testata inforMARE
14 July 2024 - Year XXVIII
Independent journal on economy and transport policy
03:10 GMT+2
FORUM of Shipping
and Logistics

The Liquefied Petroleum Gas shipping market
in 2005

'Ever higher or already on top?'


As we anticipated at the same time last year, the LPG market has been experiencing a sustained activity over these past twelve months, as well as a broadening of the strong upward trend that began in mid 2004.

All the evidence that allowed us to anticipate a continuation of this tendency has combined to evolve in a predictable manner, fortifying the basis of a revival which was long-awaited by the shipping community. Only the extent of this revival, which all agree was inevitable, remained to be determined.

Let us briefly recapitulate the fundamental factors and recent evolutions, as they will continue to leave their mark on the market in the coming years:

  • 1. Closer commercial contact between owners and operators of ships already involved in the sector had previously been initiated, in the context of a depressed market, in order to optimise operations and to increase their coverage of a given traffic within a specific size segment. These diverse consolidation moves, which had been undertaken some years ago by industry Majors, will probably be modified with the arrival of new players having acquired existing ships or ordered newbuildings, most of which still to be delivered. New investments have been committed by some operators who are taking position in new sectors, trades, or sizes of ships, which will change the configuration within sectors and multiply the supply sources of ships.

  • 2. Newbuilding orders, whose level remained low when the market was depressed, as well as an increase in new investments in this sector since mid 2004, have resulted in few new deliveries over the course of 2005, due to delays brought about by the shipyards. The next two to three years will see a real replenishment of the fleet, starting in 2006 with deliveries of the orders signed in 2004, followed to a far greater extent with 2005 orders, which will bring ships into service during 2007, 2008, and even 2009! Some size categories, notably the small pressurized or semi-pressurized ships of 4,000 to 8,000 cbm, were less affected by the delays in deliveries from the shipyards, and few new ships will be operational as from the end of 2006.

  • 3. Scrapping, which was well-sustai-ned these past two years, has been limited these last twelve months. We have only registered six demolitions, all done in the first half of the year, including four small ships of 4,000-6,000 cbm, one of 20,000 cbm and one of 75,000 cbm, whereas some twenty units were sold for demolition the previous year. The strength of the market has obviously made certain operators hesitating to scrap their vessels, especially those who invest heavily in maintenance costs' The strict application of standards and quality controls, combined with age limitations, should, however, favour demolitions in the coming years, as well as the newbuildings joining the trade.

  • 4. The very strong surge in American imports, principally ammonia whose production is linked to the price of natural gas: the Henry Hub spot price has jumped from $ 7.80/mmbtu in December 2004 to nearly $ 13.75/mmbtu in December 2005, an increase of around 75 %! Trade volumes have practically doubled over the last months. The current nervousness of the energy market in general would suggest that this trend might amplify, even if the growing volumes of natural gas due to be imported into the US should theoretically take off some of the pressure in the long term. One should also note the disruption of import and export to and from the US, caused by the hurricanes Katrina, Rita, Cindy and Denis, which hit the Gulf of Mexico between July and September. They resulted in lower propane production and important distribution problems during the last half of 2005.

  • 5. The logistics of transporting gas between production and consumption zones is changing. The arrival, over the next few years, of important volumes of gas, including LPG, often associated with new LNG production in West Africa, North Africa, Qatar, Abu Dhabi, and Egypt towards the traditional major poles, and new consuming zones of emerging countries, will cause a change in the movements of numerous ships over longer and considerably different routes. The ammonia and chemical gas sectors are also becoming more and more implicated by this global redistribution, making them more vulnerable to international market fluctuations, whereas, up until now, they have only been limited to specific geographical zones. The development of longer voyages will continue to reinforce the ton-miles factor on these markets.

  • 6. The increase of demand within Far Eastern countries and all the emerging countries such as India, based on oil products and other raw materials, has remained very sustained. There has been, however, a certain easing off in the growth of Chinese energy imports as a result of the development of domestic production.

  • 7. Crude oil and oil product prices have continued to increase, directly affecting those of bunkers ' whose level, based on the selling price at Fujairah, has gone from $ 170 per ton in December 2004 to nearly $ 300 per ton in December 2005, an increase of nearly 175 %!

  • * * *

    We could continue to list other factors that have contributed to the revival of the LPG market and which are likely to influence the future, but we have contained ourselves to the principal ones and, more especially, to those whose levels or prices have reached 'peak' or possibly 'ceiling' levels.

    Parallel to the freight market, which has experienced this continuous rise throughout the year, product prices have also increased considerably despite extensive volatility, which has allowed operators to hedge movements between the various continents. For example, the $ 600 per ton mark was broken at the end of the year for butane deliveries C + F into the Far East, whilst that of propane exceeded $ 650 per ton into North Europe!

    Our usual table shows the evolution of prices for few oil products and gas related products over the last three years:


    VLGC (Very Large Gas Carriers) from 70,000 to 85,000 cbm

    The share of units employed in transporting naphtha diminished, reaching a level of 2-4 ships at the end of the year, given the improvement in LPG freights compared to naphtha rates. There was a high volatility in this market. The spot reference rate MEG/Japan varied from $ 30 to $ 40 per ton in the first quarter, then down to $ 30/t in mid July to peak at over $ 60 in mid September. It dropped to $ 35/t in November, before climbing to nearly $ 50/t at the beginning of 2006! Some exercise for traders who are often confronted with term positions!

    Forecasts for strong increases in LPG production in the coming years continue to promote new orders at higher and higher levels, now reaching over $ 90 million per unit. Some 26 orders were signed in 2005 for a total capacity of 2.15 million cbm, compared to an existing fleet of 104 ships, representing a total of 8 million cbm. For reference, orders in the year 2005 totalled over twice as much as the preceding year, and three times more than that of 2003, whilst building prices have gone up by an average of 35 %!

    Construction costs of over $ 90 million should normally translate into higher freight rates, to the extent that transport demand should remain surplus and we should not see a situation such as the one that exists in the LNG sector with delays in bringing new sites into operation. Some 46 VLGCs remain to be delivered over the next four years.

    In conjunction with the traditional players in the sector such as Berge-sen, Exmar, or A.P. M'ller, several newcomers, owners or trader-owners such as BP, Petredec, Dorian, Latsis, Angelicoussis / Marangas, QGTC, have invested in the VLGC sector.

    There were limited long term charters in the first three quarters of the year, but same became more numerous at the end of the year, at which time the levels awarded were close to a million dollars, more or less 5 % depending on the specifi-cations of the ship and the period concerned.

    Recent term charters have been:

  • 'Joyama' - 82,500 cbm ' t/c 2 years delivery Dec. 05 900,000 $/mth ' Ferrel
  • 'Gas Diana' - 78,000 cbm ' t/c 3 years delivery Dec. 05 950,000 $/mth ' APM
  • 'Gas Energy' - 78,000 cbm ' t/c 18 mths delivery Dec. 05 1,050,000 $/mth ' HMM
  • 'BW Broker' - 80,000 cbm ' t/c 10 years delivery June 07 700,000 $/mth ' BW

  • Also worth noting some secondhand sales structured around medium or long term charters with purchase options:

  • the 'Berge Trader', a new Geogas ship, 78,500 cbm, for delivery in June 2006, fixed for a time charter of 5 years to Bergesen with an option to buy after the first year at $ 92 million, all combined with a COA from Bergesen to Geogas;
  • the 'BW Broker', a new ship from Zodiac, 80,000 cbm, for delivery in June 2007, fixed bareboat to Bergesen with an option to buy at $ 50 million after 10 years.

  • Large Gas Carriers from 52,000 to 60,000 cbm

    We have often remarked that this size category has benefited, and continues to benefit from the domino effect between the VLGCs and the Midsize sector of 30,000 to 40,000 cbm on some very sensitive trades with increased volumes of ammonia on transatlantic routes (Black Sea or Baltic to the US) and on those from the new producers (Australia, Iran, etc.).

    Despite some periods of inactivity, levels have risen appreciably during the last quarter, with spot market rates of ammonia Black Sea/US going from $ 60 to $ 120 for lots of 35,000 tons! The tightness of this market has led some Majors and Traders to take term positions at t/c rates close to a million dollars per month, preferring thus not to be at the mercy of lacking transport capacity at a given moment or not to be confronted with spot rates where the equivalent time charter levels sometimes exceed $ 1.4 million or even $ 1.5 million!

    The end of the year was marked by the order of eight newbuildings with a capacity of 60,000 cbm with Hyundai for deliveries spread over 2008 and 2009, at a price around $81 million each, with three units for Solvang and three for General Ore (Neu Schiffahrt).

    The average age of this fleet (15 years) and some ten units of 25 years or more, which are still trading ammonia but are due to disappear shortly, was largely the reason for such a decision, even at a record construction price of over $80 million!

    Recent transactions:

  • 'Hugo N' - 35,000 t ' NH3Yuzhny/USG Jan 06 ' $ 120/t ' Transammonia
  • 'Havdrott'- 54,000 cbm ' NH3 ' 12 months Dec 05 ' $ 950,000/m ' Harvester

  • Midsize carriers from 24,000 to 43,000 cbm

    Compared to the other sizes, this sector started from a more sustained level at the beginning of 2005, which explains why the variations were not as great. This category is always favoured, with a growing demand both from the ammonia sector as well as LPG, mainly on traditional routes: out of the Caribbean to the US, including the West Coast, and from the Middle East to the Indian Ocean or the Far East.
    Ammonia prices reached their peaks with FOB Black Sea being close to $ 300/t, whereas the CIF US surpassed $ 410/t in the month of November.

    Freights were frequently tight, which, during the second half of 2005, resulted in a multitude of transactions on term business, concluded by some Majors and Traders who sought cover for three, five, even ten years, to benefit from more attractive rates than those on the spot market which remained limited in this size category, not much from a lack of cargoes but rather from a lack of available ships!

    With demand being firmer, the programmed arrival of new tonnage, starting from the year 2006 and particularly in 2007 and 2008, has not affected the trend. However, the increase in the number of operators means that the control of ships and market coverage will probably be more and more diverse.

    The average rise in time charter rates since the beginning of 2005 is between 30 and 40 %, depending on sizes and specifications of the ships concerned, which, in fact, for a 35,000 cbm represents a monthly rate of $ 1.15 million for a 12 year period, with some rebate for longer term contracts from 3 to 10 years.

    Freight rates of ships ranging between 24,000 and 28,000 cbm rose to levels above $ 900,000 before the winter season, thus leaving one to predict possible future tightness should the coming months be harsh.

    Operators who are due to take delivery of their new 35,000 cbm ships in 2006 are looking to place them on time charters at rates of around $ 900,000 to $ 950,000 per month with 3 to 5 year charters. The few spot transactions, given the limited number of ships operating in this sector, are being negotiated at equivalent time charters above $ 1.2 million for a standard ship of 35,000 cbm.

    Seven ships changed hands in 2005, with notably the sale of three units of Bibby to Exmar and Bergesen, as well as the four 35,000 cbm of A.P. Moller to the Indian owner Varun.

    Sixteen new orders will be delivered in the next three years, of which 6 in 2006, 8 in 2007 and 2 in 2008 for a volume of 578,000 cbm, which signifies that 2007 should be a swing year, given the number of new ships due to enter the market. Some analysts are trying to claim that these new units will be quickly absorbed in the market due to the scrapping of older units in the fleet and the increase in the demand of transport from the emerging countries and inter-continental movements.

    The current fleet consists of 40 units with a volume of around 1.3 million cbm.

    Some recent transactions:

  • 'Camberley' - 35,000 cbm ' t/c 3 years del. March 06 ' $975,000/mth Bakri/Sabic
  • 'Herakles' - 30,455 cbm ' t/c 3 years del. Jan. 06 ' $975,000/mth Keytrade

  • Handysize gas carriers from 12,000 to 22,000 cbm

    The gradual resumption of chemical gas movements, principally long haul trans-Atlantic and trans-Pacific, combined with sustained demand from the LPG and ammonia sectors has also helped to contribute to price increases throughout 2005.

    Ships of 20,000 to 22,000 cbm, which began the year with rates in the range of $ 650,000/700,000 per month, reached during the course of the year more than $ 850,000, on the basis of one year time charter, while the equivalent t/c rate for spot voyages for chemical gas was established at levels above a million dollars (always on the basis of a round trip, one voyage, without counting eventual waiting time).

    The last quarter saw rates strengthen further to reach levels above $ 900,000 on the basis of a one year time charter and more than $1.4 million for the equivalent t/c on spot voyages for chemical gas or LPG!

    Rates in this size category will probably remain very firm over the next few years, due to very few newbuildings (eight units of 16,000 to 22,000 cbm, of which six ethylene carriers). World demand, coming from the LPG, chemical gas, and ammonia sectors, is continuously growing and this size of ship is used in all three product sectors on intra-regional or coastal traffics.

    We saw an interesting order of four ethylene carriers of 17,000 cbm by the Norwegian owner Solvang, placed at the German shipyard Meyer, at a record price close to $ 50 million euros per unit! An interesting commitment for a most probable promising project!

    Three semi-refrigerated ships of 22,500 cbm were reported ordered by Navigator and associates (ex Hyundai) for delivery in 2008, but this does not seem to have been confirmed yet, meaning perhaps that the slots will be allocated to others on different ship sizes.

    Amongst last year's sales, that of Naftomar's 'Queen Zenobia' to the German owner Harpain, 22,500 cbm semi-ref built in 2002, for a record price of $ 61.5 million, was outstanding in that this was nearly $ 15 million more than the previous ship of this type, and nearly $ 30 million more than the price Naftomar paid when ordering in 2000! This type of transaction is typical of the confidence that some operators are giving to this segment size for the future. The Gaschem Hamburg pool, of which Harpain is a partner, will take commercial management of the ship, which should be delivered at the end of March 2006. It will be the most important unit in the pool, which up until now has had smaller sizes. A new player in this size category.

    Recent transactions:

  • 'Annapurna' - 22,000 cbm ' 1990 ' 12 mths Jan. 06 ' $900,000/mth HPCL
  • 'Navigator Nep' - 22,000 cbm ' 2001 ' 12 mths ext Jan. 06 ' $885,000/mth Geogas
  • 'Vidzeme' - 20,700 cbm ' 1997 '12 mths Dec. 05 ' $880,000/mth Naftomar
  • 'Sussex'-'Surrey' - 15,000 cbm ' 1981/82 12/12 mths Dec. 05 ' $685,000/mth Transammonia

  • Small gas carriers from 3,500 to 12,000 cbm

    The year was marked particularly by moves of fleet concentrations and new acquisitions, lead by certain owners which were absent up till now or only present in a marginal manner in the gas sector, such as Stealth, Eitzen, Magnus, Samos, etc.. We have seen the important show of strength of Stealth, which has moved from a fleet of 10 units at the end of 2004 to a fleet of 27 units at the end of 2005 (all ships in the size range of 1,300 to 7,500 cbm, pressure or semi-pressure/refrigerated).

    On the other hand, Exmar has relinquished its fleet of small pressurized coasters (9 ships of 3,500 cbm) to partners/owners in the Unigas pool, who have elected to leave the commercial management of their ships to the former pool with Lauritzen Kosan.

    More recently, the Italian owner Montanari also decided to leave this sector, having ensured a good price for the sale of its fleet of ten ships of 4,000 to 9,000 cbm to other Italian interests. The latter, new entrants in this sector, will, however, leave the management of their ships to the Gasmare/Gaschem pool.

    Freight rates for these small pressurized ships of 3,500 to 4,000 cbm have scaled new 'peaks', surpassing the $ 300,000 per month mark mid year, but fell back to levels 25 % lower to these records at the end of the year. The coastal market has remained firm and was very active throughout 2005, also helped by the hike in bunker prices, which increased by more than 175 % during the same period.

    The more sustained activity of the ethylene market allowed all ethylene carriers to be employed on international trades, thus reducing their availability for other markets and products, despite some periods of inactivity.

    The market of small semi-refs did not take off indefinitely, as some people were expecting at the end of last year. Rates remained firm, however, despite a certain lack of molecules (propylene and VCM) which increased waiting times between voyages.

    New ethylene production capacities coming into service over the course of the next few years will be substantial, and it has motivated several players to order ethylene carriers. In total more than twenty ships of this type, of different sizes ranging from 5,600 to 10,000 cbm, have been ordered by seven different owners, at price levels varying between $ 25 to $ 40 million each, depending on size and specifications. These orders are spread between European shipyards for the smaller sizes, and the Korean or Chinese shipyards for the larger sizes. Confidence is therefore strong, comforted by some impressive figures on production forecasts out of the Middle East and the growing demand in Asia.

    Apart from ethylene carriers, the sector of newbuildings has been dominated by the pressurized ships, with some 42 units of 3,500 to 11,000 cbm ordered mainly with the small Japanese shipyards offering deliveries as from 2007, based on standard conditions of medium term charters with purchase options. Have past lessons already been forgotten?

    Most of these ships were ordered at price levels 40 % above those of 18 months ago! With such price levels, operating these ships will have to be sharp!

    Recent transactions:

  • 'Kempton'- 6,400 cbm ' 2000 ' prs ' 6/9 mths Nov. 05 ' $440,000/mth ' Aygas
  • 'Norgas Challenger' - 6,300 cbm ' 1984 ' ethy ' 12 mths ext Jan. 06 ' $450,000/mth ' Mitsui
  • 'Newmarket' - 6,250 cbm ' 1999 ' sr ' 12 mths Jan. 06 ' $430,000/mth ' A. Veder
  • 'Gaschem Atrice' - 7,650 cbm ' 1984 ' vcm ' 12 mths Jan. 06 ' $485,000/mth ' Primex
  • 'Riogas' - 7,300 cbm ' 1986 ' sr ' 2 mths Dec. 05 ' $550,000/mth ' Primex


    2005 was strongly marked by the confirmation of the revival of the various liquefied gas markets, whose main product prices and freight rates attained new heights. Will these soon be considered as 'ceiling' levels?

    Some operators in well defined sizes seem to think of this as the case, judging by some of the 'departures' seen during the course of the second half, or do they consider that other investments will be less risky or more favourable in the coming years?

    Others have taken the inverse position by entering into this market through the acquisition of secondhand ships, or by placing new orders at record prices!

    The FOB Saudi-Arabia contract prices of butane and propane were $ 585 and $ 575 respectively at the end of the year, whereas they were only $ 372 and $ 365 a year before, being an increase of 57 %!

    CIF prices have followed the same direction, with sometimes even greater increases, whereas those of freights have, on average, been less pronounced, being in a bracket of 25 to 50 % depending on the sizes and the types of ship being considered.

    We should again underline the very strong surge in bunker prices (nearly 175 % in a year), which somewhat modifies the actual increase in rates, but contributes even so to the escalation in freight levels.

    This evolution is certainly not likely to slow down, judging the continuous rise in oil prices and associated products. We evaluate the impact of the bunker price increases on freight rates to be about $ 6.50/ton on the round trip reference voyage MEG/Japan for a VLGC, and about $ 4/ton for an inter Med voyage for a 20,000 to 28,000 cbm vessel.

    It is interesting to note that the freight rates for sizes ranging from 20,000 to 85,000 cbm are all situated around a million dollars, more or less 15 %!

    Forecasts for the next two to three years remain optimistic, given the need to renew the fleet, the delays being experienced in deliveries of newbuildings, with shipyards full up until the end of 2009, and in face of the strong demand for energy and fertilisers, coming especially from the Indian Ocean and Asia, as well as the possible increase of LPG used as a feedstock for chemical gas.

    Given the heights already attained, any extension in the price increases and freight rates should, however, become less pronounced over the coming years.

    Several owners have made their entry or consolidated their presence in the gas market, attracted by higher returns and the prospects of an expanding sector. The specialisation by segment size and specific trades, however, remains important.

    In any case, the freight, newbuilding and the second-hand markets have definitely entered into a new cycle, characterised by higher prices, which, in return, will require the fundamentals to operate these ships commercially to remain available.

    Shipping and Shipbuilding Markets in 2005

    I N D E X

    FMC blocks the entry into force of the Gemini Corporation Agreement between Maersk and Hapag-Lloyd in trades with the USA
    It would become automatically effective on Monday, but the US agency requested more information
    In the first half of 2024, the traffic of goods in Russian ports fell by -3.1% percent.
    St. Petersburg
    Dry goods in decrease of 2.7% and dry bulk of -3.5%
    In the port of Klaipeda will begin the construction of a new cruise terminal
    It is expected that the work will depart this year
    Inaugurated the new Indian port of transhipment
    Inaugurated the new Indian port of transhipment
    The deep water heater in Vizhinjam is managed by the Adani Ports and Logistics
    In the second quarter, acts of piracy against ships, but not violence against seafarers, declined.
    In the second quarter, acts of piracy against ships, but not violence against seafarers, declined.
    London / Kuala Lumpur
    Reported 27 attacks compared to 38 in the April-June period of 2023
    Underwriting the agreement for the renewal of the Ccnl of the shipowner industry
    Overall increase to the average parameter (nostrome) of 202 euros
    Global Ports Holdings accepts takeover offer of the majority shareholder GIH
    The proposal includes the delisting of the company
    West Sicily's AdSP fagocytes the port of Sciacca in its jurisdiction
    The city administration announces the next signing of the delivery record between the Demanium Marittimo and the AdSP
    At Italian Rail Network the management of the last railway mile in the port of Gioia Tauro
    Joy Tauro
    Signed the act of granting the duration of 15 years
    The Parliament of Hamburg has approved in the first reading the agreement for the entry of MSC into the capital of HHLA
    71 votes in favour and 34 against
    In the first half of 2024 the traffic of goods in Turkish ports increased by 3.2%
    In the second quarter, volumes with Italy returned to growth after seven quarterly periods of decline.
    NovaAlgoma orders what will be the world's largest cementier ship
    Commissioned at Zhejiang Xinle Shipbuilding, it will have a gross grasp of 38,000 tons
    Appeal of the shipping industry for the modification of the Carbon Intensity Indicator
    Intrinsic flaws-explained six associations-counteract with the common goal of reducing greenhouse gas emissions in the maritime sector
    Japan's Oriental Land Co. enters the cruise industry by ordering a ship in Meyer Werft
    Japan's Oriental Land Co. enters the cruise industry by ordering a ship in Meyer Werft
    Papenburg / Urayasu
    It will carry out mini cruises with departure from Tokyo as part of a deal with Disney
    CMA CGM-Pasqal agreement to introduce quantum computing technologies in shipping and logistics
    The EU Commission has approved aid disbursed from Italy to the Caremar maritime services
    The in-depth investigation of the companies of the former Tirrenia group ended
    Royal Boskalis will acquire the entire control of Smit Lamnalco
    Deal to buy 50% percent of capital from Saudi group Rezayat
    Last year, intermodal shipments arriving and departing from Italy have significantly decreased.
    Recorded reductions of -8.8% and -13.1% respectively
    Almost total membership-they stress Filt, Fit and Uilt-at the strike days of port workers
    Genoa / Rome
    Waiting for a fair response in wage terms and protections
    Currently 90% per cent of ship arrivals in the port of Singapore are not scheduled
    "The effect of the crisis in the Red Sea could be aggravated by the next increase in container volumes," Minister Hon Weng said.
    Le Aziende informano
    ABB completa l'acquisizione del business di routing meteorologico di DTN per la navigazione
    La transazione è stata completata oggi, in seguito a un precedente annuncio di accordo con il gruppo globale di dati e analisi DTN
    Port Marghera inaugurated the work of the new container terminal Montesyndial
    Port Marghera inaugurated the work of the new container terminal Montesyndial
    Di Blasio : It is one of the most important and expected infrastructure works for veneta portuality and the productive fabric of the Northeast
    It expects the reduction of maritime traffic in the Panama Canal
    In the first five months of 2024, the transits of high-fishing vessels were 3,706 (-30.4%)
    Port concessions, Financial Economic Plans will have to be drawn up on the basis of a format drawn up by the ART
    The State Council has upheld the appeal of the Co. Na.Te. Co. towards the AdSP of Naples for the missed dredgers
    The trend of sensitive traffic growth in the port of Bremen / Bremerhaven continues.
    The hike is towed by the containers
    Maersk Supply Service will be acquired by Norwegian DOF Group
    Storebø / Kongens Lyngby
    Transaction of the value of more than 1.1 billion
    Assshipowners have no doubts : LNG is the useful fuel for decarbonisation of shipping
    A catalogue of alternative fuels available in every stopover-Messina highlighted-is not reasonably applicable to Italian ports
    The US Federal Maritime Commission puts the HMM under observation
    The South Korean company has been included in the list of "controlled carriers"
    Spread 41 million euros to improve competitiveness of Italian ports
    Resources also to make the rail and modal transfer more efficient within the scallots
    Maersk withdraws from race to acquire German DB Schenker
    Clerc : identified "areas of challenge in the perspective of an integration"
    Provisions on the licence plates of new vehicles are likely to damage the activity of port businesses
    Assiterminal and ANCIP, do not take into account the issues generated in the context of port operations
    The Danish government has set up a working group to ensure that the national shipping industry continues to be a leader
    The ports of Los Angeles and Long Beach invest in order to equip charging stations for electric trucks
    Los Angeles
    Allocated 25 million as part of the Clean Air Action Plan
    Acica rentals two new ro-pax ships that will ship from 2027 on routes between Italy and Greece
    Agreement with Swedish Stena RoRo that includes unit purchase options
    The Port of Los Angeles will enhance its capacity in the cruises segment
    Los Angeles
    Call for proposals for a new terminal and for the renovation of the World Cruise Center
    In May, freight traffic in Chinese seaports grew by 3.5%
    In May, freight traffic in Chinese seaports grew by 3.5%
    The only containers increased by 8.2%
    Crystal commissions two new high-end and next-generation cruise ships at Fincantieri
    Crystal commissions two new high-end and next-generation cruise ships at Fincantieri
    Munich / Trieste
    The agreement includes an option for a third unit
    Gianluca Croce is the new president of Assagents
    Gianluca Croce is the new president of Assagents
    Vice presidents have been named Aldo Negri, Roberto De Marchi, Carolina Villa and Maurizio Gozzi.
    Paolo Pessina will be the new president of the Federagents
    Paolo Pessina will be the new president of the Federagents
    The witness passage will take place on October 25, when Alessandro Santi will cease his term in office.
    The first July will become operational the first version of the Sardinia Port Community System
    The new telematics platform was presented today in Cagliari
    Houthi allegedly targeted two other MSC container carriers
    Portsmouth / Tampa
    The ships have regularly continued their journey
    Commesse for 63.4 million to Somec in cruise ship segment
    St. Vendemian
    These are units intended for Regent Seven Seas Cruises, Oceania Cruises and Disney Cruise Line
    Marsa Maroc will operate the Container Terminal East of the new port of Nador West Med
    Marsa Maroc will operate the Container Terminal East of the new port of Nador West Med
    Will have an annual traffic capacity of 3.4 million teu
    R-Logitech will come out of Euroports and be replaced by a new private majority shareholder
    The investment companies PMV and SFPIM have temporarily boosted their shares
    Hapag-Lloyd cooperates with ZeroNorth for the energy transition of its fleet
    Digital solution for fuel supply and bunkerage planning
    In February, Carnival reported revenue and record number of passengers.
    In February, Carnival reported revenue and record number of passengers.
    The crucieristic group predicts that strong growth will continue in 2025
    In the first quarter of this year, the traffic of goods in Romanian ports increased by 16.1%
    Strong drop in loads from and for Italy
    Paolo d' Amico has been confirmed as president of the Italian Naval Register
    Renewed the mandate for the four-year term 2024-2027
    Hamburg Commercial Bank has acquired the portfolio in the NIBC's naval credit segment
    Hamburg / L ' Hague
    It has a value of 992 million
    In the first three months of 2024, container traffic in German ports increased by 5.2%
    The overall volume of goods decreased by -1.1%
    US Secretary to the Navy enthusiastic about the acquisition of Philly Shipyard by Hanwha
    US Secretary to the Navy enthusiastic about the acquisition of Philly Shipyard by Hanwha
    He is the first Korean shipbuilder to land on American shores and-he specified-I am sure it will not be the last
    ALS Customs Services has acquired the Italian Battaglino Customs Services
    The Milan firm has 79 employees
    Approved the 2023 budget of Interporto Campano
    Confirmed Alfredo Gaetani (President) and Claudio Ricci (Managing Director)
    The Danish group SGL buys Brazilian Blu Logistics Brasil
    Agreement to acquire the entire share capital
    Saipem, commits for offshore activities in Azerbaijan
    In programme activity in the Azerbaijani waters of the Caspian Sea
    99.2% million of Fincantieri's 400 million capital increase subscribed to
    Majority shareholder CDP Equity has subscribed to new shares worth 285.8 million euros.
    On July 17, the public assembly in Assiterminal will be held in Rome.
    Messina (Assshipowners) : with the renewal of the Ccnl of the shipowner industry valid responses to the needs of workers
    At The Spice Container Terminal start the scallops of the 21,000-teu container ships of OOCL
    The Spezia
    Inaugurated the Onshore Power Supply plant of the port of Valletta
    Floriana / Geneva
    Every Wednesday "MSC World Europa" will connect to the electric grid of the stopover
    PSA, measures to mitigate congestion in the port of Singapore are having success
    In recent months, it has increased, among other things, the need to handle containers several times.
    Presented the XII National Report on the Economy of the Sea
    The sector generates a direct added value of 64.6 billion euros.
    Set up in the construction site of Ancona the construction of the extra-aluminum cruise ship Four Seasons I
    Fincantieri will deliver it by the end of 2025
    Hapag-Lloyd announces preliminary results of first semester
    The company believes that the second half of 2024 will be better than previous expectations.
    In May the traffic of goods in the port of Ravenna decreased by -3.0%
    The month of June is expected to decline by -3.3% percent.
    The economic-financial analysis of Fedespedi of containerized shipping companies
    Laying of the keel of the new ultra-luxury megayacht destined for Aman at Sea
    Ceremony in the construction site of St. George of Nogaro of T. Mariotti
    Danaos confirms order in China for five new container ships
    Four will have a capacity of 9,200 teu and one of 8,258 teu
    In Barcelona the first container terminal in the Mediterranean with electrified quay
    On Friday the inauguration of the Onshore Power Supply plant in Hutchison Ports BEST
    The revenue growth of Taiwanese Evergreen and Yang Ming continues
    Taipei / Keelung
    YML orders 9,100 new containers
    Inaugurated in Gioia Tauro the quay that will host the pole of naval reparations
    Joy Tauro
    Agostinelli : This year the container traffic in port will challenge the four million teu
    Chinese group Hengli will build a shipyard on the island of Changxing
    Investment of the value of 1.3 billion
    SFL Corporation renews with Maersk the rental of four container ships
    The capacity of ships will be high from 8,700 to 9,500 teu
    Prysmian, record of installation of a cable in ultra-deep waters
    Test for installation at -2,150 meters
    Germany's Rhenus has acquired 15% percent of France's C Chez Vous
    Is specialized in the delivery of goods weighing more than 30 kilograms
    Astilleros Armon delivered the dual-fuel ferry Margarita Salas to Baleària
    Can be powered to liquefied natural gas
    Brothers Cosulich orders two new chemical bunkering tankers
    They will be taken in delivery in the first semester of 2026
    Lineage buys the abruzzese supplier of Eurofrigor refrigerated warehouses
    Manages a refrigerated cell structure of more than 24,000 square meters in Controwar
    Fincantieri vara to Ancona the cruise ship Viking Vesta
    Los Angeles
    In mid-2025 it will be delivered to American Viking
    At the end the constructive phase of the port of Porto Torres
    Entrusted to a Technical Advisory Panel on the issue of the greatest costs of opera
    In China, the keel of the new ro-pax has been laid down. GNV Virgo
    It will be the first ship of GNV's fleet to be powered by liquefied natural gas
    Visual Sailing List
    Departure ports
    Arrival ports by:
    - alphabetical order
    - country
    - geographical areas
    In Genoa, the World Day of Ausile Navigation
    On August 22, IALA will assume the legal status of intergovernmental organisation
    SFL Corporation orders the construction of five container ships from 16,800 teu
    Commits the value of a billion dollars to New Times Shipbuilding
    In 2023, Fratelli Cosulich recorded financial performance second only to those records of 2022
    OMT (Accelleron) acquires the OMC2
    The Company manufactures high precision fuel injectors for marine, stationary and rail engines
    Last year, freight traffic in Dutch ports fell by -7.6% percent.
    The Hague
    Reduction of volumes in all major merceological compartments
    Chantier Naval de Marseille will retrofit two other cruise ships of AIDA Cruises
    They are part of the class "Sphinx"
    Genovese De Wave has acquired Inoxking
    The Company manufactures steel furniture and refrigeration systems for the maritime industry
    The downturn of container traffic in the port of Piraeus continues
    Hong Kong
    Overall, the volumes handled by the COSCO Shipping Ports network have been increased.
    MSC gets 97.71% of the capital of Gram Car Carriers
    In the coming days the acquisition of the remaining shares
    Hapag-Lloyd reiterates its own terminalist division
    A Hanseatic Global Terminals make 20 container terminals in 11 nations
    ADNOC Logistics & Services orders in Korea 8-10 new liquefied natural gas vessels
    Abu Dhabi
    They will be built by Samsung Heavy Industries and Hanwha Ocean
    Kombiverkehr is alarmed at the reduction of DB Cargo services for intermodal transport
    Frankfurt am Main
    The company is looking for alternative partners
    MSC ready to acquire 15% of ADR in Genoa Airport
    The shipowner group has submitted a binding proposal to buy
    Fincantieri will build a fourth NFS submarine for the Italian Navy Navy
    Commits of the value of 500 million euros
    Four major critical areas in view of the entry into force of the FuelEU Maritime Regulation
    Workshop on the theme of the Young Group of Confitweapon
    Technical Varo of the second of the four GNV ro-pax ships under construction in China
    The "GNV Orion", of 52,000 tons tsl, will be taken over in the summer of 2025
    Assshipowners have strengthened their structure
    Insertion into the organic of Simone Parizzi, Mattia Canevari and Cesare Crocini
    Japan's MOL acquires 25% of the logistics company Tanzaniana Alistair Group
    Port of Ravenna, over four million euros destined for new mediums of less environmental impact
    A ban on the replacement of the means currently operating in the quay
    Rosetti Marino, new committed for offshore EPC activities worth more than 400 million euros
    It envisages the realization of the topside of the gas production platform that will be installed off the coast of Libya
    They return to grow the revenues of the FedEx express courier
    In the coming months, a continuation of the current positive trend is expected.
    Assagents analyzes the impact on maritime traffic of the geopolitical crises in place
    On July 9 Adria Ferries will inaugurate a new ferry line between Italy and Montenegro
    Biweekly service between the ports of Ancona and Bar
    State Railways and Eni continue cooperation in the field of alternative fuels
    Mitsui O.S.K. Lines will have 72% of the capital of Gearbulk
    You will acquire an additional 23% held by Halberton Holding (Jebsen family)
    The Young Shipowners Group of Confitarma launches the website ItalianSeafarers
    Presented the training opportunities offered by the companies and the ITS foundations
    In 2023, passengers on MSC Crusere ships nearly doubled.
    The Explora Journeys business also started in August.
    EQT Infrastructure VI fund buys Constellation Cold Logistics
    Stockholm / London
    Owns and operates 26 refrigerated warehouses in Western Europe and Scandinavia
    UPS sells logistics company Coyote Logistics to RXO for more than a billion dollars
    Charlotte / Atlanta
    In 2023 the asset ceded generated a turnover of 3.2 billion
    CMA CGM restructure services in the Mediterranean
    Changes to the Euronaf and TMX 2 lines scaling several Italian ports
    The only retroport of the port of La Spezia is that of Santo Stefano Magra
    The Spezia
    Shipping agents and shipping agents and customs officers who say no to the hypothesis of other corridors said.
    Warriors (AdSP Livorno) : The TDT terminal must maintain its own merceological vocation
    We expect Grimaldi to develop plans to promote a real growth of containerized traffickers.
    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
    ShipownersShipbuilding and Shiprepairing Yards
    ForwardersShip Suppliers
    Shipping AgentsTruckers
    On July 17, the public assembly in Assiterminal will be held in Rome.
    Messina (Assshipowners) : with the renewal of the Ccnl of the shipowner industry valid responses to the needs of workers
    The assembly of Assagents will be held in Genoa on June 25.
    Event entitled " Mari inquieti. Routes and conflicts : the incognition of traffickers "
    ››› Meetings File
    Samsung, HMM clash in US over shipping rates
    (The Korea Times)
    Houthis Mount Biggest Month of Attacks on Ships This Year
    ››› Press Review File
    FORUM of Shipping
    and Logistics
    Relazione del presidente Stefano Messina
    Roma, 2 luglio 2024
    ››› File
    Emanuele Grimaldi has been re-elected as president of the International Chamber of Shipping
    Emanuele Grimaldi has been re-elected as president of the International Chamber of Shipping
    Confirmed for another two-year term
    Lorenzo Giacobbe is the new president of the Young People's Group of Assagents
    It will be joined by Vice Presidents Pietro Abbona and Andrea Pompei
    The ports of Trieste and Monfalcone are allied with those of Cartagena, Riga and North Sea Port
    Report on work in liguri ports
    It was carried out by the Italian Academy of Mercantile Academy
    Intermodal transport of prefabricated in concrete from Tuscany to Sardinia
    Collaboration between the Baraclit Group, the Logistic Pole of the FS Group and the GMake Group
    It continues the growth of containerized transhipment traffic in the ports of Algeciras and Valencia
    Algeciras / Valencia
    In May in the two shelves the transshipment containers increased by 8.4% and 12.0%
    Kombiverkehr, in 2025, will double in Germany the costs of using rail lines for the transport of goods
    Frankfurt am Main
    Krebs : in the worst case we will stop transport
    They rise to 88 the companies associated with Assiterminal
    Membership of seven new companies
    Brothers Cosulich acquired the genovese Slavetti Enzo
    It operates in the field of production and sales of hardware products for the shipbuilding and nautical industry
    Likely sinking of the renaissance Tutor attacked by the Houthis
    Signaled the sighting at sea of debris and hydrocarbon chiaths
    EU Council agrees to its position on new regulation on the European Maritime Safety Agency
    Also adopted the general approach on the regulation on the use of the capacity of the railway infrastructure
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