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03 May 2025 - Year XXIX
Independent journal on economy and transport policy
18:26 GMT+2
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FORUM of Shipping
and Logistics



EUROPEAN SHIPPING IN A GLOBAL MARKET

WORLD SHIPPING DEVELOPMENTS

The year 2000 was a particularly good one for the tanker market and strong improvements were also experienced in the dry bulk market. Other shipping markets experienced less positive and rather mixed developments.

While starting slowly, yearly average rates for crude carriers increased significantly while product carriers also enjoyed a healthy improvement. The year also witnessed solid improvements in the dry bulk market. In the container market rates rose in the first part of the year but eased off towards the end. The LPG carrier market experienced substantial rate increases particularly for the large vessels.

The world fleet increased by 2.4% in 2000 compared to 0.9% in 1999. Deliveries of new tonnage amounted to 6.2% and deletions to 3.8% of the existing fleet at the start of 2000.

World seaborne trade in 2000 increased by some 4.1% in shipments of crude oil, from 1548mt in the previous year to 1612mt. For the five main dry bulk commodities there was a solid increase of 7.4%, from 1196mt in 1999 to 1285mt in 2000.

On the basis of OECD figures, world trade generally increased from 5.7% in 1999 to 13.3% in 2000. While showing signs of a slowdown, the US economy continued to be the main engine of global economic growth, with the solid performance of Asian economies also being a contributing factor.



OUTLOOK

After a period of significant growth in the world economy, economic forecasts have been revised downwards significantly. The issue of a soft or hard landing in the US and its repercussions on other economies is a particular matter of concern and debate. Moreover, the potential implications of he recent terrorist attacks on the WTC building in New York add to the high degree of uncertainty on how developments will unfold.

Notwithstanding such considerable uncertainties, estimates would indicate that the world seaborne crude oil trade will, in terms of volume, increase over the next couple of years by between 2-3%, with the tonne mile increase estimated to be up to 3.5% over the same period. The total tanker fleet is expected to rise this year by 2.5% and by 3.8% in 2002. The dry bulk market after a period of strong demand is estimated to show modest tonne mile increases of around 2% in 2001/02. While fleet growth could be as much as 5% this year, a level of 1.5% is forecast for 2002. Prospects for the container market have deteriorated. The negative trend in time charter rates seen in 2001 could well continue due to reduced economic growth to which trade volumes are closely linked as well as to a spate of new buildings recently ordered.



EU/EEA SHIPPING

Important contribution to the European Economy

The EEA registered trading fleet (EU plus Norway and Iceland) as at 1st April 2001 amounted to over 6900 vessels with a total of 92 mgt, an increase of some 6% over the previous year. This represents some 17.2% of the world fleet. To realistically assess the overall importance of European shipping it should be noted that the fleet controlled by EEA shipowners under both EEA and third country flags amounted to 221 mgt, representing over 40% of the world fleet, a small increase compared to the previous year.

The importance of shipping to the European Union is demonstrated by the fact that over 90% of its external trade and up to 41 % of the trade between Member States is carried by sea. The recent oil crisis highlighted the dependence of the EU on ships for the transportation of its oil trade and for the continuity of its energy supply.

Moreover, due to its extensive cross-trading activities, European shipping provides valuable resources for sustainable economic development through invisible earnings and therefore contributes greatly to the national product of individual European countries. In addition, European shipping enhances the strategic position of the EU as well as its negotiating positioning the framework of international organisations.

The contribution of shipping to national economies is illustrated by the following examples: In Greece, the net receipts from the shipping sector amounted to ' 4.2bn in 2000 representing 38% of the value of total exports of goods: In Denmark, the shipping industry is the second most important export earner with foreign gross earnings of ' 11.5bn in 2000. Like other countries, shipping is at the core of the Danish maritime cluster that has a total turnover of ' 18bn and employs more than 50,000 people. Shipping is Norway's largest exporter of services and the second largest export industry after oil and gas. In 2000 the sector accounted for more than half the country's exports of services and the fleet contributed ' 8.9bn in freight earnings, or 10% gross Norwegian foreign exchange revenues. In the UK the shipping industry had global earnings of ' 8.3bn and made a net direct contribution to the balance of payments of ' 2.3bn and an overall contribution of '5.3bn (including import savings).

The European flag fleet covers the whole range of vessel types, dry bulk accounting for some 17%, tankers and gas carriers 41%, other dry cargo vessels 39% and passenger ships 3%. European shipping is particularly strong in the global context in relation to container vessels, having over 24% of the world container tonnage. Moreover, in the ro-ro category, the share of world tonnage is over 55% in terms of ro-ro passenger ships and some 39% in relation to ro-ro cargo vessels. The ongoing renewal of the European fleet is reflected in the average age of the total fleet which in April 2001 stood at 12.3 years compared with the world average of 13.8 years.

There are more than 180.000 seafarers currently employed on EEA Flag vessels, some 70 % of EEA nationality. In addition many thousands of EEA seafarers are employed on vessels operated by EEA shipowners under third country flags. Employment in the wider maritime sector in the EU is estimated to be around 2 million people. ECSA is formally recognised as social partner by the Commission and is active in the Sectoral Dialogue Committee in this context.


An attractive and durable investment climate essential

The application of the 1997 State Aid Guidelines is getting more and more support and the results are promising. Measures to improve the structural competitive position of the shipping sector, including a tonnage tax regime, are now applicable in the Netherlands, Norway, Germany, the UK and Greece (since 1938), and have been placed before the Parliament in Finland. Denmark has recently notified a tonnage tax regime. Other and/or similar measures have been taken in Sweden, Italy and Spain where a tonnage tax regime is also being discussed.

Discussions on the further application of the measures as recommended by the Guidelines are currently taking place in Belgium, Portugal, France and Ireland.

Though the supportive regimes are still rather new, the first results are encouraging. The decline of the EU registered fleet could be stopped and gradually an increase can be noted. The position in the Netherlands, Norway, Italy and Germany is evidence of this positive development.

To maintain and further stimulate this positive evolution an attractive and durable regime is however essential. ECSA welcomed the statement of the Commission's Vice President Loyola de Palacio made on the occasion of the March Board meeting in Brussels that the State Aid Guidelines should be maintained and that the tonnage tax regime could be considered as best practice. State Aid Guidelines being crucial for European shipping such a long term approach is the basis for safeguarding maritime know how in Europe.



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›››File
FROM THE HOME PAGE
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The liner shipping industry contributes substantially to the U.S. economy.
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This is highlighted by an analysis carried out by S&P Global Market Intelligence on behalf of WSC and PMSA
Toll worsens from explosion in Iranian port of Shahid Rajaee
Tehran
It caused 46 deaths and injured over 1,200 people
Tender for concession of container terminal at Ukrainian port of Chornomorsk to be announced by mid-year
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Wärtsilä's first quarter is positive
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New orders value growth slows
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Transaction valued at $440 million
ESPO: The EU Parliament's Budget Committee's request for more funding for transport, energy and infrastructure is welcome
Brussels
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Solidarity contribution for the families of port workers who are victims of accidents at work
Rome
It was established by the National Bilateral Port Authority
Bureau Veritas Marine & Offshore Division Reports Record Quarterly Revenue
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New historical peak also for the classified fleet
PSA reportedly considering selling its 20% stake in Hutchison Ports
Singapore
This is according to "Reuters", which had already floated this hypothesis at the end of 2022
Federagenti, Italy must give a sharp acceleration to the projects of ZES, free zones and Special Logistics Zones
Rome
Pessina: There is no space for reflections prey to bureaucracy
In the first quarter of this year, freight traffic in the port of Rotterdam decreased by -5.8%.
Rotterdam
Both disembarkation (-3.1%) and embarkation (-11.9%) loads are decreasing
Increase in container cargo is not enough for the port of Antwerp-Bruges to avoid a -4.0% decline in quarterly traffic
Antwerp
The decline in liquid bulk cargoes worsened (-19.1%)
The China Shipowners' Association considers the measures taken by the US against Chinese ships a typical example of unilateralism and protectionism
Beijing/Washington
The WSC reiterates that such measures could undermine American trade, harm U.S. manufacturers, and undermine efforts to strengthen the nation's maritime industry.
COSCO Expresses Strong Opposition to US Planned Taxes on Chinese Ships
Shanghai
They distort fair competition - the Shanghai group denounces - and hinder the normal functioning of shipping
Growing share of new entrants in European rail transport sector
Madrid
In 2023, rail freight transport performance decreased by -8%
New Chinese Ship Taxes That Will Only Raise Prices for Americans
Washington
The executive vice president of the US Chamber of Commerce denounced it
Tax amounts set for China-linked vessels arriving at US ports
Washington
Calculated on the basis of net capacity or container volume, they will be applied from October and will be progressively increased
International tender launched to award concession for new Casablanca port shipyard
Casablanca
It is the largest in Africa and has been unused since 2019
Federlogistica, the industry must stop approaching logistics only in terms of costs
Genoa
Falteri: a national control room composed of representatives of the logistics sector and industrial groups is necessary
ABB closes positive first quarter even if revenue growth is lower than expected
Zurich
Wierod: Our consolidated local-for-local approach protects us from the trade war
New global minimum wage deal for seafarers
Geneva
The level will rise to $690 from January 1, 2026 to reach $704 from 2027 and $715 from 2028.
Global trade in goods could fall by -1.5% this year
Geneva
WTO predicts. Okonjo-Iweala: Persistent uncertainty threatens to slow global growth, with serious negative consequences for the world
In 2023, around two-thirds of all goods moved in the EU were transported by sea.
Luxembourg
In the period 2013-2023, only the share of road transport increased, while that of other modes decreased.
Postal shipments of goods from Hong Kong to the US suspended
Hong Kong
Hongkong Post faces exorbitant and unreasonable tariffs due to unjustified and intimidating actions of the United States
Confitarma highlights the need for the decarbonisation strategy not to penalise shipping compared to other modes
Rome
Zanetti: also ensure that the implementation process takes into account the operational needs of the industry
Intercargo and Intertanko raise concerns over shipping decarbonisation deal
London
The complexity of the measure adopted by the IMO and the unusual procedure from which non-governmental organizations were excluded were highlighted
Pirate attacks on ships to spike in first quarter of 2025
Pirate attacks on ships to spike in first quarter of 2025
London
Sharp increase in incidents in the Singapore Straits
Interferry welcomes IMO agreement on decarbonisation of shipping, but finds strategy too complex
Victoria/Piraeus
Greek Shipowners' Association disappointed by failure to recognise essential role of transition fuels such as LNG
International Labour Organization Recognizes Seafarers as Key Workers
London
ITF and ICS: a historic moment
CMA CGM to acquire 35% of Egypt's October Dry Port
Cairo
The company operates a dry port in the industrial and logistics zone near Cairo
MSC Group's TiL to Take Full Control of Hutchison Ports Terminals
New York
Bloomberg reports this, specifying that the Panamanian terminals would be jointly managed with BlackRock
Draft regulation on decarbonisation of shipping approved by MEPC includes mandatory fuel standard and pricing of greenhouse gas emissions
London/Washington/Brussels
The establishment of a Fund to collect resources deriving from the pricing of emissions is foreseen
Task force of five associations for the relaunch of Italian rail cargo
Rome
Initiative by Agens, Assoferr, Assologistica, Fercargo and Fermerci
MIT indicates Matteo Paroli as new president of the ports of Genoa and Savona-Vado
Rome/La Spezia
The La Spezia port community also requests a name for the Eastern Liguria Port Authority
The 2024 final budget of the Central Adriatic Sea Port System Authority has been approved
Ancona
Green light from the Management Committee
RFI, tender awarded for maintenance and telecommunications enhancement works
Rome
Program worth approximately 180 million euros
Contract signed assigning CMA CGM the management of the container terminal at the port of Latakia
Damascus
Investments of 230 million euros expected in the first four years
Rizzo appointed extraordinary commissioner of the Strait Port System Authority
Messina
DHL Group revenues increased by +2.8% in the first three months of 2025
Bonn
Net profit of 830 million euros (+3.9%)
Purchase of area for new cruise terminal in Marghera completed
Venice
It is expected to become operational in the 2028 cruise season.
CMA CGM Completes Acquisition of Air Belgium
Marseille/Mont-Saint-Guibert
Mazaudier: Strengthen our air capacity with immediate effect
In 2024, 94.4 million tonnes of goods were transported on the Austrian rail network (+2.2%)
Vienna
31.8% of the total volume was achieved on routes longer than 300 kilometres
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Tirana
Passengers also decreasing (-1.6%)
The final budget and the annual report 2024 of the AdSP of Sardinia have been approved
Cagliari
Pilot project for the unified issuing of port access permits for haulers
Interporto Padova's 2024 financial statements unanimously approved
Padua
Revenues up +7.3%
Redevelopment works underway at the agri-food hub of the port of Livorno
Leghorn
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Bluferries is ready to put the new ro-pax Athena into service in the Strait of Messina
Messina
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Taranto
424.8 million port works completed in the last decade
Kalmar reports lower quarterly revenue, higher new orders
Helsinki
In the first three months of 2025, net profit was 34.1 million euros (+2%)
Antonio Ranieri is the new maritime director of Liguria
Genoa
He takes over from Admiral Piero Pellizzari who was discharged from the service upon reaching the age limit
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Hong Kong
Revenues grew by +11.0%
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Hong Kong
In the first three months of 2025, port terminals handled 36.4 million containers (+5.6%)
The financial statements of the AdSP of Western Liguria and the Central-Northern Tyrrhenian Sea have been approved
Genoa/Civitavecchia
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Helsinki
343 million euros of new orders for port vehicles (+37.5%)
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Schindellegi
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Leghorn
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Leghorn
The final budget and the annual report of the AdSP have been approved
In the first quarter the port of Valencia handled 1.3 million containers (+3.4%)
Valencia
Transhipment traffic decline
EIB advice to strengthen climate resilience of the ports of Volos, Alexandroupolis and Patras
Luxembourg
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Naples
SOS LOGistica will acquire the qualification of Third Sector Entity
Milan
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Barcelona/Algeciras
Hupac transfers intermodal service with Padua to Novara
Noise
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Genoa
Capacity up to 20 pairs of trains per day
The 2024 financial statement of the Eastern Liguria Port Authority was unanimously approved
The Spice
The war clearance preparatory to the expansion of the Ravano Terminal in La Spezia is nearing completion
The Spice
The AdSP has invested over 600 thousand euros in it
Francesco Rizzo appointed president of the AdSP of the Strait
Rome
He has repeatedly denounced the uselessness of the construction of the bridge over the Strait
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
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Tampa/Beirut
38 dead and over a hundred injured
In 2025 Stazioni Marittime predicts an increase in ferry and cruise traffic in the port of Genoa
MIT Mobility Report Highlights Rising Demand for Both Passengers and Freight
Rome
In the first quarter, cargo traffic in Russian ports decreased by -5.6%
St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
Milan
Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
In the first quarter of this year, container traffic in the port of Gioia Tauro grew by +15.5%
Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
Historic shipbuilding brands Uljanik and 3.Maj on the verge of extinction
Zagreb
The State confirms its intention to sell the shipbuilding activities at the two sites of Pula and Rijeka
Cambiaso Risso has completed the acquisition of the French Somecassur
Genoa
The transalpine company specializes in the insurance of super and mega yachts
New weekly train service between the port of Gioia Tauro and Verona
Joy Taurus/Verona
Operated by Medlog for the transport of refrigerated goods
EBRD looking for strategic partner for development of Moldovan river port of Giurgiulesti
London
International competition launched
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 "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
It will take place at the headquarters of the Port Authority of Genoa
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Turkish ports set new first-quarter cargo traffic record
Ankara
Historic peak of cargo imported from abroad
In the first quarter of 2025, freight traffic in the port of Taranto grew by +37.6%
Taranto
Increase of 854 thousand tons of solid bulk and 265 thousand tons of conventional goods
DEME buys Havfram, a company that installs offshore wind farms
Second Right/Washington
Transaction worth approximately 900 million euros
Rail transport of convoys for Rome Metro started from Reggio Calabria
Rome
Contract awarded by Hitachi Rail to Mercitalia Rail
In 2024, the volumes handled by Magli Intermodal Service decreased by -2%
Rezzato
Turnover stable
Yang Ming records first decline in turnover in March after 14 months of growth
Keelung/Taipei
Evergreen and WHL revenue growth continues
The European Commission has approved the acquisition of Germany's Schenker by Denmark's DSV
Brussels
The impact on competition in the markets in which the two companies operate is considered limited
Fincantieri - Kayo Agreement to Promote the Development of the Shipbuilding and Naval Industry in Albania
Trieste
Possible creation of a hub for shipbuilding and refitting in the region
Recent slight reduction in logistics costs for new factory vehicles
Brussels
Montaresi (AdSP Liguria Orientale) awarded with the "Port Oscar"
Miami
The event has reached its eighteenth edition
In the first three months of 2025, containers carried by OOCL vessels increased by +9.3%
Hong Kong
Revenues up +16.8%
The AdSP of the Southern Tyrrhenian and Ionian Seas wins in appeal against Zen Yacht
Joy Taurus
Company ordered to pay back rent
A large shipment of cocaine was seized in the port of Livorno
Leghorn
Two tons of drugs identified by Customs and Financial Police personnel
Navantia renews agreement with American cruise group Royal Caribbean
Miami
To date, the Cadiz shipyard has carried out maintenance, repair and refurbishment work on 45 of the group's ships.
Record cruise traffic expected in Italian ports this year
Miami
Cemar believes that growth will not stop even in 2026
HII-HHI Agreement to Accelerate US and South Korean Naval Production
National Harbor
The aim is to strengthen the naval industrial base of the two nations.
Panama Ports Company Accused of Violating Terms of Concession Agreement
Panama
Panama's Auditor General announced the filing of criminal charges
Colombo West International Terminal has become operational
Ahmedabad
It has a traffic capacity of 3.2 million TEUs
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
The new multifunctional border control structure PCF - PED/PDI Point completed in the port of Gioia Tauro
Joy Taurus
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
MSC Group's new cruise terminal inaugurated in Miami
Miami
It can accommodate three large ships at the same time
In February, traffic in the port of Ravenna increased by +2.1%
Ravenna
Bulk cargo increases, miscellaneous cargo declines
In 2024, Ferrovie dello Stato Italiane recorded a net loss of -208 million euros
Rome
Revenues up by +11.7%. The group's freight transported increased thanks to the acquisition of Exploris
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
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