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11 December 2024 - Year XXVIII
Independent journal on economy and transport policy
11:01 GMT+1
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Original news
Further improvement in Finnlines' quarterly financial results
Around the end of the year, orders for three new ro-pax ships
Helsinki
November 5, 2024
In the third quarter of 2024, the shipping company Finnlines of the Italian shipping group Grimaldi has recorded a further improvement in financial performance, positive trend that began the previous quarter. In the July-September period of this year, the company's revenues are amounted to 189.2 million euro, with an increase of +7.0% on the previous year. same quarter of 2023. EBITDA was of €57.1 million (+35.6%), operating profit of €34.5 million (+88.0%) and net profit of €27.9 million (+84.6%).

In the third quarter of 2024, Finnlines' ships transported about 355 thousand passengers, with a sharp increase of +40%, and the number of trucks embarked also grew (+11%), with 195 thousand vehicles. On the other hand, the number of cars not in tow is decreasing of passengers, equal to 16 thousand vehicles (-54%), and other goods with 304 thousand tons (-5%).

Commenting on the latest quarterly results, the president and managing director of Finnlines, Tom Pippingsköld, has focused on the impact on the activities of the company of the New European environmental regulations for shipping: «From the beginning of this year - he recalled - maritime transport has been included in the emissions trading scheme. Starting from the year the FuelEU regulation will also enter into force Maritime that will further define the future of shipping. To align with these advanced environmental standards, Finnlines has was forced to sell old ships that were not efficient since the energy point of view or that they did not comply with the new emission regulations and requirements. To comply with the new environmental regulations and achieve lower CO2 emissions, Finnlines has invested over half a billion euros in the most currently available with huge battery banks and other innovative technologies to reduce emissions. For regarding the green transition, Finnlines currently has in tender procedure to select shipbuilders to to order three new ro-pax ships using green fuels, who will join the Finnlines fleet on our route Helsinki-Travemünde. The goal is to sign orders at the end of 2024 or the beginning of 2025".
››› News file
FROM THE HOME PAGE
NATO Summit on Underwater Infrastructure Security
Brussels
Countering threats through innovation, technology, detection and monitoring
PSA has completed the acquisition of 85% of the capital of the Polish Loconi
Gdynia
The remaining 15% is in the hands of ATC Cargo
Assiterminal presents its proposals to ensure competitiveness and sustainability to the Italian port system
Assiterminal presents its proposals to ensure competitiveness and sustainability to the Italian port system
Genoa
Central themes are those of work, governance, energy transition and digital transition
In October, naval traffic in the Suez Canal fell by -51.6%
In October, naval traffic in the Suez Canal fell by -51.6%
Cairo
In the first ten months of 2024 the decline was -49.1%
FMC asks Premier Alliance for more information before authorizing VSA
Washington
It was supposed to come into effect in the US on December 12.
Agreement signed for the renewal of the contract for the logistics, freight transport and shipping sector for the period 2024-2027
Rome
It provides for salary increases of 230 euros for non-travelling staff and 260 euros for travelling staff.
Assarmatori, the Italian government's position on the EU ETS is good
Brussels
Messina: Corrective actions introduced by the European Commission are insufficient
During yesterday's meeting of the European Council on Transport, Telecommunications and Energy, delegations from Bulgaria...
US agency FMC launches investigation into ban on landing in Spain imposed on three US ships
Washington
Uiltrasporti, no to unregulated self-production in ports
Rome
Instead - the union highlighted - the exodus support fund for port workers should be made enforceable
UNCTAD: World trade value expected to reach new record high in 2025
UNCTAD: World trade value expected to reach new record high in 2025
Geneva
2024 is about to end with the record figure of 33 thousand billion dollars (+3.3%)
A study highlights the importance of the CII index for the decarbonisation of shipping, provided that it is not limited to the “sea voyage” alone
A study highlights the importance of the CII index for the decarbonisation of shipping, provided that it is not limited to the "sea voyage" alone
London
UCL and UMAS analysis on reducing GHG emissions by reducing ship waiting times
Shell and Equinor 50:50 Joint Venture for UK Offshore Market
Stavanger/London
Expected production for 2025 is over 140,000 barrels of oil per day
FEPORT welcomes Greece's commitment to amend its tonnage tax regime
Brussels
The act for the rebalancing of the concession in charge of Venezia Terminal Passeggeri has been signed
Venice
Federagenti's management team completed
Rome
Four vice-presidents and the president of the yacht section appointed
Fincantieri has delivered the new cruise ship Viking Vela to Viking
Trieste/Los Angeles
It can accommodate 998 passengers
Freight traffic in the ports of Genoa and Savona-Vado Ligure increased in October
Genoa
Increases of +2.5% and +21.9% respectively were recorded. The decline in cruises continues in both ports
The government of Montenegro wants to bring the port of Adria back under state control
The government of Montenegro wants to bring the port of Adria back under state control
Podgorica
Will evaluate the possible acquisition of the majority stake in the Turkish Global Ports Holding
China's seaports handled record cargo traffic for October
China's seaports handled record cargo traffic for October
Beijing
Containers amounted to over 24.4 million TEU (+6.2%)
Stable traffic of goods in the port of La Spezia in the period July-September
Stable traffic of goods in the port of La Spezia in the period July-September
The Spice
In Marina di Carrara a decrease of -15.6% was recorded
In La Spezia they don't want a "parachuted" president of the AdSP
The location of the construction site for the bridge over the Strait of Messina has been defined in the port of Gioia Tauro
Joy Taurus
AdSP's proposal to avoid interference with port activity accepted
OYAK and OIA funds will invest in the Turkish port of Iskenderun
OYAK and OIA funds will invest in the Turkish port of Iskenderun
Ankara
Construction of a container terminal planned
T&E calls on EU to limit ship speeds and increase use of wind power
Brussels
The organization's summary report on the shipping industry's progress towards decarbonization
Extend the customs corridor to export and transshipment goods in the port of La Spezia
The Spice
This was discussed during a meeting between the AdSP and the Customs Agency
After Maersk, Hapag-Lloyd also signs an agreement with the Chinese Goldwind for the supply of green methanol
Hamburg/Beijing
Expected delivery of 250 thousand tons of fuel per year
Messina (Assarmatori): yes to the environmentalist push, but the timing and methods are wrong
Rome
Local regulations, often untimely - he explained - have the sole effect of moving traffic outside the Old Continent
Port of Ravenna, final visit of the EU representative to the project "Ravenna Port Hub: Infrastructural Works"
Ravenna
The European contribution was over 30 million euros
PSA Italy to close 2024 with a +3% growth in container traffic in the ports of Genoa and Venice
Genoa
Increases of +4.1% at PSA Genova Pra' and +19.4% at PSA SECH; drop of -14.0% at the PSA Venice-Vecon
The negative trend in revenues of Evergreen, Yang Ming and WHL continued in November
Taipei
Positive percentage change year-on-year
InRail has expanded its operating area to include French territory
Genoa
The company has become fully operational on the Mediterranean Corridor
A conference on the implications of geopolitical crises for ports and maritime transport in Venice on Thursday
Venice
Moderate growth in the value of global trade in goods continues
Moderate growth in the value of global trade in goods continues
Geneva
The increase for the whole of 2024 should be around +2.7%
47% of German maritime imports of green hydrogen will be able to pass through the port of Hamburg
Hamburg
The airport will be able to cover 10-18% of total national demand by 2045
Methanol delivery from land to a ship was performed for the first time in China
Beijing
79.5 tons of fuel loaded in 2.5 hours
MSC Air Cargo Pilots Sign Contract
Rome
Uiltrasporti gives particular weight to the fixed part of wages
Importance of cold ironing highlighted for emission reduction in Marseille-Fos port
Marseille
The effect deriving from the new SECA zone is also significant
In November, freight traffic in the port of Ravenna increased by +21.5%
Ravenna
Cruise passengers down by -46.8%
Federazione del Mare and Wista Italy sign a memorandum of understanding to promote gender equality
Genoa
The aim is also to promote the sustainability and development of the maritime sector.
Four new electric rubber-tyred gantry cranes for the port of Koper
Helsinki
They were ordered by Luka Koper from Konecranes
In the second quarter of 2024, freight traffic in Belgian ports grew by +2.7%
Brussels
In the first half of the year the increase was +1.6%
Global Ship Lease has purchased four 9,115 TEU containerships with an average age of 8.5 years
Athens
Total investment of 274 million dollars
MSC Technology expands its headquarters at Lingotto in Turin and hires new staff
Turin
Approximately 2,000 square meters of new spaces discovered
The Cretan port of Souda will be equipped with a maritime station
Athens
Investment of 12.29 million euros
In the first nine months of this year, Attica's after-tax profit fell by -24.4%.
Athens
Revenues up 27.4% following Anek merger
In the first nine months of 2024, freight traffic in the port of Palermo decreased by -2.5%
Palermo
Cruise passengers increased by +5.1%
La Spezia-based Zephyr Group acquires Singapore-based Twinco and German Carl Baguhn
The Spice
The two companies operate in the sector of spare parts and components for diesel and gas engines
Rixi, without the revision of the ETS, European maritime fleets will continue to suffer a competitive disadvantage
Rome
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
PSA Italy continues to purchase equipment for Marghera terminal
Genoa
Order worth a total of 8.5 million euros for three electric rubber-tyred gantry cranes
Corsica Sardinia Ferries looking for crew
I go to Liguria
The profiles sought are different, for the machine, bedroom and kitchen areas
Agreement for the digital integration of the systems of the FS Logistics Hub and the Western Liguria AdSP
Genoa
New Eastern Mediterranean - Adriatic service via Malta by CMA CGM
Marseille
It will have a weekly frequency
Brussels approves €1.9 billion in state aid for German railway company DB Cargo
Brussels
Wista Italy Board of Directors Renewed
Milan
Costanza Musso confirmed as president
Maersk Completes Orders with Three Shipyards for 20 New Containerships
Copenhagen
Yangzijiang Shipbuilding has orders for six 17,000 TEU ships and two 9,000 TEU ships. Hanwha Ocean and New Times Shipbuilding have ordered six units of 15,000 TEUs each
Biagio Mazzotta takes on the role of vice-president of the Sea Federation
Rome
Assonave President to be Candidate for Vice President of ENMC
ESPO calls on the new EU Commission to maintain and strengthen the CEF programme
Brussels
The exhortation is also to better adapt it to the needs of ports and their stakeholders.
Training agreement renewed between the AdSP of the Central Northern Tyrrhenian Sea, the ITS Academy "G. Caboto" and the Escola Europea
Civitavecchia
Consultation on extending the UK ETS to the maritime sector
London
Shipping would be included from 2026
MSC Completes Acquisition of Minority Stake in HHLA
Hamburg
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
A conference on the implications of geopolitical crises for ports and maritime transport in Venice on Thursday
Conference for the 30th anniversary of WISTA Italy
Genoa
It will be held tomorrow at Palazzo San Giorgio in Genoa
››› Meetings File
PRESS REVIEW
North Korean tankers transport over one million barrels of oil from Russia
(NK News)
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
ONE Acquires Stake in Jakarta's NPCT1 Container Terminal
Singapore
It has a traffic capacity of 1.5 million TEU per year.
Transped orders a Konecranes Gottwald mobile crane for its Porto Marghera terminal
Helsinki
It will be taken into delivery in the second quarter of next year
Dutch Raben Group and Swiss Sieber Transport form joint venture
Oss/Berneck
Will take over the Swiss company's groupage transport business
Dachser & Fercam Italia has opened a new branch in Arezzo
Bolzano
Three thousand square meters of operational surface and 400 of offices
Fincantieri signs an agreement with SIMEST for the growth of supply chain companies
Milan/Trieste
Conference for the 30th anniversary of WISTA Italy
Genoa
It will be held tomorrow at Palazzo San Giorgio in Genoa
Sardinian Port Staffing Plan Approved
Cagliari
There are 938 workers from the 36 companies operating in the ports
Saipem awarded offshore EPCI contract by BP in Indonesia
Milan
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