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09 May 2025 - Year XXIX
Independent journal on economy and transport policy
21:32 GMT+2
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FORUM of Shipping
and Logistics



The Liquefied Petroleum Gas shipping market
in 2004

Out of the doldrums to a sharp and sustained recovery
 


Significant events 
Situation by ship size: 
   - VLGC
   - LGC
   - Mid-size
    - 8 000/22 000 cbm
    - 8 000 cbm and less
Prospects
The second-hand market


Significant events

At the same time last year, we drew a comparison between the different shipping markets with the take-off of the oil and bulk sectors compared to the depressed state of the LPG sector over the recent years, marking a significant break in the respective evolution of these markets.

We also evoked the main readjustments, which were already taking place, susceptible of causing a reversal of this trend and bringing about a revival in this specialised shipping segment.

All these factors became more pronounced throughout the course of 2004 and gave rise as from May / June to a sharp jump in freight rates, for all sizes, both on the spot as well as on time charter market.

The main evolutions, of which some have been in evidence for several years, can be described as follows:

  • Joint-ventures and pool agreements between owners and ship operators, leading to an optimisation of operations and a higher specialisation by groups of operators within the various categories of ship sizes and specific trade routes.
  • The cross-purchases of ships, or even whole fleets, within the smaller sizes.
  • A slow-down in newbuilding orders over the last few years, given the poor returns on investments in the gas shipping sector. Even if we have seen a correction during the last six months within the liquefied gas sector, shipyards' orderbooks are now sufficiently filled-up with orders of other ship types from sectors which have been riding high over the last two to three years (LNG, bulk carriers, and tankers). As of now, the lack slots availability in the yards does not allow any further deliveries before end 2007 / beginning 2008, thus not before another three years!
  • Demolition remained at the same limited pace as last year but with even higher values given the price of steel. The hurdle of $ 400 per lightweight ton has been surpassed, putting the value of a 75,000 cbm VLGC of 25 years or more at nearly $8 million apiece! Since the beginning of the year some 19 units have been sold for demolition for a total capacity of nearly half a million cbm.
  • A sustained surge of imports to North America linked to the constant appreciation of natural gas price which have reached a level near to $ 8 per mmbtu last November.
  • An expansion in LPG and ammonia production and the long-awaited revival in petrochemicals, after the depression of the last few years, linked to an increase in deep-sea trade affecting voyage lengths and demand expressed in tonne-miles.
  • A burst of imports into developing countries, such as China with its enormous population, making it susceptible to an impressive growth of such magnitude that it should spill over in the short and medium terms to a redistribution of major trades and economic movements in the world.
  • A depreciation of the dollar against other currencies, resulting in the necessity to give more dollars for the same front values.

Most of these trends have been building up over some time, but the year 2004 saw the confirmation of these expectations at such an accelerated rhythm that even the most astute forecasters have been confounded.

We shall not dwell in detail on the reasons for such a market correction, largely anticipated, but rather on the extent of this new situation and the consequences that might develop from such a change in situation.

***

In line with the freight market, which saw a steady rise but more pronounced as from the third quarter, product prices also underwent a very strong appreciation right throughout the year. This increase gathered pace particularly in the second half, with highly volatile variations which allowed arbitrage movements between East and West. The threshold of $ 500/t was crossed at the end of the year for LPG C&F sales into the Far East!

Our annual table showing the evolution of price levels for the main oil and gas related products over the last three years shows:
 


 
Shipping and freight levels in all sizes saw a marked increase as from the middle of the year and especially towards the end of the year.

We would point out that these average freight rates (in time charter equivalent of spot voyages) exclude any eventual ship's idle time (awaiting employment between voyages) and are neither representative of net profit for owners operating their ships on the spot market, nor of the long term transactions (two years or more).
 


 

 

Gaschem Baltic
8,600 cbm, built in 2004 by Severnav, operated by Gaschem

Situation by vessel size

 

A strong variation in spot freight rates characterised the first half of the year, leading to tighter and more stable levels in the second half.

Starting around $ 30/t on the Middle East / Japan route at the beginning of the year, rates went over $ 40/t and then approached $ 48/t in October, with a critical peak period between June and September. A slight easing was felt as from November, but the level remained slightly above $ 40/t at the end of December. These spot rates represent equivalent monthly time charter rates between $ 700,000 and $ 1,200,000 with a year average of about $ 850,000.
 


 

The firmness of the naphtha market was again a determining factor throughout the whole year, with the returns on naphtha voyages substantially surpassing those of an LPG equivalent, thus providing 6 to 10 VLGCs being employed in this market.

Four units from the 1970's were scrapped at twice the price levels of the preceding year, thanks to steel prices remaining high.

13 new orders were registered during the year for delivery between end 2006 and 2008 at prices over $ 70 million for the latter orders.

The entry of AP Moller into this sector was signalled with their order of four 82,000 cbm in Korea for delivery in 2007 and their subsequent commitment for a three-year charter of the VLCG 'Oriental Queen' -82,000 cbm- delivered to Unique Shipping in September 2004.

Market prospects in this size category remain positive for several years to come, but we cannot avoid to signal the risk of seeing again an imbalance, if the pace of new orders were to intensify or even to remain steady at the same rate as the last few months.

The big jump in newbuilding costs and the late delivery dates might however limit such a development or at least give rise to some reconsideration of market assessments.
 

This segment size which had already fared well last year, improved strongly throughout 2004 to reach occasionally monthly time charter rates of nearly one million dollars on some voyages, with the average being around $ 800,000 per month.

These units, mainly employed on the major ammonia and LPG trade movements, benefited from the strong revival of exports of these two products to North America: ammonia due to the steady and sharp rise in the price of natural gas, from which it is derived, with a consequent drop in local production, and butane / propane due to the arbitrage which the price fluctuations within Europe, the Middle East and the US allowed.

Four newbuildings of 59,000 cbm were delivered respectively for Sonatrach, Solvang, and Yara, whilst two more are due to be delivered to Sonatrach and Yara in the course of 2005.

Bergesen sold two 53,000 cbm units, built in 1973 and 1979, for demolition.

Whereas the delivery of 10 newbuildings spread out between 2003 and 2005 might have led one to expect an occasional marginal overcapacity, it seems that the scrapping of the older units combined with the recent recovery of the market has allowed for a good balance, and even a slight improvement in the demand for these ships. All of this was supported by the firmness in the VLGC market and the contribution from the naphtha market.
 

A good vintage for this category of vessel confirming earlier expectations, with a steady progress and satisfactory results for owners.

It is nonetheless worth underlining that the consequences of the market's recovery as from the summer was less obvious in this size segment than in the others. A particularity we can attribute to the fact that this category had already registered far better results comparatively to the others since several years.

From a level of around $ 575,000 in November 2003, the monthly time charter rate (equivalent t/c for spot voyages or short period t/c) for 24,000 to 35,000 cbm ships averaged at around $ 775 000 in 2004.

The main ammonia trade routes are highly demanding this type of ship with a solid growth in transatlantic movements, as well as the Black Sea and the Middle East Gulf to Indian Ocean and inter Asia.

With only 30 %, the share of LPG in this segment is declining. The average idle time due to non-employment in this sector is now below 6 % whereas it was still over 14 % in 2003.

Contrary to what we expected last year, the stability of the market during the last few years and increased production forecasts, have triggered a mini-explosion in new orders for ships with a 35,000 to 38,000 cbm capacity for delivery between 2006 and 2007 (for account of K Line, Zodiac, Iino, Unique/Itochu, Bakri, and Sovcomflot). These eleven orders came on top of five 38,500 cbm ships ordered since last year for delivery in 2005 and 2006, which makes a total of 16 units coming into service between end 2005 and 2007.

It should be noted that the last 35,000 cbm ships were ordered at over $ 50 million per unit, whereas the previous orders inked in 2003 were done at just over $ 40 million, thus representing an increase of 20 %. One should however remember that the depreciation of the dollar since September 2003 has been of around 20 %, a detail which should not be ignored in analysing price rise or increase in freight rates.
 


 
Jessie Maersk
35,559 cbm, built 1991 by Hyundai H.I., owned by A.P. Moller
Among all the size segments, this category has been the first to benefit from the market revival. The chemical gas sector, and more particularly ethylene and propylene, were the principal driving force of this recovery. There were a few promising indications at the end of 2003 which were confirmed and then helped transform and amplify this trend as from July.

Most ethylene carriers which previously were forced to find alternative employment in LPG returned to their normal trade where the deepsea voyages have multiplied, giving a substantial increase in demand expressed in tonne-miles.

We have seen a lively recovery in exports of ethylene and propylene out of the US into Europe and Asia, an increase in movements from the Middle East to Asia and more arbitrage positions being taken out of Europe to Asia. Additional movements from Asia to Europe have been motivated by the pressure on product prices resulting from shutdowns of crackers, planned or not, within the different geographical areas.

All these simultaneous movements created a tremendous pressure on demand, causing spot freight rates to hit levels never seen before, with increases of up to 70 %.

  • about $ 300/t for propylene lots of 6,000 to 8,000 mt from the U.S. to Asia
  • up to $ 180/t for ethylene in 2,000 to 4,000 mt lots from the U.S. to Europe
  • up to $ 250/t for ethylene in 4,000 to 5,000 mt lots from S.E. Asia to Europe
  • about $ 350/t for butadiene in 3,000 to 4,000 mt lots from Europe to Asia.

Most charters were renewed for 2005 at levels ranging from 30 to 50 %, depending on the size and trading route. Some owners or operators had to refuse taking on new contracts due to a lack of potential tonnage. A first for several years!

At the same time, the LPG activity was equally well supported by the arbitrage movements between Europe and the U.S. caused by the huge volatility of LPG prices in turn affected by the variations in oil prices.

Time charters were also greatly influenced by the market's recovery as from the middle of the summer and the majority of renewals for period business saw somewhat less pronounced increases ranging between 25 to 30 %.

On the newbuilding front, two orders of 22,000 cbm semi-ref were signed by Sonatrach/Hyproc with Namura for delivery in 2007/2008, two 16,000 cbm ethylene carriers were ordered by the Taiwanese Formosa Plastics with Jiangnan in China for delivery in 2006, whilst Lauritzen Kosan decided at the end of the year to order four 8,000 cbm ethylene carriers with INP in Korea for delivery in 2007.

A vessel of 15,000 cbm built in 1976 was sold for scrap at the beginning of 2004.

In the same period, Sigloo (with a majority control by Camillo Eitzen) purchased seven 8,000 to 12,000 cbm ethylene carriers built in the 1980's, which Bergesen was looking to dispose of for quite some time, for a total value of around $ 75 million.

Given the general optimism prevalent in the petrochemical sector (new productions, increase in consumption and demand in Asia) and the little addition of newbuildings tonnage over the next two to three years, the market for this size sector should remain very sustained in the coming years.
 


 

Hermann Schulte
5,673 cbm, built in 1980 by Meyer Werft, operated by Dorchester Marine

Same causes, same results! Except that the market level for this size range was extremely weak over the previous two to three years, so that the recovery has been even more significant, compared to the other segment.

The increase in demand was felt right at the start of the year and then gradually developed during the first half. It was even more noticeable in the second half, both for semi-pressurised as well as pressurised ships.
 



 

A 3,500 cbm pressurised carrier was being traded at an equivalent time charter monthly rate of $ 130,000 to $ 140,000 at the beginning of the year, whereas the same vessel was trading at a level of $ 250,000 to $ 275,000 at the end of the year.

A 6,000 cbm semi-refigerated vessel would fetch in the same periods a level of $ 250,000 rising up to nearly $ 450,000 monthly t/c or equivalent spot rate, with an even more pronounced variation for ethylene carriers where a 6,000 cbm rose from $ 275,000 up to $ 550,000.

It should also be noted that there has been a correction in the traditional differentials between the levels of semi-refrigerated and pressurised carriers, with the latter catching up and nearly obtaining the same returns as the former. Another sign of the market's tendency!

As far as the time charter business is concerned, several contracts spanning up to 5 years, were principally undertaken by some owners-traders deciding to fix their position for the future.

A substantial rise in new orders, in particular for pressurised vessels between 3,500 and 9,000 cbm, was registered with Japanese shipyards for domestic owners-operators' account, placing these new units under long term contracts with Eastern and Western majors. We have counted currently some fifteen orders placed in 2004 for ships with a capacity between 3,500 and 9,000 cbm, of which two 8,600 cbm semi-refrigerated, for delivery between 2006 and 2008, as well as new orders which should be confirmed imminently for units of 4,000 to 9,000 cbm in Italy.

These past twelve months have also witnessed new merger transactions and fleet purchases between owners, which were anticipated for several years given the poor levels of past results'

During the second quarter, the Exmar Kosan pool took control of 12 pressurised carriers of 3,500 to 5,000 cbm from Far East Shipping, thus taking an additional grip on this inter Asian market. Several months later five 3,000 to 6,500 cbm semi-refrigerated carriers of Gibson Gas Tankers were acquired by Camillo Eitzen.

A Greek owner, Stealth Maritime, already well established in other types of ships, made a noteworthy entry into the gas sector with the acquisition of some ten small gas carriers of 3,000 to 5,000 cbm at prices well above those obtained last year.


 

Prospects

Conditions for a very firm freight market seem to be in place for the next few years. Although it was already fairly clear, all the ingredients are now solidly anchored for the trend to pursue in the same direction.

Arrival of new tonnage over the next two years remains very limited and will probably not satisfy even a marginal growth in demand, whilst numerous factors tend to suggest that this is on an upward path, led by the ineluctable advance of energy demands from China and the developing countries. Even if this is likely to slow down one day, the tendency is still quite sustained.

Despite the high steel prices which have allowed scrap values to double or even triple, owners will be tempted to extend the life of their ships in a market which pays well. But the new safety regulations and chartering practices of the Majors, are applying to more and more geographical areas and can no longer be much too 'elastic'. Units which are over 30 years, or even 28 years, might hardly find employment and will probably be forced to retire in the coming years.

Recent orders for newbuildings have achieved prices which are some 20 to 30 % higher than in 2003 and the trend remains on the rise. Even taking into account the depreciation of the dollar, owners will have to find revenues allowing them to pay back their investment made at higher prices and over a shorter period.

Intra-Asia trade is to increase with the start up of new petrochemical production units at the end of 2005, thus absorbing a growing number of ships with a capacity of 4,000 to 8,000 cbm, which until now has been employed on deep-sea routes.

The horizon therefore seems fairly clear and relatively predictable for the two or three coming years, excepting a major crisis which would undermine all the fundamentals!

Taking long term shipping decisions has up to now often been limited by the important differential between spot freight market levels and the floor price below which an owner couldn't commit over a certain period of time.

The current improvement should allow this disparity to be corrected and favour longer term commitments by each contract party, be it charterer or owner, for a better control and appreciation of his shipping needs.

Let us hope however that the market players will remain reasonable and do not go into an over-investing circle with the risk of creating new imbalances.
 

LPG carriers second-hand market

  • Ships over 50,000 cbm

Once again the second-hand market has not provided the opportunity to allow the rejuvenation of fleets or to invest into new ones, making owners who are looking to buy LPG carriers of less than 15 years to turn towards the newbuilding market, even if the prices proposed seem initially higher and higher.

Only Bergesen, by means of a purchase option attached to long term charter, was able to acquire the 'Sunny Hope', 78,000 cbm, built in 1990, for about $ 33 million.

Elsewhere we have registered prices close to those of scrapping, in the case of the sale of 'Yuyo', 83,000 cbm, built in 1979, or substantially more for the 'Gaz Concord' built in 1978.

While awaiting to take delivery of their newbuildings, Sonatrach has combined the sale of the 'Nemja', 56,000 cbm, built in 1983, at a reported price close to $ 15 million, with a one year time charter of a much more modern carrier.

Ships between 20,000 ' 50,000 cbm

Indian buyers, such as Varun, have once more shown their ability to offer to Bergesen and Exmar attractive prices for carriers of less than 25 years, conditioning the sale to a period charter of at least two or three years back to the sellers' pool. The two oldest carriers, 'Hektor' and 'Hermion', 24,000 cbm, built in 1982 and 1984, were sold for about $ 17 million each, whilst the 'Libin', 43,000 cbm built in 1982, was sold for about $ 20 million.

Ships between 10,000 ' 20,000 cbm

At the start of the year, Geogas sold the 'Victoire', 17,500 cbm, built in 1990, for a price above $ 20 million, while retaining control over the ship for the next 5 years. Thereafter, the sale by Exmar of her three ethylene carriers of 10,500 cbm, built at the end of the 1980s and beginning of the 1990s, for a price above $ 40 million against a 5 year time charter, was the only one who livened up the sector.


 

Gas Sriracha
3,514 cbm, built in 1996 by Uzuki Zosencho, sold to Centaurus Transport Ltd and now renamed 'Grampian'

  • Ships below 10,000 cbm

It is in this sector that there has been the largest number of transactions this year. The rise in freight rates finally allowed sellers to find buyers for their fleets, and for buyers to be able to justify such investments thanks to the better economic environment.

The strong increase in newbuilding costs for this type of carrier also played its part in reactivating interest in second-hands, but for the moment buyers can only count on the older units, which then logically will push potential buyers of more modern carriers to newbuildings.

Camillo Eitzen, who took over the Kil fleet several years ago, has bought the fleet of his Norwegian compatriot Igloo for about $ 75 million (7 ethylene carriers of 8,000 to 10,000 cbm, built between 1982 and 1989). This same owner then bought the Gibson Tankers fleet (3 carriers of 6,000 cbm built in 1982 and 2 carriers of 3,500 cbm built in 1991).

In the pressurised sector, the sale of the Japanese owner's Far East Shipping fleet (9 carriers of 3,500 cbm built between 1996 and 2003 and two carriers of 5,000 cbm built in 1994 and 1995) to Exmar Kosan, for about $ 85 million, caused quite a sensation at the end of the first quarter. The reported values revealed a price varying from $ 6 million for a carrier of 3,500 cbm built in 1996 to $ 9,5 million for one delivered in 2003 on one hand, and on the other hand a price of around $ 7 million for carriers of 5,000 cbm. These values show an increase of 20 % over the lowest levels achieved for comparable ships in 2002 and 2003.

During the third quarter with freight rates reaching more encouraging levels, the market saw the entrance of a new name in the LPG sector, the Greek Vafias, buyer of 9 pressurised and semi-ref LPG carriers of 1,500 to 6,500 cbm. The level of prices paid put the value for 10 years old pressurised carriers of 5,000 cbm and 3,500 cbm at respectively around $ 12 and $ 8,5 million. In the same way, the purchase of two semi-refs of 3,500 cbm built at the beginning of the 1990s, allowed these ships to obtain in 2004, prices above those reached in 2000 and above all a 70 % increase over the prices they got in 2003. As an illustration, it is worth recalling that freight rates for a 12-month period has been following a similar evolution: $ 220,000 in 2000, $ 170,000 in 2003, and about $ 320,000 at the end of 2004.

If it maintains, the improvement in freight rates should encourage a revival of newbuilding orders although construction costs are higher and since the second-hand market offers too few opportunities for the renewal of fleets.
 



Shipping and Shipbuilding Markets in 2004

I N D E X

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Rome
The MIT has forwarded the proposal to the Transport Commission of the Chamber
The decline in vehicle volumes transported by the Wallenius Wilhelmsen fleet continues
Lysaker
The first three months of 2025 were closed with revenues of 1.3 billion dollars (+3.4%)
Shipping agents, customs agents and freight forwarders of La Spezia applaud Pisano's appointment
The Spice
For the presidency of the AdSP - they rejoice - "one of us" has been chosen
MIT appoints Bruno Pisano as president of the AdSP of the Eastern Ligurian Sea
Rome
DHL Buys IDS Fulfillment
Westerville/Indianapolis
Strengthening the e-commerce segment
V.Ships created V.Yachts to provide its services to large yachts
London
It will be based in Monaco
Mercitalia Rail transports scrap iron from Pomezia to steel mills in Northern Italy
Milan
Finnlines revenues increased by +2.3% in the first quarter
Helsinki
The volumes transported by the fleet are increasing, with the exception of cars
NYK to build third car terminal at Barcelona port
Barcelona
Work begins on the electrification of the MSC Crociere terminal
The Verdane investment fund sells Danelec to the GTT group
Paris
Danish company develops technologies for digitalization of maritime transport
Israeli forces attacked the port of Hodeyda
Jerusalem
IDF, measures taken to limit damage to ships
Vard signs new contract with Dong Fang Offshore for OSCV vessel
Trieste
It will be delivered in the first quarter of 2028
Collaboration protocol between the Federation of the Sea and WSense
Rome
Among the aims, to promote intelligent and sustainable management of marine resources
A conference on maritime engineering works and climate change in Rome on Wednesday
Rome
It will be held at the Auditorium Fondazione MAXXI
The 2024 general financial statement of the Eastern Adriatic Sea Port Authority has been approved
Trieste
It records a general administrative surplus of almost 283 million euros
Accelleron Industries Announces Further Investments in Italy
Baden
The aim is to strengthen technological leadership in fuel injection systems for the decarbonisation of the maritime sector.
UAE's AD Ports continues to invest in Egypt
Cairo/Abu Dhabi
Usufruct contract to develop and manage a logistics and industrial park near the port of Port Said
The 2024 final budget of the Central Adriatic Sea Port System Authority has been approved
Ancona
Green light from the Management Committee
RFI, tender awarded for maintenance and telecommunications enhancement works
Rome
Program worth approximately 180 million euros
Contract signed assigning CMA CGM the management of the container terminal at the port of Latakia
Damascus
Investments of 230 million euros expected in the first four years
Rizzo appointed extraordinary commissioner of the Strait Port System Authority
Messina
DHL Group revenues increased by +2.8% in the first three months of 2025
Bonn
Net profit of 830 million euros (+3.9%)
Purchase of area for new cruise terminal in Marghera completed
Venice
It is expected to become operational in the 2028 cruise season.
CMA CGM Completes Acquisition of Air Belgium
Marseille/Mont-Saint-Guibert
Mazaudier: Strengthen our air capacity with immediate effect
In the first three months of 2025, freight traffic in Albanian ports decreased by -1.8%
Tirana
Passengers also decreasing (-1.6%)
In 2024, 94.4 million tonnes of goods were transported on the Austrian rail network (+2.2%)
Vienna
31.8% of the total volume was achieved on routes longer than 300 kilometres
The final budget and the annual report 2024 of the AdSP of Sardinia have been approved
Cagliari
Pilot project for the unified issuing of port access permits for haulers
Interporto Padova's 2024 financial statements unanimously approved
Padua
Revenues up +7.3%
Redevelopment works underway at the agri-food hub of the port of Livorno
Leghorn
Works worth six million euros
Bluferries is ready to put the new ro-pax Athena into service in the Strait of Messina
Messina
It can carry up to 22 trucks or 125 cars and 393 people
Approved the financial statement for the financial year 2024 of the AdSP of the Ionian Sea
Taranto
424.8 million port works completed in the last decade
Kalmar reports lower quarterly revenue, higher new orders
Helsinki
In the first three months of 2025, net profit was 34.1 million euros (+2%)
Antonio Ranieri is the new maritime director of Liguria
Genoa
He takes over from Admiral Piero Pellizzari who was discharged from the service upon reaching the age limit
In the first quarter of 2025, China's CIMC recorded a 12.7% increase in container sales
Hong Kong
Revenues grew by +11.0%
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Last year, the revenues of the Chinese group CMPort increased by +3.1%
Hong Kong
In the first three months of 2025, port terminals handled 36.4 million containers (+5.6%)
The financial statements of the AdSP of Western Liguria and the Central-Northern Tyrrhenian Sea have been approved
Genoa/Civitavecchia
Konecranes revenues increased by +7.7% in the first three months of 2025
Helsinki
343 million euros of new orders for port vehicles (+37.5%)
Kuehne+Nagel posts first quarter of growth
Schindellegi
The logistics group's net sales amounted to 6.33 billion Swiss francs (+14.9%)
Application by TDT (Grimaldi group) for the construction and management of 50% of the Terminal Darsena Europa in Livorno
Leghorn
The company has requested an extension of the duration of the current concession
In 2024, 58 million invested in the modernization of the ports of Livorno, Piombino and the island of Elba
Leghorn
The final budget and the annual report of the AdSP have been approved
In the first quarter the port of Valencia handled 1.3 million containers (+3.4%)
Valencia
Transhipment traffic decline
EIB advice to strengthen climate resilience of the ports of Volos, Alexandroupolis and Patras
Luxembourg
It will assist port authorities in identifying and managing climate risks
The Management Committee of the Central Tyrrhenian Sea Port Authority has unanimously approved the 2024 financial statement
Naples
SOS LOGistica will acquire the qualification of Third Sector Entity
Milan
The association currently has 74 members
In the first three months of 2025, freight traffic in the ports of Barcelona and Algeciras decreased
Barcelona/Algeciras
Hupac transfers intermodal service with Padua to Novara
Noise
Until now the other terminal was the one in Busto Arsizio
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
A conference on maritime engineering works and climate change in Rome on Wednesday
Rome
It will be held at the Auditorium Fondazione MAXXI
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
PSA SECH has operated the first 400-meter train at Parco Ferroviario Rugna
Genoa
Capacity up to 20 pairs of trains per day
The 2024 financial statement of the Eastern Liguria Port Authority was unanimously approved
The Spice
The war clearance preparatory to the expansion of the Ravano Terminal in La Spezia is nearing completion
The Spice
The AdSP has invested over 600 thousand euros in it
Francesco Rizzo appointed president of the AdSP of the Strait
Rome
He has repeatedly denounced the uselessness of the construction of the bridge over the Strait
US aircraft attack Yemeni port of Ras Isa
Tampa/Beirut
38 dead and over a hundred injured
In 2025 Stazioni Marittime predicts an increase in ferry and cruise traffic in the port of Genoa
MIT Mobility Report Highlights Rising Demand for Both Passengers and Freight
Rome
In the first quarter, cargo traffic in Russian ports decreased by -5.6%
St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
Milan
Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
In the first quarter of this year, container traffic in the port of Gioia Tauro grew by +15.5%
Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
Historic shipbuilding brands Uljanik and 3.Maj on the verge of extinction
Zagreb
The State confirms its intention to sell the shipbuilding activities at the two sites of Pula and Rijeka
Cambiaso Risso has completed the acquisition of the French Somecassur
Genoa
The transalpine company specializes in the insurance of super and mega yachts
New weekly train service between the port of Gioia Tauro and Verona
Joy Taurus/Verona
Operated by Medlog for the transport of refrigerated goods
EBRD looking for strategic partner for development of Moldovan river port of Giurgiulesti
London
International competition launched
Turkish ports set new first-quarter cargo traffic record
Ankara
Historic peak of cargo imported from abroad
In the first quarter of 2025, freight traffic in the port of Taranto grew by +37.6%
Taranto
Increase of 854 thousand tons of solid bulk and 265 thousand tons of conventional goods
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