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Genoa Port Sees Reduced September Performance

Genoa port sees reduced September performance

Genoa Port Sees Reduced September Performance

Genoa, Italy (PortSEurope) October 11, 2018 – Genoa port registered revenue down 20-25% in the month of September 2018, following the August collapse of the Morandi bridge which severely affected land transport links between the port, the city and the hinterlands. This slowed businesses substantially. This could produce an annual loss of €700 million.

Paolo Emilio Signorini, president of Autorita’ di Sistema Portuale del Mar Ligure Occidentale (AdSP – Western Ligurian Sea Port Authority), presented these figures to the Chamber of Deputies, a decline that with the reopening of the freight railway lines to the north could improve, but the emergency remains.

“We are asking for 50 million a year to buffer the situation”, said the president.

The emergency has also affects port workers with around 5,000 work days lost, down 16% on the same period of 2017, and comes with reduced wages for workers.

Source: Genova24

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