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3 aprile 2025 - Anno XXIX
Quotidiano indipendente di economia e politica dei trasporti
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Shipping and Shipbuilding Markets in 2002

I N D E X




The containership market in 2002


The freight market
 
Fleet growth versus demand
The operators
The fleet
The second-hand market

 

The year 2002 can be summed up as a year of convalescence, after the 2001 traumas, while 2003 is hopefully to see full health recovered ' at least in the absence of any unpredictable event.

Indeed, 2002 has been also a transitional year on another front, as new, stringent rules on container content monitoring and cargo manifests have been elaborated by the U.S. administration to prevent unwanted weapons entering the U.S. The year 2003 will see these rules coming into force.

During the implementation phase, hiccups will surely occur, resulting in ship delays. Carriers said that they will have to pass the costs of these measures onto shippers, although it is not yet clear if it will be through rate increases or through a 'U.S. cargo manifest' surcharge.
 
The freight market

2002 has been a mixed year, with varying fortunes witnessed by operators. Some of them expected to close the year with comfortable profits while others are deep in the red.

Charter rates for containerships have increased by around 75 % on average since the January 2002 lows. At least the rise lasted until November, when the winter season and its lower volumes of cargoes started to take effect.

Rates eased slightly during the last weeks of 2002, but were expected to rise again in the first quarter of 2003. Relatively strong rates can be anticipated for the next summer season, boosted by traditional high seasonal volumes and a well-balanced supply / demand ratio.

The larger the ship, the more volatile the rates. This is well illustrated by the fluctuation in rates for modern 3,500 teu ships, which plunged from $ 25 / 26,000 in the Summer 2000 to $ 10,000 in January 2002. They have recovered month after month in the first part of 2002 to stagnate around $ 17,500 in the second part of the year. Meanwhile, rates for 1,100 teu ships went down from $ 9,500 (summer 2000) to $ 5,250 (January 2002), and $ 7,000 / 7,500 during the last quarter 2002.

Having plunged under the $ 6,000 mark in January 2002, the rates for 1,700 teu ships -such as the B-170s- have risen to reach $ 9,500 in October 2002 before easing just under $ 9,000 at the year end. There is some way to go before flirting again with the $15,000 figure of the summer 2000.

The fleet of cellular ships over 1,000 teu identified as idle (not including those which underwent routine general repairs) has decreased from 160,000 / 180,000 teu during the first four months of 2002 to around 60,000 teu during the summer. Is was expected to increase slightly after the summer season, but it did not, thanks to the lock-out in the USWC ports, which has prolonged artificially the demand for 1,000 to 2,500 teu ships in order to scoop up the boxes left in Asia by delayed main-line ships. At the beginning of 2003, the idle fleet stood at 65,000 teu. Interestingly, there were no large ships identified as mothballed. The situation is indeed very different from one year ago.

Industrial production is rising again in most south east Asian countries while the export boom in China seems endless. As this region of the world generates high containerised cargo volumes, it governs the supply/demand balance in container transportation more than other regions.

In 2001, the world seaborne trade contracted by 1 %. It is now growing again. After a period of stalling during the winter 2001-2002, the demand in container transportation has, surprisingly, recovered above all expectations. The volume of containers carried at sea is expected to grow by 7 or 8 % in 2003, in line with growth rates observed in the 1990s.

The demand in container transportation may even surpass these figures. The cellular fleet has risen by 10.8 % per annum over the past 7 years. The way the market has absorbed this extra capacity is remarkable. So, with an expected cellular fleet growth of 'only' 7.5 % per annum for the years 2003 and 2004, the market will be on the owners side.

Another factor which may have a strong impact on rates is the trend of East Asian-U.S. cargoes shifting from the U.S. West Coast ports to the U.S. East Coast, to the detriment of rail 'landbridges'. The Panamax ships of 4,000+ teu are much sought after for the Far East-USEC services that have to transit the Panama Canal.

The longer transportation distance means that eight or nine ships are needed on such services instead of five or six for the Far East-USWC option. Assuming that, say, four new Far East-USEC routes are launched, it means that a dozen supplementary Panamax ships are needed. This can be sufficient to create a shortage of such ships, and could send the charter rates soaring for 4,000 teu ships.
 

Fleet growth versus demand

The fleet growth is expected to match the rise in demand, at least during the years 2003 and 2004. A tight market may well even develop if the 10 to 11 % growth in containership demand observed since the mid-1990s is to continue.

This spectacular growth rate of the cellular fleet will not be repeated in the two years to come. It will hover around 7.5 % (see accompanying table). This will lead to a fleet of 7 million teu in January 2005, up from 6 million teu in January 2003 and 3 million teu in January 1996.

In fact, to keep up with the average yearly increases of 7 % in the seaborne container trade observed during the past decade, the cellular fleet should have grown from 3 million teu in 1996 to 4.8 million teu in early 2003 (notwithstanding the increase in average ship speed and box handling productivity).

So, the extra 1.2 million teu of on board capacity added to reach the 6 million teu figure has been filled with goods which were either already containerised, but were moved on general cargo vessels or simply not containerised half a decade ago. Breakbulk liner services continue to fade away as the cargoes they carry shift to the box (see inset).

This leads to think that, in the first instance, owners and operators were right to invest so massively in container tonnage. However, the balance is fragile. Most operators are struggling in trying to make profits, and economic accidents are catastrophic for the bottom line.
  

The dwindling breakbulk services

As the container continues to make inroads into the breakbulk sector, the surviving regular conventional services see their volumes dwindle year after year, vanishing like fading stars. Each year brings it examples. In 2002, the U.S. Gulf-Brasil service operated by Brasilian operator Global Transporte Oceanico (GBTO) was closed. This service used to be run with up to five 17,000 dwt / 500 teu ships in the mid 1990s (mostly Astrakhan tonnage), then lost progressively its grip on the market as competitive container services were incessantly upgraded, up to the unavoidable weekly frequency and with unbeatable transit times. High volumes of specific cargoes (such as CKDs - Cars Knocked Down) and the boxes still carried on these multipurpose ships were more and more siphoned off by full container ships, while cheaper box rates helped to attract low value 'breakbulk' cargoes. And as the cargoes flee the conventional ships, less and less sailings were offered. Eventually, these services lost their remaining appeal with regular shippers.
 

As for the non-cellular fleet deployed on liner trades, it includes multipurpose cargo vessels, ro-ro ships and a few conbulkers. Some of these non- cellular ships are currently deployed on liner trades, and as far as they can be identified they total some 1,550 units of 100 teu and over, representing around 800,000 teu.

By comparison, in early 1996, the figure for these ships stood at around 2,600 units for almost 1.1 million teu. Thus, the non cellular component of the liner fleet has lost 1,050 ships for some 0.3 million teu in 6 or 7 years, which can be assumed to have shifted to cellular ships (and this is a maximum figure as many general cargo ships and ro-ros do not make full use of their teu capacity).

This still leaves us with a differential of almost 1 million teu, which can be assumed as having absorbed cargoes not yet containerised in the mid-1990s as well as empty boxes carried in larger quantities than ever before.

In addition, it can be said that these massive investments spurred competition so that box rates reached such low figures that the container sector now attracts low value cargoes or goods of a certain value, which were until recently cheaper to carry in conventional or bulk carrying tonnage, such as steel products, forest products or bagged sugar.
 

No reversal expected in the box rates downtrend

Should this trend continue, as there are still a lot of goods that could be containerised, container tonnage could be ordered massively and yet be filled. The question is of course the cost for carriers' It is a nonsense to carry waste paper on ships plying at 25 knots but such low value cargoes make a few bucks when repositioning otherwise empty boxes, which is better that nothing at all. Conversely, a lot of not so cheap consumer goods are carried at a cost representing a tiny fraction of their prices as displayed on the retail shelf.

The industry is still fragmented, with the 'Top 10 carriers' controlling roughly 50 % of the market. So there is room for bitter rivalry. Intense competition between carriers and the race for market share have driven rates down over the years, and there are no signs of a reversal of this trend. Instead, the container shipping industry is under constant pressure not only from shippers -which is natural- but also, more artificially, from regulators, which suspect every form of alliance or sharing agreements to generate cartel-like behaviour.

And with 4,000+ teu ships starting to find their way on North-South trades, the box rates are expected to plunge further in the long term on these trades, in corollary to the economies of scale that these large ships allow.
Fragmentation, competition pressure and the race to market share are powerful incentives for mergers and acquisitions. On the other hand, the destruction of value, which has followed large mergers in the recent past (in sectors ranging from the automotive industry to the telecom and steel industries) appears as a strong deterrent. There has been a lull in the consolidations since the late 1990s. A new round of mergers is inevitable. But who can dare say when it will happen, and in what context ?
 

The deadweight comes back in vogue

The cargoes which have shifted to the container over the recent years are generally significantly heavier than the cargoes traditionally stuffed in boxes. The deadweight capacity of containerships now takes on a greater significance than ever before. With most liner statistics focusing on teu, the deadweight capacity has been forgotten. It is now time to reinstate it. After all, the cellular fleet nom reaches 85 million dwt, which represents roughly 10 % of the deadweight tonnage of the world merchant fleet.

The traditional items carried by containers are light ones, both in their own nature (think of the volume to weight ratio of a TV set) and because of the packing used (think of the super light polyester pads which protect this same TV set in its bulky cardboard box) ' not to mention boxes full of Christmas balls which flow periodically out of China. Light boxes have now to share ship slots with boxes fully laden in weight.

Modern cellular ships are designed in such a way that the average load of teu carried stands at around 12 to 13 tons per teu, which leaves roughly 10 tons of cargo per teu after subtraction of the box tares, and allowance for bunker supplies.
Most of the time, ships are today fully laden in weight well before deck cargoes are complete. Fortunately, empty boxes have often to be repositioned on the legs where the average loaded box weight is high. Thus, deck cargoes are topped up with these empty boxes, provided that allowance has been planned to take their light weight into account.

The operators

The liner shipping industry is not as concentrated as other industrial sectors. It is scattered among some 300 operating groups operating 4,650 ships deployed on liner trades worldwide, representing 6.3 million teu at the closure of the year 2002, of which only 1 % were inactive, according to BRS-Alphaliner data.

The largest of them, Maersk-SeaLand, operates a capacity of 825,000 teu, representing 12 % of the global active capacity in teu terms. The next in size is MSC, with 6.8 % of the global capacity.

There have been only minor transactions in 2002. The most significant ones have been the sale by Andrew Weir & Co of most of its services to Hamburg-S'd (which bought the Ellerman Line) and CMA CGM (which bought MacAndrews and UBC), the sale by D'Amico di Navigazione of Italia Line to C.P. Ships and the sale by CSX of its container shipping activities to US investors. Interestingly, the ships owned by the sellers were not involved in the Andrew Weir and D'Amico deals, and were merely chartered in. Other transactions are summed up in the accompanying table.

There are larger deals in the offing. P&O Nedlloyd could become a target when it will be introduced on stock exchanges (which was postponed). APL, which suffers from heavy losses, is also prone to accept an M&A deal (although APL parent company NOL is to raise cash from the planned sale of its tanker subsidiary AET). The privatisations of Zim and S.C. India are still in the news, although they have stalled for political reasons.

East-West niche carriers are also downsizing their operations as they cannot compete with global organisations employing large, economic ships. In 2002, Trans Pacific Line (TPL) left the Asia-U.S. trade while Sinotrans left its Asia-Europe trade. Senator Linie has also left all its U.S.-related trades, which have been in fact shifted to its parent company Hanjin.
 


 

Operators : transactions and significant moves in 2002

Straight sales

  • Hamburg-S'd bought the Ellerman Line from Andrew Weir & Co.

  • CMA CGM bought MacAndrews and UBC from Andrew Weir & Co.

  • C.P. Ships bought Italia Line from D'Amico di Navigazione.

  • CSX Corp. (U.S.) reached an agreement to convey its domestic container shipping unit CSX Lines LLC to a venture formed with the Carlyle Group (effective 2003).

  • A.P. M'ller bought the liner division of Copenhagen-based Torm A/S D/S.

  • Navalmar Transportes Maritimo (Boggazzi Group) bought 50 % of the stock of Nordana Line A/S from Dannebrog.

  • CSAV bought the Norsul container shipping activities (Brasil), which were limited to its participation in the 'Good Hope Express'.

  • Sea Star Line (U.S.) bought Navieras de Puerto Rico (U.S.) from Holt (U.S.).

  • Tropical Shipping (U.S.) bought certain assets of Tecmarine Lines and TMX Logistics (U.S.).

  • Seaboard Marine (U.S.) bought the remaining services of Tecmarine (U.S.).

  • Wan Hai took over the customer base of Trans Pacific Line.

Transfers within operating groups

  • The Preussag Group bought the remaining 0.4 % of Hapag-Lloyd shares, giving it the whole control of the company.

  • Tschudi & Eitzen (Norway) gained 100% ownership of the Estonian Shg Co.

  • NYK completed its stake in TSK (its intra Asian arm), gaining 100% ownership.

  • Evergreen International Storage and Transport Corp. bought Uniglory (intra Asian arm of Evergreen) through a share swap.

Cessations of activity

  • International Shipping Line (ISL) was terminated after Belgium - based MCL Shipping (Maritime Chartering & Liner Shipping Company NV, which managed the ISL service) filed for bankruptcy (ISL operated a North Europe - West Africa breakbulk service).

  • Valuship ceased its activities after the failure of its  WCNA-Europe service.

Significant other moves

  • Senator Linie (Germany, 75 % Hanjin ownership) left all the services involving the U.S.

  • Sinotrans left the China-Europe trade.

  • Fu Hai Line halted its Far East-South Africa service.

  • Coral Container Line (Cuba) closed its own Med-Cuba service and opted for slot buying.

  • Global Transporte Oceanico (Brasil) closed it U.S. Gulf-Brazil multipurpose service.

  • Libyan carrier GNMTC ran into difficulties.

The fleet

The cellular fleet stood at 6,068,000 teu on 1st January 2003, shared between 3,044 ships. It has doubled during the past seven years, in teu terms, meaning that the average annual growth has been at roughly 10.5 %. In 2002, the growth reached 10.3 %.

Two hundred and one cellular ships were delivered during the year 2002, for a total capacity of 642,261 teu. At the same time, 59 cellular ships were withdrawn for 74,001 teu, leaving a net fleet increase of 568,260 teu.

Eighty two cellular ships were ordered for 363,000 teu, Their cumulated value is estimated at $3.6 billion. It is a far cry from the year 2000, when 1,038,000 teu were ordered for a total value of $11.5 billion (some of them were however cancelled in 2002, especially in Polish yards).

In 2003 and 2004, the annual growth should reach a relatively modest 7.5 %, based on the current orderbook in January 2003 and taking into account a deletion rate of 50,000 teu per annum.

The largest ships in service remain the 19 'Sovereign' class series vessels of Maersk-SeaLand, the capacity of which stands at around 8,000 teu (although advertised at 6,600 teu by A.P. M'ller). Four of them were delivered in 2002. A.P. M'ller has six 'large' ships on order, for delivery in 2003-2004. Their size is undisclosed and it is only when the first ship will be delivered that their real capacity can be appreciated. Meanwhile, Seaspan has ordered five ships of 8,100 teu at Samsung on behalf of a long term charter by China Shipping Container Lines (CSCL).

There are currently 28 ships of more than 7,000 teu in service, including 25 units owned by A.P. M'ller and three by Hapag-Lloyd. There are 29 more on order : six for A.P. M'ller/Maersk-SeaLand, eight for OOCL, five for Seaspan/CSCL, five for Rickmers Schiffahrts/Cosco, four for P&O Nedlloyd and the remaining ship for Hapag-Lloyd. German owners have engaged discussions with Hyundai for a series of ships of 8,450 teu.

With the exception of the six Maersk-SeaLand newbuildings, for which nothing is known, all the 7,000+ teu ships offer a breadth of 42,80 m, allowing the stowage on deck of 17 rows of boxes. This is no coincidence : most of the large terminals are fitted with gantry cranes with a 17-row or 18-row reach.

As for the six Maersk-SeaLand newbuildings for delivery this year and next, a breadth of 55 or 56 meters cannot be ruled out. It corresponds to 22 rows on deck, in line with the gantry cranes in which Maersk-SeaLand invested so much over the past three years for its own terminals. One can reasonably speculate that such an investment will be matched with the construction of adequate ships. That means the 10,000 teu barrier could be broken.

 

The containership second-hand market in 2002

 

2002 as a vintage was relatively modest but nonetheless respectable concerning the second-hand market activity, with some 135 containerships sold for a combined value of $ 1.56 billion. The relative weakness of the market can be explained for the most part by the quasi-non-existence of the German market (except the numerous orders of new ships), preoccupied by placing the 150 ships already in her portfolio with local independent investors. On the other hand, this year can be viewed as one of consolidation after several seasons rich in mergers and acquisitions.

The breakdown of the sales in 2002 quite accurately reflects the proportions of the existing fleet with 13 ships over 3,000 teu (of which 5 over 4,000 teu) sold, 30 ships between 2,000 and 3,000 teu, 50 ships 1,000 and 2,000 teu and 42 ships under 1,000 teu.

There were relatively few massive 'en bloc' sales this year, with the exception of the 11 ships built in 1995-1996 of 650 teu for Elite Shipping sold to the Danish operator Clipper for a global price of $ 110 million, and the 4 ships of 3,500 teu built in 1993-1994 of L+B sold to MSC following a bareboat charter for about $ 20.7 million each.

The Greek owner Technomar was extremely active this year with 5 ships bought in 2002 to bring his total to 13 (of which 4 GX-class, 4 G-class and 4 L-class) bought from Evergreen on a time charter back for 5 to 7 years.

The small number of ships scrapped this year is worth noting, 59 ships with a total containership capacity of 74,001 teu roughly 1 % of the world capacity. This phenomenon can largely be explained by a freight market, which on average was rising steadily throughout the year.

A large majority of business contracted in 2002 was combined with charter employments (longer or shorter depending on investment sizes) to the liner operators, which has now become a recurring feature in this sector's activity.

As to price variations over the year, it can be summarised by a rising curve, which saw all sectors appreciate by some 10 to 20 % compared to 2001. Naturally this trend is more or less pronounced according to the various type and size of ships. As to be expected the sale prices follow the tendency of the market, with immediate effect in the case of a jump in daily rates (which happened this year), whereas prices are bolstered up for a longer period in the case of falling freight rates. Consequently although we have seen rates drop as from November 2002 after the prolonged strike in ports which blocked a large number of ships on the U.S. West Coast, ship prices have nonetheless remained fairly stable over the last two months.
 

Ships under 1,000 teu

As usual with this size, buyers are fairly heterogeneous. Given their poor profit-earning capacity in terms of pure investment, it is rarely speculators but rather pure liner operators who buy these ships. The market price has remained very steady. The improvement in rates has helped reassure buyers as to the high prices being sought by sellers. It is in these conditions that we have seen the following:

  • 'Flemming Sif', 'Kathrin Sif' 9,750 dwt, 972 teu, 1990 Orskov, change hands at around $ 8.7 million each.
  • 'Green Breeze', 'Green Better' and 'Green Bridge', 512 teu, 1984 Hakodate, sold to Bangladesh buyers at around $ 2.5 million each.
  • 'Xin Hai Yi', 9,734 dwt, 612 teu, 1985 Japan, sold for $ 3 million in September 2002 to Chinese buyers.

Ships of 1,000 to 2,000 teu

The market took advantage of a favourable upsurge after having slumped in the doldrums during the course of 2001. A large number of ships on order which can take the place of sold units have been delivered or are on the point of being so. Sales have for the most part benefited from time charters back, covering the interim period up until the delivery of new ships awaited by the sellers. We can note for example :

  • 'Sagittarius' 23,051 dwt, 2001 Szczecinska, 1,730 teu, 20 knots on 50.5 t, sold by Costa Container Lines for $ 22 million in September to Lipsi Navigation.
  • 'Mapocho' 21,184 dwt, 1999 Hanjin, 1,620 teu, sold to CSAV for $ 17.4 million in September.
  • 'Iyo', 24,370 dwt, 1995 Shin Kurushima, 1,613 teu, 20 knots on 53 t, sold by Fair Wind Navigation to Tsakos for $ 13.3 million in December 2002.
  • 'Box Wave', 'Gallant Wave', 24,083 dwt, 1995 and 1996, Shin Kurushima, 1,510 teu, 19 knots on 45 t, sold in August to clients of Teo Shipping for $ 14 million each with a charter-party attached for 18 months at $ 8,000 per day.
  • 'Kuo Lih', 18,050 dwt, 1995 Imabari, 1,471 teu, 17 knots on 31 t, sold in May to clients of Vroon for about $ 9.7 million, with a charter-party attached for 12 months at a level of $ 7,500 per day.
  • 'Lisboa', 'Tavira' and 'Miden Agan', 21,370 dwt, 1982 Warnowwerft, 1,438 teu, 19 knots on 62 t, sold in October by Sarlis Container Line for about $ 3 million each.

Ships of 2,000 to 3,000 teu

One can detect a certain hesitancy on the part of buyers in this market as the future does not have the backing of a fair number of operators. Some fear that the units of 2,500 teu will be replaced sooner or later by ships carrying more than 3,000 containers. This point of view is supported by an orderbook which carries relatively few ships of this size. It is true that 1999, 2000, and 2001 produced a large number of units between 2,000 and 2,800 teu. Operators have consequently been prudent, in concluding several operations mainly secured against firm employment:

  • 'P&O Nedlloyd Xiamen', 'Oriental Bay' and 'Grand Vision', 44,006 dwt, 59,285 dwt and 44,005 dwt, built in 1991, 1989, and 1991 at Daewoo, with a capacity of 2,797, 4,206, and 2,986 teu were sold en bloc on subjects to clients of Zodiac for $ 61 million.
  • 'MOL Victory' and 'MOL Independence', 40,638 dwt and 38,014 dwt, 1988 and 1986 Imabari, 2,890 and 2,571 teu, 22 knots, sold en bloc in October by Karakoram Maritima to clients of Danaos for $ 24 million.
  • 'MSC Europe', 45,647 dwt, 1986 Tsuneishi, 2,875 teu, 22.5 knots on 89.5 t, sold in June by Acasia Shipping to clients of Danaos for $ 12 million.
  • 'LT Glory', 'LT Grand', 'LT Globe', 43,310 dwt, 1984 Onomichi, 2,728 teu, 20.5 knots on 74 t, sold en bloc in December by Everglory Line to clients of Technomar for $ 13 million each with a charter-party attached for 5 years at a rate of $ 12,500 per day.
  • 'CMA CGM Claudel', 34,622 dwt, 2002 STX, 2,602 teu, sold by Efshipping to Schulte Group for $ 33.85 million, including a transfer of the charter-party to CMA CGM until February 2007 at $ 16,600 per day.
  • 'Christine Schulte', 33,871 dwt, 2001 Hyundai, 2,550 teu, sold in December by B. Schulte to German investors for $ 33.5 million, including a transfer a 4-year charter-party to CSAV at $ 16,750 per day.
  • 'Ambassador Bridge', 45,643 dwt, 1986 Tsuneishi, 2,518 teu, 22.5 knots on 89.5 t, sold in May to clients of Danaos for $ 11 million with a 18 to 24 month charter-party at $ 12,000 per day.

Ships over 3 000 teu

Only 13 sales were achieved out of more than 600 ships existing in this category. None or very few sellers showed themselves. The market was extremely nervous on the selling side, with owners reluctant to sell for fear of not finding a replacement unit and this, even if the sale prices were attractive. Consequently outside of the 'straight' purchase by MSC of 4 ships from L+B, already under charter to them, the others sales were all undertaken by operators / investors against charters back. These operations are more and more sought after not only by the traditional German investors, but also by owners such as Zodiac, Technomar, Danaos, Costamare'

  • 'CMA CGM Normandie', 59,600 dwt, 1991 Samsung, 4,734 teu, 24 knots on 158 t sold in September by CMA CGM to clients of Zodiac for $ 31 million with a 3-year charter back at $ 21,775 per day.
  • 'MSC Sarah', 'MSC Ingrid', and 'MSC Matilde', 67,795 dwt, 2000 Samsung, 4,400 teu, 25 knots, sold in March to Swiss buyers for $ 40 million each and fixed for a long period with MSC.
  • 'Peloponesian Pride', 53,240 dwt, 1986 Onomichi, 3,428 teu, 21 knots on 74.5 t, sold in August by Evergreen Marine to clients of Technomar for $ 21 million with a 7-year charter back at $ 15,500 per day.
  • 'MSC Martina', 'MSC Sophie', 'MSC Monica' and 'MSC Rossela', 43,600 dwt, 1993, 1994, 1993 and 1994 at Samsung, 3,424 teu, 22.5 knots on 99 t, sold in February by Hansa Asia to MSC for $ 20.7 each, subjects lifted following a bareboat charter with purchase option on the 4 ships.

* * *

Nearly all analysts at the end of 2001 were predicting a vintage 2002 somewhat depressed and a declining market. Once again as in 2000, the containership market surprised everybody. In a stagnant world economy, shipping lines were able to re-distribute the cards to be able to offer a service tailor-made to the situation. The specificity of containers allows such flexibility. It is also this adaptability that reassures investors, who have found a means of investment which insures regularity, safety (very few accidents), flexibility to market changes and - the icing on the cake - tax relief.

At the time of writing, good news has been announced in France regarding the introduction of 'tonnage tax' system. We can only hope that this tax incentive is as open and accessible as it has been in Germany, which thanks to this opening, has experienced the shipping activity that we all know.
 

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A febbraio il traffico delle merci nel porto di Genova è calato del -4,4% e a Savona-Vado è aumentato del +24,5%
Genova
Flessione dei passeggeri delle crociere e dei traghetti
ICS, le misure contro le navi cinesi prospettate da Trump rischiano di avere importanti conseguenze indesiderate, anche per gli USA
Washington
Forte contrarietà alla loro introduzione espressa anche dal WSC
Intercargo, le misure internazionali per la decarbonizzazione dello shipping devono essere semplici e chiare
Londra
Gkonis: non devono compromettere l'efficienza operativa e il regolare trasporto globale di beni essenziali
Il porto di Barcellona investe 124 milioni per lo sviluppo del traffico di combustibili sostenibili
Barcellona
Realizzazione di tre nuovi ormeggi al Moll de l'Energia
Nel 2024 il traffico delle merci nel porto di Catania è tornato a crescere. Calo ad Augusta
Nel 2024 il traffico delle merci nel porto di Catania è tornato a crescere. Calo ad Augusta
Augusta
Movimentate complessivamente 7,9 milioni e 23,0 milioni di tonnellate di carichi
Nel 2024 la società terminalista HHLA ha registrato ricavi record in crescita del +10,5%
Amburgo
L'utile dopo le imposte è ammontato a 56,4 milioni di euro (+33,1%)
Avvio di una consultazione pubblica per l'aggiornamento dei PRP dei porti di Genova e Savona-Vado
Genova
Previsto il coinvolgimento delle comunità territoriali, economiche e sociali
ITU, ICAO e IMO sottolineano i rischi per il trasporto marittimo ed aereo causati dagli attacchi alle comunicazioni satellitari
Ginevra/Montreal/Londra
Il governo di Londra presenta la propria strategia per la decarbonizzazione del trasporto marittimo
Londra
Le misure per i porti saranno definite dopo una consultazione pubblica che si svolgerà nei prossimi mesi
Per la sicurezza non bastano le navi militari, ma sono essenziali anche quelle mercantili
Londra
TUI in trattative con i cantieri navali per due nuove navi da crociera per Marella
Hannover
Slot disponibili a partire dall'esercizio finanziario 2031
ANESCO, con i Centri per l'Impiego Portuale sono diminuiti gli infortuni nei tre principali porti spagnoli
Madrid
Calo del 67% dei giorni di lavoro persi all'anno
Filt, Fit e Uilt, no alla trasformazione da “articolo 18” a “16” dell'azienda portuale livornese LTM
Livorno
I sindacati chiedono all'authority portuale di bloccare la proliferazione di nuovi soggetti economici
Lo scorso anno Fincantieri ha registrato valori record dei ricavi e dei nuovi ordini
Lo scorso anno Fincantieri ha registrato valori record dei ricavi e dei nuovi ordini
Trieste
Folgiero: raccolti i primi i frutti della nostra strategia e visione industriale
Nel quarto trimestre del 2024 i ricavi di COSCO Shipping Holdings sono aumentati del +44,8%
Nel quarto trimestre del 2024 i ricavi di COSCO Shipping Holdings sono aumentati del +44,8%
Shanghai
Nel periodo le portacontainer della flotta del gruppo cinese hanno trasportato 6,9 milioni di teu (+13,1%). In calo i contenitori sulle rotte Asia-Europa/Med
Porto Marghera, rinnovo della concessione a Terminal Rinfuse Venezia
Venezia
Nuovo contratto della durata di 25 anni. Previsti investimenti pari ad oltre 53 milioni di euro
Nell'ultimo trimestre del 2024 nei porti francesi è cresciuto il solo traffico dei container
Parigi
Nell'intero anno i contenitori sono stati pari ad oltre 5,3 milioni di teu (+11,5%)
Carnival segna nuovi record relativi al trimestre di bassa stagione dicembre-febbraio
Carnival segna nuovi record relativi al trimestre di bassa stagione dicembre-febbraio
Miami
Positive le prospettive per la parte restante dell'esercizio 2025
La ferrovia perde terreno nel traffico transalpino delle merci attraverso la Svizzera
Berna
Nel 2024 i treni hanno trasportato 25,7 milioni di tonnellate di carichi (-3,7%)
Lo scorso anno i ricavi della divisione portuale di CK Hutchison sono cresciuti del +10,8%
Hong Kong
Nel 2024 i ricavi di Hapag-Lloyd sono cresciuti del +6,5%. Utile netto in calo del -18,9%
Nel 2024 i ricavi di Hapag-Lloyd sono cresciuti del +6,5%. Utile netto in calo del -18,9%
Amburgo
Nuovo record storico dei container trasportati dalla flotta
L'OPS serve anche per caricare le batterie delle navi mentre sostano in porto
L'OPS serve anche per caricare le batterie delle navi mentre sostano in porto
Bruxelles
Lo ricordano le compagnie di traghetti evidenziando la necessità di poter disporre di un'adeguata fornitura di energia elettrica
L'estensione dell'EU ETS al settore del trasporto marittimo non ha determinato importanti cambiamenti nel mercato dello shipping
Bruxelles
Lo afferma un rapporto adottato dalla Commissione Europea, che non ha rilevato prove di tendenze all'evasione o all'elusione della norma
A febbraio il traffico delle merci nel porto di Barcellona è diminuito del -4,2%
Barcellona
Container in calo del -4,2% a causa della riduzione del -18,8% dei box trasbordati
Presentata una denuncia per frode e corruzione contro il gruppo Bolloré
Parigi
Accuse relative ad attività realizzate nell'ambito delle operazioni logistiche e portuali in Africa cedute nel 2022
La statunitense FMC mette sotto indagine i sette principali corridoi marittimi mondiali
Washington
L'agenzia federale minaccia il bando dai porti americani delle navi di bandiera panamense
Lo scorso anno il traffico delle merci nei porti tedeschi è tornato a crescere (+2,3%)
Wiesbaden
Risulta ancora inferiore al livello pre-Covid, così come il solo traffico dei container che è stato pari a 13,3 milioni di teu (+4,9%)
Marcegaglia e Nova Marine Carriers costituiscono la joint venture NovaMar Logistic
Lugano/Gazoldo degli Ippoliti
Una general cargo trasporterà le materie prime agli stabilimenti del gruppo siderurgico
Liebherr registra un fatturato annuale record nel segmento delle gru per il settore marittimo-portuale
Bulle
Forte domanda di mezzi per l'industria offshore e per la movimentazione dei container
A Genova il convegno annuale “Programmazione, Esercizio e Gestione di Reti di Trasporto”
Genova
È dedicato al settore dei trasporti e della mobilità
Lo scorso anno sono state 656 le navi sottoposte a lavori di riparazione in Grecia
Il Pireo
Incremento di cinque unità rispetto al 2023
Porto della Spezia, completate le simulazioni di accosto delle navi da crociera al molo Garibaldi Ovest
La Spezia
Convegno di Assagenti sul futuro della professione di agente e mediatore marittimo
Genova
Si terrà domani a Genova
Francesco Beltrano è il nuovo segretario generale di Uniport
Roma
Subentra a Paolo Ferrandino, che continuerà a collaborare come consulente
Stena Line presenta il progetto di una nave ro-ro in grado di ridurre il consumo di energia di almeno il 20%
Goteborg
Introdotte gran parte delle tecnologie innovative attualmente disponibili
Saipem si è aggiudicata nuovi contratti in Medio Oriente e in Guyana
Milano
L'importo complessivo delle commesse è di circa 720 milioni di dollari
Convegno a Genova per il centenario di Ente Bacini
Genova
La società è stata istituita il 19 febbraio 1925
Rinnovato il consiglio di amministrazione di Interporto Bologna
Bentivoglio
Stefano Caliandro nominato presidente. Perdita di 1,7 milioni di euro nel 2024
NYK investe 76 miliardi di yen nella NYK Energy Ocean Corporation
Tokyo
La newco ha rilevato le attività della ENEOS Ocean
La decarbonizzazione del trasporto marittimo sarà più rapida nell'UE e negli Stati Uniti
DHL ha acquisito la CRYOPDP
Bonn/Nashville
La società fornisce servizi di corriere per cliniche e per l'assistenza sanitaria
PROSSIME PARTENZE
Visual Sailing List
Porto di partenza
Porto di destinazione:
- per ordine alfabetico
- per nazione
- per zona geografica
Oltre un milione alle imprese portuali di Livorno e Piombino per acquisire mezzi green
Livorno
Pubblicata la graduatoria di ammissione ai contributi del PNRR-Next Gen Eu
Nel 2024 le vendite dei container della COSCO Shipping Development Co. sono aumentate del +204,1%
Shanghai
Il relativo fatturato è cresciuto del +124,0%
Pubblicato il bando di finanziamento per l'acquisto di mezzi elettrici nei porti di Genova e Savona-Vado
Genova
Yang Ming acquista tre nuove portacontainer da 8.000 teu
Keelung
Saranno prese in consegna fra il 2028 e il 2029
Avviata a Marghera la costruzione di una nave da crociera per Regent Seven Seas Cruises
Trieste
Fincantieri consegnerà l'unità nel 2026
Federlogistica istituisce sedi operative in Spagna e Brasile
Genova
L'obiettivo è di andare oltre i teorici rapporti di cooperazione
Sequestrata oltre una tonnellata di cocaina nel porto di Gioia Tauro
Reggio Calabria
Se immessa sul mercato avrebbe fruttato oltre 187 milioni di euro
Nel 2024 i risultati economici di Interporto Padova hanno raggiunto valori record
Padova
Ricavi in crescita del +17%
Tre cerimonie nel cantiere navale di Saint-Nazaire per altrettante nuove navi di MSC Crociere
Ginevra
Consegnata la nuova ammiraglia “MSC World America”
Nel 2024 la società ferroviaria tedesca DB Cargo ha ridotto le perdite
Berlino
Ricavi nuovamente in calo. Flessione del -9,0% dei volumi di merci trasportate
NovaAlgoma ordina in Cina una seconda nave cementiera da 38.000 tpl
Lugano
Sarà presa in consegna nel 2027
Intesa doganale Italia-Brasile per facilitare gli scambi commerciali
Brasilia
Missione dell'Agenzia delle Dogane e dei Monopoli nella nazione sudamericana
Un team di La Spezia Container Terminal a Rotterdam per testare tecnologie avanzate
La Spezia
Visitato il centro formazione di ECT Hutchinson Ports
Lunedì l'assemblea degli spedizionieri genovesi
Genova
Si terrà al Palazzo della Borsa di Genova
Assarmatori, in Italia il segmento dei traghetti non può sopportare l'onere dell'EU ETS in una situazione di mercato molto fragile
Bruxelles
Messina: tutelare lo shipping dagli eccessi ideologici del Green Deal
Rinnovato il sito web del Corpo delle Capitanerie di Porto - Guardia Costiera
Roma
È diventato un unico punto di accesso digitale ai documenti e ai servizi
Nel 2024 i trasporti fluviali di merci in Germania sono aumentati del +1,2%
Wiesbaden
Il volume, pari a 173,8 milioni di tonnellate, è il secondo più basso dal 1990
Ad APM Terminals concesso il rinnovo della concessione nel porto di New York - New Jersey
New York
Contratto della durata di 33 anni. Previsti investimenti pari a 500 milioni di dollari
Avviata la sperimentazione dell'automazione delle gru nel terminal di Interporto Padova
Padova
La società interportuale insignita del “Premio Industria Felix 2025”
A febbraio il traffico dei container nel porto di Algeciras è calato del -17,0%
Algeciras
In riduzione sia i volumi in import-export che il transhipment
A Miami è stata costituita la nuova compagnia crocieristica Crescent Seas
Miami
La flotta, inizialmente formata da una nave della Regent Seven Seas Cruises, salirà a cinque unità entro i prossimi cinque anni
Nel 2024 il volume di veicoli trasportato dalla flotta di Wallenius Wilhelmsen è calato del -9,7%
Oslo
Flessione dei traffici sulla quasi totalità delle rotte mondiali
Accordo tra Assoporti e Assologistica e le authority di commercio, trasporti e porti della Florida
Roma
È stato siglato oggi
Ad aprile una missione in Albania del The International Propeller Clubs - Italia
Genova
Si svolgerà i giorni 9 e 10 a Tirana e Durazzo
Nel 2024 i ricavi della COSCO Shipping Ports sono saliti alla quota record di 1,5 miliardi di dollari (+3,3%)
Hong Kong
Nel solo quarto trimestre calo del -3,0%
A SO.RI.MA. (gruppo FHP) in concessione un'area di 125mila metri quadri nel porto di Chioggia
Venezia
Previsti investimenti pari a 11,5 milioni di euro nell'arco di 25 anni
PORTI
Porti italiani:
Ancona Genova Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Livorno Taranto
Cagliari Napoli Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venezia
Interporti italiani: elenco Porti del mondo: mappa
BANCA DATI
ArmatoriRiparatori e costruttori navali
SpedizionieriProvveditori e appaltatori navali
Agenzie marittimeAutotrasportatori
MEETINGS
Convegno di Assagenti sul futuro della professione di agente e mediatore marittimo
Genova
Si terrà domani a Genova
A Genova il convegno annuale “Programmazione, Esercizio e Gestione di Reti di Trasporto”
Genova
È dedicato al settore dei trasporti e della mobilità
››› Archivio
RASSEGNA STAMPA
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
Govt. to woo top ten shipping liners in world for Colombo port expansion
(Daily Mirror)
››› Archivio
FORUM dello Shipping
e della Logistica
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› Archivio
Il network intermodale di Contship Italia è stato esteso al Terminal del Golfo di La Spezia
Melzo
Connessioni con gli inland terminal di Milano, Modena e Padova
Lo scorso mese il traffico dei container nel porto di Valencia è cresciuto del +15,2%
Valencia
Il volume complessivo delle merci movimentate è aumentato del +6,8%
L'AdSP del Mar Tirreno Settentrionale ottiene la certificazione per la parità di genere
Livorno
È la prima port authority italiana ad ottenere questo riconoscimento
Si indebolisce la crescita del traffico dei container nei porti di Los Angeles e Long Beach
Los Angeles/Long Beach
Lo scorso mese registrati incrementi rispettivamente del +2,6% e +13,4%
Assarmatori, bene la posizione del governo italiano sull'impatto dell'EU ETS su shipping e porti
Roma
Messina: compresi appieno i rischi e le storture della regolazione climatica europea
Conferita ai terminal portuali genovesi di PSA Italy la certificazione anticorruzione
Genova
La norma UNI EN ISO 37001 definisce i requisiti per un sistema di gestione anticorruzione efficace
Assiterminal presenta tre progetti per la transizione sostenibile del settore portuale italiano
Roma
Ultimati i lavori alle banchine 33 e 34 del porto di Civitavecchia
Civitavecchia
Approntati 50.000 metri quadri di piazzali
Il completamento e raddoppio della Pontremolese è il sogno-incubo della community portuale spezzina
La Spezia
Fontana: non si trovano i soldi quando risorse enormi sono convogliate su linee ferroviarie di dubbia utilità
Hanwha ha acquisito il 9,9% del capitale della società navalmeccanica Austal
Sydney
Investimento del valore di circa 116 milioni di dollari USA
La flotta europea è in crescita ma le flotte concorrenti crescono ad un ritmo più sostenuto
Bruxelles
Raptis (European Shipowners): investire i ricavi dell'ETS in tecnologie e combustibili puliti per lo shipping
Trasportounito ha confermato il fermo nazionale dell'autotrasporto di merci
Roma
Proclamato per la durata di cinque giorni dal 31 marzo al 4 aprile
A febbraio il traffico dei container nel porto di Hong Kong è cresciuto del +9,1%
Hong Kong
Tuttavia, per la seconda volta negli ultimi 25 anni, il volume di carichi è stato inferiore al milione di teu
Stabile il traffico delle merci nei porti greci nel terzo trimestre del 2024
Pireo
L'aumento dei volumi trasportati sulle rotte nazionali ha compensato il calo del traffico con l'estero
Al container terminal di Vado Ligure una portacontainer da 21.000 teu a pieno carico
Vado Ligure
Approdata la Cosco Shipping Nebula che è lunga 400 metri
UIR propone un tavolo permanente per lo sviluppo dell'intermodalità
Verona
Compito principale, quello di costruire un programma di finanziamento dei progetti
Approvato il piano di ristrutturazione della compagnia spagnola Armas Trasmediterránea
Las Palmas de Gran Canaria
Respinto il ricorso dei creditori
A febbraio si è accentuata la flessione del traffico delle merci nel porto di Singapore
Singapore
I carichi containerizzati sono ammontati a 27,4 milioni di tonnellate (-3,6%)
Nel 2024 i ricavi di Accelleron hanno superato per la prima volta il miliardo di dollari
Baden
Utile netto in crescita del +63,1%
Fincantieri ha consegnato la nuova nave Norwegian Aqua alla Norwegian Cruise Line
Trieste
Ha una stazza lorda di 156.300 tonnellate
Parte la gara per il primo lotto della nuova rete di distribuzione dell'energia elettrica nel porto della Spezia
La Spezia
Intervento del valore di 36,9 milioni di euro
Nel 2024 d'Amico International Shipping ha registrato un calo dei ricavi base time charter
Lussemburgo
Flessione del -7,6% sull'anno record precedente
Nel 2024 i terminal portuali di Global Ports Holding hanno movimentato un traffico crociere record
Istanbul
I ricavi della società sono aumentati del +21%
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Registrazione Stampa 33/96 Tribunale di Genova
Direttore responsabile Bruno Bellio
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