Page 152 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - MARTIOS 2023
P. 152

ANALYSIS



                                                                                                                                                                                                       Which types and sizes of ships domi-
                                                                                                                                                                                                       nated the maritime transport that
                                                                                                                                                                                                       crossed the Mediterranean Sea, and
                                                                                                                                                                                                       which countries were their main des-
                                                                                                                                                                                                       tinations? How strongly are recent
                                                                                                                                                                                                       developments reflected in the global
                                                                                                                                                                                                       orderbook?

                                                                                                                                                                                                       VOYAGES IN THE
                                                                                                                                                                                                       MEDITERRANEAN SEA
                                                                                                                                                                                                       According to MarineTraffic data pro-
                                                                                                                                                                                                       vided exclusively to Naftika Chronika, in
                                                                                                                                                                                                       the second half of 2022, 14,450 tanker,
                                                                                                                                                                                                       gas carrier, and bulk carrier crossings
                                                                                                                                                                                                       through the Strait of Gibraltar and the
                                                                                                                                                                                                       Bosphorus Strait were recorded. 66%
                                                                                                                                                                                                       (9,540) concerned ships crossing the
                                                                                                                                                                                                       Straits of Gibraltar, while 34% (4,910)
                                                                                                                                                                                                       ships crossing the Bosphorus Strait.
                                                                                                                                                                                                       For tankers and gas carriers the most
                                                                                                                                                                                                       important sea passage throughout the
                                                                                                                                                                                                       second half of 2022 was the Strait of
                                                                                                                                                                                                       Gibraltar, whereas for bulk carriers the
                                                                                                                                                                                                       Bosphorus Strait. Based on MarineTraf-
                                                                                                                                                                                                       fic data, in the second half of 2022, no
                                                                                                                                                                                                       LNG carriers crossed the Bosphorus
                                                                                                                                                                                                       Strait.
                                                                                                                                                                                                       Most of the activity in the Strait of
                                                                                                                                                                                                       Gibraltar involved tankers. 53% of the
                                                                                                                                                                                                       Gibraltar Strait crossings were tanker
          MARITIME TRAFFIC:                                                                                                                                          Due to the dramatic changes in maritime   crossings, 5% were LNG carrier cross-
                                                                                                                                                                     traffic over the past year in the shadow
                                                                                                                                                                                                       ings, 4% were LPG carrier crossings, and
                                                                                                                                                                                                       38% were bulk carrier crossings. On the
                                                                                                                                                                     of the Russian invasion of Ukraine, the
          THE IMPACT                                                                                                                                                 shipping landscape has seen each of  other hand, 91% of ships crossing the
                                                                                                                                                                                                       Bosphorus Strait were bulk carriers,
                                                                                                                                                                     the main types of oceangoing shipping
                                                                                                                                                                                                       which is not surprising, given that the
                                                                                                                                                                     playing an important role. However,
          OF THE GEOPOLITICAL                                                                                                                                        amid the ensuing energy and food crisis,   crisis in Eastern Europe caused signifi-
                                                                                                                                                                     LNG carriers, tankers and bulk carriers
                                                                                                                                                                                                       cant disruptions to maritime traffic and
                                                                                                                                                                                                       the transfer of goods from ports in the
                                                                                                                                                                     were the types of ships that were most
          CRISIS ON THE                                                                                                                                              affected and made the headlines inter-  Black Sea was focused on food and fer-
                                                                                                                                                                     nationally.
                                                                                                                                                                                                       tilizer exports.
                                                                                                                                                                                                       The above is also confirmed by the
                                                                                                                                                                     As the second quarter of 2022 was a
          MEDITERRANEAN SEA                                                                                                                                          period of adjustment to the new reality   sizes of bulk carriers that crossed the
                                                                                                                                                                                                       Bosphorus Strait: 76% were Handysize
                                                                                                                                                                     of maritime trade, shipping traffic in the
                                                                                                                                                                     second half is particularly interesting.  bulk carriers, and 12% were Handymax
                                                                                                                                                                     The three critical factors that shaped  bulk carriers, which means that only 12%
          by Manos Charitos                                                                                                                                          the maritime freight map were the bar-  were medium-to-large and large-size
                                                                                                                                                                     rage of LNG carrier arrivals in Europe,   bulk carriers. In addition, the tankers
                                                                                                                                                                     the bulk carriers that left the Black Sea   that crossed the Bosphorus were also
                                                                                                                                                                     under the Ukrainian grain export agree-  small-size vessels. None of the tankers
                                                                                                                                                                     ment, and the transportation of Russian   was of over 60,000 dwt capacity.
                                                                                                                                                                     oil to the East.                  Clearly, a significant proportion of
                                                                                                                                                                     Amid the ongoing changes severely   smaller-size vessel activity is to be
         The Mediterranean Sea is one of the most important geographical regions for global mar-                                                                     impacting maritime trade - notably the   expected, given that small-size vessels
         itime trade as three critical sea passages are located within it, i.e. the Suez Canal,                                                                      embargo and caps on Russian oil and its   usually travel distances and make a
         the Bosphorus Strait and the Strait of Gibraltar. Thousands of different ships sail                                                                         derivatives - the next day for shipping   greater number of voyages than larger
         across its waters each year on their way to one of the hundreds of ports worldwide.                                                                         traffic appears turbulent.        vessels over the same period.


         152                                                                                                                                                                                                                       153
   147   148   149   150   151   152   153   154   155   156   157