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16 September 2025 - Year XXIX
Independent journal on economy and transport policy
10:49 GMT+2
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FORUM of Shipping
and Logistics



Offshore support vessels 
Coast-guard, salvage, ice-breakers
North Sea 
U.S. Gulf 
Brazil 
West Africa
Seismic market 
S.U.R.F (subsea umbilicals risers and flowlines)
Drilling market

Production market (surface systems)
Prospects 



The offshore and specialised ships markets
 in 2003

 

This past year we have seen a slowdown in the offshore industry. Once more, high gas and oil prices did not provide the incentive needed to boost exploration and production efforts due to consumption rates not living up to analysts' predictions and actually dropping from previous years. We expect to see this market downturn to continue, coupled with an oversupply of vessels through late 2004.  

With the globalisation of the offshore markets becoming more prevalent as  is the case with West Africa and Mexico, operators are now becoming more inclined to build high-tech vessels at ever lower prices. As efficiency and lower cost demand increases, operators are taking a harder look at renewing their fleets in low-wage shipbuilding countries like China and maybe soon India, to make economic sense of the low charter rates prevailing. Many key players do not see an end to these decreased rates and are strategizing to build no more or even less than the operators demand to fulfil their support requirements and still produce revenue on new capital expenditures. 

Facing the globalisation of the offshore markets and the faster pace of tonnage shifting to markets in pursuit of sustainable day-rates, operators and contractors need also to change their market stance by increasing their presence worldwide. A key condition to either access or develop market share in the prevailing West African and Brazilian offshore operations is the obligation to incorporate more and more local content.  

This is much in line with what has been successfully done in Brazil over the years. The West-African way has been to enforce joint ventures with international companies, although recently Angolan rules were amended so as to allow foreign operators or contractors to bid directly for jobs. The Mexican national oil giant Pemex deals exclusively with Mexican companies, leaving it up to them to find partners internationally. The vessel age-span for by Pemex is narrowing sharply and 2003 saw their first newbuilding-for-term-charter enquiry.
 

Offshore support vessels

The Anchor Handling Tug/Supply (AHTS) and the Platform Supply Vessel (PSV) fleet utilisation along with rates continued to drop in the main markets throughout the year with the exception of West Coast Africa. Lower drilling activities combined with lower rates and continued deliveries of uncommitted newbuildings have both contributed to this imbalance. 

Operators like Groupe Bourbon, Sealion or Vroon are now engaged in large and challenging new construction programmes in China. Vessels being built there are no longer dedicated to one single market but have been designed with versatility enabling them to get employment worldwide moving from North Sea to West Coast Africa, from US Gulf to Middle East Gulf, all the more that companies like Pemex (Mexico) requirefor all newly contracted vessels to have keel lay dates of 1997 or newer. This requirement is already in place phasing out all older tonnage as new units take their place. 
 


 

Coast-guard, Salvage, Ice-breakers

It was a good time for owners having AHTS with ice-breaking capabilities available in the Baltic early 2003. They were able to play a long and cold season assisting vessels which were frozen in for weeks on end. Damaged vessels were taken out of Russian waters on a LOF-basis and others on healthy rates. Following the environmental disasters of 'Erika' and 'Prestige' as well as the consequences of a strong winter and difficult ice conditions, it is with interest that we note the increasing coast-guard contingency in vulnerable areas.  

  • Les Abeilles International was awarded the long-term French Navy contract upon which they ordered two tailor-made UT 515 Deep Sea Salvage Tugs - 200 t bollard pull - to be built at Myklebust Mek in Norway for deliveries first half of 2005.
  • Rem'y Shipping AS did the same for the Norwegian Coast Guard with one UT 512 Deep Salvage Tug - 110 t bollard pull - to be built at S'viknes Shipyard for delivery early 2005.
  • Far Eastern Shipping Company ordered 1+1 Icebreaking AHTS with stand-by and supply class at Kv'rner Masa Yards for delivery in May 2005. These are to be chartered by ExxonMobil, operator of the Sakhalin-1 project.
  • CJSC Sevmorneftegaz ordered 1 + 1 icebreakers of the MOSS 828 MISV design at Havyard Leirvik AS. The contract value is in the region NOK 430m and the vessel is to be delivered in September 2005. 
  • Smit continued growing in size with the acquisition of the remaining 50.1 % share in URS, Unie van Redding- en Sleepdienst N.V., the leading offshore and towage operator in Belgium. This share was then sold again to Fairplay of Germany.
  • UK Maritime & Coastguard Agency took over the long term chartered 180 t bollard pull 'Anglian Sovereign' from Klyne Tugs, she is the second salvage tug of her class to join the Agency after the 'Anglian Princess'.
  • CCG, Canadian Coast Guards, will have to either refit their existing 'Louis St Laurent' (built in 1969) or to order a new vessel.
     
North Sea

The offshore oil and gas industry in Norway and in the UK struggles with low activity levels leading to substantial lay-offs of workforce in all sectors. The scenario is certainly not improved by Norway's minority coalition government struggling to find common ground on the reopening of petroleum exploration and production areas off the Lofoten islands. However, a go-ahead was given on the development of the Norsk Hydro-operated Ormen Lange field and all the major sub-contracts for this $ 10 bn project will be awarded within 2004. 

Statoil and Norsk Hydro were the big winners in Norway's latest licensing round, where 13 companies received offers for 19 production licences and 39 blocks in the North and Norwegian Seas. All of the new licences are located close to existing production infrastructure and are likely to lead to more subsea developments and exploration drilling. We hope that the Ministry of Petroleum and Energy will push the licence winners to fast-forward the work programmes for these new blocks in order to increase the overall activity in the region.  

In the support market, the spot market never gained the expected summer momentum this year, but peaked at poor levels in April with large AHTS obtaining up to $ 26,000 per day, whereas the larger PSVs were averaging $ 14,000. But the low drilling activities, combined with a constant feed of uncommitted PSV/AHTS newbuildings and a steady supply of sublet tonnage, have seen a market paying in general below the $ 9,000 per day for AHTS. 

The North Sea offshore shipyards and subcontractors, all being at the end of the chain, suffered from the lack of orders. The remains of the old orderbook emptied into an already flooded market and the overall lay-off of the labour force accelerated.  

Groupe Bourbon's share acquisition in Havila ASA was completed with a full take-over of the company in 2003 renaming it Bourbon Offshore Norway. The take-over included the PSVs and the large AHTS under construction in Norway, now most likely bound for West-Africa in a move where Groupe Bourbon draws on its increasing market presence and long experience. Towards the end of the year, BON placed a repeat order of the UT 745E multi-purpose PSVs already under construction at Aker Langsten. Prior to Groupe Bourbon's final share acquisition in Havila ASA, Havila Shipping bought out Havila ASA stand-by fleet and now consists of 10 vessels, many of which are very modern. 

District Offshore entered into an agreement with Boa Offshore to establish a 50/50 joint venture called DOF BOA AS. This new company bought the modern AHTS 'Boa Giant' and the 'Boa Hercules'. 

DOF was also busy buying the 'Northern Admiral', a large MPP AHTS built in 1999, being on a term contract to Norsk Hydro.  

'Viking Energy' and 'Stril Pioner' were delivered this year from Kleven Shipyard to Eidesvik AS and Simon M'kster Shipping respectively. These large PSVs are equipped with an innovative dual-fuel solution that burns mainly LNG for power generation
 

U.S. Gulf

Charter rates this year have hit all-time lows with lower than normal fleet utilisation as a result of the exodus of over 22 drilling rigs to Mexican and West African waters. Operators have laid up old tonnage en mass awaiting a resurgence of drilling activities which are not expected to gain momentum until late 2004. These high levels of availability have spawned aggressive pricing by owners leaving most operators wondering when the bottom will be hit. With the rig count stagnant and only a few new field development projects in the works, OSV owners and service contractors appear to be headed for a rough winter. 

US based operators have continued to strategically consolidate their fleets:  

  • the newly incorporated Rigdon Marine (Groupe Bourbon), will take delivery of its first vessel from Bender shipbuilding February 2004 with all following 9 vessels to be delivered within mid 2005,

  • Tidewater has acquired Ensco Marine boosting its fleet by  27 Gulf of Mexico vessels. They have also initiated newbuilding contracts totalling over $ 100 m for  6  AHTS, 2 FSVs, and 2 PSVs,

  • Hornbeck Offshore has acquired Candy Fleet adding an additional 5 PSVs to  its fleet,

  • Otto Candies LLC has taken delivery of 2 units from De Hoop Shipyard in Holland and also 2 PSVs from Houma Fabricators in Louisiana. Otto Candies also placed an additional order for a PSV at Houma Fabricators. All vessels are expected to work for Pemex in Mexico.

Efforts continue by US operators to lobby US Congress to pass a bill blocking foreign investment by non-US operators in US Jones Act fleets. This revised bill would also disqualify US companies from fleeing to offshore countries in order to avoid US taxes from participating in US Jones Act qualified contracts for coastal trade.
 

Brazil

The Brazilian oil company Petrobras announced this year its aggressive renewal plan of offshore supply boats serving their upstream strategy. Petrobras disclosed the chartering plans of 18 newbuildings and 21 upgraded vessels for periods of 8 and 4 year terms respectively. The newbuildings are estimated to generate revenues of $290 m to the Brazilian shipbuilding industry and an associated cost of $50 m to the refurbished vessels. 

On the horizon, Brazil has projected adding shipbuilding capacity worth a total of $ 500 m collectively in Bahia, Parana and Espirito Santo states. The country of Brazil is a flurry of hot alternative shipbuilding hubs of investments, projected new shipyards, the promising leasing of an existing government yard and the possibility of reopening 3 local yards being among the shipyard news. The local corporation Camargo Correa projects a spending of US$ 50 million in a yard located in Espirito Santo state while the Brazilian government has suggested two international shipyards, already operating in their markets, with a $ 250 m investment.  

An interesting occurrence in that respect was that NorSkan Offshore Limitada, the 50/50 j/v between DOF and Solstad, bought Trico Offshore Limitada which sole asset was a UT 722 L under construction at the Eisa shipyard in Rio against a long term contract to Petrobras.
 

West Africa

Benefiting from a steady demand from the production market, mainly in Nigeria, Angola and Equatorial Guinea, the offshore utilisation rate remained on the high side in 2003, though absorbing new tonnage, and rates remained healthy. In the best case, the spot and term rates should remain at the same average levels in 2004. 

From these above briefly described facts, one can easily deduct that the fleet of offshore vessels dedicated to production will expand further, which is why two main shipowning joint ventures Sonatide and Sonasurf have been created to cover the needs of OSV in Angola, with a third one Angobulk having been set up in 2003. These three joint ventures employ about 60 vessels offshore Angola. 

OSV owners think that more and larger PSVs will be in need off the west coast of Africa as well as dedicated offshore vessels to carry out subsea works with ROVs, this means bigger units with large accommodation and DP2.
 

Seismic market

Few opportunities arose in this market as the volume demand for 2D and 3D data also suffered from the general stagnation of the demand from the exploration sector. However the four remaining major operators have maintained their effort in R&D, and the solid streamers technology becomes a key asset to guarantee one's position.
 

S.U.R.F (subsea umbilicals risers and flowlines)

Even though in general the employment rates of key subsea construction vessels were on the high side, all contractors have suffered from the increasing imbalance between risk and reward which is evidenced by the poor financial health of several major contractors. Oil companies commercial policy has been slowly but surely leading the latter into the red area by off-loading always more and more risks and liability onto their sub-contractors.  

The industry anticipates a real slow down in 2004, which should significantly affect the utilisation rate of the major construction and pipe-lay units. As of today one can hardly expect an up-turn before 2005, which shall be automatically due to a wave of projects reaching the stage of construction completion and installation. 

West Africa and the Gulf of Mexico have again been among the best opportunities. 

Hyundai is poised to expand its construction and pipe-laying capacities in the Far Eastern market, but the lack of valuable assets should lead HHI to build some of these in their own facilities.  

Along with their new business model, Stolt Offshore is committed to sell some of  its older or non-core assets. This has proven to be somewhat difficult due to the adverse market conditions. On the other hand the same contractor is about to refurbish its LB200 lay-barge due to the installation of the 540 km of 44-inch diameter gas pipeline linking Ormen field to the Norwegian shore. 

In consequence there were no real changes in the fleet with the exception of the conversion of the Solstad 2001 built cableship, 'Normand Cutter'. She is being converted into a construction and pipe-lay vessel on a long term charter to Saipem's subsidiary Sonsub.  

The ROV service market to the production and drilling industry has considerably consolidated since Oceaneering acquired the ROV business from Subsea 7, as well as the Stolt Offshore ROV business, thus becoming an uncontested world leader. 

The fibre optical market remains very low although maintenance keeps a certain level of activity. The major operators envisage a slow up-turn by 2005 once again linked to the increase demand derived from the 'internet network and its associated technologies'.
 

Drilling market

This sector has experienced a year of "consolidation", that is to say that the 6 major drilling contractors have worked to maintain fleet utilisation rates. They have continued to cut costs and to rebuild their cash position, not only to survive another year of stagnation in 2004, but also to be prepared for the next wave of investments. Generally the market remains oversupplied with rigs in all water depth segments and all geographical areas, thus contractors hesitate to plan large, speculative and costly movements of rigs. 

In the rig construction and upgrade side, the world leader,  Keppel, has completed the acquisition of Verolme of the Netherlands. Furthermore, the company is about to open a new facility in Kazakhstan - Aktau - to cope with the Kashagan development in the North Caspian Sea. After the construction of a "mode V" jack-up rig for Transocean Sedco, one has to underline the record breaking achievement of the semi-submersible 'Maersk Explorer' built and delivered in Baku by the same rig builder. The yard is now involved in the construction of a production jack-up rig for BP.
 


 

 

Production market (surface systems)

By the end of 2003, Exxon and Sonangol announced that 16 deepwater oil discoveries (1,000/1,500 meters water depth) were made on block 15. This represents a potential to recover more than 4 billion oil-equivalent barrels, whilst Total and Sonangol have made 15 important deepwater oil discoveries on block 17. The West African offshore market was still buoyant in 2003. The immediate future for 2004 is slightly less promising as one foresees that oil companies will consolidate their production through their existing investments in deep offshore. Furthermore, majors will do their best to connect the production coming from additional wells to existing FPSO such as Rosa & Lirio fields developed by Total in Angola. All blocks should ensure a high level of activity in Angola. 

In Brazil, Petrobras issued a tender for the construction of two giant production semi-submersibles, 'P51' and 'P52', linked to a national demand for economical returns in terms of construction and operation. In 2004, Fels Setal should be awarded the first contract despite the uncertainties due to the tax regime applicable to this project.  

This year has seen the physical completion of major FPSO projects such as the 'Bonga', giant 2 million bbl, in Nigeria as well as the award by Total to a consortium headed by Technip of a contract for the construction of the 'Dalia' FPSO, a 2 million bbl. This unit will complement the giant 'Girassol' FPSO on the Total Angolan block 17.  

The BP Angola 'Plutonio', another 2 million bbl giant FPSO, should be built by HHI, whilst one expects finally Chevron Texaco Nigeria to issue its tender for the construction of the 'Agbami' 2 million bbl FPSO. 

The strong demand for general shipbuilding, combined with the slow down of the offshore demand for the construction of large surface systems, has led the HHI offshore division to steer slightly off its course by taking an order for the construction of a batch of ten Aframax ashore. 

Sakhalin-1 and 2 will continue to provide a lot of work to contractors all through the year 2004
 

Prospects

E&P spending should steadily increase in 2004 with no real impact in the offshore service markets before the end of the year 2004. Although the medium term prospects are not so brilliant, the outlook for a full recovery certainly lies in the sharp increase of the Chinese and generally Far Eastern demand for energy. CNOOC has been busy, taking significant shares in oil and gas fields located far from its local acreage of the Bohai Sea. For the first time ever the market recovery might come from the Far East.
 



Shipping and Shipbuilding Markets in 2003

I N D E X

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The first train from Belgium under the FS Logistix-Lineas agreement has arrived in Segrate.
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Dutch company Damen to build 24 naval vessels for British company Serco
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Green light for a €270 million bridging loan to the shipbuilding company.
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Genoa
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Genoa's new dam: a modification has been approved to allow for completion of work by the end of 2027.
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Antwerp
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Attack on a product tanker in the Red Sea
Southampton
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Hong Kong
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Geneva
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Seoul
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Zagreb
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Washington/Long Beach
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ThyssenKrupp shareholders approve spin-off of ThyssenKrupp Marine Systems
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Geneva
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Hupac will increase the number of weekly rotations between Busto Arsizio and Basel from five to eight
Noise
Increase in attendance from September 1st
From January 1st, new bunkering regulations will apply in the ports of Rotterdam and Antwerp.
Rotterdam
The barges must be equipped with flow meters
Maersk reports higher quarterly revenue, lower earnings
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Copenhagen
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The CIPESS has approved the final project for the bridge over the Strait of Messina.
Rome
Construction will begin this year and the project will be completed in 2032.
Container traffic at the Port of Long Beach decreased by 1.3% last month.
Long Beach
Empty containers are increasing. Full ones are decreasing.
Assoporti, the Italian ports' cruise offerings presented at the Seatrade Europe fair.
Hamburg
Giampieri: We are leaders in the Mediterranean area and in Europe
Commander Claudio Tomei, USCLAC president from 2012 to 2024, has passed away.
Viareggio
His strong commitment to improving the working conditions of Italian seafarers
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Piraeus
Passengers down by -1.1%
HD Hyundai Samho Orders Four New Container Ships
Seoul
Order worth approximately 468 million dollars
Trieste: Fraudulent bankruptcy in the shipbuilding sector
Trieste
Investigation into a company based in Palermo
Container traffic in the port of Hong Kong fell by 7.4% in August.
Hong Kong
In the first eight months of 2025 the decline was -3.8%
Container traffic at the port of Singapore continued to decline in August
Singapore
Total volume of goods increased by +1.1%
BigLift Shipping and CY Shipping order two additional heavy lift vessels
Amsterdam
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The Charthage ferry was placed under administrative detention in the port of Genoa
Genoa
A Coast Guard inspection found numerous deficiencies
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Construction delays force the maiden voyage to be postponed until March 10th.
Shell to supply liquefied biomethane to Hapag-Lloyd containerships
Hamburg
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Andrea Zoratti has been appointed general manager of Hub Telematica
Genoa
The company is controlled by Assagenti and Spediporto
Jotun and Messina sign agreement to improve the environmental and commercial performance of ships.
Genoa
The "Jolly Rosa" vessel will use the Hull Skating Solutions solution
PSA Genova Pra' announces the hiring of 25 people dedicated to container handling.
Genoa
Ferrari: International markets have changed profoundly
CMA CGM will not apply surcharges for new US taxes on Chinese vessels and Chinese services
Marseille
The rates announced by the USTR in April will apply from October 14th.
South Korean HJ Shipbuilding wins orders for four 8,850 TEU containerships
Busan
Orders with a total value of approximately 461 million dollars
Conference: "Waiting and Delays in Road Transport: Logistics in Check"
Genoa
Organized by Trasportounito, it will be held on September 26th in Genoa
GNV has inaugurated a new office in Barcelona
Barcelona
The company currently has 52 employees throughout Spain.
Port of Trieste: EU funding for two new projects
Trieste
Resources with a total value of 1.7 million euros
Filt Cgil, the Flotilla incident is serious. Dockworkers are ready to mobilize.
Rome
Union announces action if aid is not allowed to reach Gaza
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
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In the first eight months of 2025, container traffic in the port of Gioia Tauro grew by +10.6%
Gioia Tauro
2,912,943 TEUs were handled
Stena Line to buy Latvian port operator Terrabalt
Gothenburg
It handles rolling stock, bulk cargo, and general cargo traffic in the port of Liepaja.
Meyer Turku begins construction of Royal Caribbean's fourth "Icon"-class cruise ship
Miami/Turku
It will be delivered in 2027
More than one in ten maritime shipments has shortages
Washington
This is what a report by the World Shipping Council has revealed, highlighting the safety risks
Last July, traffic in the port of Ravenna increased by +3.8%
Ravenna
In the first seven months of 2025, growth was +5.4%
In the first quarter of 2025, freight traffic in Belgian ports fell by -3.2%.
Brussels
Landings down 1.3% and embarkations down 5.4%
Product tanker High Fidelity rescues 38 migrants on a drifting dinghy
Rome
Intervention in the south of the island of Crete
GES and RINA sign agreement to develop a prototype of a new hydrogen battery
Rovereto/Genoa
PSA's second phase of container terminal at Mumbai Port inaugurated
Singapore
Annual traffic capacity will increase to 4.8 million TEUs
The conference "EU ETS - Perspectives and Opportunities for Decarbonization in the Maritime Sector" will be held in Palermo.
Rome
It will be held on September 18th and 19th
Fincantieri and PGZ sign an agreement to support the modernization of the Polish Navy
Trieste
The third LSS section for Chantiers de l'Atlantique was launched in Castellammare di Stabia.
In the US, funding for wind energy development projects in ports is being cut.
Washington
Resources worth $679 million will be reallocated for port infrastructure upgrades
From January 1st, Kombiverkehr will operate the PKV intermodal terminal in the port of Duisburg.
Frankfurt am Main
It has a traffic capacity of approximately 200 thousand intermodal units per year.
Wallenius Marine and ABB form Overseas joint venture
Stockholm
The aim is to accelerate the launch of the platform of the same name for improving fleet performance.
DHL eCommerce has acquired a minority stake in Saudi Arabia's AJEX Logistics Services.
Bonn/Riyadh
The Middle Eastern company has two thousand employees
The Ministry of Infrastructure and Transport has asked the Region to agree on the appointment of Bagalà as president of the Sardinian Port Authority.
Rome
He is currently the extraordinary commissioner of the same body
CMPort's port terminals handled record container traffic in the second quarter
Hong Kong
In the first six months of 2025 the total was 78.8 million TEUs (+4.3%)
Confitarma approves the decree on advanced training for tanker seafarers.
Rome
Applause to the General Command of the Port Authority Corps
Quarterly freight traffic in Moroccan ports increases
Tangier/Casablanca
In Tanger Med the growth was +17%
The board of directors of the Genoa-based Ente Bacini has been renewed.
Genoa
President Alessandro Arvigo and CEO Maurizio Anselmo
In the second quarter, sales of dry containers produced by CIMC fell by -33%.
Hong Kong
Reefer boats increase by 57%
The Grimaldi Group has taken delivery of the Grande Shanghai
Naples
It will be used for the transport of vehicles between East Asia and Northern Europe
Chinese automaker FAW ships components to Europe by train
Changchun
Transit time reduced to 18 days compared to 45 days for maritime transport
The ART urges to verify that the investment plan and the related amortization period are consistent with the duration of the port concessions.
Turin
Opinions regarding the concession extensions requested by the Neapolitan companies So.Te.Co. and Co.Na.Te.Co.
The assets and fleet of the Spanish Armas Trasmediterránea will be sold to Baleària and DFDS
Las Palmas/Dénia/Copenhagen
Two agreements worth €215 million and €40 million respectively have been signed.
Italian State Railways (FS), investing €70 million to install the ERTMS system.
Rome
Work has been completed on 382 Trenitalia trains, while the retrofitting of 60 locomotives from Mercitalia Rail, an FS Logistix company, is underway.
MPC Container Ships' quarterly revenue returns to growth
The second quarter of 2025 was closed with a net profit of 78.1 million dollars (+20.5%)
Plans to build two container customs areas north and south of the Suez Canal
Cairo
Fourteen of the 48 abandoned shipwrecks in Catania port have been removed.
Catania
The activity will be replicated in the port of Augusta
The Regional Administrative Court (TAR) has confirmed the validity of the tender for the new Ravano Terminal in the port of La Spezia.
La Spezia
DP World's port terminals handled record quarterly container traffic
Dubai
Revenues grew by 22.2% in the first half of 2025
In the quarter April-June the volume of rolling stock transported by Höegh Autoliners increased by +9.0%
Oslo
Sharp increase (+46.6%) of vehicles from Asia
South Korea's HD Korea Shipbuilding & Offshore Engineering acquires Vietnam's Doosan Enerbility
Seongnam
It manages an industrial area with its own port facility
Container traffic in the port of Algeciras grew by 6.6% in July
Algeciras
In the first seven months of 2025, a decrease of -2.9% was recorded
In July, the port of Valencia handled 488,000 containers (+6.7%)
Valencia
Increase driven by growth in empty containers
Salvini has appointed Annalisa Tardino as extraordinary commissioner of the Western Sicilian Sea Port Authority.
Rome/Palermo
The President of the Sicilian Region announces the appeal against the provision
The materials dredged in the ports of La Spezia and Carrara will be used for the construction of the new breakwater in Genoa.
Genoa/La Spezia
Agreement between the two Ligurian Port System Authorities
X-Press Feeders denounces authorities' failure to acknowledge responsibility in the X-Press Pearl accident
Singapore
According to the company, the Supreme Court ruling ignores international maritime law
Cargo traffic in Russian ports remained stable in July
St. Petersburg
In the first seven months of 2025, loads decreased by -4.6%
Container traffic in the port of Hong Kong decreased by -6.5% in July
Hong Kong
A decline of -3.7% was recorded in the first seven months of 2025
In July, the Port of Singapore set a new all-time record for monthly container traffic with 3.9 million TEUs.
Singapore
In terms of weight, containerized cargo decreased by -3.6%
Compensation to be paid by the Civitavecchia Port Authority in the Fincosit case has been set at €1.5 million.
Civitavecchia
Latrofa: The ruling allows the release of set-aside sums that have frozen the budget for years.
Germany's HHLA posts record quarterly revenue
Hamburg
In the second quarter, the group's port terminals handled 3.2 million containers (+7.9%)
In the first half of 2025, CK Hutchison's port terminals handled 44 million containers (+4.0%)
Hong Kong
In the quarter April-June the Wallenius Wilhelmsen fleet transported 14.8 million cubic meters of rolling stock (-0.5%)
Lysaker
Revenues down by -0.7%
In the second quarter, Montenegro's ports handled 670 thousand tons of goods (+0.6%)
Podgorica
Volumes with Italy amounted to 154 thousand tons (+53.1%)
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
Conference: "Waiting and Delays in Road Transport: Logistics in Check"
Genoa
Organized by Trasportounito, it will be held on September 26th in Genoa
The conference "EU ETS - Perspectives and Opportunities for Decarbonization in the Maritime Sector" will be held in Palermo.
Rome
It will be held on September 18th and 19th
››› Meetings File
PRESS REVIEW
Korean Firms Reassess U.S. Investments After Mass Immigration Raid
(The Korea Bizwire)
Russia's infrastructure development plan aims to build 17 marine terminals by 2036
(Interfax)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
With the arrival of the first container ship, the testing of operational procedures at the Rijeka Gateway begins.
The Hague
The first commercial ship is expected on September 12th
A proposal to bring the port of Taranto back onto global container routes? Start a discussion table.
Taranto
Meeting on the status of freight traffic
Port of Ancona: Tender for demolition of fire-damaged Tubimar warehouses
Ancona
The expected duration of the works is four and a half months
Merger of the German MACS and Hugo Stinnes, both active in the MPP vessel segment
Hamburg/Rostock
Stinnes headquarters in Rostock to close by December 31
In the second quarter, freight traffic in Albanian ports grew by +2.9%
Tirana
There were 331 thousand passengers (+13.6%)
A.SPE.DO, operationalizing the Smart Terminal to increase the competitiveness of the port of La Spezia.
La Spezia
ING loans to Premuda for over 100 million dollars
Milan
Funds for the management buyout and the purchase of two product tankers
Sallaum Lines has taken delivery of the first of six Ocean-class dual-fuel PCTCs
Rotterdam
The ship was completed four months ahead of schedule
First meeting of the new Management Committee of the Western Ligurian Sea Port Authority
Genoa
Several measures approved, including those for CULMV and CULP staff
Euroports to operate a new liquid bulk terminal in the French port of Port-La Nouvelle
Beveren-Kruibeke-Zwijndrecht
It is expected to become operational in 2026
In the second quarter, freight traffic in the port of Ravenna increased by +2.6%
Ravenna
Growth of 0.6% was recorded in June. An increase of 4.8% is expected in July.
OsserMare presents five reports on the marine economy
Rome
They focus on a specific sector supply chain or aspect of it
Port of Naples: Road haulage operations resume
Naples
Resolution meeting between institutions, operators and trade associations
ICTSI again reports record quarterly financial and operating results
Manila
Global Ship Lease Reports Record Quarterly Revenue
Athens
In the April-June period, net profit was 95.4 million dollars (+8.4%)
Vard receives new order from North Star for two hybrid SOVs
Trieste
Contract worth between 100 and 200 million euros
The Panama Shipping Registry will no longer accept the registration of oil tankers and bulk carriers over 15 years old.
Panama
Measure to counter the use of the shadow fleet
Danaos Corporation reports record quarterly revenue
Athens
The April-June period closed with a net profit of 130.9 million (-7.3%)
New customs fast corridor between the port of La Spezia and Interporto Padova
Padua
It adds to the other three already active on the same route
ICTSI to operate Indonesia's Batu Ampar Container Terminal
Manila
It is located on Batam Island
Pino Musolino has been appointed CEO of the Alilauro shipping company.
Naples
He replaces the resigning Eliseo Cuccaro
In the second quarter, DIS' time charter revenues fell by -37.1%.
Luxembourg
Net income was $19.6 million (-70.5%)
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