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07 December 2025 - Year XXIX
Independent journal on economy and transport policy
19:33 GMT+1
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News File
February 2023




28/02/2023Confitarma calls for the support of the CNEL aimed at simplifying the measures for armaments
Meeting on the process of implementation of the PNRR and the energy transition




28/02/2023Finnlines records record annual results
Last year, revenues increased by 27.0% percent




28/02/2023FerMerci is proposing a pact to relaunch rail logistics between industry players and industry
The association highlights the need for the access of the merchandise to the train in all ways




28/02/2023In the fourth quarter of 2022, the revenues of the NCLH cruise group were higher than the pre-pandemic level
Expected a positive 2023, with an occupancy rate of 103.5%




28/02/2023On March 15 in Rome, the public assembly of Federagents will be held
The theme is "The Sea that will come"




28/02/2023In Ancona, environmental associations and public committees are urging the return of the historic port to the city
Asked for the transfer of commercial maritime traffic and reiterated the no to the new cruise terminal at Molo Clementino




28/02/2023Regional Container Lines stores 2022 with record-breaking annual financial performance
The results were expected to decline in the last quarter




27/02/2023In January the port of Algeciras handled 266,869 containers (-9.4%)
The overall traffic in goods decreased by -4.5% percent




27/02/2023Opa of Piraeus Bank to acquire the entire capital of the Attica shipowner group
Offering the value of up to 82.5 million euros




27/02/2023Hapag-Lloyd-Shell agreement for the supply of LNG to 12 new 23,500-teu container carriers
They will also collaborate to speed up the further decarbonization of alternative naval fuels




27/02/2023Frittelli Maritime Group celebrated its 120-year-old
Presented the new logistics facility "FMG Village" that will also host the new offices, a restaurant, a gym and a space dedicated to exhibitions




27/02/2023Port of Spezia, project to make railway maneuvering operations more and more efficient
It takes advantage of the activities carried out as part of the two European projects FENIX and I RAIL




27/02/2023Study on professional needs in the ports of the Northern Tirreno North
Elaborated by Bocconi University, it will be presented on Wednesday in Livorno




27/02/2023Baleària closes 2022 with record operating results and financial results
Revenue increased by 42% percent




24/02/2023New plan of collection and management of waste produced by ships in the port of Spezia
By May the race for the reliance of the five-year service




24/02/2023Tender for the completion of the commercial docks of the Milazzo port to the underdog pier
It works worth 26.2 million euros and the duration of 24 months




24/02/2023On 10 and May 11 in Rome, the first "Forum Fuels Mobility" will take place
Comparison of new technologies available and possible integrations of all energy carriers, in the light of the new European environmental objectives




24/02/2023Last year the GEODIS logistics group achieved record revenues
Positive the performance of all the main business segments




23/02/2023In the last quarter of 2022 traffic in the port of Rotterdam decreased by -1.9% percent
In the whole year, a decline of -0.3% percent was recorded




23/02/2023Federlogistics warns of not designing a bridge over the Strait of Messina too low, which would prevent the transit of ships
Merlo : You cannot afford the luxury of erecting barriers on the most important routes of maritime traffic




23/02/2023Fiom Cgil, we expect that the next PRP in Genoa will confirm the exclusively shipbuilding industry vocation of the entire area of naval repairs
What's left of the fresco for the genovese waterfront of architect Renzo Piano




23/02/2023In 2022 the traffic of goods in the port of Civitavecchia has largely exceeded the pre-pandemic level
During the year, the growth trend faded and ended with a negative fourth quarter




23/02/2023In 2022 the traffic of the goods in the ports of Montenegro has marked a strong growth of +57.6%
The decrease (-30.4%) of loads to and from Italy was accentuated




23/02/2023In the fourth quarter of 2022, G20 trade in goods and services declined
The cyclical variation of exports was -3.5% and imports of -3.1%




23/02/2023In the port of Genoa, a Cypriot ship has been placed under administrative detention
It is part of the fleet of the Italian Nuova Co.Ed.Mar




22/02/2023Grimaldi rejects Moby-CIN's threat of damages, calling it "yet another extravagance."
The Neapolitan group denounces "threatening methods against a creditor"




22/02/2023GeneSYS (Fratelli Cosulich) bought the Genoese IT company Argenton & Soci
It is mainly active in the maritime and satellite telecommunications fields




22/02/2023Cooperation agreement between Fincantieri and Abu Dhabi Ship Building
They will collaborate in the design, construction and management of the fleet for military and commercial ships




22/02/2023In 2022, the decline in the size of the Greek maritime fleet continued
Flexion of units for the transport of dry and liquid goods. Increase in passenger ships




22/02/2023Yilport takes over the management of the Croatian port of Sibenik
Planned investments of 50 million euros to make the airport suitable for handling all types of loads




22/02/2023Transportunited, road transport is close to confrontation with the government
The association speaks of a probably irreconcilable fracture in the relationship of trust with the executive




22/02/2023IBS Software buys Accenture's air and sea cargo computing platform
A dedicated development centre will be opened in Chennai




22/02/2023Marked drop in traffic in the ports of Valencia and Barcelona in January
The container has been pairs respective to 338.855 teu (- 24.0%) and 265.125 teu (- 9.8%)




22/02/2023In 2022, half of the maritime accidents occurred within ports
Of the 2,400 accidents - specified RightShip - 813 occurred at the time of docking




21/02/2023Germany's BGL is calling on the EU Commission to take legal action against Tyrolean anti-transit measures
Ferber (CSU): It cannot be that one of the main traffic routes between the north and south of Europe becomes a bottleneck




21/02/2023The second negotiated procedure for the maritime connection with Asinara is also deserted
Moro: this serious situation is added to that already communicated for connections to and from the smaller islands of San Pietro and La Maddalena




21/02/2023In the second semester of the 2022 traffic of the goods in the port of Livorno is dropped of -6,2%
In the whole year the Tuscan ports have enlivened 39,1 million tons of cargos (- 5.3%)




21/02/2023The AdSP of the southern Tyrrhenian and Ionian seas installments the maritime state property fees
This year the Ministry of Infrastructure and Transport has applied an adjustment of +25.15%




21/02/2023New plant in the port of La Spezia for the distribution of gas to trucks
It will be located in Stagnoni




21/02/2023The current management will continue to lead Trieste Marine Terminal
The investments planned for the strengthening of Pier VII have been confirmed




21/02/2023ZeroNorth has bought the BTS software house specialized in solutions to optimize bunkering
Juhls: Empowering our customers to make better decisions about procurement, storage and sale of fuels is becoming a key priority




20/02/2023Ok antitrust to the acquisition by MSC of control of Trieste Marine Terminal and Mediterranean Tugboats
For the AGCM, the two operations do not significantly impede the competition nor determine the constitution or the strengthening of a dominant position




20/02/2023Agostinelli is the new president of the Propeller Club of La Spezia - Marina di Carrara
Giorgio Bucchioni acclaimed past president of the association




20/02/2023Exhortation to the UN to work to allow 331 seafarers to leave the waters of the Black Sea and the Sea of Azov
Letter to Guterres sent by 32 international associations in the maritime sector




20/02/2023Konecranes sells the industrial equipment segment of MHE-Demag to Jebsen & Jessen
The transaction will be completed in April




20/02/2023In the last trimester of the 2022 traffic in the port of Hamburg is diminished of the -14,6%
In the whole year they are enlivened 119,9 million tons of goods (- 6.8%)




20/02/2023PSA Italy has ordered eight eco reach stackers from Kalmar for the Genoa container terminals
They will be taken over in the second quarter of this year




20/02/2023T. Mariotti and Drass will provide underwater assets for the new SDO-SuRS of the Italian Navy
The unit will be built to support special operations, underwater operations and rescue of damaged submarines




20/02/2023Fire on the car carrier Grande California
The flames were extinguished by the crew with the fire-fighting systems on board




20/02/2023Maersk has sold two logistics sites in Russia
The St. Petersburg and Novorossiysk sites were bought by Cypriot IG Finance Development Ltd




20/02/2023Port of Ravenna, Itelyum will acquire control of Secomar and Ambiente Mare
Petrokan will retain a shareholding




17/02/2023On February 24 in Rome will be held the States General of the Chambers of Commerce on the Economy of the Sea
Meeting at the headquarters of Unioncamere




17/02/2023Last year Captrain Italia recorded a record turnover
The value of revenues reached approximately 120 million euros




17/02/2023FEPORT, EU rules must make it clear that port authorities are responsible for installing cold ironing
The federation of terminal operators has highlighted the need for the supply of OPS to correspond to demand




17/02/2023Last year the traffic of the container in the harbour terminals of HHLA is dropped of the -7,9%
Revenues up +7.7%




17/02/2023More than three million funds to the Interporto of Central Tuscany
They will be used to equip the pole with parking for trucks, services and new technologies




17/02/2023Lidl's new Tailwind Shipping Lines operates a second Asia-Europe service
It will connect Bangladesh with the ports of Limassol, Barcelona and Moerdijk




17/02/2023Last month the traffic of the container in the port of Los Angeles is diminished of the -16,1%
Negative trend in place since August




17/02/2023Marco Conforti from Genoa is the new president of PSA Italy
The Board of Directors expressed affection and deep esteem towards the outgoing Chairman Gilberto Danesi




16/02/2023The Office of the UN High Commissioner for Human Rights has urged the Italian government to withdraw the bill on rescues at sea
Türk: It would actually punish both migrants and those who try to help them




16/02/2023Moby and CIN threaten to demand damages of 480 million euros to Grimaldi
A cease and desist letter has been sent to Grimaldi Euromed




16/02/2023The world's leading container shipping carriers are committed to digitizing all bills of lading by 2030
In the next five years it will reach 50%




16/02/2023Test on the use of drones in the port of La Spezia
The use for both safety and efficiency of transport




16/02/2023In 2022 the traffic of the container in the Maltese port of Marsaxlokk is diminished of the -3%
The expansion project of Terminal 2 is underway




16/02/2023Costa-Proman agreement for the use of methanol as fuel for the ships of the cruise company
The aim is to accelerate the energy transition and decarbonise the fleet




16/02/2023Kpler buys the maritime traffic platforms MarineTraffic and FleetMon
Cazor: We believe the time has come to bring together maritime and commodity intelligence on one platform




16/02/2023Argentina will build a cruise terminal in Tierra del Fuego
It will be built in the port of Ushuaia




16/02/2023The US has leapfrogged Russia to become the EU's largest seaborne trading partner
In the second trimester of the 2022 European ports have enlivened 61,0 million tons of goods to and from the United States (+21.1%)




15/02/2023Grimaldi expects 600 on-board staff to be hired
Launched a recruiting campaign




15/02/2023ECSA again calls for a non-penalising FuelEU Maritime for shipowners
For the association, the fuel supplier must compensate the company or commercial operator for the payment of penalties if the fuels have not been delivered in the manner agreed




15/02/2023UIRR, the prospects for European combined transport are not at all good
The association urges to accelerate the approval of the Greening Transport Package




15/02/2023DB Schenker - MSC agreement for the use of biofuel for maritime shipments
12 thousand tons of biofuels will be used for the transport of at least 30 thousand teu




15/02/2023Container charterer Danaos' revenues increased by 44.1% last year
The dismantling of the 2M will certainly be positive for non-operational shipowners, says Coustas, who highlights the delay of carriers in assessing the impact of decarbonization




15/02/2023Last year the traffic of the goods in the Swiss Rhine ports is dropped of -15%
The negative impact of the effects of the war in Ukraine is significant




15/02/2023Eimskip closed 2022 with record results
Turnover exceeded one billion euros for the first time




14/02/2023CMA CGM confirms negotiations to buy the ferry company La Méridionale
Planned investments in the fleet and in the energy transition




14/02/2023Czech Port Acquisitions will acquire 25.38% of Luka Rijeka
The stake will be sold by Poland's OT Logistics and UK's Rubicon Partners




14/02/2023New resources to reduce emissions in the port of Trieste
Eighteen million from PNRR to the Smart Grid project




14/02/2023Fratelli Cosulich buys a bulk carrier of 39,000 deadweight tons
It will be rented from Lauritzen Bulkers




14/02/2023In 2022 the port of Barcelona marked its new historical record of cargo traffic
Container handling is stable




14/02/2023Agreement to support shipping companies in the green transition process
The project involves Fedespedi Giovani and Green Transition Hub (LIUC University)




14/02/20232022 was perhaps a once-in-a-lifetime year for container charterers Triton and Textainer
Record financial performance. The size of the respective fleets remained almost unchanged




14/02/2023To January the traffic of the goods in the Russian ports is increased of +7.5%
The decline in imports continues almost uninterruptedly since the beginning of the war




14/02/2023HMM orders nine container ships from 9,000 teu to methanol
They will be built by the South Korean KSOE (seven ships) and HJSC (two)




13/02/2023Fincantieri and Leonardo strengthen cooperation with Greek defence industry
Signed a number of additional memoranda of understanding with potential new Greek suppliers




13/02/2023The Eastern Ligurian AdSP starts the regulation of Services of General Economic Interest
Summary: soon we will open the investigation on the road shuttle




13/02/2023Three new quay cranes have arrived in the port of Gioia Tauro
They were ordered last year by the terminalista MCT




13/02/2023Maersk sues Evergreen over the blockade of the Suez Canal
Danish media explain that the claim for compensation would be about 43 million dollars




13/02/2023RINA and ABB for the decarbonization of shipping
Signed a memorandum of understanding




13/02/2023HMM closes 2022 with record annual financial performance
In the fourth quarter there was a sharp decline in results, which are still the second highest ever for this period




13/02/2023Merger of the two ferry companies of the Japanese MOL
The new company will have a fleet of 17 ships




13/02/2023In 2022 the traffic of the goods in the Albanian ports is diminished of -20,6%
Passengers up +58.4%




13/02/2023To January the traffic of the container in the port of Long Beach is diminished of the -28,4%
Both full boxes at disembarkation (-32.3%) and full boxes at boarding (-14.2%) and empty boxes (-29.0%) decreased




13/02/2023In the last trimester of 2022 OOCL revenues decreased by -34.8%
Exception for those generated by transatlantic services that have marked a record value




13/02/2023Satisfaction of Confitarma for the ok of the Senate to the extension of the simplified regime of recruitment of seafarers
The Confederation regrets the risk of further dwindling of resources for the Marebonus




13/02/2023To talk about deaths at work MIT does not talk to those who represent them
Forgetfulness or deliberate choice? Read it and maybe you'll find out




10/02/2023Earthquake and fire did not cause structural damage to the Turkish port of Iskenderun
The extinguishing operations of the flames are still ongoing




10/02/2023Revenues from Taiwanese Evergreen and WHL fell sharply
In January recorded decreases of -53.8% and -70.8% respectively




10/02/2023Strike in all ports for the two victims in the ports of Trieste and Civitavecchia
It was organized by Filt Cgil, Fit Cisl and Uiltrasporti




10/02/2023A new tax fraud investigation involves logistics operators
Decree of preventive seizure against a consortium for a countervalue of over 21 million euros




10/02/2023Boluda Towage bought the towing company Smit Lamnalco
HAL Holding has the entire share capital of Boskalis




10/02/2023Assoporti asks for an urgent meeting at MIT to evaluate other security initiatives
Giampieri: the safety and health of workers is an asset on which we cannot compromise




10/02/2023The absence of cruises in the draft of the second delegated act of the EU Taxonomy Regulation is incongruent
Confitarma denounces it




10/02/2023Another port operator lost his life
New tragedy in the port of Civitavecchia. Assiterminal calls for a new confrontation with institutions and trade unions




10/02/2023Fatal accident in the port of Trieste
A worker died when the forklift he was driving fell into the water




10/02/2023In 2022, Korean exports by sea reached a record value
The Seoul government has adopted a $2.4 billion program to support shipping in the downturn




09/02/2023Grimaldi acquires a new terminal in the port of Amsterdam
It will also be used for imports of new vehicles and their distribution in Northern Europe




09/02/2023The Messina company has been awarded by the European Coffee Federation
Awarded the "Best Shipping Line of the Year 2021/2022" award




09/02/2023In 2022, cargo traffic in the port of Venice returned to pre-pandemic levels
In the single fourth trimester the volumes of cargos are diminished of -4.4%




09/02/2023DFDS records record annual results, with unprecedented performance in the Mediterranean
In 2022 on the Mediterranean routes the ships of the group have transported 5,6 million linear meters of rolling stock (+10.6%)




09/02/2023To January the revenues of Yang Ming are decreased of -64,3%
In the period September 2022 - January 2023 the reduction in turnover was -41.6%




09/02/2023TX Logistik increases trains between Germany and Italy
The frequency of weekly rotations between Rostock and Verona will increase from four to six




09/02/2023Costamare closes a record 2022
The company is considering investments in other areas of shipping




08/02/2023Agreement between the Italian Academy of Merchant Marine and the Eastern Ligurian AdSP
It provides for the study and analysis of the training needs of workers in the port terminals of La Spezia and Marina di Carrara




08/02/2023CMA CGM is about to acquire the shipping company La Méridionale
Negotiations in progress with the STEF group




08/02/2023In 2022 the goods in the port of Naples have grown of +6.3%, while to Salerno they are dropped of -15.8%
Resumption of cruise passengers and scheduled passengers




08/02/2023The port of Ravenna closed 2022 with new records for goods and cruises
Amazing the increase of cereals, in particular imports from Ukraine (664 thousand tons, +195.4%)




08/02/2023Pino Musolino has been elected president of MEDPorts
Jordi Torrent has been appointed secretary general of the association




08/02/2023In the Genoa shipyard of Fincantieri the ceremony of the coin of Explora II.
The new cruise ship will be delivered to Explora Journeys (MSC Group) in August 2024




08/02/2023Wallenius Wilhelmsen closes 2022 with record results
Revenues grew by +30%




08/02/2023In Lombardy the first territorial agreement for welfare in the logistics, freight transport and shipping sectors
It was signed by Filt-Cgil, Fit-Cisl, Uiltrasporti and Alsea




08/02/2023The positive components of income generated by "white certificates" can be subject to the tonnage tax
This was clarified by the Revenue Agency responding to a request from the Grimaldi group




08/02/2023Maersk reports record annual financial performance despite a negative fourth quarter
In 2022 the cargos transported by the ships are diminished of -8.9%




07/02/2023In the fourth quarter of 2022, Royal Caribbean's operating activity and revenues returned to pre-pandemic levels
Record turnover for this time of year




07/02/2023In 2021 in the EU the services of short sea shipping have transported 1,78 billion tons of goods (+6.0%)
In Italy the total has been of 314,5 million tons (+9.7%)




07/02/2023Last year the traffic of the container enlivened by HPH Trust is diminished of -7.3%
The decline in activity occurred in the second half of 2022




07/02/2023ST Engineering buys a ship repair yard of Keppel Offshore & Marine
It is located in the Tuas area of Singapore




07/02/2023Awarded the project financing proposal for pleasure boating in the port of Cagliari
The works will be carried out in three years




07/02/2023T&E denounces that Spain prevents an agreement at EU level on the decarbonization of shipping
Madrid would oppose the 2% sub-quota of RFNBO proposed by the European Parliament




07/02/2023CMA CGM and Barcelona Port Authority have been authorized to acquire Puerto Seco Azuqueca
Green light from the Spanish antitrust




06/02/2023The third tender for maritime connections with the smaller Sardinian islands is also deserted
The trade unions are calling for a review of the call for tenders, particularly from an economic point of view




06/02/2023Last year the traffic of the goods in the port of Taranto is diminished of -16,9%
The total is down by -19.6% also compared to the pre-pandemic year of 2019




06/02/2023The earthquake in Turkey damaged the port of Iskenderun
The Turkish bulk carrier "TQ Ordu" ran aground near Istanbul




06/02/2023Accidental accidents in further decline in the ports of Sardinia
Growth in the number of inspections on ships and docks and training activities for operators




06/02/2023In the port of Civitavecchia, an illegal traffic of waste bound for Africa was stopped
Three consignments of goods weighing a total of 32 tonnes were seized




06/02/2023Gruber Logistics opens two offices in Turkey
The goal is to increase traffic to and from Europe through the port of Trieste




06/02/2023T&E, London loses almost two billion pounds a year not including 90% of shipping in the UK ETS
Currently, the government plans to subject only ships of more than 5,000 GRT on international voyages to the ETS




06/02/2023In 2022 the harbour terminals of DP World have enlivened a traffic record of 79 million container (+1.4%)
In the fourth quarter alone, a decrease of -0.4% was recorded




06/02/2023Last year the traffic of the goods in the Spanish ports has grown of +3.5%
Reduction of transit containerized traffic. In the fourth quarter alone a decrease of -1.1% was recorded




03/02/2023Eight expressions of interest for the privatization of the Greek port of Volos
For sale 67% of the capital of the Port Authority




03/02/2023The agreement by which MSC would enter the capital of Boluda Towage would be concluded
The agreement would have a value of 1.5 billion euros




03/02/2023The logistics group DSV closes 2023 with record results
In the last quarter recorded the first decline in turnover after more than a decade. Andersen: The downward trend will continue in 2023




03/02/2023The luxury cruise ship Seven Seas Grandeur has been launched in the Ancona shipyard of Fincantieri
It will be delivered next November




03/02/2023DP World has won the tender to build a container terminal in the port of Deendayal (Kandla)
Joint venture Drydocks World - Aker Solutions to modernize FPSO units




02/02/2023Marfret increases the frequency of the direct Italy-Egypt scheduled service
A second ship entered




02/02/2023Awarded the tender for the construction of the new passenger terminal of the port of Bari
It will be completed in less than two years




02/02/2023In January, record value of ship transit rights in the Suez Canal
The Egyptian waterway was crossed by 2,155 ships (+21.5%)




02/02/2023Cargotec and Konecranes set new annual and quarterly revenue records
In 2022 the value of new orders acquired by the two groups has increased respectively of +9.8% and +23.7%




02/02/2023Published the call for tenders for the electrification of the docks of the ports of Messina, Reggio Calabria and Milazzo
The cost of the works is EUR 23.2 million




02/02/2023In 2022 the value of new orders acquired by ABB grew by +6.7%
Business results weakened quarter-on-quarter




01/02/2023In the fourth trimester of the 2022 traffic of the goods in the port of Bremen it is diminished of the -12,7%
In the whole year the decline was -8.2%




01/02/2023USB announces a national companion on ports
On February 25, a two-hour strike in all Italian ports and a six-hour strike for the port of Genoa against arms trafficking




01/02/2023Last year the ship traffic in the Bosphorus Strait is diminished of -8,8%
In the last trimester of 2022 the reduction was -5.1%




01/02/2023New harvest of annual traffic records for Chinese ports
In the period October-December 2022, the new quarterly historical record was set




01/02/2023The German Government plans to expand the road network to cope with the expected increase in freight transport
Bilateral meeting in Rome between Transport Ministers Salvini and Wissing
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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