Siemens-Alstom rail deal, decision by Feb. 18

Brussels - . The European Commission will decide on whether to authorise the deal by February 18, EU Economy and Financial Affairs Commissioner Pierre Moscovici told a news conference.


Regent Seven Seas orders new ship to Fincantieri

Miami - Regent Seven Seas Cruises, the American luxury ocean cruise line, announced an order with Italy’s Fincantieri S.p.A. to build a cruise ship with delivery scheduled in late 2023


Sovcomflot IPO hobbled by weak freight market

Moscow - Russian state-owned shipping company Sovcomflot said on Tuesday that uncertain conditions in the freight market are delaying its long-planned initial public offering


ONE achieves container loading records

Singapore - The Japanese container shipping company Ocean Network Express has announced that two of its vessels have reached a loading record of 18,694 TEUs and 18,767 TEUs respectively


Italian banks face 2019 funding crunch without ECB help

Milan - Most Italian banks shut out of international bond markets. Higher funding costs set to dent already weak profits.

German recession fears keep euro zone yields low ahead of GDP data
Singapore reaches 36.6 million TEUs in 2018

Singapore reaches 36.6 million TEUs in 2018

Singapore - The port of Singapore maintained a stable performance in 2018. Container throughput grew by 8.7 per cent to 36.6 million twenty-foot equivalent units, and total cargo throughput remained stable at 630 million tonnes

Clean Shipping Alliance appoints director
PSA grows by 9% in container handling
Egypt reopens four ports shut by bad weather
Singapore, cable ship collided and capsizes
German car exports to China fall 37%

German car exports to China fall 37%

Frankfurt - German carmakers appeal for tariff-free trade to preserve jobs in Europe and the United States, as the country’s auto industry association reports exports of German cars from the USA to China dropped 37 percent last year

Daewoo bags 410 bln won order for 4 crude carriers
Evergreen grows in South America
New York experiments an all-electric straddle carrier


VIDEOOceanic Awakening