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17 July 2025 - Year XXIX
Independent journal on economy and transport policy
02:23 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
Information exchange between state administrations for the digitalization of the maritime sector begins
Rome
The first operational meeting at the Coast Guard General Command in Rome
The Clean Maritime Fuels Platform suggests measures to support the production and distribution of clean marine fuels
COSCO Shipping Ports sets new monthly and quarterly container traffic records
Hong Kong
In the period April-June, 29.4 million TEUs were handled (+4.5%)
Sharp increase in cases of seafarers abandoning their ships
London
2,286 crew members from 222 ships involved as of early 2025
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Geneva
North America saw the strongest quarterly growth in imports
In the port of Antwerp-Bruges containers and rolling stock are increasing and other types of goods are decreasing
Antwerp
Traffic congestion continues at the airport, with the situation on the landside becoming critical
A study denounces the delay of European ports in equipping themselves with cold ironing facilities.
Brussels/Pozzallo
The tender to electrify the docks of the port of Pozzallo has begun.
T&E proposes to include more non-EU transhipment ports to avoid carbon leakage
Brussels
The association calls on the EU Commission to reduce the current threshold of 65% of transhipment traffic
Federlogistica urges the immediate establishment of a control room on tariffs
Genoa
Containerized cargo handled through the port of Singapore fell by 2.9% in the second quarter.
Singapore
Total TEU containers grew by +8.6%
Last May, ship transits through the Suez Canal decreased by -6.8%
Last May, ship transits through the Suez Canal decreased by -6.8%
Cairo
The negative trend continued in June and early July
Terminal operators are not at all satisfied with a policy that seems to have no interest in ports
Rome
Cognolato: It is essential to close the ongoing trials on several fronts.
The largest ship ever to dock at Cagliari's Porto Canale at the MITO terminal.
Milan
The container ship "MSC Venice" with a capacity of 16,652 TEU arrived yesterday
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
North Bergen/Metzingen
South Korean HD Hyundai, together with German NEURA Robotics, will develop and test welding robots in shipyards
The toll of the horrific attack on the bulk carrier Eternity C in the Red Sea is still uncertain.
Mandaluyong/London/Brussels
Joint statement by ICS, BIMCO, European Shipowners, Intercargo and Intertanko
Le Aziende informanoSponsored Article
Accelleron consolida le partnership con Somas e Geislinger per sostenere l'efficienza e la sostenibilità del settore marittimo
In the first half of 2025, bulk cargo increased and general cargo decreased in the port of Marseille-Fos
Marseille
Cruise passengers increase by +5%
The Senate has approved the framework law on interports
Rome
UIR, gives the Italian interport system a modern, orderly and coherent regulatory framework
Carlo De Ruvo was elected president of Confetra
Rome
Among the challenges, the uncontrolled expansion of large logistics groups and their concentration
Number of pirate attacks on ships still high in the second quarter of 2025
Number of pirate attacks on ships still high in the second quarter of 2025
Kuala Lumpur
The number of acts of violence against crews is decreasing
Telemar and TNL Group merger agreement
Telemar and TNL Group merger agreement
Oslo/Athens/Paris
One of the top three operators in the OT/IoT services market for the maritime and superyacht sectors will be created
Attacks on ships in the Red Sea still cause deaths among seafarers
Portsmouth
Liberian-flagged bulk carrier " Eternity C" targeted
Canadian shipbuilding company Davie acquires second shipyard in Finland
Helsinki/Pori
It will buy the Enersense Offshore shipyard
Amendment on Port Labor Supply Agencies Approved
Rome
Immediate transformation into Agencies authorised to provide temporary port work
Salvini appoints a manager of a private shipping company from Campania as president of the regional AdSP
Rome
This is Eliseo Cuccaro, CEO of Alilauro
Extend the application of the 0.1% sulphur limit in marine fuels globally
Extend the application of the 0.1% sulphur limit in marine fuels globally
Berlin
This is proposed by an analysis by the International Council on Clean Transportation
IMO and EU condemn renewed attacks on ships in Red Sea
London/Brussels
Dominguez: New Violation of International Law and Freedom of Navigation
In the first half of 2025, container traffic in the port of Gioia Tauro grew by +10.5%
Joy Taurus
2,186,211 TEUs were handled
A bulk carrier was attacked in the Red Sea
Portsmouth
The crew abandoned the ship which began to take on water
German government allocates 400 million euros to support energy transition in maritime-port sector
Over 78 million euros to the ports of Augusta and Taranto for offshore wind
Rome
Funds distributed over three years starting from 2025
In the first three months of 2025, freight traffic in the port of La Spezia fell by -9.4%
The Spice
At the Marina di Carrara port, a growth of +3.7% was recorded
Ruote Libere denounces the loosening of anti-mafia controls in the road transport sector
Modena
Franchini: Minister Salvini's obsession with the construction of the Strait Bridge, even at the cost of widening the controls
Italy's connection index to the global network of containerized maritime services has fallen for the fourth consecutive quarter
Italy's connection index to the global network of containerized maritime services has fallen for the fourth consecutive quarter
Geneva
PLSCI indices of the main national ports on the rise by container traffic volume
A bill has been approved to prevent the management of Corsica's ports and airports from going to private companies
Paris
It provides for the creation of the Établissement Public du Commerce et de l'Industrie
India plans to designate at least one tugboat for emergencies at sea in major ports
Mumbai
Currently this is only happening in the ports of Mumbai and Chennai.
HMM and CMA CGM Total Terminal International Algeciras Expansion Project
Seoul
An investment of 150 million euros is planned. The capacity will be increased to 2.8 million teu
European Commission meeting to define the strategy for the development of EU ports and maritime industry
Brussels
Call for papers by July 28th
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Rome
Messina: State Aid regime needs to be redesigned for European shipyards
In the first four months of 2025, container shipping traffic between Asia and Europe grew by +4.8%
Tokyo
Shipments to Asian ports dropped 6.4%. Unloaded volumes in Europe increased 9.0%.
The impact on Italy of a possible closure of the maritime route through the Strait of Hormuz would be significant
Rome
The merchant fleet for energy products controlled by the Italian shipping industry interested in these traffics amounts to approximately 80 units.
Cargo traffic in China's seaports grew by +3.7% last month
Cargo traffic in China's seaports grew by +3.7% last month
Beijing
Containers amounted to 26.7 million TEU (+6.1%)
In 2024, 576 containers were lost at sea out of over 250 million transported by ships
Washington
About 200 have fallen from container ships in the Cape of Good Hope region
FMC questions deal exempting World Shipping Council companies from US antitrust rules
Washington
Meanwhile, Sola, appointed by Trump on January 20 to the presidency of the federal agency, is leaving his post today.
The European maritime-port sector nitpicks the reform of the Community customs rules
Brussels
Note from CLECAT, ECASBA, European Shipowners, ESPO, Feport and WSC
EU Council agrees on reform of the Union Customs Code
Brussels
CLECAT is concerned about the persistence of the concept of "Single Liable Person" in the text
In the first three months of 2025, freight traffic in the port of Civitavecchia grew by +2.4%
Civitavecchia
Increase of +9.9% in Gaeta and decrease of -17.1% in Fiumicino
WTO: New tariffs have given a boost to trade that is unlikely to last
Geneva
Recovery driven by importers who brought forward purchases in view of expected tariff increases
Japanese shipbuilding company Imabari Shipbuilding acquires control of fellow Japanese JMU
Imabari/Tokyo
Ownership share increased from 30% to 60%
Terminal Investments Limited of the MSC Group acquires 50% of the capital of Barcelona Europe South Terminal
Barcelona
The transaction was authorized by the Port Authority of Barcelona
There are no implementing decrees for the SalvaMare law and Italian citizens are paying for the management of fished waste that is not carried out
Rome
The Marevivo Foundation and the Federation of the Sea report it
In five and a half years, 1,244 tons of drugs have been seized in EU ports
In five and a half years, 1,244 tons of drugs have been seized in EU ports
Lisbon
The largest quantities pass through ports in Belgium, Spain, Holland, Italy and Germany
The International Convention on Ship Recycling will enter into force tomorrow
Copenhagen
BIMCO urges EU to include Indian shipyards in EU list of ship recycling facilities
Assologistica presents the "Cruscotto" project to ensure transparency and legality in the logistics sector
Milan
Ruggerone: it is an infrastructure of trust between clients and operators
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Rome
A "Pact for the Sea" proposed with solutions to tackle overtourism for which passenger ships are not to blame
New step forward for the construction of the underground freight transport system in Switzerland
New step forward for the construction of the underground freight transport system in Switzerland
Bern
Cargo sous terrain plans to build a 500-kilometer system by mid-century
Carnival posts record earnings for March-May period
Carnival posts record earnings for March-May period
Miami
The number of cruise passengers embarked also peaked this quarter
Federlogistica: Activating railway construction sites without a coordinated plan is reckless.
Genoa
Falteri: Isolating the port of Genoa from the rail network for three weeks would put the whole of Northern Italy in difficulty.
Multipurpose terminals privatized in eight Saudi ports
Multipurpose terminals privatized in eight Saudi ports
Riyadh
Four will be operated by Saudi Global Ports and four by Red Sea Gateway Terminal
Public debate launched on the project for Pier VIII in the port of Trieste
Public debate launched on the project for Pier VIII in the port of Trieste
Trieste
A total investment of 315.8 million euros is expected
Informal consultations have begun on the preliminary proposal for the new Ancona Port Master Plan.
Ancona
Eleven meetings scheduled for July
Program agreement for preparatory and functional interventions for the construction of the bridge over the Strait of Messina
Rome
It was signed today in Rome
Assiterminal urges against bringing sediment from the Bagnoli dredging project into the port of Naples.
Genoa
Cognolato and Ferrari: It is essential to safeguard the full functionality of the commercial port's activities.
Project to develop an ecological station for the treatment of wastewater from ships
Naples
Initiative of the Neapolitan Group of the Cenere and Iello Landing
Container traffic at the Port of Long Beach fell 3.4% in the second quarter.
Long Beach
A decline of -16.4% was recorded in June
Paolo Pessina has been appointed vice president of Conftrasporto-Confcommercio.
Rome
He is president of the national federation of maritime agents and brokers
Container traffic in the port of Hong Kong decreased by -8.2% in the second quarter
Hong Kong
A decrease of -13.7% was recorded in June
Cuneo-based logistics company Nord Ovest is seeing growing financial results.
Wedge
Construction work on a new depot in Mondovì will be completed in early 2026.
Container traffic at the Port of Los Angeles grows driven by fears of new tariffs
Los Angeles
June saw the highest volume ever recorded for this month
The Management Committee of the Sardinia Sea Port Authority has adopted the DPSS
Cagliari
Green light for the concession to MITO and the appeal against the rejection of Olbia's dredging project.
Three events in Genoa for three new Explora Journeys cruise ships.
Genoa
A technical launch, a coin laying and the cutting of the first sheet metal were carried out at the Fincantieri shipyard
Grimaldi sells 5% of Terminal Darsena Toscana to Livorno Port Company
Naples/Livorno
Option to purchase an additional 5% of the share capital
Matteo Gasparato appointed president of the Northern Adriatic Sea Port Authority
Rome
He was appointed extraordinary commissioner of the same port authority
Concession agreement signed that assigns management of the port of Tartous to DP World
Damascus
It has a lifespan of 30 years
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Meeting in Rome between the heads of ESPO and Assoporti
Rome
Among the topics addressed, the competitiveness of European ports in the current global context
Chinese airline OOCL reports quarterly decline in scheduled service revenues
Hong Kong
Cargo transported by the company's ships is increasing
Collaboration between the Ukrainian Sea Ports Authority and the Western Ligurian Sea Port Authority
Rome
Agreement with an initial duration of five years
Survey in Germany on the prospects of companies in the maritime, port and shipbuilding sectors
Hamburg
Shipowners are more concerned. Positive prospects for ports and shipyards.
Port of Augusta: Work begins on a third bridge connecting the island to the mainland.
Augusta
Work worth over 20 million euros
Vard signs contract with InkFish for new research vessel
Trieste
The deal is worth more than 200 million euros.
1.1 billion euros will be invested in the port of Hamburg to strengthen the container sector
Hamburg
Meyer Turku delivered the new Star of the Seas cruise ship to Royal Caribbean
Turku
It has a gross tonnage of 250,800 tons
ESPO calls for increased funding for ports under the next EU Multiannual Financial Framework
Brussels
The CEF programme funds have proven to be far from sufficient
Fincantieri delivers the new Oceania Allura cruise ship to Oceania Cruises.
Miami/Trieste
Two additional Sonata-class ships have been converted into orders.
Uniport: Bringing debris from Bagnoli to the port of Naples would postpone long-awaited dredging.
Rome
Legora de Feo: It's necessary to find alternative solutions.
Taiwanese companies Evergreen, Yang Ming and WHL saw sharp declines in quarterly revenues.
Keelung/Taipei
In the period April-June it fell by -18.7%, -26.5% and -8.6% respectively
The establishment of the Information Dashboard for the management of private procurement contracts in logistics has been approved.
In May, freight traffic in the port of Ravenna grew by +1.4%
Ravenna
Bulk cargo is on the rise. Miscellaneous cargo is on the decline.
EU approves joint purchase of port equipment by terminal operators
Brussels
Joint definition of minimum technical specifications of equipment is also permitted
Serbian energy group EPS will import coal through the Montenegrin port of Bar
Bar
Currently imports from Indonesia pass through the port of Constanta
Freewheeling: The government's U-turn on anti-mafia controls in the road haulage sector is a welcome development.
Modena
Franchini: If the government has realized it made a mistake, that's good news.
Fincantieri Foundation and Luiss University launch a project to strengthen the safety of underwater infrastructure.
Trieste
Among the objectives, contribute to the definition of a specific regulatory framework
Agostinelli (AdSP Tirreno Meridionale e Ionio): the amendment that allows for the early transformation of the Gioia Tauro Port Agency is extremely important.
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
Kerala seeks $1.1 billion from MSC in damages over MSC Elsa 3 sinking
Thiruvananthapuram
Temporary detention of the vessel "MSC Akuteta II" granted
Trasportounito requests the cancellation of the renewal procedure of the Central Committee of the Register of Hauliers
Rome
New seizure of a load of cocaine in the port of Gioia Tauro
Reggio Calabria
16 bags containing 417 kilos of drugs were found in a container
MOL and Kinetics to build world's first floating data center
Tokyo
It will be installed on a vessel of 9,731 gross tonnage
Rijeka Gateway Terminal to become operational in early September
Copenhagen
The first ship at the second container terminal of the Croatian port is expected on September 12
Falteri (Federlogistica) urges to focus on the development of a "polycentric" logistics
Genoa
The Simplified Logistics Zone should be the cornerstone of the strategy
Tsuneishi Shipbuilding Co. acquired Mitsui E&S Shipbuilding Co.
Hiroshima/Tokyo
It was renamed Tsuneishi Solutions Tokyobay Co.
Pessina (Federagenti): Northern European logistics system is struggling. Let's take advantage of it!
Rome
Unexpected opportunity - he underlines - for the Mediterranean ports and Italian ones in particular
MSC Cruises Joins Carnival and Royal Caribbean in Capitalizing on Grand Bahama Shipyard
Miami
Negotiations underway since the end of 2024 have been successfully concluded
At The International Propeller Clubs the Dorso Award for the Mediterranean area
Naples
In recognition of the primary role played by logistics operators in Mediterranean traffic
ABB Signs Service Agreement with Royal Caribbean Cruise Line
Zurich
It has a duration of 15 years and covers 33 ships in the fleet.
P&O Maritime Logistics (DP World Group) to acquire 51% of NovaAlgoma Cement Carriers
Lugano
Nova Marine Holding and Algoma Central Corporation will retain 49%
Stable freight traffic in the ports of Genoa and Savona-Vado Ligure in May
Genoa
A decrease of -2.4% was recorded in the Ligurian capital's airport; a rise of +7.2% was recorded in the Savona airport
Consilium Safety Group Expands Presence in Türkiye and Maritime Market
Gothenburg
Ares Marine acquired
Fincantieri has opened a new Innovation Antenna in South Korea
Seoul
It is located in the heart of Seoul's technology district.
The first InnoWay freight railcars have left the Bagnoli della Rosandra plant
Trieste
Once fully operational, the production of over 1,000 light wagons and up to 3,000 trolleys per year is expected.
The commissioners of various AdSPs also assume the powers attributed to the Management Committees
Rome
Provisions for the port authorities of the Ionian Sea, the Central-Northern Adriatic Sea, the Eastern Ligurian Sea and the Northern Tyrrhenian Sea
Ferrara-based INCICO acquires Italiana Sistemi and focuses on transport engineering
Ferrara/Naples
It specializes in infrastructure and plant engineering in the railway and road sectors
Hupac announces expansion of Duisburg-Singen shuttle with connections to Italy
Noise
Daily departures will be made
The transfer of 80% of Louis-Dreyfus Armateurs' capital to InfraVia has been implemented
Suresnes/Paris
The Louis-Dreyfus family retains the remaining 20%
Port of Genoa, green light for extension of concession to Spinelli until September 30
Genoa
Ok also to the extension to the Campostano group
The National Maritime Fund has started the recognition of scholarships
Genoa
They are granted for basic training and security familiarization courses.
RFI and MIT sign the update to the program contract for approximately 2.1 billion
Rome
Around 500 million euros expected for the management of the railway network
San Giorgio del Porto delivers a vessel for the bunkering of liquefied natural gas
Genoa
It was built for Genova Trasporti Marittimi
Raffaele Latrofa appointed president of the AdSP of the Central-Northern Tyrrhenian Sea
Rome
He is the deputy mayor of Pisa
Pisano (AdSP Liguria Orientale): the ports of La Spezia and Carrara have integrated almost perfectly
La Spezia/Bari
The Special Commissioner of the Southern Adriatic Sea Port Authority has been appointed.
India's Mazagon Dock Shipbuilders Acquires Control of Sri Lanka's Colombo Dockyard
Mumbai
Investment of approximately 53 million dollars
The Commissioner of the Western Ligurian Sea Port Authority has been granted the powers and prerogatives of the Management Committee
Genoa
The measure pending the restoration of the ordinary top management bodies
The Three-Year Operational Plan 2025-2027 of the Central Adriatic Port Authority has been approved
Ancona
Favorable opinion of the Sea Resource Partnership Body
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
It will deal with the physical transformations of the container and the digitalization of processes
Andrea Ormesani is the new president of Assosped Venezia.
Venice
The board of directors has been renewed. Paolo Salvaro remains general secretary.
Witte (ISU): In 2024, the ship salvage sector stabilized from the low of two years ago
London
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
Confindustria event on the sea economy in Rome on July 15th
Rome
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
Why Malta is objecting to a new price cap on Russian oil
(timesofmalta.com)
US has its eye on Greek ports
(Kathimerini)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Finnish Elomatic to Install Tunnel Thrusters on 11 Carnival Cruise Ships
Turku
The works will begin next autumn and will end in 2028
The Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
Fincantieri has delivered the new cruise ship Viking Vesta to the American Viking
Trieste/Los Angeles
It was built in the Ancona shipyard
The Genoa Coast Guard has placed the container ship PL Germany under administrative detention
Genoa
The Italian Navy has commissioned two new Multipurpose Combat Ships from Fincantieri.
Trieste
The order to the shipbuilding company is worth 700 million euros
MSC Group to manage cruise services in the ports of Bari and Brindisi
Bari
Ten-year concession with the possibility of extension
German Kombiverkehr Returns to Profit in 2024
Frankfurt am Main
The level of revenues remained unchanged at 434.6 million euros.
Deltamarin to design the six new ro-pax vessels ordered by Grimaldi for the Mediterranean routes
Turku
The practice of subcontracting in European logistics is creating a parallel labour market where rights are not enforced
Brussels
"Sorry, We Subcontracted You" Report Presented
Tomorrow Grendi will launch the group's fourth ship on routes to and from Sardinia
Milan
"Grendi Star", with a load capacity of 2,800 linear meters, will connect Marina di Carrara and Cagliari
FREMM frigates operational support contract signed between Orizzonte Sistemi Navali and OCCAR
Taranto
The agreement has a total value of approximately 764 million euros
Call to reform the entire driver training system in the transport sector
Rome
Seven proposals presented
In the port of Gioia Tauro, the Guardia di Finanza soldiers seized 228 kilos of cocaine
Reggio Calabria
Two dockers arrested
Port of Livorno, new observatory to find solutions to the problem of port congestion
Leghorn
Marilli: We will seek solutions to reach the possible revocation of the port fee
Lockton PL Ferrari closed the last fiscal year with gross revenues of 34 million dollars
Genoa
Insurance premium volume rose to 350 million
Polish Trans Polonia Group acquires Dutch Nijman/Zeetank Holding
Tczew
It specializes in the transportation and logistics of liquid and gaseous products
d'Amico Tankers Sells Two 2011-Built Tankers for $36.2 Million
Luxembourg
They will be delivered to buyers by the end of July and on December 21st.
The Italian Merchant Marine Academy plans 13 new free courses
Genoa
Over 300 positions available
A delegation of Wista Italy visits the ports of Catania and Augusta
Catania/August
The association is made up of women who hold positions of responsibility in the maritime, logistics and trade sectors.
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