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New Silk Road stops at Ravenna

Ravenna - The state group China Merchants, which also controls the China Merchants Bank, one of the banks that Beijing is using to finance the political-economic initiative of the new Silk Road (Belt and Road Initiative: a series of maritime and land infrastructure projects on the trade routes between China and Europe)

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Genoa’s Port Authority “ready to find a solution for Costa”

Genoa - The Port Authority of Genoa and Savona is looking to find a place for Costa Crociere’s ships once again. “It’s a very interesting commercial proposal and, together with the President of the Region and the Mayor, we can find a solution”, explained President Paolo Signorini

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HMM signs Letter of Intent for its mega containership orders

Seul - DSME and Samsung will build seven and five 23,000 Teu containerships respectively. Hyundai Heavy Industries will construct eight 14,000 Teu vessels.

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Dead worker on Virgin cruise-ship, investigated his brother

Genoa - The man is accused of non-voluntary homicide.

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Iran manufactures first domestic railway

Tehran - Esfahan Steel Company (ESCO) announced on Monday that the first domestically-constructed rail tracks have been handed over to Iran’s Railways, saying the rails are on par with the latest global standards

OPEC sees strong oil market, possible need for more output

OPEC sees strong oil market, possible need for more output

Vienna - Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group. OPEC’s de facto leader, Saudi Arabia has proposed gradually relaxing production cuts

Australia’s Port Kembla reopens after cargo ship blaze
China’s tariffs on U.S. oil would disrupt $1 billion monthly business
Carnival signs agreement to improve sustainable cruises
Shipping associations call for realistic approach to 2020 enforcement
«Container shipping earnings spoiled by oil prices»

«Container shipping earnings spoiled by oil prices»

London - Britain-based shipping analyst Drewry Consultants Ltd. has significantly downgraded its profit expectations for the container shipping industry this year. “An unexpected surge in oil prices has dramatically altered the cost base of carriers”

Visco (Scafi): «Focused on safety, technology and the environment»
Tarros backs the Med. “An important strategic choice”
U.S. steel imports surge in anticipation of tariffs

U.S. steel imports surge in anticipation of tariffs

Alexandria (Virginia, USA) - Steel exports in April were largely unchanged from both a month earlier and a year earlier. The United States exported 861,005 net tons of steel in April, down just under 1 percent from March but up almost a half-percent from April 2017

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VIDEO"LNG needs a continental approach"