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Independent journal on economy and transport policy
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BRIEFS
October 31, 2018
Sched Netweb site
  • Cosco Shipping Ports profits soar 33.5pc, but trade war blights future
  • OOIL Q3 sales up 7pc to US$1.55 billion as per box revenue rises .01pc
  • Togo's Port of Lome tops Lagos as West Africa's No 1 container hub
  • IBM and Maersk struggle to sign carriers to join blockchain scheme
  • Gulftainer to invest up to US$3 billion in Mideast, US, Africa and Asia
  • Popularity of shipboard exhaust scrubbers grows as cost fears fade
  • Gap closes among top-rated 3PLs - DHL, XPO and CH Robinson
  • India, Bangladesh sign cargo, passenger, port and waterways pacts
  • SCPA celebrates Inland Port Greer's fifth year of beating projections
  • IMO provide downloadable 'toolkits' to cut ship and port emissions
  • BAWAT 'revolutionary' ballast water treatment exterminates with heat
  • Chevron Marine, ExxonMobil offer lubricants for low sulphur fuel use
  • Danish supply chain giant DSV exits CEVA bidding after offer rejected
  • Remote-controlled tug is tested on Lufthansa planes at Frankfurt airport
  • Etihad and Saudia start codeshare, agree to collaborate on cargo
  • Oman Aviation Group signs 2 deals to enhance air cargo capabilities

Exim Indiaweb site
OCTOBER 30, 2018
  • Govt has taken various policy decisions & initiatives to increase the share of Indian seafarers at global level: Mansukh Mandaviya
  • HMM targets capacity of 100 m TEUs & $ 10 bn in annual revenue by 2022
  • SCFI Asia-US rates surge
  • SCI bags award & commendations in Dubai
  • UK freight forwarders not too happy with budget
  • Paradip Port implements innovative Mediterranean Mooring type of berthing
  • Snowman Logistics sees robust quarter-on-quarter growth
  • Govt has identified 12 champion sectors to promote exports: Suresh Prabhu
  • Shippers & LSP Business Forum on CTL 2018 in Vadodara generating tremendous response from fraternity

International Transport Journalweb site
  • Lucrative markets
  • Spanish food retailer goes for gas
  • Growth stemming from DB rivals
  • Award for Geodis Italy innovation
  • Another multimodal link from port of Barcelona
  • Fourth B747F in Cargologicair's fleet
  • Noerpel expecting excavators in Munich
  • Two new faces at Hill Dickinson Hong Kong
  • BBC and Seaboard go climbing on the Andes
  • Plans for new oil export terminal at Corpus Christi port
  • Qatar Cargo rolls out automated mail management system
  • Strong growth in domestic market
  • JV to improve rail infrastructure in Saudi Arabia
  • Guadeloupe Port Caraïbes sets up research alliance
  • "Curiosity of the Day"
  • Siemens and CDG Airport extend service contract
  • Goods going the high speed way in Italy
  • Istanbul says "yes", Mexicans vote "no"

IHS Maritimeweb site
OCTOBER 30, 2018
  • Corpus Christi takes on second shore-based VLCC project
  • ECSA presses EU to drive change in South Asian ship recycling
  • Small surplus, stable premiums at German defence club
  • Euronav runs up fresh losses in Q3 but says market is improving
  • Congo builds sea trade self-reliance
  • DEME chooses LNG over scrubbers
  • Euronav fires broadside against IMO 2020 scrubber drive
  • Uncertainty over future of Croatian shipbuilder Uljanik
  • Global Ship Lease in merger with Poseidon Containers
  • Safety 2: Digging deeper than human error to root causes of shipboard incidents
  • Pakistani recyclers switch focus to bulk carriers
  • Varun Chhabria to drive Greenergy's bunkering ambitions

The Loadstarweb site
OCTOBER 30, 2018
  • Air freight market heating up fast as the peak season gains height
  • Shipowners Global Ship Lease and Poseidon Containers to merge
  • HMM unveils ambitious plan to double box ship capacity with new ULCVs
  • Lufthansa Cargo stays positive as nine-month results bring good and bad news
  • IMO launches initiative to help remove plastic litter at sea
  • It's coming....The Loadstar Premium is set to launch next week
  • Pirates seize 11-strong crew of Maersk-chartered containership off Nigeria

Marine Logweb site
OCTOBER 30, 2018
  • ABS Executive Kirsi Tikka discusses IMO 2020 Sulfur Cap
  • Two-deck ferry will become four-deck cruise vessel
  • U.S. yard contracts boost ST Engineering marine sector order book
  • Deltamarin and Elomatic win MV Werften cruise ship design contract
  • Why Euronav is skeptical on scrubbers

Lloyd's Listweb site
OCTOBER 30, 2018
  • Ince chair pledges no diminution of shipping reach after Dadds takeover
    Ince & Co has been acquired by Gordon Dadds in a deal that will create the largest listed law firm...
  • Cosco Shipping Holdings suffers without state subsidies
    Excluding OOIL's contribution, liftings increased by 7.3% to 5m teu, while liner shipping revenue expanded 8.5% to Yuan22.6bn
  • Marine consultancy offers 'fresh thinking' on emerging risk exposure
    The tsunami of regulatory red tape engulfing shipping has opened the way to sell services to shipowners, charterers and insurers...
  • Shipping lines not future competitors, says leading forwarder
    Jens Bjørn Andersen says fowarders have a 'far larger value proposition' over their liner counterparts
  • Cutting CO2 output is the biggest challenge facing shipping
    No ifs, no buts - the goal is clear. Shipping needs to phase out CO2 emissions from shipping completely, ICS chair...
  • Rotterdam sees continued box growth
    Rotterdam handled 10.8m teu in the January-September period, a rise of 5.7% on 2017 levels
  • Piracy incidents blight Gulf of Guinea
    High alert in Gulf of Guinea as boxship crew abducted and two vessels attacked within an hour
  • DryShips buys four vessels from Economou unit
    The three newcastlemax bulkers and an aframax tanker will be delivered to DryShips before the end of the year
  • Cainiao books 1,000 containers for shopping festival
    Chinese e-commerce giant is expanding its online shopping extravaganza, which drives a tariff of 100m parcels across the country and...
  • Euronav warns against scrubbers
    Tanker owner suffers increased losses in the third quarter but remains confident of market fundamental improvements
  • Nicholas Inglessis elected chair of UK Club
    Industry veteran Greek has been director of Samos Steamship since 1991
  • EU sets out key tests for consortia block exemption
    Further container line consolidation would require extensive consideration and scrutiny by competition authorities before it could be approved, regulator says
  • Daily Briefing
    Ince goes public with Dadds deal | Why a Cosco-Sovcomflot tie-up might make sense | Overlooking safety is not being...
  • Cosco Shipping Ports maintains volume growth but sees weaker end to year
    Third-quarter volumes rose 11.1% to 30.8m teu as some of the equity terminals slowed down
  • China Merchants Energy Shipping to benefit from VLCC recovery
    Shenwan Hongyuan Securities estimates CMES's average VLCC TCE in 2018, 2019 and 2020 to reach $21,000, $30,000 and $50,000, respectively
  • MISC wins $176m FSO contract from Idemitsu Kogan
    The seven-year contract will be for work at the Sao Vang and Dai Nguyet Development Project offshore Vietnam
  • Global Ship Lease in merger deal with Poseidon Containers
    Global Ship Lease chief executive Ian Webber will continue as chief executive of the combined company

The Journal of Commerceweb site
OCTOBER 30, 2018
  • New ILWU leadership team certified
  • Cost of low-sulfur rule to shippers slowly comes into view
  • JNPT rail dwell times decrease again in September
  • CMA CGM levies low-sulfur surcharge on Asia-Europe
  • Infographic: NY-NJ port's quest for chassis fluidity
  • Shippers turn to technology for sharper supply chain vision
  • Top Europe ports tracking growth despite slowing Asian trade
  • US warehouse buildout can't dent record vacancy lows, rent highs

TradeWindsweb site
OCTOBER 30, 2018
  • Cosco Shipping Energy slumps to nine-month loss of $39m
    The Shanghai- and Hong Kong-listed tanker arm of Cosco suffers from weak tanker earnings amid fleet expansion.
  • Cosco Shipping Holdings sees profit fall
    Container giant Cosco Shipping Holdings has seen its third quarter profit fall despite the takeover of OOIL boosting its top line. OOIL set to flex its muscles, says new chairman Hong Kong-listed Cosco Holdings recorded net income of CNY 821.8m ($118m) in the three months to the end of September, down from CNY 872.4m 12 months previously. Revenue climbed from CNY 24.1bn to CNY 37m year-on-year
  • Warm, wet winter pressures capesize rates
    Downside risk in the capesize bulker market has emerged in the forms of a warm, wet winter in East Asia and underperforming Chinese imports of coal and iron ore, according to a Refinitiv analyst. While holding firm above $18,000 per day for most of October, the weighted time charter average for capes on the Baltic Exchange has failed to break the $20,000-per-day market. "The capesize market is f
  • Rodgers happy to fight 'lonely battle' against scrubber herd
    Euronav chief executive content to go against conventional wisdom in approach to IMO 2020.
  • Seabury Maritime strengthens top team
    Former Oldendorff and Maren Group execs to head digital and green units at US bank.
  • Grupo TMM posts small profit in third quarter
    Grupo TMM posted profits - if only tiny ones - for the third quarter of 2018. The Mexican shipowner reported MXN 1.2m ($59,893) in operating income made in the third quarter, for a total of MXN 50.5m through 30 September. Last year, the company had MXN 26.4m losses in the third quarter and MXN 45.2m in the first nine months of 2017. Revenues have dropped year over year, from MXN 1.8bn in the fi
  • Philippines warns of imminent pirate attack
    Abu Sayyaf terrorists plotting to kidnap crews in Sabah, coast guard says.
  • "Renegade" Oxygen Maritime tanker to be sold in Singapore
    UK court rules that Megacore Honami can be arrested after going "on the run" from creditor TMF in "flagrant breach" of covenant.
  • Judge bars Baltimore port workers from illegally striking
    A federal judge is keeping Port of Baltimore workers on the job after an apparent strike attempt shut down one of the port's terminals Monday. According to a complaint filed in Maryland district court by the Steamship Trade Association (STA) of Baltimore, mechanics and container handling equipment operators at the Seagrit Marine Terminal either walked off the job or never showed up, in defiance o
  • Tufton Oceanic Assets in black for third quarter
    Tufton Oceanic Assets was profitable in the third quarter as it continued to build up its fleet. London-listed Tufton Assets reported an operating profit of $0.018 per share for the period. Tufton Oceanic Assets takes full control of LPG carrier Tufton Oceanic Assets aims for $100m share sale The company, which has now invested its IPO proceeds and is eyeing further growth, paid a dividend of
  • Skangas inks supply deal with Gothia Tanker Alliance
    Skangas has inked a deal with members of the Gothia Tanker Alliance to supply LNG as a marine fuel to their ships. The deal covers both existing vessels and newbuildings owned by Furetank Reder, Erik Thun and Rederi AB Alvtank, a statement said. Furetank managing director Lars Hoglund said investing in LNG fueled vessels contributues to the Swedish Shipowners' Association's target for zero emiss
  • S Bulkers flips ship for profit within 12 months of purchase
    Athens-based S Bulkers is said to have struck a deal to dispose of a bulker at a profit, less than a year after buying it. Greece's Load Line linked to supramax from Nautical Bulk Stalwart sells final chemical tanker from its original fleet US brokers said the Dimitrios Souravlas-led shipowner has sold the 37,000-dwt Sea Bronze (built 2007) to a Vietnamese buyer for $11.5m. While lower than
  • Samos Steamship's Inglessis takes UK P&I Club chair
    Greek director takes over from Alan Olivier at insurer.
  • SDR refunds premiums for laid-up vessels
    German insurer also freezes fees in tough times for domestic sector.
  • Diana Shipping pays $63.25m to redeem notes
    Diana Shipping has set cash from a bond issue to work to repay established debt. New York-listed Diana closed a $100m bond issue in Oslo this summer and has now completed the redemption of a bond which was to fall due in 2020. It has paid $63.25m to redeem 100% of the notes.
  • Seaport Global positive on VLCC market recovery
    Seaport Global is backing the big tanker market to remain in balance next year following a stellar start to the fourth quarter boosted by seasonality and fresh sanctions against Iran. Analyst Magnus Fyhr says while investors are concerned about VLCC newbuilding delivered in 2019, he feels increased floating storage, scrapping ahead of IMO 2020 and rising US exports will assist the market next yea
  • Topaz snaps up Nam Cheong anchor-handlers
    Middle East owner boosts capacity as it returns to profit in third quarter.
  • Ship Finance International confirms sale of oldest tanker
    John Fredriksen-led Ship Finance International has confirmed that it offloaded its oldest tanker - but the buyer remains unknown. As TradeWinds previously reported, the Norwegian shipowner announced the $20.7m sale of the 300,000-dwt Front Ariake (built 2001) to an unnamed, but unrelated, company midday Tuesday. The deal includes a $3.4 million interest-bearing loan note from sister company Fron
  • Iranian sanctions 'really biting', says Paddy Rodgers
    Euronav chief explains the impact of changing trade patterns and idling of NITC fleet.
  • Nasdaq gives Globus Maritime thumbs up
    Globus Maritime is back in NASDAQ's good book. The Greek bulker owner said it was back in compliance with the exchange's $1 per share minimum closing bid price, after staying above the threshold from Oct. 15 to Oct. 26. Globus received word of its compliance in a letter Tuesday. The company's shares rose 0.9% to $6.14 in midday trading Tuesday.
  • NATO reports vessel hijacked off Congo
    Another ship came under attack in Gulf of Guinea, but is reported as safe.
  • Van Uden Shipping boss steers outfit to better times
    Julie van 't Hoff describes the challenges facing the Dutch group's shipping unit and details her rise to a managing director in the family firm
  • Euroseas preps stock sale and refinances in bid for expansion cash
    Euroseas is raising funds as it eyes opportunities to expand its fleet. The New York traded Greek shipowner announced Tuesday that it is looking to raise $4.2m through the sale of new shares. The company also revealed that in August, took out a $30m loan to refinance existing debt, in addition to help fund new acquisitions or provide working capital. "We constantly evaluate vessel purchase opp
  • Princess loses title after marrying NYK's Moriya
    Japan's Ayako no longer royal after ceremony with "commoner".
  • ICBC supramax stuck in Iran as sanctions loom
    Officials of giant Chinese bank's shipping department work to secure the release of detained vessel and avoid possible exposure to US measures
  • Bahri sees upturn in VLCC sector by mid-2019
    Executive of Saudi shipowning giant says sanctions against Iran should spur improvement in crude tanker trades
  • Wilson buys six bulkers from Stromberg
    Norwegian owner takes control of cargoships it was chartering from compatriot.
  • Euronav puts scrubbers in the spotlight amid third quarter loss
    New York-listed shipowner raises three key objections to exhaust gas cleaning systems.
  • Hill Dickinson expands Hong Kong team
    Law firm adds Edward Liu and Antony Cowie as counsel.
  • Bohai Ferry orders $60m ro-pax double
    Chinese owner opts for Yantai CIMC Raffles for fleet expansion.
  • Laskaridis: no offshore push after PSV buy
    Greek owner confirms auction acquisition but says it is one-off.
  • DryShips to buy four ships from Economou
    News of acquisitions comes as diversified shipowner reports another profitable quarter.
  • Noble expects third quarter loss due to restructuring expenses
    Hong Kong-based commodities trader says nine month losses will likely top $300m.
  • Global Ship Lease sees third quarter profit cut in half
    US-listed container leasing firm hurt by weaker rates from non-CMA CGM chartered tonnage.
  • Global Ship Lease to merge with Poseidon Containers
    Combination will create a company with a fleet of 38 vessels focused on mid-sized and smaller vessels. a

The Bunker Bulletinweb site
OCTOBER 30, 2018
  • Oil price drop gives breathing room but market not out of woods yet: IEA's Birol
    The recent drop in oil prices by around $10/b is a welcome change and gives breathing room to oil consumers, but the market is not out of the woods yet and the coming months will be very challenging, Fatih Birol, executive director of the International Energy Agency, said Tuesday.
  • Iranian VLCC Dover anchored off Batu Pahat, West Malaysia: cFlow
    The Iranian VLCC Dover was anchored and stationary off the coast of West Malaysia near Batu Pahat STS zone as of 0052 GMT Tuesday, having arrived Monday, at a time when all eyes are on Iran's crude and condensate exports with US sanctions snapping back in six days' time.
  • NYMEX contango eases after volatile session
    Contango in NYMEX crude futures eased in afternoon trading Tuesday, despite prompt-month declines across the oil complex.
  • TANKERS: Euronav upbeat on pre-IMO 2020 tanker market opportunities
    Dirty tanker owner Euronav believes it "should have the market rocking on our side" in 2019 and 2020, even without scrubber-fitted tonnage in the global 0.5% sulfur bunker fuel environment, a senior executive said during its third-quarter 2018 earnings call Tuesday.
  • Demand from Singapore for fuel oil leaves Europe short of product
    The European fuel oil market has become quiet dry as demand from Singapore has drawn vast volumes from typically net-long Europe, resulting in a spike in Suezmax freight rates, sources said Tuesday.
  • NWE M100 fuel oil slides on short cutterstock availability: sources
    Prices of Russian M100 fuel oil in Northwest Europe have begun to slide due to a lack of cutterstock in Europe and expensive gasoil, despite the active fuel oil arbitrage east.
  • China's Sinopec to supply first IMO 2020 compliant bunker fuel from Aug 2019
    LSFO being produced is being sent to laboratories for testing, with the tests expected to run till February next year, a source said.
  • External: Marine Bunkering(Rotterdam)B.V.
  • Singapore front month HSFO time spread at 3-month high on firm fundamentals
    Going into 2019, the HSFO market will likely stay backwardated as the overall supply tightens with the upcoming IMO 2020 rule.
  • Cracking margins pilot Asian sweet crudes amid tepid year-end buying
    An oversupply of condensates and an influx of Vietnamese crudes weighed down on trading outlook, sources said.

›››File
FROM THE HOME PAGE
Maritime traffic in the Suez Canal fell by 3.4% last year.
SHIPPING
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%.
SEAFARERS
The simplification law, rather than making things easier, complicates the lives of ship captains and burdens them with additional operational and legal responsibilities.
Genoa
LOGISTICS
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
SHIPPING
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.
PORTS
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%.
PORTS
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%)
PORTS
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
PORTS
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
PORTS
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%)
SHIPPING
Maersk and Hapag-Lloyd bring back India/Middle East-Mediterranean service via Suez
In 2025, ships transiting the Panama Canal increased by +14.1%
SHIPPING
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%)
PORTS
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
PORTS
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.
PORTS
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
PORTS
New crop of historic records harvested by Chinese ports
Beijing
In 2025, maritime ports handled 11.63 billion tons of goods (+3.7%)
PORTS
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
INDUSTRY
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.
PORTS
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
CRUISES
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.
PORTS
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.
RAILWAY TRANSPORT
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
RAILWAY TRANSPORT
FS Logistix increases weekly rotations on the Duisburg-Milan railway line from six to ten
Milan
Two daily connections are made in each direction
PORTS
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%
CRUISES
Valletta Cruise Port records record annual cruise traffic
London
In 2025, there were 963 thousand passengers (+2.3%)
SHIPPING
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.
PORTS
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
PORTS
First container transhipment operation in an Algerian port
Algiers
It happened on Sunday at the port of Djen Djen
TRUCKING
Truckers from Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia block borders
Belgrade
Week-long protest against the EU's new entry/exit system
NEWS
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
SHIPPING
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
SEAFARERS
New record of sailors abandoned by shipowners
London
In 2025, 6,223 crew members from 410 ships were abandoned
PORTS
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
PORTS
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
RAILWAY TRANSPORT
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
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.
PORTS
€3.1 million in unpaid regional maritime property fees recovered in Campanian ports
Naples
422 default notices to non-compliant dealers
PORTS
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
SHIPPING
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.
SHIPPING
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%
PORTS
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Marseille
Cruise passengers grow by +7%
SHIPYARDS
AD Ports has acquired the Spanish shipyard Astilleros Balenciaga.
Abu Dhabi
Transaction worth 11.2 million euros
SHIPPING
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
PORTS
COSCO Shipping Ports' terminals handled record container traffic last year
Hong Kong
Growth of +6.2% over 2024
PORTS
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
LOGISTICS
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%)
PORTS
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%)
PORTS
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.
NEWS
A ship coming from Russia was seized in the port of Brindisi
Toasts
Alleged violation of sanctions against the Russian Federation
RAILWAY TRANSPORT
FS Logistix takes over railway operations in Area 6A of the Port of Antwerp.
Antwerp
New generation hybrid locomotives will be used
SHIPPING
Greek Shipowners' Association urges EU to take measures to protect ships and crews
Piraeus
CRUISES
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%
PIRACY
In 2025, acts of piracy against ships increased by +18%
Kuala Lumpur
A 43% decrease in accidents was recorded in the last quarter
FREIGHT TERMINALS
InRail to manage the Interporto Pordenone intermodal terminal for a year
Pordenone
Temporary solution in view of the establishment of a public-private company
SHIPYARDS
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
PORTS
In 2025, cargo traffic in Ukrainian ports decreased by -15%
Kiev
Container traffic grows by 66%
PORTS
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%
PORTS
In 2025, PSA's port terminals handled record container traffic
Singapore
New peaks in volumes handled in Singapore and the group's overseas terminals
PORTS
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.
SHIPPING
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.
PORTS
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
PORTS
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
PORTS
Port of Singapore sets new all-time container throughput record
Singapore
The port confirms its position as the world's second largest container port
PORTS
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.
SHIPPING
Taiwan's Evergreen, Yang Ming and WHL close 2025 with double-digit revenue declines
Taipei/Keelung
PIRACY
In 2025, piracy attacks against ships in Asia increased by +23%
Singapore
The severity of accidents has decreased
PORTS
The Democratic Party accuses the government of blocking investments in ports and placing the Port System Authorities under special administration.
Rome/Genoa
COMPANIES
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.
SHIPPING
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
SHIPYARDS
TKMS submits non-binding offer to buy German Naval Yards
Kiel
The Kiel-based company builds naval vessels and luxury yachts
NEWS
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.
COMPANIES
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.
PORTS
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.
PORTS
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
PORTS
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
PORTS
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.
SHIPPING
In November, ship traffic in the Suez Canal increased by +16.0%
Cairo
In the first eleven months of 2025, 11,620 ships passed through (-4.8%)
PORTS
ABB to build shore power systems at three container terminals in the Port of Rotterdam
Rotterdam/Zurich
They will be able to recharge up to 32 container ships simultaneously
Cargo traffic in Chinese seaports grew by 5.8% last month.
PORTS
Cargo traffic in Chinese seaports grew by 5.8% last month.
Beijing
Foreign cargoes increased by 8.2%. Containers increased by 8.9%.
SHIPPING
Maersk orders eight 18,600 TEU dual-fuel containerships
Copenhagen
Built by New Times Shipbuilding Co., they will be delivered between 2029 and 2030.
PORTS
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
SHIPYARDS
Antin Infrastructure Partners acquires U.S. shipbuilder Vigor Marine Group
New York
It has shipyards in Seattle, Portland, Vancouver, San Diego and Norfolk
PORTS
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
SHIPPING
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
ENVIRONMENT
Study highlights challenges for LNG containerships in complying with future cold ironing connection requirements
Berlin/Hamburg
PROGRESS AND TECHNOLOGY
Fincantieri and Wsense reach agreement to offer cutting-edge underwater systems
Trieste
Co-development of advanced wireless technology solutions planned
ENVIRONMENT
Study finds high levels of persistent organic pollutants caused by shipbreaking activities
Brussels
PORTS
Port of Livorno: tender for ship-generated waste management begins
Livorno
The expected value of the contract is over 40 million euros
LOGISTICS
DSV revenue and profits impacted by Schenker acquisition
Copenhagen
In 2025, turnover grew by +48.0%
INDUSTRY
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.
COMPANIES
Dutch company Portwise has been bought by its compatriot Haskoning
Rijswijk
The company offers solutions for optimizing terminal operations through automation and electrification
SHIPPING
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
ACCIDENTS
In the Strait of Hormuz, armed vessels ordered a US tanker to stop
Southampton/London
INTERMODAL TRANSPORT
GTS announces new rail services between the port of Genoa and central and southern Italy.
Bari
Connections via the Segrate Milan terminal
SHIPPING
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
AVIATION
Kuehne+Nagel expands CargoCity South at Frankfurt Airport
Schindellegi
A new facility will be completed and taken over at the end of 2028
PORTS
AD Ports signs agreement to build and operate multipurpose terminal at Matadi Port
Abu Dhabi/Kinshasa
Relaunch of the Banana Deepwater Port Construction Project
SEAFARERS
Confitarma: The Revenue Agency's position risks having serious repercussions on Italian seafarers' employment.
Rome
ASSOCIATIONS
Bucchioni appointed pro tempore president of the Association of Freight Forwarders of the Port of La Spezia
La Spezia
PORTS
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
SHIPPING
ONE's quarterly financial performance declines further
Singapore
The volume of containerized cargo transported by the fleet remains stable
INSTITUTIONS
Laura DiBella's nomination for FMC presidency has been signed.
Washington
His term will expire on June 30, 2028.
PORTS
Port of Singapore saw record bunker deliveries in 2025
Singapore
PSA-MOL joint venture to manage a new ro-ro terminal
PORTS
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
INDUSTRY
ABB's new orders in a quarter exceed $10 billion for the first time.
Zurich
Growing demand in the maritime, port and railway sectors
LAW
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
COMPANIES
CSC Vespucci and Livorno Reefer will form a single platform dedicated to fruit and vegetable and exotic products in the port of Livorno
COMPANIES
Signal Ocean has acquired AXSMarine
Paris/London
The company offers web platforms to support the ship charter sector
SHIPPING
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
SHIPPING
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
SHIPPING
ICS has published its periodic analysis of flag state performance
London
COMPANIES
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.
PORTS
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
SHIPPING
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.
PROGRESS AND TECHNOLOGY
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.
PORTS
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
PORTS
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
PORTS
Last year, container traffic in the port of Valencia grew by +3.4%
Valencia
5,662,661 TEUs were handled
DEFENCE
Fincantieri wins Italian Navy contract to enhance naval vessels' cyber resilience
INDUSTRY
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
SAFETY & SECURITY
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
PORTS
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
INDUSTRY
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
YACHTING
Ferretti rejects KKCG Maritime's partial and conditional voluntary takeover bid.
Milan
Strong confidence in the company's long-term strategy reaffirmed
PORTS
Haropa Port sets new container traffic record
Le Havre
Last year, overall freight traffic increased by +2%
MOURNING
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"
PORTS
Marsa Maroc orders 106 electric terminal tractors from Terberg
Benschop
They will be employed in the port of Nador West Med
INTERMODAL TRANSPORT
Contargo acquires 50% of Cargo-Center-Graz Logistik
Mannheim
The German company extends its intermodal network to the Adriatic ports of Koper and Rijeka.
COMPANIES
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
PORTS
The Port of Long Beach handled record container traffic in 2025
Long Beach
In the last quarter, a decrease of -8.8% was recorded
SHIPPING
HMM to introduce AI-based autonomous navigation solutions on 40 vessels
Seoul
Contract with Avikus and agreement with KSOE
FREIGHT TERMINALS
Two new rail connections to Germany from the Padua Interport
Padua
They are operated by InRail and LTE Italia
SHIPPING
Intersea has become the general agent in Italy for the Portuguese GS Lines
Genoa
The shipping company is part of Grupo Sousa
PORTS
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
MARINAS
F2i has been awarded the concession for the Lavagna tourist port
Milan
The concession contract will have a duration of 50 years
OFFSHORE
Eni launches the hull of the Coral North FLNG
Geoje/San Donato Milanese
It will be used offshore Cabo Delgado, north of Mozambique.
LOGISTICS
Laghezza has acquired a logistics warehouse in Sarzana
La Spezia
The aim is to establish a local hub for local production activities.
PORTS
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
SHIPPING
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.
SHIPPING
Maersk confirms resumption of MECL transits through the Suez Canal
Copenhagen
The line connects India and the Middle East with the US East Coast
COMPANIES
Ignazio Messina & C. has acquired full control of Thermocar
Genoa
The Genoese company operates in the temperature-controlled refrigerated container logistics sector.
SHIPPING
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
SHIPPING
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
INDUSTRY
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
SHIPPING
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
INTERMODAL TRANSPORT
New intermodal connections between Northern Italy and Belgium by GTS Rail and CargoBeamer
Bari/Leipzig
Activated on the Padua-Zeebrugge and Liège-Domodossola lines
PORTS
Cruise traffic in the port of Piraeus increased by +9% last year
Piraeus
Approximately 1.85 million passengers moved
PORTS
In 2025, cruise traffic in the port of Genoa grew by +6.5%
Genoa
Ferry passengers down 3.6%
SHIPPING
Grimaldi took delivery of the PCTC Grande Manila
Naples
The vessel has a total capacity of 9,241 CEUs.
CRUISES
Expedition cruise ship Exploris One to be auctioned off
Nantes
It has a capacity of 144 passengers and 102 crew members.
COMPANIES
SeaCube Container Leasing has acquired Martin Container.
Montvale
The company specializes in the refrigerated container segment
LOGISTICS
Pisano: The Simplified Logistics Zone has great strategic importance for the port of La Spezia.
La Spezia
PORTS
RINA and HPC launch project to promote green ports in the Caspian region
Genoa
Five-year contract with the OSCE
SHIPYARDS
Vard to build four Multi-Purpose Robotic Vessels for Ocean Infinity
Trieste
The contract has a total value of over 200 million euros
PORTS
Hanseatic Global Terminals will become sole owner of Florida International Terminal
Rotterdam
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
INFORMATION TECHNOLOGY
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.
PORTS
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
OFFSHORE
Nexans sets a record for the depth of laying a high-voltage submarine cable on the Tyrrhenian Link
Paris
Installation at -2,150 meters
PORTS
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
INDUSTRY
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.
FINANCING
Intesa Sanpaolo is financing the construction of three PCTCs for Grimaldi Euromed.
Milan
The new ships will be delivered later this year
LOGISTICS
Medlog acquires Australian intermodal operations of Seaway
Fremantle
The transaction will be completed within the first quarter of this year.
SAFETY & SECURITY
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
COMPANIES
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
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
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
››› 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
ASSITERMINAL
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
ACCIDENTS
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.
COMPANIES
COSCO to acquire control of German logistics company Zippel
Hamburg
Agreement to acquire 80% of its capital
PORTS
Colombo Port Sets New Annual Container Traffic Record
Columbus
Sri Lanka Ports Authority signs agreement with French shipping group CMA CGM
COMPANIES
Viasat to exit British company Navarino's capital
London
ICG to support the Tsikopoulos brothers in reinvesting in the company
SHIPPING
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
RAILWAY TRANSPORT
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
OFFSHORE
Saipem wins $425 million offshore contract to develop the Sakarya gas field.
FREIGHT TERMINALS
The decree for the distribution of PNRR resources to interports has been signed.
Rome
The disbursement of 1.9 million euros is expected
SHIPPING
Messina, a Genoese company, launches a new service to Algeria.
Genoa
The rotation touches the ports of Fos, Genoa, Barcelona, Algiers, Fos
RAILWAY TRANSPORT
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
DEFENCE
WASS (Fincantieri Group) wins torpedo supply contract for Indian Navy
Trieste
Contract with a total value of over 200 million euros
INTERMODAL TRANSPORT
FHP Intermodal will become operational on January 1st
Milan
FHP Group completes the integration process between its subsidiaries CFI Intermodal and Lotras
ACCIDENTS
The Coral Adventurer cruise ship ran aground in Papua New Guinea.
Port Moresby
No harm to people on board
SHIPPING
d'Amico International Shipping orders two new MR1 product tankers from Guangzhou Shipyard International.
PORTS
Port of Gioia Tauro: Anchorage fee reduction approved again
Gioia Tauro
A total sum of 1.5 million euros has been allocated
LAW
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.
INTERMODAL TRANSPORT
Hupac will launch a new shuttle train service between Duisburg and Novara.
Noise
Schedule six rotations per week
PORTS
Ferry docking slots for Piombino and Elba Island in 2026 have been assigned.
Livorno
PORTS
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
CEREMONIES
The new hydrofoil terminal at the port of Messina will be named after a victim of femicide.
Messina
The initiative to remember Omayma Benghaloum
PORTS
Three new e-RTG yard cranes have arrived at the PSA Venice-Vecon terminal
Venice
Investment of 8.5 million euros
SHIPYARDS
Fincantieri delivers second multipurpose combat ship to the Indonesian Navy
Trieste
Ceremony at the Muggiano shipyard
JOBS
The employment contract renewal for transport and logistics company managers has been signed.
Rome
Signed today by Manageritalia and Confetra
SHIPPING
In June the Grendi group will equip itself with a fifth ro-ro vessel
Genoa
It will have a load capacity of 3,000 linear meters
RAILWAY TRANSPORT
Brussels has approved the loan to rescue the rail freight company Lineas.
Brussels
Sixty-one million euros granted by the Belgian government
RAILWAY TRANSPORT
Green Mobility Partners and KKR Partner to Create European Rail Leasing Platform
Frankfurt
American company invests in GMP
OFFSHORE
Saipem wins offshore EPCI contract in Qatar
Milan
The contract is worth approximately $3.1 billion.
INDUSTRY
Wärtsilä sells its Gas Solutions division to German private equity firm Mutares.
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