Wednesday, December 25, 2024
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HomeNewsMarseilles Fos Q1 box, bulk and cruise growth eases oil trend

Marseilles Fos Q1 box, bulk and cruise growth eases oil trend

General cargo improved 1% to 4.3MT, led by 2.8MT in container tonnage.  In unit terms, box traffic rose 9% to 287,929 teu, with monthly throughput hitting a landmark 100,000 teu in both February and March.  The performance was boosted by two new services, a Fos-Spain/Italy feeder and a direct line between Marseilles and Libya.  These helped to stabilise container volumes at Marseilles and drive an 11% increase at the Fos terminals.  Elsewhere in the general cargo sector, conventional trades dipped 1% to 0.7MT and ro-ro fell 10% to 0.8MT after industrial disputes at two operators in January.   

Dry bulk traffic climbed 19% to 3.6MT, restoring pre-economic crisis levels.  Backed by rising coal imports, the main increase stemmed from steel industry demand for ore imports, which grew 23% to some 2.5MT.  However, agro-bulks were down 8% on 0.26MT after falling grain prices weakened barley and corn exports.      

Meanwhile the oil-led liquid bulks sector slumped 14% to 10.9MT.  Crude oil and petroleum products totalled 10.1MT, down by 1.8MT and 16% on the first three months last year.  With refining margins collapsing at three local plants, crude imports for national refineries were 21% worse on 5.1MT, while crude volumes for South European Pipeline delivery fell 19% to 0.54MT.  Refined products dropped 2% to some 2.9MT, while LNG finished 27% worse on 0.97MT and LPG was 9% down at 0.6MT.  In contrast, liquid chemicals and agro-products improved 17% to 0.9MT thanks to biofuel exports and a 70% increase in caustic soda exports from the Kem One plant in Lavera, which was saved from closure last December and is now about to be modernised.  

Passenger throughput rose 18% to 315,000 on the back of soaring cruise numbers.  While ferry carryings fell 25% to 117,000, cruise passengers were up 79% to 198,000 – an increase of 87,000 on Q1 last year that confirms the cruise sector now commands a year-round season. 

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