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Independent journal on economy and transport policy
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BRIEFS
August 22, 2012
Sched Netweb site
  • MOL to raise 50pc capacity of its Japan-Indonesia-SE Asia service
  • Singapore's APL to quit Westbound Transpacific Stabilisation Agreement
  • Shipping industry faces sea change as bigger box ships ply all trade lanes
  • MSC declares it will stop all services to Iran to comply with sanctions
  • United States cracks down on petroleum product trade to and from Iran
  • Hapag-Lloyd reduces quarterly loss on 21pc higher revenue, improved rates
  • Maersk pulls back from reefer sector due to high investment, low return
  • Fujian's seven-month box throughput grows 9.9pc to 5.79 million TEU
  • China's transportation network to hit 4.9 million kilometres in three years
  • Shanghai to introduce measures to create world class express business
  • Damco first half pre-tax profit rises 42pc to US$51 million, sales up 12pc
  • Indian major port April-July container volume flat at 2.62 million TEU
  • AP Moller's Lagos container terminal set to handle 720,000 TEU this year
  • Port of Baltimore handles record US$51 billion worth of cargo in 2011
  • Hot sauce spill at FedEx Memphis cargo hub results in 102 needing treatment
  • China Southern's July air cargo volume climbs 9.1pc to 98,000 tonnes
  • SIA Cargo adds Sao Paulo to destinations of scheduled freighter flights
  • West Atlantic plays role in Airbus abandoning its A320P2F conversions

Exim Indiaweb site
AUGUST 21, 2012
  • Caravel Logistics launches new feeder service through Port Pipavav
  • Container equipment fleet surges in 2011
  • Emirates Shipping Line launches Far East-Gulf Express service
  • JBS Academy conducts 'Ship Draft Survey' training at APSEZ
  • Kandla Port emerging as global logistics hub: Dr Vaghela
  • Major Ports handle 5 pc less cargo in April-July period
  • New Mangalore Port, MRPL set to get SPM boost
  • US Customs unsure of 100 pc box inspection at ports
  • SBI opens branch at Arshiya's FTWZ in Mumbai (Panvel)
  • Exports may perk up in Sept.: Sharma
  • Exports may slip below $ 300 bn in FY13: Assocham
  • Extractors urge govt to cut duty on oilmeal imports
  • Import duty on power gear inadequate: BHEL
  • INR recovers on fresh dollar selling
  • Sharma to resolve widening trade deficit issue with China
  • SME exporters earn high profit margins: Crisil
  • World economic recovery suffers fresh setbacks, ICC/Ifo survey shows

International Transport Journalweb site
AUGUST 21, 2012
  • OAG Cargo gets new vice-president
    OAG Cargo, a specialist for the supply of data and information products for the global aviation industry, has selected Alv Hill as interim executive vice-president. The appointment...
  • More rest areas in Australia
    Regular users of the Bruce Highway between Howard and Childers in Queensland (Australia) now have the opportunity to use a new government-built rest area on the southbound lane. On...
  • U.S. Xpress and Maritime-Ontario launch North American shipping partnership
    U.S. Xpress Enterprises, a leading provider of transportation services throughout North America, and Maritime-Ontario Freight Lines Limited (M-O), a top Canadian freight carrier, h...
  • More Mahan to Malaysia
    Exactly one week ago, Iran's Mahan Air commenced scheduled flights between Teheran and Kuala Lumpur. The airline is initially operating two weekly services (due to bilateral freque...
  • CN to invest USD 35 million in Wisconsin
    The North American railroad CN and Superior Silica Sands have signed a multi-year agreement to move frac sand from a new processing plant now under construction in northern Wiscons...
  • Siemens supplies signalling for new line in Algeria
    The rail automation specialist Estel RA, a joint venture of the Algerian national company for rail transport (SNTF) and Siemens has been mandated by Algeria's national railway inve...
  • Korean Cargo brings B747F back to South America
    Korean Air Cargo once again began to operate a Boeing B747 freighter service to South America last week (week 33). The aircraft is routed via Lima (Peru) and Sao Paulo Viracopos (B...
  • Air Astana increases service to Delhi and launches Beijing route
    Starting today, 21 August 2012, Kazakhstan-based Air Astana is increasing its Almaty - Delhi service. It now operates this route five times a week instead of three. Starting on 25...
  • Yusen Logistics now active in Bangladesh
    Yusen Logistics has established operations in Bangladesh which will open for business on 15 October. The company stated that Bangladesh, among the "Next 11" emerging econ...
  • TNT Express: road delivery for Tencent in China
    TNT Express has signed a deal to become the primary road delivery service provider in China for Tencent, one of the country's largest internet service companies. Under the agreemen...
  • AEB selects new general manager for Asia-Pacific
    AEB (Asia Pacific) Pte Ltd has appointed Thomas Halliday as its new general manager. He will be based in Singapore and is to focus on growth across APAC region. Halliday, who was m...
  • Hapag-Lloyd names new vessel "Hamburg Express"
    The Hamburg (Germany)-based shipping company Hapag-Lloyd held a ceremony at the HHLA Container Terminal Altenwerder (CTA) to name its first 13,000 teu vessel "Hamburg Express" on ...

Marine Logweb site
AUGUST 21, 2012
  • FPSO conversion starts at Brazil's former Ishibras
  • Chouest to hire 250 to 500 employees for LaShip shipyard
  • USMMA gets "space" ship for training
  • Conrad Industries adds to backlog
  • Imtech system nominated for innovation award
  • Kvichak delivers utility vessels to Superior Energy
  • Cummings urges Obama to support Jones Act in SPR draw down

World Wide Shipperweb site
AUGUST 21, 2012
  • Columbia River Crossing added to President's We Can't Wait list
  • Crowley rejoining tanker trades with purchase of new Jones Act ships
  • World Trade Center Tacoma schedules annual Globe Awards
  • Trucks earn safety stickers at Port of Tacoma workshop
  • Coast Guard teams with National Guard in Columbia River training exercise

Lloyd's Listweb site
AUGUST 21, 2012
  • Global aframax earnings fall to lowest point so far this year
    Baltic Sea earnings hit lowest point on record despite slow steaming in the region picking up
  • IMO gears up for critical nickel ore meeting
    Safety concerns rekindled by Vinalines Queen casualty
  • Can test is not reliable
    Trade association insists there is no rough and ready way to check safety
  • Chinese coal demand faces stormy prospects
    Steam coal imports have defied drop in power consumption - but for how long?
  • MSC Flaminia to be inspected before sailing into German waters
    NSB has yet to confirm which port will accept stricken boxship
  • Jury is out on South Korean government shipyard finance boost
    Policy may not be easy to implement
  • Five-year-old capesizes and VLCCs worth the same on dollar per dwt
    Baltic Exchange's sale and purchase assessments show continued decline in values
  • MSC Flaminia gets help from Germany
    Agreement to take stricken boxship in German waters raises questions over selection of place of refuge
  • Colombia resumes coal exports as rail workers end month-long strike
    Dispute halted some 4m tonnes of bulk movements
  • Burden of Seychelles piracy trials must be eased, says UK report
    House of Lords also warns on transferring pirates back to prisons in Somalia
  • Rongsheng results reveal slump in cash reserves
    Updated: Efforts to retain orders by extending order deadlines hit cashflow
  • Iron-ore market loses faith in swift demand recovery
    Price of 2013 futures falls below $100 per tonne
  • Dover sees fall in haulier demand
    Port facing privatisation reports dip in freight and passenger traffic
  • Torm's losses and debts deepen
    Weak market increases owner's second-quarter loss
  • Shipbuilder P+S to file for insolvency
    State aid is insufficient for German group's rescue plan, says company chief Rüdiger Fuchs
  • Crowley buys Jones Act product tanker pair from Aker Philadelphia
    Shipyard relieved after $250m deal for speculative newbuilds
  • Drewry sticks to 6% growth forecast for box terminals
    Annual report says emerging economies will show strongest increase, with container demand 'quite flat' in Europe and little growth in North America
  • James Fisher reports strong growth
    Group buoyed by 'robust' demand for specialist technical and offshore units
  • Raveh to step down from Zim
    New chief financial officer to be announced in days
  • Navios Acquisition posts loss despite soaring revenues
    Angeliki Frangou contrasts tanker company growth story with struggling peers
  • Experts urge Nigeria to rethink its stance on private maritime security
    Contracts that generate interest and controversy are a 'double-edged sword'
  • Nigerians hold the solution to piracy and oil theft
    Focus needs to be on answer that is not security dominated but one that involves the community
  • GasLog remains bullish despite loss
    Revenues will quadruple by 2015 as LNG fleet expands
  • Privalov to face criminal charges over Sovcomflot role
    September date set for $67m misappropriation hearing
  • DSF benefits from international bank withdrawal from ship finance
    Copenhagen financier will support credit-worthy Danish interests
  • Recession in Europe weakens DFDS results
    More turbulence ahead as 'difficult' cross-Channel start-up faces new competition
  • Pirates' monsoon washout
    Attacks on ships are way down thanks to strong winds, heavy rain and big waves - but let's see what happens when the sea calms down

Fairplayweb site
AUGUST 21, 2012
  • Breaking prices surge
    INDIAN breakers were about the only ship recyclers in action last week, with Bangladesh and Pakistan celebrating the end of Ramadan
  • Browse to be floating scheme?
    ROYAL Dutch Shell has bought Chevron's interest in the Browse LNG scheme in Australia, which could become a floating project, IHS World Markets Energy reported today
  • Jiangnan HI's profits drop by 87%
    CSSC TODAY said profits dropped by 87% year on year in H1 of this year at its Shanghai-listed subsidiary Jiangnan HI
  • Navios raises tanker cover
    ANGELIKI Frangou's tanker company Navios Acquisition today reported further progress in securing long-term charter coverage
  • Havila issuing $89M in bonds
    HAVILA Shipping, the Norwegian offshore service vessel owner, said it is issuing 500M kroner ($89M) in bonds
  • GasLog touts LNG fundamentals
    NYSE-listed GasLog, the newest entrant to the US public markets, today forecast continued LNG strength, driven by project developments
  • TORM loses five times more
    TORM SAID today its interim losses for 2Q12 were more than five times those of the previous-year period
  • Korea Line issues shares
    KOREA Line issued 653,143 shares today to several companies that include some of the restructuring group's creditors
  • DFDS issues profit warning
    DFDS, the listed Danish ferry and logistics company, has issued a profit warning after reporting a sharp drop in 2Q12 profits
  • Indonesian coal lifts Panamaxes, Supramaxes
    A RISE IN Indonesia's thermal coal fixtures has injected more business into the Asian Panamax and Supramax market
  • VLGC rates reach 2012 high
    FREIGHT rates to ship LPG on the benchmark Persian Gulf/Far East route have hit a 2012 high of $77.219/tonne
  • Yard resales rule bulker S&P
    BUYERS are exploiting lower asset prices, producing another fruitful week for Chinese yards that are holding cancelled newbuilding orders
  • RSHI profits fall (just) 82%
    OUTSHINING other yards in China, Rongsheng HI today unveiled profits of 216M yuan ($34M) for the first six months of the year
  • GO unveils slip in profits
    GOLDEN Ocean, the listed drybulk group in John Fredriksen's business empire, predicted today that tonnage oversupply is likely to delay a major freight rate recovery
  • Trans-Pacific box rate gains gone
    TRANS-Pacific box rates have dropped off since posting substantial gains, suggesting the third-quarter peak season remains fragile

The Journal of Commerceweb site
AUGUST 21, 2012
  • MSC Flaminia to Be Towed to German Anchorage
    The fire-damaged container ship MSC Flaminia will be towed to a sheltered anchorage in German waters for evaluation before it...
  • BlueGrace Named Fastest-Growing Logistics Operator
    BlueGrace Logistics, Riverview, Fla., increased its revenue 7,368 percent over three years to $63.6 million in 2011, making the Florida-based...
  • Kings Point to Get New Training Ship
    A ship used for recovery of solid-fuel rocket boosters from the space shuttle will be converted for use as a...
  • DFDS Slashes 2012 Earnings Guidance
    Denmark's DFDS cut its 2012 earnings guidance after Europe's largest short-sea shipping and logistics group's second quarter profit slumped amid...
  • Taiwan, Thailand Downgrade Export Forecasts
    The Asian export outlook continues to weaken, according to the latest export forecasts from Taiwan and Thailand. Taiwan export...
  • China Ports' TEU Share Hits 30 Percent
    China's container ports now handle 30 percent of international container volume, which has more than doubled in the last decade,...
  • NYK Line Sets Oct. 1 Atlantic Rate Increase
    NYK Line said it will implement an Oct. 1 general rate increase for trans-Atlantic cargo. The increase will...
  • Crowley Buys Two Jones Act Tankers
    Crowley Maritime Corp.'s petroleum and chemical transportation group has purchased two 45,800-deadweight-ton tankers Aker Philadelphia Shipyard has been building on...
  • Derailed CSX Train Kills Two Outside Baltimore
    A CSX Transportation train hauling coal derailed shortly after midnight Tuesday outside of Baltimore, killing two women who were on...
  • Carriers Won't Fight APM's Virginia Bid
    Mediterranean Shipping Co. and CMA CGM say they no longer object to a proposal by APM Terminals to take over...
  • Caravel Logistics Launches India-Mideast Feeder Link
    Caravel Logistics has launched a feeder link between India and the Middle East. From Port Pipavav on India's west...
  • HKIA Extends Year-Over-Year Decline
    The world's largest freight airport saw a slight month-on-month increase in volume during July, but growth compared to 2011 remained...
  • Emirates Shipping to Launch Far East-Gulf Service
    Emirates Shipping Line plans to expand its intra-Asia service network by buying slots on the Pacific South & Gulf Service...

Containerisation Internationalweb site
AUGUST 21, 2012
  • Zim Line's CFO resigns
    It has been announced that Zim Line's much-liked chief financial officer Allon Raveh (in photo) will leave the company by the end of the year. No replacement has ...
  • Angola to invest in Cabinda
    Angola's Minister of Transport has announced that the government is prepared to spend USD1 billion over the next five years on improving port infrastructure in ...
  • Russian trade hits the rocks
    Russian ports joined the rest of Europe in terms of declining container cargo growth in the first half of the year. St Petersburg's growth reached just 1.5% compared ...
  • Wan Hai and MOL merge Intra Asia loop as volumes in SE Asia/Japan jump
    Taiwan's Wan Hai Lines (WHL) has announced that it is merging its New Super 1 (NS1) service with MOL's CHS3 sling, creating for both more capacity and a wider geographical ...
  • Tacoma's volumes soar on back of new GA string
    Container volumes through the US Pacific Northwest Port of Tacoma have soared by 20% year-on-year on the back of the new Grand Alliance (GA) service that it won ...
  • China's growth under pressure
    That was the stark message given by Chinese Prime Minister, Wen Jiabao, at the weekend. He said that the nation's economy was 'under pressure' and that it is facing ...
  • Lords change view on armed guards
    The UK's House of Lords EU Committee for External Affairs has published a follow-up report on Somali piracy in which it says that it has 'changed its view on the ...
  • MSC Flaminia: set to enter German waters

TradeWindsweb site
AUGUST 21, 2012
  • CMA CGM beefs up board
    France's largest containership operator has recruited three career politicians to join its board of directors.
  • CSDC scraps again
    China Shipping Development has continued its scrapping drive after selling one of its ageing bulkers to be chopped up in its homeland.
  • Navios narrows deficit
    Angeliki Frangou's Navios Maritime Acquisition posted a second-quarter loss Tuesday despite a 38% surge in revenue.
  • Farstad rues oversupply
    Norway's Farstad has lamented the rapid increase in the number of platform supply vessel newbuilds hitting the water.
  • Germany pulls the plug
    Cash-strapped German shipbuilder P+S Werften is filing for insolvency after the state pulled the plug on rescue funding.
  • CSDC record ended
    China Shipping Development has chalked up its first half-year loss as a listed company.
  • Boa charter chopped
    Singapore's Emas AMC is not extending its charter of a BOA OCV deepwater subsea vessel.
  • Floatel firms Keppel rig
    Floatel has firmed up a contract with Keppel FELS for a $315m accommodation rig.
  • Privalov stands trial
    Sovcomflot's former London chief Yuri Privalov is to face court action in Russia on charges of embezzling $67m of the company's cash.
  • Raveh leaving Zim
    Zim CFO Allon Raveh is to leave at the end of the year, with a successor due to be announced within days.
  • GasLog on the nose
    GasLog has again promised to pay a dividend by the end of the year after hitting Wall Street forecasts on the nose in the second quarter.
  • Fun on the Fringe
    Shipping is not a laugh a minute right now so we have borrowed a one liner from the funniest man at the Edinburgh Fringe Festival to help brighten up your day.
  • MEO surge goes on
    Miclyn Express Offshore has completed a stellar full year thanks to its rapid expansion.
  • Doychev freed
    Bulgarian shipowner Doychin Doychev has been released from police custody after an initial hearing in his drugs-bust case.
  • Fire hits German bulker
    Firefighters have tackled a small blaze on an Oldendorff Carriers bulker in New Zealand.
  • Rongsheng rocked
    China Rongsheng Heavy Industries laid bare the challenging picture for the Chinese shipbuilding market after seeing its first half profit collapse.
  • End of the road
    A 1974-built cargo ro-ro has been put up for sale by its Fijian owner.
  • DFDS sees headwinds
    Danish ferry operator DFDS has dimmed its full-year forecast after making a difficult start to life in the English Channel.
  • Havila hits the mark
    Havila Shipping has finished its latest trip to the bond market more than $80m to the good.
  • CNOOC adds one
    Chinese oil company CNOOC has ordered an offshore installation ship at a CSSC shipyard.
  • Tanker gains for Fisher
    UK shipping group James Fisher has posted a bigger profit in the first six months as its small products tankers enjoyed a spot-rate boost.
  • Torm loss deepens
    Torm continued to burn cash in the second quarter as it fought to remove the financial black cloud hanging over its head.
  • Mixed for GOGL
    Norwegian bulker owner Golden Ocean (GOGL) has survived a weaker second quarter to turn around its loss over the first six months.
  • Cape pair head for demo
    Two more early-1990s capesize bulkers look to have been sent for demolition in the face of poor freight rates.
  • Aegean eyes Hong Kong
    Aegean Marine Petroleum Network plans to expand its global network by establishing operations in Hong Kong.

American Shipperweb site
AUGUST 21, 2012
  • ILA protests military cargo handling in Charleston
    The union contends the Marines are allowing Jacksonville, Fla.-based Portus Stevedoring Co. to move its military cargo operation from Jacksonville to Charleston to bypass the use of ILA workers in Charleston.
  • BlueWater Reporting to release West Coast port call analysis
  • Manhattan provides growth to Fantastic Holdings
  • Report: Sustainable supply chain to benefit food shippers
  • Drewry: 800 million TEUs in global throughput by 2017
    Nearly one in three TEUs on a global basis is now handled at a Chinese port, compared to 19 percent in 2002. Meanwhile, global container volume rose to 588.8 million TEUs in 2011, compared to 279.3 million in 2002.
  • Emirates joins Asia-Mideast leg of GA/Hanjin loop
  • Low water stalls Mississippi barge traffic
    The Army Corps of Engineers is trying to dredge the river channel in areas to keep commodities flowing, but many shippers complain they have to ship lighter loads to ensure vessels don't hit bottom.
  • Flaminia owner hopes to enter German waters
  • Cadec extends performance management scorecards
  • MSC raises Med-U.S. rates in October
  • New international maritime labor regs ratified
    The ILO Maritime Labor Convention (MLC) was recently ratified by Russia and the Philippines, meaning the required 30 ILO member states had approved the international regulation. It goes into effect from August 2013.
  • CSX derailment near Baltimore kills 2
  • Washington Notebook: FDA's F.U. inspection sounds worse than it is
  • Crowley adds 2 new Jones Act tankers
  • Registry for U.S. apparel, footwear suppliers
  • Zim CFO to leave at year's end
  • CMA CGM adds 3 directors

The Bunker Bulletinweb site
AUGUST 21, 2012
  • Bominflot expands Mediterranean operations
    Company has extended its Spanish supply operation to the Ports of Alicante and Castellon.
  • Containerships set to become ever larger
    Average capacity has increased 25% in the last four years.
  • Market mainly firm in Fujairah
    Suez prices lack direction.
  • Markets lack direction in North West Europe
    No congestion in Rotterdam.
  • Noble Group declines to comment on Tolson departure
    Source says it is 'business as usual' at Singapore office.
  • Contract for LNG bunkering report goes to Germanischer Lloyd
    Study will help in the drafting of EU-wide standards.
  • Shipbuilder sees profits collapse
    But Rongsheng predicts 'enormous demand' for fuel-efficient vessels when recovery beings.
  • Bunker prices show little movement in Asian hubs
    Supplies of bunker fuels were fine at key Asian ports on Tuesday.
  • American scientists discuss alternative bunker fuel
    Material releases 15% lower soot-like particulates with 26% lesser nitrogen oxide emissions.
  • Scottish ferry operators order fuel efficient thrusters
    Vessels to be fitted with Rolls-Royce thrusters at Cammell Laird shipyard.
  • Titan court hearing adjourned to early September
    Extension granted by Bermuda court after inital hearing of SPHL's petition on August 16.
  • Hong Kong supplier takes 'cautiously optimist approach' for 2012
    Credit risk 'an area of concern', says Chimbusco Pan Nation Petro-chemical spokesman.

›››File
FROM THE HOME PAGE
Tanker hit near Strait of Hormuz
Portsmouth
A bullet caused minor damage. The crew was unharmed.
Sharp increase in transshipment containers in the port of Barcelona
Barcelona
In February, overall freight traffic increased by +8.1%
PPC denounces that the Republic of Panama is delaying the arbitration at the ICC
Panama
The Chinese company continues to reiterate the illegality of the seizure of the Balboa and Cristóbal port terminals
Alessandro Becce is the new Secretary General of the Sardinian Sea Port Authority.
Cagliari
Bagalà: EU ETS application for major and minor islands must be cancelled
Operation Aspides' mandate will not be extended to the Strait of Hormuz at this time.
Brussels
This was announced by the High Representative of the European Union for Foreign Affairs, Kaja Kallas.
Greece and Italy reject the extension of Operation Aspides to the Strait of Hormuz.
The ships of the two nations constitute the naval force of the European mission
Freewheels: The government has broken its promise regarding fuel taxes.
Modena
Franchini: Continuing to treat road haulage like a tax cash machine is simply irresponsible.
Pessina (Federagenti): Shipping will also overcome the Strait of Hormuz crisis.
Genoa
We hope - he specified - that we will soon move in the direction of a progressive normalization.
Israel's eastern Mediterranean coast has been designated a high-risk area for the safety of ships and crews.
London
Resolution of the International Bargaining Forum
Evergreen Marine Corporation's revenues decreased by 26.0% in the fourth quarter of 2025.
Taipei
Quarterly net profit down 71.8%
EU Commission and EIB support for investment projects in small and medium-sized ports
In the second half of 2025, OOIL's revenues decreased by -20.0%
Hong Kong
Net profit down 67.9%
In transalpine freight transport through Switzerland, rail is losing further market share to road transport
Bern
Dramatic development - a report underlines - from the point of view of Swiss modal shift policies
An extraordinary IMO council will be held on 18 and 19 March to discuss the situation in the Middle East.
London
As of yesterday, the attacks on ships have resulted in the death of eight sailors and the wounding of ten, in addition to three missing.
In 2025, combined road/rail traffic handled by Hupac grew by +4.3%
Noise
The need to extend the application of contributions to transalpine combined transport beyond 2030 was reaffirmed.
Yang Ming to order six new 13,000 TEU dual-fuel LNG containerships
Keelung
The fourth quarter of 2025 was closed with a net profit down by -81.2%
The resumption of shipping traffic through Suez does not appear to be affected by the blockade in the Strait of Hormuz
Cairo/Southampton/Washington/Genoa
While ships increased by 1.9% in January, growth in the canal has since been more sustained. War material seized in the port of Genoa.
US prepares to attack Iranian ports
Tampa/Muscat
Centcom warns civilians to immediately avoid all port facilities. Drones over the port of Salalah.
MSC to build container terminal at Snake Island Port in Lagos
Geneva
45-year concession agreement with Nigerdock
Attacks on ships in the Strait of Hormuz resume
Southampton/Geneva
A container ship was damaged. A fire broke out on another vessel. UNCTAD raised alarm over the effects of the disruption to maritime traffic in the region.
Three crew members of a bulk carrier stricken in the Strait of Hormuz are missing.
Bangkok
Twenty seafarers were disembarked in Oman
ONE's stake in Poseidon (Seaspan Corporation) will rise to 48.9%
Singapore/Toronto
Investment worth $1.07 billion
FS Logistix and Grimaldi Euromed sign agreement to develop integrated sea-rail transport solutions.
Verona
Confitarma requests the possible deployment of Italian Navy units to the Persian Gulf and Strait of Hormuz area.
Rome
Zanetti: A concrete sign of attention to protecting the country's strategic interests.
Scotland debates taxing cruise ships
Three fifths of those interviewed said they were in favour of granting local authorities the power to introduce a tax
Last year, freight traffic in German ports amounted to 284.4 million tonnes (+3.8%).
Wiesbaden
Imports increased by +5.3%
In January, freight traffic in the ports of Genoa and Savona-Vado Ligure fell by -4.9%.
Genoa/Ravenna
A growth of +12.5% was recorded in the port of Ravenna
In 2025, ZIM's revenues fell by -18.1%
In 2025, ZIM's revenues fell by -18.1%
Haifa
The decline was more pronounced in the fourth quarter (-31.5%). Glickman: the merger with Hapag-Lloyd is very positive for shareholders.
Last year, freight traffic in the port of Bremen increased by 5.4 percent.
Last year, freight traffic in the port of Bremen increased by 5.4 percent.
Bremen
In the fourth quarter alone, growth was +5.4%, with container loads increasing by 11.8%.
In 2025, the port of La Spezia handled 12.6 million tons of goods (+3.3%)
In 2025, the port of La Spezia handled 12.6 million tons of goods (+3.3%)
La Spezia
At the port of Marina di Carrara, traffic was 4.8 million tonnes (-0.7%)
PPC and CK Hutchison warn that they will assert all their rights and seek full compensation from Panama
Hong Kong
In 2025, the PSA terminal operator group recorded record revenues
Singapore
Operating profit up 19.0% and net profit up 0.5%
In 2025, the CMA CGM group's shareholder profit fell by -58.1%.
Marseille
Revenues down -2.0% (-5.2% in the fourth quarter alone)
2025 was Global Ship Lease's best year yet
Athens
Positive trend also in the fourth quarter
In the fourth quarter of 2025, freight traffic in the ports of Naples and Salerno grew by +2.0%
Naples
The -1.0% decline recorded at the regional capital's airport was more than offset by the +6.3% growth in Salerno
The Maritime Federation fully endorses the new EU strategies for the maritime and port sectors
Rome
Mattili: We are available to contribute to the EU Industrial Maritime Value Chains Alliance.
CK Hutchison announces it has intensified legal action against the Republic of Panama.
Hong Kong
Addendum to the Notice of Dispute filed with the ICC
Global Ports Holding's cruise terminals see record traffic
Istanbul
Last year there were 18.1 million passengers (+8.5%)
Interferry: The EU Commission's path to ferry decarbonization is the right one.
Victoria
Roos: It is good to recommend that ETS funds be used exactly where they are collected.
CLECAT promotes the EU strategy for the European maritime, port and logistics system
Brussels
Emphasis is also placed on the need to prevent integrated operators from limiting competitors' access to infrastructure, services or customers.
ESPO approves new EU Port Strategy
Brussels
Among the most appreciated elements, the commitment to implement a review of the EU ETS and the FuelEU Maritime Regulation
Tanker hit near Kuwait coast
Southampton/Kuwait City
A shell also hit a container ship in the Strait of Hormuz
European shipowners and shipbuilders applaud the EU's strategy for the sector. German port operators are less convinced by the proposal.
Brussels/Rome/Hamburg
WSC welcomes the strategies for the maritime industry and ports proposed by the European Commission
Washington
However, according to the association, they are not sufficiently attentive to the simplification of trade exchanges.
The European Commission presents two strategies to promote the competitiveness, sustainability, safety and resilience of EU ports, maritime transport and shipbuilding.
Brussels
A high-level council will be established
Explosions and a fire on a Russian ship that sank near Libya
Moscow/Tripoli
In December, Ukraine claimed responsibility for an attack on a Russian oil tanker in the same region.
Attacks on ships in the Strait of Hormuz region continue
Southampton/Battaramulla
Three naval vessels reported shellfire and damage. An Iranian frigate was hit in Sri Lanka.
Viking orders two new expedition cruise ships from Fincantieri and secures an option for two ocean-going vessels
Trieste
The value of the agreements exceeds two billion euros
Container traffic at the Maltese port of Marsaxlokk remained stable in 2025
Kalafrana/Hong Kong
China's CMPort has signed a 70% stake in Brazil's Vast Infraestrutura oil terminal.
T&E: Over half of European ferries could become electric by 2035
T&E: Over half of European ferries could become electric by 2035
Brussels
Klann: Electric ferries are already cheaper on many routes and will become even cheaper in the coming years.
ITF, JNG and IBF have designated the Strait of Hormuz and surrounding waters as a High Risk Area
ITF, JNG and IBF have designated the Strait of Hormuz and surrounding waters as a High Risk Area
London
The area may soon be transitioned to a Warlike Operations Area.
Nautilus International urges States and shipping operators to ensure the safety and rights of seafarers
London/Brussels
The International Trade Union Confederation urges an immediate ceasefire by all parties
Strait of Hormuz: A sailor from a ship attacked by a drone vessel dies.
Muscat
Twenty-one crew members were evacuated
Norwegian Cruise Line Holdings closes a record 2025, but faces challenges with non-operating costs.
Miami
The war crisis in the Middle East also affects ports
Dubai/Muscat/Washington
Kramek (WSC): Liner shipping has demonstrated its ability to react to emergency situations, such as the one in the Red Sea
ICS, ECSA and ASA concerned about seafarers' safety in the Middle East
London/Brussels/Singapore
This is - they underlined - a rapidly evolving and unpredictable situation.
Hapag-Lloyd and Maersk were the first to sense trouble in the Middle East. A tanker sanctioned by the US was hit.
Hamburg/Copenhagen/Southampton/
Washington/Muscat
On Friday, the two companies notified customers of changes to their services in the region. Four Skylight crew members were injured.
European list of ship recycling facilities updated
Brussels
Including for the first time a German shipyard, that of Emden
Confitarma urges the EU to strengthen the attractiveness of its maritime flags
Rome
An arbitration worth over $1.5 billion will resolve the dispute between PPC and the Republic of Panama.
Panama
Procedure at the International Chamber of Commerce in New York
Tender for 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
Fincantieri and Navantia agree to jointly coordinate and execute the European Patrol Corvette project.
Sad/Madrid
They will form a joint venture that will be open to participation by the other project partners.
In 2025, the port of Rotterdam handled 14.2 million containers (+3.1%)
In 2025, the port of Rotterdam handled 14.2 million containers (+3.1%)
Rotterdam
In the fourth quarter alone, containers amounted to 3.5 million TEUs (+3%)
PSA announces a billion-dollar investment plan in the port of Genoa
PSA announces a billion-dollar investment plan in the port of Genoa
Rome/Singapore
The first phase focuses on the technological implementation and infrastructural adaptation of the PSA Genova Pra' terminal.
New logistics hub in London to boost rail freight through the Channel Tunnel
London
An investment of around £15 million is expected
Jeremy Nixon will hand over his position as CEO of Ocean Network Express to Till Ole Barrelet on July 1st.
Singapore
The German manager comes from Emirates Shipping Lines
The first three electric gantry cranes have been installed at the new intermodal terminal in Milan Smistamento.
Milan
At full capacity it will be able to handle up to 44 trains per day
Hong Kong government protests PPC's removal from Panamanian ports
Hong Kong/Beijing
Beijing government spokeswoman stressed that China will firmly protect the rights and legitimate interests of its companies.
European transport associations call for the CEF to be allocated at least €100 billion
Brussels
Chronic underfunding and financial shortfalls are lamented
The Panamanian government assigns the transitional management of the port of Balboa to APM Terminals and the port of Cristóbal to TiL
Hong Kong/Panama
CK Hutchison Holdings denounces the illegality of the terminal seizure and confirms the possibility of legal action.
Panamanian government seizes assets and equipment at the ports of Balboa and Cristóbal
Panama
The Panama Ports Company of the CK Hutchison group has been removed from the management of the two ports
Statement by rail and intermodal transport associations against gigaliners on European roads
Brussels
The current positions of the EU institutions - they denounce - all include elements that risk opening the door to a widespread diffusion of these vehicles.
The mandate of the EuNavFor Aspides mission has been extended until 28 February 2027.
Brussels
A budget of almost 15 million euros has been approved
The EU-ETS Observatory of Puertos del Estado confirms the risk of loss of container traffic share of European ports
The EU-ETS Observatory of Puertos del Estado confirms the risk of loss of container traffic share of European ports
Madrid
Santana: We believe that some aspects of the ETS should be monitored and, where necessary, revised.
Tidewater acquires Brazil's Wilson Sons Ultratug Participações for $500 million.
Houston
It has a fleet of 22 Platform Supply Vessels
Trump attempts to circumvent the Supreme Court ruling by introducing temporary tariffs
Trump attempts to circumvent the Supreme Court ruling by introducing temporary tariffs
Washington/Suitland
An executive order confirming the suspension of the "de minimis" regime was also signed.
Slight growth in freight traffic in the port of Ancona in 2025
Ancona
Rolling stock slightly down. Passenger numbers significantly down.
Construction of the cruise terminal at Molo San Cataldo in Taranto will begin in October.
London
Global Ports Holding invests over €4.5 million
Medlog (MSC Group) will acquire the remaining 29% of MVN from Logistics Project Italia
Rome
The operation has been notified to the Antitrust Authority
Greek group Attica Holdings continues its fleet renewal plan
Athens
Purchase of two catamarans for €15 million. Long-term lease of the "GNV Bridge" ferry.
Germany's Arvato has acquired Canada's THINK Logistics
Mississauga/Gütersloh
The company, founded in 2012, is headquartered in Mississauga, Ontario.
Two new state-of-the-art ship-to-shore cranes have arrived at the PSA SECH terminal.
Genoa
They will be operational from June
Banco BPM's €55 million financing to Grimaldi Euromed
Naples/Milan
Partially covers the purchase of the new ship "Grande Inghilterra"
Stolt-Nielsen sells 50% of Avenir LNG to NYK Line
Oslo/Tokyo
The company operates in the liquefied natural gas bunkering sector
Only 7% of the workers in the port companies and terminals of La Spezia and Marina di Carrara are women
La Spezia
Costa cancels cruises originally scheduled to sail to the Middle East
Genoa
The company currently has no vessels operating in the region.
In 2025, d'Amico International Shipping's time charter revenues decreased by -29.0%.
Luxembourg
Fourth quarter decline eases
NYK to become sole owner of Norway's Saga Welco
Tokyo/Tønsberg
The Tønsberg company has a fleet of 48 open-hatch vessels
Grimaldi Group's Valencia Terminal Europa will manage the new car terminal at the port of Sagunto.
Valencia
Grimaldi has taken delivery of the new PCTC Grande Seoul
Naples
It is the ninth ammonia-ready unit of the Neapolitan shipping group
The Cagliari-Algeria service operated by Maersk and Grendi will soon dock at the Giammoro di Milazzo pier.
Messina
It will be held on a weekly basis
Falteri (Federlogistica): The consequences of the war in Iran are only in their infancy.
Genoa
There is a dramatic congestion of perishable products in the hub airports of the Gulf, he underlined.
DP World reported record annual operating and financial results
Dubai
In 2025, container traffic increased by +5.8% and revenues by +22.0%
Two additional new Medium Range 2 tankers for d'Amico Tankers
Luxembourg
Exercised options with Chinese shipyard Jiangsu New Yangzi Shipbuilding Co.
Japan's MOL has acquired 25% of V.Ships France
Tokyo/London
The remaining 75% of the capital remains with V.Ships
ICTSI reports record annual and quarterly financial and operating performance
Manila
Last year the group's port terminals handled 14.5 million containers (+11.0%)
Wan Hai Lines' revenue decreased by 13.3% in 2025
Taipei
The company will buy four new 6,000 TEU container ships and two 9,200 TEU container ships.
Observatory on the presence of women in the blue economy sector
Milan
Initiative by WISTA Italy and the Maritime Federation
The first train will depart from the Pordenone Interport on April 2nd.
Pordenone
Ausserdorfer (InRail): We have already received new requests and contracts to increase connections
Triple ceremony for Explora Journeys at Fincantieri's Sestri Ponente shipyard
Genoa
Technical launch of "Explora IV", coin ceremony of "Explora V" and start of construction of "Explora VI"
The Propeller Club of the Ports of La Spezia and Marina di Carrara has renewed its board of directors.
La Spezia
Gianluca Agostinelli and Federica Maggiani confirmed as president and vice president
The Tunisian government decides to start construction of the port of Enfidha
Tunis
52,000 jobs expected to be created
Hundreds of containers of temperature-controlled plant-based food products are held up in the port of Genoa.
Genoa
Spediporto reports it
The La Spezia Freight Forwarders Association has established a terminal freight forwarder section.
La Spezia
The aim is to strengthen the representation and enhance the value of inland logistics.
FHP Intermodal launches rail service from northern Italy to Bari and Catania
Foggia
Initially, two pairs of trains are scheduled to depart per week.
Managing maritime shipments in a scenario made extremely complex by the crisis in the Middle East
Genoa
Botta (Spediporto) and lawyer Guidi suggest how to handle difficulties
The new Norwegian Luna cruise ship will be delivered in Marghera.
Trieste
It is the second unit of the "Prima Plus" class built by Fincantieri
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Assiterminal: The EU's port strategy is a success.
Genoa/Brussels
Seas At Risk, One Planet Port, and IFAW are concerned about the proposed regulation's reference to expediting environmental impact assessments.
The first electrical cabin dedicated to the cold ironing system has been completed in the port of Gioia Tauro.
Gioia Tauro
In April, the first connection of a container ship to a mobile socket
Konecranes revenues remained stable in 2025
Helsinki
The value of new orders grew by +9.7%, with a +21.3% for port vehicles
Finnlines' net profit increased by 50.7% in 2025
Helsinki
Revenues up 2.0%
Large shipment of ammunition and detonators seized in the port of Ancona
Ancona
He was about to be embarked on a ferry intended for the exclusive transport of passengers
Ravenna has been designated Capital of the Sea 2026
Rome
Petri (Assoporti): its port is a strategic hub for the national economy
2025 record for the American cruise group Viking Holdings
Los Angeles
Revenues grew by +21.9%
UECC has ordered China Merchants Jinling to build two PCTCs
Oslo
They will have a capacity of 3,000 CEUs and will be taken into delivery in 2028.
Kuehne+Nagel plans more significant staff cuts
Schindellegi
Worsening economic results in the fourth quarter of 2025
Public notice from the Northern Tyrrhenian Sea Port Authority to select the new Secretary General
Livorno
The procedure is not competitive in nature and no selection process is foreseen.
KKCG Maritime publishes a partial tender offer to increase its stake in Ferretti from 14.5% to 29.9%.
Milan/Hong Kong/Prague
The offer is not aimed at delisting the shares
Norovirus outbreak on second Holland America Line cruise ship
Hong Kong
65 passengers and 11 crew members of the "Westerdam" were injured.
SOS LOGistica, allocating only 10% of the €590 million for road transport to zero-emission vehicles is self-destructive.
Rome/Milan
Texts: talking today about a heavy BEV market that "takes off" remains a mirage
The first U212NFS submarine is being laid down at Fincantieri's Muggiano shipyard.
Trieste
The delivery of the first unit is scheduled for 2029
A new tender has been published for railway shunting in the ports of Savona and Vado Ligure.
Genoa
The tender base amount is 14.8 million euros
China's LC Logistics orders two new 11,000-TEU containerships
Hong Kong
Order with a total value of 236 million dollars
Palumbo Superyachts to build new metal shipbuilding hub in Ortona
Ortona
Concession area in the Abruzzo port
Kuehne+Nagel acquires the road transport business of German firm Lohmöller
Schindellegi
In 2024 they had generated a turnover of approximately 23.5 million euros
Rolls-Royce posts record annual financial performance
London
Revenues increased by 12.2% last year
Fincantieri delivered the ultra-luxury cruise yacht Four Seasons I in Ancona
Trieste
The Navis Sapiens program also debuts with the ship
Nearly 12 million tonnes of CO2 avoided in 2025 for vessels coated with Jotun products
Muggia
Estimated fuel cost savings of approximately $2 billion
In 2025, intermodal traffic handled by Interporto Padova amounted to 381,031 TEUs (-7.5%)
Padua
Record production value recorded
In 2025, the Nola interport handled 2,000 trains
Nola
A 50% increase is expected in 2026
A Livorno port pilot loses his life in a collision
Livorno
The dynamics of the accident are still under investigation.
Study on alternative marine fuels as potential marine pollutants and the effectiveness of response measures
Lisbon
It was commissioned by the European Maritime Safety Agency
The first in-person meeting of the international working group "Cruises & Port Cities" will take place in Taranto.
Taranto/La Spezia
Pisano (AdSP Liguria Orientale): the relationship between the city and the port is strategic, particularly in relation to cruise traffic
G20 merchandise trade trend to fluctuate in the fourth quarter of 2025
Paris
Trade in services is growing
Extension of incentives for rail freight shunting in ports
Rome
Paper (Fermerci): the sector, however, continues to suffer as demonstrated by the overall data for 2025
Saipem has been awarded a further offshore contract in Saudi Arabia
Milan
Order worth approximately 500 million dollars
MPC Container Ships revenues decreased by -4.3% in 2025
Oslo
Net income was $236.4 million (-11.4%)
The new offices of the Eastern Sicily Port Authority have been inaugurated in the port of Pozzallo.
Pozzallo
Contract worth approximately 750 thousand euros
Finmar appointed agent in Italy for United Global Ro-Ro
Genoa
Two services scheduled with stops at the port of Genoa
Contract awarded for the expansion of the San Cataldo Pier in the port of Bari
Bari
They will be carried out by the Rti Fincantieri Infrastructure Opere Marittime, Boskalis Italia, Zeta and e-Marine
The digital registry of maritime workers and the digital navigation booklet are law
Genoa
Article 11 of Legislative Decree 19/2026 establishes AGEMAR
DB Cargo plans to cut around 6,000 jobs
Berlin
Negotiations with employee representatives to begin soon
In 2025, containers transported by RCL's fleet increased by +8.8%
Bangkok
Revenues from this activity grew by +5.2%
Regarding Tardini's nomination as president of the Western Sicily Port Authority, Salvini and Schifani have (for now) buried the hatchet.
Palermo
Annual container traffic grows by 5.4% at HHLA port terminals
Hamburg
Record revenues expected at 1.76 billion euros (+9.9%)
Container traffic at the Port of New York is expected to grow by 2.3% in 2025.
New York
Significant increase in full containers for export
Politics and Assiterminal celebrate the extension of the port bonus
Rome/Genoa
Ferrari: understood the value of the planning behind the reformulation of the law
Container traffic at the port of Hong Kong decreased by -3.2% in January
Hong Kong
1.13 million TEUs were handled
Costamare secures $940 million in revenue from the charter of 12 container ships
Monk
Cargo traffic at the port of Singapore grew by 13.0% last month.
Singapore
Containers amounted to 3,892,370 TEUs (+11.3%)
CMA CGM has ordered six 1,700 TEU LNG containerships from Cochin Shipyard.
Marseille
By the end of the year, the number of Indian seafarers on board the French group's ships will rise to 1,500.
Filt Cgil, meeting on the importance of Article 17 of Law 84/94
Rome
It will be held tomorrow in Rome at the Frentani Congress Center
Britta Weber has been appointed as the new chief executive officer of the Hupac Group.
Noise
He is the current vice president of UPS Healthcare for Europe and Asia.
Saipem to acquire mobile offshore drilling unit for $272.5 million
Milan
Agreement with Norwegian Deep Value Driller
The 59th edition of the San Giorgio Award will be held in Genoa on February 20th.
Genoa
The Targa San Giorgio will be awarded to Gian Enzo Duci
Filt Cgil appeals against Cartour's authorization to carry out lashing and unlashing operations.
Medlog inaugurates a logistics park at Dammam's King Abdulaziz Port
Geneva
It occupies an area of over 100 thousand square meters
Manageritalia and Assologistica sign the renewal of the Ccnl managers of the logistics
Rome
Monthly gross earnings increase at 750 Euros in three tranche
Subscribed a binding agreement for the acquisition of Qube by Macquarie Asset Management
Sydney
It was unanimously approved by the Australian logistic group Cda
Meyer Turku completed the design of a cruise ship to zero net emissions
Turku
The main fuel is biomethanol
Last year the turnover of Kalmar grew by +1%
Helsinki
Operating income, net profit and new orders in increase respective of +26%, +28% and +8%
Terminal Investment Limited puts hands on the Peruvian port of Pisco
Lima
Acquired the Portuario de Paracas Terminal
Assagenti urges a more constant and timely information on the progress of the work of the new dam of Genoa
Grimaldi has taken delivery of the Grande Michigan
Naples
It is the eighth Pure Car and Truck Carrier ammonia ready of the Neapolitan group
Meeting between the presidents of the Maritime Federation and Assoporti
Rome
Mario Mattioli and Roberto Petri addressed the main issues of the maritime cluster
Morocco's Marsa Maroc participates in the development of the port of Monrovia
Casablanca
Contract for the management of two docks and the construction of a multipurpose terminal
South Korea's Pan Ocean buys ten VLCCs from compatriot SK Shipping
Seoul
Transaction valued at approximately $668 million
Roberto Mantovanelli has been appointed Secretary General of the Northern Adriatic Port Authority.
Venice
The 2026-2028 Three-Year Operational Plan for the Ports of Venice and Chioggia has been approved.
Stefano Messina has been confirmed as president of Assarmatori
Rome
He will also lead the shipowners' association in the four-year period 2026-2030
In 2025, Albanian ports handled a record traffic of 8.2 million tons of goods (+6.2%)
Tirana
A new peak in passengers also amounted to 1.7 million units (+6.4%)
WASS (Fincantieri) has been awarded a contract by Saudi Arabia for the supply of lightweight torpedoes
Trieste
The order is worth more than 200 million euros
Oxin (Somec) awarded a major order for the construction of kitchen, pantry, catering and bar areas for two cruise ships
San Vendemiano
The value of the order is 53 million euros
Sogedim launches a daily service between Carpi and Campogalliano/England
Carpi
Daily shuttle departing from the logistics hubs of Campogalliano, Carpi and Prato
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
Filt Cgil, meeting on the importance of Article 17 of Law 84/94
Rome
It will be held tomorrow in Rome at the Frentani Congress Center
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 File
PRESS REVIEW
Russian shipbuilding holding USC designing high ice-class container ship for Rosatom for Northern Sea Route
(Interfax)
Auction of megaterminal in Santos may be postponed due to deadlock within the Federal Government
(A Tribuna)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Danaos Corporation reports record quarterly and annual revenue.
Athens
Profits are falling
CPPIB and OMERS are considering selling their 67% stake in Associated British Ports.
London
Maersk orders eight 18,600 TEU dual-fuel containerships
Copenhagen
Built by New Times Shipbuilding Co., they will be delivered between 2029 and 2030.
PaxOcean opens new shipyard in Singapore
Singapore
It occupies an area of 17.3 hectares
The largest container ship ever arrived in the port of Trieste
Trieste
Port of call of the "MSC Diana" which has a capacity of approximately 19,000 TEUs
Antin Infrastructure Partners acquires U.S. shipbuilder Vigor Marine Group
New York
It has shipyards in Seattle, Portland, Vancouver, San Diego and Norfolk
In 2025, Moroccan ports handled a record traffic of 262.6 million tons of goods (+8.9%)
Rabat
Transhipment equal to 50.5% of the total
Yang Ming deploys first of five 15,500 TEU dual-fuel LNG vessels on Asia-Mediterranean route
Keelung
It will be used in the MD2 service
Study highlights challenges for LNG containerships in complying with future cold ironing connection requirements
Berlin/Hamburg
Fincantieri and Wsense reach agreement to offer cutting-edge underwater systems
Trieste
Co-development of advanced wireless technology solutions planned
Study finds high levels of persistent organic pollutants caused by shipbreaking activities
Brussels
Port of Livorno: tender for ship-generated waste management begins
Livorno
The expected value of the contract is over 40 million euros
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