Obstacles to the intra-European alliance

EU expected to veto Fincantieri's Chantiers bid due to lack of concessions

Milano - Italian shipyard Fincantieri has not offered any concessions to head off EU antitrust concerns about its planned bid for France’s Chantiers de l’Atlantique, giving regulators no choice but to block the deal, people familiar with the matter said last week. A veto by European Competition Commissioner Margrethe Vestager would deal a serious blow to Italy

Coronavirus effect

Carnival warns of loss, moves to shore up liquidity

Miami - Carnival Corp., the largest player in a cruise industry reeling from the effects of the coronavirus, said it expects a loss this fiscal year and is taking steps to improve liquidity. The efforts include cutting investments and expenses and looking for additional financing, Carnival said in a statement Monday

Roosevelt

U.S. Navy chief says fired ship captain may have been "stupid"

Modly relieved Captain Brett Crozier of his command of the Theodore Roosevelt on Thursday after the public leak of a scathing letter in which Crozier called on the Navy for stronger action to halt the spread of the virus aboard the nuclear-powered aircraft carrier

Coronavirus

EU shipbuilders predict cruise ship order cancellations

Bruxelles - European shipbuilding and ship equipment association SEA Europe is calling for government aid to help the industry weather the COVID-19 downturn, citing temporary shutdowns, order cancellations - particularly for new cruise ships - and project delays

As Covid-19 situation worsens

Cargo owners must expect further major ocean freight service disruptions this year

London - Cargo owners should expect significant further ocean freight service disruptions this year with more blank sailings and likely service suspensions, Drewry highlighted yesterday, as volatility linked to the coronavirus pandemic continues or worsens. The container shipping analyst also suggested that shippers “should consider adding a few ‘backup carriers’"

Markets

Putin, Trump order their energy ministers to discuss oil

OPEC and other leading oil producers including Russia failed to agree on further joint action on the global oil market and to extend their deal to cut output, leading to a sharp fall in oil prices that have also been battered by the coronavirus pandemic

Covid-19

Australia tells cruise ships to leave

Australia ordered two cruise ships to leave its waters on Thursday, after a liner that docked in Sydney Harbour last week became the primary source of infection in the country’s coronavirus outbreak