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Europe

Scorpio to snap up Navig8 product tanker fleet

Scorpio to snap up Navig8 product tanker fleet

Monaco - Scorpio Tankers (STI)is to merge with Navig8 Product Tankers to form one the world’s largest product tanker owning companies. As part of the deal, STI will acquire Navig8’s 27 operating product tankers. The merger is expected to close in the second or third quarter of 2017

Fleet grows slower, dry bulk market recovers

Fleet grows slower, dry bulk market recovers

Athens - When all has been said and done, the recovery of the dry bulk market is down to a number of factors, with the prevailing one being the significant reduction of the dry bulk fleet’s growth. Thankfully for ship owners, this seems to be evolving to a much more stable trend

Captain commits suicide during voyage

Captain commits suicide during voyage

Tilbury - A captain of a container ship has apparently committed suicide duringa voyage from New York, United States to Tilbury, the UK, according to Apostleship of the Sea (AoS). The 2,824 TEU “Santa Bettina” was one week into its voyage when the captain apparently took his own life on board

Gondan delivers dual fuel tug

Gondan delivers dual fuel tug

Madrid - Spanish shipbuilder Astilleros Gondan has delivered “Dux”, the first dual-fuel tug built in Europe, to Norway’s Østensjø Rederi. Designed by Robert Allan, the state of the art escort vessel is the first tugboat in a series of three that will provide tug services to Statoil at its far-north terminal

Yilport starts investments in Ecuador

Yilport starts investments in Ecuador

Puerto Bolívar - Yilport Holding started investments in Ecuador’s Puerto Bolívar container terminal by installing two mobile harbor cranes. The MHCs arrived on 21 May, and the equipment will be operational by the first week of June, the company said in its press release

Global Ports Holding launches IPO on LSE

Global Ports Holding launches IPO on LSE

London - Turkey-based cruise port operator Global Ports Holding (GPH) has listedits initial public offering (IPO) on London Stock Exchange (LSE). The company was officially listed on LSE on May 17. With the pricing of its offer at 740 pence per share, the floatation gives the company a market capitalization of USD 605.7 million

Greece, Travel body slams ferry union

Greece, Travel body slams ferry union

Athens - As ferries remained anchored in Greek ports Thursday for the third day in a row due to a seamen’s strike, the Hellenic Association of Travel and Tourism Agencies (HATTA) hit out at the seamen’s union (PNO) for the protracted action, saying it was holding the Greek tourism sector hostage

GTT to equip 2 new LNG carrier vessels for DSME

GTT to equip 2 new LNG carrier vessels for DSME

Paris - GTT has received an order from Daewoo Shipbuilding & Marine Engineering(DSME) to equip two LNG carriers with its NO96 GW containment system. DSME shipyard based in Geoje – South Korea – will build the vessels of 173,400 m3 each, on behalf of a European ship-owner

E.U. shipowners set Brexit priorities

E.U. shipowners set Brexit priorities

Bruxelles - European shipowners have set out their priorities for Brexit,saying it is a process fraught with many uncertainties and that the current operating climate should be preserved. The European Community Shipowners’ Associations (ECSA)highlights that free movement of goods and people is central to E.U.

The d’Amico Group sells ship for $27 million

The d’Amico Group sells ship for $27 million

Rome - D’Amico International Shipping, the division of the D’Amico Group that operates in the product tanker sector, signed a contract for the sale of a ship, with an annexed lease-back contract. The ship is the Mt “High Fidelity”, a 49.9-tonne deadweight medium-range ship built in 2014

Jolly Nero tragedy, captain receives sentence / GALLERY

Jolly Nero tragedy, captain receives sentence / GALLERY

Genova - May 7 2013, at 23:05: while executing the manoeuvre to exit the port of Genoa, the engine of the cargo ship “Jolly Nero” went dead. Something went wrong, gave way, and that big ship smashed into the Control Tower, destroying it, and causing the death of nine people and injuring four

Throughput record for Contship in La Spezia

Throughput record for Contship in La Spezia

La Spezia Container Terminal (LSCT) has recorded its largest ever result in container throughput in the first four months of 2017. Total throughput at the terminal, which is the leading gateway container handling facility in Italy operated by the Contship Italia Group

Greek seamen extend strike for 4 days

Greek seamen extend strike for 4 days

Athens - Greek seamen and journalists walked off the job Tuesday, a day before a nationwide general strike to protest new austerity measures the government is legislating for in return for more bailout funds. The seamen’s union announced Tuesday afternoon they would extend their strike

Newbuilding bulkers’ prices on the rise

Newbuilding bulkers’ prices on the rise

Athens - Newbuilding activity is on the rise for a number of reasons,but demand isn’t the sole reason of the recent price hikes, which have been noted from shipbuilders. According to the latest report from shipbroker Allied Shipbroking, “the combination of a push towards higher spec units by shipbuilders”.

Genoa: new services at PSA Terminal

Genoa: new services at PSA Terminal

Genova - Tuesday 9 May was the day of the inauguration of the new ship services at the PSA Voltri-Pra Terminal. The first is Ocean Alliance’s MED1 - operated by Evergreen, OOCL, CMA, APL and Cosco - which will call at the terminal for the first time with the 14,000-TEU container carrier “Tampa Triumph”

Atlantia offers €16 billion for Abertis Group

Atlantia offers €16 billion for Abertis Group

Milan - The offer made by Atlantia for the Spanish group Abertis came in at €16.3 billion. The holding company controlled by the Benetton family is thus aiming to create a “global leader in the transports infrastructure management business,” a giant with 14,000 kilometres of motorways

MPS, Viola and Profumo to go on trial

MPS, Viola and Profumo to go on trial

Siena - The Public Prosecutor’s office in Milan requested that Alessandro Profumoand Fabrizio Viola, the former president and C.E.O. of MPS, and Paolo Salvadori, the former president of the institute’s board of auditors, be put on trial

Jars of pesto can be carried in hand luggage

Jars of pesto can be carried in hand luggage

Genova - The old glass jar has been rescued. Because, on average, about 500 jars of the best artisanal pesto - or even home-made pesto - are confiscated from hand luggage every two months at Genoa’s airport. It is meant to be taken on vacation or given as a gift to a good friend

“No to limited numbers in the Cinque Terre”

“No to limited numbers in the Cinque Terre”

La Spezia - Limit the number of tourists in the Cinque Terre Park? “It is an easy way out, a way of abdicating responsibility. One must come up with an infrastructure plan for that area.” On the eve of a summit, Liguria’s governor Giovanni Toti opposed any proposal to limit tourism

First 20,000 TEU Containership makes fast at HHLA Container Terminal Burchardkai
Russian automotive backs on track

Russian automotive backs on track

Moscow - The big freeze in Russia’s car market may just have started thawing.Domestic vehicle sales rose late last year for the first time in almost two years with further growth during the first quarter of 2017 after a 9.4% surge year-on-year in March, according to the Association of European Businesses

Cruise ship arrested for discharge of faeces
Logistics: digital and borderless into the future
“Italian shippers are leaders in project cargo” / INTERVIEW
Law paves way for Danish ratification of “green” ship scrapping convention
German rail operator affected by global cyber attack
Iran cancels airport deal with France’s Bouygues
MSC, record numbers in Genoa

MSC, record numbers in Genoa

Genoa confirms its role as MSC Cruises’ strategic hub for the Mediterranean. Up to 1 May, in April, more than 83,000 passengers were carried by the 22 ships present at Genoa, a port that has always represented for MSC Cruises the leading port in terms of passenger handling

Third Tunnel project, phase IV kicks off

Third Tunnel project, phase IV kicks off

Genova - Work has begun on Phase IV of the high speed rail link project between Genoa and Milan, the so-called Third Tunnel. This fourth stage of the six-phase project was assigned by Italy’s state rail administrator RFI to the COCIV Consortium

Genoa PSA Terminal continues growth

Genoa PSA Terminal continues growth

Genova - PSA Voltri Prà Terminal maintained its growth trend during April. In that month, the terminal reached the 135.007 TEU mark, a 0.7% increase over March 2017, and up 23.1% compared to April 2016

Leonardo, net profits climb to 78 million

Leonardo, net profits climb to 78 million

Rome - Defence and aerospace giant Leonardo concluded its first quarter of the yeargaining €78 million in operating profit (equal to a 39% rise, or 21.9% not including special transactions), and its orders gained €2,647 billion, a 3% rise compared to the same period in 2016. Order intake rose by 25% compared with March 2016

“Norwegian Joy”, the NCL ship for China / GALLERY
Master of detained ship died on board

Master of detained ship died on board

Contantia - The master aboard the “Geo Star” which has been detained since Jan 31, 2017 in Agigea Port in Constantia after a port state control, has died on board due to a heart failure. A rescue team had tried for more than 45 minutes to resuscitate him in vain

Six killed in crane collapse at SHI shipyard / GALLERY

Six killed in crane collapse at SHI shipyard / GALLERY

Seoul - Six people died and more than 20 were injured when a crane collapsed at a Samsung Heavy Industries shipyard in South Korea on Monday, Yonhap News Agency said. The incident took place during the construction of an oil platform for French energy company Total’s Martin Linge field off Norway

“Marebonus” and “Ferrobonus” to start by May

“Marebonus” and “Ferrobonus” to start by May

Rome - “We’re satisfied with the sense of urgency and availability shown by the Ministry of Transport in relation to the needs of the haulage and logistics sector, as, by securing the funding destined for the sector in 2018 and 2019, it has recognized the sector’s fundamental role” it said from ANITA

Fincantieri, new contract for Vard

Fincantieri, new contract for Vard

Trieste - Vard has secured a contract for the construction of a Research ExpeditionVessel for Norwegian firm Rosellinis Four-10. The company is owned by the industrialist Kjell Inge Røkke and his family. The vessel is expected to enter service by 2020

Puglia, port upgrade projects

Puglia, port upgrade projects

Bari - The Port System Authority of the Southern Adriatic Sea (SAS PSA) has applied for funding within the Puglia POR FESR-FSE 2014-2020 Action Plan 7.4, for a programme of projects that are “upgrades aimed at the competitiveness of the port and inland port system,” the so-called Priority Axis VII - Action 7.4

Alitalia files for bankruptcy

Alitalia files for bankruptcy

Rome - Two years and four months after it began,on 1 January 2015, Alitalia’s adventure supported by Etihad has come to an end. Italy’s former flag carrier is once again in bankruptcy proceedings, for the second time in its history (it also happened in 2008)

Carnival unveils cruise terminal in Barcelona

Carnival unveils cruise terminal in Barcelona

Barcelona - Carnival Corporation has unveiled renderings for a second cruise terminal in at the Port of Barcelona that will be able to accommodate the company’s next generation LNG powered cruise ships. As part of an agreement signed in July 2015, Carnival Corporation will construct and operate the new terminal

Iran looking at Total for LNG exports to EU

Iran looking at Total for LNG exports to EU

Tehran - Iran’s petroleum minister has hinted that the country is looking into the possibilityof bringing in the French energy giant Total to develop a key project to liquefy natural gas for exports to Europe. Bijan Zanganeh told reporters that serious talks with Total

German economy booms as protectionist threat goes pop / ANALYSIS
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

Ferretti, more investment and 80 new hires

Ferretti, more investment and 80 new hires

Genova - Ferretti,the second largest yacht shipbuilder in the world, has returned to profit a year ahead of schedule, and announced investments for €46.4 million, of which 25 million is for R&D, and 21.4 million for manufacturing (details to be released by September), along with a recruitment plan for 80 workers

Premuda now belongs to PS Navi (Pillarstone)

Premuda now belongs to PS Navi (Pillarstone)

Genova - Pillarstone Italy,the financial platform that belongs to the American fund KKR Credit, has become - through the newly constituted company PS Navi Spa - the sole shareholder in the Italian shipping company Premuda

Genoa, Medov’s 70th birthday

Genoa, Medov’s 70th birthday

Genoa - In 1947, the shipping agency Medov opened its doors, positioning itself at the centre of the growing cruise sector: 70 years later, the shipping services company based in Genoa has expanded, diversifying and becoming one of the largest shipping and travel agencies in the cruise and cargo sector in Italy and France