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01 July 2025 - Year XXIX
Independent journal on economy and transport policy
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FORUM of Shipping
and Logistics



The Shipbuilding market in 2003

  

General trends  
Orders 
Prices 
Analysis by country
      - Asia
      - Europe
      - U.S.A. 
Prospects


The shipbuilding market of 2003 was marked by:

1.       An explosion in the volume of orders, beginning from the second half of 2002. The figures speak for themselves: the world orderbook has gone from 65 million gt mid 2002, to 75 million gt end 2002, 85 million gt mid 2003, then 100 million gt end September 2003, to finish the year at a new historic level of around 115 million gt.

2.       Asian shipbuilders now hold nearly 90 % of the world orderbook. Korea consolidates its first place with close to 48 million gt of orders in hand. Just for reference, the world orderbook ten years ago was 36 million gt. Japan follows with nearly 38 million gt and China has crossed a threshold, by surpassing its forecast, with over 15 million gt. Europe has hardly taken any advantage of the accelerating demand but remains close to the same level as last year with about 6 million gt.

3.       Orders are spread out considerably over time since the majority of Asian shipyards were already full up until 2007 at the end of the year. Some even have deliveries due in 2008. Whilst most new standard ships are built today in less than nine months, between the cutting of the first steel plate to delivery, orderbooks which stretch out over four years constitute an opportunity and a challenge for builders, as well as a gamble for owners.

4.       Generally speaking, newbuilding prices, which started to rise at the beginning of autumn 2002, have kept on progressing during the year under the combined effect of a very strong demand and the rapid disappearance of available berths. The number of 'resale' transactions of ships under construction has multiplied, with prices always higher than order prices, and the fierce competition between buyers has sometimes resulted in quite impressive increases.

5.       For the first time in thirty years we have come into a 'sellers' market (in favour of shipyards) and players had to adjust their behaviour to this new situation. Builders have become more selective, both in the type of ships they want built and in their customers. Owners had to accelerate their decision process, pay higher prices and sometimes accept some contractual terms imposed by the builders. The opportunism of some yards has surprised more than one owner.
 

Growth and trade

With the world GDP increasing by about 3.2 % in 2003, the year was not so bad and represents a steady progression since 2001, when the world growth was moving along at the rate of 2.4 %, one of the lowest levels over the last ten years.

There has however been a large disparity in the growth between economic zones. China has managed to maintain its very strong expansion of about 9 %, compared to 2.6 % for the US and 0.5 % for the Euro zone. China has been a driving force in the world economy as well as for the jump in freight rates. Japan's recovery with a growth of 2.7 %, and that of Russia with about 6 %, is also noteworthy.



World trade growth has increased in 2003 by nearly 2.9 %, a rate close to that of last year's.


 

Freight rates

Dry bulk freight rates literally took off to unprecedented heights, fuelled by China's enormous needs for raw materials and other primary products used to develop its infrastructures. This take-off even accelerated in the second half of the year. 

Tanker rates experienced impressive ups and down during the year but resulted in an average level well above the previous years. Container freights rates also marked a strong progression.
 


 
The robust levels of freight rates in 2003 certainly helped to order and finance new ships. The SARS epidemic and the Iraqi war were unable to put a hold on this trend.
 

Orders


 

Tankers 

With over 52.5 million dwt of new orders, the year 2003 was particularly strong for tankers, around two and a half times as much as in 2002. It is also far higher than the peak registered in 2000, which for reference was 34.3 million dwt. Without any doubt, the shipwreck of the 'Prestige' brought a change and pushed political and economic leaders to adopt tighter regulations, accelerate the phasing-out of old tankers and single-hulls, tighten inspections and adopt more restrictive chartering practices.

As a result, the tanker orderbook has been expanding and jumped from 46.6 million gt at the end of 2002 to 79.2 million gt at the end of 2003. Ships on order represent about 26 % of the fleet in service.

There has been a real rush toward the shipyards for placing tanker orders. Variations from one year to another are significant: orders for product tankers of 25,000 to 50,000 dwt went from 94 in 2002 to 238 in 2003, that for Panamax from 46 to 85, for Aframax from 44 to 106, for Suezmax from 18 to 49, and for VLCC from 16 to 57!

This year has seen a very strong demand for ice-strengthened tankers, very often for the highest ice class '1a' rating, which for example allows ships to load crude or refined products in the Gulf of Finland and the Sakhalin Islands, where Russia is in the process of building new ports and oil terminals. It is true that after a series of particularly mild winters, operators were caught by surprise that a large part of the Baltic became ice-bound. The specification for ice-strengthened ships has a considerable impact on the investment cost, since it is not only a question of strengthening the hull but also to install a more powerful engine that means also to adapt all the auxiliaries, entailing an additional 10 % on the overall cost.

Numerous product tankers of 37,000 to 47,000 dwt have been ordered with a '1a' ice class, as well as Aframax and Suezmax types. In view of the extra costs, some owners have opted for a combination of different ice class requirements ('1a' for the hull and '1b' for the engine). It is nonetheless probable, with the impressive increase in Russian oil exports from the Baltic and the Black Sea, that there will be stricter regulations imposed by adjoining countries, which may create a need for other types of tankers.

Some owners have designed innovative ships to increase the safety of oil carriage, offering their clients some original solutions. For instance Stena has ordered a series of six ships of a new type called P-Max, fitted with double propulsion. These ships offer a number of economic advantages: with the same length as a product tanker of 47,000 dwt, namely 183 m, but a breadth of 40 m compared to 32.25 m, they can transport 65,000 tons of products while retaining the same draught.
 


  

Containerships

With 26.7 million dwt, 518 ships for a total of 2.7 million teu, demand for new containerships was extremely strong in 2003. The numbers were by far superior to those of 2000, namely 13.7 million dwt when the world economy was flourishing, and more than three times the figure for 2002, which was 7.1 million dwt. The tonnage on order represents about 35 % of the active fleet in dwt terms.

Dominated by major Asian shipbuilders, the orderbook for containerships extends now up until 2007 comprising: 201 ships for 678,000 teu scheduled for delivery in 2004, 236 ships for 875,000 teu in 2005, 177 ships for 820,000 teu in 2006 and 54 ships for 352,000 teu in 2007.

The most significant factor for this year was essentially the size of the ships ordered. For 35 ships in service in the category larger than 7,500 teu (7,500 to 8,200 teu), we have seen 126 new orders during the year 2003. With the exception of some series of ships placed with IHI and ships being built at Odense for the account of Maersk-Sealand, all the remaining ships will be leaving the four big Korean shipyards (Hyundai, Samsung, DSME, and Hanjin).

One hundred and eight of these ships have been designed with a 42.8 metres beam, allowing them to load up to 17 rows of containers on deck. A smaller number has a beam of 45.8 metres (18 rows) reaching the limit imposed, for the time being, by the cranes available in the majority of container terminals.

Some operators who run their own 'hubs' have already anticipated that their port equipment should in theory be able to handle ships of greater breadth, with up to 22 container rows. Thus the way seems to be opening for larger ships which future generations may go up to 10,000, 12,000 or even 18,000 teu.
 

Bulk carriers

Demand was very strong in 2002 for large size bulk carriers (Capesize and Panamax), with nearly 21.6 million dwt being ordered, as much as in 1999. In 2003, this trend was even more pronounced with 32.9 million dwt. This relatively smaller performance compared to containers and tankers can be explained by:

  • the full occupancy of traditional shipyards dedicated to building this type of ship which at the end of 2002 already was covered until 2006,

  • the greater attraction for builders towards containerships and tankers with higher prices which allows them to increase their turnover,

  • the uncertainties linked to the changing regulations concerning double-hulled bulk carriers,

  • the resistance from buyers during the first half of 2003 to accept price increases being claimed by builders.

The orderbook for bulk carriers is nonetheless on the rise and went from 28.6 million dwt end 2002 to 49.2 dwt end 2003. The tonnage on order at the end of 2003 was about 16.2 % of the active fleet in dwt terms.

The trend toward new types of ships is continuing. Thus specialised builders of Handymax bulk carriers, after having produced in 2002 'designs' for single-hull ships of 55,000 to 56,000 dwt have proposed this year ships of 58,000 to 60,000 dwt. The main dimensions do not vary much, with the length remaining for the moment at 190 m and the breadth at 32.2 m, but the draught is higher and cargo cubic capacity has increased. Chinese yards, Jiangnan, Shanghai Shipyard and Bohai are building for China Shipping bulk carriers of 57,000 dwt with a length of 200 m. It will be interesting to see if other owners follow the movement, thereby creating a new category of ships.

Some double-hulled Handymaxes were ordered in China, notably with the yards Yangzhou Dayang, Kouan, Mawei, Xiamen and Zhejiang. However builders and owners have most of the time gone for single-hulls, as rules and regulations related to double-hull design have not yet been completely decided.

There was no significant design evolution for Panamax bulk carriers but the trend to build larger Capesize bulk carriers is confirmed by the orders of ships of 200,000 and 230,000 dwt. The enormous needs for iron ore at competitive freight rates could create a new interest for larger ore carriers of 270,000 dwt or more. Interested shipyards are fine-tuning their projects.
 

Specialised tonnage

Demand for specialised tonnage has remained very weak with the exception of car-carriers and LNG ships. Consequently shipyards which have geared their operations to one type of ship are facing some difficulties. Their idea was originally good, since it was based on the principle of acquiring a better control over the project and its cost, but in very narrow markets, these yards encounter difficulties when volumes of orders drop. It should be remembered that specialised tonnage only represents a very small fraction of the tonnage of standard ships built in the world, both in volume and in number of ships.
 


 
Prices

A significant rise in the price of tankers, bulk carriers, and containerships was experienced in 2003. The increase was on average 20 % (expressed in dollars).

Some observers are astounded at the moderation of this increase taking into account the enormous demand, but this is generally the case for a number of industrial goods, which are not mass-produced. This 'reasonable increase' is in fact due to the diversity and the elasticity of supply which shipbuilding offers.
 


 

It seems that in the first half of the year there was a constant but reasonable increase in prices, principally justified by the sustained demand, then in the second half the trend got carried away.
 


 

Other factors came into the equation, sometimes triggering off threshold price levels or dramatic variations in prices. First of all the scarcity of available docks within a reasonable delay, which created a fierce competition for the earliest possible delivery dates and allowed shipyards to play the bidding. There was a noticeable change in behaviour: with builders demanding a better return, owners were obliged to pay more if they wanted to make the deal, whilst betting on the continued firmness of freight rates.

Shipbuilders hedged their positions between the three most common types of ships: containerships, tankers, and bulk carriers (for a same size of ship, they give priority to the most expensive ships and to series), and only showed an interest in low-added-value ships to satisfy their traditional clients if the latter were prepared to pay substantial premiums on the price.

The resale of ships still under construction with prompt delivery dates started multiplying, at prices systematically higher than the price offered by the yards themselves for later deliveries, which was essentially motivated by the hike in charter rates notably in the bulk and oil sectors.

Strong demand was not the only factor pushing prices up. Shipbuilders' own costs increased particularly with the rise in raw materials and energy prices. Steel prices more than doubled and suppliers, very much sought after given the enormous orderbooks, also pushed up their tariffs. Moreover, the extended delivery dates meant that suppliers had to incorporate additional margins to cover future and unforeseen fluctuations of supply costs and exchange rates.

Change in currency values also contributed to the rise in newbuilding prices. For example the yen/dollar exchange rate in January 2003 was 118.2 compared to 107.8 by the end of 2003 while euro/dollar was 0.95 in January and 0.79 by year-end. Despite a fixed parity between the Chinese currency and the dollar, Chinese shipbuilders contracting in dollars buy a large part of their equipment abroad (Europe, Japan, Korea) and the decline in the dollar's value has increased the cost of these imported items.
 


 

Specialised ships did not enjoy the same increases as standard ships, due to a less sustained demand. Shipyards which are building these do not always have the capacity to quickly adapt to other types of ships. Other builders who have this capacity want nonetheless to keep their expertise. All in all, this resulted in prices being kept down for such ships and reduced margins for the builders, despite facing increases in their costs. For instance, the 2003 price for 145 000 cbm LNG carrier remained roughly at the very low levels of 1999, namely about $ 150/155 million.

The general increase in prices seen in 2003 could continue in 2004, given the scarcity of berths available, the depreciation of the dollar and the rise in raw materials and equipment costs. Notwithstanding, if the shipyards are fully booked, their clients are also highly committed, and to order a ship with a delivery date in 3 or 4 years time is a gamble, albeit financed by the massive windfall profits owners have extracted from charter rates, which reached all time highs in 2003. The success of these future deliveries depends for a large proportion on the strength and stability of economic growth and above all on the firmness of freight rates.
 



Shipping and Shipbuilding Markets in 2003

I N D E X

›››File
FROM THE HOME PAGE
European Commission meeting to define the strategy for the development of EU ports and maritime industry
Brussels
Call for papers by July 28th
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Rome
Messina: State Aid regime needs to be redesigned for European shipyards
In the first four months of 2025, maritime container traffic between Asia and Europe grew by +4.8%
Tokyo
-6.4% drop in shipments to Asian ports. +9.0% increase in unloading volumes in Europe
The impact on Italy of a possible closure of the maritime route through the Strait of Hormuz would be significant
Rome
The merchant fleet for energy products controlled by the Italian shipping industry interested in these traffics amounts to approximately 80 units.
Cargo traffic in China's seaports grew by +3.7% last month
Cargo traffic in China's seaports grew by +3.7% last month
Beijing
Containers amounted to 26.7 million TEU (+6.1%)
In 2024, 576 containers were lost at sea out of over 250 million transported by ships
Washington
About 200 have fallen from container ships in the Cape of Good Hope region
FMC questions deal exempting World Shipping Council companies from US antitrust rules
Washington
Meanwhile, Sola, appointed by Trump on January 20 to the presidency of the federal agency, is leaving his post today.
The European maritime-port sector nitpicks the reform of the Community customs rules
Brussels
Note from CLECAT, ECASBA, European Shipowners, ESPO, Feport and WSC
EU Council agrees on reform of the Union Customs Code
Brussels
CLECAT is concerned about the persistence of the concept of "Single Liable Person" in the text
In the first three months of 2025, freight traffic in the port of Civitavecchia grew by +2.4%
Civitavecchia
Increase of +9.9% in Gaeta and decrease of -17.1% in Fiumicino
Le Aziende informanoSponsored Article
Accelleron consolida le partnership con Somas e Geislinger per sostenere l'efficienza e la sostenibilità del settore marittimo
Japanese shipbuilding company Imabari Shipbuilding acquires control of fellow Japanese JMU
Imabari/Tokyo
Ownership share increased from 30% to 60%
WTO: New tariffs have given a boost to trade that is unlikely to last
Geneva
Recovery driven by importers who brought forward purchases in view of expected tariff increases
Terminal Investments Limited of the MSC Group acquires 50% of the capital of Barcelona Europe South Terminal
Barcelona
The transaction was authorized by the Port Authority of Barcelona
There are no implementing decrees for the SalvaMare law and Italian citizens are paying for the management of fished waste that is not carried out
Rome
The Marevivo Foundation and the Federation of the Sea report it
In five and a half years, 1,244 tons of drugs have been seized in EU ports
In five and a half years, 1,244 tons of drugs have been seized in EU ports
Lisbon
The largest quantities pass through ports in Belgium, Spain, Holland, Italy and Germany
The International Convention on Ship Recycling will enter into force tomorrow
Copenhagen
BIMCO urges EU to include Indian shipyards in EU list of ship recycling facilities
Assologistica presents the "Cruscotto" project to ensure transparency and legality in the logistics sector
Milan
Ruggerone: it is an infrastructure of trust between clients and operators
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Rome
A "Pact for the Sea" proposed with solutions to tackle overtourism for which passenger ships are not to blame
New step forward for the construction of the underground freight transport system in Switzerland
New step forward for the construction of the underground freight transport system in Switzerland
Bern
Cargo sous terrain plans to build a 500-kilometer system by mid-century
Carnival posts record earnings for March-May period
Carnival posts record earnings for March-May period
Miami
The number of cruise passengers embarked also peaked this quarter
Federlogistica, it is reckless to activate railway construction sites without a concerted plan
Genoa
Falteri: Isolating the port of Genoa from the railway network for three weeks means putting the whole of Northern Italy in difficulty
Multipurpose terminals privatized in eight Saudi ports
Multipurpose terminals privatized in eight Saudi ports
Riyadh
Four will be operated by Saudi Global Ports and four by Red Sea Gateway Terminal
Public debate launched on the project for Pier VIII in the port of Trieste
Public debate launched on the project for Pier VIII in the port of Trieste
Trieste
A total investment of 315.8 million euros is expected
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
Seoul
The possibility of building other types of ships and constructing port cranes is foreseen
Rixi: with the Omnibus decree, Phase B of the new Genoa breakwater is guaranteed
Rome
Expenditure of 50 million euros authorised for 2026 and 92.8 million for 2027
Israel-Iran conflict prompts Maersk to suspend calls at Haifa port
Copenhagen
Those at the port of Ashdod will continue instead.
Northern European Nations Commitment to Counter Russian Shadow Fleet
Warsaw
If the vessels do not fly a valid flag in the Baltic Sea and the North Sea - they specify - we will take appropriate measures in compliance with international law.
Freight traffic in French ports stable in the first quarter of 2025
Freight traffic in French ports stable in the first quarter of 2025
The Defense
Containers and liquid bulk on the rise. Increase in unloading loads and decrease in loading loads
Cognolato (Assiterminal): Today more than ever we need a coherent port policy
Rome
All the critical issues highlighted in recent years still remain open - he highlighted.
Alessandro Pitto confirmed as president of Fedespedi
Milan
The Board of Directors, the Board of Arbiters and the Board of Auditors have been renewed
A protest action by Greek seafarers is heated, with the PENEN and PNO unions launching very serious accusations, including mutual ones
Piraeus
The strike, declared illegal by the courts, blocks some ships of the Attica group in the port of Patras
Saipem awarded contract for a phosphate mining project in Algeria that includes the upgrading of the port of Annaba
Milan
The construction of railway lines is also planned
Suez Canal celebrates return of large-capacity containership transits
Suez Canal celebrates return of large-capacity containership transits
Ismailia
Today it was crossed by the vessel "CMA CGM Osiris" which can carry 15,536 teu
IMO, ILO, ICS and ITF urge protection of seafarers' rights against unjust criminalisation
London
The "Guidelines on the Fair Treatment of Seafarers Detained in Relation to Alleged Offences" were adopted in April
Trump's new tariffs also hit container traffic at the Port of Long Beach
Long Beach
In the first five months of 2025, an increase of +17.2% was recorded
Transfer of the port of Carrara from the Ligurian to the Tuscan AdSP not without a discussion with the operators
Milan
Dario Perioli, FHP, Grendi and Tarros ask for it
Up to $768 billion in investments needed to adapt world ports to rising sea levels
New York
Port of Los Angeles Feels Impact of New Tariffs on Container Traffic
Los Angeles
A decrease of -4.8% was recorded in May
Assagenti proposes a task force to solve port, logistics and industrial problems
Genoa
A "problem solver" consultative body composed, in addition to the categories of the maritime cluster, of the manufacturing industries of the North-West quadrant
Cargo traffic at the port of Singapore fell by -4.6% in May
Singapore
New crane overturned for delivery in new Tuas port area
In the first quarter of 2025, freight traffic on the Swiss rail network fell by -6.4%
Neuchatel
Service performance at 2.35 billion tonne-km, down -8.2%
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
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Ischia
Power: it is necessary to remove them from a perverse mechanism
Dutch HES International to operate bulk terminal in Marseille-Fos port
Marseille
The concession contract will have a minimum duration of 30 years
Ibiza government opposes Trasmed's overnight stay on board ferry program
Ibiza/Valencia
It is considered a "clandestine hotel", while the company defines it as a cruise service
Bruno Pisano appointed extraordinary commissioner of the AdSP of the Eastern Ligurian Sea
Rome
He will take up his post next Monday
Federlogistica proposes a comparison between operators on the congestion fee while waiting for a solution from the government
Genoa
In the first five months of 2025, container traffic in the port of Gioia Tauro grew by +10.3%
Joy Taurus
1,813,071 TEUs were handled
Trasportounito, truck waiting times in ports must be paid
Genoa
Tagnochetti: The Port Fee aims to redistribute the costs of all disruptions more equitably
Commissioners of the AdSPs of the Northern Tyrrhenian, Ionian and Western Liguria appointed
Rome/Genoa
Trade unions concerned about the future of Genoa Port Terminal workers
Political instability and green transition are the main problems that shipping faces
London
This is highlighted in the "ICS Maritime Barometer Report 2024-2025"
The new container terminal of the port of Termini Imerese presented
Palermo
Transfer of traffic handled by Portitalia to the port of Palermo
GCMD survey confirms shipping's commitment to decarbonisation
Singapore
Ports concerned about lack of certainty about demand from shipping companies
The EU Commission has re-identified Port Said East and Tanger Med as neighbouring container transhipment ports
Brussels
Road haulage extends congestion fee application to Livorno port
Livorno/Rome/Milan/Genoa
Fedespedi, they do not solve the problems, but have the only effect of increasing costs
The new Border Control Post has been inaugurated in the port of Livorno
Leghorn
The structure cost 15 million euros
The transfer of 80% of Louis-Dreyfus Armateurs' capital to InfraVia has been implemented
Suresnes/Paris
The Louis-Dreyfus family retains the remaining 20%
Port of Genoa, green light for extension of concession to Spinelli until September 30
Genoa
Ok also to the extension to the Campostano group
The National Maritime Fund has started the recognition of scholarships
Genoa
They are granted for basic training and security familiarization courses.
RFI and MIT sign the update to the program contract for approximately 2.1 billion
Rome
Around 500 million euros expected for the management of the railway network
San Giorgio del Porto delivers a vessel for the bunkering of liquefied natural gas
Genoa
It was built for Genova Trasporti Marittimi
Pisano (AdSP Liguria Orientale): the ports of La Spezia and Carrara have integrated almost perfectly
La Spezia/Bari
Extraordinary Commissioner of the Southern Adriatic Sea Port Authority appointed
Raffaele Latrofa appointed president of the AdSP of the Central-Northern Tyrrhenian Sea
Rome
He is the deputy mayor of Pisa
India's Mazagon Dock Shipbuilders Acquires Control of Sri Lanka's Colombo Dockyard
Mumbai
Investment of approximately 53 million dollars
The Commissioner of the Western Ligurian Sea Port Authority has been granted the powers and prerogatives of the Management Committee
Genoa
The measure pending the restoration of the ordinary top management bodies
The Three-Year Operational Plan 2025-2027 of the Central Adriatic Port Authority has been approved
Ancona
Favorable opinion of the Sea Resource Partnership Body
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
It will deal with the physical transformations of the container and the digitalization of processes
Andrea Ormesani is the new president of Assosped Venezia
Venice
The board of directors has been renewed. Paolo Salvaro remains general secretary
Witte (ISU): In 2024, the ship salvage sector stabilized from the low of two years ago
London
Finnish Elomatic to Install Tunnel Thrusters on 11 Carnival Cruise Ships
Turku
The works will begin next autumn and will end in 2028
The Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
Fincantieri has delivered the new cruise ship Viking Vesta to the American Viking
Trieste/Los Angeles
It was built in the Ancona shipyard
The Genoa Coast Guard has placed the container ship PL Germany under administrative detention
Genoa
Italian Navy orders two new Multipurpose Combat Ships from Fincantieri
Trieste
The order to the shipbuilding company is worth 700 million euros
MSC Group to manage cruise services in the ports of Bari and Brindisi
Bari
Ten-year concession with possibility of extension
German Kombiverkehr Returns to Profit in 2024
Frankfurt am Main
The level of revenues remained unchanged at 434.6 million euros.
Deltamarin to design the six new ro-pax vessels ordered by Grimaldi for the Mediterranean routes
Turku
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
The practice of subcontracting in European logistics is creating a parallel labour market where rights are not enforced
Brussels
"Sorry, We Subcontracted You" Report Presented
Tomorrow Grendi will launch the group's fourth ship on routes to and from Sardinia
Milan
"Grendi Star", with a load capacity of 2,800 linear meters, will connect Marina di Carrara and Cagliari
FREMM frigates operational support contract signed between Orizzonte Sistemi Navali and OCCAR
Taranto
The agreement has a total value of approximately 764 million euros
Call to reform the entire driver training system in the transport sector
Rome
Seven proposals presented
In the port of Gioia Tauro, the Guardia di Finanza soldiers seized 228 kilos of cocaine
Reggio Calabria
Two dockers arrested
Port of Livorno, new observatory to find solutions to the problem of port congestion
Leghorn
Marilli: We will seek solutions to reach the possible revocation of the port fee
Lockton PL Ferrari closed the last fiscal year with gross revenues of 34 million dollars
Genoa
Insurance premium volume rose to 350 million
Polish Trans Polonia Group acquires Dutch Nijman/Zeetank Holding
Tczew
It specializes in the transportation and logistics of liquid and gaseous products
d'Amico Tankers Sells Two 2011-Built Tankers for $36.2 Million
Luxembourg
They will be delivered to buyers by the end of July and on December 21st.
The Italian Merchant Marine Academy plans 13 new free courses
Genoa
Over 300 positions available
A delegation of Wista Italy visits the ports of Catania and Augusta
Catania/August
The association is made up of women who hold positions of responsibility in the maritime, logistics and trade sectors.
In the first five months of 2025, the port of Algeciras handled 1.9 million containers (-6.3%)
Algeciras
Empty containers decreased by -5.5% and full ones by -6.4%
Reway Group enters the port railway infrastructure maintenance sector
Licciana Nardi
Two contracts awarded by the AdSP of the Eastern Ligurian Sea
Delcomar and Ensamar take over maritime services with the smaller Sardinian islands
Cagliari
The tender for the six-year concession of the connections has been awarded
Port of Trieste, the newly appointed Gurrieri torpedoes the newly appointed Torbianelli
Trieste
Russo (Pd): it's a squalid power game
Singapore's SeaLead expands its maritime shipping offering to connect Turkey and Italy
Singapore
Route connected to services transiting the Suez Canal
The US Container Security Initiative program has been extended to Morocco
Rabat
Amrani: Let's consolidate Tanger Med's role as a safe and world-class maritime hub
Very positive first quarter for Greek Euroseas
Athens
Pittas: the positive momentum continued in the second quarter
Assonat and SACE present a plan for Italian tourist ports
Rome
Kuehne+Nagel has opened a new branch in Naples
Milan
The aim is to support the operational growth of the group in Southern Italy
RINA has acquired the entire capital of Finnish Foreship
Helsinki
The Helsinki-based company specializes in consulting in the field of marine and mechanical engineering.
Container traffic down at Barcelona and Valencia ports in May
Barcelona/Valencia
Resumption of containers in transit at the Catalan port
Annual cargo traffic in Greek ports stable in 2024
Piraeus
Domestic volumes are growing, while foreign trade is decreasing
Perplexity of freight forwarders, customs agents and maritime agents of La Spezia at the transfer of the port of Carrara to the Tuscan AdSP
The Spice
Timidly, they "hope for consideration for the progress made so far"
Francesco Mastro appointed extraordinary commissioner of the Southern Adriatic Sea Port Authority
Rome
He will take up office on June 30th.
John Denholm to be new president of the International Chamber of Shipping
Athens
He will take over from Emanuele Grimaldi in a year
Extraordinary commissioners of the two Ligurian Port System Authorities have been installed
Genoa/La Spezia
Matteo Paroli and Bruno Pisano at the helm of the institutions
Container traffic at Hong Kong port drops sharply in May
Hong Kong
1.05 million TEUs were handled (-12.7%)
Assogasliquidi-Federchimica shows the way to accelerate the decarbonization of road and maritime transport
Rome
Amadei: Our sector is ready and the time has come for courageous industrial choices
Eagle S tanker command blamed for cutting submarine cables in Gulf of Finland
Advantages
The accident was caused by the ship's anchor
Online platform to report critical issues that put transport workers at risk
Genoa
It was prepared by Fit Cisl Liguria
GNV to create a direct summer connection between Civitavecchia and Tunis
Genoa
It will run alongside the historic route via Palermo
The unification of Grimaldi's concessions in the port of Barcelona has been completed
Madrid/Barcelona
The contract expires on September 20, 2035.
In the first five months of 2025, cargo traffic in Russian ports fell by -4.9%
St. Petersburg
A decrease of approximately -12% was recorded in May
Raben Logistics Group Creates Subsidiary in Türkiye
Milan
It will have 20 employees and a 2,000 square meter cross-dock warehouse
Alberto Dellepiane confirmed as president of Assorimorchiatori
Rome
The composition of the entire association leadership remains unchanged
Agreement between Fincantieri and Indonesian PMM to develop solutions to face new unconventional underwater challenges
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
US has its eye on Greek ports
(Kathimerini)
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Structural adaptation works on dock 23 of the port of Ancona awarded
Ancona
Intervention worth over 11.8 million euros
Conference on the role of LNG and bioLNG for the decarbonisation of transport and industry
Rome
The Federchimica-Assogasliquidi event will take place on Monday in Rome
Dutch Bolidt increases presence in cruise ship sector with acquisition of American Boteka
Hendrik Ido Ambacht
Contship Italia has acquired the Genoese customs services company STS
Melzo
The Ligurian company was founded in 1985
Francesco Benevolo has been appointed extraordinary commissioner of the AdSP of the Central-Northern Adriatic Sea
Rome
He is the operations director of RAM - Logistics, Infrastructure and Transport
Montaresi resigns as commissioner of the Eastern Ligurian Port Authority
The Spice
In the eight months of administration - he underlines - we have not lost even a second
Gurrieri has been appointed extraordinary commissioner of the AdSP of the Eastern Adriatic Sea
Trieste
Pending the completion of the formal process for the designation of the president
The commissioners of the AdSP of Western Liguria have handed over their mandate to Minister Salvini
Genoa
The decision is part of the process of designation and nomination of the new leaders
Confetra criticizes the provisions of the decree-law Infrastructure for road transport
Rome
The Confederation urges the blocking of the process of appointing the presidents of the port authorities
Taiwanese Evergreen, Yang Ming and WHL saw revenue decline in May
Keelung/Taipei
The decline is accentuated for the two main companies
South Korea's KSOE wins order to build eight 15,900 TEU containerships
Seongnam
The unit value of each vessel is approximately $221 million.
First port terminal for car traffic of Greek Neptune Lines
Piraeus
It will be inaugurated next year in the French port of Port-La Nouvelle
The assembly of the association of Genoese maritime agents and brokers will be held on June 16th
Genoa
Round Table on Genoa, the hub of the North West and the Mediterranean
BN di Navigazione Board of Directors Renewed
Genoa
BluNavy aims to reach one million passengers by 2025
Viking Line designs world's largest all-electric ro-pax vessel
Viking Line designs world's largest all-electric ro-pax vessel
Åland
Record Monthly Container Traffic at Turkish Ports
Ankara
In May, almost 1.4 million TEUs were handled (+17.6%)
Sergio Landolfi has been elected president of the Customs Association of the Port of La Spezia
The Spice
The board of directors has been renewed
The ferry industry elite will attend the Interferry conference in Salerno in October
Victoria
Event titled "Connections"
Uniport launches an initiative to support ALS research
Rome
Fundraising for the NeMO Clinical Center Serena Foundation Onlus
The Propeller Club of Genoa has analyzed risks and opportunities of using AI in the maritime and insurance sectors
Genoa
The importance of training in the use of technology was highlighted
Chantiers de l'Atlantique delivers luxury cruising yacht Luminara to The Ritz-Carlton Yacht Collection
Saint Nazaire
The ship will debut in Alaska
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