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Italy waving goodbye to container transhipment

At 2.31M TEU, MCT Gioia Tauro was off a further 5.7%, whilst CICT Cagliari was off a massive 49.4%, handling just 219,000 TEU

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Italy waving goodbye to container transhipment

MCT and CICT are in serious decline. MCT already lost 12% in 2017 to 2.449M TEU, while CICT was down by 35% at 0.43M TEU. Both MCT and CICT are operated by Eurogate affiliate Contship Italia SpA. MCT’s problems are well-known, whilst CICT has lost out because key customer Hapag-Lloyd switched Western Med transhipment business to the Contship Italia-managed terminal at Morocco’s Tanger Med.

 

Overall volumes for Contship Italia Group over the first nine months of 2018 aggregated 3.3M TEU, down 7.6% year-on-year.

 

For calendar 2018, Contship Italia’s flagship gateway terminal, LSCT La Spezia, was down 2.4%, to 1.345M TEU.

 

Italy’s biggest gateway terminal, Voltri Prà (PSA Sinport). was down 1.2% to around 1.583M TEU.

 

TDT Livorno was down 4.3% to 512,683 TEU, although Lorenzini Livorno saw its traffic increase by 23.2% to 208,434 TEU. CoNaTeCo Naples was up 19.3% to 486,187 TEU, and GPT Genoa (Spinelli) was up 10.1% to 400,931 TEU. TMT Trieste saw traffic increase by 14.5% to 625,767 TEU. Vecon Venice witnessed a modest 1.4% increase to 303,997 TEU, and TIV Venice was up by 6.6% 331,000 TEU. SECH Genoa (GIP) was up 1.8% to 314,494 TEU.

 

All-told, the Port of Genoa (five terminals handling containers) handled 2.624M TEU, remarkably unchanged from 2017 despite the Morandi Bridge collapse in August.

 

For the 30 terminal operators and other port companies handling containers in Italy, total throughput was 10.259M TEU, down 1.4% on 2017. Hence gateway and regional import/export ports are faring much better than the transhipment sector, confirming the trend of recent years.

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