THE Mediterranean currently hosts 13 per cent of global shipping volumes, an increase of four per cent over 2005, reports Hellenic Shipping News of Piraeus.
Shipping traffic in the region grew 123 per cent in the last 13 years, according to a study by Italian economic research group Studi e Ricerche per il Mezzogiorno (SRM).
The results of the annual report, called Italian Maritime Economy, showed that in 2013, the top 30 Mediterranean ports handled in 44 million TEU, up from 9.1 million in 1995, representing an increase of 382 per cent increase.
An SRM analysis of port areas in Europe, North Africa and Asia found that the port areas of the Mediterranean (the eastern shore, the western shore and the southern shore) handled 33 per cent of global container traffic in 2014, a gain of eight per cent over 2008.
Container shipping growth is concentrated in the southern Mediterranean, especially Tanger Med, which closed 2014 moving three million TEU, an increase of 20.7 per cent over 2013.
Other fast growing ports garnering leading positions in the Mediterranean are Piraeus, which grew by 400 per cent over the 1995-2013 period, arriving at a total of 3.1 million TEU in 2014; Algeciras, which raised volumes by 300 per cent to 4.3 million TEU; and Port Said, where volumes soared 1,500 per cent to four million TEU.
"In the last 10 years, the Mediterranean has greatly increased its traffic, and it will rise again with the opening of the second Suez Canal. Not only Naples, but all Italian ports are standing by watching, yet this is a unique opportunity for growth," said the president of the Neapolitan lender Banco di Napoli, Maurizio Barracco.
WORLD SHIPPING
10 June 2015 - 20:55
Mediterranean hosts 13pc of world shipping, Italian study finds
THE Mediterranean currently hosts 13 per cent of global shipping volumes, an increase of four per cent over 2005, reports Hellenic Shipping News of Piraeus.
WORLD SHIPPING
10 June 2015 - 20:55
Mediterranean hosts 13pc of world shipping, Italian study finds
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