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Europe

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

Grimaldi: “Marebonus is running aground”

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”

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

North Africa

Egypt exports seen up 10 percent for year, China fastest growing investor
Egypt cuts transit fees through Suez Canal by half
East Libyan elite forces snub ICC over warrant for commander
Anti-migrant ship in trouble refuses help from NGO
Egypt train crash kills 36, injures more than 100

Middle East

Saudi Aramco could disclose accounts early 2018
US fears hamper Iran’s animal feed imports
Iran ready for free trade with regional countries
Afghanistan seeks speedy development of Iranian port
Russia to give €1.2bn to Iran for power plant project

Black Sea

Turkey’s enemy of interest rates targets banks
At least 18 dead as Russian bus falls into sea

At least 18 dead as Russian bus falls into sea

Moscow - Russian authorities say at least 18 people are dead after a bus packedwith construction workers fell into the sea in a southern region near Crimea. The federal Investigative Committee said the accident occurred at about 8 a.m. on August 25 as the bus was carrying workers after a shift building a pier

ASRV keel laying at Damen Galati

ASRV keel laying at Damen Galati

Galati - Construction of the DAMEN Antarctic Supply Research Vessel (ASRV) has taken an important step forward with an official keel laying ceremony, the company said. Following the long-established maritime tradition of placing a coin under the vessel’s keel, the ceremony was carried out by Nick Gales

Russia-Indonesia trade turnover up 14% in 2017
Russian Eurobonds: foreign investors took 85%