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Iron ore has further to fall to knock out unconventional supplies

London - The problem for industry participants is how to wrestle with the factors that have driven, or are likely to drive, prices for the rest of the year.

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World’s top two shipyards signal more orders

Seoul - The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South Korea’s shipyards may finally be emerging from two years of restructuring. Daewoo Shipbuilding & Marine Engineering Co. averted a payment crisis this month after bondholders agreed to a debt revamp

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Diana closes US$80.5 million public offering

Athens - Diana Shipping,a global shipping company specializing in the ownership of dry bulk vessels, today closed its previously announced underwritten public offering of a total of 20,125,000 common shares, par value US$0.01 per share, at a price of US$4.00 per share

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Record at Genoa’s PSA Terminal

Genoa - A record operation for the PSA Terminal in Genoa Voltri-Pra’.Two large container carriers came to port and were handled at the same time: they were UASC’s “Al Nasriyan”, a 15,500-TEU ship, and the 13,000-TEU “Hyundai Hope”

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Premuda, shares held by Generali zeroed out

Milan - Consob yesterday formalised the total liquidation of 65.687% and 5.915% shareholding packages in Premuda held by Navigazione Italiana, which is being liquidated, and Assicurazioni Generali. Trading of the shipping company Premuda’s shares on the stock exchange was suspended indefinitely on 31 March

Livorno, profits at €10.7 million

Livorno, profits at €10.7 million

Livorno - With profits for the year after taxes at €10.7 million,a budget surplus of €47.4 million, of which €14.4 million are available, the Port Committee of Livorno’s Port Authority approved the final balance sheet for 2016 today

Civitavecchia, Di Majo approves the budget

Civitavecchia, Di Majo approves the budget

Civitavecchia - The Port Committee approved the 2017 forecast budgetof the Port System Authority of the North Central Tyrrhenian Sea with 18 voting in favour and two against. The nay vote of Civitavecchia’s Mayor Antonio Cozzolino was due to the lawsuit between the City and the Port Authority over the agreement of 2015

Tanker firm Frontline files legal complaint against DHT
A slow decline in break bulk cargo at Italian ports / FOCUS
Shale & crude: logistics sector still watchful / FOCUS