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.
Shipowners
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Cruise traffic drops in Italy but grows in La Spezia
Soon to be unveiled an integrated hub with Marina di Carrara
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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.
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CMA CGM sees calmer waters for container shipping, looks landwards
Paris - Container lines, which transport everything from televisions to fresh fruit and dominate global freight volumes, are emerging from a severe downturn that culminated in last year’s collapse of South Korea’s Hanjin Shipping.
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China, Singapore look to put difficulties behind them
Beijing - Singapore is not a claimant to any disputed part of the South China Sea but is home to the biggest port in Southeast Asia, and has made clear its open economy depends on continued free navigation in the area.
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U.S. refiner Phillips 66 charters foreign vessel after Jones Act waiver
Houston - The nearly 100 year-old law mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts.
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Construction work begins on Costa Smeralda
Turku - The new Costa Cruises ship will be the brand’s first ship powered by liquefied natural gas (LNG) and the world’s first cruise ship to be broadly marketed to consumers from multiple countries throughout Europe.
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US fears hamper Iran’s animal feed imports
Tehran - SLAL had issued two tenders to buy up to 200,000 tonnes of feed barley and 200,000 tonnes of corn last month but European traders said no offers were submitted as the tenders closed on Monday.
