SERVICES

Europe

Macedonian freight operator orders Chinese locomotives
Ansaldo Energia restarts with Abba’

Ansaldo Energia restarts with Abba’

Genova - Ansaldo Energia has a new company head.It’s Filippo Abba’, the company’s international manager who built much of his career in the Energy Division of Foster Wheeler. As anticipated by Secolo XIX ,the manufacturer of power-generating turbines is starting 2017 with a new framework of governance

“Italian tourist ports are at risk of bankruptcy”

“Italian tourist ports are at risk of bankruptcy”

Genoa - “The most important Italian tourist ports are in danger of failing.” UCINA, Assomarinas and Assonat are now raising the alarm regarding the Constitutional Court’s decision that will be pronounced on 10 January on the retroactive increase in State fees at tourist port facilities

Fabrizio Vettosi and shipping. A lifelong midfielder/ INTERVIEW

Fabrizio Vettosi and shipping. A lifelong midfielder/ INTERVIEW

Naples - Finance expert with a passion for soccer or failed soccer player who wound up in finance? Either description could suit Fabrizio Vettosi, the chief of VSL, who has a true passion for numbers, but always has a pair of football boots and shorts in his car and who has an indefatigable passion for Naples Football Club.

Old but efficient railways: Trieste/A CASE STUDY

Old but efficient railways: Trieste/A CASE STUDY

Genoa - Some considerable time ago the Port of Trieste boarded the train and went out to conquer the market. And there is, in part, a historical reason, because at this port, that rivals Genoa for freight share, most goods that arrive and leave the docks do so by rail

North Africa

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
Goldman Sachs wins $1.2 bln dispute with Libyan sovereign fund
Libya’s Zueitina loads first crude export cargo since 2015

Middle East

Daewoo to establish joint shipbuilding company in Iran this month
Iranian activist ends hunger strike: wife released temporarily, Tasnim says
DP World increases its stake in Pusan Newport

DP World increases its stake in Pusan Newport

Dubai - DP World announces that it has acquired an additional 23.94% stakein Pusan Newport Company Limited (PNC) in South Korea from Samsung Corporation and Subsidiaries. This increases DP World’s holding in PNC to 66.03%, and the terms of the transaction are undisclosed

Cost of pump-at-will oil policy spurred Saudi OPEC U-turn
GulfNav to acquire large shipping fleet

Black Sea

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

Bulgaria to revive Belene nuclear power

Bulgaria to revive Belene nuclear power

Sofia - Bulgaria wants private investors to help it restart the Belene nuclear power projectafter a court ruled Sofia must pay hefty compensation to Russia over equipment ordered for it, Prime Minister Boiko Borisov said on Friday