Grimaldi: “Marebonus is running aground”

Rome - “The ‘Marebonus’ is running aground.And doing incalculable damage to Italy’s economy. The road haulage companies believed in the ‘Marebonus’ [i.e. Sea Bonus] to such an extent that they directed their investments to more and more intermodal transportation”


S&P cuts China’s credit rating, citing increasing economic, financial risks

London - “The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China’s economic and financial risks,” S&P said in a statement, adding that the ratings outlook was stable.


Turkey’s enemy of interest rates targets banks

Ankara - Turkish President Tayyip Erdogan is encouraging businesses to borrowand spend to power the economic growth that has underpinned his long rule. But after years of expanding credit, some Turks are wary


Logistics, Swiss railways in the red

Zurich - As for everyone in the transport sector, SBB Cargo Switzerland started out 2017 on the upswing. The semester result experienced a net drop of four million Swiss Francs to -25 million. In particular, there was a significant drop in export/import traffic, and also a contraction in full wagon traffic


Port of Genoa, a new crane for Spinelli

Genova - A new crane for Spinelli:the Genoese terminal ordered another Konecranes Gottwald Mobile Harbour Crane for the port of Genoa’s docks. The order was completed in August and the equipment will be delivered in October. It is the fifth crane that the Genoese group has ordered since 2013

Scorpio Tankers in the red for the quarter

Scorpio Tankers in the red for the quarter

Monaco - Scorpio Tankers listed $32.5 million in costs on their balance sheet in supportof the transaction associated with the acquisition of Navig8 Product Tankers. The finalisation of the agreement made the company the leading group in the product tankers sector

Thyssenkrupp, Tata Steel agree to forge Europe’s No. 2 steelmaker
UniCredit signals interest in Commerzbank merger to Berlin
Hurricane Maria slams Puerto Rico with high rains, storm surge
SAAR celebrates its 85 years of history

SAAR celebrates its 85 years of history

Genova - Last monday in Genoa (Palazzo San Giorgio),SAAR Depositi Portuali celebrated 85 years of history. The anniversary was celebrated with the presentation of a book that runs through the company’s history, from the 1930s to the present

Cruise traffic drops in Italy but grows in La Spezia
Desperate night search in Mexico school, other ruins as quake deaths pass 200
Strong tremor felt in Mexico City, buildings shake
Pounding Caribbean, Hurricane Maria rips off an ‘avalanche of roofs’ in Dominica
Leonardo’s concerns about the STX matter