto Marghera is being carried out.
Venice
It will be able to accommodate Panamax vessels and will have an annual traffic capacity of one million teu
The French Senate has approved a bill to limit the right to strike in transport
The French Senate has approved a bill to limit the right to strike in transport
Last year container traffic in Malta decreased by -11.4%
Last year container traffic in Malta decreased by -11.4%
The Valletta
Crucierists in growth of 59.1%
Approved by the Transport Commission of the Spanish Congress a proposal to improve the competitiveness of the REC Ship Register
Madrid
Applause from ANAVE. The number of national flag merchant ships has fallen to the all-time low
Pirate attacks on ships have been growing.
Pirate attacks on ships have been growing.
London
Recrudescence of Somali piracy
Assshipowners, well the decree that delegates security checks to recognized bodies
Rome
Messina : a concrete step forward in the optics of an ever greater competitiveness of the Italian flag
Le Aziende informano
Protocollo d'intesa tra l'Autorità di Sistema Portuale del Mare di Sicilia Occidentale e l'Escola Europea di Intermodal Transport
Maritime traffic in the Panama Canal is expected to gradually normalize from here to 2025
Balboa
The start of the rainy season, expected at the end of the month, is expected to lift the number of ships transits from 27 to 36.
Last year on world cruise ships the record number of 31.7 million passengers (+ 55.4%) was embarked on.
Last year on world cruise ships the record number of 31.7 million passengers (+ 55.4%) was embarked on.
Miami
Past the historic peak of the pre-pandemic year of 2019
Updating the rules governing the berth service
Rome
Ok the government to decree establishing public company to manage state-owned toll roads
Agreement between Mercitalia Logistics and Logtainer for the development of intermodal services that integrate transport on iron, rubber and sea
DFDS buys the entire network of self-transport services between Turkey and the Europe of Ekol Logistics
Copenhagen
Transaction of the value of 260 million euros
13.8 million crucierists are expected in Italian ports this year.
Africa Morocco Link has changed ownership
Casablanca / Athens
51% percent of the capital went from Bank of Africa to CTM and 49% percent from Attica to Stena Line
NCL orders Fincantieri four new cruise ships with letter of intent for four more units
Miami
Four units from 77mila-86mila tsl and four from 200mila tsl will be delivered between 2026 and 2036
SEA Europe calls for the EU the urgent definition of a maritime industrial strategy
Brussels
Tytgat : By 2035 we want to provide ten thousand sustainable and digitalised vessels to the key sectors of the European blue economy
MSC ships will strengthen Georgia's maritime links with North Africa and Spain
Batumi
New rotation through the hubs of Gioia Tauro and Marsaxlokk
In the port of Naples, the new floating dry dock has arrived
In the port of Naples, the new floating dry dock has arrived
Naples
Expected the processing of 20-25 vessels each year
Switzerland will finance the construction of an intermodal terminal in Domodossola
Bern
Grant of 38.8 million francs to the 67.7 million investment planned by Germany's CargoBeamer
Unions stress the high end of the strike for the renewal of the contract of the port workers
Unions stress the high end of the strike for the renewal of the contract of the port workers
Rome
Today in Genoa, the final national manifestation
Meeting in Brussels to avert the negative impact on EU ports of the ETS Directive
Brussels
Rixi : The aim is to avoid weakening the maritime capacity of the Union
In February the traffic of goods in the port of Ravenna grew by 2.1%
Ravenna
In decline the bulk bulk is liquid and solid
In 2023, maritime transport along the Arctic route reached a record volume of more than 36 million tonnes
In 2023, maritime transport along the Arctic route reached a record volume of more than 36 million tonnes
Moscow
Expected 150 million tonnes per annum by 2030
The Greek group Attica is set to record a new historical record of revenues.
Kallithea
Profit after tax in growth of +259,0%
Le Aziende informano
ABB fornirà la sua soluzione per il Cold - Ironing nel Porto Internazionale di Portsmouth
Rixi : Communication lines on alpine crossings are priority for Italy
Rixi : Communication lines on alpine crossings are priority for Italy
Brussels
The Mechanism to Link Europe is useful for carrying out large infrastructure, especially cross-border ones.
Joint venture Fratelli Cosulich-XCA (Arcese Group) in Automotive Logistics to Go Ligure
Genoa
Sandoli : We aspire to become the gateway to the European market, offering a convincing alternative to the ports of the North
The earthquake in Taiwan has seriously damaged the infrastructure of Hualien's port
Kaohsiung
Suspended the activities in the stopover
The AD Ports Group is involved in the realization of the new large Iraqi port of Al-Faw
Baghdad / Abu Dhabi
Joint venture with the General Company for Ports of Iraq
Concern of Confitarma, Assogasliquidi-Federchemistry and UNEM for the revision of the ETD Directive
Rome
No to the proposal to eliminate the tax exemption on marine transport fuels
CMA CGM entrups Damen work to increase the energy efficiency of ships
Gorinchem
Expected the installation of bulbs on the bow of about 100 ships
Started the construction of the first dresser for the realization of the new foranea dam in Genoa
Genoa
The pose is scheduled in May
The regasification terminal FSRU Toscana left Livorno direct to Genoa
Livorno
In the Ligurian scalp and then in Marseille maintenance interventions will be carried out
Confirmed to Tugchiers Meeting Port of Genoa the granting of trailer services in the port of Genoa
Confirmed to Tugchiers Meeting Port of Genoa the granting of trailer services in the port of Genoa
Genoa
Planned investment of 35 million euros to renovate fleet
In the first quarter of 2024, OOIL revenues decreased by -9.0%
Hong Kong
Containers carried by the OOCL fleet increased by 3.4%
Mattioli (Federation of the Sea) relaunches the propulsive role of maritime clusters
Rome
Today, the National Sea Day and the marinara culture are celebrated
In the first quarter of 2024, the revenues of Yang Ming and WHL grew by 18.5% and 8.1%
Keelung / Taipei
In March the increments were equal to 20.3% and 8.6%
In 2023 the freight traffic handled by the State Railways Group fell by -2.0%
Rome
The Logistics Pole posted a net loss of -80 million euros, up 63 million euros.
Port of Genoa, inaugurated new rooms of Stella Maris at Maritime stations
Genoa
They are intended for the welfare and socialization of seafarers in transit in the Superba
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Germany's Dachser has acquired the compatriate Brummer Logistik
Kempten
The company specializes in the logistics of perishable products
In the first quarter of 2024, Evergreen's revenues increased by 32.6% percent.
Taipei
In March, the increase was 36.5% percent.
Cooperation pact between the associations of the ports and ferry companies of Greece
The Piraeus
Among the activities, make sure that port benches are adequate for new naval technologies
In 2023 the traffic in goods at ports in Lazio fell by -5.7% percent. Record of cruises
Cyvitavecchia
Passenger of line services growing by 10.0%
RINA will collaborate on the sustainable development of ports and shipping of Indonesia
Genoa
Contract with the World Bank
In Udine the Officine Rotable Maintenance of FVG Rail has been equipped with a lawn back in fossa
Procedure
Interporto Padova's assembly to merge for incorporation of the Zip Consortium
Padova
Capital increase of more than 7.8 million split between Municipality, Province, and Chamber of Commerce
Turkish Arkas orders four container ships from 4,300 teu to Guangzhou Wenchong Shipyard
Izmir
On the way an investment of 240 million
Deutsche Bahn would have solicited a group of potential bidders to submit proposals to acquire DB Schenker
New York
The invitation addressed, among others, to DSV, Maersk and MSC
Interferry calls on governments to use carbon tax revenues to equip the harbour quays of cold ironing
Victoria
Corrigan : 'imperative that the extensive installation of OPS facilities is undertaken with urgency'
Training courses for GNV crews to avoid collisions with cetaceans and sea turtles
Genoa
Made together with the research body Foundation CIMA, they also promote the protection of biodiversity
DP World and Rumo will carry out a new grain and fertilizer terminal in the port of Santos
Curitiba / Dubai
Expected an investment of nearly 500 million
Singaporean ONE will restructure the feeder service between the Adriatic and Egypt
Singapore
You will include scals in Trieste and Piraeus
New rail services of Rail Cargo Group between Austria, Germany and Italy
Vienna
Increase in the frequency of departures on the Duisburg-Villach-Lubiana line
Over 700mila crucierists approved in 2023 at Spezia spent a total of 71.2 million euros.
The Spezia
68.3% of this sum for the purchase of organized tours
Five more ULCV banchina cranes for the Malaysian port of Tanjung Pelepas
Gelang Patah
They have been ordered to Chinese ZPMC
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
Autonomous driving systems ensure benefits to self-driving companies and drivers, ensure from China
Shanghai
Deshun Logistics tests the technologies of Inceptio Technology in commercial travel
In the first half of 2024, the traffic in goods in the port of Taranto declined by -7.8% percent.
Taranto
Decisive decline of -22.4% in February
The three days of a strike on the contract of the port workers will be on the road.
Rome
On Friday, a national demonstration will be held in Genoa
On April 16 in Nola, the national conference of the Union Interports Reunited
Nola
Event " Interports to the center. A strategic network for Italy "
Attic sold the ferry Express Skiathos for nine million euros
Athens
Built in 1996, it was ceded to 4Naver Shipholding
Suda's cretese port will be equipped with a new cruise terminal
Drapetsona
Funds for the deepening of the basics of the Hellenic port of Stylida
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
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
On April 16 in Nola, the national conference of the Union Interports Reunited
Nola
Event " Interports to the center. A strategic network for Italy "
››› Meetings File
PRESS REVIEW
Le transport maritime national navigue à vue
(Aujourd'hui Le Maroc)
“Israel is facing silent sanctions”
(Globes - Israel's Business Arena)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Mario Mattioli
Roma, 27 ottobre 2023
››› File
VTTI and IKAV will acquire control of the LNG Adriatic regasification terminal
Rotterdam / Hamburg
Set up a consortium to acquire a majority of the capital
On April 16, the Conference of Instructional Services on the Project of the Bridge on the Strait of Messina
Rome
Participants will be made available to the design documentation
The construction of the new series of large garage ships of the elvetica Sallaum Lines began
Sarnen
In 2023, the ship repair activities in the Greek shipyards grew
The Piraeus
Work carried out on 651 ships (+ 9.8%)
New historical record of revenue of Chinese terminalist group COSCO Shipping Ports
Hong Kong
Last year it was closed with a net profit of 394.3 million (+ 0.9%)
The preliminary agreement for the sale of the "Il Secolo XIX" newspaper to the MSC group has been made official.
Turin / Geneva
Initiation of exclusive negotiations to enable the conduct of due diligence
State Railway Agreement-ESA for the application of space services technologies to logistics
Rome
In 2023, Interporto Padova recorded a 7.3% increase in the value of production.
Padova
Net profit to 2.9 million euros (+ 2.0%)
Sixth edition of the report on corridors and logistics efficiency of Contship and SRM
Melzo
The former Works of the Manufacturing Firms of Lombardy, Emilia-Romagna and Veneto are already resorting to the former Works of Manufacturing.
Agreement to the Spezia for the use of hydrogen as fuel for rail maneuvers in port
The Spezia
It was initialed by the AdSP and Mercitalia Shunting & Terminal
Carnival orders Meyer Werft a fifth class cruise ship "Excel"
Miami
Will be taken in delivery in 2028
Brussels fears that Lufthansa's acquisition of ITA could limit competition
Brussels
Communique the preliminary outcome of the investigation
The port community of La Spezia recalls Giorgio Bucchioni
The port community of La Spezia recalls Giorgio Bucchioni
The Spezia
It was a smart, constant and unfathomable reference, underlining maritime agents, customs officers and freight forwarders
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