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


The liquefied natural gas shipping market
in 2005

AN APPRECIATION OF THIS VERY ACTIVE MARKET ALWAYS HAS TO BE PUT INTO PERSPECTIVE, AS IT IS EASY EITHER TO GET FALSE IMPRESSIONS OR ELSE TO STATE THE OBVIOUS.

Moreover, to speak of 'a market' in this sector is almost a misuse of terms, in that total LNG quantities shipped on a spot basis only represent some 10 % of the whole supplies, even though this proportion has substantially increased in the recent years. The fact that the market is still closely linked to projects and to long term supply contracts explains to a large extent the discrepancy between supply and demand. In a nutshell, prospects of growth in demand have led to a rapid increase in the fleet and new orders, but the delays in inaugurating new production trains have brought about a shortage of LNG. Vessels are available, buyers are ready, terminals are operational, but there is simply not enough liquefied gas available, which penalises numerous carriers in the short term. The LNG community expects to see this shortfall last up until 2010.

In addition, the effect of 'projects', with its required transparency, prevents speculative owners from being able to enjoy sufficient returns to offset the lean years at the outset of their ships' existence. The market (which we nevertheless will continue to refer to as such) is therefore somewhat exceptional, with owners in this sector unable to have the same opportunities as owners of other ship types. As the LNG chain remains totally integrated, with the same ships making round-voyages between dedicated loading and discharging terminals, this sector is quite special and it is difficult to speak about a real shipping market.

First of all, let us take a look at the fleet at the end of 2005. Currently there are some 193 ships actively in service, with a total capacity of 23.1 million cbm. The orderbook contains 140 units, totalling 22.1 million cbm, namely practically 100 % of the existing fleet in terms of liquid gas capacity.



Forty-nine ships were ordered in 2005, for 8.5 million cbm, or 37 % of the current fleet, but even more impressive, with an average unit size of over 170,000 cbm! Sixteen ships were delivered in 2005, for 2.3 million cbm, which represents an increase of about 10 % of the fleet.

An historic figure has been attained with these orders: the 200,000 cbm threshold has been surpassed with the order of 20 Q-flex ships of 216,000 cbm, divided between DSME, HHI, and SHI. At the end of the year newbuilding berths have been booked in two South Korean yards for the delivery of 6 Q-max ships of over 260,000 cbm for the Qatari project and for which the choice of owners has yet to be made.

However, the reduced number of orders in 2005, compared to 2004, is significant: whilst there is important potential demand in the long term, only 49 ships were ordered in 2005 as opposed to 75 in 2004. There are several reasons for this:

1- Returns on the long term projects are considered to be too low, and the large number of ships idle at the beginning of the year (which was slightly reduced by the end of the year), has led to short term returns being close to operating costs (around $ 30,000 per day). This context has, also in the short term, pushed the market towards a virtually standard reference price, resulting in identical rates for ships of 140,000 cbm and 70,000 cbm.
2- Delays in the introduction of new terminals.
3- The newbuilding prices have risen during 2005: the price of a gas carrier of 155,000 cbm went from $ 155 million in mid-2004 to $ 185 million by the end of 2005. Thus, what previously could be considered as cheap, and which could be a good bet for the future, is no longer, especially when the number of speculative ships (without employment) has reached such a level (one can count 25 in the orderbooks at the end of 2005). Clearly, this has discouraged owners, who would have liked to participate in this growing market, and it has not incited project operators to place orders too precipitously for new ships which would be unlikely to find employment.

In this context, we have even seen Total hedge their bets for their Yemen project by chartering ships previously ordered speculatively, in order to respect their delivery dates. The risks taken by their owners have been rewarded, but few are likely to be so fortunate amongst the other speculative players.



Some significant aspects concerning the latest orders are to be noted both on the technical and financial side:

Among the 49 orders placed in 2005, only 5 ships will be fitted with the Moss-type containment system, which is leaving a dominant market share to GTT membrane designs, despite the problems encountered by Chantiers de l'Atlantique and Samsung with the secondary membrane, which are in the process of being resolved. This, unfortunately, is the price to be paid for innovative technology.

One has observed an increase in the orders for ships with dual diesel-electric propulsion. This technical aspect risks affecting the future evaluation of steam turbine ships in the second-hand market, since the latter are less efficient.

Finally, the other technical innovation with this year's orders is the introduction of reliquefaction units aboard the Q-flex and Q-max sizes, the first LNG carriers to implement such equipment. On the same ships, a slow-speed diesel engine with twin shaft propulsion has also been chosen, which has previously never been seen on such vessels.

Twenty-one out of the 49 orders last year were for ships over 200,000 cbm, which raises the important question of their financing. Not so long ago one spoke of these sizes without having a clear view of what would be necessary to accommodate them at the terminals. It was therefore difficult to evaluate their real value. The thinking was therefore to say that the value was the value of the charter attached to the ship, but this means that without a charter, it was only worth its scrap value. In a short period of time this approach was superseded and the question of valuation was even reversed. In practice, with the majority of terminals progressively adapting to the bigger sizes, the valuation problem now lies with the numerous ships in service whose sizes are between 130,000 and 155,000 cbm, which are still being built. This problem only affects ships which have been ordered speculatively, since those attached to projects can still be valued with their charters.

2005 was also the year that saw the opening of new sources of finance for LNG shipping, such as the Ger-man KGs. These were notably amongst the first in financing orders for ships over 200,000 cbm.

The club of LNG carrier builders should be joined by a new member this year: the Korean shipyard STX, who is looking to enter this market. Also, the Chinese shipyard Hudong-Zhonghua has launched its first LNG carrier and finished the year with 5 firm orders, whilst three other Chinese shipyards, Dalian, Nacks, and Jiangnan, have been qualified by the Chinese authorities to participate in domestic projects. There was also the comeback of Hanjin to this market. There are now more shipyards able to build LNG carriers than large containerships or stainless steel chemical tankers. This reversal in the shipbuilding sector is also an indication of the growing importance and prestige of LNG carriers in the shipping world.



It should also be noted that 2005 saw the signing of the largest letter of intent ever drawn-up, between Qatar and the three biggest Korean shipyards, for a total of 95 ships to be delivered up until 2012, including contractual clauses fixing renegotiation margins linked to steel price indexes, the exchange rates, and a call off clause.

The commercial situation of the market is that there is still surplus tonnage present from which the LNG sector suffered last year. This, however, has not pushed the owners of older vessels to take the demo option, even though the majority of ships of less than 130,000 cbm are already over 30 years old.

Forecasters, with some justification, claim that the requirements for transparency, which are inherent in the case of projects, lead to fixing rates which are too low to ensure a decent return on investment over the long term, in the region of 6 %, which is not enough for one to feel comfortable with probable increases in operating costs. This might tempt owners to cut back in other areas like maintenance, and could put the very high security levels, which have been practised up until now, in jeopardy. This observation does not take into account the commercial operating life of a gas carrier, which is generally long.

As an example we can quote that a long term charter for a ship valued at $ 220 million only gives a return of between $ 65,000 to $ 75,000 per day.

One also encounters a growing difficulty to recruit qualified LNG crew members, which certainly constitutes one of the reasons why owners have ordered ships with diesel-electric and slow-speed diesel engines. As a consequence, there will be a probable increase in crewing costs over the coming months: there is talk of 10 % in a year's time.

The building costs of LNG carriers, compared to all other types of ships, are those that have increased the least over the last year: only about 14 %. This relatively modest increase is most likely due to the competition between traditional LNG shipyards and newcomers. At the end of 2005, a carrier of 155,000 cbm cost some $ 210 million.



WHERE ARE WE HEADING?

At the moment everything is following the forecasts made two years ago: a situation of overcapacity, which is likely to last for another two to three years. We can expect to hit a peak of something less than 15 % capacity in surplus. This is a straight arithmetical calculation, based on fleet capacity, deliveries, and the number of LNG trains that will come into service.

The LNG map has considerably changed. Sources of supplies, which are becoming more and more predominant, like West Africa, Qatar, and soon Russia, are situated further and further away from the major consuming areas.

New markets are profiling on the horizon: China and India, which are experiencing a rapid growth in demand, and the U.S., which is in the process of depleting its own natural resources. All these factors will displace the centre of gravity for world LNG. We will witness a reorientation of traffic, moving away from the traditional flow of supplies towards the Far-East, coming from South-East Asia.

Regarding the fleet, and concentrating on the most important projects, we should mention Qatar, only half-way through its massive order of ships, and Nigeria which is preparing to announce an order of 60 ships in the coming months.

Identified projects add up to additional shipping requirements of 115 carriers until 2010, and to 200 for 2015, in addition to the current orderbook.

Beyond the two to three years of foreseeable surplus tonnage, there is a whole new chapter to be written. It will be necessary to raise no less than $ 23 billion until 2010 to finance these new ships, without counting the corollary needs in the building and restructuring of terminals.

If one approaches the problem on the basis of the LNG chain and the ship linked to its terminals, the total financing needs from now until 2015 is about $ 100 billion (in the global chain, a ship represents about 40 % of financing needs.) Given the ratios applied by the banks, this will require new sources of financing.

There is a need for a closer analysis of shipyards. In practice, the compensated gross tons (the unit to evaluate shipyards' work) for building a LNG carrier equates to 2.5 VLCCs, which means that shipyards which use their workforce to build LNG carriers will operate a building capacity equivalent to that of 500 VLCCs over the same period.

This could be the answer to the question raised on the forecasted drop in demand for large containerships, which might then cause a standstill in newbuilding capacity and cause prices to plunge. Thus, if all goes well in the LNG scenario mentioned above, the risk of seeing surplus building capacity over the period considered is limited.

Another theory is put forward, in which the multitude of terminals, ships and players should result in a multiplicity of routes and thus an increase in the level of the 'necessary disorder' to create a 'real' market. It is the hallmark of LNG not to resemble oil, and we have seen that with the majority of carriers dedicated to projects for which they were financed, there is still no real market and not enough unemployed LNG ships in this sector to be considered a 'shipping market' in its own right.

A final matter of consideration concerns the technology. If, in fact, installations with re-liquefaction plants simultaneous to discharging develop, should one expect a rush towards the order of ships equipped with this re-liquefaction systems? If so, what will happen to the second-hand value of speculative ships that were ordered before, which are not equipped with such devices?

Indubitably, this rather unique sector holds a whole range of possible avenues'

Shipping and Shipbuilding Markets in 2005

I N D E X

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