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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
September 23, 2005
The Business Timesweb site
Shipping News
  • India's Transworld to launch first newbuild
    THE Transworld shipping group of India is seeing a dream fulfilled today at a Singapore shipyard.
  • Yang Ming, Wan Hai in cargo space sharing deal
    TAIWAN's Yang Ming Marine and Wan Hai Lines have sealed a deal to share cargo space aboard vessels on routes between China and the Middle East to cut costs and expand services, the companies said on Wednesday.
  • Master charged for being drunk
    THE master of the UK emergency towing vessel Anglian Sovereign, which ran aground off the Shetlands on Sept 3, has been charged in court with five offences, including one of being drunk.
Admiralty Casebook
  • UK port owner negligent in damaged cargo ship case
    THE English Commercial Court ruled last week that the owners and operators of a UK port negligently caused damage to a cargo vessel because they failed to ensure a 'daily system of careful inspection and regular dredging' of their berths.

The Business Timesweb site
Shipping News
  • India's Transworld to launch first newbuild
    THE Transworld shipping group of India is seeing a dream fulfilled today at a Singapore shipyard.
  • Yang Ming, Wan Hai in cargo space sharing deal
    TAIWAN's Yang Ming Marine and Wan Hai Lines have sealed a deal to share cargo space aboard vessels on routes between China and the Middle East to cut costs and expand services, the companies said on Wednesday.
  • Master charged for being drunk
    THE master of the UK emergency towing vessel Anglian Sovereign, which ran aground off the Shetlands on Sept 3, has been charged in court with five offences, including one of being drunk.
Admiralty Casebook
  • UK port owner negligent in damaged cargo ship case
    THE English Commercial Court ruled last week that the owners and operators of a UK port negligently caused damage to a cargo vessel because they failed to ensure a 'daily system of careful inspection and regular dredging' of their berths.

Sched Netweb site
  • Cosco Guangzhou pulls out of Coscol share transaction
  • Korean, Chinese forwarders form business
  • GAC strengthens Russian network with St Petersburg office
  • Schenker opens new logistics centre in Poland
  • Call for immediate additional Indian port facilities made
  • Savi launches SaviTrak with first RFID-tagged boxes
  • Boeing expects China's air fleet to quadruple by 2025
  • Australia to upgrade airport security
  • Continental to fly non-stop from NY-Barcelona

Exim Indiaweb site
  • MOL to launch India, Pak, S & E Africa service
  • US Customs to phase-in new packaging material rules
  • Nord Scan Line & Sai Freight to launch heavy lift service on Indian coast
  • Instt. of Chartered Shipbrokers' course in Hyderabad on Oct. 22
  • GE Shipping signs deal to sell Jag Radha
  • Authorised trade between India, Pak swells
  • L&T bags major export orders
  • PLL's Dahej terminal now normal
  • CONCOR's KDS to ICD-Birgunj cargo transport service elicits excellent trade response
  • Railways to conduct need-based assessment of old projects
  • Road transporters demand immediate rollback of state tax hikes
  • BA World Cargo halts fuel surcharge hike
  • Cargo airlines flying into record profits
  • Freight futures market matures with entry of clearing houses
  • India is a potential iron ore powerhouse, avers BHP Billiton

International Transport Journalweb site
SEPTEMBER 22, 2005
  • Van Slobbe to quit PONL/Maersk Line
  • CaroTrans begins Houston-Buenos Aires-Santos service
  • LAN Cargo increases capacities to Brazil
  • Fiege Logistik (Switzerland) expanding services
  • Kuehne + Nagel opens new Finland logistics centre
  • New road toll proposals in Oregon
  • Beständig Logistic selects Euro Telematik

Maritime Global Netweb site
SEPTEMBER 22, 2005
  • Texan ports brace as Rita increases to Category 5
  • Frontline bid for Bergshaven fails
  • Skaugen orders LPG/ethylene/chemical vessels
  • MAIB calls for national standards for UK pilots
  • Newhaven Port slammed in groundings probe

Marine Logweb site
SEPTEMBER 22, 2005
  • Sembcorp Marine unit to purchase Texas yard
  • ENSCO orders ultra deepwater semi
  • Coast Guard Admiral to head Rita response in Texas
  • Manitowoc's Toledo files layoff notification
  • Rita races towards Texas

World Wide Shipperweb site
SEPTEMBER 22, 2005
  • Portland Airport employees heading to New Orleans
  • US/Mexico come to terms on new aviation agreement
  • Willamette Falls Locks closing for winter season
  • Carnival sending new liner to British cruise sector
  • Customs drops ACE need for estimated duties bond

Lloyd's Listweb site
  • Brussels admits single-hull phase out will damage environment
    SHIPS scrapped as the result of the European Union's single-hull phasing out programme will cause environmental damage and health problems for workers in the third world, the European Commission has admitted.
  • Danes retain majority hold on Maersk Line senior management team
    P&O NEDLLOYD staff have landed some top jobs in the new Maersk Line but the senior line-up is still overwhelmingly Danish.
  • Newhaven port operator censured over safety lapses
    NEWHAVEN Ports and Properties has been heavily censured for serious safety failings after a spate of ferry groundings at the English south coast port.
  • Pappadakis takes Intercargo helm
    GREEK shipowner Nicholas Pappadakis has pledged to keep up pressure for improvement of maritime training as a priority, shortly after being elected as new chairman of the International Association of Dry Cargo Shipowners.

Fairplayweb site
SEPTEMBER 22, 2005
  • SNCM strike action intensifies
    UNIONS representing employees at French ferry operator SNCM have called for an indefinite strike beginning on 28 September to protest against the privatisation of the company
  • Silja Line unveils action plan
    SILJA Line, the troubled cruise ferry subsidiary of Sea Containers, has unveiled an action plan that calls for newbuildings, refits and job losses
  • TTS Marine confirms Kocks takeover
    NORWEGIAN marine equipment supplier TTS Marine has confirmed its takeover of German supplier Kocks
  • Indians may go for Chinese officers
    INDIAN-flagged operators are finding it harder to attract domestic officers and are looking to China to man Indian ships
  • Fox backs Pemex investment plea
    PEMEX, Mexico's oil giant, could finally get much needed foreign investment under a proposal to Congress yesterday from President Vicente Fox
  • Gujarat to revive dying demolition
    GUJARAT Maritime Board is to try to revive the state's dying shipbreaking industry, especially in Alang, Asia's largest ship demolition site
  • Frontline's Bergshaven bid fails
  • Poor checks encourage cargo fraud
  • Houston closes to await Rita
  • Rita energy fears worsen
  • Mitsui in Siberia mine partnership
  • National Marine swoops on Lorenzo
  • STX may appeal against LNG shut-out

The Journal of Commerceweb site
SEPTEMBER 22, 2005
  • Hurricane Rita shuts Texas ports
    Traffic (left) streams out of Houston near the Barbours Cut terminal as Category 5 storm Rita moves toward expected landfall early Saturday.
  • Opposition to Jones Act ag waiver
  • Barone testifies in ILA trial
  • Customs lifts ACE bond rider
  • Rooney to lead Hanjin Americas
  • Trailer Bridge appoints inland VP
  • U.S., Mexico in air pact
  • Continental trims Houston cargo services for hurricane
  • Hurricane halts Texas coast rail moves
  • Exec says Katrina a supply chain wake-up call

Containerisation Internationalweb site
SEPTEMBER 22, 2005
  • Toronto trucker conflict hitting container flows
    Containers are starting to pile up at Toronto's intermodal terminals as a violence-marred trucker conflict escalates, despite a settlement offer from trucking firms earlier this week.
  • 'Rising quality to blame for textile trade disputes'
    The head of China's Textile Industry Federation has attacked domestic critics who believe unhealthy, high-speed development has caused China's US/EU disputes, claiming instead that textile-quality improvements were causing the trade-battles.
  • Texas ports closed for Category 5 Hurricane Rita
  • Senior Maersk Line posts for two PONL directors
  • Investment plan avoids ECT congestion
  • Nansha share sale a threat to HK's river trade
  • Four-vessel newbuild order for Alianca approved by Brazilian fund
  • North Korea to open first container terminal
  • TX Logistik planning French, Belgian and Netherlands expansion
  • ProLogis expands into China's top port
  • More liquid FESCO offers Russian economic upside, says Citibank
  • High-Level transport group examines EU links to neighbours
  • China Shipping takes delivery of new tonnage
  • Oi Container Terminal takes delivery of transfer crane

TradeWindsweb site
SEPTEMBER 22, 2005
  • Pilots fleeing river
    Pilots at Lake Charles have shut down and are evacuating and a closure at the Mississippi mouth is now also certain.
  • Jones owners roar
    Protected US shipowners are blasting farmers' proposals to let foreign ships work the Jones Act trades in the wake of hurricane Katrina.
  • Silja starts lay-off talks
    Finnish ferry firm starts selling ships and looks for up to 150 redundancies.
  • Dim Horizon
    Jones Act boxship player Horizon Lines fails to price IPO at target, will slash range and try again with no proceeds to backer Castle Harlan.
  • Demolition dying slow death
    Indian shipbreaking industry cleans up its act but regulators need to follow suit.
  • Floating crane for UASC ship
    Initial survey of damaged containership indicates need for some boxes to be taken off at sea before berthing.
  • Tewari diagnoses yard ills
    Hindustan yard boss prescribes government medicine needed to boost Indian shipbuilding.
  • MAIB slams Newhaven groundings
    UK accident investigators list catalogue of errors in series of groundings at French-owned port.
  • Saverys sell 4m Euronav shares
    Free float increased by 20% after block sale by Marc Saverys and sister as Livanos ups stake.
  • Great Eastern sells handysize
    Indian owner cuts bulker fleet to 11 with deal for 1977-built ship.
  • HCI prepares to list
    German owner to become only second KG house to float its shares.
  • Crowley makes new start
    Gulfport liner service back in business from 1 October as US owner recovers from Katrina.
  • BC Ferries stays at home
    Canadian owner orders replacement for 1960-built ferry in Vancouver.
  • China "to build Iran yard"
    Multi-billion dollar deal could see shipbuilding complex on Gulf island of Qeshm.
  • India faces up to age problem
    Top shipowners lament cost of replacing old ships, which will limit expansion ambitions.
  • Fincantieri profit halves
    Italian shipbuilder sees first-half result fall due to fewer deliveries and higher costs for steel, fuel and insurance.
  • Skaugen adds three more
    Norwegian owner orders trio of versatile LPG/ethylene ships in China.
  • V.Ships probes OWS fault
    Shipmanager says oily-water separator problem could mean Maersk-chartered ship DID cause pollution.
  • Indian crews "too pricy"
    V.Ships boss warns subcontinent seafarers highly-skilled but in danger of pricing themselves out of market.
  • MOL bonds with Gazprom
    Japanese owner says up to 20 LNG carriers could be required to ship Shtockman gas.
  • John adds to offshore spree
    SeaDrill, the Fredriksen offshore vehicle, orders semi-sub at Daewoo with promise of more to come.
  • Frontline in $6.4m Bergshav buy-off
    Fredriksen in nice little earner after Atle Bergshaven moves to increase shareholding.
  • Time for quality
    BP Shipping's South Asia chief Angus Davis says penny pinching on ship running costs is unacceptable in 21st century.
  • New Horizon?
    US Jones Act liner company Horizon Lines appears to have priced its IPO, but details uncertain.

American Shipperweb site
SEPTEMBER 22, 2005
  • COSCO, Wallem Group establish ship management joint venture
  • MarAd publishes final rule for new MSP program
  • Ship operated by Maersk Sealand suspected of oil leak
  • Marad plans more ship disposals
  • INTTRA reports 10% growth in South America
  • Hanjin names Rooney managing director for North and South America
  • CORRECTION: Mitsui & Co. subsidiary works with Savi Networks
  • U.S., Mexico agree to expanded aviation services
  • FedEx's first quarter profits marginally rise
  • UAL Corp. posts $30 million net loss in August
  • Yellow Transportation offering new express air service
  • Continental to reduce cargo operations at Houston
  • Navis updates NIT League on truck appointment system
  • Forwarder network rebrands
  • DHS: Private sector could capture advance data for security screening
  • Houston shipper pleads guilty to attempted illegal export to Iran
  • U.S. has no plans to budge on food aid programs in Doha
  • USDA lends hand to stranded grain shippers in New Orleans
  • Target building import warehouse in Savannah
  • Soybean shippers urge Senate to act on water resources legislation
  • Visionary Vehicles awards contract to DAS
  • Schenker opens logistics center in Pyskowice, Poland
  • Former TRANSCOM commander joins ARC, AAL boards
  • Port of Oakland statistics adding up to huge year
  • Port of Houston closes in advance of Hurricane Rita

The Scandinavian Shipping Gazetteweb site
SEPTEMBER 22, 2005
  • Hefty profit when Stena Bulk sells tanker pair
    Stena Bulk has sold two Panamax tankers currently under construction in Dalian, China to Greek Aries Maritime for USD 112 ...
  • Gazprom borrows to buy Sibneft
    The world's biggest gas producer, Russian Gazprom, has secured a loan of USD 12.0 billion from a consortium of western ...
  • Container vessel forced to Brest for inspection
    The French authorities yesterday forced the container carrier "Maersk Barcelona" to the port of Brest for investigation of a possible ...

The Bunker Bulletinweb site
SEPTEMBER 22, 2005
  • Houston: no enquiries today as port closes
    Suppliers still trading in Houston today report no business as others complete their evacuations and the market braces for uncertainty.
  • New threat to oil supply from Nigerian 'bunkering' protagonist
    Threat to oil supply as supporters of jailed Nigerian warlord and 'bunkering' protagonist demand his release.
  • Chimbusco identifies biggest growth areas for Chinese market
    Chimbusco identifies growth areas in the Chinese bunker market, and says it will open to foreign entrants eventually.
  • Newbuild order changed due to surging fuel cost
    Grimaldi gambles on larger vessels to combat effect of more than $60m rise in annual fuel costs for the Group.
  • Hong Kong: Act on shipping emissions or face regulations
    Shipping industry urged to reduce emissions or face possible regulatory measures in Hong Kong and nearby areas.
  • KIC seeking partners, 99 year lease at PTP
    KIC seeking 99 year lease from government and partners to take a 40% stake in its ambitious storage and blending facility at Malaysia's PTP.
  • Rotterdam firm amid tightness, congestion
  • Singapore: Fall in stocks of residual fuel and distillates
  • Saudi Aramco: Lack of refineries to blame for high oil prices
    Saudi Aramco blames high crude oil prices a lack of refining capacity, and reveals plans to build new refineries.
  • Hurricanes foil more than 70% of oil output in US Gulf of Mexico
    Hurricane Rita and the aftermath of Katrina have shut down more than 70% of US oil production in the Gulf of Mexico.

›››File
FROM THE HOME PAGE
New historical record of monthly container traffic in the port of Long Beach
Long Beach / Los Angeles
In October, strong growth in Los Angeles climbing activity.
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
In the third quarter, the Viking cruise group's revenues grew by 11.4% percent.
Los Angeles
Increase of 14.3% of turnover generated by ocean cruises
Signed the final agreement on the contract of port workers
Rome
Italian Antitrust initiates an investigation into SAS (MSC group), Moby and Large Navi Fast
Rome
According to the AGCM, competition restrictions may have occurred as a result of the 49% acquisition of Moby's capital by SAS.
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
Brussels
Total greenhouse gases produced would be more than 30% higher than those considered by the FuelEU Maritime Regulation
DFDS and Ekol are rethinking and agreeing on the sale of the Turkish company's international network to the Danish group
Copenhagen / Istanbul
Revised the terms of the deal expired on the first November
Slight downturn in freight traffic in the port of Hamburg in the third quarter
Hamburg
Stable container traffic
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
Cargotec agrees to the sale of MacGregor to funds managed by Triton
Helsinki
Sale of the value of 480 million that is expected to be completed by the first half of 2025
In the July-September quarter freight traffic in the port of Koper increased by 8.3%
Lubiana
In the first nine months of 2024, the increase was 3.2% percent.
Ok of Ukraine's antitrust enforcement at the entrance of MSC in the capital of HHLA terminalist company
Kiev
The company operates the CTO terminal of the port of Odessa
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
More than doubling the value of new orders acquired by Fincantieri in the first nine months of 2024
Trieste
The sunshine committed for shipbuilding grew by +154,3 percent.
Established the Ship Recycling Alliance to speed up the recycling of safe and environmentally friendly ships
Copenhagen
The initiative in view of the entry into force on June 26 of the Hong Kong International Convention
Kuehne + Nagel will acquire 51% percent of the capital of American IMC Logistics
Schindellegi / Collierville
US company mainly operates drayage services
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
Hamburg
Increase of 3.8% of containers carried by the fleet. Average value of nils up 22.9%
In the third quarter freight traffic in the port of Genoa decreased by -4.9% percent while in Savona-I went up by 15.7% percent.
Genoa
Decided increase in transshipment containers determined by the Red Sea crisis. Down the cruises
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
Seoul
+116% increase in the value of the average nole per container transported
Evergreen's quarterly financial performance hike
Evergreen's quarterly financial performance hike
Taipei
Taiwanese company invests 186.8 million to buy new shipping containers
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
Hamburg
In Germany (Eurogate) the increase was 13.6% percent. In Italy (Contship Italy) of 6.8%). Slowing growth at Tanger Med. Damietta terminal will become operational in April
Danaos reports a new drop in quarterly revenue generated by fleet of container carriers
Athens
Coustas : With the Trump administration, which has promised new duties, a future reduction in container traffic is possible
In the first ten months of 2024, the traffic of goods in Russian ports decreased by -3.2%
St. Petersburg
The dry goods amounted to 370.8 million tonnes (-3.5%), those liquids at 372.2 million tonnes (-2.9%)
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
On the former Carbonyl of the Port of Genoa, the yards of the foranea dam and the subport tunnel
Genoa
The AdSP Management Committee deliberated it yesterday.
In Genoa, the Graduation Day of the Italian Academy of Mercantile
Genoa
Delivered 50 diplomas at the end of the biennial and three-year formative course
On November 27 in Rome, the public assembly of UNIPORT will be held
Rome
Meeting on the theme "Italian Ports, a network of businesses in the service of the country and of Europe"
Roberto Nappi, founder and director for 40 years of "Corriere Marittimo", has died.
Genoa
His career had begun at the writing of the Telegraph in 1958
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
The seamen of the Galaxy Leader have been hostage for a year
London / Hong Kong
Platten (ICS) : It is unacceptable ; humanity prevails and they are immediately released
MSC will implement a markup of noli for maritime transport from the Far East to the Mediterranean
Geneva
Increases of 25% and 18% for containers from 20 'and 40' direct in the western Mediterranean and Adriatic
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
Environmental authorization of the Region to dredging the quays from 19 to 26 of the port of Ancona
Ancona
The intervention will cost a total of 16.5 million euros.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
In the third quarter the container traffic handled by HHLA dropped by -2%
Hamburg
In Trieste the volumes processed by PLT Italy in the first nine months of 2024 have decreased
In October container traffic in the port of Hong Kong grew by 0.7%
Hong Kong
In the first ten months of 2024, a decline of -5.2%
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
Last month the port of Singapore handled 3.5 million containers (+ 8.1%)
Singapore
In the first ten months of 2024, growth was 6.2% percent.
MSC has completed the acquisition of the majority of logistics company MVN
Geneva / Milan
The Milanese business plans to close 2024 percent with a turnover of 100 million euros.
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
Port of Gioia Tauro, the memorandum of understanding for security in working environments and port operations
Joy Tauro
Will have a duration of three years
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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
››› Meetings File
PRESS REVIEW
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
The meeting in Rome between the representatives of Italian ports and ports in Florida
Rome
Expect a comparison to find common themes on which to set up a benchmarking task
This year the Cruserists in the port of Ancona have grown by 18.9%
Ancona
25.1% increase in transits and drop by -5.1% of landings and embarkation
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
Ok to the 2025 forecast budget of the AdSP of the Tyrrhenian Sea Centre North
Cyvitavecchia
It presents a surplus of more than 2.5 million euros
In Palermo, the first sheet of the new ferry for the Sicilian region was cut off.
Trieste / Palermo
The delivery of the ship is scheduled for 2026
Global Ship Lease's quarterly revenue records show the first decrease since the end of 2018
Athens
The company believes that its container fleet has very good future prospects of employment
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
A worker has passed away in the port of Crotone
Joy Tauro
He would suddenly go down to the ground while talking to some colleagues
Torbianelli : well the ok of CIPESS in financing the future Molo VIII of the port of Trieste
Trieste
Of the estimated 315 million euros, 206.9 are expected by the state
The French state has acquired 80% percent of the capital of Alcatel Submarine Networks
Calais
The company has a fleet of seven posacavi vessels
Eurizon Capital (Intesa Sanpaolo Group) has acquired a majority stake in Germany-based
Milan
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