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04 October 2025 - Year XXIX
Independent journal on economy and transport policy
18:47 GMT+2
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May 4, 2023

free news
Exim India web site
MAY 4, 2023
  • AMTOI & SEPC ink MoU to boost opportunities and competitiveness in maritime transport & logistics services
  • Wan Hai establishes new office in New Delhi
  • India a key driver of global growth in 2023: IMF
  • Issues related to port charges for DPD-CFS containers
  • Ministry aims at reducing dependence on substitutable coal imports
  • FFFAI partners with 21CC Education to skill member employees
  • Capacity seen impacted as liner operators reduce sailing speed
  • Maiden containerised movement of cargo from SMPK to ICD Siliguri
  • YOU ASK.. WE ANSWER...
  • Chennai Port to Maduravoyal elevated expressway project attracts multiple bidders
  • Fear of choking at Chittagong port after transit facility to India
  • FASTag collection at all-time high
  • Shigeki Iwama takes over as CEO of Honda India Power Products
  • India, Russia discuss RuPay, Mir cards acceptance

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International Transport Journal web site
MAY 4, 2023
  • Geis acquires majority stake in Quehenberger
  • Intermodal service from Italy to France
  • Large order placed for Class 3 EV trucks
  • Faster deliveries between Germany and Ireland
  • JAL to bring back maindeck capacity
  • Malta Freeport Terminal's extension plan
  • Ian Morgan joins ECS Group
  • Hungary to receive first Effi Shunter
  • MEM promotes Terry Blue to president/CEO
  • Fedex enhances same-day delivery service in Korea
  • Roundtable at Stockholm Norvik Port
  • CFS speeds up access to Chittagong's Port
  • Grey Orange: Akash Gupta steps into the CEO role
  • AAL Shipping showcases "Super B-Class"
  • Hinterland transports for EV battery manufacturer
  • "Curiosity of the Day"
  • Canine detectives to sniff out lithium batteries

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The Loadstar web site
MAY 3, 2023
  • MSC leads a standalone charge, but most carriers need their VSAs
  • Contender Sinotrans beats Expeditors and DHL, overshadows all top rivals
  • Traffic jams worldwide playing havoc with car-carrying vessel schedules
  • DHL and Expeditors in Q1: 'well, it could have been worse'
  • 'Shadows on the horizon' arrive for Lufthansa Cargo in Q1
  • It's show time: the curtains open on logistics
  • Californian ports join forces to push data flow between stakeholders
  • Chinese start-up GFL launches link from Busan to St Petersburg

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Marine Log web site
MAY 3, 2023
  • Austal Vietnam launches high-speed cat for French Polynesia
    Austal Vietnam's Vung Tau shipyard has successfully launched a new high-speed catamaran being built for the Degage Group of French Polynesia. Ordered in 2021, the 66 meter Apetahi Express (Austal Hull 425)
  • VIDEO: Iran grabs another tanker in Strait of Hormuz
    U.S. Central Command has released video of an incident today, May 3, when at approximately 6:20 a.m. local time, the Panama-flagged oil tanker Niovi was seized by Iran's Islamic Revolutionary Guard Corps
  • Philly Shipyard lays keel for third NSMV training ship
    The National Security Multi-Mission Vessel (NSMV) training ship program is rolling right along. On May 1, Philly Shipyard hosted a keel laying ceremony for the third of the five new purpose built,
  • MARAD announces 2023 Small Shipyard Grant winners
    The U.S. Maritime Administration (MARAD) has announced $20.8 million in grant awards to 27 small shipyards in 20 states through the Small Shipyard Grant Program. Since 2008, the program has awarded $303

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Container News web site
MAY 3, 2023
  • Port of Gdansk elects new president
    tukasz Malinowski has been elected by the supervisory board as president of the management board of the Port of Gdansk Authority. The new chief executive officer is an experienced manager and legal advisor with 20 years of professional experience, specialising in corporate management and legal teams. For the past three years, he has managed the operations of the Gdansk branch of Energa-Operator S
  • German and Latvian ports strenthen their cooperation
    A group of top Latvian transport and logistics businesses, led by Uldis Reimenis, deputy undersecretary of the Latvian Ministry of Transport, visited Hamburg and Lübeck in Germany from 26 to 28 April. The German-Latvian Port Forum in Lübeck on 27 April was a highlight of the delegation's visit, organised jointly by Port of Hamburg Marketing and the Port of Lübeck, among others. The three-day agen
  • BIMCO: Liner supply falls as operators reduce average sailing speed
    In this week's "Shipping Number of the Week", BIMCO's chief shipping analyst, Niels Rasmussen, looks at the liner operators' practice of reducing the average sailing speed in the wake of the pandemic, a practice that could see sailing speeds fall by 10% before 2025, affecting supply. "During the Covid-19 pandemic liner operators increased the average sailing speed by up to 4% due to strong demand
  • Contecon Guayaquil handles its largest container vessel
    Contecon Guayaquil S.A. (CGSA), an ICTSI-operated terminal in Ecuador, handled the largest vessel in its history in April. More specifically, on 4 April, CGSA received the maiden call of the Maersk Camden, a Liberian-flagged vessel with a capacity of 15,413 TEUs. The 365.9-meter-long ship is deployed on Maersk's AC2 service, which connects Asia with Latin America through the ports of Lazaro Carde
  • Port of Aberdeen invests US$69 million to become UK's first net zero port
    Scotland's Port of Aberdeen has announced a US$69 million investment over the next ten years to become the United Kingdom's first net zero port by 2040. The net-zero promise follows the port's recent investment of more than US$625 million in infrastructure. This includes the South Harbour development, which will open up new business potential in the energy transition, such as offshore wind, hydro
  • Malta Freeport launches terminal expansion
    Malta Freeport Terminals has reached a historic deal with the government to commence its first terminal expansion in two decades. The extension of Malta Freeport will strengthen the facility's position as a premier transshipment centre while also benefiting the local economy and the environment, according to a statement. The project is expected to lengthen the north quay at the Freeport's Termina
  • Thessaloniki Port Authority and dockworkers sign new three-year collective labor agreement
    Thessaloniki Port Authority (ThPA) has announced the successful completion of the negotiations with the Federation of Stevedores of Greece (OFE) and the final agreement for the three-year period (2023-2025) Collective Labor Agreement (CLA). This agreement will regulate the terms of wages and working conditions of the dockworkers at the second largest port in Greece. President of OFE, Simeon Lefth
  • Cargotec, SSAB partner to bring zero-emission recycled steel to the cargo and load handling industry
    Cargotec and SSAB are expanding their collaboration by introducing SSAB ZeroTM, a fossil carbon emission-free recycled steel, to the cargo and load handling industry. This year, Cargotec intends to progressively incorporate this steel into its products. Already, the collaboration has resulted in the launch of the world's first load-handling equipment, a MULTILIFT hook lift built of fossil-free ste
  • Maersk inaugurates new office in Oman
    A.P. Moller - Maersk expands its network in Oman with a new office, the third one in the country. Maersk's new corporate office is located at SOHAR Freezone, and, along with the other two offices in Muscat and Salalah, covers an important part of the country. "SOHAR Freezone was a natural choice for us to set up our new office because of its strategic location at the port and the world-class infr
  • JAXPORT seeks proposals to lease industrial land at the Talleyrand Marine Terminal
    The Jacksonville Port Authority (JAXPORT) has issued a request for proposals (RFP) for a long-term lease of around 320,000 m² of industrial land at the Talleyrand Marine Terminal. The site provides direct access to paved, fenced property in four adjacent parcels at the marine terminal, a berth alongside Jacksonville's federal shipping channel, on-dock rail by multiple providers (direct switching
  • Container volumes drop at Germany's major box port
    The duisport Group said its container throughput declined by 7% to approximately 4 million TEUs in the financial year 2022. In the same period, the duisport Group handled 54.9 million tonnes of goods via ship, rail, and truck. Total traffic in all Duisburg ports (including private works ports) dropped by 5.7% in 2022 to 104.9 million metric tonnes. Amid the challenging market conditions, the Germ
  • Vancouver sees lower TEU volumes in 2022
    Container traffic at the Port of Vancouver declined by 3% to 3.6 million TEUs, due to inland supply chain congestion. Imports fell 4% to 1.8 million TEUs, while exports dropped 2% to 1.7 million TEUs. Overall cargo volumes via the Canadian port decreased by 3% in 2022, following a 3% increase in the second half of the year, fuelled by Canadian resource exports. Furthermore, according to the Vanco

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Splash web site
MAY 3, 2023
  • Concordia Maritime offloads product tanker
    Stena-backed Swedish tanker player Concordia Maritime has sold its 2010-built post panamax products carrier to a European buyer for delivery in the second quarter of 2023. The sale of the 65,200 dwt ship, VesselsValue estimates as worth $29.1m, is expected to have a positive liquidity effect of around SEK215m ($21m) after repayment of the remaining ...
  • South Korean yard readies for FLNG sector growth
    South Korea's Samsung Heavy Industries (SHI) has developed a design for what it says is a next-generation floating liquefied natural gas production facility (FLNG). The shipbuilder is aiming at field developers who want "quick and efficient development". The unit described as a nearshore multipurpose LNG floater has received approval in principle from class society DNV ...
  • PXGEO awarded 3D survey contract
    Peter Zickerman's marine geophysical service provider PXGEO has secured a contract for a 3D marine towed streamer survey for an unnamed exploration company in Oceania. A former Schlumberger executive Tony Bowman, who was recently appointed chief executive of PXGEO, said the survey will follow the successful completion of a three-month project for TGS in Asia ...
  • Iran seizes second tanker in a week
    Iranian forces have seized an oil tanker in the Strait of Hormuz, the second such incident in less than a week. The US Navy said the Panama-flagged VLCC was seized by Iran's Islamic Revolutionary Guard Corps Navy (IRGCN) around 6.20 hrs local time while transiting from the Arabian Gulf toward the port of Fujairah in ...
  • Dubai issues new directive on transparency of local sea container charges
    The Dubai Maritime Authority (DMA), which oversees all aspects of the maritime sector in Dubai, has issued a new directive on the transparency of local sea container charges. The directive, which took effect this month, requires all service providers to declare their local sea container charges to the DMA via the Dubai Trade Single Window ...
  • Atlantica snaps up supramax
    Sources tell Splash that Norwegian asset player Atlantica Shipping, led by Johan Werner, has sealed its first bulker purchase this year, tabling just under $16m for 14-year-old, Mitsui Tamano-built supramax , a ship which was listed owned by Bancorp in the US according to MarineTraffic. The new addition brings Atlantica Shipping's supramax arm up to ...
  • DEME scores French wind hat-trick
    DEME Offshore has secured three contracts with a combined value of more than €300m ($331m) for the Dieppe Le Tréport offshore wind farm in France. This is the third large-scale offshore wind farm project for the Belgian marine contractor in France, following Saint-Nazaire and the recent contract award for the Iles d'Yeu and Noirmoutier wind ...
  • Diana sells majority stake in ultramax to Norwegian player
    New York-listed Greek bulker owner Diana Shipping has sold 75% of the 2016-built ultramax DSI Drammen acquired in February this year to an unnamed Norwegian entity and also secured a new fixture for one of its ships. The Semiramis Paliou-led firm, which bought the 63,379 dwt scrubber-fitted vessel from Norden for nearly $28m, will keep ...
  • Subsea 7 and SLB alliance bags BP contract in Egypt
    Subsea Integration Alliance, a non-incorporated tie-up between Subsea 7 and SLB's OneSubsea has been awarded a contract by BP and its joint venture partner Wintershall Dea for the Raven Infills project, offshore Egypt. The contract covers two-well tieback in the West Nile Delta block and includes the engineering, procurement, transport and installation of approximately six ...
  • TechnipFMC lands large subsea contract in Guyana
    TechnipFMC has won a large contract from ExxonMobil affiliate, Esso Exploration and Production Guyana, to supply the subsea production system for the Uaru project. The contract, which is the company's fifth within the Stabroek block, covers project management, engineering, and manufacturing to deliver the overall subsea production system. The award includes 44 subsea trees and ...
  • Cara slims cape fleet
    Cape sales are slowly ticking in after some slow weeks with few sales to report compared to a Manic march. Sales chatter surrounds a ship owned by cape specialist Cara Shipping, Rizhao Steel's cape arm. Brokers note the , a 2010-built Shanghai Waigaoqiao Shipbuilding, has been sold for $24.5m to undisclosed interests on private terms. ...
  • Tanker markets at decades-high: Danish Ship Finance
    Danish Ship Finance has published its latest keenly awaited biannual shipping markets report, backing up coverage led by Splash Extra that suggests the tanker trades are on course for their best earnings this century. The influential report, which tends to be read by thousands within the industry, covers all the main sectors, but reserves its ...
  • Goodbye lipstick red, hello baby blue: Hamburg Süd brand fades from view
    Goodbye lipstick red, hello baby blue. Maersk's rebrand of a venerable name in German shipping is seeing an old livery painted over. Maersk announced at the end of January it was moving towards a single, unified brand that will see shipping lines including 152-year-old Hamburg Süd, acquired in 2017, and SeaLand as well as newer ...
  • New by name: China's latest liner entrant makes waves
    One of China's latest entrants into liner shipping has a name to reflect its status. Newnew Shipping is one of a host of new local container brands servicing the China - Russia tradelane. Newnew is a subsidiary of Torgmoll, a logistics group, with Alphaliner reporting it has recently bought the 3,700 teu, 2007-built Northern Debonair ...
  • Deck blasted into air in aframax explosion
    Three crew are presumed dead from Monday's explosion in Malaysian waters on the 1997-built , an aframax tanker, with a history of transporting Iranian crude. Dramatic images and videos of the incident have emerged - with almost the entire deck of the ship being blown into the sky. Malaysian authorities were able to extinguish the ...
  • Three crew kidnapped from Eagle Bulk ship off Gabon
    Three crew were kidnapped yesterday when the , a 2010-supramax belonging to Eagle Bulk, came under attack just after midnight from pirates at the Owendo Anchorage in Gabon. The ship remains at anchorage with the remaining 17 crew reported unharmed. The waters around Gabon and the Gulf of Guinea have become a hotspot for piracy ...
  • Of camels and horses
    In his monthly column, Pierre Aury assesses where the global economy - and shipping - is on the path to cutting emissions. Hint: not very far. The Intergovernmental Panel on Climate Change (IPCC) released its sixth assessment report on March 20. Before we dive into it and see then how shipping is faring on the ...
  • Scorpio Tankers closing in on up to $1bn financing
    Monaco-headquartered Scorpio Tankers is lining up a new financing deal of up to $1bn that would enable it to repay and re-finance more expensive lease financing, along with financing certain of its unencumbered vessels. The Emanuele Lauro-led owner and operator of 113 product tankers has revealed talks with a group of financial institutions for a ...

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Lloyd's List web site
MAY 3, 2023
  • Iranian oil keeps flowing despite sanctions
    Islamic Republic maintains its vital economic lifeline, largely due to robust Chinese demand
  • Greek shipping on high alert after Iran hijacks second tanker in a week
    A total of 53 seafarers are now being held by Iranian forces after Iran seized a second tanker on Wednesday
  • LNG and methanol vessel orders picked up in April
    LNG and methanol continue to be the most popular alternative fuel choices among shipping companies ordering new vessels, while concerns...
  • Shell companies obfuscate details behind class society for Iran-linked tanker that exploded off Malaysia
    Management of Foresight cannot be traced. The organisation is only authorised to provide class services for Mongolia and Sierra Leone...
  • Containership charter rates continue to edge upwards
    While charter rates have nudged upwards and periods have increased, a flood of newbuilding deliveries remains a concern during a...
  • Rotterdam's quarterly bunker sales boosted by high-sulphur fuel demand
    LNG bunkering picked up in the first quarter in Europe's largest bunkering hub, as prices fell sharply during the period
  • Changing lanes: Growing independence as alliances evolve
    While key box carriers have continued to enhance their respective fleets, there is an increasing tendency to go it alone...
  • MSC sells more boxships for recycling as scrap prices drop
    Ship recyclers in Alang have snapped up three vintage MSC containerships in the past fortnight, together with a 1985-built forest...
  • Malta to expand container terminal capacity
    Project to lengthen quays, so they can handle the biggest containerships, is expected to take two years
  • Norden revenue boosted by strong market and asset disposals
    Company generated $150m in first quarter of the year profit and a return on equity of 40%, says chief
  • 'Flawed' CII rating complicates charterparty talks and trade designs
    The implementation of the CII could also alter trade patterns as designing and planning slick triangulation voyages may prove to...
  • Iran hijacks Greece-owned VLCC
    This is the second tanker seized in seven days in retaliation for the US seizure of Iran-origin oil on a...
  • Daily Briefing
    Dark fleet tanker Pablo changed flags six days before fatal casualty | Greece shipping ministry 'warned of Iran risk' days...
  • Singapore's bunker ammonia timeline 'not realistic,' says MPA
    Risk identified for conducting ammonia-related pilots in Singapore found to be low or mitigable, according to study, but city-state's regulatory...
  • AD Ports invests $260m in tankers and bulkers to expand fleet
    Company continues to expand its shipping capabilities and diversify its business across the Central and South Asian region
  • West P&I appoints Paulson as Asia head
    Appointment reflects continued growth of Asia as a shipping centre and the region's importance to West, says club

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The Journal of Commerce web site
MAY 3, 2023
  • ILWU, management approve manning deal for non-automated LA-LB terminals
    An agreement on manning requirements at conventional terminals at the ports of Los Angeles and Long Beach could open the door for a deal on a tentative coastwide contract in the next couple of weeks, sources say.
  • FMC crackdown on ocean carrier billing prompts Houston per diem change
    The Port of Houston is changing its tariff to align with ocean carriers who are no longer charging detention and demurrage fees when terminal gates are closed, but it's also increasing its own fees to incentivize cargo movement.
  • US shipping interests want FMC to regulate rail storage fees
    Currently, there is no US regulatory agency with direct authority to oversee application of rail storage fees under ocean carriers' through bills of lading and to determine whether those charges are assessed properly.
  • Textainer CEO sees better H2 ahead for container shipping
    While the executive expects some level of demand rebound in the second half, he hedged that the summer season may not be as healthy as a typical year given uncertainties in the economy and consumer sentiment.
  • Rail savings persisted in Q1, but were down from a year ago: ISI
    Intermodal shippers are saving less than a year ago, but they should anticipate that savings will increase in the months ahead as more annual contracts are signed.

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TradeWinds web site
MAY 3, 2023
  • Paying dividends: Genco Shipping proves it means business with reserve draw
    New York shipowner misses analyst estimates but has seen bookings improve 20% in current quarter's market rebound
  • Tanker seized by Iran was at the centre of a cargo dispute
    US-based pressure group suspects that the Niovi has been held because of a dispute over oil unloaded in China
  • Lindblad ekes out a profit as revenue more than doubles
    New York-listed cruise ship operator beat analyst consensus for this year's first quarter
  • Green methanol demand for maritime to hit 255m tonnes by 2050, MAN says
    Engine designer expects is working on methanol engine retrofits and expects to be announcing projects soon
  • Algoma Central keeps quarterly loss flat as revenue spikes but so do costs
    Prolonged global recession and Russia-Ukraine conflict may hurt financial performance in second quarter, owner says
  • EMS-Fehn-Group chief executive Manfred Muller dies at 56
    Head had built up wide ranging German transport group
  • Tanker seized by Iran linked to oil transfer with now-sanctioned vessel
    The Niovi could be the third ship targeted by Iran that was involved in oil transfers with a vessel hit by US sanctions
  • Hapag-Lloyd shrugs off eco-lobby and approves bumper €11bn dividend payout
    Environmentalists lose battle to see more of profits directed to greener shipping
  • Shift to tanker and bulker orders may see alternative fuelling choices fall
    Classification society DNV says March of methanol and LNG rolled on for newbuildings during April
  • Scorpio Tankers buybacks 'highly advantageous' as discount to net asset value grows
    Clarksons Securities says repurchases will provide good value after stock sinks 10% in a month
  • 'Good margin': Concordia cuts fleet to three tankers with latest sale
    Swedish owner to boost liquidity by $21m by shedding panamax vessel
  • John Kartsonas launches tanker exchange-traded fund in New York
    ETF hopes to replicate success of its dry bulk counterpart
  • Knut Ugland ordering bulkers again as profit hits new record
    New owner of Norway's JJ Ugland pledges to be an active shipping player
  • Tanker-focused exchange-traded fund launches on the New York Stock Exchange
    ETF hopes to replicate success of its dry bulk counterpart
  • Green Seas: A US judge mulls court's say over seafarer rights in pollution probes against ships
    Environment newsletter looks at a debate over whether US courts can review detention of seafarer witnesses in pollution cases
  • Former Danish Shipping climate chief Skipper Schwenn re-emerges with new role
    Policy expert joined by biofuels executive Manja Ostertag as Denmark's Bunker Holding expands
  • 'Year of the VLCC': Biggest tankers take market share as US replaces Russian barrels
    VLCCs have emerged as biggest winners in the trade reshuffle leading to greater volumes on US Gulf to Europe route
  • Wallenius sets up new ro-ro link between Sweden and Poland
    Joint venture, Lakeway Link, formed with compatriot logistics company Greencarrier using new design vessels
  • Sumeet Malhotra named co-head of WFW's mining and commodities team
    Experienced Singapore shipping and trade lawyer to join London-based counterpart Jan Mellman in running global operations
  • CMA CGM embarks on chartering spree for larger container ships
    Liner giant linked to long-term fixtures of up to nine 7,500-teu newbuildings
  • Seapeak scrapped LNG steamship due to 'limited' chartering options
    Company slimmed emissions in 2022 as it docked vessels and laid up one LNG carrier
  • VIDEO: Iranian forces seize Greek-linked VLCC as it transits Strait of Hormuz
    Smart Tankers-connected Niovi directed into territorial waters by Iranian naval vessels, US Navy says
  • Greece's Naftomar doubles money on sale of veteran LPG carrier
    Heady market sets the stage for plenty of deal-making, which includes a remarkable asset play
  • Profit progress: Moody's upgrades ship manager V.Group
    Ratings agency says stronger liquidity also a factor in improved credit assessment
  • Subsea 7 inching toward $10bn backlog with two new deals
    Kristian Siem's offshore vessel outfit gets oil and gas work in the Gulf of Mexico and Mediterranean Sea
  • South Korea's Dae Sun Shipbuilding nets rare MPP newbuildings
    First MPP order for yard in 12 years
  • Norden first-quarter profit edges up amid vessel sales and strong tanker market
    Danish firm entered the capesize bulker segment during the first three months
  • Harry Vafias' Imperial Petroleum clears away last bank debt with Alpha Bank payment
    Harry Vafias-led tanker and bulker company now has an unencumbered fleet
  • Swire calls foul on Hong Kong tycoon over container ship sale
    Shipowner and a secretive Hong Kong family office are fighting behind closed doors over an alleged 'tort of conspiracy' in a ship sale
  • Stainless Tankers earns buy rating following Oslo Stock Exchange debut
    Fearnley Securities says strong overall tanker market and low orderbook means strength for public markets newcomer
  • MOL chief Hashimoto keen to grow LNG fleet 'if berths become available'
    Japanese giant sitting on a whopping 30 orders for new LNG carriers, president and CEO says
  • Maersk's future fuels chief Berit Hinnemann leaves for biofuel producer Green2X
    Executive was in charge of sourcing green methanol for Danish giant's newbuildings
  • Norden first-quarter profit edges up amid tanker sales and strong market
    Danish firm entered the capesize bulker segment during the first three months
  • Pablo devastation revealed as captain recounts escape in wake of blast
    Ukrainian master believes missing seafarers may have been trapped on the vessel
  • Guidelines for 'nurdle' transportation agreed after X-Press Pearl disaster
    New recommendations could be ready for adoption by IMO next year
  • Maltese cargo ship damaged after grounding in Greece
    Master and crew member face charges after incident off Rhodes
  • ZeroNorth and Vitol team up to boost efficiency and share data
    Collaboration will optimise trader's fleet while allowing tech company access to bunkering information
  • Construction talks swirl on first 'Russian-built' LNG carriers
    Questions hang over next three Arc7 hulls as delivery dates for first two Zvezda Shipbuilding vessels are set back
  • IMC, MSC and Gearbulk sell tonnage to HKC-compliant recycling yards
    Alang's ship recyclers benefit from a consistently increasing volume of green recycling deals
  • West of England's Paulson heads for new role in Singapore
    P&I insurer continues to beef up its presence in Asia with relocation of company veteran
  • NSB boosts management team with Transport Capital banker Piyush Sharma
    German group says former Hammonia and HSH Nordbank man will become strategy chief
  • Improving life in the sea-suite
    Efforts are underway to reskill seafarers for the technological changes of tomorrow, while also making it a safer, less lonely career

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American Shipper web site
MAY 3, 2023
  • Cargo 'combi' carriers Korean Air, Lufthansa post lower Q1 revenues
    Korean Air and Lufthansa Cargo saw cargo revenues shrink substantially during the first quarter amid weak economic conditions.
  • Cargojet postpones more 777 freighters, tightens belt as shipments slow
    Canadian air cargo company Cargojet is searching under every rock for savings to maintain profit levels as shipping demand deteriorates.

››› File
FROM THE HOME PAGE
In August, freight traffic in the port of Ravenna grew by +10.9%
Ravenna
Bulk cargo is on the rise. Miscellaneous cargo is on the decline.
Federlogistica has established its own representation in the Iberian Peninsula
Genoa
It will support Italian entrepreneurs operating in Spain
Boluda acquires Royal Boskalis' towage and salvage operations in Australia and Papua New Guinea.
Valencia
Transaction valued at $640 million
ESPO urges IMO States to formally adopt the Net-Zero Framework
Brussels
The association also urges the EU Commission to align European standards
The Port of Los Angeles plans to build a new container terminal.
Los Angeles
Invitation to submit expressions of interest
In the third quarter, Italy's connection index to the global containerized maritime services network grew by +2.7%.
In the third quarter, Italy's connection index to the global containerized maritime services network grew by +2.7%.
Geneva
The most significant growth in PLSCI was recorded by the port of Savona-Vado Ligure (+53.7%)
ONE will not charge surcharges for new US taxes on Chinese ships
Singapore
They will be applied starting from October 14th
Fincantieri and Aeronautical Service sign agreement for the use of composite materials in the naval, civil, and military sectors.
Trieste
Genoa Port Terminal concession renewal approved until 2054
Genoa
The terminal's operating conditions have been redefined, bringing them back to the multipurpose function, in compliance with the ruling of the Council of State and the PRP
PSA Italia-Logtainer and Rail Hub Milano-Medlog have submitted offers to manage the Interporto Padova intermodal terminal.
Padua
Cargo traffic in Chinese seaports increased by 4.5% last month.
Beijing
Containers amounted to 27.7 million TEUs (+6.8%)
The Netherlands is referring to the Court of Justice of the European Union the question of whether to entrust seafarers or dock workers with the lashing operations on smaller container ships.
In the second quarter, container traffic handled by Eurokai terminals grew by +16.4%
Hamburg
Significant growth of 16.1% in Germany. In Italy (Contship), volumes increased by 5.2%.
China enacted regulation in response to US taxes on Chinese-owned and -built vessels
Beijing
The new rules include the possibility of introducing similar countermeasures
New attack on ships transiting the Gulf of Aden
Southampton
UKMTO announced that a fire broke out on a vessel hit by a shell
Le Aziende informanoSponsored Article
ITS Costruttori, il corso di alta formazione per entrare nel mondo di Fincantieri
Carnival closes its best quarter ever
Carnival closes its best quarter ever
Miami
The American cruise group announces a further strengthening of the growth trend in bookings
Marella Cruises sells Fincantieri slots for two new cruise ships to TUI Cruises.
Hannover/Trieste
With a gross tonnage of 160,000 tons, they will be larger than the units originally planned
GNV-Portitalia bridge agreement on lashing operations in the ports of Palermo and Termini Imerese
HMM will not introduce surcharges for new US taxes on Chinese ships
Seoul
The company will not modify scheduled services that stop in the United States
GATX Rail Europe signs sale-leaseback agreement with DB Cargo to purchase 6,000 railcars
Vienna
The transaction will be completed by the end of this year.
In the second quarter of 2025, freight throughput at the port of Bremen/Bremerhaven increased by +6.0%
In the second quarter of 2025, freight throughput at the port of Bremen/Bremerhaven increased by +6.0%
Bremen
Miscellaneous cargo is growing. Bulk cargo is declining.
India launches nearly $8 billion package to support its shipbuilding and maritime sectors
New Delhi
Shipyard production capacity expected to increase to 4.5 million gross tonnage per year
In the second quarter of this year, freight traffic in French ports fell by -0.4%.
Paris
Dry bulk and rolling bulk trades are declining. Container and liquid bulk trades are growing.
Antin Infrastructure Partners to acquire UK's leading marina operator
Paris/London/New York
It will take over ownership from British private equity firm LDC
Royal Caribbean agrees with Meyer Turku to build Icon ships for a decade
Miami
Order confirmed for a fifth Icon cruise ship and option placed on a seventh unit of the same series
Maersk announces it will not apply surcharges for new US tariffs on Chinese vessels
Copenhagen
The company assures that it will not make any changes to its services
Cochin Shipyard and KSOE enter into strategic collaboration in shipbuilding sector
New Delhi
The creation of approximately two thousand direct jobs is expected
DHL will resume freight shipments from Germany to the United States for corporate customers.
Bonn
They had been suspended due to the removal in the USA of the "de minimis" threshold for goods with a value of less than 800 dollars.
World Business Council for Sustainable Development Statement in Support of the IMO Net-Zero Framework
Ancona: Tax fraud in the shipbuilding sector
Ancona
Over €2.3 million in non-existent tax credits seized
CMA CGM buys British rail freight operator Freightliner
Birmingham
The transaction will be completed in early 2026
Containerized cargo at the port of Algeciras decreased by -9.4% last month
Algeciras
The 20-foot containers handled were 399 thousand (-0.7%)
Italferr participates in Europe's largest railway electrification contract
Rome
Activities within the Rail Baltica project
Freight traffic increased in the ports of Barcelona and Valencia in August
Barcelona/Valencia
In the first eight months of 2025, decreases of -1.6% and -0.3% respectively were recorded
In the June-August quarter, FedEx express courier revenues increased by +3.1%
Memphis
An average of 16.8 million express shipments were handled per day (+3.5%)
Breakthrough in the exploratory tunnel of the Brenner Base Tunnel
Milan/Rome
At 64 kilometers, it will be the longest underground railway connection in the world.
Tender launched for privatization of Croatian shipyard 3. MAJ Rijeka 1905
Zagreb
The starting bid is 6.66 million euros.
To decarbonize, shipping should join forces with other hard-to-abate sectors
London
This is highlighted by a report by Accelleron which believes that a critical mass of demand is necessary to overcome a stalemate phase.
COSCO Reassures Customers on Impact of New U.S. Tariffs on Chinese Vessels
Shanghai
We - the Chinese company assured - will maintain competitive freight rates and surcharges.
Shipping is still far from the target of 5-10% of fuel used coming from scalable, zero-emission sources by 2030
Copenhagen
The need to introduce incentives was underlined
Spain's Boluda acquires Transfesa's intermodal rail freight services.
Valencia
The agreement also includes industrial services, railway maintenance and shunting activities and intermodal terminals.
Til (MSC Group) to become a shareholder in Turkey's Petkim container port
Til (MSC Group) to become a shareholder in Turkey's Petkim container port
Baku
Agreement with the Azerbaijani oil group SOCAR
German and Austrian trailer manufacturers challenge EU regulation to reduce truck environmental impact
Berlin/Brussels
They denounce that its application leads to an increase in traffic volumes and therefore emissions.
The Venice Marghera station has been equipped with a track compliant with European TEN-T standards
Venice
A 740-meter freight track has been opened.
World Shipping Council introduces Cargo Safety Program to prevent ship fires
Washington
It is based on artificial intelligence and traditional goods inspections
Rheinmetall to enter naval shipbuilding sector by acquiring Naval Vessels Lürssen
Bremen
Lürssen Group to focus on megayacht production
The British government is investing half a billion pounds to reduce shipping emissions.
London
Private investments of 700 million expected
HMM signs new 10-year contract with Vale for iron ore transport
Seoul
It is worth around $310 million.
The Campania Port Authority reaches an agreement with UNIPORT and Assiterminal
Naples
The regional tax - highlights the port authority - risks undermining the competitiveness of ports
IAPH and WCO publish updated guidelines on cooperation between customs and port authorities
Tokyo/Brussels
Contributed by the World Shipping Council
ABB and Blykalla collaborate on nuclear marine propulsion
Stockholm
The agreement focuses on small modular fast reactors developed by the Swedish company
Saipem wins new offshore contract worth approximately $1.5 billion in Türkiye
Saipem wins new offshore contract worth approximately $1.5 billion in Türkiye
Milan
It is related to the third phase of the Sakarya gas field development project.
In the second quarter, freight traffic in the port of Civitavecchia grew by +5.7%
Civitavecchia
Record for cruise passengers this period
Uniport and Assiterminal oppose the additional fees demanded of port operators by the Campania Region.
Rome
Amount between 10% and 25% of the annual state fee
The first train from Belgium under the FS Logistix-Lineas agreement has arrived in Segrate.
Milan
Five return connections per week to Antwerp are scheduled
Modernization works are underway at the passenger terminal at the port of Igoumenitsa.
Naples
Grimaldi takes delivery of the PCTC "Grand Auckland"
Damage to submarine cables in the Red Sea
Portsmouth
According to the International Cable Protection Committee, the cause could be ship traffic
Dutch company Damen to build 24 naval vessels for British company Serco
Gorinchem/Amsterdam
Green light for a €270 million bridging loan to the shipbuilding company.
DP World to build and operate container terminal at Montreal's new Contrecœur port
Dubai/Montreal
It will become operational in 2030
Expansion work has begun at the Vienna South intermodal terminal.
Vienna
Annual traffic capacity expected to increase by 44%
In July, ship traffic in the Suez Canal increased by +0.8%
Cairo
In the first seven months of 2025, a decrease of -10.2% was recorded
In July, freight traffic in the ports of Genoa and Savona-Vado decreased by -3.0%
Genoa
The decline was limited by increased oil traffic in the Vado harbor. Ferry traffic dropped 9.9%.
Trump nominates Laura DiBella as chair of the Federal Maritime Commission.
Washington
The nomination of Robert Harvey as commissioner of the federal agency has also been forwarded to the Senate.
Genoa's new dam: a modification has been approved to allow for completion of work by the end of 2027.
Genoa
Phase A and Phase B works will be carried out rather than sequentially
Assiterminal, simplify and standardize dredging procedures to restore the operational competitiveness of ports.
Taranto Recommends: The Regasification Plant Would Promote the Port's Revitalization
Taranto
Melucci: a lifeline for the entire port system and for our city's economic growth.
Cargo and cruise traffic in eastern Sicily ports is on the rise
Catania
In the container segment, an increase of +27.9% was recorded
FS Logistix and Lineas form joint venture to manage the Antwerp Mainhub Terminal
Antwerp
Rail services between Antwerp and Milan expected to increase
Attack on a product tanker in the Red Sea
Southampton
A missile fell near the ship which suffered no damage
Sea trials have been completed for the new GNV Virgo ro-pax vessel.
Genoa
It will be GNV's first liquefied natural gas ship
In the first half of the year, Singamas' container sales decreased by -10%.
Hong Kong
The average selling price dropped by -3.8%
The new two-masted ro-ro ship Neoliner Origin will arrive in Livorno tomorrow.
Vado Ligure
It has a capacity of 1,200 linear meters of rolling stock
The refinancing of the Setramar group's capital structure has been completed.
Ravenna
Merli: a crucial step in our growth journey
Liguori's term as head of the Trieste Port Authority has been extended.
Rome
Confirmed in the role of extraordinary commissioner of the institution
Agreement to complete electrification work on the docks at the port of Gioia Tauro
Gioia Tauro
The 70 million euro investment to complete the project has been confirmed.
A Maersk delegation at the Grendi Group's container terminal in Cagliari's Porto Canale.
Milan
At the centre of the debate is the development of traffic towards North Africa
Port of Livorno: Protests over Gaza must not block operations.
Livorno
The members of the Partnership Body highlighted the need for it to be accessible to all vessels
Geodis appoints Maurizio Bortolan as CEO for Italy
Milan
It will coordinate the three business lines Contract Logistics, Freight Forwarding and Road Transport
GNV, agreement with Sicilian terminal operator Portitalia is positive.
Genoa
The company specified that the aim was exclusively to temporarily supplement the tariffs.
Two days of work with ESPO in Rome on the Mediterranean and European ports
Rome
Meetings organized by Assoporti
In 2024, 112 million counterfeit items were seized in the European Union.
Brussels
Record estimated value of 3.8 billion euros
Strikes and protests in ports, request for information from the Guarantor
Rome
Request for information from prefects, port authorities, and port authorities
Danaos Corporation has ordered two 7,165 TEU containerships from Dalian Shanhaiguan.
Athens
They will be taken into delivery in the third quarter of 2027
In the second quarter, freight traffic on the Austrian rail network fell by -1.4%.
Vienna
Only domestic traffic is growing
ALS (FBH Group) has acquired 80% of Trans World Shipping and Moda Express of USA.
Rozzano
The two companies have 500 employees and are active in Italy, France, the United Kingdom and the United States.
Circle's revenue increased by 62.1% in the first half of 2025
Milan
Net profit of over 1.0 million euros (+1.8%)
A Ukrainian delegation hosted by the Northern Tyrrhenian Sea Port Authority
Livorno
Cooperation in the field of training and safety at work in ports
The EIB is financing Phase A of Genoa's new breakwater with €300 million.
Luxembourg
The total investment is 937 million euros
This summer, GNV ships carried 1.7 million passengers (+9%)
Valencia
In the next few days the company will take delivery of "GNV Virgo", the first LNG-powered vessel
The project for the expansion, safety improvements, and extraordinary maintenance of the port of Pozzallo has been presented.
Pozzallo
It provides for the construction of the breakwater arm
Fincantieri delivers the new Star Princess cruise ship to Princess Cruises
Monfalcone
It has a gross tonnage of 177,800 tons and a capacity of 4,300 passengers.
A seminar on the new law on interports will be held in Milan on October 2nd.
Milan
It is organized by the Chamber of Commerce of Padua
Filt Cgil calls on port administrators and businesses to join the action against the Palestinian massacre.
Rome
This burden – the union highlighted – cannot be placed solely on the shoulders of dock workers.
The agreement between the Italian Merchant Marine Academy Foundation and the NATO Center in La Spezia has been renewed.
Genoa
The collaboration signed in 2023 has been confirmed
Fischer & Rechsteiner and Gimax International acquire BCUBE's Freight Forwarding business.
Genoa
The completion of the transaction is expected in the next few days
Fermerci outlines a dramatic scenario for the European rail freight transport sector
Rome
Rizzi: There is a real risk of a shift towards exclusively road transport.
Eni completes the sale of a 30% stake in the Baleine project in Ivory Coast to Vitol.
San Donato Milanese
The field was discovered in 2021 and production started in 2023
Sogedim opens a new branch in Modena
Mesero
Initially, the activity will be dedicated exclusively to UK export traffic and will then extend to other European markets.
The new PCTC Grande Svezia has joined the Grimaldi Group's fleet.
Naples
It has a maximum capacity of 9,000 ceu
The Cagliari City Council approves its opinion on the Sardinian Ports Development Plan.
Cagliari
Green light unanimously
The railway sector contributes 1.4% of the European Union's GDP.
Brussels
Study commissioned by CER
In the port of Naples, the Coast Guard has detained the bulk carrier Tanais Dream.
Naples
Serious irregularities found on board
Agreement to accelerate the implementation of robotics in Fincantieri's production processes
Trieste
It was signed with the Friulian Idea Prototipi
Sergio Liardo is the new general commander of the Port Authority Corps - Coast Guard
Rome
He takes over from Admiral Nicola Carlone
DBA to supply new Terminal Operating System for Georgia's Batumi Port
Villorba
The project includes all phases of development, testing and operational testing
Attack on a ship in the Gulf of Aden
Portsmouth
The captain reported hearing an impact in the water and an explosion
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Danilo Ricci has been appointed managing director of Tarros Line.
La Spezia
He has held various positions in Italy and abroad within the group
Permanent discussion table between Confindustria Nautica and Federagenti
Genoa
This is provided for in an agreement signed today in Genoa
In the first half of 2025, cruise traffic in Italian ports grew by +6%
Venice
The twelfth edition of Italian Cruise Day will be held in Catania on October 24th.
SAL Heavy Lift buys two semi-submersible vessels from Pan Ocean
Hamburg
They were built in 2008 and 2012
30% of Sangritana Cargo will be acquired by the Marche-based company Transadriatico
The Eagle
The sale will be completed in the next few days
The eighth edition of "A Sea of Switzerland" will be held in Lugano on October 6th.
Lugano
Forum on economic and logistical integration between Ligurian ports, the Northwest manufacturing area, and Switzerland
DEME orders new cable-laying vessel from Singapore-based PaxOcean
Beveren-Kruibeke-Zwijndrecht
It will be built in the Chinese shipyard of Zhoushan
Assoporti will meet at RemTech EXPO 2025 to discuss the green transition in Italian ports.
Ferrara
The Smart Ports Award was awarded to three Port System Authorities
The first shipment of Syrian oil in 14 years arrives at the port of Trieste.
London
Part of the cargo - S&P Global Commodity Insights reports - was unloaded at the Sardinian terminal of Sarroch
In August, freight traffic in the port of Taranto grew by +20.3%
Taranto
The ferry "Drea" was also rejected by the Apulian port, where however it is temporarily stopped
Container traffic at the Port of Los Angeles remained stable in August.
Los Angeles
Volumes expected to decline in the remainder of 2025
Meeting between the port authorities of Jacksonville and Livorno
Livorno
Among the objectives, to start one or more direct services between the two ports
Italian State Railways and ENAC sign an agreement for the use of drones in infrastructure monitoring.
Rome
They will also be used to fly over sections of the railway and road network that would otherwise be difficult to monitor.
A.SPE.DO, the port of La Spezia is essential to ensuring employment, development, and a future for the local economy.
La Spezia
Landolfi: We cannot afford to underestimate its value.
The MIT meets with the heads of the Italian AdSPs
Rome
Meeting on the government's strategic vision for the sector and port reform
Yang Ming orders Hanwha Ocean Co. to build seven 15,880 TEU container ships
Keelung
They will be delivered between 2028 and 2029
Over 40 expressions of interest have been received for the development of the Ukrainian port of Chornomorsk.
Kiev
Today the first meeting of the tender commission
The first commercial ship is expected at the public dock in Largo Trattaroli in Ravenna.
Ravenna
The car carrier "AICC Huanghu" is coming soon
Container traffic at the Port of Long Beach decreased by 1.3% last month.
Long Beach
Empty containers are increasing. Full containers are decreasing.
Assiterminal's Terminal Road Show is starting
Genoa
Cognolato: We want to strengthen our ties with local communities and territories.
Assoporti, the Italian ports' cruise offerings presented at the Seatrade Europe fair.
Hamburg
Giampieri: We are leaders in the Mediterranean area and in Europe
Commander Claudio Tomei, USCLAC president from 2012 to 2024, has passed away.
Viareggio
His strong commitment to improving the working conditions of Italian seafarers
In the first quarter of 2025, cargo traffic in Greek ports grew by +1.4%
Piraeus
Passengers down by -1.1%
HD Hyundai Samho Orders Four New Container Ships
Seoul
Order worth approximately 468 million dollars
Trieste: Fraudulent bankruptcy in the shipbuilding sector
Trieste
Investigation into a company based in Palermo
Container traffic in the port of Hong Kong fell by 7.4% in August.
Hong Kong
In the first eight months of 2025 the decline was -3.8%
BigLift Shipping and CY Shipping order two additional heavy lift vessels
Amsterdam
Order placed at Chinese shipyard Jing Jiang Nanyang Shipbuilding Co.
Container traffic at the port of Singapore continued to decline in August
Singapore
Total volume of goods increased by +1.1%
The Charthage ferry was placed under administrative detention in the port of Genoa
Genoa
A Coast Guard inspection found numerous deficiencies
Disney Cruise Line's largest ship's debut delayed by three months
Lake Buena Vista
Construction delays force the maiden voyage to be postponed until March 10th.
Shell to supply liquefied biomethane to Hapag-Lloyd containerships
Hamburg
Agreement effective immediately
Andrea Zoratti has been appointed general manager of Hub Telematica
Genoa
The company is controlled by Assagenti and Spediporto
Jotun and Messina sign agreement to improve the environmental and commercial performance of ships.
Genoa
The "Jolly Rosa" vessel will use the Hull Skating Solutions solution
PSA Genova Pra' announces the hiring of 25 people dedicated to container handling.
Genoa
Ferrari: International markets have changed profoundly
CMA CGM will not apply surcharges for new US taxes on Chinese vessels and Chinese services
Marseille
The rates announced by the USTR in April will apply from October 14th.
South Korean HJ Shipbuilding wins orders for four 8,850 TEU containerships
Busan
Orders with a total value of approximately 461 million dollars
Conference: "Waiting and Delays in Road Transport: Logistics in Check"
Genoa
Organized by Trasportounito, it will be held on September 26th in Genoa
GNV has inaugurated a new office in Barcelona
Barcelona
The company currently has 52 employees throughout Spain.
Port of Trieste: EU funding for two new projects
Trieste
Resources with a total value of 1.7 million euros
Filt Cgil, the Flotilla incident is serious. Dockworkers are ready to mobilize.
Rome
Union announces action if aid is not allowed to reach Gaza
Stena Line to buy Latvian port operator Terrabalt
Gothenburg
It handles rolling stock, bulk cargo, and general cargo traffic in the port of Liepaja.
In the first eight months of 2025, container traffic in the port of Gioia Tauro grew by +10.6%
Gioia Tauro
2,912,943 TEUs were handled
Meyer Turku begins construction of Royal Caribbean's fourth "Icon"-class cruise ship
Miami/Turku
It will be delivered in 2027
More than one in ten maritime shipments has shortages
Washington
This is what a report by the World Shipping Council has revealed, highlighting the safety risks
Last July, traffic in the port of Ravenna increased by +3.8%
Ravenna
In the first seven months of 2025, growth was +5.4%
In the first quarter of 2025, freight traffic in Belgian ports fell by -3.2%.
Brussels
Landings down 1.3% and embarkations down 5.4%
Product tanker High Fidelity rescues 38 migrants on a drifting dinghy
Rome
Intervention in the south of the island of Crete
GES and RINA sign agreement to develop a prototype of a new hydrogen battery
Rovereto/Genoa
PSA's second phase of container terminal at Mumbai Port inaugurated
Singapore
Annual traffic capacity will increase to 4.8 million TEUs
The conference "EU ETS - Perspectives and Opportunities for Decarbonization in the Maritime Sector" will be held in Palermo.
Rome
It will be held on September 18th and 19th
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
A seminar on the new law on interports will be held in Milan on October 2nd.
Milan
It is organized by the Chamber of Commerce of Padua
The eighth edition of "A Sea of Switzerland" will be held in Lugano on October 6th.
Lugano
››› Meetings File
PRESS REVIEW
Korean Firms Reassess U.S. Investments After Mass Immigration Raid
(The Korea Bizwire)
Russia's infrastructure development plan aims to build 17 marine terminals by 2036
(Interfax)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Fincantieri and PGZ sign an agreement to support the modernization of the Polish Navy
Trieste
The third LSS section for Chantiers de l'Atlantique was launched in Castellammare di Stabia.
In the US, funding for wind energy development projects in ports is being cut.
Washington
Resources worth $679 million will be reallocated for port infrastructure upgrades
From January 1st, Kombiverkehr will operate the PKV intermodal terminal in the port of Duisburg.
Frankfurt am Main
It has a traffic capacity of approximately 200 thousand intermodal units per year.
Wallenius Marine and ABB form Overseas joint venture
Stockholm
The aim is to accelerate the launch of the platform of the same name for improving fleet performance.
The Ministry of Infrastructure and Transport has asked the Region to agree on the appointment of Bagalà as president of the Sardinian Port Authority.
Rome
He is currently the extraordinary commissioner of the same body
DHL eCommerce has acquired a minority stake in Saudi Arabia's AJEX Logistics Services.
Bonn/Riyadh
The Middle Eastern company has two thousand employees
CMPort's port terminals handled record container traffic in the second quarter
Hong Kong
In the first six months of 2025 the total was 78.8 million TEUs (+4.3%)
Confitarma approves the decree on advanced training for tanker seafarers.
Rome
Applause to the General Command of the Port Authority Corps
Quarterly freight traffic in Moroccan ports increases
Tangier/Casablanca
In Tanger Med the growth was +17%
The board of directors of the Genoa-based Ente Bacini has been renewed.
Genoa
President Alessandro Arvigo and CEO Maurizio Anselmo
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