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Greek seamen to strike in September

Greek seamen to strike in September

Piraeus - Ferries will remain moored at Greek ports on Monday,3 September, after the union representing the country’s seamen called a 24-hour strike following fruitless talks with ship operators to renew a collective pay agreement

Greek owners to be affected by sanctions on Iran

Greek owners to be affected by sanctions on Iran

London - A significant increase in trade volumes can be seen following on from the lifting of US sanctions in January 2016. A seasonal pattern can be observed in ton-mile exports post January 2016, with total volumes rising in the Autumn months in preparation for higher Winter demand

“STI Poplar” damages dock at Ploce Port

“STI Poplar” damages dock at Ploce Port

Ploce - A tanker loaded with oil rammed into a dock in the Croatian Port of Ploce, causing significant damage that left the port’s liquid cargo terminal inoperable. According to local media, the tanker smashed into the dock causing a portion of the quay wall and the unloading infrastructure to fall into the sea and sink

Hundreds injured as platform collapses into sea

Hundreds injured as platform collapses into sea

Madrid - Hundreds of people were hurt, five seriously, when a wooden platform collapsed at a seaside music festival in northwestern Spain on Sunday night, state television RTVE reported. There were no reports of any fatalities from the incident

ENAC warns Volotea: “Too many delays”

ENAC warns Volotea: “Too many delays”

Genoa - Should current disruptions persist, and in the face of a lack of remedial plans, starting September 15, Catalan airline Volotea, the main operator at the Genoa airport, will be obliged to suspend all ticket sales and flight operations in Italy

Divača-Koper
 at 160 km/h / ANALYSIS

Divača-Koper at 160 km/h / ANALYSIS

THIS past year in Slovenia, there has been a debate on the upgrading of the Divača-Koper rail line. The project, because of its high cost, has been held hostage by the political clash between the majority and the opposition. Suffice it to say that several referendums have been held to stop the project

Tourism in Italy: 132 billion euro across 2,821 municipalities

Tourism in Italy: 132 billion euro across 2,821 municipalities

Genoa - The overall earnings of Italian municipalities that participate in tourism is close to 132 billion euro. The places chosen by Italian and foreign tourists pepper the peninsula, and number 2,821 in total, ranging from seaside, mountains, hills, lakes and spa locations, to towns renowned for their artistic and religious heritage

Railways: Unions, SNCF must honour contract, MIT must intervene
Collision between hydrofoil with 200 tourists and a boat, no injuries
Poor EU harvest to shrink wheat stocks, swell maize imports

Poor EU harvest to shrink wheat stocks, swell maize imports

Paris - Weather-hit cereal harvests in Europe will lead to tight wheat supplies in 2018/19 and leave the region reliant on record imports of maize to feed its livestock herd, analyst firm Strategie Grains said. Drought and heatwaves since late spring have withered crops in northern Europe

Europe shows it’s getting serious about buying US LNG
Workers forced to move 10,000 books in a shift

Workers forced to move 10,000 books in a shift

Pavia - Ten thousand books to be moved in one shift, ‘weekly’ contracts renewed for years, 200 hours of overtime per month, systematic violations of every labour right. These were, according to 300 workers’ stories, the working conditions reported by a study into ‘caporalato’, a kind of illegal job brokerage

“Gypsies get off, you’re breaking balls”

“Gypsies get off, you’re breaking balls”

Milan - “Passengers are asked not to give money to the beggars. Gypsies: get off at the next stop, because you’re breaking our balls.” This message, delivered by a female voice over the Tannoy, was heard yesterday by the passengers onboard the regional 2653 train, the 12.20 from Milan stopping at Cremona and Mantua

Carige loses its sixth board member

Carige loses its sixth board member

Genova - Another desertion, the sixth, from the board of directors of Banca Carige. Lucia Venuti, a 54-year-old lawyer from Massa, has left the board and has added her name to Malacalza’s list. Venuti justified the choice “in light of the events that have taken place recently”

Weak demand threatens box recovery

Weak demand threatens box recovery

London - Weak consumer confidence in the UK and sluggish retail demand in Germany have dragged down freight volumes between Asia and Europe during the first half of the year, despite a generally bright picture for demand elsewhere, according to a new report from Drewry

Delivery riders’ growth in Italy

Delivery riders’ growth in Italy

Genoa - Foodora’s announcement that it is leaving Italy is not a setback to the growth of delivery riders, the modern, poorly paid and very little protected pony-express employees who deliver things like meals by bicycle

“Technology has prevented a disaster” / INTERVIEW
Carige: Moody’s cuts rating in response to ECB

Carige: Moody’s cuts rating in response to ECB

Genoa - On the day of the meeting for the response to the ECB, which rejected the plan to conserve the bank’s assets in July, but also on the day of the likely approval of the start of exclusive negotiations for the sale of the first tranche of UTP, Carige received a rating cut from Moody’s

More flexibility for the port authorities, less interference from the ministries
Banks greenlight the rescheduling of IPLOM’s debt

Banks greenlight the rescheduling of IPLOM’s debt

Genoa - About two and a half years after the accident of April 17, 2016, when a leak on a pipeline created a massive spill of crude oil that led to the suspension of all refining activity for 6 months (the longest in the company’s history), IPLOM has – since the full recovery of industrial activity, signed an agreement with banks

Carige: Queirolo leaves the board of directors, fifth resignation in one month
300 kilos of TNT disappeared in the Adriatic

300 kilos of TNT disappeared in the Adriatic

Grado - The search for 300 kilos of TNT which disappeared in the upper Adriaticoff the coast of Grado has been suspended. Despite the use of underwater personnel, sonar, and other specialized equipment, there is no sign of the explosives

This is not the way to defend Italian companies / ANALYSIS
The project of an entirely public Alitalia / BACKGROUND

The project of an entirely public Alitalia / BACKGROUND

Rome - The government’s plan to relaunch Alitalia is taking shape. The idea is an “all-Italian” solution, which can safeguard jobs and re-establish the country’s flag carrier. No more 51%, as initially envisaged. The positions of the Lega and the Five Star parties are in fact increasingly in favour of this project

ILVA, Di Maio: ArcelorMittal needs to make a move
Non-EU buyer gets 15% of a firm? Berlin wants to intervene
UAE’s Stanford Marine creditors in talks about sale of business

UAE’s Stanford Marine creditors in talks about sale of business

DUBAI/ABU DHABI - Creditors of Stanford Marine Group (SMG), which has links to troubled private equity firm Abraaj, are in talks with three potential buyers, sources familiar with the matter say. Banks are overseeing control of Dubai-based SMG after it failed to meet the terms of its debt obligations

Turkey’s Yilport wins approval for Taranto’s terminal concession
Fincantieri Marine Group announces new CEO

Fincantieri Marine Group announces new CEO

Washington D.C. - Fincantieri Marine Group announced today that, following a successful six year tenure as the company’s President and Chief Executive Officer, Francesco Valente has announced his intention to step down from the position to assume another leadership role within the Fincantieri group

Libya: Tripoli Port resumes operations after a 6-year hiatus

Libya: Tripoli Port resumes operations after a 6-year hiatus

CAIRO – The first ship to arrive at the Libyan port since 2012 bore an Italian name; and with it the resumption of Tripoli Port’s sea traffic. The news appeared in the online media source The Libya Observer. The docking of the Grande Sicilia, which sailed from Belgium with 1,457 vehicles on board, took place on Wednesday

Alitalia improves its balance sheet and the punctuality of its flights
USA highway concessions: Gavio family partners Ardian fund
Carige, Malacalza leaves the board

Carige, Malacalza leaves the board

Genoa - Carige is back in the red for the first half of the year, and its board of directors has lost Vittorio Malacalza, the bank’s largest shareholder, who announced his resignation at the shareholders’ meeting and made it effective yesterday

ENAC places four companies under investigation because of delays

ENAC places four companies under investigation because of delays

Rome - Ridiculous delays of over 30 hours; travellers stranded at the airport without explanation; last-minute cancellations. It was a difficult start to the summer for those who chose to travel by plane. That’s why the the Civil Aviation Authority decide to open an investigation into four carriers

Tensions on Carige’s board of directors: Balzani resigns

Tensions on Carige’s board of directors: Balzani resigns

Genoa - Carige’s Board of Directors, which experienced an irreparable rupture between shareholder Malacalza and the company’s CEO Paolo Fiorentino, met to approve balance sheets for the first half of the year and to respond to the letter in which the ECB censured its governance

Mercitalia Rail: the first 33 intelligent wagons for coil transport are operational
Two cranes arrive at MDC terminal in Carrara

Two cranes arrive at MDC terminal in Carrara

Marina di Carrara - The new MDC terminal in Marina di Carrara starts up with the arrival of two 350-tonne carrying capacity cranes. “It is the beginning of a new era at the port,” said the chairman of the Port System Authority of the Eastern Ligurian Sea, Carla Roncallo

Ente Bacini: number of ships increases

Ente Bacini: number of ships increases

Genova - In the first half of 2018, the port of Genoa’s six dry docks hosted 40 ships versus 27 in the first half of 2017; however, the length of their stays has decreased, bringing the percentage usage of the tanks down from 83 to 68%

Genoa: container traffic is growing

Genoa: container traffic is growing

Genova - With 1,126,089 containers handled from January to June 2018, the port of Genoa has recorded 5.7% more than the 1,065,000 TEUs it achieved in the first half of 2017, confirming that it is the driving force in the city’s economy

Port of Amsterdam offers discount for LNG ships

Port of Amsterdam offers discount for LNG ships

Amsterdam - The Port of Amsterdam has announced that it will double the Environmental Ship Index (ESI) discount for vessels powered by liquefied natural gas (LNG). Previously, for some years, the Port had been giving discounts to vessels that had attained an ESI score of 20 points or higher

SC Lowy buys $160 mln defaulted shipping loan from Monte dei Paschi

SC Lowy buys $160 mln defaulted shipping loan from Monte dei Paschi

Milan - Boutique financial firm SC Lowy said on Wednesday it had bought a $160 million bad loan portfolio from Italian state-owned bank Monte dei Paschi di Siena in one of the country’s largest shipping debt sales. SC Lowy entered the Italian market in April by buying a 90 percent stake in small lender Credito di Romagna

Asia-Europe rate rises 7.3% to US$ 926 per TEU

Asia-Europe rate rises 7.3% to US$ 926 per TEU

Shanghai - Spot rates for shipping containers from Asia to northern Europein the week ending Friday rose 7.3% to US$926 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade grew 2.8% to $893 per TEU

“Fincantieri-Naval Group tie up still unclear”
FS: change at the top, enter Battisti and Castelli

FS: change at the top, enter Battisti and Castelli

Rome - «Experience, efficiency and ethics». They’re the three E-words chosen by Italy’s Minister of Transport, Danilo Toninelli who posted on Facebook the news of changes in the upper echelons of Ferrovie dello Stato. Enter two new “excellent internal managers”

Di Maio to Mittal: some improvement, still not sufficient
ILVA: read the ArcelorMittal addendum

ILVA: read the ArcelorMittal addendum

Rome - An acceleration on the coverage of raw materials storage facilities and a reduction in CO2 emissions. These are some of the environmental commitments in the addendum proposed by ArcelorMittal and presented today at the ILVA meeting at MISE

China invests in 42 overseas ports under Belt and Road project
Stock market opens for Bio-Uv Group

Stock market opens for Bio-Uv Group

Paris Bio-Uv Group, the France-based manufacturer of the BIO-SEA ballast water treatment system and other ultraviolet-based water treatment technologies, has announced its initial public offering (IPO) has been approved on the Paris Euronext Growth market

Car carrier hits ground off Sweden

Car carrier hits ground off Sweden

Foftahammar - The Panama-flagged car carrier “Makassar Highway” ran aground in the Tjust archipelago, off the coast of Loftahammar, Sweden in the morning hours of July 23. An undisclosed amount of oil leaked from the vessel following the incident

ABB turbochargers support COSCO “Universe”

ABB turbochargers support COSCO “Universe”

Baden - The 21,000+ TEU (20-foot equivalent unit) COSCO Shipping “Universe” has broken the record for China’s largest container ship and is equipped with ABB turbochargers to assure optimal performance and fuel efficiency