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A global network for italian shipowners / EDITORIAL

A global network for italian shipowners / EDITORIAL

The authorisation from the Ministry of Transport allows ABS to check the compliance of Italian flagged vessels with the main International Conventions on safety and prevention of pollution: the international Load Line, the SOLAS and MARPOL conventions.

What types have the largest potential upside

What types have the largest potential upside

London - Using VesselsValue’s Future Market Value module, older tonnage looks to increase by the largest percentage from Q1 2018 - Q1 2019. Topping the list are 15 year old Handysize Bulkers, which are predicted to increase in value by 33%, from $8.92 million in Q1 2018 to a forecasted value of $9.73 million in Q1 2019

“How RAM will serve to relaunch logistics” / INTERVIEW
Port of Genoa: cruises to grow in 2018

Port of Genoa: cruises to grow in 2018

Genova - The port of Genoa closed December 2017 with a slight downward trendin cruise traffic and an essentially stable trend in ferry traffic. Looking at the total numbers of cruises and ferries, in 2017, 3,003,652 passengers were recorded versus 3,110,432 in 2016 (-106,780 passengers or -3.4%)

Carige: Chenavari Fund retains 4.9%

Carige: Chenavari Fund retains 4.9%

Genova - The British investment fund Chenavari now holds less than 5% of Carige, reducing the size of the stake that it wound up with after the bank’s capital increase - according to CONSOB’s press release on significant equity investments

North Africa

Suez Authority extends toll cuts for dry bulkers

Suez Authority extends toll cuts for dry bulkers

Port Said - The Suez Canal Authority has extended the discount offered to dry bulk vessels back in April 2017 until the end of 2018. Specifically, a 75% rebate of the canal transit tolls is being offered to laden or ballast dry bulk vessels coming or heading to ports at South West, South and East of Australia

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

Middle East

DP World invested US $1-billion in 2017

DP World invested US $1-billion in 2017

Dubai - Growing global trade opportunities, diversifying its business across the supply chain and exploring smart innovation technologies were key strands of DP World’s operations in 2017 which included over US $1 billion in capital expenditure year to date

Germans to build 5th solar power plant in Hamedan
Ten killed in Iran protests and security forces repulse attacks
Saudi Aramco shipyard JV appoints CEO

Saudi Aramco shipyard JV appoints CEO

Dubai - Saudi Aramco and its partners have appointed Fathi K. Al-Saleemas chief executive of a joint venture to build a shipyard on the kingdom’s east coast, part of the Saudi Arabian government’s drive to diversify the economy beyond oil

Bombardier wins an order from EgyptAir

Bombardier wins an order from EgyptAir

Montreal - Canadian aircraft manufacturer Bombardier on Friday announced the sale of 12 C Series aircraft to EgyptAir in a deal worth US$1.1 billion. The company said it signed a letter of intent last month for the sale of the 160-seat CS300 planes, with an option for another 12

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