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

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

Two new pools

Team Tankers in fleet management feals with Maersk Tankers, V.Group

Monaco - Danish Maersk Tankers has entered into a deal with chemical tanker owner and operator Team Tankers International to take over the commercial management of its 27 tankers and establish two new pools. For Maersk Tankers the agreement will increase its fleet under management

Statistics

Italian ports in 2019: containers are resisting, cruises were booming / ANALYSIS

Genoa - In 2019 the Italian ports have handled about 403 million tons. It holds the container sector. Roro traffic , in the past years the spearhead of Italian port,  shines less. Looking at the statistics of the Port network authorities, 2019 was the great year of cruises - an industry now stopped due to the effect of the coronavirus

Covid-19

Emirates asks pilots and cabin crew to take unpaid leave

Tourism and aviation are vital to the economy of Dubai, which does not have the vast oil wealth of some of its Gulf neighbours. Emirates employed over 21,000 cabin crew and 4,000 pilots among more than 100,000 employees overall at the end of March 2019