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Europe

Logistics, Swiss railways in the red

Logistics, Swiss railways in the red

Zurich - As for everyone in the transport sector, SBB Cargo Switzerland started out 2017 on the upswing. The semester result experienced a net drop of four million Swiss Francs to -25 million. In particular, there was a significant drop in export/import traffic, and also a contraction in full wagon traffic

Scorpio Tankers in the red for the quarter

Scorpio Tankers in the red for the quarter

Monaco - Scorpio Tankers listed $32.5 million in costs on their balance sheet in supportof the transaction associated with the acquisition of Navig8 Product Tankers. The finalisation of the agreement made the company the leading group in the product tankers sector

Port of Genoa, a new crane for Spinelli

Port of Genoa, a new crane for Spinelli

Genova - A new crane for Spinelli:the Genoese terminal ordered another Konecranes Gottwald Mobile Harbour Crane for the port of Genoa’s docks. The order was completed in August and the equipment will be delivered in October. It is the fifth crane that the Genoese group has ordered since 2013

Grimaldi: “Marebonus is running aground”

Grimaldi: “Marebonus is running aground”

Rome - “The ‘Marebonus’ is running aground.And doing incalculable damage to Italy’s economy. The road haulage companies believed in the ‘Marebonus’ [i.e. Sea Bonus] to such an extent that they directed their investments to more and more intermodal transportation”

SAAR celebrates its 85 years of history

SAAR celebrates its 85 years of history

Genova - Last monday in Genoa (Palazzo San Giorgio),SAAR Depositi Portuali celebrated 85 years of history. The anniversary was celebrated with the presentation of a book that runs through the company’s history, from the 1930s to the present

Head of UK’s anti-Brexit party appeals for help to stop EU exit
Portugal’s bond yield plays catch up with Southern European peers
China expresses concern over EU push to curb foreign takeovers
Euro crisis over, Portugal’s return to investment grade sends bond yields sliding
Linesmen, EU-wide agreement on safety

Linesmen, EU-wide agreement on safety

Genova - A minimum common safety standard to be applied at all European ports.A normative tool to safeguard the job’s integrity, and one that, while acknowledging the business-side of the equation for a port’s success, doesn’t ignore best safety practices

“Independent Catalonia would need to apply to join EU”
Hardliners to protest French labour reform after Macron chides “slackers”
EU rejects punitive measures against Iran steel
“We are linking Salerno to West Africa ports” / INTERVIEW
Ferrero research centre opens in Manhattan

Ferrero research centre opens in Manhattan

Alba - New York will soon get another jewel of Italian excellence.In September Ferrero plans to bring its open innovation science division to Cornell University’s Roosevelt Island campus, nestled in the East River, between Manhattan and Queens

COSCO Shipping ports reports better H1 results

COSCO Shipping ports reports better H1 results

Shanghai - The port terminal operator division of China COSCO Shipping Corp.posted net profits of US$384.7 million, an increase of 123.7% for FY 2017, compared with the corresponding period last year. Total throughput of the Group’s container terminals increased by 11.8%

Korean shipyards set to win MSC’s mega deal

Korean shipyards set to win MSC’s mega deal

Seoul - Two South Korean shipbuilders - Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. - are expected to win a combined $1.5 billion deal, industry sources said Wednesday. Mediterranean Shipping Co. is working on an order for up to 11 container vessels

“STX France? It will remain State-owned for now” / INTERVIEW
Egypt cuts transit fees through Suez Canal by half
One dead, eight in hospital after stabbings in Turku
Why no barriers? Barcelona attack reignites row over securing streets
Despite delay, U.S. expected to impose steel tariffs
Norway’s $975-bln wealth fund should improve ethical stance
Post-bailout Portugal grows on strong domestic demand
Traffic to Antwerp port blocked as cargo ship runs aground
Passenger ships collided at Piraeus... again

Passenger ships collided at Piraeus... again

Piraeus - Ro-ro passenger ship “European Express” broke off her mooring and collided with docked next to her ro-ro passenger ship “Aqua Jewel” at Perama Ship Repair Yard in the morning Aug 13. Both vessels said to suffer damages, extent unknown, but no leak reported

C.E.O. of Grandi Stazioni is being investigated

C.E.O. of Grandi Stazioni is being investigated

Rome - The mega investigation started by the prosecutor in Romeinto alleged irregularities in CONSIP’s contracts, also involves Silvio Gizzi, the chief of the company Grandi Stazioni. In fact, Gizzi’s name appears in the request for an extension of the investigation of which the parties were notified a few days ago

Danish police say mystery submarine seems to have been sunk on purpose
Missing world’s largest private submarine

Missing world’s largest private submarine

Copenhagen - Said to be the largest private-built submarine in the world, “Nautilus”, sank at night Aug 10 at Kastrup Havn, Copenhagen, Denmark. Owner and builder of u-boat, Danish entrepreneur and inventor Peter Madsen, jumped into water and survived ordeal

Iran in talks to buy 48 Airbus helicopter
Erdogan says Berlin relations to improve after German election
Italy’s haulage sector at war with the Register

Italy’s haulage sector at war with the Register

Rome - The legitimacy of the Central Committee of the “Albo”, Italy’s Register of road haulage firms, is under scrutiny. The Albo manages the Italian state’s disbursements for some 93,000 Italian companies in the sector, which each year contribute around €13 million in registration fees

Fly Valan, tickets available from September

Fly Valan, tickets available from September

Genova - The day of the debut of air carrier Fly Valan is approaching,as in autumn it will begin operations out of Genoa. The project will be presented at the Region of Liguria on 4 September, meanwhile, the airline has begun the recruitment of 10 flight attendants

MPS Bank loses €3.2 bn but deposits rise

MPS Bank loses €3.2 bn but deposits rise

Siena - With accounts in the red,but a loyal customer-base. That’s how MPS (Banca Monte dei Paschi di Siena) closed its first half of 2017: €3.24 billion in losses, mainly due to four billion in loan readjustments that point to a loss of 21% in the value of some 26 billion in overall bad loans

Traceability to protect “Made in Italy” brand

Traceability to protect “Made in Italy” brand

Rome - When you speak with those who carry out the food inspections,the answer is always the same: if the product is Italian you can be sure. Of course, there is always an exception, one finds producers who do things that are wrong, but it is precisely that, an exception to the rule

Insecticide in eggs: seizures in Emilia Romagna

Insecticide in eggs: seizures in Emilia Romagna

Bologna - The omelettes were made in the Netherlands and Belgium. But the contaminated dishes may have ended up on tables in 15 countries, including Italy. The danger goes by a name that is difficult to pronounce: it is called “Fluocyanobenpyrazole”, and it is the most important ingredient in a deadly insecticide

Pre-clearing set to begin for automotive in Italy

Pre-clearing set to begin for automotive in Italy

Ravenna - In early September advanced customs clearance proceduresfor motor vehicles are set to start. A trial period by Italy’s Customs Agency will last six months, and it will represent the first time that vehicles are also included, since 2014, when the procedures started being applied to containers

Accounts positive for ERG

Accounts positive for ERG

Genova - ERG closed the first half of 2017 with a growth in profits, and its shares experienced some appreciation, as the company is putting the finishing touches on the sale of its 51% stake in TotalErg, thus shedding the company’s last fuel oil related business

Zalando: a thousand jobs in Northern Italy

Zalando: a thousand jobs in Northern Italy

Rome - Zalando has chosen Italy for its expansion and the doubling of its presence with the creation of a true distribution hub which will employ about a thousand workers. The announcement on the day when the half yearly accounts are distributed (with a revenue increase of 21.5% to 2,080 billion)

Customs: Italian single window on final stretch

Customs: Italian single window on final stretch

Genova - From mid-May until mid-September, about 100-150 containers per week of summer fruit that is grown outside of Italy arrive at the port of Genoa (Psa Terminal, Sech, Spinelli). They carry tropical fruit, in particular citrus fruits like oranges, lemons and grapefruit

ENAC renews Alitalia’s  flight licence

ENAC renews Alitalia’s flight licence

Rome - A sigh of relief for Alitalia. ENAC has renewed the permanent flight licence, promoting the good state of health of the company, which has been under extraordinary administration (insolvency procedure) for three months

Titan ships machinery from Italy to India

Titan ships machinery from Italy to India

La Spezia - Italian firm Titan Project & Logistic shipped of machinery for a tannery.The machinery was picked up from the Italian tannery after dismantling and was stuffed, lashed and loaded on a 20’ flat at the Titan premises as photographed. The shipment then left La Spezia in Italy bound for Nhava Sheva, India

Port and profitability go hand in hand
EU starts action against Poland over judiciary reforms
Greece prepares for end of bailout era with comeback bond
Maersk to restore operations after cyber attack

Maersk to restore operations after cyber attack

Copenhagehn - Danish shipping giant Maersk said that it expects its container operations to get back to normal early next week, after the recent cyber attack that affected its shipments. Specifically, the company informed this week that it had restored its major IT systems

AS.FO.R: go-ahead for smart logistic

AS.FO.R: go-ahead for smart logistic

Genoa - The new training operation for unemployed youth in the maritime cluster -ports and logistics - was introduced at Genoa Smart Logistic. The operation was financed by the Region of Liguria through European Community funds (European Social Fund)

“Ferry Terminal grocer was a mafia boss”

“Ferry Terminal grocer was a mafia boss”

Genoa - Arrested at the Ferry Terminal,in the lorry from which he sold his typical preserved meats and cheeses. According to the District Anti-Mafia Directorate, his name is Santo Giuseppe Aligi, he is 48, from Reggio Calabria, and anything but a parvenu

Export boom? Euro zone shows Britain how it’s done
Competition is on the rise / REPORTAGE

Competition is on the rise / REPORTAGE

Munich - According to data from the Organisation for Economic Co-operation and Development (OECD), two billion tonnes of goods are transported in the Mediterranean every year (819 million tonnes through the Suez Canal), which accounts for 20% of global traffic.