Scorpio Tankers in the red for the quarter

Monaco - Scorpio Tankers listed $32.5 million in costs on their balance sheet in supportof the transaction associated with the acquisition of Navig8 Product Tankers. The finalisation of the agreement made the company the leading group in the product tankers sector


Thyssenkrupp, Tata Steel agree to forge Europe’s No. 2 steelmaker

Essen - Companies sign memorandum of understanding: expect annual synergies of 400 mln-600 mln euros. Expect up to 4,000 job cuts, 8 pct of joint workforce.


Cruise traffic drops in Italy but grows in La Spezia

Soon to be unveiled an integrated hub with Marina di Carrara


Leonardo’s concerns about the STX matter

Rome - “The goal is to create a solution that will prevent the Italian economy from losing out” a source pointed out.


MSC, negotiations with Fincantieri over new orders

Rome - The construction of at least a couple of new ships seems firmly on the table, but the “MSC dossier” is still under wraps.

CMA CGM sees calmer waters for container shipping, looks landwards
China, Singapore look to put difficulties behind them
Possible Thales, Leonardo role in Franco-Italian ship talks
A dead dictator, his rusting boat and a fight for history / GALLERY
U.S. refiner Phillips 66 charters foreign vessel after Jones Act waiver