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05 January 2025 - Year XXIX
Independent journal on economy and transport policy
14:24 GMT+1
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NOL sees heavy losses for first half, red ink for whole year
(Shipping Times)
September 16, 1998
Asian crisis, low freight rates dampen outlook for national carrier

By Marcus Hand

[SINGAPORE]

National shipping line Neptune Orient Lines (NOL) expects to report "quite substantial" losses for the first half of this year due to the combined effects of the Asian economic turmoil and low freight rates.

"For the first half, losses will be quite ......
Read more on Shipping Times
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FROM THE HOME PAGE
PORTS
With over 3.9 million TEUs, in 2024 the port of Gioia Tauro set a new record for container traffic
Joy Taurus
Decrease in cars handled at the Calabrian airport
PORTS
Assonat and Assiterminal, the cancellation of the measure to increase the fees for maritime state concessions is a good thing
Rome
Serra: the TAR ruling reaffirms the importance of dialogue between public administration and users
PORTS
The duration of the Agencies for the provision of work in ports and for professional requalification has been extended by 18 months
Rome
ACCIDENTS
Port State Control Inspections Begin on Eagle S
Helsinki/Brussels
NATO decides to increase the Atlantic alliance's military presence in the Baltic Sea
PORTS
In 2024, Tanjung Pelepas Port recorded a new all-time record in container throughput
Iskandar Puteri
Over 12.2 million TEUs were handled (+16.9%)
PORTS
Works worth over 57 million euros for the energy infrastructure in the port of La Spezia
The Spice
Electrification of the New Cruise Pier and new hydrogen generators
LOGISTICS
Assologistica, the new rules on reverse charge discipline in the Budget Law are good
Milan
Rapid issuance of the implementing provision by the Revenue Agency is hoped for
PORTS
The electrification of the docks of the ports of Sardinia starts from Portovesme
Cagliari
Almost 52 million euros of works planned
SHIPPING
Arkas Line ships to reach India
Izmir
Turkish company to merge three services in the Mediterranean
SHIPPING
Two lanes of ship transit tested in a 10km section of the Suez Canal
Ismailia
They are located in the area of the Little Bitter Lake
SHIPPING
Suez Canal Transit Decline Costs Egypt Seven Billion Dollars
Cairo
In 2024, naval traffic decreased by more than -60%
PORTS
Port of Valencia, monthly traffic down after over a year of growth
Valencia
Decrease in volumes in all main product sectors
ACCIDENTS
Underwater cables damaged in the Gulf of Finland at Christmas
Helsinki
Oil tanker "Eagle S" stopped, part of shadow fleet operating for Russia
PORTS
Cargo traffic at Chinese seaports increased by +3.2% in November
Beijing
Foreign goods increased by +6.1%. Containers increased by +4.9%.
PORTS
TIL (MSC Group) - JNPA Agreement for the Construction of Vadhvan Port
Uran
The new airport is located on the western coast of India
PORTS
Shanghai is the world's first port to handle over 50 million containers in a year
Shanghai
SIPG highlights strong productivity gains achieved by introducing automation boost in Yangshan area
SHIPPING
Yang Ming to acquire up to 13 new 8,000-15,000 TEU containerships
SEAFARERS
Eight amendments to the International Maritime Labour Convention enter into force today
Geneva
Changes introduced to improve living and working conditions on board ships
CRUISES
Carnival posts record performance for September-November quarter
Miami
Revenues increased by +10.0% in the period
LEGISLATION
Uniport appreciates that the port reform is taking place through a delegated law and trusts (!) in the government's willingness to open a dialogue with the operators
Rome
ASSOCIATIONS
Søren Toft (MSC) is the new president of the World Shipping Council
Washington
Vice President is Randy Chen of Wan Hai Lines
LEGISLATION
"SHIPS for America Act" Introduced, Bipartisan Bill to Strengthen U.S. Shipping Industry
Washington
Among the proposals, carrying up to 10 percent of imports from China on U.S.-flagged, U.S.-crewed, U.S.-built ships
PORTS
Port company established in Gioia Tauro for the provision of temporary work
Joy Taurus
Another 70 will be added to the 50 workers currently registered in the Port Agency's lists
SHIPYARDS
Navantia Signs Agreement to Acquire All Four Harland & Wolff Shipyards
London/Madrid
Commitment to safeguarding a thousand jobs, ensuring the protection of rights and working conditions
PORTS
In the third quarter, freight traffic in French ports decreased by -7.3%
Paris
Strong growth in containers (+14.0%). Other types of cargo decline
ASSOCIATIONS
Thomas Kazakos to be the next Secretary General of the International Chamber of Shipping
London
He will take over from Guy Platten in June
PORTS
Three years after the inauguration ceremony, construction work begins on the new Senegalese port of Ndayane
Dubai
Investment of 1.2 billion dollars
ACCIDENTS
Fatal accident in the port of Genoa
Genoa
A 52-year-old Culmv worker dies and a colleague is injured. A 24-hour strike has been called
PORTS
In the second quarter of this year, cargo traffic in Greek ports increased by +1.4%
PORTS
Container Traffic Growth at Ports of Los Angeles and Long Beach in November
Los Angeles/Long Beach
Increases of +15.9% and +20.9% respectively were recorded
INTERMODAL TRANSPORT
Lineas and Hupac collaborate on intermodal connections between Belgium and Italy
Brussels
The Belgian company will provide rail traction, while the Swiss one will take care of intermodal services
PORTS
Report highlights progress made in reducing emissions in Tuscan ports
Leghorn
Emissions produced by maritime traffic account for 88.1% of the total
LOGISTICS
Assologistica, the application of the Reverse Charge for VAT purposes in the logistics sector is good
Milan
The association expressed appreciation for the government's intention to seek EU authorization
PORTS
An EU Commission study analyses the environmental challenges faced by European ports
Brussels
Particular attention to supporting initiatives for the sustainability of small and medium-sized ports
PORTS
Busan Port Set to End 2024 with Record Container Traffic of 24.3 Million TEU (+5.0%)
SHIPPING
HMM to return to transatlantic routes
Seoul
New Northern Europe-West Coast USA service. Also inaugurated is an India-Northern Europe line
LOGISTICS
New logistics company GTS Horizon established in Verona
Bari
It was founded by the GTS group and Simone Gatto De Chirico (De Chirico Srl)
RAILWAY TRANSPORT
In the third quarter, freight transported on Austrian railways increased by +1.8%
Vienna
In the first nine months of 2024 the increase was +1.7%
LOGISTICS
Uiltrasporti, the reverse change of VAT in the budget law is good
Rome
Verzari: we hope that this measure will be made structural in the future
COMPANIES
Circle acquires Telepass Innova's Infomobility and Telematics business units
Milan
The value of the transaction is 6.2 million euros
PORTS
Tender for construction of Albanian port of Porto Romano restarted
Durres
The deadline for submitting bids has been set for February 7th.
SHIPPING
Eukor secures renewal of contracts for exporting cars from Korea and China
Lysaker
The expected value of the agreements is $4.2 billion.
PORTS
PSA Singapore Sets New Annual Container Traffic Record
Singapore
The 40 million TEU mark was reached on December 24th
COMPANIES
US-based FTV Capital makes offer to acquire Windward
London
London-based company develops technological solutions for shipping
OFFSHORE
American Halliburton buys Norwegian Optime Subsea
Noted
European company develops technologies for underwater operations
SHIPPING
Grimaldi took delivery of the multipurpose ro-ro Great Cotonou
Naples
Next month it will be launched on a new service of the group between China and Nigeria
ASSOCIATIONS
Federagenti has appointed 24 "ambassadors"
Rome
They have been protagonists in the profession of maritime agent for over 60 years
FINANCING
Ports of La Spezia and Marina di Carrara, over five million allocated for the green transition
The Spice
Funds for the purchase of electric or hydrogen vehicles
PORTS
In November, freight traffic in the ports of Genoa and Savona-Vado increased by +4.3%
Genoa
In the first eleven months of 2024, an increase of +1.1% was recorded
PORTS
In the first 11 months of 2024, traffic in the port of Trieste grew by +6.4% thanks to mineral oils
Trieste
A decrease of -8.2% was recorded in the port of Monfalcone
NEWS
Over two and a half quintals of cocaine seized in the port of Genoa
Genoa
The drugs were inside a refrigerated container coming from Ecuador
PORTS
Manca (Sardinia Region): Promises of allocation of resources for the Kalport agency not fulfilled
Cagliari
Urgent meeting requested with Minister of Labor
PORTS
Increases in port fees in the ports of Bari and Brindisi
Bari
Leone: we are committed to adopting measures that do not impact traffic and users
NEWS
Large quantity of cocaine seized in the port of Olbia
Sassari
39 kilos of drugs discovered hidden in a minivan
INTERMODAL TRANSPORT
From January Hupac will intensify intermodal connections between Belgium and Italy
Noise
The frequency of the shuttle train between Busto Arsizio and Padua will also increase
PORTS
Port of Ancona, provisional concession granted to Fincantieri plant
Ancona
The new concession will last 40 years
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
PORTS
In November, freight traffic in the port of Barcelona fell by -3.7%
Barcelona
Container handling is growing (+6.3%), but not the weight of containerized cargo (-6.9%)
OFFSHORE
Saipem awarded new offshore contract by Shell in Nigeria
Milan
For the Italian company it has a value of around 900 million dollars
LEGISLATION
Rixi briefly illustrates the port reform
Rome
Creation of a publicly controlled company to manage investments and represent the Italian port system
RAILWAY TRANSPORT
Agreement between RFI and RSE for the study of a magnetic levitation freight transport system
Milan
SAFETY & SECURITY
Maritime safety, agreement signed at MIT to simplify verification procedures
Rome
Inspection and certification activities may be carried out by specifically accredited bodies
PORTS
In the first eleven months of 2024, cargo traffic in Russian ports decreased by -2.0%
St. Petersburg
Both dry goods (-2.1%) and liquid bulk (-2.0%) are decreasing
LOGISTICS
Log In acquires 19,600 square meters of space at Interporto Toscano Amerigo Vespucci
Kansas City
It is the fourth acquisition in Italy of the Theoreim group company
OFFSHORE
Prysmian wins two EPCI contracts from French RTE, potentially worth €700 million
Milan
The laying of approximately 640 kilometers of land and underwater cables is planned
PROGRESS AND TECHNOLOGY
Testing of an autonomous port tractor in the port of Wilhelmshaven
Wilhelmshaven
It will be launched next year by Eurogate, MAFI, ICT Group and Embotech
SAFETY & SECURITY
Intesa Fincantieri - Sparkle for the protection and surveillance of submarine cables
Trieste
The two companies will analyze the requirements to improve the security of the infrastructure
PORTS
Barcelona terminal operator BEST has ordered two new super post-Panamax quay cranes
Barcelona/The Hague
APM Terminals announces completion of work to increase capacity at MedPort Tangier terminal
COMPANIES
Wärstilä sells Automation, Navigation and Control System to Swedish investment company Solix
Helsinki
In 2023 ANCS recorded revenues of 200 million euros
PORTS
Cisl, speed up the choice of the president of the Port System Authority of the Eastern Ligurian Sea
The Spice
Necessary to implement works and investments
PORTS
Works awarded for the expansion of the container terminal in the port of Koper
Coper
The works will be completed by the end of 2027
PORTS
Container traffic in the port of Hong Kong fell by -4.2% last month
Hong Kong
In the first eleven months of 2024 the decline was -5.0%
ACCIDENTS
Two Russian oil tankers crash near Kerch Strait
Fly
One of the 27 sailors of the two crews died
PORTS
Monthly Container Traffic Declines at Port of Singapore
Singapore
Over 3.3 million TEUs were handled in November (-0.4%)
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
MEETINGS
A conference on the implications of geopolitical crises for ports and maritime transport in Venice on Thursday
MEETINGS
Conference for the 30th anniversary of WISTA Italy
Genoa
It will be held tomorrow at Palazzo San Giorgio in Genoa
››› Meetings File
PRESS REVIEW
Iran signs over $1.8b investment contracts with private sector for ports development
(Tehran Times)
North Korean tankers transport over one million barrels of oil from Russia
(NK News)
››› Press Review File
FORUM of Shipping
and Logistics
Autorità di Regolazione dei Trasporti
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
COMPANIES
Contship Italia dedicates a locomotive to the memory of Cecilia Eckelmann Battistello
Melzo
The special livery commemorates his life and career
FINANCING
EBRD loan for the enhancement of multipurpose terminals at the ports of Casablanca and Jorf Lasfar
London
Funds up to 65 million euros
PORTS
Zero Emission Port Alliance Report on Future Port Electricity Demand
The Hague
The importance of strengthening port electrical infrastructures was highlighted
ASSOCIATIONS
Paolo Potestà confirmed as president of ANGOPI
Rome
Vice Presidents are Giovanni D'Angelo, Marco Gorin, Ettore Rosalba, Mario Ciampaglia and Alessandro Serra
LAW
Criminal proceedings filed against the heads of the AdSP of the Southern Tyrrhenian and Ionian Seas
Joy Taurus
The absolute groundlessness of the crime report was recognized
CRUISES
In the July-September quarter, revenues of TUI's cruise division grew by +8.9%
Hanover
In the entire financial year 2024, the increase in turnover was +28.1%
SHIPPING
MSC orders ten new 24,000 TEU containerships from Hengli Heavy Industry
Dalian
Contract worth over 2.3 billion dollars
INDUSTRY
RINA to conduct pre-FEED study for carbon capture and storage project in Malaysia
Genoa
Assigned by PETRONAS CCS Solutions
ASSOCIATIONS
European Network of Maritime Clusters Board of Directors Renewed
Rome
Maire confirmed as president. Vice-presidents are Nathalie Mercier-Perrin, Javier Garat Pérez and Biagio Mazzotta
PORTS
New step for the establishment of the port company ex art. 17 in the port of Gioia Tauro
Joy Taurus
Local Advisory Committee Meeting
PORTS
PSA Italy to close 2024 with a +3% growth in container traffic in the ports of Genoa and Venice
Genoa
SHIPPING
The negative trend in revenues of Evergreen, Yang Ming and WHL continued in November
Taipei
RAILWAY TRANSPORT
InRail has expanded its operating area to include French territory
Genoa
The company has become fully operational on the Mediterranean Corridor
MEETINGS
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
TRADE
Moderate growth in the value of global trade in goods continues
Geneva
The increase for the whole of 2024 should be around +2.7%
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