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Europe

Cosco Shipping Ports profits down by 15%

Cosco Shipping Ports profits down by 15%

Shanghai - The board of directors of Cosco Shipping Ports announces the consolidated results of the Company and its subsidiaries for the year ended 31 December 2016. In line with its strategic objective of globalisation,Vado Container Terminal in Italy was also key investments

Montecargo profit falls in 2016

Montecargo profit falls in 2016

Podgorica - Montenegrin majority state-owned rail cargo operator Montecargo said its net profit fell to 12,789 euro ($13,895) in 2016 from 53,717 euro a year earlier. The company’s operating profit decreased 12.9% to 6.2 million euro, while operating costs declined 4.3% to 6.2 million euro

Passenger traffic, Genova over 3 million mark

Passenger traffic, Genova over 3 million mark

Genova - Genoa’s Stazioni Marittime terminal posted positive results, with the recently approved 2016 budget showing a net profit of €840,620, and a turnover of around €23.5 million. During the past year, in fact, 3,110,432 passengers passed through Genoa, including cruise and ferry passengers, a 4.4% increase

Messina, English-for-seafarers course concluded

Messina, English-for-seafarers course concluded

Genova - The first course on maritime English was successfully concluded in Genoa; the result of an agreement between the Italian Merchant Marine Academy Foundation and the Ignazio Messina Group, the project involved three classes, each with 15 participants

Ancona presents its managing Committee

Ancona presents its managing Committee

The managing Committee for the Port System Authority of the Central Adriatic Seahas been formed, with Rodolfo Giampieri as chairperson. The board includes Giulio Piergallini, Tommaso Coletti, Ida Simonella, Francesco Saverio Ferrara, Raniero De Angelis, Rinaldo Veri

North Africa

The African giant is in motion / ANALYSIS
281 ships transit the Suez Canal in 6 days carrying 15.8m tonnes
Egypt industry races to fill void as trade gap to narrow $11-12 bln in 2016
Egyptian court confirms 20-year prison sentence on Mursi
Goldman Sachs wins $1.2 bln dispute with Libyan sovereign fund

Middle East

Iran sanctions 15 US firms, citing Israel ties

Iran sanctions 15 US firms, citing Israel ties

Teheran - Iran has imposed sanctions on 15 U.S. companies for alleged human rights violations and cooperating with Israel, the state news agency IRNA reported on Sunday. The agency quoted Iran’s foreign ministry as saying the companies had “flagrantly violated human rights” and cooperated with Israel

Greece, Israel sign agreement in shipping

Greece, Israel sign agreement in shipping

Athens - Greece and Israel on Monday signed a bilateral maritime transport agreement that aims to upgrade the legislative framework governing Greek-Israeli bilateral ties in shipping and lead to a deeper strategic partnership between the two countries in the transport sector

First mega-ship calls at Israeli port

First mega-ship calls at Israeli port

Haifa - The largest ship ever to dock in an Israeli port arrived at the port of Haifaon Thursday. The 13,092-TEU “Maersk Elba” container ship arrived at the Carmel Terminal the morning of February 2. It was operated on by four STS cranes with an average productivity of 136 containers per ship hour

The new Black Sea port / REPORTAGE

The new Black Sea port / REPORTAGE

IN 2016 container traffic in Black Sea, except Turkey, fell by 12,2 % year over year during the first nine months of the year to 1,72 million teus excluding transshipments.

Conxion handles large boiler for Qatar Fertilizer

Black Sea

The new Black Sea port / REPORTAGE

The new Black Sea port / REPORTAGE

IN 2016 container traffic in Black Sea, except Turkey, fell by 12,2 % year over year during the first nine months of the year to 1,72 million teus excluding transshipments.

Bulgarian shipping company Navibulgar to buy 4 ships for US$32m
ZIM and MSC introduce a new joint Black Sea service
Outlook for Vard Holdings remains dim

Outlook for Vard Holdings remains dim

Singapore - Vard has been diversifying away from the oil and gas sector to boost orderbook but OCBC Investment Research warns client restructuring remains a hassle. VARD Holdings has been hit hard by the downturn in oil prices

’Ndrangheta: nuclear waste trafficking

’Ndrangheta: nuclear waste trafficking

La Spezia - His contact was “an inspector from a nuclear power plant in Bulgaria”,the alleged plan was to import radioactive waste into Italy, with the complicity of organized crime; at the centre, Vittorio Petricciola, an accountant from La Spezia, who was arrested as part of an investigation