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23/04/19 11:28

Morandi Bridge impact on Genoa port: here are final figures

AdSP published a detailed report showing how the bridge collapse affected trade, port duties and port workers calls

Eight months after the tragedy Port System Authority of the Western Mediterranean published a report showing how and how much the Morandi bridge collapse hurt port economy in Genoa.

The disaster particularly affected container business and steel products but also rolling cargo and Compagnia Unica (CULMV) workers calls.

After illustrating trade data recorded in Genoa and Savona, the document signed by Port Authority, helmed by Paolo Signorini, focuses on Genoa pinpointing major differences in growth/drop between 2018 and 2017 in the first 7 and last 5 months of the year.

From January 1st to July 31st containers trade showed overall 3.6 % growth, while between August and December a 6.2% drop (in TEU) was recorded; rolling cargo, which soared by 5.5% (in tons) in the first 7 months, showed 1.9 % drop in the last 5, various commodities switched from +16.5% to +6.1% (iron and steel products were particularly affected).

On the other hand timber products showed 17.6% drop in the first 7 months versus 2017 while after August they soared by 13.1%.

Petroleum products recorded +5.2% growth on July 31st and subsequently recorded + 1.8% and so did veg oils (from +13.1% to -6.5%) and wine (from + 12% to -26.9%).

Finally, chemical products recorded -0,3% in July and subsequently reached -7.8% (in tons).

According to the Authority's report August figures showed overall -16.6% drop versus 2017 but the last 5 months of the year showed 6.2% decrease, the whole year is in line with 2017 but the last 5 months showed 6.2% drop”.

Year 2018 recorded 2,609,138 TEU decrease, namely 13,049 TEU absolute drop (-0.5%).

Export represents 60% of the whole containers handled in Genoa, over 1.2 million TEU full containers were loaded and 826,000 were discharged; empty containers discharged were 450,000 TEU.

Trade to the Far East reached 34% of the total (over 700,000 TEU full), followed by North Africa  (235,000 TEU) and the Middle East (190,000 TEU).

Regarding ro-ro trade, Genoa exceeded 8.8 million tons (+4% versus 2017), recording a different trend before and after the bridge collapse.

“From January to July the rolling cargo sector showed 5.5% increase, while in 2018 last 5 months a tiny 1,9% increase was recorded, while solid and liquid bulks shows fluctuating results”.

Regarding Savona and Vado Ligure some products were hurt by last 29th November exceptional weather events which particularly damaged port structures causing -6.3% drop in rolling cargo handling in November and December versus former 10 months 13% growth; steel recorded -19% versus +41.9%.

Moreover labour figures in Genoa port showed stable figures in 2018 first 7 months (129,899, +0.6% versus  2017), while between August and December working days dropped by 4.7% (88,747 versus 93,172).

According to port authority overall working days were 222,309, namely 3,663 drop versus 2017.

Nevertheless despite the Morandi disaster port duties recorded + 1.5 million Euro in 2018 versus former year (from 55 to 57 million Euro); 50 % of the whole port duties and extra tax is given by containers, while bulk cargo produces 37%.

Nicola Capuzzo       

 

TAG : Ports
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