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Editor in chief: Angelo Scorza
08/10/18 10:58

First figures related to Genoa's port traffic after Morandi Bridge collapse

In August the port of Genoa lost 14.5% of trade traffic. Passengers are increasing

After the data related to port charges recently disclosed, the Western Ligurian Sea Port Authority published the first figures related to traffic volumes after the Morandi bridge collapse.

The data concerning August illustrate the impact of the accident on port traffics as it occurred at mid-month and since, according to the Port Authority, at the end of August the 2018 trend was still positive (+1.4% in trade traffic, with 34.6 million tons handled).

As the body's president Paolo Emilio Signorini had already disclosed, the number of ships increased (673 compared to 651 in August 2017), but handled freights witnessed a drop: -14.5% tons.

While conventional traffic remained steady (0.6%) thanks to ro-ro, container and mineral oils traffics recorded a significant decrease (-17.9% and -17.6% respectively).

Especially the drop in mineral oils traffic results from the interruption of cargo railway lines (in July mineral oils witnessed a 3.9% growth, while their annual trend was 5.2%). As concerns containers, the decrease in traffics (-1.7%) started in July, contributing to the general negative performance of the entire port (-1.3%). Although in August the decrease was greater (-24.5% and -10.9%), two of the main container terminals (VTE and Spinelli) were already recording negative results (-7% and -1.5%). Similarly, the Sech terminal's trend, confirmed in August (+17.2%), had already started in July (+23.4%), also due to internal transfers (for instance, the transfer of the Maersk's ME2 service from VTE to Sech in June), as well as to the Bridge.

Therefore, the fact that in August ro-ro (+2.3%) increased seems to emphasize that the main cause of the drop for the port was the interruption of the railway, and that the greatest damage for the road-haulage sector concerned internal road systems between port docks rather than Po Valley routes. This implies the need for the Port Authority to distinguish between slowdown, possible lengthening of routes, lost round trips and actually lost services before talking about (and maybe granting by decree) self-certified figures.

As regards August, solid bulk cargoes and steel products (although with a lower impact given the overall tons, 23.000 and 125.000) recorded a greater decrease (-35.5% and -39.4% respectively). On the contrary (despite the -15.4% total), the decrease in bunker and on-board supplies recorded a slight decrease (-3-3%), proving that, in spite of some logistics difficulties, ships are still being supplied in Genoa.

On the other hand, passenger traffics recorded +4.2% for ferries (565,000) and 5.2% in cruises (94,000), with higher values than the progressive trends of the entire year (+2,6% and +3,3%).




TAG : Ports