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Independent journal on economy and transport policy
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BRIEFS
June 23, 2011
The Business Timesweb site
Shipping News
  • Vale reroutes China-bound iron ore to Italy
    Brazilian mining giant Vale said on Tuesday that it had rerouted 391,000 tonnes of iron ore, its first cargo aboard a new class of giant bulk carriers, to Italy from its original destination of China.
  • EU may slap ban on Filipino ship crew
    FILIPINO seafarers could soon be banned from European Union (EU)-flagged ships unless deficiencies in the Philippines' maritime training education and certification system are corrected.
  • Iran state carrier slams latest US indictments
    Iran's state shipping line rejected on Tuesday the latest US indictments against it, saying that the move was another attempt by Washington to damage the Islamic Republic's economy, state television reported.

Sched Netweb site
  • Failure to supply EU e-cargo manifests will result in delays and fines
  • MSC to increase Asia-New Zealand US$250/TEU rate from July 15
  • UASC's 6,921-TEU Al Rawdah runs aground off Batam Island, Indonesia
  • Shanghai Shipping Exchange box index said unjustly maligned, misunderstood
  • Carriers remove Asia-Europe capacity amid falling demand, spot rates
  • Fesco adds ship to make FCDL-north loop into weekly China-Russia service
  • Charleston port, US Army Corps sign harbour deepening contract
  • Colombo's port volumes shrink as developed world demand slows
  • Zhenjiang ports handles largest foreign ship since operation
  • Saudi Arabia mulls doubling Dammam port capacity over three years
  • Old Dominion Freight Line opens Mobile, Alabama, box trucking operation
  • Gansu's Jinchuan airport opens in August, one of several in province
  • Chongqing to launch new international cargo-passenger flights this year
  • DHL's Kelvin Leung named man of year and top CEO for customer service

Exim Indiaweb site
  • BBC Chartering embracing Indian economic development
  • DAMCO app for major mobile platforms
  • Freight rate derivatives has its supporters & detractors
  • MSC's rate restoration on India-East Africa trade lanes
  • TKM Global Logistics strengthens foothold in Gujarat
  • India, Asean meet to wrap up services and investment deal
  • Nailesh Gandhi appointed Trustee on JNPT Board
  • Advance tax kitty swells by 77 pc in Q1
  • DEPB scheme likely to be extended further
  • Food EGoM to decide on sugar exports today
  • Govt to initiate action against 'erring' cotton exporters
  • India world's top black tea producer with 37 pc share

International Transport Journalweb site
JUNE 22, 2011
  • Bibby Distribution with strong financial performance in 2010
    The UK logistics company Bibby Distribution has reported a third consecutive record trading year following the release of its latest company figures. The most recent accounts for t...
  • Landmark in the history of air cargo in Switzerland
    Yesterday, the founding members of the interest group IG AirCargo Switzerland brought its new organisation to life at an extraordinary general assembly in Zurich. The election of P...
  • 25 new trucks for Turkish logistics provider
    The logistics provider Taytur Turizm Nakliyat Ltd, from Mersin in southern Turkey, has once again chosen Mercedes-Benz for the expansion of its trucking fleet. 25 new Axor 1840LS E...
  • Demag Cranes and HHLA to operate battery-powered transport vehicles
    The first fully-automated, battery-powered Gottwald automated guided vehicles have been put into regular fleet service at HHLA Container Terminal Altenwerder in Hamburg (Germany). ...
  • Alphabet wins top customer service award
    UK car fleets have again awarded Alphabet the highest marks for customer satisfaction. The innovative car leasing and fleet management company won the over 500 fleet size category ...
  • Jan de Rijk Logistics contracts dedicated train
    Jan de Rijk Logistics, through its fully-owned subsidiary Har Vaessen, has contracted a dedicated train with TX Logistic between Venlo (Netherlands) and Milan (Italy). The train wi...
  • Russian Railways and Transmashholding sign contract for freight locomotives
    Russian Railways and Transmashholding have signed a contract for the delivery of 200 2ES5 heavy-duty electric freight trains. The 2ES5 features an innovative design and works on al...
  • EU believes CO2 reductions should not be binding
    The EU member states generally welcomed the white paper as a very comprehensive document, which contributes to achieving the Union's environmental goals. However, according to a de...
  • OPDR expands liner service
    OPDR and X-Press Container Line (XCL), Geneva, offer a reinforced and regular liner service from the northern continent to northern Spain and Portugal. The service, meant to reliev...
  • HHLA paying out dividend
    The biggest port operation in Hamburg, HHLA, in 2010 generated a turnover of EUR 1.07 billion (+8.3%) and earnings after tax of EUR 76.2 million (+43.7%). At all HHLA terminals 5.8...
  • Streck Transport extends cooperation with Jakob Müller AG
    The transport and logistics company Streck Transport, based in Möhlin near Basel (Switzerland) and part of the German Streck group, has carried out just-in-time deliveries as well ...
  • DB Schenker to withdraw from US?
    According to a report in the Financial Times Deutschland (FTD), the closure of the logistics division of the German railway Deutsche Bahn (DB) in the US is imminent. However, accor...
  • Simon Uhrlau in charge of business development at OPDR
    Simon Uhrlau took over the newly-created business development portfolio of the German shipping company Oldenburg-Portugiesische Dampfschiffs-Reederei (OPDR) in Hamburg on 2 May. He...
  • Iberia launches freighter service to Nouakchott
    After years of studying the African air cargo market, Iberia Cargo has added Nouakchott in Mauritania to its network of destinations. On Sundays the freighter service between Madri...
  • TAAG first African carrier to receive 777-300ER
    Boeing delivered the first of two airplanes ordered by Angola flag carrier TAAG Linhas Aereas de Angola (Angola Airlines) in October 2009 777-300ER (extended range). The airplane i...

Marine Logweb site
JUNE 22, 2011
  • Judge awards Carnival $16.78 million in Mermaid pod case
  • Gibdock books more cruise ship business
  • Transocean releases report on Deepwater Horizon disaster
  • STX France cancels Libya cruise ship contract
  • Farstad orders two AHTS's at STX OSV
  • Cell phone usage plays role in deadly accident, says NTSB

World Wide Shipperweb site
JUNE 22, 2011
  • Crowley double-hulled barges beginning service in Western Alaska
  • NYK vessel to continue testing SCR/NOx removal equipment
  • Keel-laying ceremony held for new NOAA survey ship
  • Spirit Airlines to begin Portland to Las Vegas flights
  • CBP nails Mexican businessman for avoiding antidumping payments

Lloyd's Listweb site
JUNE 22, 2011
  • Middle East-Asia VLCC rates hit three-month high
    Brokers question how long levels of $16,500 per day can be sustained
  • Forecasts offer hope for beleaguered box owners
    Containership owners hopeful of charter rate rise later in the year, despite expectationsfor more slack weeks of activity ahead
  • Lloyd's List weighs up box prospects
    Share your insights about recent developments on the container sector by joining this survey.
  • New base boosts Braemar's secondhand sales volumes
    Braemar Shipping Services claims to have handled a greater share of secondhand sale and purchase deals since establishing a one-stop shop office in Singapore at the start of the year, which offers broking services in all areas of the maritime business
  • Boxship investment powers ahead
    Investment in new containerships looks set to easily outstrip 2008 levels as confidence returns to the sector after two years of flat newbuilding activity
  • Transpacific freight rates continue to soften
    Transpacific freight rates continue to soften, with a further erosion of eastbound spot prices over the past week
  • STX France cancels Libyan cruiseship contract
    South Korean-controlled yard blames default of payment from state-owned General National Maritime Transport
  • Brokers willing to cover tankers loading at rebel-held ports in Libya
    Move follows Goldman Sachs forecast that insurgents will produce 200,000 barrels a day
  • Yangtze river heading for a crisis
    Rising wages and increasing transit times are driving many manufacturers away
  • ICTSI confirms bid for Gothenburg box terminal
    Revelation comes as company prepares for sharp rise in volumes at Baltic Container Terminal in Gdynia following a repeal of Poland's import VAT laws
  • Monaco celebrates its maritime links
    The Shipping Event, with its conference, golf matches, yacht races and grand dinner, is a tangible expression of the industry's importance to the principality
  • Shipping's safety record is improving
    Recent debate about accident rates, seafarer quality and standards of training has allowed erroneous conclusions to be drawn
  • Unifeeder suspends Moby Dick service
    Lack of support from shippers is a sign that St Petersburg congestion has eased
  • Exponent said to be on verge of selling 50% stake in V.Ships
    Deal with Charterhouse Capital Partners could value world's largest shipmanager at about $500m
  • DFDS sells Maasvlakte terminal
    Disposal to Rhenus Logistics books an $8.7m accounting gain
  • Louis says Greek cruise boom is contingent on change in mentality
    Sole Greek flag operator in legal tangle as government ducks decision on crew subsidies
  • Freight rates soar as well as fall
    Sharp price rises driven by capacity constraints are not necessarily proof of cartel activities
  • Sea change in ship lending has made it more discriminatory
    Nordea Bank chief highlights regulatory changes affecting asset cover
  • Tufton Oceanic launches distressed assets fund
    Manager confident of strong returns for investors in market awash with opportunities
  • Battle for funds hots up as alternative finance comes under pressure
    With sources of finance drying up, private equity may find opportunities in shipping
  • Pacific Shipping Trust eyes growth with nine-ship order
    Shipping funds should follow real estate's example in attracting investors, says PST's newly appointed chief
  • How the EEDI will impact shipping
    Charter parties will be more complex and sea trials more expensive, but pros outweigh cons
  • July MEPC make-or-break meeting
    Too much political wrangling will not help IMO to shape a clean future for shipping
  • A look at Chennai's past reveals the start of its future
    A return to the city after a seven-year absence yields a surprising insight into the city's changes
  • Yangtze barge woes are increasing
    Shippers are concerned over supply chain vulnerability, with many ceasing to use the Yangtze River
  • Farstad orders two anchor handling support vessels from STX OSV
    Deal worth $218m to be completed at yards in Romania and Norway
  • Hong Kong better bet for shipping IPOs, says Citigroup veteran
    Asian investors take advantage of central position of shipping in region's markets
  • Singapore yards have room for more rig orders
    Credit Suisse says $4.5bn in rig options likely to be exercised

Fairplayweb site
JUNE 22, 2011
  • ABG moves into ownership
    INDIA'S largest private shipbuilder ABG Shipyard has told Fairplay that it is venturing into shipowning
  • Pilot dispute flares up over box ship
    A CMA CGM box ship has become caught up in a pay dispute between San Francisco bar pilots and the Pacific Merchant Shipping Association
  • German marine suppliers see turnaround
    MARINE and offshore equipment producers in Germany are showing strong signs of recovery after the shipping and shipbuilding crisis of 2009-10
  • Rizhao reveals shares plan
    CHINA'S Rizhao Port has announced that it will acquire assets through a private placement of not more than 474M shares at 4.27 yuan each ($0.66) with key groups
  • Greece seeks more from shipping
    ATHENS is preparing legislation aimed at keeping earnings from Greek shipping within the country, according to the minister slated to take over the shipping portfolio
  • Energy lifts Blue Water
    DENMARK's port logistics and project forwarding group Blue Water has reported an upturn in transport demand driven by the energy sector
  • Spanish owners seek immigration changes
    TOUGHER immigration laws are responsible for a drop in Spanish shipping jobs and a decline in the country's leading registry, owners said today
  • Brazil, China boost financing
    BRAZILIAN banks are showing greater interest in ship financing, while Asia is also seeing increased lending activity, Arctic Securities analyst Erik Nikolai Stavseth said today
  • Tufton launches distressed fund
    FUND MANAGER Tufton Oceanic today launched its Oceanic Distressed Fund to invest in struggling shipping companies
  • Product tanker rates rise in Atlantic
    THE LULL in the product tanker trades in the Atlantic basin seems to be coming to an end, according to analysts
  • Newcastle congestion hits exports
    AUSTRALIAN port operator Port Waratah Coal Services has reported that congestion caused shipments to plunge last week after two weeks of strong export figures
  • Capacity cuts fail to raise box derivatives
    THE CKYH Alliance's decision to withdraw one of its Asia/Europe services due to poor freight rates has had little impact on the box derivatives trade
  • ICTSI undaunted by Portek rival
    PHILIPPINE port operator ICTSI has told Fairplay that it still hopes to acquire Singapore's Portek International, despite the emergence of an undisclosed rival bidder
  • Doubling of LNG trade seen
    RISING demand for LNG will see its trade double to 1 trillion m³ by 2035, according to the International Energy Agency

The Journal of Commerceweb site
JUNE 22, 2011
  • Canadian Breakbulk Line Starts Charleston Calls
    Canada States Africa Line, a newly launched multipurpose line, is adding Charleston to the port rotation for its breakbulk/roll-on, roll-off...
  • Emirates Joins Hanjin's FMX Service
    Emirates Shipping Line is joining the Far East-Middle East Express Service operated by Hanjin Shipping, effective early next month. The...
  • Rockefeller Presses STB for Rail Reform
    Sen. Jay Rockefeller, D-W.Va., told the Surface Transportation Board he doesn't expect rail reform legislation in the near future, and...
  • Denmark's DFDS Sells Rotterdam Terminal
    DFDS, northern Europe's largest short-sea freight shipping company, sold a cargo terminal in Rotterdam to Germany's Rhenus Logistics for $35...
  • Holt Logistics Launches Massive Solar Project
    Holt Logistics plans to build the largest rooftop solar installation in North America at its Gloucester Marine Terminal in New...
  • FedEx Annual Revenue Rises to $39.3 Billion
    FedEx increased revenue 12 percent in the quarter and 13 percent in the fiscal year that ended May 31, reporting...
  • SC Ports Project 6.6 Percent Box Volume Growth
    The South Carolina State Ports Authority approved its budget for fiscal year 2012, which projects a 6.6 percent increase in...
  • DB Schenker Mulls Future of US Transport, Logistics Unit
    Germany's DB Schenker will decide the fate of its underperforming North America domestic transport and logistics business, including restructuring or...
  • Charles Hiltzheimer, Former Sea-Land CEO, Dies at 83
    Charles I. Hiltzheimer, who headed Sea-Land Service when it was the world's largest container line and later served as CEO...

Containerisation Internationalweb site
JUNE 22, 2011
  • ESL joins Hanjin and NYK on FMX
  • ICTSI's new terminal in Rijeka already taking shape
  • Ireland's export-led recovery picks up pace
  • Deneb salvage continues
  • Boxship charter market at the crossroads

TradeWindsweb site
JUNE 22, 2011
  • Ship syndications back?
    Nordea's Bjornadal hails return of the big deal and 'power statement' by client Euronav.
  • 'Chastened' Troim hits NYC
    Fredriksen top gun claims 'boss' has questioned his tanker acumen, but he's still not sounding bullish.
  • TTA tale twists again
    Dissident shareholder group, now branded "Friends of TTA" plans rally amid renewed calls for emergency meeting.
  • Euronav lands giant Nordea loan
    Belgian tanker owner puts market rumours to bed after sinking teeth into $750m credit facility.
  • Teekay seals shuttle tanker fixtures
    Teekay Offshore Partners pens 10-year contracts for four shuttle tanker newbuildings.
  • Clarkson Capital plugs Danaos Corp
    Clarkson equity analyst urges investors to scoop shares of US-listed boxship owner as stock recovers from retreat.
  • Tufton targets distressed owners
    Investment house takes aim at distressed shipowners as it finally launches new hedge fund.
  • Torm shares soar in Copenhagen
    Analysts gauge impact of market chatter as reports of $1bn Nordea loan hit tanker owner's stock out of the park.
  • DFDS dumps port terminal
    Danish ferry group hikes earnings estimate as Rhenus Logistics shells out $32m in Rotterdam port play.
  • Nordea linked to giant loan package
    Bank tipped to be preparing near $1bn refinancing string for listed tanker owner.
  • Pace slows at Hyundai Heavy
    World's biggest shipbuilder sees demand falling in second half, but expects to convert more drillship options.
  • Farstad moves for anchor-handlers
    STX OSV to build two offshore vessels for Norwegian owner at a cost of NOK 1.2bn.
  • Mosvold restrains Otto Offshore
    Legal wrangle deepens between Norwegian offshore owner and Singapore shipbuilder over late hulls.
  • Tug officer blamed for smash
    K-Sea crewman distracted by phone and laptop before fatal collision with tourist boat on Delaware River.
  • Bulker robbers rounded up
    Mumbai police nab 12 men on fishing vessel after they stole coal from Japanese vessel.
  • Axel 'disengaged' from CECO and EMS
    Shipowner exits as a director of Camillo Eitzen and as CEO of Eitzen Maritime Services.
  • Zaliv bags double
    Ukrainian shipbuilder continues to secure hull construction work for Norwegian yards.
  • Panamax losses are looming
    Rates for panamax bulkers are set to follow capesize earnings to below break-even level, Macquarie says.
  • Charterhouse leads V.Ships chase
    Buy-out specialist Charterhouse Capital Partners tipped to mop up purchase of world's largest shipmanager in next few days.
  • Global orderbook at five year low
    Clarksons says newbuilding tally falls below 7,000 for the first time since July 2006 as bulker deliveries set new record.
  • Vinaship wants rid
    Vietnamese state owner puts 1974-built bulker up for sale at $1.5m.
  • Khulna bags tanker double
    State-owned Bangladesh shipyard wins contracts from United Shipping Line and Global International.
  • Split set in after 'lukewarm' start
    AMFraser warns of more trouble ahead for Singapore-listed shipowners, but flags improvement for yards and OSV firms.
  • LNG staff shortfall pending
    Owners face shortage of superintendents as life at sea proves more lucrative, recruiter says.

American Shipperweb site
JUNE 22, 2011
  • DHL adds freighters to Asia network
    DHL will invest 100 million euros ($144 million) for three Boeing 747-400 converted freighters to add to its Asia air network. Operated by Air Hong Kong, a joint venture between Cathay Pacific and DHL, the three planes, each with a 100-ton payload...
  • AOTOS Award recipients named
    The United Seamen's Service said it will present its 2011 Admiral of the Ocean Sea Awards this year to James L. Henry, chairman and president of the Transportation Institute; General Duncan J. McNabb, commander of the U.S. Transportation Command; ...
  • NYK bulker installs catalytic converter
    NYK Line said it has begun shipboard tests of selective catalytic reduction nitrogen oxide removal (SCR NOx) equipment installed on a new bulk coal carrier,Initial Salute.The ship was built by Oshima Shipbuilding. Shipboard trials of the equipment ...
  • NTSB: Cell phone a cause of 'Duck Boat' collision
    The National Transportation Safety Board said one of the causes of an accident last July in which a sludge barge collided with an amphibious "duck boat" filled with tourists, was the failure of a tug to keep a proper lookout. Two tourists died in ...
  • Hiltzheimer, former Sea-Land CEO dies at 83
    Charles I. Hiltzheimer, 83, who served as chief executive of three major U.S.-flag shipping lines -- Sea-Land Service, United States Lines, and Puerto Rico Marine Management -- at different times in his career, died suddenly on Monday in Charlottes...
  • SAP updates transportation management software
    SAP AG announced Wednesday the general availability of the latest release of its transportation management software. The 8.0 release of the SAP Transportation Management (SAP TM) application was unveiled in April, and the company said it significa...
  • Hitachi Transport builds Australian presence
    Hitachi Transport System has set up an Australian subsidiary to increase its logistics service presence in that market. The Melbourne-based subsidiary, Hitachi Transport System (Australia) Pty. Ltd., will start the operation in July. The company sa...
  • CMA CGM creates Iran compliance desk
    French container line CMA CGM is setting up an Iran compliance desk in the wake of a falsified shipment in March that actually contained weapons bound for Iran, the carrier said Wednesday. The desk is part of a larger initiative by the line to bet...
  • Hopes to grow health care business
  • Letter to the editor

The Bunker Bulletinweb site
JUNE 22, 2011
  • Crude rebounds after Greek crisis concern calms
    'We're also higher because it doesn't look like the euro zone is going to implode soon,' says analyst.
  • Ventrin Petroleum closed for holiday
    Company's Point Lisas office will be closed Thursday, June 23.
  • Middle East bunker prices stable
    'Very busy' in Suez.
  • MGO prices drop double digits in Rotterdam and Hamburg
    Prices 'rocket' in Piraeus late in the day.
  • Ferry claims 'world first' for wind turbine power
    Return on investment expected in about eight months due to fuel savings.
  • EC rejects latest attack on Gibraltar's bunker sector
    'No concrete evidence' that any European regulations are being breached.
  • ARA: FOB prices confusing the market
    Separating product price from delivery cost proposed as one possible measure to bring transparency.
  • Mid-week bunker prices mixed
    Demand for bunkers variable in Asian markets on Wednesday.
  • Hong Kong bunker deliveries suspended due to typhoon
    Typhoon signal number three hoisted in Hong Kong early Wednesday.
  • Seaspan 10,000 TEU ships 'world's most efficient'
    Vessels to have increased cargo capacity of 10% and a reduced fuel consumption of 20%.
  • Innovations will meet challenges of MARPOL compliance
    Fuel costs to continue to increase, says IBIA chief.
  • Gladstone temporarily unable to deliver
    IBS-operated barge and terminal undergoing maintenance.

›››File
FROM THE HOME PAGE
Offer to acquire European express courier InPost
Amsterdam/Luxembourg
It was submitted by a consortium comprising Advent International (37%), FedEx (37%), A&R Investments (16%) and PPF Group (10%)
Transocean and Valaris sign merger agreement
Steinhausen/Hamilton
The new company will have a fleet of 73 offshore vessels, including 33 ultra-deepwater drillships
Hapag-Lloyd expects to close the 2025 financial year with a 61% decline in operating profit.
Hamburg
Record loads transported by the fleet, growing by +8%.
FS establishes a company specializing in transport and infrastructure consultancy
London
The new company is based in London
Maritime traffic in the Suez Canal fell by 3.4% last year.
Maritime traffic in the Suez Canal fell by 3.4% last year.
Cairo
Growth of +9.0% in the fourth quarter alone. In December, transits increased by +13.1%.
The simplification law, rather than making things easier, complicates the lives of ship captains and burdens them with additional operational and legal responsibilities.
Genoa
BYD and Automar reach agreement for vehicle traffic through the port of Gioia Tauro.
Schiedam
The goal is to serve the central-southern Italian market.
Maersk Group announces 15% ground-based job cuts
Maersk Group announces 15% ground-based job cuts
Copenhagen
The quarterly and annual financial results are impacted by the reduction in the value of maritime freight rates.
In 2025, container traffic in the ports of Genoa and Savona-Vado Ligure reached a historic record of almost three million TEUs
Genoa
Cruise passengers increased by 6.1%; ferry passengers decreased by 4.0%.
Busan Port has again set its all-time record for annual container throughput.
Busan
Last year the total was 24.88 million TEUs (+2.0%)
Panama Ports Company has initiated arbitration proceedings against the Republic of Panama
Panama
Extensive damage reported and state authorities' reluctance to respond to repeated requests for confrontation
In 2025, freight traffic in Sardinia's ports grew by +3.0%
Cagliari
Slight decline in cruise passengers contained by the launch of home ports in Cagliari and Olbia
Freight traffic in the port of Barcelona to remain stable in 2025
Barcelona
In the fourth quarter alone, 16.7 million tonnes were handled (+4.5%)
Maersk and Hapag-Lloyd bring back India/Middle East-Mediterranean service via Suez
In 2025, ships transiting the Panama Canal increased by +14.1%
In 2025, ships transiting the Panama Canal increased by +14.1%
Panama
The ports of the Central American nation handled 9,915,357 containers (+3.6%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Anjra
New all-time high in total goods
In 2025, Turkish ports handled a record traffic of 553.3 million tonnes of cargo (+4.0%)
Ankara
Container traffic in Italy reached a new all-time high of 678,715 TEUs (+9.8%). Ship traffic through the Bosphorus Strait declined.
APM Terminals will take over the interim management of the Panamanian ports of Cristóbal and Balboa.
Panama
President Mulino urged Panama Ports Company to cooperate fully in view of this new phase
New crop of historic records harvested by Chinese ports
New crop of historic records harvested by Chinese ports
Beijing
In 2025, maritime ports handled 11.63 billion tons of goods (+3.7%)
PPC denounces the contradictory nature of the ruling by the Supreme Court of Justice of Panama with respect to the current legal framework
Balboa
The company does not exclude the possibility of resorting to national and international legal action
Lukoil signs agreement with US-based Carlyle to sell the Russian group's international assets
Fly
The transaction will need to be authorized by the U.S. Office of Foreign Assets Control.
Panama's Supreme Court of Justice declares the law on the concession contract with the Panama Ports Company unconstitutional.
Panama
Last year, PPC port terminals handled 3.9 million containers
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Miami
New orders for ten new river vessels are planned. A record financial year.
CMA CGM establishes a joint venture with Stonepeak to which it will contribute ten container terminals
New York/Los Angeles
The American company will own 75% and 25% of the shares, respectively. It will invest 2.4 billion dollars.
German rail freight companies reject 37% increase in train path prices
Berlin
Die Güterbahnen urges the Minister of Transport to present the promised reform of the fare system
FS Logistix increases weekly rotations on the Duisburg-Milan railway line from six to ten
Milan
Two daily connections are made in each direction
In the fourth quarter of 2025, freight traffic in the port of Antwerp-Zeebrugge decreased by -4.9%.
Antwerp
For the whole year the decline was -4.1%
Valletta Cruise Port records record annual cruise traffic
London
In 2025, there were 963 thousand passengers (+2.3%)
Evergreen invests up to nearly $1.5 billion in the construction of 23 container ships
Taipei
Seven 5,900 TEU vessels have been ordered from Jiangsu New Yangzi Shipbuilding and 16 3,100 TEU vessels from CSSC Huangpu Wenchong Shipbuilding.
In 2025, Spanish ports handled a record container traffic of almost 19 million TEUs
Madrid
New historic highs also for conventional goods and passengers
First container transhipment operation in an Algerian port
First container transhipment operation in an Algerian port
Algiers
It happened on Sunday at the port of Djen Djen
Truckers from Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia block borders
Belgrade
Week-long protest against the EU's new entry/exit system
Resumption of attacks against ships in the Red Sea region threatened
Tehran
They would be implemented in response to an escalation of US and allied military actions in the region.
New annual record for maritime traffic in the Straits of Malacca and Singapore
New annual record for maritime traffic in the Straits of Malacca and Singapore
Port Klang
Last year, for the first time, over 100,000 ships passed through
New record of sailors abandoned by shipowners
London
In 2025, 6,223 crew members from 410 ships were abandoned
Two FMC commissioners call on the US government to take action against Canadian and Mexican ports
Washington
Enforcement of provision aimed at preventing freight carriers from evading the Harbor Maintenance Fee urged
Annual container traffic handled by the port of Algeciras remains stable.
Algeciras
A 6.2% decrease in the weight of goods in containers was recorded
The EU Commission authorizes Italy to provide financial support for rail operations in ports.
Rome
Incentives for a maximum total of 30 million euros over five years
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Ismailia
The need to reduce insurance premiums for vessels transiting the Red Sea region was also highlighted.
€3.1 million in unpaid regional maritime property fees recovered in Campanian ports
Naples
422 default notices to non-compliant dealers
In November 2025, freight traffic in the ports of Genoa and Savona-Vado dropped by -5.5%.
Genoa
The two airports recorded percentage variations of -7.5% and +0.6% respectively
EU ETS: Interferry calls for a halt to the 100% charge for ferry emissions in 2026.
Victoria
The vast majority of the revenues from the maritime ETS - the association denounces - are diverted to the national budgets of the Member States.
The new configuration of the Ocean Alliance service network confirms seven calls at Italian ports
Hong Kong/Taipei
Two at the port of Genoa, two at that of La Spezia and one stop each at the ports of Vado Ligure, Trieste and Salerno
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Marseille
Cruise passengers grow by +7%
AD Ports has acquired the Spanish shipyard Astilleros Balenciaga.
Abu Dhabi
Transaction worth 11.2 million euros
CMA CGM reports three services on the route around the Cape of Good Hope
Marseille
The international scenario - explains the French company - is complex and uncertain
COSCO Shipping Ports' terminals handled record container traffic last year
Hong Kong
Growth of +6.2% over 2024
In the fourth quarter of 2025, freight traffic in the port of Venice grew by +13.5%
Venice
An increase of +4.9% was recorded for the whole year
Buffer areas to decongest the North West logistics system
Genoa
The proposal is from Connect. Let's remember, Palenzona warns, that the Italian system depends on road haulage.
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
St. Petersburg
In the fourth quarter alone, traffic was 231.1 million tonnes (+6%)
The port of Civitavecchia has set a new annual cruise traffic record
Civitavecchia
A 5.4% increase in transit passengers. Disembarking and embarking passengers remained stable.
A ship coming from Russia was seized in the port of Brindisi
Toasts
Alleged violation of sanctions against the Russian Federation
FS Logistix takes over railway operations in Area 6A of the Port of Antwerp.
Antwerp
New generation hybrid locomotives will be used
Greek Shipowners' Association urges EU to take measures to protect ships and crews
Piraeus
Call for expressions of interest for the refurbishment and management of the cruise terminal at the Port of Gibraltar
Gibraltar
Applicants must be willing to fully finance the work
In 2025, acts of piracy against ships increased by +18%
In 2025, acts of piracy against ships increased by +18%
Kuala Lumpur
A 43% decrease in accidents was recorded in the last quarter
InRail to manage the Interporto Pordenone intermodal terminal for a year
Pordenone
Temporary solution in view of the establishment of a public-private company
Turkey's Kuzey Star Shipyard to Build Shipyard in Syria's Tartous Port
Damascus
An investment of at least $190 million over five years is expected
In 2025, cargo traffic in Ukrainian ports decreased by -15%
Kiev
Container traffic grows by 66%
Container traffic in the port of Hong Kong decreased by 5.7% last year.
Hong Kong
In the fourth quarter alone the decline was -8.0%
In 2025, PSA's port terminals handled record container traffic
Singapore
New peaks in volumes handled in Singapore and the group's overseas terminals
Chinese CMPort's port terminals handled record container traffic last year
Hong Kong
The total was 151.5 million TEUs, an increase of +4.0% over 2024.
COSCO orders 12 new 18,000-TEU and six 3,000-TEU containerships
Hong Kong
Jiangnan Shipyard, China Shipbuilding Trading, and COSCO Shipping Heavy Industry win $2.7 billion in orders.
The port of Trieste closed 2025 with a 0.7% growth in freight traffic thanks to the increase in crude oil prices.
Trieste
The port of Gioia Tauro has once again set its container traffic record
The port of Gioia Tauro has once again set its container traffic record
Gioia Tauro
In 2025, the previous peak recorded the previous year will increase by +14%.
Port of Singapore sets new all-time container throughput record
Port of Singapore sets new all-time container throughput record
Singapore
The port confirms its position as the world's second largest container port
The volume of cargo traffic in the port of Koper will remain unchanged in 2025.
Koper
Increase in containers and rolling stock. Decline in other types of cargo.
Taiwan's Evergreen, Yang Ming and WHL close 2025 with double-digit revenue declines
Taipei/Keelung
In 2025, piracy attacks against ships in Asia increased by +23%
Singapore
The severity of accidents has decreased
The Democratic Party accuses the government of blocking investments in ports and placing the Port System Authorities under special administration.
Rome/Genoa
Nova Marine Carriers, Bolten and Ership have acquired full control of VCK Port Logistics.
Lugano
Amsterdam has developed its only covered terminal capable of operating in all weather conditions.
In the fourth quarter of 2025, revenues generated by OOCL's containership fleet decreased by -17.2%.
Hong Kong
Transported volumes increased by +0.8%
TKMS submits non-binding offer to buy German Naval Yards
TKMS submits non-binding offer to buy German Naval Yards
Kiel
The Kiel-based company builds naval vessels and luxury yachts
Over two tons of cocaine seized in the port of Genoa
Genoa
Once placed on the market, the drug would have earned criminal organizations around 1.5 billion euros.
Seatrade acquires strategic stake in JR Shipping
Harlingen
The Dutch company will continue to operate as an independent and autonomous organisation
In 2025, Ningbo-Zhoushan confirmed its position as the world's leading port in terms of total cargo traffic.
In 2025, Ningbo-Zhoushan confirmed its position as the world's leading port in terms of total cargo traffic.
Ningbo
Over 1.4 billion tons of cargo were moved. Approximately 43 million containers were transported.
In 2025 the port of Ravenna recorded its new historical record for annual freight traffic
Ravenna
Never-before-seen volume of cargo handled in the fourth quarter alone
The Sardinian Port Authority relies on the Financial Times' AI-based consultancy to understand which strategies, projects, and infrastructures to implement.
Cagliari
Direct award of an estimated value of 140,000 euros
The disposal of sediment from dredging in the port of La Spezia at the new breakwater in Genoa has been approved.
La Spezia
Approval has been granted for the transfer of 282,000 cubic meters to be carried out during 2026.
WASS (Fincantieri) has been awarded a contract by Saudi Arabia for the supply of lightweight torpedoes
Trieste
The order is worth more than 200 million euros
Oxin (Somec) awarded a major order for the construction of kitchen, pantry, catering and bar areas for two cruise ships
San Vendemiano
The value of the order is 53 million euros
Sogedim launches a daily service between Carpi and Campogalliano/England
Carpi
Daily shuttle departing from the logistics hubs of Campogalliano, Carpi and Prato
Danaos Corporation reports record quarterly and annual revenue.
Athens
Profits are falling
CPPIB and OMERS are considering selling their 67% stake in Associated British Ports.
London
Maersk orders eight 18,600 TEU dual-fuel containerships
Copenhagen
Built by New Times Shipbuilding Co., they will be delivered between 2029 and 2030.
PaxOcean opens new shipyard in Singapore
Singapore
It occupies an area of 17.3 hectares
The largest container ship ever arrived in the port of Trieste
Trieste
Port of call of the "MSC Diana" which has a capacity of approximately 19,000 TEUs
Antin Infrastructure Partners acquires U.S. shipbuilder Vigor Marine Group
New York
It has shipyards in Seattle, Portland, Vancouver, San Diego and Norfolk
In 2025, Moroccan ports handled a record traffic of 262.6 million tons of goods (+8.9%)
Rabat
Transhipment equal to 50.5% of the total
Yang Ming deploys first of five 15,500 TEU dual-fuel LNG vessels on Asia-Mediterranean route
Keelung
It will be used in the MD2 service
Study highlights challenges for LNG containerships in complying with future cold ironing connection requirements
Berlin/Hamburg
Fincantieri and Wsense reach agreement to offer cutting-edge underwater systems
Trieste
Co-development of advanced wireless technology solutions planned
Study finds high levels of persistent organic pollutants caused by shipbreaking activities
Brussels
Port of Livorno: tender for ship-generated waste management begins
Livorno
The expected value of the contract is over 40 million euros
DSV revenue and profits impacted by Schenker acquisition
Copenhagen
In 2025, turnover grew by +48.0%
Wärtsilä reports significant growth in quarterly and annual results for the Marine segment
Helsinki
The Finnish group's new orders acquired in 2025 remain stable.
Dutch company Portwise has been bought by its compatriot Haskoning
Rijswijk
The company offers solutions for optimizing terminal operations through automation and electrification
Construction of the first of six container ships for Italia Marittima has begun in China.
Trieste
The ships, which will be able to use traditional fuel and methanol, will have a capacity of 2,400 TEUs
In the Strait of Hormuz, armed vessels ordered a US tanker to stop
Southampton/London
GTS announces new rail services between the port of Genoa and central and southern Italy.
Bari
Connections via the Segrate Milan terminal
The number of dual-fuel vessels employed by liner shipping lines is set to double by 2025
Washington
Currently, 74% of the order book consists of units of this type
Kuehne+Nagel expands CargoCity South at Frankfurt Airport
Schindellegi
A new facility will be completed and taken over at the end of 2028
AD Ports signs agreement to build and operate multipurpose terminal at Matadi Port
Abu Dhabi/Kinshasa
Relaunch of the Banana Deepwater Port Construction Project
Confitarma: The Revenue Agency's position risks having serious repercussions on Italian seafarers' employment.
Rome
Bucchioni appointed pro tempore president of the Association of Freight Forwarders of the Port of La Spezia
La Spezia
The tender for the development of the shipbuilding hub in the port of Ancona has begun.
Ancona
The AdSP Management Committee has approved the call for tenders
ONE's quarterly financial performance declines further
Singapore
The volume of containerized cargo transported by the fleet remains stable
Laura DiBella's nomination for FMC presidency has been signed.
Washington
His term will expire on June 30, 2028.
Port of Singapore saw record bunker deliveries in 2025
Singapore
PSA-MOL joint venture to manage a new ro-ro terminal
The port of Taranto was visited by a delegation from the Japanese FLOWRA
Taranto
The association brings together 21 of the main Japanese energy players
ABB's new orders in a quarter exceed $10 billion for the first time.
Zurich
Growing demand in the maritime, port and railway sectors
In the United States, MSC was fined a total of $22.67 million
Washington
The Federal Maritime Commission has released the results of an investigation
CSC Vespucci and Livorno Reefer will form a single platform dedicated to fruit and vegetable and exotic products in the port of Livorno
Signal Ocean has acquired AXSMarine
Paris/London
The company offers web platforms to support the ship charter sector
Stena RoRo has placed an order for two ro-ro vessels in China with options for four more.
Gothenburg
They were designed in cooperation with the Italian Naos
Shanghai Zhonggu Logistics Co. to Order Four New 6,000-TEU Containerships
Shanghai
The order will include options for two additional vessels
UPS revenues decreased by 2.6% in 2025
In the last quarter alone, a decrease of -3.2% was recorded
ICS has published its periodic analysis of flag state performance
London
Michail Stahlhut will step down as CEO of Hupac in May
Noise
Bertschi: Under his leadership, the company's position as a leading provider of combined road/rail transport in Europe has been strengthened.
Members of the Ravenna Marine Resource Partnership Body have been appointed.
Ravenna
It will meet for the first time on February 4th and will remain in office for four years
Messina (Assarmatori): MIT's decree on cold ironing is a good thing.
Rome
This is a fundamental step - he underlined - to ensure that the electrification of the platforms is actually usable.
Contship has joined the Digital Container Shipping Association's DCSA+ program.
Melzo
Among the goals, improving the efficiency of terminal operations, the accuracy of planning and collaboration with shipping companies.
The Argentine Port Workers' Federation threatens a strike at national ports.
The Silver
Action in support of workers at the port of Concepción del Uruguay
In 2025, freight traffic in the port of Taranto grew by +0.8%
Taranto
In the last quarter alone, a decrease of -22.6% was recorded
Last year, container traffic in the port of Valencia grew by +3.4%
Valencia
5,662,661 TEUs were handled
Fincantieri wins Italian Navy contract to enhance naval vessels' cyber resilience
New facility in Charleston for the production and testing of marine power and propulsion systems
Arlington
It was inaugurated by Leonardo DRS, a subsidiary of the Italian Leonardo
Project to strengthen maritime and port cybersecurity
Brest/Brussels/Rome
The partners are France Cyber Maritime, FEPORT and the Federation of the Sea
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Container traffic at the Port of Los Angeles fell by 10.6% in the last quarter of 2025.
Los Angeles
A decrease of -0.6% was recorded for the whole year
In the first six months of operation InnoWay Trieste produced 170 railway wagons
Trieste
The construction of 600 units is planned in Bagnoli della Rosandra in 2026
Ferretti rejects KKCG Maritime's partial and conditional voluntary takeover bid.
Milan
Strong confidence in the company's long-term strategy reaffirmed
Haropa Port sets new container traffic record
Le Havre
Last year, overall freight traffic increased by +2%
Decio Lucano, the dean of shipping journalists, has passed away.
Genoa
His paper adventures are countless, including "Vita e Mare" and "TMM", but also digital with "DL News"
Marsa Maroc orders 106 electric terminal tractors from Terberg
Benschop
They will be employed in the port of Nador West Med
Contargo acquires 50% of Cargo-Center-Graz Logistik
Mannheim
The German company extends its intermodal network to the Adriatic ports of Koper and Rijeka.
A single binding offer from Dubai for the purchase of the Venice Ro-Port Mos
Venice
The company manages the terminal for the motorways of the sea and cruises in Fusina
The Port of Long Beach handled record container traffic in 2025
Long Beach
In the last quarter, a decrease of -8.8% was recorded
HMM to introduce AI-based autonomous navigation solutions on 40 vessels
Seoul
Contract with Avikus and agreement with KSOE
Two new rail connections to Germany from the Padua Interport
Padua
They are operated by InRail and LTE Italia
Intersea has become the general agent in Italy for the Portuguese GS Lines
Genoa
The shipping company is part of Grupo Sousa
MSC and Qatari company Maha to develop and manage the Libyan port of Misurata
Paris/Misurata
An investment of 1.5 billion dollars is expected
F2i has been awarded the concession for the Lavagna tourist port
Milan
The concession contract will have a duration of 50 years
Eni launches the hull of the Coral North FLNG
Geoje/San Donato Milanese
It will be used offshore Cabo Delgado, north of Mozambique.
Laghezza has acquired a logistics warehouse in Sarzana
La Spezia
The aim is to establish a local hub for local production activities.
The Red Sea Container Terminal at the Egyptian port of Sokhna has been inaugurated.
Sokhna
It is operated by a joint venture of Hutchison Ports, COSCO and CMA Terminals
The GNV Altair ferry has joined the GNV fleet
Genoa
It has a capacity of 2,700 passengers and 915 linear metres of rolling stock.
Maersk confirms resumption of MECL transits through the Suez Canal
Copenhagen
The line connects India and the Middle East with the US East Coast
Ignazio Messina & C. has acquired full control of Thermocar
Genoa
The Genoese company operates in the temperature-controlled refrigerated container logistics sector.
Genco's board of directors rejected Diana Shipping's acquisition proposal.
New York/Athens
The American company, however, leaves a glimmer of hope by admitting the validity of the merger
MSC will include the port of Trieste in the Dragon Italy-USA service
Geneva
The Julian port will be reached starting from the second half of February
De Wave Group has acquired French company DL Services.
Genoa
The company specializes in the design of industrial kitchens and the supply of technical components and spare parts on board
CMA CGM's TUX transatlantic service will call at the port of Salerno
Marseille
The line connects Turkey with the East Coast of the USA
Cruise traffic in the port of Piraeus increased by +9% last year
Piraeus
Approximately 1.85 million passengers moved
New intermodal connections between Northern Italy and Belgium by GTS Rail and CargoBeamer
Bari/Leipzig
Activated on the Padua-Zeebrugge and Liège-Domodossola lines
In 2025, cruise traffic in the port of Genoa grew by +6.5%
Genoa
Ferry passengers down 3.6%
Grimaldi took delivery of the PCTC Grande Manila
Naples
The vessel has a total capacity of 9,241 CEUs.
Expedition cruise ship Exploris One to be auctioned off
Nantes
It has a capacity of 144 passengers and 102 crew members.
SeaCube Container Leasing has acquired Martin Container.
Montvale
The company specializes in the refrigerated container segment
Pisano: The Simplified Logistics Zone has great strategic importance for the port of La Spezia.
La Spezia
RINA and HPC launch project to promote green ports in the Caspian region
Genoa
Five-year contract with the OSCE
Vard to build four Multi-Purpose Robotic Vessels for Ocean Infinity
Trieste
The contract has a total value of over 200 million euros
Hanseatic Global Terminals will become sole owner of Florida International Terminal
Rotterdam
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
The transportation sector enters a turning point with the adoption of artificial intelligence
Ulm
However, most companies are still in the early stages of this process.
Work completed to widen the access channel to the port of Livorno.
Livorno
The width between the two banks will be increased from 70 to 120 meters
Nexans sets a record for the depth of laying a high-voltage submarine cable on the Tyrrhenian Link
Paris
Installation at -2,150 meters
Funds for Spanish ports to adapt to the use of wind energy and other marine renewable energy sources
Madrid
Program with a total value of 212 million euros
CMD - Costruzioni Motori Diesel returns to wholly Italian ownership
Atella
Giorgio and Mariano Negri have acquired 67% of the capital held by the Chinese Loncin Motor Co.
Intesa Sanpaolo is financing the construction of three PCTCs for Grimaldi Euromed.
Milan
The new ships will be delivered later this year
Medlog acquires Australian intermodal operations of Seaway
Fremantle
The transaction will be completed within the first quarter of this year.
MIT has updated cybersecurity measures for national ships, ports and port facilities
Rome
A circular has been published which, among other things, introduces staff training
V.Group has bought the Danish company Njord
London
The company offers the shipping industry solutions for energy efficiency and decarbonisation
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
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
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
››› Meetings File
PRESS REVIEW
Auction of megaterminal in Santos may be postponed due to deadlock within the Federal Government
(A Tribuna)
East Port Said Port faces a new challenge with Europe's carbon rules for shipping
(EnterpriseAM)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Fire aboard the Majestic ferry in the Port of Genoa
Genoa
The flames were extinguished by the intervention of the on-board fire brigade and did not cause any injuries.
COSCO to acquire control of German logistics company Zippel
Hamburg
Agreement to acquire 80% of its capital
Colombo Port Sets New Annual Container Traffic Record
Columbus
Sri Lanka Ports Authority signs agreement with French shipping group CMA CGM
Viasat to exit British company Navarino's capital
London
ICG to support the Tsikopoulos brothers in reinvesting in the company
The Palau government ensures the full operation of the Naval Registry
Koror
Moses (BMT): Services continue to be provided in accordance with international procedures and standards
In the first nine months of 2025, freight transported on the Austrian rail network increased by +1.4%
Vienna
Growth of +4.9% was recorded in the third quarter alone
Saipem wins $425 million offshore contract to develop the Sakarya gas field.
The decree for the distribution of PNRR resources to interports has been signed.
Rome
The disbursement of 1.9 million euros is expected
Messina, a Genoese company, launches a new service to Algeria.
Genoa
The rotation touches the ports of Fos, Genoa, Barcelona, Algiers, Fos
FS Logistix is the first company in Europe to certify its carbon footprint for freight transport.
Rome
The FS group company has obtained ISO 14067 certification
WASS (Fincantieri Group) wins torpedo supply contract for Indian Navy
Trieste
Contract with a total value of over 200 million euros
FHP Intermodal will become operational on January 1st
Milan
FHP Group completes the integration process between its subsidiaries CFI Intermodal and Lotras
The Coral Adventurer cruise ship ran aground in Papua New Guinea.
Port Moresby
No harm to people on board
d'Amico International Shipping orders two new MR1 product tankers from Guangzhou Shipyard International.
Port of Gioia Tauro: Anchorage fee reduction approved again
Gioia Tauro
A total sum of 1.5 million euros has been allocated
The Council of State has confirmed the legitimacy of the tender for the new Ravano Pier in La Spezia.
Rome/La Spezia
The TAR ruling for Liguria has been confirmed.
Hupac will launch a new shuttle train service between Duisburg and Novara.
Noise
Schedule six rotations per week
Ferry docking slots for Piombino and Elba Island in 2026 have been assigned.
Livorno
Project financing process for the first hydrogen production plant in the port of La Spezia
La Spezia
Project to provide "mobile" supplies to vehicles such as locomotives and boats
The new hydrofoil terminal at the port of Messina will be named after a victim of femicide.
Messina
The initiative to remember Omayma Benghaloum
Three new e-RTG yard cranes have arrived at the PSA Venice-Vecon terminal
Venice
Investment of 8.5 million euros
Fincantieri delivers second multipurpose combat ship to the Indonesian Navy
Trieste
Ceremony at the Muggiano shipyard
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