SERVICES

Europe

Greece, lenders reach initial agreement on bailout review
Plastic in the sea, Federagenti alliance

Plastic in the sea, Federagenti alliance

Porto Cervo - Federagenti, the Federation of Maritime Agents, has launched a truly multifaceted alliance to prevent and combat the emergency. Crews and officers on ship duty will participate in real time monitoring and reporting of concentrations of plastic waste

Leisure boating construction on the rise

Leisure boating construction on the rise

Viareggio - The leisure shipbuilding sector is among those with the highest growth rate in the Italian economy. The value of new builds in 2017 amounted to 2.3 billion euro, with a growth of 14%. The biggest contribution comes from the inboard motor segment.

Italian shipping, 3.5 billions in foreign investments

Italian shipping, 3.5 billions in foreign investments

Porto Cervo - Shipping is the sector that attracts the most foreign investments in Italy, between acquisitions, mergers and partnerships. Over the last ten years almost sixty companies have been either totally or partially acquired, or subsidised

Gioia Tauro, unions still worried

Gioia Tauro, unions still worried

Gioia Tauro - SOS calls for the port of Gioia Tauro, just as the Italian government launches the port’s Special Economic Zone (SEZ). The calls for help originate from the Filt-Cgil, Fit-Cisl, Ugl-Mare and Sul trade unions. “The current situation - they explain in a release - is beyond belief”

North Africa

Tunisians to vote in first free municipal elections amid economic gloom
Ansaldo Energia signs contracts worth €240 million in Tunisia

Ansaldo Energia signs contracts worth €240 million in Tunisia

Genoa - Ansaldo Energia has signed contracts in Tunisia for the construction of an electricity power plant and related services for a total of €240 million. The contract, signed with the Société Tunisienne de l’Élecriticité et du Gaz (STEG), relates to the construction of an open-cycle gas-fired power plant

Libya examines Total-Marathon purchase, casting doubt on deal
Libya tries to pick itself up again post collapse / ANALYSIS
Suez, doubts and expectations three years after the expansion

Middle East

China launches new Iran train route
Russia says it is possible to discuss Iran deal’s future without U.S.
Iraq, BP sign Kirkuk oilfield development contract
Russia to electrify Iran Northern Railroad project
Air France to scale down its Iran business

Black Sea

New orders for Crimean shipyards

New orders for Crimean shipyards

Yalta - RF Government is set to develop a plan for filling the order backlog of Crimean shipbuilding and ship repairing yards up to 2030 within a couple of months, says Dmitry Rogozin, Deputy Prime Minister of the Russian Federation

Romania’s seaports cargo traffic down 0.2 pct in 2017
Rail shortages are hitting Ukraine’s grain expansion

Rail shortages are hitting Ukraine’s grain expansion

Kiev - Ukraine’s grain industry is thriving, but its expansion is being hobbled by an aging railway. The entire rail network is operated by state-run Ukrzaliznytsya, hauling about two-thirds of all grains that go from farmers’ fields to the the country’s ports in the Black Sea area

Turkey earns nearly $400M from roads, bridges

Turkey earns nearly $400M from roads, bridges

Ankara - Turkey earned 1.46 billion Turkish liras ($387 million)in tolls from two bridges on the Istanbul Strait as well as toll roads in 2017, according to data released Wednesday by the state Highways Directorate. The July 15 Martyrs’ Bridge and the Fatih Sultan Mehmet Bridge, together yielded around 362.32 million liras

Vard records improved results in 3Q

Vard records improved results in 3Q

Singapore - Vard Holdings Limited,one of the major global designers and shipbuilders of specialized vessels, announced its financial results for the third quarter and nine months ended 30 September 2017. VARD recorded a revenue of NOK 2.01 billion in 3Q 2017, up 33%