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“The port of La Spezia is growing, but action must be taken on the docks” / INTERVIEW

La Spezia - Laghezza: “There have been no investments for twenty years. We need new infrastructure”

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NAFTA talks intensify. U.S. seen putting off key demand on autos

Washington - Talks to update the North American Free Trade Agreement intensified on Saturday although U.S. negotiators looked set to once again withhold proposals for one of the Trump administration’s most challenging issues.

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Saga Cruises expands fleet with second new build ship

London - Spirit of Adventure is expected to be delivered in Summer 2020, joining the Spirit of Discovery which sails in July 2019.

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China’s small factories fear “rail Armageddon” with orders to ditch trucks

Beijing - Government orders factories to boost rail use in war on smog , follows truck bans in some major ports

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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”

Failing dam creates new crisis on Puerto Rico amid flooding from Maria
S&P cuts China’s credit rating, citing increasing economic, financial risks
Logistics, Swiss railways in the red

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

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

Port of Genoa, a new crane for Spinelli

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

Turkey’s enemy of interest rates targets banks
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