Italian ports losing market share to southern Med

SRM report recommends less red tape and more funds allocated

22 November, 17:52

    Italy is losing positions in commercial shipping in the Mediterranean to its competitors Italy is losing positions in commercial shipping in the Mediterranean to its competitors

    (ANSAmed) - NAPLES - Italy is being taken down a few notches in the field of commercial shipping in the Mediterranean by its competitors, and not only European ones. The ''Economic Relations between Italy and the Mediterranean Area'' report by the Naples-headquartered SRM center for economic studies and research shows that between 2005 and 2012, the main hubs for port traffic in the southern Mediterranean saw their market share increase from 18% to 27%, thanks to the progress made by such facilities as Tanger Med and Port Said - ports posing stiff competition for transhipment hubs in southern Italy. The gap may grow even wider, as the report shows that southern Mediterranean countries are investing in development of their infrastructure. Tunisia, for example, allocated over 4.2 billion euros for the transport sector for the 2012-2014 period.
    The study notes that the Mediterranean boasts 19% of world maritime traffic, and that the area is becoming ever more an obligatory route for large shipping companies, which continue to focus on large ships for economies of scale and thus give preference to the Suez Canal in the East-West route. Italy could relaunch itself as a strategic axis for Mediterranean traffic, as not only does it meet geographic requirements but also trade ones since 76% of trade in the Med area is 'via sea'. The report recommends that Italy seek to take advantage of development opportunities connected with maritime traffic by getting rid of infrastructural problems at Italian ports. To do so, Italy should improve efficiency of the logistics process and reduce the amount of time needed for goods to go from ports to consumers, streamline bureaucratic and procedural regulations for port operations, and ensure that funds are allocated for the development of facilities. (ANSAmed).

    © Copyright ANSA - All rights reserved

    Business opportunities

    The information system of business
    opportunities abroad

    News from Mediterranean