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Port Network Authority cruise sector study

Covid presents Livorno with the bill

by Port News Editorial Staff

The crisis that has devastated the cruise sector, in Italy and around the world, could also have a disastrous impact on Livorno’s economy, generating between 53 and 64 million euros in lost revenues in 2020.

This is highlighted in a study carried out by the North Tyrrhenian Port Network Authority’s Development, European Programmes and Innovation Department presented today in a webinar dedicated to the cruise sector and the blue economy.

The analysis is based on some dramatic certainties. The data updated to May 8th disclosed by Porto di Livorno 2000 cruise terminal, reveals that a total of 179 calls have been cancelled in Livorno, 50% of the total. In 2020 the port of Livorno was expected to handle 897,720 passengers, with an increase of 6.8% on 2019 (Risposte Turismo’s data).

Taking these figures as a starting point, the report analyses two scenarios: a positive one, based on the possibility that cruise ships will set sail again in September and a negative one, based on activities resuming in January 2021.

In the first case, the net loss that Livorno port could incur over the year would amount to almost 54 million euros (an estimate that includes three items of expenditure: passengers, crews and technical-nautical services). In the worst-case scenario, Livorno’s economy could lose up to a maximum of 64.6 million euros (59.5 million without counting bunkering costs).

“The situation we’re in is one of absolute uncertainty” comments the president of Risposte Turismo, Francesco Di Cesare. “It gets difficult to predict whether or not cruises will start again between now and the end of the year. However, the large shipping companies are very solid financially and are able to cope with this economic tsunami without too many losses.”

Translation by Giles Foster

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