France to nationalise STX shipyard if Italy snubs ownership deal

Paris - The French state said on Wednesday it would nationalise the STX France shipyard if Italy does not accept its offer to split STX’s capital equally.


Chinese shipbuilders tap rising cruise demand, rattle European rivals

Shanghai - European shipbuilders’ dominance in the $117 billion passenger ship industry may come under threat as Chinese rivals move into the sector to tap booming local demand for cruise holidays


Passengers on Danube cruise evacuated after blaze on boat

Vienna - Almost 200 passengers and crew on a cruise along the Danube river had to be evacuated from their vessel on Monday when a blaze broke out on board, the Austrian fire service said.


Nigerian Navy says pirate attacks fall 68% from 2016

London - The Nigerian navy said pirate attacks in the country’s territorial waters fell 68 percent year-on-year in the first half of this year.


Fincantieri enters partnership agreement with MAPEI

Trieste - Fincantieri, world leader in cruise ship construction, and Mapei, leader in chemical products for the construction sector, with a business line of shipbuilding industry products, signed a strategic cooperation agreement in the field of research and innovation, the shipbuilder said in a press release.

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