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09 May 2025 - Year XXIX
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FORUM of Shipping
and Logistics



The Tanker Market in 2002

The crude oil transport

 

The freight market   
        VLCC 
        Suezmax 
        Aframax 
Prospects 
The second-hand maket
       VLCC 
        Suezmax 
        Aframax & Panamax 
        Combined (OBO)
    Tomorrow's market 

See also: the product tanker market

We tried to conclude our last year's report on an optimistic note by arguing that only a significant economic recovery in the industrialised countries could reverse the strong downward trend in freight rates. The repercussions of what we can qualify as after 'Erika' were of a very short duration. The drastic policies put into effect by the main charterers and importing countries, rejecting the older vessels, brought in their wake two fierce reactions, which combined to weigh heavily on freight rates.

Numerous (too many?) new orders were placed over the past 3 years. As we shall see later all sizes were affected, and despite a progressive elimination of the older units, real requirements and replacement projections have often been surpassed.

Faced with a constant fall in crude oil prices, OPEC members reacted by reducing their production quotas often by substantial proportions. Apart from a few rare exceptions, it has become obvious that the world economic climate remains stuck in a prolonged state of apathy. Hopes of a recovery in the second half of the year, which we alluded to, were not achieved and the prospects are far from rosy.
 

The past year has also been marked by a particularly tense climate in the realms of international affairs. The psychosis of terrorist attacks following the horrors of September 11 2001 has not abated, and 2002 has seen its share of bloody events. Closer to us, the attempt which was made on the 'Limburg' demonstrates that our activity is an easy and symbolic target for the terrorists.

Caught up in this turmoil, which is both geographical and economic, the U.S. has thrown down the gauntlet against these invisible adversaries by rearranging a part of the reality and in targeting once again Saddam Hussein and Iraq.

The threat of such a new conflict has had strong repercussion in the oil industry and oil prices have swung erratically going from under $20 per barrel in January to near $30 per barrel in September.
 

The development of freight rates over the year

Generally, as shown in the tables, the drop experienced in 2001 was accentuated to the mediocre levels of 1999. As will be seen from the analysis of the different graphs for each of the main sectors, whilst rates collapsed in the first 3 months of the year, there was a strong rise in the last quarter.

Several factors explain this abrupt and unexpected phenomenon:

  • The threats directed at Iraq have resulted in a substantial increase in strategic reserves.

  • This is the traditional period of the year when consuming countries build up their stocks in preparation for a cold winter.

  • At the same time, producing countries have significantly opened their taps and have exceeded their self-imposed quotas. Consequently in the period October ' November, OPEC production touched 26.6 million bpd, a surplus of 2.5 million bpd over the official ceiling.

The question that we will examine after an analysis by sector is to know whether this breathe of fresh air, which owners have enjoyed at the end of the year, has a chance of being extended and confirmed, or whether it is simply a short-lived illusion.
The catastrophe of the 'Prestige' nearly three years after that of the 'Erika' and its consequences, will help to highlight some of the parameters and conclusions, which we shall try to draw from all this.
 

Particularly sensitive to the uncertain climate we are currently experiencing, this category of tankers, with the exception of the fourth quarter, had a very difficult year. The export restrictions imposed by the Gulf producing countries, together with a high level of new deliveries, resulted in an imbalance of supply and demand particularly detrimental to owners. Voyage returns continued to plummet to reach in certain cases levels lower even than those in 1999' ($5,000 to $6,000 per day).

Given these circumstances and without any expectation of an economic recovery in the short term, many owners of older vessels decided not to hold on, and sent their units to the scrapyards. A total of 41 VLCC / ULCC(1) were taken out of the fleet in 2002 compared to 40 in 2001 and 29 in 2000.

At the same time, 40 new vessels were delivered in 2002, thereby balancing the fleet withdrawals. Nonetheless we have been able to observe that the increase in voyage demand at the end of the year has had an immediate effect on rates, and shows the very fine balance between supply and demand with Worldscale rates doubling within a few weeks!

Thus during the last quarter, Worldscale levels reached their peak (WS 120 / 130) for short voyages to the East and WS 107,5 / 110 for longer voyages to the U.S. Lucky owners have been able to benefit from returns unthinkable throughout the first three quarters, which often exceed $60,000 per day.

Another reason for the additional volatility of this market is that, apart from the traditional traffic out of the Middle East Gulf, an increase from other sources notably West Africa has developed. Thus in this zone, which up till now saw the Suezmax playing a dominant role, there has been an increase in combining stems for VLCC's.

There is also an expanding share of traffic towards the Far East, which confirms a trend towards shorter hauls that affects the global tonnage demand.

As to owners' situation, already alluded to in our last report, the policy of forming 'commercial pools' chosen by some in the lean periods, has come under pressure following the poor levels being obtained in the period up until September. Consequently we have seen the departure of Frontline from the Tankers International pool. As this is one of the leading VLCC owners in the world, it has to be admitted that there are difficulties and limits of such a policy in a declining market.

The results of the past year are similar in all respects for this category of tankers to those of VLCC's.

After 2001, which despite its ups and downs was on the whole positive (with average returns close to $30,000 per day), owners were unable to resist the gradual deterioration of the overall economic conditions. Whilst the levels and returns did not fall to the depressed levels of 1999, there was nonetheless a steady decline from January to September 2002.

As with the VLCCs and for the same reasons, the last quarter saw a jump in levels as abrupt as it was excessive, and unjustified by the fundamentals of the market.

Even more than the previous year, it was the Mediterranean which was the main spur of this market. Russian exports now play a major role, together with the constant flow of liftings from the Sumed pipeline and in 'normal' times, Iraq crude exports out of Ceyhan.

With respect to Russian Black Sea liftings, the new Turkish regulations introduced at the end of the year (with the Dardenelles transit only permitted in daylight hours) these add at least another two days to voyage times. With an ever-increasing rise in traffic, there are real jams, which can double the theoretical transit time. This simple measure naturally affects tonnage availability and helps push rates higher.

As already mentioned, West Africa is in the process of losing its position as a driving force, even though it still represents an important share of the global traffic, especially towards the U.S.. On this route the average rate experienced this year was around WS 78,5 compared to an average in 2001 close to WS 110.

During the first nine months of the year, with the exception of a slight hike in June, returns remained below $15,000 per day. Proof of the predominant influence of economic events on rates, this size of tankers has remained globally balanced in terms of numbers for many years. Thus since 1998, 106 new units (15,9 million dwt) have been delivered while 107 (14,7 million dwt) have been scrapped.

2002 however differed slightly from preceding years with 25 units delivered as compared to only 15 ships withdrawn from the fleet.

Another important phenomena in relation to previous years was the conversion of units destined to the offshore market being more favourable to VLCC than to Suezmax. Consequently only 2 old Suezmax were converted in 2002 as compared to half a dozen VLCCs.

Freight rates for this size of tankers have not deviated from the overall tendency with a market in steady decline since the beginning of 2001, up until the notorious jump during the last quarter of 2002. Nonetheless in contrast to the larger sizes, the lowest levels registered this year did not reach the abyss of 1999 when returns were frequently below $10,000 per day.

This ability to absorb the impact of the economic crisis is largely explained by the great flexibility that this category of ships possess.
Within the European and American zones, traffic is extremely steady, but it only requires a minor movement in the supply / demand equation to produce a sizeable change in rates. Thus the North Sea and Caribbean markets were true to form with wild rate variations, notably in the North Sea with the traditional bunching of liftings at the end of the month.

However generally speaking, levels remained fairly mediocre form January to September: WS 103 for inter North Sea voyages, WS 109 for cross Med and WS 123 for Caribs / U.S.

The last three months of the year, but especially November and December, allowed owners to rapidly get out of this depressed state and to obtain steadily improving levels. In Europe returns on modern units often surpassed $40,000 per day. The Caribbean market was comparatively less favourable.

The crisis that shook Venezuela in December produced an abrupt reduction in demand and owners quickly had to accept lower rates.
As we have seen earlier in our analysis of the Suezmax size, the Mediterranean market was also strongly affected and perturbed by the restrictive Turkish measures in respect of the Black Sea traffic. The difficulties encountered during the transit of the Dardenelles and the Bosphorus have and will increasingly affect the tonnage availability.

At the time of writing, the impact of the 'Prestige' shipwreck is naturally very much in our minds. Politicians as well as others, both in Europe and in the rest of the world, affected by the dramatic consequences of such a pollution are trying to adopt drastic and rapid measures.

Preventing old single-hulled tankers from carrying fuel oil or even crude is purely a political decision aimed to satisfy public opinion. Although it is common sense, it does nothing to solve the maritime risk. Whilst it reduces it, nothing stops the possibility of seeing a 12 years old double-hulled tanker having a similar accident, having passed through several hands and being poorly or badly maintained.

For several years the Majors have already put in place a system of strict vetting and only certain less scrupulous charterers are satisfied with vessels that fail this test.

A proper reinforcement of port controls and of objective criteria adopted by both exporters as well as importers, will contribute effectively and efficiently towards the elimination of the few stray sheep which causes a risk to the whole fleet and destroys its public image.

In fact it is not fair to give the impression that the seas are infested with 'floating rust-buckets', and the incident of the 'Prestige' is more the exception that proves the rule, at least as far as European waters are concerned.

Considerable efforts have been made by owners over recent years and the rejuvenation of the world tanker fleet is today a reality.

As the graphs show, the VLCC and the Suezmax categories have been considerably renewed over the past four years, as today two-thirds of these fleets are less than 10 years old. Compared to the end of 1998, the ratio was closer to half.

Only the Aframax size, despite increasing by some 20 new units in the last four years, remains relatively unchanged in its age structure, with a proportion of nearly 50 % of vessels over 10 years old. Nonetheless it should also be stated that most of these older ships are to be found East of Suez.

As to the question of freight rates over the short and medium term, once the excitement is over and the traditional period of winter activity passed, can one expect to see the strong recovery at the end of the year being maintained?

Putting aside the repercussions of the American intervention in Iraq, one is forced to observe that the global demand is unlikely to progress significantly over the coming months. The prevailing economic conditions remain morose in the majority of industrialised countries and prospects for a recovery are not for tomorrow.

Opec decided in mid-December to reduce its overproduction as from January. This should drop to 23 million b/d with a price target between $22'28 per barrel.

At the same time the availability of tonnage will continue to increase and the delivery of new vessels in the coming years indicates that there will be no shortage of transport capacity.

If one looks at the number of single-hull units one is forced to remark especially for the Aframax category, that the capability of owners and shipyards today to react is such, that an imbalance in supply and demand in favour of owners will only be short-lived.

Thus we believe that the extraordinary increase in freight rates during the fourth quarter should carry through into the first months of 2003. The impact of the media with the pollution of the 'Prestige' will reinforce the tendency towards caution on the part of majority of charterers. A marked preference will be given to the most modern vessels.
However, without a rapid recovery in the world economy and a lasting effect on the energy consumption, the risk of collapse is still present. Opec's decision to reduce its production to levels similar to those of the first quarter of 2002 is further proof of the fragile nature of our market'
 



Shipping and Shipbuilding Markets in 2002

I N D E X

›››File
FROM THE HOME PAGE
In the first three months of 2025, freight traffic in the port of Ravenna increased by +8.9%
Ravenna
Increase in dry bulk, containerized and conventional cargo
In the first quarter, Costamare's revenues decreased by -6.1%
Monk
Costamare Bulkers Spin-Off Completed
The western dock of the port of Gioia Tauro has become operational
Joy Taurus
Container ship "MSC Bridge" docks
Maersk Group posts positive quarterly financial results
Maersk Group posts positive quarterly financial results
Copenhagen
Container volumes transported by the fleet remain stable. Traffic growth of +8.4% in port terminals
European Commission approves Italy's request to reintroduce the International Registry
Brussels
It will be in force until the end of 2033
In the port of Trieste, bulk cargo decreases and miscellaneous goods increase
Trieste
In the first quarter, a decrease of -4.3% was recorded. In Monfalcone, traffic increased by +54.9%
In the first quarter, goods handled by the port of Venice increased by +4.3%
Venice
Solid bulk and containerized cargoes on the rise. Liquid bulk drops by -6.1%
GNV orders four more ro-pax vessels from Guangzhou Shipyard International
Genoa
Deliveries of the 71,300 GRT units will begin in early 2028
The agreement between the Region and the extraordinary commissioner gives the go-ahead to the construction of the Darsena Europa in the port of Livorno
Florence
Giani: work can finally start
Filt, Fit and Uilt support Ciane's activity in Genoa and Savona, which would be put in danger by Petromar's competition
Genoa
Hupac will focus on combined transport on the North-South axis, focusing on high-volume connections
Zurich
DFDS Quarterly Revenues Up 7.5% With Ekol Acquisition
Copenhagen
The volumes of goods transported by the fleet are stable. Passengers drop by -27.5%
At the end of 2025, RAlpin will suspend the rolling highway rail service between Fribourg and Novara
Olten
The company denounces the numerous and unexpected restrictions on the railway network
Terminal operator ICTSI closes a record first quarter
Manila
Historic peak in financial results and container freight volumes handled
Premuda, management buy-out operation on the entire share capital of the company
Genoa
It was implemented with the strategic and financial support of Pillarstone
In the first quarter of this year, ship transits through the Panama Canal increased by +35.9%
In the first quarter of this year, ship transits through the Panama Canal increased by +35.9%
Panama
Ships carried 60.0 million tons of cargo (+40.1%)
In the first quarter of 2025, maritime traffic in the Bosphorus Strait decreased by -7.5%
In the first quarter of 2025, maritime traffic in the Bosphorus Strait decreased by -7.5%
Ankara
A total of 9,351 ships passed through
Tender for the expansion and technological modernization of Gate IV of the Port of Trieste
Mediterranean Emission Control Area for Sulphur Oxides Comes Into Force Tomorrow
Brussels
Vessels will have to use fuel with a maximum sulphur content of 0.1%.
Norwegian Cruise Line Holdings Reports Quarterly Net Loss of -$40.3 Million
Norwegian Cruise Line Holdings Reports Quarterly Net Loss of -$40.3 Million
Miami
In the first three months of this year, revenues fell by -2.9%
DSV Completes Acquisition of Schenker
Hedehouse
In the first three months of this year, the Danish logistics group's operating result increased by +17.5%
Hapag-Lloyd expects to close the first quarter with very positive performance
Hamburg
ONE closed fiscal year 2024 with net income of $4.2 billion (+336%)
ONE closed fiscal year 2024 with net income of $4.2 billion (+336%)
Singapore
In the period the container fleet transported 3.1 million TEU (+2.3%)
In the first quarter, the revenues of the Chinese shipping group COSCO grew by +20.1%
In the first quarter, the revenues of the Chinese shipping group COSCO grew by +20.1%
Shanghai
The fleet transported 6.5 million containers (+7.5%)
In the last quarter of 2024, Eurokai port terminals handled over 3.2 million containers (+9.4%)
Hamburg
In Germany, traffic was 1.9 million TEU (+14.0%) and in Italy 443 thousand TEU (+7.9%)
OOIL orders 14 new 18,500 teu containerships
Hong Kong
Dalian, Nantong shipyards win $3.1 billion contract
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
Chinese ports set new cargo throughput record for January-March quarter
Chinese ports set new cargo throughput record for January-March quarter
Beijing
In the period, seaports handled 73.1 million containers (+8.3%)
Passenger terminal completed at Rizzo dock in Messina port
Messina
Work begins on remodeling the seabed of the port of Reggio Calabria
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
UPS closed the first quarter with a net profit of 1.2 billion dollars (+6.6%)
Atlanta
Revenues down slightly following sale of Coyote Logistics
Second Large Cruise Ship Built in China Launched
Shanghai
It will join the Adora Cruises fleet at the end of 2026
Uiltrasporti underlines the need to keep Italian ports under public control
Rome
The liner shipping industry contributes substantially to the U.S. economy.
Washington
This is highlighted by an analysis carried out by S&P Global Market Intelligence on behalf of WSC and PMSA
Toll worsens from explosion in Iranian port of Shahid Rajaee
Tehran
It caused 46 deaths and injured over 1,200 people
Tender for concession of container terminal at Ukrainian port of Chornomorsk to be announced by mid-year
Kiev
The management will include the general cargo terminal
Wärtsilä's first quarter is positive
Helsinki
New orders value growth slows
CEVA Logistics (CMA CGM group) will buy the Turkish Borusan Lojistik
ESPO: The EU Parliament's Budget Committee's request for more funding for transport, energy and infrastructure is welcome
Brussels
The importance of financing TEN-T networks to enable their adaptation for both military and civilian dual-use purposes was highlighted
Solidarity contribution for the families of port workers who are victims of accidents at work
Rome
It was established by the National Bilateral Port Authority
Bureau Veritas Marine & Offshore Division Reports Record Quarterly Revenue
Neuilly-sur-Seine
New historical peak also for the classified fleet
PSA reportedly considering selling its 20% stake in Hutchison Ports
Singapore
This is according to "Reuters", which had already floated this hypothesis at the end of 2022
Federagenti, Italy must give a sharp acceleration to the projects of ZES, free zones and Special Logistics Zones
Rome
Pessina: There is no space for reflections prey to bureaucracy
In the first quarter of this year, freight traffic in the port of Rotterdam decreased by -5.8%.
Rotterdam
Both disembarkation (-3.1%) and embarkation (-11.9%) loads are decreasing
Increase in container cargo is not enough for the port of Antwerp-Bruges to avoid a -4.0% decline in quarterly traffic
Antwerp
The decline in liquid bulk cargoes worsened (-19.1%)
The China Shipowners' Association considers the measures taken by the US against Chinese ships a typical example of unilateralism and protectionism
Beijing/Washington
The WSC reiterates that such measures could undermine American trade, harm U.S. manufacturers, and undermine efforts to strengthen the nation's maritime industry.
COSCO Expresses Strong Opposition to US Planned Taxes on Chinese Ships
Shanghai
They distort fair competition - the Shanghai group denounces - and hinder the normal functioning of shipping
Growing share of new entrants in European rail transport sector
Madrid
In 2023, rail freight transport performance decreased by -8%
New Chinese Ship Taxes That Will Only Raise Prices for Americans
Washington
The executive vice president of the US Chamber of Commerce denounced it
Tax amounts set for China-linked vessels arriving at US ports
Washington
Calculated on the basis of net capacity or container volume, they will be applied from October and will be progressively increased
International tender launched to award concession for new Casablanca port shipyard
Casablanca
It is the largest in Africa and has been unused since 2019
Federlogistica, the industry must stop approaching logistics only in terms of costs
Genoa
Falteri: a national control room composed of representatives of the logistics sector and industrial groups is necessary
ABB closes positive first quarter even if revenue growth is lower than expected
Zurich
Wierod: Our consolidated local-for-local approach protects us from the trade war
New global minimum wage deal for seafarers
Geneva
The level will rise to $690 from January 1, 2026 to reach $704 from 2027 and $715 from 2028.
Global trade in goods could fall by -1.5% this year
Geneva
WTO predicts. Okonjo-Iweala: Persistent uncertainty threatens to slow global growth, with serious negative consequences for the world
In 2023, around two-thirds of all goods moved in the EU were transported by sea.
Luxembourg
In the period 2013-2023, only the share of road transport increased, while that of other modes decreased.
Postal shipments of goods from Hong Kong to the US suspended
Hong Kong
Hongkong Post faces exorbitant and unreasonable tariffs due to unjustified and intimidating actions of the United States
Taiwan's Evergreen and Yang Ming saw revenue decline in April
Keelung/Taipei
Compatriot Wan Hai Lines' turnover grows
In the first three months of 2025, RCL containerships transported 658,000 TEU (+8.9%)
Bangkok
Revenues up +37.6%
The preparation process for the Port Regulatory Plan of Ancona has begun
Ancona
Preliminary verification of the Strategic Environmental Assessment has begun
d'Amico International Shipping reports quarterly revenue and earnings decline
Luxembourg
Balestra di Mottola: We do not expect any impact on us from any port tariffs applied in the US for ships built in China
Towards the final approval of the nomination of Francesco Benevolo as president of the port of Ravenna
Rome
The MIT has forwarded the proposal to the Transport Commission of the Chamber
The decline in vehicle volumes transported by the Wallenius Wilhelmsen fleet continues
Lysaker
The first three months of 2025 were closed with revenues of 1.3 billion dollars (+3.4%)
Shipping agents, customs agents and freight forwarders of La Spezia applaud Pisano's appointment
The Spice
For the presidency of the AdSP - they rejoice - "one of us" has been chosen
MIT appoints Bruno Pisano as president of the AdSP of the Eastern Ligurian Sea
Rome
DHL Buys IDS Fulfillment
Westerville/Indianapolis
Strengthening the e-commerce segment
V.Ships created V.Yachts to provide its services to large yachts
London
It will be based in Monaco
Mercitalia Rail transports scrap iron from Pomezia to steel mills in Northern Italy
Milan
Finnlines revenues increased by +2.3% in the first quarter
Helsinki
The volumes transported by the fleet are increasing, with the exception of cars
NYK to build third car terminal at Barcelona port
Barcelona
Work begins on the electrification of the MSC Crociere terminal
The Verdane investment fund sells Danelec to the GTT group
Paris
Danish company develops technologies for digitalization of maritime transport
Israeli forces attacked the port of Hodeyda
Jerusalem
IDF, measures taken to limit damage to ships
Vard signs new contract with Dong Fang Offshore for OSCV vessel
Trieste
It will be delivered in the first quarter of 2028
Collaboration protocol between the Federation of the Sea and WSense
Rome
Among the aims, to promote intelligent and sustainable management of marine resources
A conference on maritime engineering works and climate change in Rome on Wednesday
Rome
It will be held at the Auditorium Fondazione MAXXI
The 2024 general financial statement of the Eastern Adriatic Sea Port Authority has been approved
Trieste
It records a general administrative surplus of almost 283 million euros
Accelleron Industries Announces Further Investments in Italy
Baden
The aim is to strengthen technological leadership in fuel injection systems for the decarbonisation of the maritime sector.
UAE's AD Ports continues to invest in Egypt
Cairo/Abu Dhabi
Usufruct contract to develop and manage a logistics and industrial park near the port of Port Said
The 2024 final budget of the Central Adriatic Sea Port System Authority has been approved
Ancona
Green light from the Management Committee
RFI, tender awarded for maintenance and telecommunications enhancement works
Rome
Program worth approximately 180 million euros
Contract signed assigning CMA CGM the management of the container terminal at the port of Latakia
Damascus
Investments of 230 million euros expected in the first four years
Rizzo appointed extraordinary commissioner of the Strait Port System Authority
Messina
DHL Group revenues increased by +2.8% in the first three months of 2025
Bonn
Net profit of 830 million euros (+3.9%)
Purchase of area for new cruise terminal in Marghera completed
Venice
It is expected to become operational in the 2028 cruise season.
CMA CGM Completes Acquisition of Air Belgium
Marseille/Mont-Saint-Guibert
Mazaudier: Strengthen our air capacity with immediate effect
In the first three months of 2025, freight traffic in Albanian ports decreased by -1.8%
Tirana
Passengers also decreasing (-1.6%)
In 2024, 94.4 million tonnes of goods were transported on the Austrian rail network (+2.2%)
Vienna
31.8% of the total volume was achieved on routes longer than 300 kilometres
The final budget and the annual report 2024 of the AdSP of Sardinia have been approved
Cagliari
Pilot project for the unified issuing of port access permits for haulers
Interporto Padova's 2024 financial statements unanimously approved
Padua
Revenues up +7.3%
Redevelopment works underway at the agri-food hub of the port of Livorno
Leghorn
Works worth six million euros
Bluferries is ready to put the new ro-pax Athena into service in the Strait of Messina
Messina
It can carry up to 22 trucks or 125 cars and 393 people
Approved the financial statement for the financial year 2024 of the AdSP of the Ionian Sea
Taranto
424.8 million port works completed in the last decade
Kalmar reports lower quarterly revenue, higher new orders
Helsinki
In the first three months of 2025, net profit was 34.1 million euros (+2%)
Antonio Ranieri is the new maritime director of Liguria
Genoa
He takes over from Admiral Piero Pellizzari who was discharged from the service upon reaching the age limit
In the first quarter of 2025, China's CIMC recorded a 12.7% increase in container sales
Hong Kong
Revenues grew by +11.0%
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Last year, the revenues of the Chinese group CMPort increased by +3.1%
Hong Kong
In the first three months of 2025, port terminals handled 36.4 million containers (+5.6%)
The financial statements of the AdSP of Western Liguria and the Central-Northern Tyrrhenian Sea have been approved
Genoa/Civitavecchia
Konecranes revenues increased by +7.7% in the first three months of 2025
Helsinki
343 million euros of new orders for port vehicles (+37.5%)
Kuehne+Nagel posts first quarter of growth
Schindellegi
The logistics group's net sales amounted to 6.33 billion Swiss francs (+14.9%)
Application by TDT (Grimaldi group) for the construction and management of 50% of the Terminal Darsena Europa in Livorno
Leghorn
The company has requested an extension of the duration of the current concession
In 2024, 58 million invested in the modernization of the ports of Livorno, Piombino and the island of Elba
Leghorn
The final budget and the annual report of the AdSP have been approved
In the first quarter the port of Valencia handled 1.3 million containers (+3.4%)
Valencia
Transhipment traffic decline
EIB advice to strengthen climate resilience of the ports of Volos, Alexandroupolis and Patras
Luxembourg
It will assist port authorities in identifying and managing climate risks
The Management Committee of the Central Tyrrhenian Sea Port Authority has unanimously approved the 2024 financial statement
Naples
SOS LOGistica will acquire the qualification of Third Sector Entity
Milan
The association currently has 74 members
In the first three months of 2025, freight traffic in the ports of Barcelona and Algeciras decreased
Barcelona/Algeciras
Hupac transfers intermodal service with Padua to Novara
Noise
Until now the other terminal was the one in Busto Arsizio
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
A conference on maritime engineering works and climate change in Rome on Wednesday
Rome
It will be held at the Auditorium Fondazione MAXXI
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
PSA SECH has operated the first 400-meter train at Parco Ferroviario Rugna
Genoa
Capacity up to 20 pairs of trains per day
The 2024 financial statement of the Eastern Liguria Port Authority was unanimously approved
The Spice
The war clearance preparatory to the expansion of the Ravano Terminal in La Spezia is nearing completion
The Spice
The AdSP has invested over 600 thousand euros in it
Francesco Rizzo appointed president of the AdSP of the Strait
Rome
He has repeatedly denounced the uselessness of the construction of the bridge over the Strait
US aircraft attack Yemeni port of Ras Isa
Tampa/Beirut
38 dead and over a hundred injured
In 2025 Stazioni Marittime predicts an increase in ferry and cruise traffic in the port of Genoa
MIT Mobility Report Highlights Rising Demand for Both Passengers and Freight
Rome
In the first quarter, cargo traffic in Russian ports decreased by -5.6%
St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
Milan
Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
In the first quarter of this year, container traffic in the port of Gioia Tauro grew by +15.5%
Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
Historic shipbuilding brands Uljanik and 3.Maj on the verge of extinction
Zagreb
The State confirms its intention to sell the shipbuilding activities at the two sites of Pula and Rijeka
Cambiaso Risso has completed the acquisition of the French Somecassur
Genoa
The transalpine company specializes in the insurance of super and mega yachts
New weekly train service between the port of Gioia Tauro and Verona
Joy Taurus/Verona
Operated by Medlog for the transport of refrigerated goods
EBRD looking for strategic partner for development of Moldovan river port of Giurgiulesti
London
International competition launched
Turkish ports set new first-quarter cargo traffic record
Ankara
Historic peak of cargo imported from abroad
In the first quarter of 2025, freight traffic in the port of Taranto grew by +37.6%
Taranto
Increase of 854 thousand tons of solid bulk and 265 thousand tons of conventional goods
DEME buys Havfram, a company that installs offshore wind farms
Second Right/Washington
Transaction worth approximately 900 million euros
Rail transport of convoys for Rome Metro started from Reggio Calabria
Rome
Contract awarded by Hitachi Rail to Mercitalia Rail
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