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01 September 2025 - Year XXIX
Independent journal on economy and transport policy
01:47 GMT+2
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FORUM of Shipping
and Logistics



Offshore support vessels 
Ice-breakers
Underwater construction and installation ' IRM Market
The seismic market 
Drilling market

Production market (surface systems)
Dredging
Conclusion 



The offshore and specialised ships markets
 in 2004

 
The year 2004 will remain unique in the history of the oil and gas industry for two reasons: first, world oil demand (excluding gas) reached its highest level ever and second, the price of oil also registered a peak at around $ 50 per barrel.

The offshore sector at last is feeling the initial benefits of the surge in prices and oil companies are again targeting to increase their proven reserves of oil and gas. About $ 125 billion was spent on exploration and oil production in 2004. This level, comparable to that achieved in 2001, should increase to $ 135 billion in 2005. This figure excludes Russian and Chinese projects, but includes the Kashagan and Kazakhstan projects in the Caspian Sea. This drive will be a stimulus in the first instance to the development of traditional offshore equipment in shallow waters, but also to very deep-sea offshore equipment, which comprise a number of drilling units used at the limit of their capacities. Geophysical offshore exploration will see a certain stability, even with some expansion in India. The increase in offshore drilling expenses in 2004 illustrates the upward trend and the best indicator of this growth being the percentage of jack-up rigs operating, which has gone from 75 % at the beginning of the year to 90 % at the end.


 
Kaori
Port tug, delivered by President Shipyard in 2004, operated by CMC Noumea (New Caledonia)
Offshore Support Vessels

Most of the major companies in this branch of the offshore market decided this year to order a large number of Platform Supply Vessels (PSV) as well as Anchor Handling Tug-Supply (AHTS). The order pattern was mainly:

' at the beginning of the year, for PSVs in the size range of 3 000 tdw or more, ' for mid-size AHTS, with 60 to 120 t bollard pull, dynamic positioning and equipped with fire-fighting systems.

The majority of orders were placed with Far Eastern shipyards, currently favoured for their cheap labour costs as well as the weakness of the dollar. The other significant trend of this market is the halt on the ever-growing size of PSVs and of the engine power of AHTS.

Our explanation for these phenomena is triple: there are few orders coming from Norwegian owners as the North Sea market has remained flat for most part of 2004, oil companies' needs have been concentrated on production in deep waters and finally, owners are following the general movement towards cost cutting.

It is worth noting an inversion of trend during the course of the year for Norwegian shipyards, which have filled their orderbooks, even though they were limited by their Polish or Romanian sub-contractors production capacities to build the hulls.

This general demand from charterers to reduce 'logistics' costs in the exploration/production process, passed onto owners, has resulted in an effort to standardise ships with more orders for series and the research into more optimised designs coming also from the Far East. In this respect, the diesel-electric engine solutions mainly developed by Norwegian manufacturers incorporate true advantages, particularly in relationship with dynamic positioning equipment compatibility, which is now a standard feature on most new ships, for a reduced price.

The choice of diesel-electric propulsion, combined with the installation of azimutal propulsion sets, has also contributed to reduce construction costs by simplifying the hull forms.

In 2004 both PSVs and AHTS delivered by the yards found employment, even if charter rates were not always at levels hoped for by the owners.

The North Sea market was the catalyst in the recovery of the offshore market. As an example, an AHTS of 200 t bollard pull chartered out on the spot market at the beginning of the year at 15,000 $ per day, obtained 45,000 $ per day in December. It was the same for the Gulf of Mexico where the employment rates of vessels finally saw an increase after four very poor years. Egypt, the Middle and Far East also saw chartering rates on the rise by employing more powerful AHTS.

At the end of 2004 several important owners no longer had any modern units to charter out, which leads us to be relatively optimistic as to the market's ability to absorb the large number of PSVs and AHTS that are due for delivery in 2005.

There has been a rapid increase in the already substantial fleets operated by Singapore owners. As an example we can cite Jaya, which had 21 AHTS, 2 PSVs and 6 other ships under construction at the end of 2004. Fleets that are in the hands of Middle East owners have also seen a significant development with, for instance, Maridive in Egypt which controls nearly 50 ships including 7 under construction in India.

Western owners have started or boosted their fleet renewal programmes.

Groupe Bourbon has ordered 8 PSVs (GPA 670 type) and 4 AHTS (Conan Wu type of 70 and 80 tons bollard pull) in China. There are also 4 AHTS (120 t bollard pull, Conan Wu design) with Keppel Singmarine in Singapore, as well as 2 fast supply ships in aluminium based on an innovative French concept (Mauric design) with the Piriou shipyard. The Bourbon Group is continuing to expand and hopes to conquer new markets.
 


 
Bourbon Helios
Platform supply vessel, GPA design, 3,300 dwt, to be delivered by Zhejiang in 2005, will be operated by Groupe Bourbon Offshore division

We can mention the example of Tidewater, which has ordered 8 AHTS, 4 PSVs and half a dozen of smaller units. They have ordered these ships with the intention of replacing some older units and thus avoid important expenses to keep them in proper running condition and getting them re-classified.

Edison Chouest Offshore has ordered 7 offshore vessels and 4 fast supply ships.

In 2004, Seabulk Offshore contracted with Labroy shipyard of Singapore 8 AHT/AHTS mainly for the West African market.

Swire Pacific Offshore has 9 AHTS on order in the Far East, of which 7 of the UT 780 type - 4,800 bhp with Labroy.

Delivery of new units ordered in Asia are spread out until 2006.

Beside these PSV and AHTS fleets, we have seen a noticeable increase in the demand for fast craft, over 20 knots, built of aluminium, 40 metres long or more, designed to carry dozens of passengers and some cargo on deck. In the future, under deck bulk capacities are also being envisaged. At last a new market has emerged concerning small, specific units aimed at providing security protection for offshore oil fields capable of carrying armed men aboard.

In addition, several governments, particularly in Europe, have launched programmes to renew or to complete their fleets for assistance or intervention as well as anti-pollution surveillance ships. These building programmes are benefiting essentially European shipyards.
 


 
Ice-breakers

The opening of the Russian market, giving access to the Arctic, from the Barents Sea to the Bering Straits, has stimulated orders for the offshore markets, but also to serve the exports terminals of the 'on-shore' production.

Amongst these we can mention:

 ' Swire Pacific / Primorsk with an order for three UT 758 of 90 meters, ice-breaker, at Aker Yards for 500 million Norwegian kroner. ' Rieber Shipping / Primorsk with an order for a ice-breaker / tug, at Aker Langsten for 351 million Norwegian kroner. ' Sevmorneftegaz / Fesco with an order for two ice-breakers at the Havyard Leirvik shipyard for 53 million euros.
 

Underwater construction and installation ' IRM Market (Inspection Repairs and Maintenance)

The year 2004 was characterised by a marked revival in the underwater construction activity and also with the happy resolution of financial crisis of Stolt Offshore, who managed to transform its debts into capital and was able to win contracts at more favourable conditions. The Stolt Nielsen group sold its interests in Stolt Offshore thus ending an historic participation in the sector. McDermott has strengthened its presence with an expansion programme.

This industry has continued its consolidation of which one of the stages was the repurchase by Siem Industries Inc. of the remaining 50 % share of Subsea 7 previously controlled by Halliburton. It appears also that Torch Offshore is in a particularly precarious situation and is likely to dispose of a number of ships especially the 'Midnight Express'.

European underwater contractors are in a better shape than their American rivals, with the exception of Cal Dive and Global Industries. The revival of so-called traditional offshore activities in shallow water in the Gulf of Mexico, should help contribute to their improved situation.

The start of large installation projects in West Africa, Egypt, and Brazil is helping to bolster activity, to the point that some operators are announcing that they have almost none of their main ships available until 2008. The Far East, traditionally in low profile, will also absorb some ships in 2005. Subsea 7 has made a remarkable break-through in West Africa, a market up until now shared essentially between Technip Offshore, Saibos and Stolt Offshore.

The possibility to have the right vessel at the right time is a key to success in the underwater construction market, but it should be appreciated that the fleet is ageing. In practice, with the exception of several units coming into service at the initiative of owners of supply vessels, such as the 'Boa Deep C 1', the 'Normand Cutter' (a converted cable-layer chartered to Sonsub) the barge-laying 'Jascon 5' and the construction of the future 'Normand Installer' (a joint project between SBM and Solstad), no major project has been launched or realised in 2004.

Consequently 2005 should see the launching of several significant projects by the Majors, namely large laying and installation ships (150 m x 30 m or more) capable of laying pipes of 16 to18 inches at a depth of over 2,000 metres. The major concern will be the response capability of the shipbuilding market, which has never seen such a level of activity.

The recovery of the underwater construction market both in the area of new developments and in the area of the maintenance of new fields, has logically helped sustain and stimulate the activity of supply vessels such as the MPSV (Multi-Purpose Supply Vessels) fitted with a strong lifting capacity (more than 100 tons at sea-level). They are also employed in light construction works and more generally in the IRM market of which the main players remain the owners of supply ships mentioned in the previous chapter.
 

The seismic market

The four principal operators, WesternGeco, Veritas, Petroleum Geo Service (PGS) and Compagnie G'n'rale de G'ophysique (CGG) have also benefited from a surge in activity. Hardened pessimists have been obliged to revise their opinion about the future of this activity, which particularly suffered over the past four years. CGG seems to have abandoned its ambition to merge with PGS after its offer was declined by the latter's shareholders. Nonetheless, a new consolidation would benefit this sector. At the start of 2005, operators are working already on the programme for 2006, which is exceptional given the average duration of seismic acquisition contracts.

Technologies continue to improve the quality but also the range of seismic work, since it is now possible to detect oil or gas up to a depth of 6,000 meters. These gains will incite operators to improve their marine logistics globally and probably to charter more specific supply ships for longer periods.
 

Drilling market

The offshore drilling industry is undergoing a real change in situation which began at the start of 2004, with an increased level of utilisation of jack-up rigs to drill in shallow waters.

At the end of 2004, few units of the 300 feet jack-up rigs type remained available in the short term. Freight rates for deep-water drilling rigs are heading toward the $ 300,000 per day level. The second generation semi-submersibles, which drill at 1,500/2,000 feet depths, are benefiting from the rebound in the North Sea market and obtain more than $ 100,000 per day for short term contracts.

The industry continues to gravitate around the fleets controlled by the six American majors, Pride, Diamond, Ensco, GlobalSantaF' (GSF), Noble, Transocean and by four competitors of substantially smaller size namely Stena Drilling, Maersk Drilling, Atwood and Rowan. By and large, the drilling companies dedicated 2004 to consolidating their balance sheets. Pride should probably sell some supplementary assets, with a view to be in a better position for new investments over the coming 2005 / 2006 period. As to GSF, they anticipated the change in the market and fixed four units which are being completed in Singapore (2 semi-submersibles and 2 jack-ups).

Opportunities to convert, modernise and build new drilling rigs will be possible as soon as the oil companies offer long term charter opportunities. It is worth mentioning the order of three jack-up rigs in Singapore on a speculative basis by a group of Norwegian investors, as well as another unit ordered by the Norwegian Odfjell.

In this sector, the Keppel Fels group plays a predominant part, which is based on its world-wide network of yards for repairs and shipbuilding, on its capacity to offer the market standard jack-up rigs, also adaptable to specific needs for drilling, and finally on its role as a speculative investor.

The Sembawang group for its part maintains a share of the market due to the specific expertise of PPL Shipyard. Finally Chinese builders, such as Dalian, have emerged but remain principally concentrated on their domestic market.
 



 
Production market (surface systems)

This year has seen Stolt Offshore shed itself of engineering, construction project, and integrated production systems by the sale of its affiliate Paragon. The leaders, who are Saipem and Technip, obtained some prestigious but high resource-consuming contracts, linked to developments in West Africa but also in the Persian Gulf (Qatar project) and the Caspian Sea (Kashagan phase 1).

Despite the small number of contracts recently awarded (of which SBM with Petrobras of Brazil and Bergesen with Woodside in Mauritania), the number of tenders open or due to come out in 2005 for leasing FPSOs has considerably increased. These tenders are primarily related to West Africa, Brazil, South East Asia and Australia. These projects require storage ship hulls of two million barrels, except for the last two zones, which regularly require Suezmax size units. In the second-hand market, which is somewhat overvalued, it is obvious that the number of available ships has become considerably reduced. In addition, oil companies are more and more reluctant to accept hulls over 20 years old. As from now, charterers of FPSOs are proposing either to use modern ships or to build new hulls to meet their standards, in line with the order placed by Modec (Mitsui group) and awarded to Samsung.
 

The dredging market

From the point of view of contractors, the sector has continued to consolidate. 2004 saw the final absorption of Ballast-Ham by Van Oord. Despite a difficult context due to the halt of the huge Singaporian projects, a revival in world demand in volume is expected for 2005. Current projects in the Persian Gulf, China and the Sakhalin Islands have continued to keep the contractors busy.

Jan de Nul is pursuing his modernisation programme and the expansion of his fleet. It's the only Major that has built up his investments in an original and audacious strategy, by ordering small sized dredgers in China. These orders have demonstrated Jan de Nul's know-how in engineering and project management.

In France, DTM has confirmed the order of a 2,200 cbm sand-dredger with the Barkmeijer shipyard in the Netherlands, for delivery in 2005. GIE Dragages-Ports has concentrated on restructuring and rationalising its fleet. It should confirm in 2005 an order for a 700 cbm grab hopper dredger fitted with a dredge pipe.

Finally, there has been the U-turn of the IHC group, which has finally abandoned its shipyards, including the famous IHC Holland, designer and builder of dredgers. The expertise of Dutch dredging specialists tends to be concentrated in the engineering work and the manufacturing of dredging equipment.
 


 
Goenisio Barroso
Anchor-handling tug supply, delivered in 2004 by Fels Setal, operated by Delba Maritima (Brazil)
Conclusion

A lot of uncertainty has been removed by the outcome of the American elections. In addition the forecast is for a new increase in world oil and gas demand.

Oil companies today possess very important financial capacities. Exploration has been considerably reduced these last few years, whereas the increase in proven reserves is now a strategic target.

These circumstances augur well for the offshore industry as a whole for the year 2005 and should apply to all geographical zones.
 



Shipping and Shipbuilding Markets in 2004

I N D E X

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SBB CFF FFS Cargo's half-year performance was negative.
Bern
The Swiss company announced a drop in volumes in both domestic and transit traffic.
COSCO Shipping Ports reports record quarterly revenue
Hong Kong
In the April-June period, net profit was 122.4 million dollars (+32.4%)
Cargo traffic at Chinese seaports hit a new record high in July
Cargo traffic at Chinese seaports hit a new record high in July
Beijing
Foreign traffic amounted to 427.6 million tonnes (+6.1%)
South Korea's HD Hyundai Heavy Industries Co. and HD Hyundai Mipo Co. to merge
Seoul
The completion of the operation is expected for next December 1st.
Filt Cgil, priority should be given to valorizing AdSP workers rather than assigning positions
In the second quarter of this year, freight traffic in the port of Venice grew by +4.1%
Venice
There were 228 thousand cruise passengers (+12.8%)
COSCO Shipping International's revenues increased by 10.3% in the first half of the year.
Hong Kong
Net profit was HK$494.6 million (+26.0%)
G20 nations' merchandise trade showed modest growth in the second quarter
Geneva
The increase in trade in services was more pronounced
South Korea's HD Hyundai announces multibillion-dollar investment program to revitalize the U.S. shipbuilding industry.
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Seongnam
Agreements with the US investment firm Cerberus Capital and the Korea Development Bank
MSC World Europa cruise ship crashes off the coast of Ponza
Rome
The Coast Guard reports that the situation on board, where there are 8,585 people, is calm and under control.
MSC World Europa has resumed autonomous sailing
Rome
Electrical problem solved, the cruise ship is headed for the port of Naples
PostEurop warns that from August 29, shipments of goods to the USA could be limited or suspended
Brussels
Last month, Trump eliminated tariff exemptions for low-cost goods.
Chinese oil company OOIL sees growth in its half-year financial results.
Hong Kong
In the first six months of this year, revenues increased by +5.0%
Companies inform
Accelleron and Geislinger: An Evolving Technical Collaboration
Premier Alliance to split Mediterranean Pendulum 2 service next month
Seoul/Singapore/Keelung
The Mediterranean branch will be called Mediterranean Service 2
Investment firm CVC Capital Partners exits Boluda Maritime Terminals and TTI Algeciras
Schiphol
The two terminal companies manage a total of nine Spanish port terminals
ZIM's quarterly economic and operating performance declines
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Haifa
In the period April-June the average value of freight rates fell by -11.6%
Interferry's Entry/Exit System risks delaying ferry operations at European ports.
Victoria
The system will come into force on October 12th
DFDS closes second quarter with a loss
Copenhagen
In the period April-June 2025 the fleet transported 10.6 million linear meters of rolling stock (-0.4%)
Ammonia and methanol are ready to decarbonize shipping, but some obstacles to their use must be removed.
New record quarterly results for the American cruise group Viking
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Los Angeles
The April-June period closed with a net profit of 439.2 million dollars (+182.2%)
Container traffic in the port of Barcelona grew by 1.8% last month.
Barcelona
202,321 TEUs handled at loading and unloading (+10.4%) and 142,492 TEUs in transit (-8.3%)
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Hamburg
Sharp increase in transshipment container volumes (+26%)
Norway's Xeneta has bought Denmark's eeSea
Oslo
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La Goulette
In the first six months of 2025, 13.8 million tonnes were handled (-3.2%)
Port of Koper sets new quarterly records for containers and rolling stock
Ljubljana
In the period April-June, 5.6 million tons of goods were moved (-4.1%)
Port of Los Angeles hits record monthly container traffic
Los Angeles
Over one million TEUs were handled in July (+8.5%)
Hapag-Lloyd reports second quarter increases of +2.0% in revenues and +12.4% in containers transported by the fleet
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Hamburg
Net profit fell by -39.4%
Evergreen reports an 18.7% drop in quarterly revenues
Taipei
The April-June period closed with a net profit decrease of -62.9%
South Korean company HMM's revenues fell by 1.5% in the second quarter.
Seoul
Trump announces rejection of IMO's shipping decarbonization program
Washington
The proposed framework - it is denounced - is in effect a global carbon tax that affects Americans and is imposed by an irresponsible United Nations organization.
Taiwanese companies Yang Ming and Wan Hai Lines reported negative results in the second quarter.
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Keelung/Taipei
In the period April-June, revenues decreased by -26.5% and -8.7% respectively
Cruise traffic at Global Ports Holding terminals grew by 6.0% in the second quarter
Istanbul
In the first six months of 2025, an increase of +16.7% was recorded
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Zagreb
Cruise passengers grow by +5.4%
Container traffic at US ports is expected to plummet in the second half of this year.
Washington/Long Beach
In July, the Port of Long Beach handled 944,000 TEUs (+7.0%)
ThyssenKrupp shareholders approve spin-off of ThyssenKrupp Marine Systems
Eat
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Geneva
Global trade in goods is expected to grow by 0.9% this year
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
Terminals and logistics have made a positive contribution. Container shipping benefits from demurrage revenues.
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.
DHL Group revenues fell by 3.9% in the second quarter
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Bonn
Significant reduction in shipments from China and Hong Kong to the US due to Trump's abolition of the de minimis regime
The Grendi group has acquired 70% of Dario Perioli Spa
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Milan
The remaining 30% will remain with Fingiro, owned by Michele Giromini, the company's CEO.
HMM announces failure of SK Shipping acquisition talks
Seoul
The operation reportedly fell through due to a disagreement on the transaction price.
In the second quarter, freight traffic in the port of Taranto increased by +22.8%
Taranto
Containers stopped at just 4,000 TEUs (-27.4%)
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Rome
In the goods segment alone, an increase of +6.9% was recorded
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Anchorage
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Palermo
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Panama
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Washington
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Mulino proposes the Panamanian state's entry into the consortium interested in acquiring Panama Ports Company.
Panama
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Container shipping company ONE's quarterly results worsen
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Singapore
In the April-June period, revenues decreased by -4% and net profit dropped by -89%.
Accidents to dock workers occur equally frequently on board ships as on land.
London
ICHCA report on nearly 500 accidents over the past 25 years
Norwegian Cruise Line Holdings reports record performance for the April-June quarter
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Miami
Bookings reached an unprecedented level
Paolo Piacenza has been appointed extraordinary commissioner of the Port Authority of the Southern Tyrrhenian and Ionian Seas.
Rome/Genoa/Gioia Tauro
DB Cargo records declines in turnover and rail freight volumes
Berlin
In the first six months of this year, shipments totaled 82.9 million tons (-10.8%)
In the second quarter, container traffic in the port of Genoa fell by -2.8% while in Savona-Vado it grew by +76.3%
Genoa
In the Ligurian capital, the transhipment share decreased, while the Savona port benefited.
Fincantieri records strong growth in half-year financial performance and new orders
Rome
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In the second quarter, naval traffic through the Suez Canal decreased by -6.2%
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Cairo
1,248 tankers (-2.7%) and 1,826 other types of vessels (-8.5%) passed through
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
DHL eCommerce has acquired a minority stake in Saudi Arabia's AJEX Logistics Services.
Bonn/Riyadh
The Middle Eastern company has two thousand employees
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
The ART urges to verify that the investment plan and the related amortization period are consistent with the duration of the port concessions.
Turin
Chinese automaker FAW ships components to Europe by train
Changchun
Transit time reduced to 18 days compared to 45 days for maritime transport
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
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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
In July, the port of Valencia handled 488,000 containers (+6.7%)
Valencia
Increase driven by growth in empty containers
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%)
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
A.SPE.DO, operationalizing the Smart Terminal to increase the competitiveness of the port of La Spezia.
La Spezia
In the second quarter, freight traffic in Albanian ports grew by +2.9%
Tirana
There were 331 thousand passengers (+13.6%)
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
Vard receives new order from North Star for two hybrid SOVs
Trieste
Contract worth between 100 and 200 million euros
Global Ship Lease Reports Record Quarterly Revenue
Athens
In the April-June period, net profit was 95.4 million dollars (+8.4%)
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%)
Austrian Rail Cargo Group is focusing on the development of the Sommacampagna-Sona intermodal terminal.
Vienna
Ten-year agreement
Wista Italy denounces the exclusion of women from the nominations of port authority presidents.
Milan
Musso: The glass ceiling that prevents women from accessing leadership roles remains.
In the second quarter, maritime traffic in the Bosphorus Strait decreased by -6.0%
Ankara
18.1% decline in ships over 200 metres in length
Fifty kilos of cocaine seized at the port of Civitavecchia
Rome
They were hidden inside a reefer container arriving from Ecuador
Trump has eliminated tariff exemptions for low-cost goods for all nations.
Washington
Goods with a value of less than $800 will also be subject to the tax.
Viking Mira was launched at Fincantieri's Ancona shipyard
Trieste
The multi-role frigate "Emilio Bianchi" was delivered to the Muggiano shipyard
The Port Authority of the Central-Northern Adriatic Sea has obtained EMAS registration
Ravenna
Certifies commitment to environmental management and sustainability
MSC Cruises reduces emissions with the support of an energy transition plan
Geneva
The 2024 Sustainability Report has been presented
DSV reports strong growth in financial and operating results thanks to the acquisition of Schenker
Hedehusene
Quarterly record in air and ocean shipment volumes
In 2024, the Fratelli Cosulich group's revenues increased by +12.8%
Genoa
Operating result down by -31.7%
In the second quarter of this year, Finnlines' revenues decreased by -5.0%.
Helsinki
Net profit of 26.1 million euros (+7.7%)
Container traffic in the Port of New York remained stable in the April-June quarter.
New York
An increase of +4.9% was recorded in the first half of 2025
The Chamber of Deputies approves the appointment of the presidents of five Port System Authorities.
Rome
They are Davide Gariglio, Francesco Rizzo, Eliseo Cuccaro, Francesco Benevolo and Giovanni Gugliotti
Latrofa appointed extraordinary commissioner of the Port Authority of the Central-Northern Tyrrhenian Sea
Rome
Ministerial decree signed
The PNRR tender for interports has been reopened.
Rome
Resources available amounting to 2.2 million euros
Port of Livorno: Workers are the priority in the LTM crisis
Livorno
UPS's quarterly earnings performance declines
Atlanta
Net income in the April-June quarter was $1.28 billion (-8.9%)
Approval for the 2025 budget variation of the Southern Tyrrhenian and Ionian Sea Port Authority.
Gioia Tauro
500 thousand euros for the 49% share held by the Port Agency company
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
Confindustria event on the sea economy in Rome on July 15th
Rome
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
Why Malta is objecting to a new price cap on Russian oil
(timesofmalta.com)
US has its eye on Greek ports
(Kathimerini)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
FHP Group acquires the remaining 10% stake in Lotras
Milan/Foggia
The integration between Lotras and CFI Intermodal will begin to create FHP Intermodal.
OITAF scientific document on good practices in the logistics and transport of fresh fruit and vegetables
Milan
The Northern Tyrrhenian Sea Port Authority has joined the PLIKA
Livorno
Platform dedicated to training, innovation and knowledge sharing in the logistics and port sectors
Matteo Paroli's nomination as president of the Western Ligurian Sea Port Authority has been signed.
Rome
He has a degree in law and a specialization in administrative law.
Container throughput increases in Haropa Port, while bulk cargo decreases.
Le Havre
In the first half of this year, containers were 1.51 million TEUs (+4%)
Bureau Veritas reports a 9.8% quarterly increase in revenues in the Marine & Offshore segment
Courbevoie
Kalmar and Konecranes increase new orders in the April-June quarter
Helsinki
The turnover of the two Finnish companies is slightly increasing
Container traffic in the port of Barcelona fell by 12.2% in the second quarter.
Barcelona
Assiterminal threatens a new wave of appeals against regulations it believes are damaging to port operations
Genoa
2M Logistics signs an agreement with Salerno-based Gallozzi
Barendrecht
The Dutch company will represent GF Logistics, a subsidiary of the Italian group, in the Benelux region.
Swiss company Kuehne+Nagel's quarterly profits fell
Schindellegi
In the period April-June of this year, net turnover grew by +1.7%
Yang Ming orders three 8,000 TEU container ships from Nihon Shipyard and Imabari Shipbuilding
Keelung/Imabari
Contract valued at $351.3-394.5 million
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