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02 October 2026 - Year XXX
Independent journal on economy and transport policy
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Original news
ACCIDENTS
Attacked a tanker in Hormuz
The unit continued sailing regularly
Southampton
October 2, 2026
Today the British agency UKMTO received notice of a new incident in the Strait of Hormuz involving a ship tanker leaving the Persian Gulf. The tanker was hit by a bullet that caused a small fire, which and a blackout. The ship continued regularly navigation.
››› News file
FROM THE HOME PAGE
LNG Ships and Taxonomy: EU Court Rejects Lack of Methane Limits
The Commission will have to set a methane emissions threshold for maritime transport criteria. The appeal by three NGOs was partially upheld.
PORTS
Ports: The EU Commission calls on Italy to reject the national flag requirement for towing and mooring.
Brussels
France and Spain also received a reasoned opinion: two months to comply with the regulation on port services.
ACCIDENTS
Another ship attacked in the Strait of Hormuz
Southampton/Tehran
Iran faces a shortage of basic goods, which are also imported through the Persian Gulf.
INFRASTRUCTURE
European Corridors: Italy Faces the 2030 Challenge
Brussels
National infrastructure largely compliant, but timing and funding of key projects remain uncertain
TRANSPORTATION
Electrification of ports and airports: the electricity grid is the new bottleneck
Brussels
Transport & Environment calls for speeding up connections and moving beyond the "first come, first served" criterion.
PORTS
Boluda manages the multipurpose terminal at the Príncep d'Espanya pier in the port of Barcelona
Barcelona
The concession contract will have a duration of 16 years
AIRPORTS
The current value of Aeroporto di Genova Spa is between 14.9 and 15.9 million euros.
Genoa
PwC's assessment presented
PORTS
FEPORT: EU ETS should not push transhipment out of Europe
Brussels
The terminal operators' federation calls on the ENVI commission to strengthen measures against tax evasion and to allocate part of the ETS revenues to ports.
ACCIDENTS
New series of attacks on ships in the Strait of Hormuz
Southampton/Tehran/Tampa
Three tankers hit by shells. Another vessel caught fire.
Eurokai, higher revenues but lower profits
COMPANIES
Eurokai, higher revenues but lower profits
Hamburg
Revenue up 14.4% and traffic up 8.3%, but net profit fell by 8.3% due to the lower share of Eurogate.
PORTS
Genoa's boarding tax: the Regional Administrative Court rules in favor of the City Council.
Genoa
The appeal of shipowners and shipping agents was rejected
Carnival reports record revenues and profits in the June-August quarter despite a 36% increase in fuel costs.
CRUISES
Carnival reports record revenues and profits in the June-August quarter despite a 36% increase in fuel costs.
Miami
Customer deposits are at their highest. Prices and occupancy are expected to record next year.
Winners and losers in port connectivity: the long journey of Italian ports' ups and downs.
PORTS
Winners and losers in port connectivity: the long journey of Italian ports' ups and downs.
Geneva
UNCTAD indices reveal a changing Mediterranean: Italy slips to seventh place, La Spezia, Trieste and Vado Ligure grow, while the South loses ground.
TRUCKING
Electric trucks more affordable than diesel in six major EU markets
Brussels
According to T&E, in countries that account for 46% of European sales, electric vehicles have already become cheaper in five years. Italy, Spain, and Poland are lagging behind.
PORTS
AP Moller Capital to acquire majority stake in Euroports
Copenhagen/Antwerp
R-Logitech will exit the capital, while PMV and SFPIM will remain shareholders
PORTS
China, exports are growing but ports are slowing down
Beijing
In August, global foreign trade increased by +19.8%, but international goods handled by seaports decreased by -2.3%.
EDITORIAL
From Puertos del Estado to Ports of Italy: the same inspiration, an opposite outcome.
Genoa
For port reform, the government is referring to the Spanish model, but is building the exact opposite: yet another counter that the Italian corporate spirit knows how to invent so well.
SHIPPING
Maritime ETS: Brussels opens up to hybrid and electric ferries, but Interferry demands more.
Brussels
The proposed revision strengthens the SMAP mechanism but leaves the issue of port networks and infrastructure to AFIR and FuelEU Maritime
ACCIDENTS
Seafarer killed aboard bulk carrier attacked in the Strait of Hormuz
New Delhi/Southampton/Tehran
The other crew members were rescued.
PORTS
Freight traffic in the ports of Genoa and Savona-Vado continues to oscillate between signs of recovery and slowdown
Genoa
In July, volumes increased in both Ligurian ports
TRUCKING
Trasportounito offers an automatic system to adjust road haulage rates to the price of diesel.
Rome
SEAFARERS
Seafarers, five years after the Code of Conduct, the gap between policy and reality remains.
London
Shipping companies' compliance is growing, but issues remain regarding fatigue, psychological safety, complaints and recruitment fees.
SHIPPING
Last month, ship traffic in the Suez Canal increased by +26.9%
Ismailia
In the first eight months of 2026, it was crossed by 9,602 ships (+17.4%)
INFRASTRUCTURE
Decision on crucial rail section of Scandinavian-Mediterranean Corridor in Germany postponed again
Hamburg
German port operators are calling for an acceleration of both new infrastructure and the upgrading of the existing line.
LOGISTICS
Kuehne+Nagel agrees to long-term strategic partnership with Amazon
Schindellegi
The agreement includes a call option on existing shares of the logistics group
SHIPYARDS
MSC in talks to acquire German shipbuilding group Meyer Werft
New York
Currently, 80.73% of the capital is held by the German Federal Government and the State of Lower Saxony.
SHIPPING
Trafigura creates a new shipping company dedicated to oil transport
Geneva
Initially Volare Shipping has a fleet of six VLCCs plus eight under construction
SHIPYARDS
Shipowners are calling on EU member states to approve the inclusion of two Indian shipyards in the European list of ship recycling facilities.
Brussels
EDUCATION
The new headquarters of the Italian Merchant Marine Academy has been inaugurated in Genoa.
Genoa
PORTS
French ports see a balance between increases and decreases in the second quarter.
Paris
Total traffic reached 71.1 million tons (-0.2%). Containers increased by 8.1%.
PORTS
The Genoa Port Master Plan, the Pra' dock, and the Multedo chemical depots are the thorniest issues in the discussions with operators and the local community.
Genoa
SHIPPING
Crosetto: The Italian Navy will ensure the safe transit of Italian ships through the Strait of Bab el-Mandeb.
La Spezia
We have - the Minister of Defense underlined - the capabilities to protect its passage
PORTS
Assiterminal: Seabed certainty and planned dredging are essential for port competitiveness.
Genoa
Mordeglia: We don't just need a simpler rule, we need a predictable one.
PORTS
Germany is reforming VAT to make its ports more competitive.
Hamburg
The Conference of Finance Ministers approves the compensation model that should eliminate the pre-financing of the tax from 2030
SHIPPING
Saudi Arabia denounces that the Houthis are pursuing a policy aimed at "strangling the Straits", holding the international community hostage
New York
The UN Security Council is divided between condemnations and calls for negotiations.
TRADE
WTO: A reform of the trading system could increase global GDP by 3% by 2050
Geneva
The World Trade Report 2026 warns of the costs of fragmentation: up to 7% less global GDP in a world dominated by free trade agreements
SAFETY & SECURITY
One in ten containers is not up to standard
Washington
WSC publishes 2025 inspection data: out of 93,079 units inspected in seven countries, 9,645 had deficiencies
The World Shipping Council (WSC), the international association representing the world's leading container shipowners, has urged member states...
SHIPPING
Maersk and Hapag-Lloyd to bring back four services on the Suez Canal route
Copenhagen/Hamburg
The lines connect Asia with Europe/Mediterranean
PORTS
Neri and Nova Marine Carriers Groups to Control Calata Orlando Terminal
Lugano
The Livorno terminal will be the subject of a significant investment
PROGRESS AND TECHNOLOGY
Cavotec and EVIAS sign agreement for charging electric port vehicles on the move.
Stockholm
The Swedish company becomes the exclusive distributor and installer for the port sector of the French company's technologies
SHIPPING
Hapag-Lloyd signs agreement with DP World to secure terminal capacity in Africa
Hamburg
The agreement concerns the ports of Dakar, Luanda, Dar es Salaam, Banana and Maputo
The threat to shipping in the Red Sea grows as Houthis seize Perim Island.
SHIPPING
The threat to shipping in the Red Sea grows as Houthis seize Perim Island.
Sana'a/Hamburg
German shipowners warn that the possibility of returning to the Suez route is further removed
ACCIDENTS
New attacks on ships in the Strait of Hormuz
Southampton/Tehran
IRGC Navy strikes US naval drone
PORTS
Port of Long Beach reports record container traffic for August
Long Beach
In the first eight months of 2026, volumes grew by +1.3%
SHIPPING
WSC reports that containers full of lithium batteries can be shipped without being identified as dangerous goods
Washington
Kramek: People, ports, ships and the marine environment at risk
SHIPPING
T&E, the EU Commission's proposed revision of the ETS for shipping is a hesitant step forward.
Brussels
If the system is extended to small naval units - the association highlights - however, exemptions and derogations risk nullifying its climate impact.
Transalpine rail freight traffic still under pressure despite economic recovery
TRANSPORTATION
Transalpine rail freight traffic still under pressure despite economic recovery
Bern
The road runs faster than the rail
Artificial intelligence drives global trade, despite Middle East and tariffs
TRADE
Artificial intelligence drives global trade, despite Middle East and tariffs
Geneva
The WTO's barometer is rising. Demand for semiconductors and electronic components is offsetting geopolitical tensions.
PORTS
Green light for €1.35 billion in investment in the port of Bremerhaven.
Bremen
It is the largest amount of funding the federal government has ever allocated to a project in the state.
PORTS
APM Terminals Signs Agreement to Develop Nigeria's Badagry Port
Copenhagen
Four kilometers of docks with a draft of -18 meters would be built
COMPANIES
Renaissance Partners has signed a binding agreement to acquire De Wave Group.
Genoa/Milan
The Genoese company will be sold by the American company Platinum Equity
SHIPPING
Decarbonizing shipping: a €36 billion challenge and a €45 billion opportunity for Italy
Cernobbio
Without investments in ports, Italy risks losing 80 billion euros in added value by 2050.
SHIPYARDS
Canadian unions want BC Ferries to build new ferries in British Columbia
Delta
The company's latest order was to Chinese company CMI Weihai
PORTS
Filt, Fit, and Uilt should withdraw the amendment that puts port businesses and cooperatives at risk under Article 17.
Rome
The unions fear the progressive replacement of a structural function of the port with precarious forms of work
SHIPYARDS
Norwegian Nor Cruises signs MoU with China's SWS for 2+3 new cruise ships
Shanghai
The units would have a gross tonnage of 84,000 tons
SHIPPING
In July, ship traffic in the Suez Canal increased by +27%
Cairo
In the first seven months of this year, maritime traffic was 8,244 ships (+15.9%)
INTERMODAL TRANSPORT
Tomorrow Kombiverkehr will launch an intermodal connection between Regensburg and the Interporto Quadrante Europa
ACCIDENTS
Tanker attacked in Hormuz
Southampton
The unit continued its navigation regularly
RAILWAY TRANSPORT
FS Logistix and Interporto Bologna presented the first Italian experimental DAC train
MEETINGS
Assologistica event to discuss the Mediterranean strategy for Italian competitiveness
Rome
It will be held next October 30th in Naples
HEALTHCARE
Sanilog launches a special cancer prevention campaign.
Rome
Three new areas dedicated to the prevention of head and neck and oral cavity cancers and the assessment of vascular risk
PORTS
Contract awarded for dredging and completion of the electrification of the docks at the port of Gioia Tauro.
Gioia Tauro
They will be carried out respectively by Dravo and RTI Saet-Suardi
AWARDS
Student Naval Architect Award Awarded in Genoa
Genoa
The d'Amico Group and the Royal Institution of Naval Architects recognize excellence in naval engineering.
TRANSPORTATION
Freight transport is more expensive for Malta: €35 million per year between ETS, FuelEU and BAF
Zebbug
The hauliers' association calls on the government to challenge a European policy designed for the continent.
LOGISTICS
CMA CGM has finalized the acquisition of FedEx Supply Chain.
Marseille/Atlanta
With the transaction, CEVA Logistics' presence in North America has tripled.
SHIPPING
Contships to order 10 feeder vessels with options for a further 10+10
Athens
Letter of intent with China's Hubei Guangji Green Energy Shipbuilding Group Co.
PORTS
DP World signs agreement to develop deepwater port in Nigeria's Ogun State.
Dubai
The project includes approximately four kilometers of docks
PORTS
New port regulations for Civitavecchia, Fiumicino, and Gaeta have been approved.
Civitavecchia
The procedural agreement with Interminal in Gaeta has been approved.
MARITIME SERVICES
Kotug Acquires Majority Stake in Vortex Offshore
Rotterdam
The Dubai-based company provides maritime services to the offshore industry in the Middle East.
PORTS
Over €1.9 billion in Spain to improve road and rail connections between ports
Madrid
Port authorities will contribute 875.1 million euros
SHIPPING
Attica Holdings sold the ro-pax vessel Levka Ori for €8.3 million.
Kallithea
The ferry was built in 1987
SHIPPING
DFDS's Trieste-Damietta ro-ro service will become bi-weekly in mid-October
Copenhagen
Inserting a second vessel into the route
EDUCATION
The Italian Merchant Marine Academy increases cooperation with the Port of Durres.
Genoa
A memorandum of understanding has been signed
PUBLICATIONS
A volume on the history of the Tuscan port system will be presented in Livorno on Friday.
Livorno
A comparison of the key players in the port sector: from the reforms of the 1990s to the challenges of the future.
SHIPPING
Suardiaz takes delivery of a 5,000-car LNG-powered car carrier
Madrid
A second PCTC vessel is expected in mid-2027
SHIPPING
Hapag-Lloyd raises its 2026 outlook further
Hamburg
Strong demand and rising spot freight rates are pushing the company to significantly increase its EBITDA and EBIT forecasts.
MEETINGS
UNIPORT's public meeting will be held in Rome on October 6th.
Rome
Debate on port reform and other relevant aspects of the sector
PROGRESS AND TECHNOLOGY
Pilot project for the production and use of green hydrogen at the port of Savona
Savona
Paroli (Western Ligurian Port Authority): a port area has been identified for work.
INTERMODAL TRANSPORT
Tarros and Nurminen Logistics launch new Scandinavian-Mediterranean intermodal service
La Spezia/Helsinki
The land route connects Örebro, Parma and La Spezia
INFRASTRUCTURE
The first caisson of the breakwater protecting the regasification plant off the coast of Ravenna has been laid.
Ravenna
The maritime work will be approximately 900 metres long
SHIPYARDS
Fincantieri and PT PAL sign agreement for the modernization of an Indonesian Navy vessel
Trieste
This is the "Kri Sriwijaya" unit (formerly "Giuseppe Garibaldi")
ECONOMY
In Italy, the blue economy is worth 225 billion, and the nautical industry alone exceeds 10 billion in exports.
Rome
SACE's Focus On presented at the Genoa Boat Show
ACCIDENTS
Fire aboard the Blue Star Ferries ro-ro vessel Blue Carrier 2
Kallithea
The 29 people on board were evacuated
SHIPYARDS
Costs and timescales for the reconstruction of the four US Navy shipyards are rising exponentially.
Washington
If in 2018 21 billion dollars and 20 years of work were expected, today the estimate is 200 billion and at least 50 years.
SHIPPING
Shipping faces its triple challenge: decarbonization, geopolitics, and the new geography of the automotive industry.
Chaff
At the Euromed Convention in Grimaldi, the sector is dealing with new environmental regulations, increasingly exposed routes and the shift of automotive production towards Southeast Asia.
DEFENCE
Orizzonte Sistemi Navali signs a €3.7 billion contract for two destroyers
Trieste
The "Domenico Millelire" PPA has been delivered to the Navy.
LAW
Livorno: The Supreme Court of Cassation overturns the convictions in the Darsena Toscana docks affair.
Rome
The appeal ruling overturned the court's acquittal and convicted three defendants of ideological forgery.
PORTS
The Port of Rijeka expects to close 2026 with a record container traffic of 800,000 TEUs.
River
With the new terminal on the island of Krk, traffic could rise to 1.7 million TEUs
PORTS
Offshore wind energy funding: Pichetto reassures Taranto, but Taranto demands certainty.
Taranto
The 2026 funding for the Apulian port drops to €13.9 million. Gugliotti hopes for a formal confirmation of the remaining resources in 2027.
PORTS
Port reform: The majority pushes ahead with Porti d'Italia SpA
Rome
The Chamber's Transport Committee rejects the opposition's suppressive amendments.
PORTS
Gela's Porto Rifugio has received a favorable opinion for dredging the port's waters.
Palermo
INTERMODAL TRANSPORT
Greenbrier Europe to produce NIK transshipment system for TX Logistik
Troisdorf/Berlin
Allows rapid loading of non-craneable semi-trailers onto trains
LOGISTICS
Maersk opens its own logistics center in the heart of Germany
Herleshausen
Located in Herleshausen, it has a surface area of 71,800 square meters
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
SHIPYARDS
South Korea's HJ Shipbuilding & Construction Co. wins orders for four new 10,100 TEU containerships
Busan
The contract has a total value of approximately 500 million dollars.
PORTS
Democratic Party: The government's port reform paves the way for privatization of Italian ports.
Rome
Ghio and Misiani: it also takes resources and skills away from the territories
PORTS
Port self-production: The Council of State denies the segmentability of the authorization pursuant to Article 16, paragraph 3.
Rome
Cartour's "partial" authorization in the port of Salerno has been suspended.
CRUISES
Port of Miami closes fiscal 2026 with record cruise traffic
Miami
The threshold of ten million passengers has been exceeded, compared to 8.56 million in the previous financial year.
SHIPPING
The Grimaldi Group has taken delivery of the new pure car and truck carrier Grande Egitto.
Naples
Its load capacity reaches 9,800 ceu
MEETINGS
Port reform will be discussed in Genoa on October 2nd.
Genoa
Workshop organized by the AdSP and the Altero Matteoli association
LOGISTICS
Fratelli Cosulich strengthens its logistics network with the opening of Express Global Dubai
Dubai
Teresa Cosulich will be responsible for the new logistics office.
MEETINGS
"A Sea of Switzerland" will be held in Lugano on October 9th
Lugano
Ninth edition of the International Forum on Transport and Infrastructure
SHIPPING
Brullo Group orders three 40,800-ton deadweight oil/chemical tanker vessels
Rome
Order to the Chinese shipyard Anhui Shipyard
ACCIDENTS
New attack on a ship in the Strait of Hormuz
Southampton
A bullet caused minor injuries to two crew members
YACHTING
A new megayacht production, maintenance, and storage hub opens in Trieste.
Trieste
Trieste Shipyards was founded by Seadock (Samer group) and Yachting Expertise and is owned by Friulia
SAFETY & SECURITY
Confitarma applauds the government's initiative to protect Italian ships in the Red Sea.
Rome
Zanetti: Maritime security is, in effect, a component of national economic security
JOBS
Unions approve the platform for the single collective bargaining agreement for the shipping industry.
Rome
Filt, Fit and Uilt, is structured around three central elements such as salary, protection, participation and thirteen concrete requests
RAILWAY TRANSPORT
FHP Intermodal is increasing the frequency of its freight rail service between Fiorenzuola and Incoronata/Bari.
Milan
It goes up to five days a week
YACHTING
This year over 2,000 large yachts operated along the Italian coasts
Rome
Plus 10% for owned boats and a substantially stable trend for chartered ones
MEETINGS
The event "Cyber-resilience in the maritime sector: defense, regulations, and European cooperation" will be held in Rome on Tuesday.
Rome
It is organized by Var Group and Confitarma
COMPANIES
Smeup, with the acquisition of HTG, expands its portfolio in the logistics and transport sector
Erbusco
The Turin-based company specializes in the development of proprietary software
PORTS
Saudi Arabian ports: Liquid bulk throughput to decline sharply in 2025
Riyadh
Total traffic fell to 298.3 million tonnes (-10.9%)
PORTS
A delegation from the Lithuanian port of Klaipeda visited the port of Livorno
Livorno
In-depth comparison of their respective infrastructure development plans
SHIPPING
New OOCL service between the Western Mediterranean and Canada
Hong Kong
Collaboration with Ocean Alliance companies and other carriers
MEETINGS
The port's future is at the center of the event celebrating the 80th anniversary of Assosped Venezia and Asamar Veneto.
Venice
A conference on Friday will be the highlight of the festival
PORTS
Increase in port workers at the ports of Monfalcone and Milazzo
Rome
Green light from the General Directorate for Ports, Logistics and Intermodality of the Ministry of the Interior.
PORTS
Cargo traffic in Greek ports is sharply declining
Piraeus
Stagnation in passenger numbers
RAILWAY TRANSPORT
Mercitalia Shunting & Terminal has purchased eight Eurolight Dual bimodal locomotives
Rome
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
Assologistica event to discuss the Mediterranean strategy for Italian competitiveness
Rome
It will be held next October 30th in Naples
MEETINGS
UNIPORT's public meeting will be held in Rome on October 6th.
Rome
Debate on port reform and other relevant aspects of the sector
››› Meetings File
PRESS REVIEW
Cosco Shipping arm readies China IPO to capitalise on global shipbuilding wave
(South China Morning Post)
Rosatom expects cargo traffic along Northern Sea Route to rise 14% in 2026 - CEO
(Interfax)
››› Press Review File
FORUM of Shipping
and Logistics
ASSITERMINAL
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
PORTS
Container traffic in the port of Hong Kong grew by 22.1% last month.
Hong Kong
Total for the first eight months of 2026 unchanged
MEETINGS
AGV Expo, a new European trade fair dedicated to self-guided vehicles, will be held in Piacenza next month.
Genoa
The event will also host a rich program of conferences
TRUCKING
Massive transnational fraud discovered in the road haulage sector
Chieti
Illegal employment of non-EU workers
PORTS
Cargo traffic at the port of Singapore decreased by -4.9% in August
Singapore
In the first eight months of 2026, the port handled 30.7 million containers (+4.2%)
SHIPYARDS
Cochin Shipyard and Drydocks World to jointly develop new international ship repair center in Cochin
Mumbai
ACCIDENTS
An Iranian merchant ship was hit in the Strait of Hormuz
Tehran/Southampton
One sailor died and four other crew members were injured.
PORTS
In July, freight traffic in the port of Ravenna grew by +6.7%
Ravenna
A sharp decline of -21.2% is expected for August
TRUCKING
Giulio Stoppa is the new general secretary of Trasportounito
Rome
A choice of continuity that at the same time marks the beginning of a new phase
CRUISES
The launching ceremony of Viking Astrea took place at the Fincantieri shipyard in Ancona
Ancona/Los Angeles
Viking's Board has authorized a share buyback program of up to $1 billion.
SHIPYARDS
Meyer Werft begins construction of the Carnival Tropicale cruise ship
Papenburg
With a gross tonnage of 180,000 tons, it will be able to accommodate over 6,000 passengers.
RAILWAY TRANSPORT
VTG sells its UK subsidiary VTG Rail UK to pension fund USS
Hamburg
The company operates in the railway freight wagon leasing sector.
SAFETY & SECURITY
The Genoa Coast Guard reaches its 100th Port State Control inspection of 2026.
Genoa
More than 250 deficiencies have been detected so far
PROGRESS AND TECHNOLOGY
ABB and Oceanly collaborate to integrate and optimize ship performance and operations
Genoa
PORTS
Strategic agreement between Federlogistica and the Port of Xiamen
Genoa
Feasibility study for a maritime connection between the Chinese port and Genoa
PORTS
Container traffic at the Port of Los Angeles remained stable in August
Los Angeles
The increase in empty garages has offset the decrease in full ones
COMPANIES
Gulftainer to acquire stake in Thailand's Suksawat Terminal
Sharjah/Bangkok
It is located on the Chao Phraya River, in Bangkok
SAFETY & SECURITY
Robo.ai establishes a company specializing in maritime and submarine security
Abu Dhabi
Al-Mansory: We will produce locally and provide solutions for markets around the world
INTERMODAL TRANSPORT
Kombiverkehr has taken full control of Spanish company Combiberia
Frankfurt am Main
The shares were acquired from the other 20 members
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