Venice, Italy (PortSEurope) November 8, 2019 – Freight traffic handled by Venice and Chioggia ports in January to September 2019 is estimated at 19,631,603 tons, down 3.97% compared to the same period last year. The figure represents an average weighted between the negative result of the port of Venice (-5.3%) and the positive result of the port of Chioggia (+34.8%).
The percentage decline is not in itself particularly significant if we consider the historical trend of flows that in Venice tend to record a negative peak in the third quarter and is indeed in line with the 2018 and 2017 data. It is rather the slowdown of the first semester 2019, corresponding to the slowdown in international trade, that weigh on the overall volumes, which are reduced proportionately uniformly on the main types of cargo: energy, food, iron and steel and chemicals.
In contrast is the container sector: in the first three quarters of 2019, in fact, the overall balance appears negative (-3.8% equal to -17.729 TEU) but, considering only the full containers that actually produce value on the territory, the result returns in positive (+0.7% equal to +2.371 TEU). The reduction in the draft of the Venetian port weighing heavily on the direct service has been significant in this sector.
The difficulties of the steel industry are evident, suffering a 9.3% decrease in traffic in the first nine months of the year due to the decrease in bulk steel trade. The uncertain performance of the sector has persisted since last September and shows a scenario where the major producers are waiting to understand the moves of some leading sectors, such as the automotive sector, hit by protectionist measures. Forecasts show an improvement in trade only from the end of the first quarter of 2020.
Even the food industry sees a decrease in volumes moved by 15.7% compared to the same period in 2018. In particular, the lower supplies of maize (-49%), common wheat (-43%) and soybeans (-10 %). The increase in landings of soybean meal (+22%) compensates, with a sharp increase in the European market where the U.S. has diverted part of the quotas reserved for China to date.
The 1.7% increase in cruise passengers recorded between January and September 2019 confirms the good result year on year (+1.4%). The port of Chioggia records positive results in the first nine months of 2019 (+34.8%, equal to +245,000 tons) compared to the same period last year. The result is mainly due to the growth in the minerals, cements and limes sector (+21.4%) and to various goods (+72.6%) which also include exceptional parcels and steel products.
“The ports have lost about 800,000 tons in 2019”, summarizes the president of Autorita’ di Sistema Portuale del Mare Adriatico Settentrionale (AdSP – Northern Adriatic Sea Port Authority) Pino Musolino. “The Venetian airport, with its industrial vocation, is affected by the scenario of international uncertainty which, fueled by the commercial war between the United States and China, has lasted for almost a year and has a serious impact on the European manufacturing chain. The negative result, therefore, is the result of the global commercial and industrial dynamics but also of the bureaucratic impasse that prevents us from carrying out the necessary excavation work in such a way as to preserve and improve nautical accessibility. The most glaring example is the loss of the 8,500 TEU container-carrying vessel that was to have docked at Venice last October, consolidating our role along the new Silk Road”.
Autorita’ di Sistema Portuale del Mare Adriatico Settentrionale (AdSP – Northern Adriatic Sea Port Authority) is the manager of both ports.
Source: Autorita’ di Sistema Portuale del Mare Adriatico Settentrionale
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