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Ports Of Genoa Publish Much Reduced May Traffic Figures

Ports of Genoa publish much reduced May traffic figures

Source: PortSEurope
Genoa, Italy (PortSEurope) June 30, 2020 – Despite the start of reopening the economy, May 2020 traffic figures are as low as figures for April. Commercial traffic closed at 3,996,561 tons, equal to -28.7% compared to the same month in 2019. Containers report a loss of 26.0%, higher than the April figure (-12.9%). Conventional traffic registered -30.4% against -44.0%, and liquid bulk which closed at -26.6% compared
to -45%. Containerized traffic May reported a historical negative result in the sector: the overall loss was -26.0%, equal to -62,096 TEU in absolute terms. In January-May 2020, the system recorded a loss of -7.0% for a total of 77,556 TEU. In other words, the month of May alone contributes about 80% of the negative result of the system during the year. While in the previous months, in the dynamic between exports and imports, it was possible to glimpse the relations between the closures in the various countries, in May the flows of goods in both directions suffered heavy impacts, demonstrating the global dimension of the emergency and the crisis economic that is arising. In terms of full containers, which most represent the link between maritime transport and production activities, exports confirm a contraction in line with the month of April (-20.1%), while imports suffer a sharp setback, very more significant than in the previous month (-30.8% against -12.9%). The widespread depression of movements produces effects on the entire logistics cycle and, therefore, weighs even more markedly on the movement of empty spaces, which recorded -30.4% in May. Conventional and rolling stock As regards conventional goods, which include rolling and specialized traffic, in May the Port System recorded a further heavy collapse (-30.4%), closing the month just above the 930,000 tons handled. This result, albeit negative, shows an improvement compared to the performance recorded in April (-44.0%). The results of the last quarter totally thwarted the good performance recorded in the first two months of the year, bringing the result of the first 5 months of 2020 to a net decrease (-20.3%) compared to the same period of 2019. The traffic rolling stock, the majority of the sector, was heavily penalized by the reduction in Ro-Ro ships Ro-Pax and services as a result of the restrictive measures due to COVID – 19. In the port of Genoa, it has declined by 25.4% during the month of May 2020, more contained than that recorded in April (-40.0%). The progressive performance of the first months of 2020 closed with a drop of 16.8% compared to 2019. As for the results recorded in the ports of Savona and Vado Ligure, the drop was 37.0% with a loss of approximately 390,000 tons (-22.2%) during the first five months of the year. The trend of specialized traffic also shows a negative trend, but with some differences between the various airports of the system. In particular, the port of Genoa halves (-48.8%) the performance recorded in May of last year closing the month just above 35,000 tons, while the progressive of the first five months of the year reaches 167,000 tons, equal to a drop of -33.3%, compared to 2019. The result is mainly due to a drop in the metal trading sector. For Genoa, the forestry and cellulose traffic recorded excellent performance, doubling the results for the same period of 2019. The extraordinary result of forestry goods is mainly due to the progress of the warehouse renovation works available to the terminal which has expanded the areas to provision for storage of goods. The ports of Savona and Vado Ligure record a decidedly more contained drop during the month of May (-1.8%), but a decidedly negative performance remains in the progressive of the first five months of 2020, which close with a heavy drop (-24 .7%). Also for Savona port, the drop is mainly attributable to the negative performance of metal products (-59.6%) which suffered particularly from the downturn in the industrial sector, especially the automotive sector, due to the restrictive measures imposed during the period. Liquid bulk In May 2020 there was a sharp drop in liquid bulk, due both to the drop in mineral oils (-26.6%) and to that of other liquid bulk (-11.2%). Also in this case, the shutdown of a large part of the production and transport activities has severely reduced the supply demand for these products. The mineral oils, despite raw material prices to historically lowest levels in decades, continue with volumes declining by closing the first five months of 2020 with more than 1.5 million tons decrease (-17.8%) over the same period of 2019. This trend has been consolidated for several years thanks to the increase in the import of edible vegetable oils, as well as industrial ones to be used in the production of biodiesel. For this reason, in the past 5 years, this product has registered an increase of about 55%. The vegetable oil and food bulk sector is among the few to show a decidedly positive performance. The month of May saw volumes more than doubled compared to those of the previous year, helping to close the first five months of 2020 with an increase of 18.7%. Solid bulk The solid bulk sector was not exempt from the particular economic moment that generated a drop in demand during the month of April (-50.6%) and showed an even worse result during that of May ( -57.8% ). The result of the first 5 months of the year is characterized by decidedly negative numbers. The overall volumes of the Port System recorded a drop of over 870,000 tons, equal to about 50% of the volumes recorded in the same period of 2019. Industrial function Also in May 2020, the industrial sector continues with the negative trend which is even more acute due to the general decline in demand from the industrial sector. In the month there was a decrease of 48.9% which brings the performance of the first five months of 2020 to -35.2%. This trend is attributable in part to the economic situation of the steel market in Italy and in part to the critical issues related to the industrial plan of ArcelorMittal which provides for a reduction in the production level at the Taranto plant. Passenger traffic The crisis that had previously characterized passenger traffic at the airports of the system registered a further shock in May, with a contraction of 97.2% compared to the same month of 2019, bringing the change in the cumulative to -69.8%. Specifically, due to the prolonged stop imposed by cruise lines, traffic marked -100% compared to May 2019, reporting a 74.6% decrease in the progressive, with 492,574 passengers less than in the first five months of 2019. As for passenger traffic by ferry ships, limited to a few services, there was a decrease of 91.8%, lower than last month (-96.4%), with only 9,338 passengers (+5,613 compared to April 2020 ), an indication of a, albeit slow, recovery in the sector. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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