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Diana closes US$80.5 million public offering

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

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

Record at Genoa’s PSA Terminal

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”

 Premuda, shares held by Generali zeroed out

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

North Africa

Palm Sunday bombings of Egyptian Coptic churches kill 44
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

Middle East

Troubled Taiwan shipping line Yang Ming cuts Iran service
Korean companies in Saudi “Vision 2030”

Korean companies in Saudi “Vision 2030”

Seoul - Large number of South Korean companies will participate in Saudi Arabia’s Vision 2030 project to promote its seven major industries. South Korean Minister of Trade, Industry and Energy Joo Hyung-hwan visited Riyadh, Saudi Arabia, from April 3 to 4 and held discussions with Khaled Al-Faleh, minister of energy

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

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