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07 December 2025 - Year XXIX
Independent journal on economy and transport policy
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News File
January 2016




29/01/2016Ferries and Linéa Corsica plan the fusion
While Corsica Linéa and the Méridionale collaborates to the creation of a marine company that will be controlled by the Territorial Collectivity of Corsica




29/01/2016In the 2015 port of Genoa has established the own new record anniversary in the field of the container
Movimentate 21,9 million tons of containerized cargos (+1.0%) for a volume pairs to 2.242.902 teu (+3.2%)




29/01/2016the Svitzer Danish will supply services of towing in the port of Guangzhou
Agreement in order to constitute joint venture with the Chinese Guangzhou Port Group




29/01/2016Al via the phase of constitution of the Agency for the Harbour Job in the port of Trieste
In the experimental phase of 12 months it will be participated with 51% from the Harbour Authority. Initially the organic one will be of 111 units




29/01/2016"K" Linens, MOL and NYK close the third trimester of fiscal year 2015 with a decrease of the economic performances
Registrate newly losses in the segment of the portacontainer. Deterioration also in the field of the bulk




28/01/2016ESPO and ECSA plaudono to the adoption of the lines guides EU on the places of shelter for the ships in danger
is defined by the Cooperation Group on Places of Refuge




28/01/2016New attempt of privatization of the railway society Greek Trainose
The interest manifestations will have to prevent on 1° February to the HRADF between and 21 March




28/01/2016Evening of Propeller Club of Trieste on the activities of the nautical services technical of the giuliano port
will hold 3 February




28/01/2016group MSC buys railway operator portuguese CP Charges
the investment of the Helvetic shipowning group piles to 53 million euros




28/01/2016the Harbour Authority of Livorno says not to the landing place of the Cotunav ferries to the Italy Pier
the PRP establishes that the dock is destined to handling of the forest produced ones and cannot be stablily used for other traffics




28/01/2016Within year-end the results of the experimental program of monitoring of the emissions of the ferries
To the initiative of the Harbour office of Genoa and Arpal GNV for the Genoa-Palermo route collaborates




28/01/2016the consortium guided from Qube throws again the offer in order to acquire Asciano
To the proposal it has joined China Investment Corporation




28/01/2016the Zoomlion Chinese has introduced an offer in order to acquire the entire capital of the Terex American
The proposal has a value of about 3,3 billion dollars




27/01/2016Last year the port of Algeciras has enlivened 4.511.322 container (- 1.0%)
The traffic of transhipment has grown of +0.2%, while it disembarks to it and it embarks to it are diminished of the -23,0% and of -4,6%




27/01/2016the ECSA recriminates for the "lacked occasion in order to adopt an approach including on the access at the market of the harbour services"
"the shipowners - it has emphasized the general secretary of the association - must still face practical restrictive and legal obstacles"




27/01/2016The port of tightens the ties with the American crocieristico group Royal Caribbean Cruises
In 2016 and the 2017 the ships "Harmony of the Seas" and "Freedom of the Seas" will be placed stablily in from Liguria port respective




27/01/2016In the port of Livorno the enterprises of the field ro-ro are available to estimate the subscription of a net contract
the summits of the Harbour Authority have introduced the proposal to the Lucarelli companies Terminal, LTM and Sintermar




27/01/2016Feport is satisfied of the outcome of the passage in commission Transports of the Parliament EU of the legislative proposal on the ports
Kerdjoudj-Belkaid: we appreciate the reference to the necessity that the agencies of management of the ports start reasonable consultations with the private investor




27/01/2016Arctic Securities and John Fredriksen constitute joint venture of marine brokerage
the Arctic Shipping Norway will begin the activity in the course of the first semester of 2016




27/01/2016Wärtsilä closes 2015 recording an increase of the economic results
the new orders are diminished of the -3%, with a -8% in the single naval segment




26/01/2016Fincantieri has signed three agreements with society Iranians
contracts Are propedeutici to the perseguimento of some and the potential development of combined activities




26/01/2016Grimaldi upgrades the freeways of the sea with the Sicily and the Sardinia
Breaking in of ro-ro "the Eurocargo Istanbul" on the Livorno-Cagliari route




26/01/2016In the 2015 port of Marseilles has established the own new records in the fields of the container and the cruises
Containers +4% and white ships +2%




26/01/2016Stable in the 2015 traffic of the goods enlivened from the port of Ancona
In increase container and rotabili, liquid bending of the goods and sand banks




26/01/2016the harbour community spezzina against the government all politician of the Italian ports
Denounced the exclusion of the operators and the private users from the direction cabin




26/01/2016The Croatian ship yard Uljanik will construct a cruise ship for the first time
With the new unit the Scenic Australian, specialized in fluvial routes, will enter in the segment of the oceanic cruises




26/01/2016Agreement between HHI, Saudi Aramco, Lamprell Energy and Bahri in order to realize a navalmeccanico center in Saudi Arabia
In the next few months they are in program the procedures of two diligence and other asset




26/01/2016Study in order to ulteriorly reduce the environmental impact of the harbour activities to Savona
a delegation of the Chinese port of Tianjin has visited from Liguria port of call




26/01/2016Ok of the Harbour Committee of Maritime Ancona to the concession to Frittelli on an area in which work ISA
It will have lasted thirty-year (were demanded 50 years) and will have to be insured the naval shipbuilding activity in the productive site




25/01/2016La Comisión de Transportes del Parlamento Europeo rechazó la propuesta de un acceso libre generalizado en todos los puertos a los proveedores de servicios portuarios
Según ESPO, el resultado de la votación de hoy "abre el camino a un marco legislativo aceptable para los puertos"




25/01/2016the port of Ravenna archivia 2015 with the 24,7 million one tons of goods enlivened (+1.1%)
Record in the container with 244.813 teu (+10.0%). Of Marco: "we are working with Venice which we have proposed a strategic alliance"




25/01/2016Last year the harbour terminals of Eurogate have enlivened beyond 14,5 million container (- 2.0%)
the traffic in the German terminals has been pairs to 8,2 million teu (+1.5%)




25/01/2016With I decree legislative on the ports the Italian government opens third via bisector traditional regimes in vigor in Europe
Between the nordeuropea managerial management and that collegiate sudeuropea the executive guided by Matteo Renzi seems to prefer that partisan of State control one




25/01/2016military group has purchase a majority participation in the American Clipper
the German group will start a service ferry between Florida and Cuba




25/01/2016Last year the ports of Olbia, Golfo Aranci and Porto Torres have enlivened 3,78 million passengers (+6.1%)
Cars and camper vans to the continuation of the passengers have been 1,22 million (+6.0%)




22/01/2016Premuda confirmation that the negotiations with banks for the restructure of the indebtedness are in advanced phase
Up to the present - the company emphasizes - some indication of intentions by the creditors does not exist to interrupt them




22/01/2016Cargill announces the closing of the London office of the division of marine transport
the activities in the segment of the shipping will be concentrated in the center of Geneva




22/01/2016Profit warning of Lowers Shipping Lines Container
The company previews to record exercise 2015 with a net loss attributable to the shareholders of about 425 million dollars




22/01/2016Filt Cgil and Fit Cisl appreciate decree legislative of the Italian government on the ports
Only new that we do not share - the general secretary of the Fit emphasizes - it is the abolition of the Harbour Committees




22/01/2016In the 2015 revenues generated from the activity of the OOCL fleet they are diminished of -10,1%
Stable the total transported containerized cargo volume from the ships of the company of Hong Kong




22/01/2016the German federal government has adopted new strategic a slowly national one for the ports
It includes general and specific measures in order to increase the competitiveness and the efficiency of the ports of call




22/01/2016intimate Brussels to Belgium, France and Holland to abolish the exemption from the deposit of the social taxes granted to the ports
Vestager: "I will introduce a proposal in order to facilitate the investments that can create job, excluding them from the controls relatively to the European norms on the aids of State". The port of Rotterdam is ready to introduce a resource




21/01/2016positive Reactions to the passage in Council of Ministers of I decree on the reorganization of the Italian harbour administration
the opinions of Marcucci (Confetra) and Coast (AP Venice). Silvia Velo emphasizes the opportunities of increase of the blue economy. Uiltrasporti: necessary an ulterior provision that it disciplines the harbour job




21/01/2016Hyundai Merchant Marine confirmation negotiations for the possible cession of the division Bulk
The Hahns & Co are on with the society of private South Korean equities.




21/01/2016Reunion of Propeller Club Port of Leghorn on the new operating orders of the port of Livorno
One will hold on 25 January near the center of the Yacht club




21/01/2016Confirmed deep the destined ones from the EU to the Great Project for the port of Naples
On 4 February the sitting for the approval of the budget of forecast 2016 of the partenopea Harbour Authority will hold




21/01/2016the Italian government has examined in via preliminary matter decrees on the reorganization of the harbour administrations
Of current the 24 Harbour Authorities, nine will be declassed to territorial Offices of Port of call and will be under responsibility of 15 Authorities of Harbour System with center in the ports "Core" of the European net




21/01/2016the port of Palermo has closed 2015 with traffic goods record of 6,89 million tons (+10.2%)
the crocieristi have grown of +2.9%




21/01/2016Greece chip ax the proposal of COSCO for the acquisition of 67% of the Harbour Authority of the Pireo
Offer of 368,5 million euros for the quota. The agreement with the Chinese shipowning group, included investments, dividends and interests, has a value of 1,5 billion euros




20/01/2016Cargotec will acquire the Interschalt computer service company
the German company work for the marine industry




20/01/2016the port of the TV assistant has archived item 2015 with a new record of crocieristico traffic
This year is attended ulterior consisting an increase




20/01/2016Started a program of control and analysis of the quality of the air in the port of Naples
On the docks port of call equipment will be installed in order to find the main types of polluting




20/01/2016the share of Diana Containerships has lost the conformity to the regulations of the Nasdaq
the Greek company will put into effect a grouping of the actions




20/01/2016the Harbour Authority of Livorno will propose to the terminalisti of the field ro-ro to sign a net contract
the objective is of giving organicity to the section and increasing the competitiveness of the port of call




20/01/2016MSC Cruises has suspended the ports of call in the ports of Turkey
the decision as a result of recent the tragic events of Istanbul




20/01/2016Boluda Towage and Salvage orders four new tugs to the French yard Piriou
They will join to two means taken in delivery to end 2015 and will be employed in France




20/01/2016Last year Hyundai Heavy Industries has recorded a decrease of the -26,7% of the new orders
In the segment of the shipbuilding the bending has been of -3,4%




20/01/2016in the 2015 traffic of the container enlivened from the port of Tanger Med
has been pairs to approximately three million teu, of which 119 thousand teu in import/export




20/01/2016Ports the port of Oakland lascerà America
In the 2015 port American it has movimentato2.277.515 container (- 4.9%)




19/01/2016The shipowner has passed away Pascal Lota course
In 1968 it has founded the group Corsica Elba Ferries Sardine




19/01/2016Feport exhorts the national authorities to make clarity on the performance of the norms on the verification of the weight of the container
the harbour terminalisti fear an impact negative on the logistic chain and a possible distortion of the competition




19/01/2016the port of Busan has closed the 2015 with a traffic container record of 19,4 million teu
the traffic has recorded an increment of +4.1% on the year precedence




19/01/2016Tomorrow on the Gazette the ban of contest for the realization of the Europe Platform will be published
Contract for the planning of the first phase of the work and the construction and management of the new terminal containers of the port of Livorno




19/01/2016Last year the container enlivened from the Italian harbour terminals of Contship Italy pairs to 5,0 million teu (- 5% have been)
Bending of the volumes to Gioia Tauro, increase in the other ports




19/01/2016In the 2015 traffic of the goods in the port of Venice it has grown of +15%
Crocieristi down of -10%




19/01/2016The Indian group Mercator places the fleet of ships on sale portarinfuse
The board of directors has decided the cession of the company Mercator Lines (Singapore) Ltd.




19/01/2016Wallenius Wilhelmsen Logistics will acquire the entire control of the CAT-WWL
the society manages ten centers of service, storage and maintenance of motor vehicles in South Africa




19/01/2016In the 2015 ports of the Havre, Paris and Rouen have enlivened 91,4 million tons of goods (+2.4%)
The crocieristica activity has recorded a bending of -12%




18/01/2016Last year the crocieristico traffic in the port of Naples has grown of +14.0%
In the port of call 445 cruise ships (+11.5% are landed)




18/01/2016the port of Barcelona has closed 2015 with a total of 45,9 million tons of goods (+1.3%)
the passengers have been 3,7 million (+7.2%), of which 1,2 million in the field of ferries (+6.6%) and 2,5 million in that of cruises (+7.4%)




18/01/2016the port of Antwerp has established new records of traffic total and handling of the container
In the 2015 containers they have been pairs to 9.653.511 teu (+7.5%)




18/01/2016Christophe Tytgat is named general secretary of SEA Europe
1° March will succeed to Douwe Cunningham




18/01/2016En 2015, el volumen del buque de carga en los barcos transitados en el Canal de Suez se mantuvo sin cambios
Los que se dirigían al sur llevaban 417,2 millones de toneladas de carga (+ 0,3%) y los que se dirigían al norte 405,7 millones de toneladas (-0,1%)




18/01/2016the construction of the new Algerian port of El Hamdania is entrusted Chineses CHEC and CSCEC
It will become operating to four years from the start of the work and will be completed in seven years




18/01/2016In the 2015 airplane of the Lufthansa Cargo group they have transported only 1,6 million tons of cargos
The load factor it has been pairs to 66.3%, 3,4 points percentages less of the year precedence




15/01/2016In the 2015 port of Piombino it has enlivened 4,76 million tons of goods (+2.5%)
the traffic of the passengers has been of 3,12 million people (+2.3%)




15/01/2016Last year the traffic of the container in the port of Naples has grown of +1.5%
The full containers are increased of +11.5%, while those empty ones are dropped of -1,3%




15/01/2016Brussels starts an investigation in order to verify if two harbour terminalisti of Antwerp have obtained aids of State illicitly
the Harbour Authority of the Belgian port of call has granted to the operators a reduction of the due indemnification for the lacked attainment the minimal level of traffic




15/01/2016the port of Rotterdam has archived item 2015 with an increment of +4.9% of the traffic thanks to +10.9% of the liquid bulk
Containerized trade down of -1,1%




15/01/2016the direction of the harbour terminal of Genoa of the Messina group will be entrusted Roberto Ferrari
It will have the task to develop important programs of increase, with particular reference to new markets




15/01/2016Last year the traffic of the container in the port of Hong Kong is diminished of -9,5%
the port of call is come down to the fifth place in the ranking of the first world-wide ports container




15/01/2016In the 2015 traffic of the container in the port of Los Angeles it is dropped of the -2,2%, while to Long Beach it is increased of +5.4%
8.160.458 teu and 7.192.069 teu are enlivened respective




14/01/2016Rejected the resources of the Livorno Porto 2000 against the Harbour Authority of
the REGIONAL ADMINISTRATIVE COURT for the Liguria has declared them inadmissible and has condemned the Leighorn society to the payment of the argument expenses




14/01/2016In the first eleven months of the 2015 traffic of the goods in the Spanish ports it has grown of +4.0%
Enlivened 7,9 million crocieristi (+10.4%)




14/01/2016Al port of Ancona will be assigned deep for 2,4 million euros for the intermodalità
The resources will be destined priority to the project of extension of the bundle of railroads to service of the goods in new dock




14/01/2016In the 2015 logistic group and trasportistico Fercam has recorded a turnover record
Totaled almost 600 million euros, with an increment of +12.5% on the year precedence




14/01/2016Last year the containerized trade enlivened from the harbour terminals of PSA is dropped of -2,0%
To Singapore 8.7%) and in the terminals are enlivened 30,62 million teu (- foreign countries of group 33,48 million teu (+5.0%)




14/01/2016On 26 January to Milan a convention will hold on the sustainable logistics
It is organized from Assologistica Culture and Formation with Mayday LOG




13/01/2016For the first time on the travelling freeway Freiburg - Novara is transported beyond 100 thousand truck
In 2015 on the draft the trains have transported 100,500 and 10,000 on that Basel - Lugano




13/01/2016the former managing director of Italian Railroads of the State, Michele Mario Elia, has left the group
Minister Padoan has specified that in its audition yesterday near the parliamentary commissions he did not intend to express judgments on the precedence management of the company




13/01/2016the association of the European private harbour operators Feport will sign an agreement with the ICHCA
Bonz: the understanding will allow to connect our job to European level with the efforts and the international initiatives of the ICHCA




13/01/2016In the 2015 traffic of the container enlivened from the port of Singapore it has been stopped to quota 30.922.400 teu (- 8.7%)
Altogether the traffic of the goods in the Asian port of call has been pairs to 574,9 million tons (- 1.1%)




13/01/2016In the 2015 traffic of the passengers in the port of Genoa has grown of +3.9%
the crocieristi have been 848,227 (+2.9%) and the passengers of ferries 2.005.626 (+4.4%)




13/01/2016In the port of Genoa it takes to start the system of computerized interchange of the goods
After three years the phase of test is finished




13/01/2016harbour group Chinese CMHI will acquire 21.05% of Dalian Port
Investment of the value of 558 million dollars




13/01/2016the port of Trieste is ready to sign an agreement with the marine administration of Iran
Encounter to Tehran between a delegation of the Region Friuli Venice Julia and the representatives of shipowning society IRISL and the Ports & Maritime Organization




12/01/2016Last year the port of Zeebrugge has enlivened 38,3 million tons of goods (- 9.9%)
Hard decrease of the traffic of container (- 23.8%)




12/01/2016COSCO is the only offerer for the acquisition of 67% of the Harbour Authority of the Pireo
Currently the Chinese shipowning group, through the Piraeus Container Terminal, work on docks II and III of the Greek port




12/01/2016Installed the committee administrator of the Bottom of bilateral Solidarity of the marine field
Leonardo Piliego (Confitarma) is elected president




12/01/2016MSC Cruises has introduced a new strategy of positioning of own brand
Agreement with Samsung in order to more equip the ships of next generation of the company of the advanced technology of the South Korean group




12/01/2016Filt, Fit and Uiltrasporti speed up the Tuscany Region to activate themselves in order to create a real regional harbour system
System - they specify - that Piombino exists only if, Livorno and Marina di Carrara are together




12/01/2016The EU commission approves of the acquisition of 12.5% of Saipem by Italian Strategic Bottom
FSI is controlled by Bank of Deposits and Loans




12/01/2016the port of Dublino closes the 2015 with a traffic record of 32,8 million tons of goods
Increment of +6.4% on the year precedence




12/01/2016the port of Shanghai confirmation first port of call world-wide container
In 2015 it has enlivened beyond 36,5 million teu (+3.6%)




11/01/2016the Harbour Committee of Ancona has approved of unanimously the new regulations of discipline of the harbour job
Green light to the pre-emptive budget 2016 that previews investments for about 76 million euros




11/01/2016In the 2015 port of Trieste it has enlivened a traffic record of 57,1 million tons of goods (+0.1%)
Of Augustin: "Trieste has a polyvalent character more and more"




11/01/2016ABB is installing new systems of control and automation on the GNV ferries
Agreed a triennial plan of participations




11/01/2016the ECSA wishes a correct one and harmonized application of the European directive on the collection of the refusals of the ships
Verhoeven: "so that the directive is effective in the communitarian ports adequate systems of collection must be available"




11/01/2016PACC Services Holdings increases its presence in Middle East
with the Hmood Saudi To - Khalaf Group




11/01/2016La Spezia Port prompt Service clarifications and fast participations on the issue of the dredgings
Borra (Doganalisti): we are convinced that to it can mature a new experience of safeguard of the economic and occupational truths also in concomitanza with the judicial investigations




11/01/2016In the 2015 port of Khalifa (Abu Dhabi) has enlivened a traffic of the container record pairs to 1,5 million teu
Increment of +32.2% on the year precedence




11/01/2016military group line ro-ro Cargo between the Spanish port of Motril and that Moroccan of Tanger Med
will be inaugurated in the second half of this month




08/01/2016Hupac upgrades the railway services with the terminal of Busto Arsizio
Nuovo connection with the Dutch terminal of Venlo and increment of the frequency towards Antwerp




08/01/2016the port of Bilbao will have a new terminal cruises
In the 2015 crocieristico traffic in the Basque port of call it has been of 70.541 passengers




08/01/2016Of Marco (AP Ravenna): the Fast Corridor initially can scare, but it creates the opportunity to intercept new traffics
It allows - it supports - to diversify of the flows and to attract goods to greater added value for the benefit of the port




08/01/2016The EU commission authorizes the acquisition of TNT Express by Fedex
According to Brussels, the new group will continue to face a level of sufficient competition in all the main markets




08/01/2016today's strike in the port of Rotterdam interrupts 13 years of social peace on the docks
Unions CNV and FNV fear the loss of job 200-800 places because of the automation of the terminals




07/01/2016Last year the traffic of the goods in the port of Amsterdam is diminished of -1,8%
Meijer: in the second half of the 2015 traffic he has been inferior to the expectations because of a extremely mild winter climate that has meant less coal




07/01/2016the Istat has communicated the railway traffic data goods and passengers enlivened in Italy in 2014
Passengers in increases of +1.1% and goods of +3.3%




07/01/2016Brussels approves of the constitution of joint venture formed from Embarcadero Maritime and Nordic Tankers
the new society will manage ships to chimichiere ice class operated in north-western Europe and the Baltic Sea




07/01/2016In the 2015 port of Savona-Go it has enlivened 13,2 million tons of goods (+7.5%)
Record of the conventional traffics of goods, passengers and the number of ports of call of the ships




07/01/2016Widening of the container terminal of the port of Mundra managed from joint venture Adani-MSC
With the performance of the project the ability to containerized trade of the Indian harbour port of call will go up to 6,6 million teu




05/01/2016Al Genting group the entire capital of the Lloyd Werft Bremerhaven ship yard
Acquired the remaining quota 30% not still in possession of the Asian group




05/01/2016the navigation company Iranian IRISL is ready to open offices in Europe
the objective is to favor the exports of goods Iranians towards the European markets




05/01/2016Havila Shipping announces the success of the debt workout with banks
the agreement - it has emphasized the company - will allow, in spite of the current crisis, to maintain liquidity sufficient in order to operate until 2018




04/01/2016the BIMCO preannounces "another challenging year" for the marine transport
For the segment of the container a prosecuzione of the difficulties is attended, that they will be only mitigated if the operators will strive in order to limit the offer




04/01/2016Royal Boskalis Westminster will buy the activities of dredging of the Strabag
transazioneavrà a value of 70 million euros




04/01/2016Shipping agents, shippers and doganalisti of form an alliance
Spezia Port Service will assume the role of unified representation of the categories




04/01/2016Hyundai Heavy Industries towards a radical transformation
The president and managing director of the South Korean navalmeccanica company have emphasized that it is necessary in order to tackle to the mutant conditions of the market
FROM THE HOME PAGE
Shipowners call for suspending the application of the EU ETS to the maritime sector.
Brussels
Messina speaks of the ideological shortsightedness of a part of the Commission that relies on partial and imprecise market monitoring
Federlogistica expresses concern over the proposed Genoese tax on maritime passengers.
Genoa
Concerns for the overall balance of the national port ecosystem and for the operational choices of shipowners
SEA Europe disappointed by the failure to recognize the maritime manufacturing industry as a strategic sector for the EU
Port of Palermo: Administrative violations amounting to one million euros related to boating and concessions
Palermo
Over 265 vessels used for rental purposes without mandatory insurance were identified.
EU transport ministers approve incentives for trucks by amending the directive on dimensions and weights.
EU transport ministers approve incentives for trucks by amending the directive on dimensions and weights.
Brussels
Road haulage - CER, ERFA, RFF, UIP, UIRR and UNIFE denounce - can expect economic gains, but the company will have to wait for a reduction in the environmental impact of logistics.
First LNG refueling of a ferry in the port of Genoa
Genoa
500 cubic meters of bioLNG delivered to the new vessel "GNV Virgo"
ONE appoints new agency in Albania
London
Centralog Albania is based in Durres and will be fully operational by the end of the month
Genoa-based shipping broker Lockton PL Ferrari expands its operations into other sectors.
Genoa
New segments Natural Resources, Oil & Gas and Construction & Real Estate
Giampieri (Assoporti): Italy's widespread port system requires a single, stable control room.
Rome
The port reform - he stated - can be a great opportunity for all of us
Lufthansa Cargo and Swiss WorldCargo have signed a strategic cooperation agreement.
Frankfurt/Zurich
Synergies are expected in both the commercial and operational fields
Agreement to end EU dependence on Russian energy
Brussels
The Council-Parliament agreement provides for a gradual but definitive elimination of Russian gas imports by the end of 2027.
Assiterminal confirms its appeal to the Regional Administrative Court (TAR) regarding the indexation of concession fees.
Genoa
108 member companies reached
The ITF urges the Dutch Court of Appeal to correct its preliminary findings on maritime work.
London
Port of Piombino, the regasification terminal has created both opportunities and obstacles
Livorno
Gariglio: It is necessary to know if and for how long the "Italis LNG" will remain in port.
Fincantieri signs a memorandum of understanding on its production model and procurement.
Rome/Trieste
A step forward - underline Fim, Fiom and Uilm - for the regulation and control of the supply chain system
The Port Authority of Genoa and Savona opposes the introduction of a three-euro municipal surcharge on ferry and cruise boarding fees.
Genoa
Cargo traffic in Chinese seaports grew by 3.8% last October.
Cargo traffic in Chinese seaports grew by 3.8% last October.
Beijing
International volumes increased by 8.9%. Container traffic amounted to 26.4 million TEUs (+8.0%).
The composition of the International Maritime Organization's council has been renewed.
London
Rixi: Italy was once again the most voted nation
Quarterly decline in general cargo traffic at the ports of Genoa and Savona-Vado
Genoa
During the July-September period, solid bulk cargoes also decreased. Liquid cargoes increased.
The large port of Syracuse will be equipped with a new maritime station
Assologistica applauds the approval of the new rules on pallet exchanges.
Milan
Potential savings of at least 70 million euros are estimated
Giuseppe Grimaldi confirmed as Secretary General of the Central Tyrrhenian Port Authority
Naples
Unanimous resolution of the Management Committee
Hiab acquires Brazilian loading crane supplier ING Cranes.
Helsinki
The company has 250 employees and a turnover of approximately 50 million euros.
Norwegian MPC Container Ships' revenues fell by 5.0% in the third quarter.
Oslo
Net profit was $53.6 million (-15.8%)
The Algerian port of Skikda will be equipped with a new 600,000 TEU container terminal
Algiers
It will be built as part of the oil port expansion project
Port of Rotterdam plans offshore wind terminal
Rotterdam
A public consultation has been launched
ZIM is evaluating several proposals for the purchase of the company
Haifa
Receipt of the offer submitted by Glickman and Ungar confirmed
Hapag-Lloyd and Maersk have not set a date for the return of their ships via Suez
Copenhagen/Hamburg
Maersk announces the return of its ships through the Suez Canal starting next month
Ismailia
In October, transits remained unchanged. A 16% increase is expected in November.
After 2035, Russian cargo traffic on the Arctic route could decrease
Diana Shipping offers to acquire all of Genco Shipping & Trading Ltd.
Athens/New York
Planned investment of $758 million for the remaining 85.2% of the capital
At the IMO assembly, Rixi acts as a lobbyist for the party opposed to the European Union ETS system.
London
The election of the new council of the International Maritime Organization is on Friday.
Macquarie Asset Management submits an offer to acquire Australian logistics group Qube Holdings
Sydney
Proposal worth $7.5 billion
HMM orders eight 13,400 TEU containerships from HD Hyundai Group
Seoul
Six will be built by HD Hyundai Samho and two by HD Hyundai Heavy Industries
Companies inform
Accelleron calls for cross-sector action to unlock carbon-neutral fuels for shipping
G20 economies' merchandise trade growth in the July-September quarter
Paris
Exports and imports of services are also increasing
Freewheels: New rules on payment times leave hauliers without protection.
Modena
They do not address - explains Franchini - the heart of the problem: the disproportion of bargaining power between clients and small carriers.
The Trump administration unveils a plan for the massive exploitation of offshore oil and gas fields.
Washington
The program covers areas of the outer continental shelf amounting to approximately 514 million hectares.
In the July-September quarter, ZIM's revenues decreased by -35.7%
In the July-September quarter, ZIM's revenues decreased by -35.7%
Haifa
Fleet volumes fell by 4.5%. Performance in the Asia-Europe market was very negative.
Fincantieri granted additional areas in the port of Ancona
Ancona
The company is committed to implementing a modernization and development program for the shipyard at the port of Portorož.
Assogasliquidi-Federchimica, LNG and bioGNL are strategic for the energy transition of shipping and road haulage.
Legora (Uniport): the objective of greater national coordination envisaged by the port reform is positive, but there is concern over the lack of dialogue
Legora (Uniport): the objective of greater national coordination envisaged by the port reform is positive, but there is concern over the lack of dialogue
Rome
He underlined that discussion, vision and urgent interventions are needed for the competitiveness of Italian ports.
New measures in Switzerland to promote the shift of freight from road to rail
Bern
They will be introduced to strengthen the new transalpine railway Alptransit and to encourage rail and intermodal transport
HMM and BGN joint venture for liquefied petroleum gas transportation
Seoul
The new company will charter two new 88,000 cubic meter VLGCs
Slight decline in freight traffic in the ports of Barcelona and Valencia in October
Barcelona/Valencia
Container cargo fell by -2.5% at both ports
Green light for a new site for sediments from excavations in the Venice Lagoon.
Venice
New expansion in sight for the Greek shipyard in Eleusis
Athens
Financial support from the US International Development Finance Corporation
In the third quarter, freight traffic in the port of Hamburg grew by +3%
Hamburg
Container traffic on the rise thanks to increased transhipments
In the July-September quarter, CMA CGM's revenues decreased by -11.3%
Marseille
Record volumes of goods transported by the container fleet
The EU will abolish customs duty exemptions for goods worth less than €150.
Brussels
A temporary solution is being studied to make the measure effective as early as 2026.
BIMCO: Legal disputes threaten to hinder progress in ship recycling industry
London
Over the next decade, 16,000 ocean-going vessels will have to be scrapped, more than double the number of ships scrapped in the decade just ending.
Significant resources for the expansion of the port of Bremerhaven, also for military purposes
Bremen
Approved financing of approximately 1.35 billion euros
In the July-September quarter, freight traffic in the port of Koper decreased by -4.9%
Ljubljana
Container growth
HMM reports a 23.8% decline in quarterly revenues
HMM reports a 23.8% decline in quarterly revenues
Seoul
In the period July-September the fleet of the South Korean company transported over one million TEUs (+3.7%)
Hapag-Lloyd's revenues fell by 11.3% in the third quarter.
Hapag-Lloyd's revenues fell by 11.3% in the third quarter.
Hamburg
The fleet transported more than 3.4 million containers (+6.1%). During the period, traffic handled by HHLA port terminals grew by +4.5%.
Salvini signs the nomination of eight more presidents of Port System Authorities
Rome
The Chamber of Deputies approved Consalvo's appointment as president of the Eastern Adriatic Port Authority.
Evergreen orders 14 14,000 TEU dual-fuel containerships
Taipei
Series of orders also for eight ship-to-shore cranes and other port equipment and for 90,500 containers
In the third quarter, the value of new orders acquired by Fincantieri grew by +44%
Trieste
MSC Cruises orders two more World-class ships from Chantiers de l'Atlantique
MSC Cruises orders two more World-class ships from Chantiers de l'Atlantique
Geneva
The contract is worth €3.5 billion. Delivery will take place in 2030 and 2031.
Evergreen, Yang Ming and WHL reported negative quarterly financial performances.
Taipei/Keelung
In the period July-September, revenues fell by -36.6%, -42.2% and -35.7% respectively.
In the July-September quarter, cargo traffic in Croatian ports decreased by -4.4%
Zagreb
Passengers on scheduled services decreased by 1.5%. Cruise passengers increased by 7.8%.
In the third quarter, Eurogate and Contship Italia port terminals handled 3.6 million TEUs (+15.6%)
In the third quarter, Eurogate and Contship Italia port terminals handled 3.6 million TEUs (+15.6%)
Hamburg
Historic traffic record in Wilhelmshaven
In the first nine months of 2025, goods in the port of La Spezia increased by +4.5%
La Spezia
Growth of +6.9% at the port of Marina di Carrara
Finnlines' revenues grew by 3.2% in the July-September period
Helsinki
Record passenger numbers onboard the fleet's ships. Cargo volumes decline.
Houthi militias announce cessation of attacks on ships in the Red Sea
Riyadh
Letter from the Chief of Staff to the Hamas Qassam Brigades
In the third quarter, traffic in the port of Venice decreased by -2.2%
Venice
Miscellaneous cargo is increasing. Bulk cargo is decreasing.
Fincantieri to build ultra-luxury cruise ship for Regent Seven Seas Cruises
Trieste
Order from NCLH worth between 500 million and 1 billion euros
Today Washington and Beijing suspended their mutual measures against ships
Beijing/Washington
Application of additional taxes postponed by one year
The Suez Canal was crossed by the largest container ship in the last two years
Ismailia
The transit of the "CMA CGM Benjamin Franklin" on Saturday
EU shipping emissions hit record levels, T&E reports
Brussels
The association reiterates its proposal to extend the ETS to smaller vessels
In September, freight traffic in the port of Ravenna increased by +18.3%
Ravenna
In the third quarter of 2025, growth was +10.6%. A +58% increase in cruises is expected in 2026.
In the first nine months of 2025, freight traffic in the ports of the Southern Adriatic system decreased by -7%
Sea-Intelligence: Marked deterioration in the westbound transatlantic shipping market
Singapore
Last year, 13 seafarers died in accidents involving EU vessels.
Luxembourg
Nine deaths occurred on board fishing vessels
The European Parliament and the Council have reached an agreement on the calculation of greenhouse gas emissions from transport.
Brussels
Incentives are foreseen for small and medium-sized enterprises
The English port of Shoreham has won the ESPO Award for Social Integration of Ports.
Brussels/Rome
Assoporti received a special mention for its project on gender inequalities.
In the third quarter, the Ocean division of the Maersk group recorded a decrease in revenues of -17.4%.
In the third quarter, the Ocean division of the Maersk group recorded a decrease in revenues of -17.4%.
Copenhagen
Container ship volumes increased by 7.0%. The Danish company highlights the benefits of the VSA Gemini Cooperation.
The Chamber of Deputies has approved the final text of the proposed law on interports
Rome
Applause from the United Interports Union
ECSA and T&E welcome the STIP plan presented by the European Commission
Brussels
CER applauds measures to accelerate the development of high-speed rail
Only one proposal admitted to the competition for the construction of mooring points outside the protected waters of the Venice lagoon
Venice
It will now have to be developed by the proposing entity
The European Commission presents the plan to ensure the sustainability of maritime and air transport by guaranteeing the production of the necessary alternative fuels
Brussels
The one to accelerate the development of high-speed rail is also ready
In the third quarter, naval traffic in the Suez Canal grew by +2.5%
In the third quarter, naval traffic in the Suez Canal grew by +2.5%
Cairo/Ismailia
10.6% increase in transits in September
The first freight train opens the new Austrian Koralm railway line.
Villach
The infrastructure is part of the European Baltic-Adriatic Corridor
Lineas and FS Logistix have inaugurated the Modalink terminal joint venture.
Antwerp
Five weekly train rotations between Antwerp and Milan
Marcel Theis will be the new CEO of SBB Cargo International from January 1st.
Olten
He will take over from Sven Flore
In October, freight traffic in the port of Ravenna grew by +13.4%
Ravenna
A rise of +14.5% is expected in November
The conflict over the Genoa Municipality's additional tax on port boarding fees is escalating.
Genoa
Assarmatori, Assagenti, CLIA, Confindustria Genova and Confitarma will not participate in the technical meeting announced by the mayor.
Bulgaria, Greece, and Romania reach agreement on enhanced cooperation within the Black Sea-Aegean Corridor
Brussels
Acceleration of implementation of transport axis projects expected
The Port of Barcelona plans to halve its CO2 emissions by 2030
Barcelona
Private investments of 920 million euros and public investments of 780 million are expected.
Fincantieri reaches agreement with Bahraini ASRY to collaborate in the shipbuilding sector
Trieste
They will evaluate opportunities for the construction of naval vessels and offshore units
Salis: The municipal surcharge on boarding fees will not lead to any reduction in traffic.
Genoa
The mayor of Genoa recalls that similar measures have already been activated in other port cities
In the first year of operation, 750,000 tons of goods passed through the Parma Interporto railway terminal
Parma
Over 800 trains moved
The five ships put up for sale by Moby were sold for €229.9 million.
Vicenza
A bid equal to the starting price was submitted
PSA Italy expects to close 2025 with further growth in container traffic
Genoa
Brussels approves African joint venture between MSC and NYK
Brussels
European Commission clears Yusen Logistics' acquisition of Movianto International
Port of Genoa fines luxury cruise megayacht Vidantaworld's Elegant
Genoa
Serious violations of European ship recycling legislation found
Consalvo appointed president of the Eastern Adriatic Sea Port Authority
Trieste
He is the general manager of Aeroporto Friuli Venezia Giulia Spa
Promoting sustainable development and the energy transition process of the Port of Taranto
Taranto
This is provided for in an agreement between the AdSP of the Ionian Sea and GSE
The Northern Tyrrhenian Port Authority (APSP) will be in Oran to present its Mediterranean Green Corridors development project.
Livorno
Among the objectives, the consolidation of relations with Algeria
The tender for the railway shunting service in the ports of Savona and Vado Ligure has been published.
Genoa
The concession duration is set at 60 months
In 2024, passenger traffic in European Union ports increased by +6.2%
Luxembourg
The three ports with the highest traffic volume are Italian
GSL invests $90 million to buy three 8,600 TEU containerships built in 2010 and 2011
Athens
Youroukos: They are the cash cows of the future
RCG launches intermodal link between Bosnia and Herzegovina and the port of Koper
Vienna
The train service to Tuzla is weekly.
The Ministry of the Interior announces an inter-ministerial meeting for the early exodus of port workers.
Rome
The goal is to identify a definitive solution within a certain timeframe.
Christening and delivery of a new PCTC of the Grimaldi Group
Naples
The "Greater Istanbul" has a cargo capacity of 9,241 CEUs
GNV strengthens its ferry service on the Naples-Palermo route.
Genoa
By December 19, the capacity on the line will increase to over 6,000 linear meters
The Marseille-Fos Port Authority will invest €1-1.3 billion by 2029.
Marseille
Agreement with MSC for the expansion of the Fos 2XL container terminal
Port workers are holding a demonstration in Rome today to demand the establishment of a Fund to support the exodus.
Rome/Genoa
The general assembly of the Sustainable Intermodal Logistics Association will be held tomorrow in Rome.
Rome
The meeting at the Auditorium Parco della Musica
Cisl and Fit Cisl Savona, for Vado Gateway 2025 has proved to be a substantially positive year
Savona
Seeking opportunities with the reopening of the Suez Canal and the recovery of some markets
In the first nine months of 2025, freight traffic in the port of Tanger Med grew by +14.9%
Anjra
118 million tons of cargo moved
Assarmatori welcomes the new regulations, which are very important for shipping companies and maritime workers.
Rome
Zanetti (Confitarma): The Simplification Decree offers more modern tools to our businesses.
Rome
Listen - he underlined - to the needs of our industry
Spediporto's conference "Take opportunities navigating trade tensions" will be held in Genoa on December 1st and 2nd.
Genoa
It will be held at the Conference Hall of Banca Bper
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
National Maritime Fund: The House of Representatives approved the legislation.
Genoa
D'Amato: Measures expected for our seafarers and the competitiveness of the national fleet
Potassium permanganate seized at the Port of Genoa as part of the fight against drug trafficking.
Genoa
Operation by the Customs and Monopolies Agency and the Financial Police
Fincantieri cancels orders for four U.S. Navy frigates
Trieste
Further orders are expected for the construction of new classes of naval units
The Northern Tyrrhenian Port Authority met with the port cluster to discuss the new sustainability report.
Livorno
The Italian Merchant Marine Academy celebrates its first 20 years
Genoa
During this period, 3,660 students from all over Italy graduated.
Crédit Agricole Italia financed the construction of the Grande Tianjin ship for Grimaldi Euromed.
Naples/Parma
Hapag-Lloyd expects next 45% increase in EU ETS surcharge
Hamburg
The Emissions Trading System will enter into full force on January 1st.
European Commissioner Tzitzikostas visited the Monfalcone shipyard
Trieste
Upcoming measures announced to strengthen the sector's competitiveness, resilience, innovation, and technological leadership.
The trial against Damen for alleged corruption and sanctions violations begins today
Amsterdam
The company expresses disappointment with the protracted investigation and anticipates a lengthy legal battle.
AD Ports Group has acquired a 19.3% stake in Egypt's Alexandria Container & Cargo Handling Co.
Cairo/Abu Dhabi
Saudi Egyptian Investment Company's share purchased
Corsica Sardinia Ferries has purchased the Stena Vision ferry
Vado Ligure
It will be renamed "Mega Serena"
In 2024, the turnover of the main Italian port container terminals grew by +8.1%
Milan
Traffic increased by +3.4%
Work has begun to increase container traffic capacity at the port of Thessaloniki by 40%.
Thessaloniki
The expansion of Pier 6 will be completed in 40 months
A precautionary seizure of over €100 million has been ordered against Liberty Lines.
Trapani
BLS Cargo urges Switzerland to exert tangible pressure on German rail infrastructure stakeholders.
Bern
The company denounces the dire situation of transalpine rail freight transport. Further incentives requested.
Livorno is confident in the additional one hundred million euros promised by Salvini to build the Darsena Europa.
Livorno
Salvetti: I asked how we intend to proceed with the future assignment to private individuals who have expressed interest.
The Chinese embassy in Greece responds to alleged American ambitions in the port of Piraeus.
Athens
Beijing speaks of a Cold War mentality and a hegemonic logic
The procedure for requesting access to the third year of the Sea Modal Shift grant has been activated.
Rome
Applications must be submitted by December 17th
US cruise group Viking reports strong quarterly performance growth
Los Angeles
The July-September period closed with a net profit of 514.0 million dollars (+35.4%)
Guido Pietro Bertolone is the new president of Fedit
Rome
He takes over from Giuseppe Cela, outgoing president and currently head of Fedit Servizi
Latrofa (AdSP Lazio): the ZLS will make our ports even more attractive for investors, logistics operators, and businesses.
Civitavecchia
The tool - he highlighted - can lead to a qualitative leap in terms of logistical and industrial competitiveness
Container traffic continued to decline at the ports of Los Angeles and Long Beach in October
Los Angeles/Long Beach
Cordero: Consumers will likely see price escalation in the coming months
Pasquale Legora de Feo has been confirmed as president of Uniport
Rome
New Technical Commission for "Cruises and Passengers" established
The expansion of the Suez Canal Container Terminal was inaugurated on Sunday.
Port Said
Capacity increase of 2.2 million TEUs per year
Katoen Natie to acquire 80% of French firm Bils-Deroo Solutions
Luxembourg
The logistics company has nearly 1,500 employees
Danaos Corporation closed the third quarter with a net profit of $130.6 million (+6.2%)
Athens
Revenues up 1.8%
In the first nine months of 2025, Circle's production value increased by +80%
Milan
As of September 30, the value of the group's multi-year backlog had grown by +66%.
APM Terminals to build and operate Laldia Container Terminal at Chittagong Port
Dhaka/The Hague
30-year concession contract signed
MPCC orders four new 4,500 TEU containerships from China
Oslo
The contract unit price is $58 million.
In October, the port of Singapore handled 31.2 million tonnes of containerized cargo (+1.0%).
Singapore/Hong Kong
In the port of Hong Kong, traffic amounted to 1.1 million TEUs (-6.9%)
DHL Group revenues decreased by 2.3% in the third quarter
Bonn
Net profit was 888 million euros (+9.5%)
Fincantieri and KAYO sign agreement for the construction and maintenance of military vessels in Albania.
Trieste
CMA Terminals (CMA CGM Group) to acquire 20% of Container Terminal Hamburg
Marseille/Hamburg
Agreement with the German Eurogate
The Municipality of Civitavecchia denounces that the Fiumicino cruise port project undermines the foundations of the law on ports
Rome/Civitavecchia/London
The project - Cruise Terminals International underlines - will be a pillar of the sustainable development of Fiumicino
Over 175 kilos of cocaine seized at the port of Gioia Tauro.
Reggio Calabria/Cagliari
Over 8,500 counterfeit items intercepted at Cagliari's Porto Canale
Global Ship Lease reports record quarterly revenue again
Athens
Youroukos emphasizes the solidity and excellent prospects of the small and medium-sized containership market
In the third quarter, Montenegro's ports handled 675 thousand tons of goods (+4.1%)
Podgorica
80.0% growth in cargoes to Italy
Svitzer acquires 66.6% of Norwegian towing company Buksér og Berging
Copenhagen
It has a fleet of approximately 35 tugboats and 25 pilot boats
The keel-laying ceremony for the new oceanographic vessel Arcadia took place in Piombino.
Piombino
Construction entrusted to T. Mariotti
The Management Committee of the Central Adriatic Port Authority has approved the 2026 budget forecast.
Ancona
An administrative surplus of 32.2 million is expected
Cruise passenger traffic at GPH terminals stable in the summer quarter
Istanbul
1,503 stopovers were recorded (+9.6%) for a total of 4.66 million passengers (+0.8%)
The UNIPORT public meeting will be held in Rome on November 19th.
Rome
Among the topics at the centre of the meeting was the port system reform project.
Ocean Network Express establishes its own shipping agency in Greece
Singapore
It will take over the activities of the ENA Shipping Agency
Regional Container Lines orders two new 14,000 TEU containerships from KSOE
Bangkok/Seongnam
MSC includes calls at Bremerhaven, Limassol and Beirut in the Levante Express service
Geneva
The line connects Northern Europe with the Mediterranean
AD Ports to acquire 20% stake in Latakia International Container Terminal
Abu Dhabi
Agreement with the CMA CGM shipping group
The Eastern Liguria Port Authority approves the 2026 budget and three-year plan.
La Spezia
The decree has been signed to begin construction on the new high-voltage electricity grid in the port of La Spezia.
A new SDC Customs Service Containers warehouse has opened in Porto Marghera.
Venice
It will be used for the storage and movement of goods at room temperature
Moby is selling five ferries at a starting price of €229.9 million.
Vicenza
Sale and lease-back agreement expected for two of the vessels
d'Amico International Shipping's quarterly financial results decline
Luxembourg
Mottola Crossbow: The fundamentals of the tanker industry remain solid.
ICTSI posts record quarterly financial and operating performance
Manila
In the period July-September, container traffic in the group's terminals grew by +12.3%
Denmark's DFDS to cut 400 jobs
Copenhagen
The group is looking for a new CEO. Record revenues were recorded in the July-September quarter.
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
Spediporto's conference "Take opportunities navigating trade tensions" will be held in Genoa on December 1st and 2nd.
Genoa
It will be held at the Conference Hall of Banca Bper
The National Maritime Fund has organised a meeting with the ITS Mare and the maritime training centres
Rome
It will be held on December 3rd in Rome
››› Meetings File
PRESS REVIEW
Three UAE Firms Eye Investment In Kenya's Port, Renewable Energy, And Shipping Projects
(Capital FM Kenya)
Foreign firms to operate 3 terminals under Ctg Port for up to 30 years; deals by December
(The Business Standard)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
CEVA Logistics has completed the acquisition of Turkey's Borusan Logistics.
Marseille
Operation worth 383 million dollars
1,100 cars from the Chinese car manufacturer Dongfeng were unloaded in the port of Livorno
Livorno
Traffic is managed through the "Il Faldo" logistics area operated by XCA
Assiterminal, the MIT note clarifies that the 90-minute grace period applies only to waiting times
Rome/Genoa
Ferrari: The Conference of Port Authority Presidents could consider a sort of national program agreement.
Harren assigns a single brand to its heavy lift companies
Bremen
The fleet of 80 vessels will be operated under the single SAL brand.
Wallenius Wilhelmsen's revenues fell by 2% in the third quarter.
Lysaker
Net profit was $280 million (+8%)
ESPO has presented its new annual environmental report
Brussels
Climate change remains the top priority for European ports to address
Over €60 million from the PNRR for the ports of Naples and Salerno
Rome
Rixi: Let's make more effective use of European resources and accelerate the implementation of strategic projects.
Agreement between Escola Europea and DLTM to promote international mobility and maritime training
La Spezia
Synergies between the Ligurian maritime cluster and the port and training community of Barcelona
CMA CGM to register ten new 24,212 TEU containerships in the French International Register
Marseille/Copenhagen
The company will take delivery of them starting from 2026
UPS has completed its acquisition of Canada's Andlauer Healthcare Group.
Atlanta/Toronto
Operation worth 1.6 billion dollars
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