testata inforMARE
Cerca
07 July 2025 - Year XXIX
Independent journal on economy and transport policy
03:19 GMT+2
LinnkedInTwitterFacebook
FORUM of Shipping
and Logistics



The Tanker market in 2003
 

Crude oil transport

 

Freight market  
        VLCC 
        Suezmax 
        Aframax 
Prospects 
The second-hand market
        VLCC 
        Suezmax 
        Aframax & Panamax 
        OBO 
The outlook 

see also : The transport of refined oil products


At the end of 2002 certain notorious events led one to believe that during 2003 freight rates risked experiencing a continuous decline. 

Thus, whilst the economic climate remained morose within the industrialised countries, the American intervention in Iraq seemed inevitable. At the same time the Venezuelan crisis in addition to the cut in production quotas by OPEC members, made for a grim prospect for owners. 

To reinforce this pessimism, the impact of the 'Prestige' accident promised to lead to a round of drastic measures for older vessels and to further justify a policy of massive orders of newbuildings. 

As we shall see later in the analysis of the different freight rates, the very strong rises in the last quarter of 2002 carried through into the first quarter of 2003 before beginning a steady decline until the fourth quarter, which then saw a strong rebound in freight rates across the board. Consequently, as a whole, the year 2003 was characterised by very firm average rates, often approaching the records of 2000. 

However on a global view, the results of the past year are particularly mixed. Whilst growth has remained extremely limited in Western Europe, one has witnessed a distinct improvement within the US during the second half. 

Elsewhere, emerging countries such as China with a 7 to 8 % annual GDP growth, but also India, have today become particularly influential countries and dominant players in the realm of energy transport


 

The development of freight rates over the year

As can be seen in the various tables which follow, there has been a highly volatile market. If 2002 can be seen to have had a sharp decline in the first three quarters followed by a sharp rebound at the end of the year, 2003 has been far more variable. 

The first and last quarters were characterised by a marked tightness in rates, whilst the second quarter saw a progressive drop in activity and levels, to the extent of reaching rock bottom prices during the third quarter. 

An analysis by sector helps to understand the reasons of such variations, and will allow us to try to make some short and medium term projections. 

However, before studying in detail each of the three principal categories of crude oil transport, we should briefly examine the major change which intervened within the chartering practices and which were confirmed in 2003. The impact of the 'Prestige' incident has definitively and radically transformed the attitude of players in the market, even though the main owners had largely modified the regulations since the 'Erika' incident: with a more rigorous policy of selection ('vetting'), a priority for double-hulled vessels, etc. 

A number of producing and consuming countries have also begun the process this year of officially adopting these measures. As an example, countries such as Tunisia, Algeria, and Morocco have suddenly switched from a somewhat liberal chartering policy to a stricter supervision and, as from now, will only accept vessels less than 15 years old into their ports. 

And finally the European Community, largely bypassing the previous decisions of the IMO in the progressive elimination of old vessels, has forbidden as from October 21st single-hulled vessels carrying fuel oil or heavy crude into its ports. 

The combination of these measures, bringing into line steps already taken by the US, only serves to increase the gap with countries of the Middle East and the Far East. As we shall see in our conclusion, this is likely to be a temporary situation and we shall probably witness a general uniformity of security measures in the years to come.
 

The strong surge in rates during the last quarter of 2002 was due to several factors: the expected American intervention in Iraq, the traditional period of building up stocks, and the repercussions of the 'Prestige' story. 

These factors prevailed throughout the first quarter of 2003, before beginning a steady decline at the end of the advance of American troops in Iraq.

Freight rates then were particularly affected during the summer with returns below $20,000 per day, without however hitting the lowest levels experienced in 2002. 

As from September, assisted by an increase in demand, an excess over OPEC's production quotas and the restart of Iraq exports from the Gulf, rates began to rise strongly. Variations started to become erratic with considerable fluctuations from week to week. Consequently dependent on specific demand, one saw levels changing within days from WS100 to WS52.5 for voyages to the West, then jumping to WS120 in less than 10 days! 

As a result, over the whole of 2003 and on the three routes that we use as reference, the average return of a modern VLCC was $52,000 per day whereas it was only $22,500 per day in 2002. 

We noticed a marked increase in the trend already noted in our last two reports, namely a shortening of voyages with a smaller share of movements Middle East Gulf / West, a strong increase in voyages Middle East Gulf / East (and in particular to China) and an increasing market share of movements from West Africa, with again a greater proportion of traffic moving East and notably to India. 

With respect to the evolution of the fleet, today we can count 445 VLCC / ULCCs, of which nearly 60% are less than 10 years old and are therefore double-hulled. 74 new units are due to enter the fleet in the next 2 years. 

Despite these figures and the 'risk' of seeing orderbooks fill up again in 2006, as we shall see in our conclusion, this does not automatically imply a discrepancy between supply and demand such as we have seen in previous years'

The results of the past year are similar in all respects for this category of tankers to those of the larger size. Even if the wild variations have not been so evident as with the VLCCs, the fluctuation in the graphs corresponds to the same factors. 

In the wake of the last quarter of 2002, the first three months of 2003 enjoyed strong levels before starting a steady decline and reaching the bottom during the summer. A sustained demand in transport across all geographical zones during the last quarter saw levels jump back up to record highs.

Even more than in previous years, one can see evidence of the major role played by the Mediterranean market. Despite the temporary stoppage of Iraqi exports from the Turkish terminal in Ceyhan, the share of movements from the Black Sea has become preponderant and the opening of new terminals has considerably increased export volumes.  

This recurrent new phenomenon, the conditions imposed by the Turks concerning the transit of the Dardanelles and the Bosphorus, today distort the balance of this market. Consequently with the coming of winter and bad weather, the restriction of daily transits to three units of more than 200 metres, for each direction and for each of the two straits, results in real bottlenecks. With the return voyage stretching beyond 20 days in winter months, the market is totally disrupted. 

It is no longer just a question of demand causing a rise in rates, but purely and simply a matter of limited supply. This artificial phenomenon also strongly affects the Aframax market as we shall see later and can only be resolved progressively with the coming into service of oil pipelines feeding directly into the Mediterranean. 

Even though voyages are relatively short, one can note a considerable improvement in returns for owners. Thus, on a Sidi Kerir/Fos voyage, the average rate for 2003 has been WS153 for an equivalent time charter rate of $50,600 per day. By comparison the levels were only WS102 and $27,475 per day over the period 2001/2002. 

The major role played by VLCCs today in West African exports, makes this market somewhat hazardous for Suezmax owners. Nonetheless, the American economic recovery has allowed for an increase in movements and rates at the end of the year. This has helped stop the drop in freight rates seen in the 2nd and 3rd quarters and to produce an average annual rate of WS135 for a West Africa/Gulf of Mexico movement, with an equivalent time charter of $35,000 per day (respectively WS110 and $29,830 in 2001, and WS79 and $18,270 in 2002.) 

The other notable phenomenon has been a strong rise in demand for such sizes out of the Middle East Gulf. Faced with a temporary shortage of VLCCs at the end of the year and healthy freight rates, some owners even went to the point of dividing cargoes into two lots of 1 million barrels. On voyages to the Far East, rates for modern vessels went up to around WS165/170, whereas for the same period in 2002 levels were WS100/110.

The Aframax category has also largely benefited from the overall good level of activity and has registered throughout all geographical zones freight rates well in excess to those of the previous year. 

In the European zones (North Sea and Mediterranean), the confirmation of tighter security measures taken both by the charterers as well as the governments themselves has largely contributed to this improved situation. 

Once again, we can observe a general evolution of rates in line with those of the larger categories. The only critical period for owners was during the summer with daily returns averaging around $10,000 per day. However, on the two voyage routes as shown in the hereafter graph, one can see that the average return for a modern vessel was $42,300 per day over the year. 

In respects to the North Sea market, it is important to point out the preponderant role played by Russian exports out of the Baltic. As this is a zone particularly subject to ice conditions in winter, the few ships, which carry the classification norms of 1A and 1B, help push the rates to extreme levels and have a knock-on effect for all other movements.

The Mediterranean market, as for the North Sea, is largely dominated today by the presence of modern double-hulled vessels (more than 85% of ships regularly in this zone). The older tankers, if they have not been demolished or sent East of Suez, are still chartered by certain Russian companies (but for how long now?). 

If a balance between supply and demand remains a critical objective in order to judge the level of a market, one must nonetheless note the growing consequences of the measures taken by the Turkish government on the question of the transit of their straits. Thus, in parallel with a strong increase in demand for exports from the Black Sea, the phenomenon of saturation in movements around end 2002 / early 2003 was again experienced as from October 2003. The resulting delays tend to increase the movements out of North Africa and, taking advantage of the artificial shortage of tonnage, owners rack up substantial profits' 

The Caribbean market remains closely linked with the economic situation of the US. On the typical 70,000 tons movement Caribbean/Gulf of Mexico, the market which was at its lowest at the beginning of the year, reacted very quickly to the Iraqi and Venezuelan crisis during February and March, to hit very high levels, WS395 for an equivalent time charter of $73,750 per day and then plunged rapidly. As for other size of tankers, the summer months were particularly dull and rates plummeted to average only $18,000 per day during the months of July and August. The effect of the American economic revival at the end of the year had an immediate effect on rates, which have hardly stopped rising right up to the end of the year. 

Finally, on the Middle East Gulf / Far East movements, the predominance of old vessels weighs down on freight rates. Only the influence of the strong rise in rates which VLCCs and Suezmaxes established at the end of the year, enabled average levels to improve and to reach WS167 or $27,400 per day for the whole of 2003.

Short and medium term prospects

It is worth noting that despite strong increases in rates, which owners have been enjoying in 2003, this has not incited them to abandon the spot market to engage in longer term contracts. 

For example, one can estimate that for modern vessels during the last quarter, the minimum rate required for a 2 year time-charter would work out as follows: VLCC $32,000 per day, Suezmax $25,000 per day, and Aframax $22,000 per day. 

As a consequence of the improvement in rates to some extent, but above all of the rejuvenation of the fleet, the figures for scrapping are lower than the two previous years.
 


 

Numerous observers might believe that because orderbooks are full up to 2006, there is a risk of imbalance and consequently a potential fall in rates. Between 2004 and 2006, 74 VLCCs, 70 Suezmaxes, and 151 Aframaxes should enter the fleet. 

Despite these figures we believe that at least up until 2006, average freight levels should not suffer substantial drops. 

Outside the impact of global economic factors and the probable evolution of energy needs, two items in particular lead us to believe that such a prospect is justified: 

The dramatic accident of the 'Tasman Spirit' in Karachi, even if no responsibility can yet be objectively placed on the vessel itself, will almost certainly have consequences on the overall control of tanker movements within this geographical zone. 

Being increasingly conscious of the maritime safety measures already adopted by Americans and Europeans, a good number of countries in the Middle East and Far East today are beginning to realise the extent to which they are burdened by a high proportion of old vessels. One should therefore expect to see the introduction of stricter measures on maritime security in this area in the months to come. Thus, a not negligible number of new ships will tend to stay in these zones replacing the older ones, which will be scrapped. 

In conjunction with this situation, it is interesting to compare the figures, indisputably impressive, of the renewing of the world fleet with the evolution of stricter chartering policies, which are being imposed on market players. If we take into account the evolution of the main criterion of choice of charterers, we can compare, in following graph, the evolution of what we can qualify as 'eligible fleet'. 

At the end of 1998, the principal charterers only applied one criterion of age (25 years old) in order to eliminate, in theory, ships at most risk. From the end of 2000 till the end of 2002, this age limit was reduced to 15 years. As from 2004 the main charterers are only prepared to be involved in double-hulled units. 

This graph speaks for itself and shows that the programmes for a massive renewal of the fleet does not, for the moment, pose a major risk on the imbalance of the market. As a result, with the exception of the Aframax fleet, which will recover a very high level by the end of 2006, the growth of the whole of the 'eligible fleet' remains relatively moderate with regard to the foreseeable growth in demand.
 


 

If one adds to these objective criteria the probable prospects of an increase in the energy needs, notably of the emerging countries, nothing prevents one from being able to contemplate a favourable climate for owners prevailing for the next two to three years.
 



Shipping and Shipbuilding Markets in 2003

I N D E X

›››File
FROM THE HOME PAGE
German government allocates 400 million euros to support energy transition in maritime-port sector
Over 78 million euros to the ports of Augusta and Taranto for offshore wind
Rome
Funds distributed over three years starting from 2025
In the first three months of 2025, freight traffic in the port of La Spezia fell by -9.4%
The Spice
At the Marina di Carrara port, a growth of +3.7% was recorded
Ruote Libere denounces the loosening of anti-mafia controls in the road transport sector
Modena
Franchini: Minister Salvini's obsession with the construction of the Strait Bridge, even at the cost of widening the controls
Italy's connection index to the global network of containerized maritime services has fallen for the fourth consecutive quarter
Italy's connection index to the global network of containerized maritime services has fallen for the fourth consecutive quarter
Geneva
PLSCI indices of the main national ports on the rise by container traffic volume
A bill has been approved to prevent the management of Corsica's ports and airports from going to private companies
Paris
It provides for the creation of the Établissement Public du Commerce et de l'Industrie
In India, it is planned to designate at least one tugboat in major ports for emergencies at sea
Mumbai
Currently this is only happening in the ports of Mumbai and Chennai.
HMM and CMA CGM Total Terminal International Algeciras Expansion Project
Seoul
An investment of 150 million euros is planned. The capacity will be increased to 2.8 million teu
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
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
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
Pessina (Federagenti): Northern European logistics system is struggling. Let's take advantage of it!
Rome
Unexpected opportunity - he underlines - for the Mediterranean ports and Italian ones in particular
MSC Cruises Joins Carnival and Royal Caribbean in Capitalizing on Grand Bahama Shipyard
Miami
Negotiations underway since the end of 2024 have been successfully concluded
At The International Propeller Clubs the Dorso Award for the Mediterranean area
Naples
In recognition of the primary role played by logistics operators in Mediterranean traffic
ABB Signs Service Agreement with Royal Caribbean Cruise Line
Zurich
It has a duration of 15 years and covers 33 ships in the fleet.
P&O Maritime Logistics (DP World Group) to acquire 51% of NovaAlgoma Cement Carriers
Lugano
Nova Marine Holding and Algoma Central Corporation will retain 49%
Stable freight traffic in the ports of Genoa and Savona-Vado Ligure in May
Genoa
A decrease of -2.4% was recorded in the Ligurian capital's airport; a rise of +7.2% was recorded in the Savona airport
Consilium Safety Group Expands Presence in Türkiye and Maritime Market
Gothenburg
Ares Marine acquired
The first InnoWay freight railcars have left the Bagnoli della Rosandra plant
Fincantieri has opened a new Innovation Antenna in South Korea
Seoul
It is located in the heart of Seoul's technology district.
The commissioners of various AdSPs also assume the powers attributed to the Management Committees
Rome
Provisions for the port authorities of the Ionian Sea, the Central-Northern Adriatic Sea, the Eastern Ligurian Sea and the Northern Tyrrhenian Sea
Ferrara-based INCICO acquires Italiana Sistemi and focuses on transport engineering
Ferrara/Naples
It specializes in infrastructure and plant engineering in the railway and road sectors
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Hupac announces expansion of Duisburg-Singen shuttle with connections to Italy
Noise
Daily departures will be made
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
Witte (ISU): In 2024, the ship salvage sector stabilized from the low of two years ago
London
Andrea Ormesani is the new president of Assosped Venezia
Venice
Board of Directors Renewed. Paolo Salvaro Remains General Secretary
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
MSC Group to manage cruise services in the ports of Bari and Brindisi
Bari
Ten-year concession with possibility of extension
Italian Navy orders two new Multipurpose Combat Ships from Fincantieri
Trieste
The order to the shipbuilding company is worth 700 million euros
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
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
In the port of Gioia Tauro, the Guardia di Finanza soldiers seized 228 kilos of cocaine
Reggio Calabria
Two dockers arrested
Call to reform the entire driver training system in the transport sector
Rome
Seven proposals presented
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.
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
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
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.
Kuehne+Nagel has opened a new branch in Naples
Milan
The aim is to support the operational growth of the group in Southern Italy
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
Assogasliquidi-Federchimica shows the way to accelerate the decarbonization of road and maritime transport
Rome
Container traffic at Hong Kong port drops sharply in May
Hong Kong
1.05 million TEUs were handled (-12.7%)
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
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
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio
No part may be reproduced without the express permission of the publisher
Search on inforMARE Presentation
Feed RSS Advertising spaces

inforMARE in Pdf
Mobile