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24 April 2024 - Year XXVIII
Independent journal on economy and transport policy
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Shipping and Shipbuilding Markets in 2002

I N D E X

FORUM of Shipping
and Logistics



The Cruise market in 2002

 

After the drama of September 11, one could justifiably fear a difficult year for the cruise market, but very quickly bookings were back, and the cruise industry showed it was capable of confronting the worst kind of crisis. Within several months, bookings were close to their normal levels and owners were able to foresee a satisfactory year again, despite an inevitable drop in the net revenue per passenger.

Cruise ships which avoided distant destinations were able to re-orientate themselves to shorter trips closer to their home base, and requiring less air travel. At the end of the year, the Cruise Lines International Association (CLIA) published some reassuring figures: the number of American cruise passengers should increase from 6,900,000 to 7,400,000 in 2002, a rise of 7 % with a load factor of 95 %. In Europe and Asia the load factor for the year should achieve 80 % and 75 % respectively, with the cruise industry finding it more difficult to develop the latter market.

The predominant issue in 2002 has of course been the fight between Royal Caribbean Cruises (RCC) and Carnival Cruise Lines (CCL) to take control of P&O Princess. Having started the year before, this duel should reach a conclusion towards the end of the first quarter of 2003 with the marriage of CCL and P&O after having been approved by the European and American anti-trust authorities.

By wishing to get closer to P&O, RCC might have provoked CCL into reacting, nonetheless the wisdom and rationality of such a marriage remains to be proven, as in comparison to other parts of the industry we have frequently had reason to question whether such mergers are necessarily beneficial to shareholders values, and a stimulus to the development of the market.

The P&O Princess-CCL group, which will be quoted on the New York and London stock exchanges, will of course be the dominant (possibly overbearing) player in the cruise industry with nearly 50 % of the American market capacity and 43 % capacity of the world market, thirteen different brands, 65 ships (100,000 lower berths) and a further 18 under construction (42,000 lower berths).

We have to acknowledge that CCL has up till now always respected the identity and the personnel of the merged parties and to date has managed to succeed in a unique segmentation of the market. This segmentation of the market has also been a target in the strategy of other companies during the course of the year:
  • The creation of ' Ocean Village ' and of ' A'Rosa ' by the P&O group, the first being destined for a new younger clientele within the English market, and the second for a more mature and experienced clientele within the German market.
  • Similarly, Costa has dedicated the 'Costa Marina' to the Germans and RCC has created ' Island Cruises ' to operate on the English market at attractive prices.

These new brand names sometimes have difficulty in getting established, with potential clients showing a certain distrust towards a new name and product, but for owners it allows them to use older cruise ships, which are facing the competition of new ships from their parent companies.
 

After the black year of 2001, no company has gone into bankruptcy this past year. Notwithstanding, vessels which have been laid up due to these earlier bankruptcies have certainly had a negative effect on both the second-hand and newbuilding markets which have been extremely calm.

u The eight Renaissance ships (700 lower berths) have had a problem finding interested parties due to their size and cost, which necessitate finding homes in the more remunerative sectors of the market. The P&O Princess group concluded a long time charter for the 'R Eight' to replace the 'Minerva' and thus serve the restricted but profitable cultural cruises. The same group also took over the 'R Three' and 'R Four' to expand its presence in the Pacific, between Tahiti, New Caledonia, and Australia.
  • A newly created American cruise company, Oceania, is proposing to charter two Renaissance ships to work the American market and the last three should find their trade within Europe to fulfil the upper end of some national markets.
  • The hulls under construction for the American company AMCV with Ingalls and their outfitting have found takers with NCL (the Star Cruises group) who bought at the very favourable price of $36 million and will have them completed ' or at least the hull of the first-ship with Lloyd Werft in Germany, the undisputed specialist of passenger ship conversion.

 

Brillance of the Seas

Brillance of the Seas
99,090 gt, blt 2002 by Meyer Werft, operated by RCC

Orderbook

For the second consecutive year, the orderbook has hardly expanded, with the exception of two ships ordered by the Carnival group with Fincantieri, one unit of 85,000 tons, 1,848 lower berths, for Holland America Lines, with delivery in mid-2006, and one unit of 110,000 tons, 3,000 lower berths, for Carnival, for delivery at the end of 2005, at the respective prices of some 380 and 460 million euros. Fincantieri thus confirms its lead position amongst European shipbuilders.

Also worth noting is the order by the Scandinavian company Birka for a vessel of 700 cabins with Aker Finnyards, at a price of $155 million, destined primarily for cruise seminars.

At the end of the year, the firm orderbook stands at 27 ships with a capacity of 57,164 lower berths, with delivery to be spread out over the next three years, which will increase berth capacity in service respectively by 10.8 % in 2003, 9.5 % in 2004, and 2.5 % in 2005.

Confronted with a demand which most probably will increase at the rate of some 8 % per year, the threat of surplus capacity seems to be receding, which will reassure bankers and financial analysts who have been concerned at the rapid rise in the number of ships joining the market these last years. However this brutal reduction in new orders puts the future of the large European shipyards specialised in the cruise industry into jeopardy. Converting towards other types of ships, such as ferries, ro-ros, LNG carriers and military or specialised craft, although a logical solution, is not always obvious in such a generally sluggish market. The first victim of this reduced activity has been the small Norwegian shipyard Fosen, builder of the ship 'The World' for Residensea, which had to ask for creditors' protection.

Several projects are currently under discussions, namely for Star Cruises, Saga, Aida Cruises, Radisson, Disney Cruises, etc. but are slow to get confirmed. RCC has not placed any new order in 2002 and is questioning the size of future ships, in view of the success of the 'Voyager' series, 137,000 tons. It is also a fact that decisions were on hold awaiting the outcome of the merger with P&O Princess. RCC has extended its option until September 2003 that it has with Meyer Werft for two ships of the 'Serenade' class (85,000 gt, 2,000 lower berths), for delivery in 2005 and 2006, whereas P&O were unable to postpone any further its two options with Chantiers de l'Atlantique.
The market will from now be obliged to follow the development pace of the new giant CCL/P&O Princess. It is very unlikely that the year 1999, which had 25 new orders will be repeated, but one can reasonably hope that some new orders will be placed in 2003 by the big groups who will pursue a more modest rhythm for their expansion in 2005 and beyond. Carnival should logically show the way and be followed by its competitors, but the number of new orders risks being insufficient for the appetites of the European shipyards.

Europe has a total construction capacity of about fifteen ships of 90,000 gross tons per year, certainly greatly oversized relative to the needs for a reasonable growth of the cruise industry in the coming years. A reduction in capacity will consequently have to take place, resulting in a shrinking of orders and in the number of owners, and of a greater sensitivity from financial institutions and investors towards this sector - always hungry for funds. The depreciation of the dollar against the euro will also act as a brake, despite the historically low levels of interest rates.

In this situation competition between shipyards is fierce, and since national subsidies have been banned by Brussels, and the negotiating margins on prices remain very slim, it is more on financing know-how and means of tax leverage developed by some E.U. countries, that efforts will be concentrated.

The only satisfaction is that the construction of cruise ships should remain an European speciality for numerous years to come, since Asian shipyards have no interest to break into this high risk and very restrictive market, whilst they are experiencing healthy orders of standard ships. The dramatic and costly fire of the 'Diamond Princess' under construction with Mitsubishi should also be a dampener.
 

Cruiseships delivered and scheduled
Deliveries
Thirteen ships were delivered this year:
  • For Carnival Cruise Lines, the 'Carnival Conquest', (110,000 gt, 2,974 lower berths) built by Fincantieri, the 'Carnival Legend', (88,500 gt, 2,114 lower berths) built by Kvaerner Masa.
    u For Holland America Line, the 'Zuiderdam' (85,000 gt, 1,848 lower berths) built by Fincantieri.
  • For Royal Caribbean Cruises, the 'Brilliance of the Seas', (90,090 gt, 2,100 lower berths) built by Meyer Werft, the 'Navigator of the Seas', (137,300 gt, 3,138 lower berths) built by Kvaerner Masa.
  • For Celebrity Cruises, the 'Constellation', (91,000 gt, 1,950 lower berths) built by Chantiers de l'Atlantique.
  • For P&O Princess Cruises, the 'Star Princess' (108,806 gt, 2,600 lower berths) built by Fincantieri, the 'Coral Princess', (88,000 gt, 1,950 lower berths) built by Chantiers de l'Atlantique.
  • For Aida Cruises, 'Aida Vita', (42,289 gt, 1,266 lower berths) built by Aker MTW.
    u For Norwegian Cruise Line, the 'Norwegian Dawn', (91,000 gt, 2,244 lower berths) built by Meyer Werft.
  • For Festival Cruises, the 'European Stars', (58,600 gt, 1,506 lower berths) built by Chantiers de l'Atlantique.
  • For Residensea, 'The World' (40,000 gt, 616 lower berths, 110 apartments, 88 suites) built by Fosen.
  • For Royal Olympic, 'Olympia Explorer', (25,000 gt, 836 lower berths) built by Blohm + Voss.

 

European Stars

European Stars
58,600 gt, blt 2002 by Chantiers de l'Atlantique, operated by Festival Cruises

The second-hand market

The second-hand market was extremely quiet. Several significant sales noted were:

  • 'Patriot' (built in 1983, 33,000 gt, 1,250 passengers) this ship which was the former 'Niew Amsterdam' was bought by Carnival following the AMCV bankruptcy in May and resold to Louis Cruises in Cyprus against a ten year time-charter, which puts a value on the ship of about $65 million.
  • 'Victoria' (built in 1966, 29,000 gt, 778 passengers) this ship which belonged to P&O, was sold to a company of the Katsoufis group for $17million, with a seven year time-charter to a German tour operator.
  • 'Pacific Princess' (built 1971, 20,000 gt, 640 passengers) was sold for $15 million to Pullman Tours, who confirm their place as leader in the Spanish market.
  • 'Switzerland' (ex 'Daphn', built 1955, 15,000 gt, 500 passengers) was sold for $2.5 million to a company of the Kollakis group, Majestic International Cruises.

The second-hand market is getting smaller but it is worth mentioning that ships of good standing always find buyers at a fair value and if it is true that many ships are potentially for sale, their lack of success is often attributable to an excessive asking price. The oldest ships and steam turbines fitted ones should definitely disappear from the market.
 

Coral Princess

Coral Princess
88,000 gt, blt 2002 by Chantiers de l'Atlantique, operated by P&O Princess

With over a billion dollars net profit for a turnover of $4.4 billion, Micky Arison chairman of Carnival could legitimately express his satisfaction on the development of his company over the course of the year, but also on the resilience of the cruise market in the face of the serious geopolitical events which the world is currently experiencing.

Strangely and unexpectedly, it is not so much terrorism which troubles cruise operators at the end of the year as much as the spreading of viruses aboard their ships, causing some discomfort but without serious repercussions to passengers. This was given widespread publicity by the American media always in search of something sensational. Let us trust that owners will quickly be able to wipe out this invisible problem.

Our confidence in the growth of the cruise industry remains firm, even and above all if, as we have already stated, the pace of newbuildings slows down significantly. The trend towards company mergers is on the other hand certainly not finished, since outside certain marginal niche products, a critical mass is necessary in order to operate a company with a certain serenity, to be able to cope with political uncertainties and the whims of the tourism industry as well as the commercial domination of the Carnival group.
 

Carnival Legend

Carnival Legend
88,500 gt, blt 2002 by Kvaerner-Masa, operated by Carnival

›››File
FROM THE HOME PAGE
The MSC Group presents an offer to buy the Gram Car Carriers, the world's third largest carrier in the PCTC segment
The MSC Group presents an offer to buy the Gram Car Carriers, the world's third largest carrier in the PCTC segment
Oslo
The proposal, worth about 653 million euros, was accepted by the Board of the Norwegian company and its main shareholders.
At the construction site Fincantieri in Marghera the varo of the Norwegian cruise ship Norwegian Aqua
At the construction site Fincantieri in Marghera the launch of the cruise ship Norwegian Aqua
Trieste / Miami
It is 322 meters long and has a gross tonnage of 156,300 tons
Paolo Guidi has been named general manager of CMA CGM Italy
Paolo Guidi has been named general manager of CMA CGM Italy
Marseille
The first May will take over in Romain Vigneaux
HHLA will acquire 51% of the capital of Austrian intermodal transport company Roland Spedition
HHLA will acquire 51% of the capital of Austrian intermodal transport company Roland Spedition
Hamburg
Its network connects ports in Hamburg, Antwerp, Bremerhaven, Koper, Rotterdam and Trieste.
Kuehne + Nagel's downward trend in economic performance continues.
Kuehne + Nagel's downward trend in economic performance continues.
Schindellegi
In growth the handling of volumes of sea and air shipments
ESPO points out issues to be addressed in order to enable European ports to face the next challenges
Brussels
Memorandum in view of the European elections in June
The Port of Barcelona has established new historical records of monthly and quarterly container traffic
The Port of Barcelona has established new historical records of monthly and quarterly container traffic
Barcelona
As of March 2024, 348mila teu (+ 34.3%) were handled, of which 154mila in transshipment (+ 63.9%) and 194mila in import-export (+ 17.4%)
Fincantieri has delivered the new cruise ship Queen Anne to Cunard
Monfalcone
Concordate with Princess Cruises the postponement of the delivery of the Star Princess
Le Aziende informano
Protocollo d'intesa tra l'Autorità di Sistema Portuale del Mare di Sicilia Occidentale e l'Escola Europea di Intermodal Transport
International shipping associations call for help at U.N. to protect shipping
London
Solicited a greater military presence, missions and patrols. The world-they write in a letter to Guterres-would be outraged if four airliners were seized.
In February, shipping traffic in the Suez Canal declined by -42.8% percent.
In February, shipping traffic in the Suez Canal declined by -42.8% percent.
The Cairo
Net tonnage of the naviglio down -59.8% percent. Drastic reduction of -53% of the value of transit fees
The World Shipping Council points to the EU the way to support the economy and trade
In Norway, the construction of the world's two largest hydrogen-powered ferries
In Norway, the construction of the world's two largest hydrogen-powered ferries
Brønnøysund / Gursken
Order of Torghatten company at the shipyard Myklebust
The freight traffic in the port of Rotterdam in the first quarter was down by -1.4% percent.  Increase of containers
The freight traffic in the port of Rotterdam in the first quarter was down by -1.4% percent. Increase of containers
Rotterdam
Strong increase (+ 29.0%) of feeder ships departing from the Dutch stopover to the Mediterranean ports
In the first three months of 2024, freight traffic in Russian ports fell by -3.3% percent.
St. Petersburg
Drastic reduction of passenger traffic in the Crimean port scans
In the first three months of 2024, freight traffic in Russian ports fell by -3.3% percent.
Tytgat (SEA Europe) : A European maritime industrial strategy is urgently needed
Brussels
Round table with representatives of the institutions of the European Union
Joe Kramek will be the next president and CEO of the World Shipping Council
Joe Kramek will be the next president and CEO of the World Shipping Council
Washington / Brussels/London / Singapore
He will retire at the end of July in Butler when the latter is retiring.
In the first quarter of this year the traffic of goods in the port of Antwerp-Zeebrugge grew by 2.4%
In the first quarter of this year the traffic of goods in the port of Antwerp-Zeebrugge grew by 2.4%
Anverse
On the increase the containers. Decrease in other loads. Belgian, Dutch and German ports urge European governments to ensure that industries remain in Europe
Partnership of HD Hyundai Heavy Industries and Anduril Industries in the Field of Maritime Defense
Orange County / Seoul
Envisage the design, development and production of new types of autonomous naval systems
d' Friend International Shipping orders two new tankers LR1
Luxembourg
Commits to China's shipyard Jiangsu New Yangzi Shipbuilding Co.
Global Infrastructure Partners waives to acquire 49% percent of Malaysian MMC Port Holdings
New York
CMA CGM Air Cargo announces its first transpacific line
Marseille
Three aircraft will be taken over between summer and early next year.
In 2023 new annual historical record of maritime traffic in the Stories of Malacca and Singapore
In 2023 new annual historical record of maritime traffic in the Stories of Malacca and Singapore
Port Klang
The previous maximum peak had been reached in 2018
HMM announces the nearly doubling of fleet capacity by 2030
Seoul
Expected 63% increments of the volumes transportable from container carriers and 95% in the bulk carrier sector
In the first quarter of 2024, the Port of Singapore handled ten million containers (+ 10.7%)
In the first quarter of 2024, the Port of Singapore handled ten million containers (+ 10.7%)
Singapore
The overall traffic in goods increased by 7.6%
Iran has given way to the attack on Israel with the seizure of the container ship. MSC Aries
London / Manila
Le Aziende informano
ABB fornirà la sua soluzione per il Cold - Ironing nel Porto Internazionale di Portsmouth
The construction of the new Venetian container terminal in Porto Marghera is being carried out.
The construction of the new Venetian container terminal in Porto Marghera is being carried out.
Venice
It will be able to accommodate Panamax vessels and will have an annual traffic capacity of one million teu
The French Senate has approved a bill to limit the right to strike in transport
The French Senate has approved a bill to limit the right to strike in transport
Last year container traffic in Malta decreased by -11.4%
Last year container traffic in Malta decreased by -11.4%
The Valletta
Crucierists in growth of 59.1%
Approved by the Transport Commission of the Spanish Congress a proposal to improve the competitiveness of the REC Ship Register
Madrid
Applause from ANAVE. The number of national flag merchant ships has fallen to the all-time low
Pirate attacks on ships have been growing.
Pirate attacks on ships have been growing.
London
Recrudescence of Somali piracy
Assshipowners, well the decree that delegates security checks to recognized bodies
Rome
Messina : a concrete step forward in the optics of an ever greater competitiveness of the Italian flag
Maritime traffic in the Panama Canal is expected to gradually normalize from here to 2025
Balboa
The start of the rainy season, expected at the end of the month, is expected to lift the number of ships transits from 27 to 36.
Baltimore attributes to owner and operator of the ship Dali the blame for the collapse of the Key Bridge
Baltimore
They would have been established dysfunction to the power supply on board that would cause a blackout
The quarterly economic performance of DSV is still declining
Hedehusene
In the first quarter of this year, the value of net profit decreased by -27.2%
US imports of dangerous goods have been penalized during the pandemic.
Washington
Survey by the Government Accountability Office
In 2023 CEPIM-Parma's Interport recorded a growth of 6.8% of the value of production
Bianconese of Fontevivo
Net profit di788mila euro (+ 223.2%)
In the first quarter of 2024, UPS Group revenues fell by -5.3%
Atlanta
Net profit down -41.3%
Grendi has perfected the purchase of the ship Wedellsborg
Milan
It will be renamed with the name of "Grenching Futura"
Grimaldi consolidates its presence in China with new headquarters in Shanghai
Naples / Shanghai
Inaugurates the offices of the Grimaldi Shipping Agency Shanghai
Approved the 2023 consuntive budget of the Western Ligure Sea AdSP
Genoa
The new endowment of the institution's organic plant provides for 50 hires, including three managerial positions
First plant for the distribution of LNG and GNC to vehicles in the port of La Spezia
The Spezia
It has been installed in Stagnoni locations
Agreement between MSC, MSC Foundation and Mercy Ships for the construction of a new hospital ship
Geneva / Lindale
Tomorrow in Livorno a conference on the history of the city port
Livorno
It will be talked about architecture, trade and politics between the XVI and the twentieth century
Agreement Assshipowners-ITS Academy G. Caboto for training in the maritime, port and logistics sectors
Rome
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
In the first quarter of 2024, the port of Algeciras handled 1.2 million containers (+ 8.1%)
Algeciras
The traffic in overall goods increased by 3.3%
In the first three months of this year in Valencia, container port traffic grew by 12.1% percent.
Valencia
In March, the increase was 15.7% percent.
The Spezia and Carrara try to break down the bell towers and solicit cooperation at the ports of Genoa and Savona
The Spezia
Switzerland and Switzerland cut trade between Italy and Switzerland.
Bern
In the first three months of the 2024 decline in Swiss exports. Stable imports
Port of Naples, striking of the fast ferry Island of Procida against a quay
Naples
About thirty minor injuries among passengers
Summoned for April 23 a meeting at MIT on former TCT port workers
Taranto
The unions had requested clarification on the future of the 330 members of the Taranto Port Workers Agency.
The outer Levant dock of the Arbatax port has returned fully operational
Cagliari
In August 2020 he had been shouted by the ferry "Bithia"
The Port of Los Angeles closed the first quarter with a 29.6% percent growth in container traffic
Los Angeles
Expected a continuation of the positive trend
Stable the value of ABB's revenues in the first quarter
Zurich
The new orders are down -5.0% percent. At the end of July Rosengren will leave the CEO position in Wierod
The crisis of the Cooperative Sole Workers of Porto Flavio Gioia officialized at institutions and trade unions
Salerno
USB Mare and Porti, what's going on in the port of Salerno is the result of pressure from shipowners
Euronav sells its own ship management company to Anglo-Eastern
Antwerp / Hong Kong
Manages the fleet of tanker ships of the Antwerp company
Genoa Shipbuilding Industries has acquired a submersible barge of the cargo capacity of 14,000 tonnes
Genoa
It can also be employed as a floating basin for the varo of artifacts up to 9,800 tons
Venice Cold Stores & Logistics obtains the qualification of tax warehouse for wines and sparkling
Venice
Extension of the services offered to companies in the wine sector
Gasparate urges to exempt property of interports from payment of the Imu
Nola
President of the Union Interports Reunited warned that with the PNRR construction sites the railway intermodality is at risk
Hapag-Lloyd plans future investments to expand business in the terminal and intermode sectors
Hamburg
Among the markets, the company focuses attention on Africa, India, Southeast Asia and the Pacific
Set up a consortium to decarbonize transport on the northern Pacific route
Vancouver
It is formed by nine companies and entities and is open to other partners
In the first quarter of this year, container traffic in the port of Long Beach increased by 16.4%
Long Beach
In March, the increase was 8.3% percent.
Delivery of the work of consolidation of the foranea dam of the port of Catania
Catania
Procurement of the value of 75 million euros
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
Tomorrow in Livorno a conference on the history of the city port
Livorno
It will be talked about architecture, trade and politics between the XVI and the twentieth century
On April 11, the sixth edition of the "Italian Port Days" will begin.
Rome
Also this year the project has been divided into two sessions : the first in the spring and the second from September 20 to October 20
››› Meetings File
PRESS REVIEW
Iran says MSC Aries vessel seized for 'violating maritime laws'
(Reuters)
Le transport maritime national navigue à vue
(Aujourd'hui Le Maroc)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Mario Mattioli
Roma, 27 ottobre 2023
››› File
Plan to improve in Genoa and Savona the rail links with cruise terminals and airport
Genoa
It was presented today in the Ligurian capital
From 10 to May 12 at Spezia will be held "DePortibus-The festival of ports that connect the world"
The Spezia
The programme provides for technical events and cultural proposals
Three new STS cranes have arrived in the Kenyan port of Lamu.
Mombasa
They will be able to work on container ships of the capacity of over 18mila teu
One hundred new IVECO trucks powered by HVO in the Smet fleet
Turin
They will be taken over in the course of this year
In the first three months of this year, goods transported by rail between China and Europe increased by 10% percent.
Beijing
Operated 4,541 trains (+ 9%)
In the first quarter of 2024, container traffic in the port of Hong Kong fell by -2.3%
Hong Kong
In March, the decline was -10.6% percent.
The regasification terminal FSRU Toscana left Livorno direct to Genoa
Livorno
In the Ligurian scalp and then in Marseille maintenance interventions will be carried out
Confirmed to Tugchiers Meeting Port of Genoa the granting of trailer services in the port of Genoa
Genoa
Planned investment of 35 million euros to renovate fleet
In the first quarter of 2024, OOIL revenues decreased by -9.0%
Hong Kong
Containers carried by the OOCL fleet increased by 3.4%
Mattioli (Federation of the Sea) relaunches the propulsive role of maritime clusters
Rome
Today, the National Sea Day and the marinara culture are celebrated
In the first quarter of 2024, the revenues of Yang Ming and WHL grew by 18.5% and 8.1%
Keelung / Taipei
In March the increments were equal to 20.3% and 8.6%
In 2023 the freight traffic handled by the State Railways Group fell by -2.0%
Rome
The Logistics Pole posted a net loss of -80 million euros, up 63 million euros.
Port of Genoa, inaugurated new rooms of Stella Maris at Maritime stations
Genoa
They are intended for the welfare and socialization of seafarers in transit in the Superba
Germany's Dachser has acquired the compatriate Brummer Logistik
Kempten
The company specializes in the logistics of perishable products
In the first quarter of 2024, Evergreen's revenues increased by 32.6% percent.
Taipei
In March, the increase was 36.5% percent.
Cooperation pact between the associations of the ports and ferry companies of Greece
The Piraeus
Among the activities, make sure that port benches are adequate for new naval technologies
In 2023 the traffic in goods at ports in Lazio fell by -5.7% percent. Record of cruises
Cyvitavecchia
Passenger of line services growing by 10.0%
RINA will collaborate on the sustainable development of ports and shipping of Indonesia
Genoa
Contract with the World Bank
In Udine the Officine Rotable Maintenance of FVG Rail has been equipped with a lawn back in fossa
Procedure
Interporto Padova's assembly to merge for incorporation of the Zip Consortium
Padova
Capital increase of more than 7.8 million split between Municipality, Province, and Chamber of Commerce
Turkish Arkas orders four container ships from 4,300 teu to Guangzhou Wenchong Shipyard
Izmir
On the way an investment of 240 million
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