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24 April 2024 - Year XXVIII
Independent journal on economy and transport policy
10:51 GMT+2
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FORUM of Shipping
and Logistics


 


The Reefership Market in 2002

Light at the end of the tunnel?

 

Competition from containerships
The fleet 
Major events in the year 2002

The freight market for conventional ships of 350 to 500,000 cu ft
Conclusion

At the onset of 2002, an air of optimism swept through the sector leading many to believe that perhaps the 5 year-long depression was finally coming to an end. As it turned out, it was only a case of high hopes.

Over the past 5 to 6 years, reeferships have been caught in a difficult context caused by both a surplus of tonnage and a fierce competition from containerships. Without a substantial reduction in the transport capacity of conventional reefers, freight rates stand no chance of seeing any real improvement.

Although in terms of global commercial exchanges the volume of perishable goods continues to grow at a rate of about 2.5 % per annum, the capacity of transport at regulated temperatures has increased at a far greater pace with the introduction of modern containerships.

Transport capacity for ships over 1,000 teu rose by 11 % in 2002 (171 ships delivered for 6,190,000 teu), equivalent to 180 million cubic feet of refrigerated space, calculated on the basis of 13 % of the 40-feet reefer boxes capacity of containerships or the equivalent of about 79,000 reefer plugs.
  

Competition from containerships

Given the ongoing rivalry between pools of reefer owners and container line operators, the time is righ for a rationalisation of the industry.

After numerous mergers occurring during the previous year, in February 2002 we witnessed the creation of a new pool, 'Reefer Ship', which combines the ships of Armada Reefer, Eco Ship and Eastwind. The object of this new pool is to marry a part of the fleet of small ships of Eastwind and Armada with the larger ones of Lauritzen-Cool, thus achieving better coverage of market requirements. Together they represent approximately 50 ships and 20 million cubic-feet, including a considerable share of ships specialised in transporting frozen food.

As with all recently formed pools, Reefer Ship members seek to focus their energies on cost-cutting measures and boosting the efficiency of their fleets, rather than on competing against one another.

Important structural changes in exporting countries, such as New Zealand and South Africa, have forced owners to become more flexible in order to face the container-based competition. A deregulation in apple export procedures in New Zealand, for example, accelerated the switch to containers. As a result, if up until 1997, nearly all apples were transported in reefers, today, one third of them is moved via containers.

If previously reefer operators, such as NYK-Star Reefers, Seatrade and Lauritzen-Cool, were used to dealing only with large organisations, today, in order to meet the needs of a multitude of small exporters, they have set up 'parcel' services in the main fruit exporting countries of the Southern Hemisphere.

NYK-Star Reefer launched two new seasonal services. The first kicks off in New Zealand, with port calls at Nelson and Napier, and serves Antwerp and Sheerness for a transit time of 26 days. The second trades between South Africa and Russia.

This situation has certainly benefited those exporters fast enough to exploit the container-based competition to put pressure on reefer owners. The latter have countered by proposing fast ships, equipped to fit refrigerated containers on deck, and often with atmospheric control systems.

By maintaining the pressure on freight rates and demanding a constant improvement in the quality of transportation, shippers stand to gain the most from the rivalry between reefer and containership operators.

In the medium term, unless freight levels are high enough to pay for the renewal of ships, there will be such an imbalance that owners will be turned away from the conventional reefer market.

Containerships are in the process of increasing their market share at the expense of reefer vessels on a number of routes. Already, nearly all frozen food exports from South America (with the exception of fish transhipments) destined to the Far East travel in containers.

Exports in refrigerated containers out of Argentina, Chile, and Brazil heading to the U.S. and Europe are also on the rise.

Containership owners have been anticipating events:

  • Maersk-Sealand has put into service 6 ships of 4,500 teu, 800 reefer plugs, 24 knots, to operate from the East Coast of South America to Europe replacing ships of 2,800 teu.

  • During the autumn of 2002, P&O-Nedlloyd launched a new generation of containerships of 4,100 teu, 1,200 refrigerated plugs and 25 knots. These 10 ships (7 P&O-Nedlloyd and 3 CP Ships) replace the 2,700 teu ships on the Australia / New Zealand to Europe / U.S. run.

  • At the start of 2003, MSC is introducing a new weekly service New Zealand / Europe competing against P&O-Nedlloyd.

If in the past containerships, relative to reefers, were characterised by slower speeds and inflexible transit times, today, they steam at 25 knots and, thanks to transhipment systems, are able to better serve shippers'demands, be they small regular volumes or more important seasonal sizes.

Despite these developments and the fact that the global capacity of containerships fitted with reefer plugs is more than double that of the specialised fleet measured in cubic-feet, in reality only half of perishable goods travel in containers. Thus, owners of conventional refrigerated ships remain highly efficient in their fleet operations and refrigerated containers have yet to adapt to the most widespread fruit trades, namely bananas and citrus fruit.

However, recent very low levels of freight rates have discouraged owners from renewing their fleet of conventional reefer ships. Were this situation to persist, one has to question what the future of this sector will hold. The prospects are all the more dubious if in the meantime liner operators reduce the transit times for refrigerated containers and improve the efficiency of positioning empty boxes in production zones in line with seasonal cycles.
  

The fleet

At the end of 2002, the orderbook was virtually empty with only 3 ships under construction. Rock bottom demolition prices meant that demolition remained extremely low throughout the year.

Eighteen ships for a total of 6 million cubic feet were sent to the scrapyards.
Paradoxically, activity on the second-hand market for 10 to 15 year old ships was relatively buoyant. There are two main reasons : first, purchases by existing pool members of ships belonging to owners who were seeking to exit the sector and secondly, purchases by shippers or importers seeking a greater degree of independence in their operations. The latter was, for example, the case for Russian fruit importers as well as for the fishing sector.

As a result, we witnessed a concentration of the fleet in the hands of few owners ' per se, not a new phenomenon.

In terms of newbuildings, the market is in a state of limbo, as prospects offer little encouragement to investors for the moment. Activity is likely to return when some 100 to 150 ships of over 250,000 cu ft built before 1978 are scrapped.
  


 

It is also worth noting that the latest large refrigerated ships being delivered have a service speed of 23-24 knots and offer various innovations: pallet loading by lift, lateral doors independent from container loading on deck, the absence of hatchcovers, and an impressive refrigerated container capacity reaching up to 70 % of the hold capacity. These ships of about 600,000 cu ft, 12,000 dwt, have a combined capacity (hold + deck) of 8,500 to 9,000 pallets.
 

Major events in the year 2002

Beginning in March 2002, there was a Russian embargo on American poultry for sanitary reasons (antibiotics, salmonella, etc.), which lasted until mid May. It is estimated that American exports to Russia dropped by 35 % over the year 2002. The previous year Russia imported 1,36 million tons of chicken and turkey, of which 1 million came from the U.S..

Unfavourable weather conditions and the ensuing torrential rains damaged the banana crop in Ecuador, Costa Rica and Honduras. Australia, on the other hand, suffered from an exceptional drought.

Amer Reefer reached an agreement with the New York bankruptcy court and specifically with creditors Vroon and Aston Financial Int. Its 7 ships will remain in the Leonina pool of Lauritzen-Cool.

In Argentina, the crisis and the consequent devaluation of the peso spurred exports. Despite the fact that apple (1 million tons) and pear (500,000 tons) production fell by 20 % compared to 2001, turnover from fruit exports increased by 20 %,
primarily towards Europe, the Mediterranean area, and Russia.

In Panama, Chiquita plans to sell 3,000 hectares of plantation to a co-operative of agricultural workers. $90 million losses have accumulated in the last 5 years in this country where irrigation costs are extremely high.

A dock strike affected 29 ports on the West Coast of the U.S. for 10 days in September, forcing a re-routing of containerships as well as some banana carriers. Some 260 ships were affected by this strike.

In Chile, fruit exports increased by approximately 9 %, riding on a strong dollar. 670,000 tons were exported to the U.S., 437,000 tons towards Europe, and 127,000 tons to Asia. Inversely, a strong euro could lead to a preference of sales towards Europe in 2003. Consequently, shipowners face the enticing prospect of seeing tonnage employed on the longer routes between Chile and Europe.

In New Zealand poor weather affected the squash production and exports, mainly to Japan, fell between 25 to 30 %. The apple crop increased by 4 % compared to 2001 (17,7 million cardboard boxes). With heavy frosts having affected the apple orchards in the Nelson region, the outlook for 2003 appears to be bleak, the next crop is expected to produce 14,5 million cardboard boxes. On the kiwi front, bad spring frosts, the worst in 20 years, as well as hailstorms damaged some of the plantations. The precise result of these climatic conditions remains to be determined, but one can expect total kiwi production volumes to be lower.

In Brazil, beef exports were strongly up (910,000 tons in 2002, 826,000 in 2001 and 575,000 in 2000) and the forecast for 2003 is 1,15 million tons, thus becoming the second largest exporter in the world after Australia.

Banana production in Ecuador declined, because of both climatic reasons (heavy rain and cold temperatures in March and April) and the mushroom 'black sigatoka'. In addition, threats concerning a rise of Panama Canal tolls may endanger the bulk of Ecuadorian exports as 60 % of exports take the Canal route.

In South Africa the deregulation of the old commercial system and the weakness of the rand helped fruit exports (1,7 million tons of which : 950,000 tons of citrus fruit, 650,000 tons of apples, pears, and grapes, and 100,000 tons of avocados and other various fruit) resulting in a 6 % increase in volume over 2001 and 10 % rise in value, with two-thirds going to Europe.

In Costa Rica, between May and June the country was hard hit by torrential rains, the resulting floods damaging 40 % of its banana plantations. Consequently, banana exports fell by approximately 6 % in the year and the country could find itself being displaced by the Philippines as the second largest world exporter.
 

The freight market for conventional ships of 350,000 to 500,000 cu ft

First and foremost, the high season only lasted several weeks. The market peaked at 90 cents and started to drop off at the end of March. By the end of April, some 50 ships were already idle in Cristobal.

Relative to 2001, the first quarter performed better, but the second fared worse.
Having plunged in May, the market picked up in June thanks to strong activity in citrus fruit, the renewed movements of frozen chicken into Russia and a reduction in the spot fleet, as numerous ships had been laid up after a particularly disappointing high season. It is estimated that during the summer approximately sixty ships were laid up with about 25 million cubic-feet capacity.

At the end of July 2002, the impact of the drop in volume of banana exports from Ecuador (2 million cardboard boxes less per week or the equivalent of 10 ships) was heavily felt in the spot market.

The low season has now increasingly shifted to September / October, as during the period from May to August transport demand for citrus fruit in the Southern Hemisphere remains fairly strong.
 

There was an excess of optimism in the market during the summer when freight rates were fixed during the Canary Island export season (from November to May each year) with an increase of 5 % to 75 cents, but there were only 6 ships fixed of 420,000 to 440,000 cu ft instead of the usual 8.

After that we had to wait until November for the 'Majors' (Chiquita, Dole, DelMonte, Fyffes-Geest) to renew 12-month time charters at practically the same conditions as last year, namely 62 cents for the fastest ships with large deck capacity for containers and on average 57 cents for ships of 450,000 to 500,000 cu ft (20 knots, 50'80 reefer plugs for containers on deck).

For standard palletised ships of 400,000 to 500,000 cu ft (18 knots, without container capacity) the market lingered around 40 cents for a 12 month period, but fixtures for longer periods (over a year) remain a rarity, as operators prefer the pooling system rather than to take risks on hypothetical time charters.

In the small sizes (about 200,000 to 250,000 cu ft) the market kicked off to a good first quarter then in April fell back compared to the previous year. The average yearly spot market was around 50 cents.
  

Conclusion

The number of players in the market of conventional ships has been steadily shrinking. Two developments lie at the heart of this. First, organisations that have a monopoly on exports in the Southern Hemisphere have broken up and, second, containers have absorbed a share of the market, either on the deck of conventional reefer vessels, or on pure container vessels.

The spot market depends in practice on a selected number of goods : fresh fruit such as bananas, citrus fruit, apples, pears, kiwis, and pineapples ; plus frozen chicken, mainly for bigger vessels and fish, generally for smaller ones.

Russia continues to play a determinant role as a regular charterer of full ships in terms of bananas and fruit from the southern hemisphere and Morocco, as well as American poultry. The recent decision by Russians to acquire second-hand conventional ships will probably lead to a reduction in the number of fixtures on the spot market.

Competition remains fierce between the two modes of transport (containers versus reefers) and will become increasingly selective. Whilst the container has taken a preponderant share in the meat, milk products, and seafood sectors, conventional refrigerated ships should be able to hold their position in transporting fruit between specialised ports and ports endowed with state-of-the-art fruit terminals. The latter control loading programmes and focus on the re-distribution of fruit to its final destination, thus playing a role as a centre of distribution in a sector where the delivery into the product market is sometimes too complicated for liner owners to operate. To each his own business'  
 



Shipping and Shipbuilding Markets in 2002

I N D E X

›››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.
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
Deutsche Bahn would have solicited a group of potential bidders to submit proposals to acquire DB Schenker
New York
The invitation addressed, among others, to DSV, Maersk and MSC
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