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Europe

EU lawmakers back exports control on spying technology
Saimare focuses on IT and staff training / INTERVIEW
Pitto: “Our new challenge is digitalization” / INTERVIEW
“Genoa-Savona is continuing to attract investments” / INTERVIEW
Greek shipowners have $15.2bn in newbuilds

Greek shipowners have $15.2bn in newbuilds

Athens - Renewal of the Greek fleet continues at pace as cash rich owners continue to build ships and buy ships. A survey by Naftiliaki Greek Shipping Review of the Greek orderbook has revealed 237 ships of some 23.8m dwt were on order for 59 Greek companies, at the beginning of October

North Africa

Algeria should pay debts owed to foreign and local firms
Qatar plans to introduce direct shipping lines to North Africa
“The future is Mediterranean” / INTERVIEW
Suez Canal traffic levels show signs of recovery in 2017
The slow recovery of the Egyptian economy

Middle East

Over 4,700 ‘active’ construction projects in Saudi Arabia
Quake magnitude 5.0 strikes southwest Turkey
As lira plumbs record low, Turkey says U.S. problems temporary
Turkish, Iraqi officials discuss resuming Kirkuk oil exports
Iraq to increase Kirkuk output to 1 mln bpd

Iraq to increase Kirkuk output to 1 mln bpd

Baghdad - Oil Minister Jabar al-Luaibi said Iraq plans to increase production from oilfields in Kirkuk to one million barrels per day and has visited the Bai Hasan and Avana fields to order work be accelerated to restore operations soon, the ministry’s spokesman said on Monday

Black Sea

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%

Damen acquires Daewoo’s shares in Mangalia
Bulgaria, Romania plan new Danube bridge

Bulgaria, Romania plan new Danube bridge

Sofia - Balkan neighbours Bulgaria and Romania aim to build a second bridge overthe Danube, connecting Bulgaria’s Ruse and Romania’s Giorgiu in an attempt to improve infrastructure connectivity in the region and attract more foreign investment

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