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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

Lota family exits Corsica Ferries

Lota family exits Corsica Ferries

Vado Ligure - After long reflection, the majority of the historical shareholders of the Gruppo Corsica Sardinia Ferries decided to sell their majority stake and control over the company. Pierre Mattei proposed a buyout offer for the majority stake

STX-Fincantieri agreement signed

STX-Fincantieri agreement signed

Genova - The agreement paving the way for Fincantieri to join the ownership structureof STX France, the firm that owns the EU’s biggest shipyard - located in St-Nazaire - is now official. Last night, Giuseppe Bono, CEO of the Trieste-based group, flew to Paris Bercy, home of France’s Ministry of Economy

Interporto Sud Europa, tenders launched

Interporto Sud Europa, tenders launched

Caserta - A call for tenders for the expansion project of its multimodal terminal was posted on the Interporto Sud Europa (ISE) website, with 26 April as the closing date. The project involves the rail area of the terminal, slated for a doubling of its intake and delivery tracks, to increase to a total of six

British Steel, new logistics centre in Lecco

British Steel, new logistics centre in Lecco

Lecco - British Steel is expanding its activities in the European railway sector by openinga new logistics centre in Italy for the production of long length rails. The company - a key supplier of Italy’s state rail operator Rete Ferroviaria Italiana (RFI) - has just inaugurated a plant in Lecco

Finnlines lengthens four ships

Finnlines lengthens four ships

Naples - Finnlines, a Grimaldi Group company, will invest €70 million in a lengthening programme on four of its ships. The company, which currently employs twenty Ro-Ro units, has signed an agreement with the Remontowa shipyard that will perform the work at its Gdansk location

Italy, 480 million tonnes of cargo in 2016

Italy, 480 million tonnes of cargo in 2016

Genova - Italy is leading in the “Blue Economy” across the Mediterranean area,with 480 million tonnes of cargo transported through Italian ports. The data was released this morning during the second National Forum on Ports and Logistics, being held in the cruise ship terminal of the port of Livorno

Overzealous posturing ended up backfiring

Overzealous posturing ended up backfiring

Genova - The pretence went on for less than a week,in a vain two-fold effort to win support from French workers and public opinion. The threat of opting for the nationalization of France’s STX shipyards, the French government’s somewhat clumsy last-ditch attempt to stop an Italian advance

EU should consider billion-euro investment boost for Greece
Double order for Vittoria Shipyard

Double order for Vittoria Shipyard

Rovigo - The Cantiere Navale Vittoria shipyard has laid down a challenge to the international market for tugboats, winning commissions from the Russian and Algerian governments worth a total of €15 million. For Russia,Vittoria will build one of the vessels that will be used for the dismantling of nuclear submarines

Blu Navy returns to Elba

Blu Navy returns to Elba

Livorno - The service operated by Blu Navy on the Portoferraio-Piombino maritime line will start up again on Friday with the first trips by the ferry “Acciarello”. The ship, which is owned by Blu Navy, came to Elba a few days ago, where it underwent all of the inspections required by the authorities

Spediporto: “A SEZ for the Port of Genoa” / GALLERY

Spediporto: “A SEZ for the Port of Genoa” / GALLERY

Genoa - A “SEZ”, or Special Economic Zone, for the Port of Genoa. That is the proposal being put forward by Alessdandro Pitto, the president of Spediporto, the association of Genoese freight forwarders, at the association’s annual assembly at Genoa’s stock exchange building

Porto Livorno 2000 to Onorato and Aponte

Porto Livorno 2000 to Onorato and Aponte

Livorno - Porto di Livorno 2000 - we have a winner: with 99.58 out of 100 points it is the temporary association of companies that consists of Sinergest, Moby, LTM and Marinvest (MSC) which won 66% of the shares of the company that operates the receptive services for cruise passengers

Salerno Container Terminal’s trio

Salerno Container Terminal’s trio

Salerno Container Terminal (SCT) has won lines of three of the most important container transportation conglomerates which are preparing to implement, with an eye to increased traffic, an investment plan for new cranes and dock vehicles for an overall value of over €20 million

Eni sells gas & power retail operations in Belgium
Puglia sets funds for dredging programme

Puglia sets funds for dredging programme

Bari - The Puglia Region has allocated €48 million for the dredging of ports that are not under the management of port authorities. “For decades, dredging operations have not been performed in Apulian ports of regional scale. “We’ve decided to step in,” said Mr. Giannini, Regional Councilor for Infrastructure

A mixed performance at Italian ports / FOCUS

A mixed performance at Italian ports / FOCUS

Italian ports handled 10.51 m TEU in 2016. While this corresponds to an increase of 2.9% compared to the previous year, the result should be put in perspective with the throughput volumes before the onset of the 2008 global financial crisis READ FULL CONTSHIP DOCUMENT

“Ad hoc regulation for Italy’s biggest port”

“Ad hoc regulation for Italy’s biggest port”

Genova - With the legislative work done on provisions concerning dredging and governance, the “modular” port reform supported by the Minister of Infrastructure and Transport, Graziano Delrio, will now have to face up to its labour component. FOCUS ON NEW GENOVA-SAVONA PORT

“The port reforms are hindering the port”

“The port reforms are hindering the port”

Savona - “As it’s being carried out, the implementation of the port reform plan is bound to be a cause for concern for our sector”: this was the assertion from Ettore Campostano, president of Isomar, the association of shipping agents and freight forwarders of Savona. FOCUS ON NEW GENOVA-SAVONA PORT

Cosco Shipping Ports profits down by 15%

Cosco Shipping Ports profits down by 15%

Shanghai - The board of directors of Cosco Shipping Ports announces the consolidated results of the Company and its subsidiaries for the year ended 31 December 2016. In line with its strategic objective of globalisation,Vado Container Terminal in Italy was also key investments

Montecargo profit falls in 2016

Montecargo profit falls in 2016

Podgorica - Montenegrin majority state-owned rail cargo operator Montecargo said its net profit fell to 12,789 euro ($13,895) in 2016 from 53,717 euro a year earlier. The company’s operating profit decreased 12.9% to 6.2 million euro, while operating costs declined 4.3% to 6.2 million euro

Passenger traffic, Genova over 3 million mark

Passenger traffic, Genova over 3 million mark

Genova - Genoa’s Stazioni Marittime terminal posted positive results, with the recently approved 2016 budget showing a net profit of €840,620, and a turnover of around €23.5 million. During the past year, in fact, 3,110,432 passengers passed through Genoa, including cruise and ferry passengers, a 4.4% increase

Messina, English-for-seafarers course concluded

Messina, English-for-seafarers course concluded

Genova - The first course on maritime English was successfully concluded in Genoa; the result of an agreement between the Italian Merchant Marine Academy Foundation and the Ignazio Messina Group, the project involved three classes, each with 15 participants

Ancona presents its managing Committee

Ancona presents its managing Committee

The managing Committee for the Port System Authority of the Central Adriatic Seahas been formed, with Rodolfo Giampieri as chairperson. The board includes Giulio Piergallini, Tommaso Coletti, Ida Simonella, Francesco Saverio Ferrara, Raniero De Angelis, Rinaldo Veri

EU funds headed overseas? Italy asks for clarification

EU funds headed overseas? Italy asks for clarification

Trieste - In his opening presentation at the Trieste conference,Brian Simpson did not rule it out: “It is possible to extend the benefits of the implementation plan to a non-European nation.” The E.U. coordinator is therefore leaving the door open to that possibility

Clean transport: EU promises new financing / GALLERY

Clean transport: EU promises new financing / GALLERY

Trieste - Three pillars govern the European Motorways of the Sea policy.What Brussels is mainly focused on is the environment: supporting the technology that makes it possible to reduce emissions and develop the network of terminals and facilities that will allow for the use of alternative fuels like LNG

Daewoo delivers world’s first icebreaking LNG carrier

Daewoo delivers world’s first icebreaking LNG carrier

Seul - Daewoo Shipbuilding & Marine Engineering Co., a leading global shipyard, said Tuesday that it has successfully delivered the world’s first icebreaking liquefied natural gas (LNG) carrier to a Russian client. In 2014, Daewoo Shipbuilding clinched a deal from Russia’s state-run shipper Sovcomflot

OSE examines user fee increases

OSE examines user fee increases

Athens - The State-run Hellenic Railways Organization (OSE),which previously operated and exploited all railways activities in the country, is reportedly eyeing an increase in network fees ahead of a memorandum-mandated liberalization of the sector in Greece

The MediTelegraph at the MoS Convention in Trieste

The MediTelegraph at the MoS Convention in Trieste

Trieste - A unique opportunity for the operators in the region to attend a meeting on European Policies on the Motorways of the Sea, in the presence of the most important representatives of the European Commission and the governmental institutions

Fincantieri closes its take-over bid for Vard

Fincantieri closes its take-over bid for Vard

Trieste - Fincantieri has announced -with reference to the public voluntary total acquisition bid aimed at the ordinary shares of Vard Holdings Limited that are not already directly or indirectly held, controlled or subject to an acquisition bid from its own subsidiary, Fincantieri Oil & Gas S.p.A. dated 13 November 2016

Fincantieri is close to a deal for STX France

Fincantieri is close to a deal for STX France

Trieste - Fincantieri’s acquisition of the Saint-Nazaire shipyards could happen soon, before the French elections: the goal of closing the deal on the only shipyards in France that are capable of building large civilian and military ships is shared by the government in Paris

Onorato stabilises  255 maritime workers

Onorato stabilises 255 maritime workers

Livorno - The Onorato Armatori Group signed an important agreement yesterday morning that calls for the stabilisation of another 255 Italian sailors in Tuscany with Moby. Yet another operation concluded by the group, which is active in the transport sector in the Mediterranean

Green light on Azerbaijan-Italy gas gipeline

Green light on Azerbaijan-Italy gas gipeline

Rome - The TAP,the gas pipeline that will allow gas from Azerbaijan to reach Italy, diversifying its supply sources, can now be built. The Council of State put an end to a sequence of events that has dragged on for some time, at least until the next appeal

ECG celebrates 20 years of activity

ECG celebrates 20 years of activity

Brussels - ECG,the Association of European Vehicle Logistics is proud to announce its twentieth year as the leading voice of the European vehicle logistics sector. The Association had the pleasure to commemorate this momentous anniversary along with over 250 of its members, supporters and industry friends

Drugs found on board German boxship

Drugs found on board German boxship

Santa Marta - Some 453 kilos of drugs were found on board a containershipat the Port of Santa Marta, Colombia, the country’s Office of the Attorney General said in a statement. Cocaine hydrochloride, believed to be worth around USD 27 million, was discovered in 18 bundles hidden on board “Hammonia Emden”

Wärtsilä expands into solar and battery power

Wärtsilä expands into solar and battery power

Trieste - Wärtsilä,the marine engine and power plant manufacturer, is expanding into solar and battery power in the latest example of a traditional energy company diversifying beyond fossil fuels. The Finnish group has won an order to build a solar power plant at a gold mine in Burkina Faso, west Africa

Iran expands energy cooperation with Russia

Iran expands energy cooperation with Russia

Dubai - Iranian President Hassan Rouhani said on Monday that Tehran welcomed Russian investment in its gas and oil fields, signalling major developments in energy cooperation between the two countries. “There is a huge potential for Russian investment in Iran’s energy sector,” Rouhani told reporters at Mehrabad airport

Hupac boosts service Novara-Lubeck service

Hupac boosts service Novara-Lubeck service

Novara - Swiss intermodal operator Hupac, in collaboration with Germany’s Kombiverkehr, has increased to five its weekly departures in both directions along the rail linking the inland port of Novara CIM (Eurogateway terminal) and the Baltic Rail Gate terminal in Lübeck-Travemünde

Livorno, Onorato acquires LTM

Livorno, Onorato acquires LTM

Livorno - The shipowner group Onorato acquired LTM (Livorno Sea Terminal),a terminal operator located at the port’s Dock 1, specializing in the management of Ro-Ro, as well as Ro-Ro-Pax traffic as part of the Motorways of the Sea project

Psa Voltri-Pra’, all ZPMC cranes operational

Psa Voltri-Pra’, all ZPMC cranes operational

Genova - The work of dismantling the aged quay cranes at the PSA Pra Voltri terminal at Genova’s port continues. Following the CR06 crane, it’s now the turn of the CR05 crane, the second to last of the lifting cranes dating back to the start of the terminal’s operations, in the mid-90s

Gioia Tauro, a further 40 million in public funds

Gioia Tauro, a further 40 million in public funds

Reggio Calabria - The prefect of Reggio Calabria chaired a meeting for the examination of the employment issues at the Port of Gioia Tauro, where the MCT Contship Italy group has laid-off 400 workers. Company and unions “have agreed to continue the scrutiny of the firm’s outstanding issues”

Genova-Savona, new board inaugurated

Genova-Savona, new board inaugurated

Genova - “I think the ports of Genoa and Savona could reach the 4,000,000-TEU mark, and with those volumes there’s a need for new terminals at Calata Bettolo and Vado Ligure.” This is what Paolo Signorini,president of the Western Ligurian Sea port system, stated following the inaugural meeting

Logistics firms, revenues increase

Logistics firms, revenues increase

Genova - The ASTRE Group, a network of European associations of road hauliersand logistics, concluded 2016 with €2.7 billion in overall turnover, a record figure. In the past three years, the group has experienced increases of €300 million

LNG shipping prospects brighten up

LNG shipping prospects brighten up

Athens - New LNG projects coming online are bound to improve the fortunes of LNG shipping carriers. In a recent market outlook, shipowner GasLog said that “with a growing number of new demand centers, the demand outlook for LNG carriers with long-term charters remains positive

China is Germany’s most important trading partner
Italy’s black economy: a 400,000-strong army / FOCUS

Italy’s black economy: a 400,000-strong army / FOCUS

Rome - As Mafia infiltration of the agro-sector spreads throughout Italy,so the phenomenon of illicit agricultural labour contracting known as “caporalato” shows no sign of abating; just the opposite. The case of Paola Clemente, a 49-year old farm worker from San Giorgio Jonico whose life was cut short in 2015

Died of exhaustion, six “caporali” arrested

Died of exhaustion, six “caporali” arrested

Andria - On 13 July 2015 Paola Clemente,49, died from overwork in the fields around Andria (Puglia). She died from exhaustion: putting in twelve-hour days for a wage of less than thirty euro. Her death prompted Trani’s prosecutor to open an investigation that yesterday led to the arrest of six individuals

Valencia’s goal:  600,000 cruise tourists