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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
11:48 GMT+1
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BRIEFS
July 1, 2016
Sched Netweb site
  • MSC receives 19,224-TEU newbuilding on long-term lease
  • Maersk 'likely' to send bigger vessels through the expanded Panama Canal
  • OOCL tops all in service with all hitting 6-month high: Drewry
  • China to Kazakhstan's expressway route to transport cargo to Europe
  • CMA CGM's US$225/TEU Zanzibar congestion charge for 3-week delays
  • COSCOL's 5,380-RT car carrier makes local deliveries Nansha to Dalian
  • Ethiopian China-backed sugar export scheme suffers growing pains
  • UPS to build bigger US$100 million DC 30 kilometres south of Paris
  • China, India, Kenya improve their performance in World Bank report
  • Chapman Freeborn expands in India to meet demand for on board couriers
  • Istanbul airport bounces back, cargo flow little affected by terror attack
  • Lufthansa checks out Dhaka airport after Berlin bans Bangladesh cargo
  • Runways on roadways in India to reach most remote villages
  • Etihad Cargo launches Abu Dhabi to Brussels freighter service
  • Network Cargo Management clinches Angola TAAG GSA deal

Exim Indiaweb site
JUNE 30, 2016
  • Global Institute of Logistics names WFA 'Best in class'
  • ISWAN's International Seafarers' Welfare Awards 2016 presented
  • Liner service reliability seen at six-month high in May
  • Trade hopeful of smooth SOLAS VGM implementation
  • TT Club seeks to calm doubts regarding VGM on eve of effective date
  • UASC's shareholders unanimously approve proposed merger with Hapag-Lloyd
  • PSA Sical wins 'Container Handling Terminal of the Year' award
  • Total throughput up at Major Ports in April-May 2016

International Transport Journalweb site
  • Developments at European airports in April - Airfreight is...
  • Playmobil for France
  • French logistician invests in new business sectors
  • New CEO for Brazilian aircraft manufacturer
  • Atlasglobal flying to Hamburg
  • Australia: new signalling system in operation
  • Investing in Cuxhaven's offshore business
  • Plueger takes top slot at Air Lease Corporation
  • Emirates adds seventh flight to Bangkok
  • Enhancing customer relationship management
  • Boosting transport efficiency with digital innovations
  • Promotion of young blood for shipping
  • From Amazon to Ralph Lauren
  • Extra frequency added to Asiana's Rome service
  • New contract for container transportation
  • What's new in Europe's inland shipping sector?
  • From Silicon Valley to Airbus
  • More capacity on Manila - Seoul route
  • Swift swap at Cargolux
  • Laurels for liquid logistics company

IHS Maritimeweb site
JUNE 30, 2016
  • Seaspan buys newbuildings from partner GCI
  • London insurers demand immediate action on Brexit
  • Product tanker earnings seen to remain low in 2H16
  • Dry bulk demand growth seen at 4%, exceeds forecasts
  • SapuraKencana Petroleum wins USD125 million of contracts
  • Scaldis salvages sunken cargo ship Flinterstar
  • No plans to sell healthy business divisions to Samsung HI, says DSME
  • Polaris Shipping issues USD4.3 million corporate bonds
  • Japan looks to integrated projects to beat port and logistics shortfalls in Southeast Asia
  • COSCO Shipping orders three MPVs
  • CSIC to raise USD587 million to repay debts
  • Container shipping industry prepares for new VGM rule
  • Chinese cargo agents complain of shipper-carrier VGM squeeze

The Loadstarweb site
JUNE 30, 2016
  • Heathrow expansion decision postponed again - angry industry demands action now
  • ID Logistics drives into Europe's big league with €85m purchase of Logiters
  • Westports has 'nothing to fear' from planned CMA CGM terminal at Singapore
  • OOCL leads the pack as reliability becomes key to container line marketing strategy
  • DB Schenker takes exclusive European rights for uShip online freight booking
  • Dirk Reich quits as Cargolux chief; Richard Forson looks set to take back the reins

Marine Logweb site
JUNE 30, 2016
  • Ingalls and NASSCO each land major Navy contracts
  • Damen signs MOU with Australian shipyard
  • Wartsila acquires Eniram in deal valued at EUR 43 million
  • Austal halts trading in its shares
  • Paris MOU countries banned fewer ships last year
  • Chemical tanker hits moored sailboats, sustains bow damage

World Wide Shipperweb site
JUNE 30, 2016
  • Drewry multipurpose vessel review sees continued period of weak demand
  • US rail freight traffic count heads lower during week
  • CBP agents apprehend man crossing border to visit mother
  • AAPA believes ports will gain from Volkswagen settlement
  • Gener8 Maritime takes delivery of VLCC GENER8 CONSTANTINE

Lloyd's Listweb site
JUNE 30, 2016
  • Panama's big bet
    The timing wasn't perfect, but Panama is looking to the future
  • MSC confirms new pricing model for box lines
    European shippers continue to raise concerns about container lines' pricing practices
  • Genco offers to dispose of 10 vessels as condition to raise $125m in cash
    Agreement with potential investors is key to successful recapitalisation and $562m debt restructuring
  • The weight is over
    Rules on container weighing come into force on July 1
  • Tsakiris pledges American Hellenic to quality 'from day one'
    New marine insurer gains its official operating licence and will start with 600 vessels covered
  • Transpetro cancels seven tanker orders
    Parent company Petrobras is on a mission to cut debt and costs
  • BP's British Merchant will be first LNG ship through widened Panama Canal
    But jury is still out on the waterway's potential impact on LNG shipping
  • Six opportunities on the seas of an LNG glut
    LNG prices may be low, but financial pressures may actually be good for the industry
  • Hyundai Heavy Industries offloads Hyundai Motor shares
    Sale should raise around $200m in total proceeds for HHI
  • Seaspan buys two newbuild boxships for $195.6m
    Vessels to start 17-year bareboat charters with Mediterranean Shipping Co upon delivery
  • Clean product tankers edge higher on stronger trade
    Product tankers likely got a boost in the aftermath of the Brexit vote
  • Shipping Corporation of India to focus on growth across segments
    Company has mapped out long-term plan to nearly double its fleet in years ahead
  • Teekay completes $1bn financing drive
    Group reduces financial leverage and improves its liquidity position
  • Malaysia's PTP to invest $2.1bn to more than double capacity
    Port of Tanjung Pelepas sees handling capacity reaching 22.2m teu annually before 2030 from current 10.5m teu
  • Otto Marine asks bondholders to back delisting
    A precondition for delisting is to obtain approval to extend the maturity date of its notes by an additional six months
  • Star Bulk losses widen to $49m in first quarter
    Steeper losses down to more impairment charges amid 'weakest market conditions in 30 years'
  • Port of Oakland approves budget for fiscal year 2017
    New budget is 1.7% higher compared to previous fiscal year's
  • Buying activity pulls dry bulk asset values up
    A number of recent deals help lift secondhand prices to more than five-month high

The Journal of Commerceweb site
JUNE 30, 2016
  • Facing low demand and new rules, truckers pile into last-mile logistics
  • NACPC chassis co-op to lease directly to Houston truckers
  • US ports could tap multibillion Volkswagen settlement for clean air projects
  • China Cosco claims Greece changed terms of Piraeus port deal
  • ILA, USMX still talking, but eyeing shorter deal
  • Aggressive NTSB lead investigator on El Faro sinking retires
  • Japan invests beyond Southeast Asia FTZs to fully realize gains
  • Ready or not, here comes the new container weight rule
  • Chinese cargo agents caught between SOLAS fees and no loading

TradeWindsweb site
JUNE 30, 2016
  • Genco misses $125m equity raise
    Dry bulk owner has waivers through third quarter, but fails to meet equity targeted in refinance deal.
  • Costamare shares fall on dividend worries
    Equity analyst says sector faces weakness through 2018 until bottoming out begins.
  • Greek government makes Piraeus U-turn
    In less than 24 hours, Greece amends the terms of port sale in order to abide with previous agreement.
  • Wah Kwong confirms Tim Huxley exit
    Chief executive's post is up for grabs at key Hong Kong shipowner.
  • Havyard extends bonds by 18 months
    Investors back Norwegian shipbuilder's plan to stretch payments but increase interest.
  • Genco's lenders want smaller fleet
    Bulker owner wins easier terms for its $562m in debt, offering runway through 2018.
  • Gener8 Maritime lands larger VLCC loan
    Peter Georgiopoulos-backed owner has now raised over $2bn in capital in the past year.
  • Vernicos closing on another Pac Basin tug
    Greek owner set to add another ship from bulker owner in the middle of tug sell-off.
  • Paris MoU access bans fell in 2015
    Port state organisation highlights downward trend from analysing nearly 18,000 inspections.
  • Tim Huxley quits Wah Kwong
    Chief executive's post is up for grabs at key Hong Kong shipowner.
  • Hansson: Brexit impact not significant
    NAT boss unconcerned by UK referendum result; rules out equity issues to support ongoing growth.
  • Greece to re-examine Piraeus sale terms
    Objection letter sent from Cosco yesterday triggers a last-minute reconsideration of port agreement.
  • HSH dumps $5.6bn of bad loans on to state owners
    German bank completes transfer of non-performing shipping loans as part of its restructuring.
  • Tufton Oceanic shoots down suezmax talk
    Executives say chatter surrounding tanker buy is inaccurate.
  • Braemar boss brushes off Brexit impact
    James Kidwell says referendum result will not lead to a revision in strategy.
  • Ex-DSME boss Nam charged over fraud
    Former shipyard CEO facing trial on embezzlement and negligence counts.
  • Dredger sinks after collision with boxship
    Macuti breached by clash with Panamanian vessel off Mozambique.
  • ABN AMRO downs tanker, LNGC owners
    Scorpio Tankers, Exmar and Ardmore among companies that have had their outlook cut.
  • Tanker hits three yachts in the US
    Ace Tankers vessel takes on water after hitting three boats moored near Portsmouth, New Hampshire.
  • Xeneta: Brexit uncertainty to hit boxships
    Freight exchange says increased unpredictability after UK referendum will take its toll on the container sector.
  • BP bags first LNG transit slot
    Energy major set to make history in expanded Panama Canal.
  • Minister: 60,000 Korean yard jobs to go
    Finance minister says 'pre-emptive' efforts needed to save struggling shipbuilders.
  • Cruiseship develops list in India
    Qing suffers water ingress in monsoon rains at WIS yard in Mormugao.
  • SapuraKencana looks to builds order backlog
    Malaysian offshore company also looks to downstream sector due to shortage of upstream projects.
  • SapuraKencana Petroleum makes poor start to 2016
    Analysts expect results at Malaysian offshore vessel company to deteriorate further later in the year.
  • Seaspan acquires two newbuildings from GCI
    Deal will also see US-listed container leasing company add vessel charters to backlog.
  • Liner industry reliability continues on upward curve
    Spread between most and least reliable was below 11 points as all lines scored above 70%.

American Shipperweb site
JUNE 30, 2016
  • Seaspan acquires two 11,000-TEU newbuilding vessels
  • Senate confirms Maffei to serve on FMC
  • Sub-Saharan Africa's non-oil exports to U.S. skyrocket
  • New VGM rule takes effect tomorrow
  • U.S. study finds 92% of U.S. exports face technical barriers
  • UASC shareholders agree to Hapag-Lloyd merger
  • Infor fully acquires retail analytics provider Predictix
  • Xeneta: Brexit will create widespread disruption across container shipping industry
  • Wen-Parker Logistics opens new UK office
  • Survey: Less than 20% of logistics companies prepared for Brexit
  • Deutsche Post DHL CFO Rosen to retire

The Bunker Bulletinweb site
JUNE 30, 2016
  • INFOGRAPHIC: Expanded Panama Canal Gives Market New Trading Options
    Opens shorter routes
  • Panama Canal expansion opens up new opportunities for bunkering: conference
  • Singapore's Brightoil opts not to complete bunker barge acquisition
    But will buy vessels over longer period of time.
  • Durban refineries' stock-taking deprives market of bunker quotes
  • PRESS RELEASE: Gener8 Maritime, Inc. Announces Amendment to its Sinosure Facility Agreement to Provide Financing for Two Additional New
  • GLOBAL VLCC TRACKER: Iranian sailings spring to fresh post-sanction highs
  • Mumbai bunker supplier HPCL still out of 380 CST stock
    Supplies expected next week.
  • VLCC loadings tighten bunker availability in Rotterdam: sources
    Loading activity to last up to three days.
  • Singapore cuts port dues by 25% for LNG-fuel, cleaner fuel ships from July 1
    Measures made in anticipation of global sulfur cap.
  • TENDER DATA: Turkish Tupras offers 33,000 mt HSFO for July 21-23: sources
  • TENDER DATA: Hellenic offers 30,000 mt of HSFO for July 16-20 loading
  • PRESS RELEASE: Gener8 Maritime, Inc. Announces Delivery of the Gener8 Constantine
  • Singapore HSFO cracks hit six-month high on lower supply
    Little over 3 million mt of western arbitrage FO to arrive in Singapore in July.
  • Duration of oil price rally hinges on O+G fundamentals: S&P Global analysts
    Traceable to short-term events.
  • Oil complex posts sharp gains on US stock draw, calm after Brexit
    NYMEX August light sweet crude settled $2.03 higher at $49.88/b
  • Baltic Exchange, SGX extend exclusive buyout talks to Aug 31
    The exclusivity agreement was signed on May 25 and was initially due to expire June 30.
  • US fuel oil markets at strongest in 2016; local market having little price impact: sources
    US Gulf Coast 3%S fuel oil was assessed at $37.20/b Wednesday, the highest since $37.45/b on October 8, Platts data showed.

›››File
FROM THE HOME PAGE
PORTS
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
SHIPPING
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
CRUISES
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
PORTS
Signed the final agreement on the contract of port workers
Rome
COMPETITION
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
ENVIRONMENT
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
COMPANIES
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
PORTS
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
INDUSTRY
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
PORTS
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.
COMPETITION
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
PORTS
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
SHIPYARDS
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.
ENVIRONMENT
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
LOGISTICS
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%
SHIPPING
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%
PORTS
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
SHIPPING
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
SHIPPING
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.
PORTS
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
SHIPPING
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
PORTS
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%)
INTERMODAL TRANSPORT
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
SHIPPING
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
STUDIES AND RESEARCH
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
COMPANIES
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
PORTS
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.
EDUCATION
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
MEETINGS
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"
MOURNING
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
NEWS
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
ASSOCIATIONS
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
NEWS
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
SHIPPING
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
SHIPPING
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
PORTS
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
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
INTERMODAL TRANSPORT
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
PORTS
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
PORTS
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%
PORTS
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
PORTS
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.
LOGISTICS
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.
MEETINGS
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
COMPANIES
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
PROGRESS AND TECHNOLOGY
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
COMPANIES
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
PORTS
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
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
MEETINGS
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
Autorità di Regolazione dei Trasporti
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
COMPANIES
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
PORTS
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
PORTS
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
COMPANIES
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
PORTS
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
SHIPYARDS
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
SHIPPING
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
COMPANIES
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
PORTS
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
PORTS
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
COMPANIES
The French state has acquired 80% percent of the capital of Alcatel Submarine Networks
Calais
The company has a fleet of seven posacavi vessels
COMPANIES
Eurizon Capital (Intesa Sanpaolo Group) has acquired a majority stake in Germany-based
Milan
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