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Independent journal on economy and transport policy
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November 16, 2023

free news
Exim India web site
NOVEMBER 16, 2023
  • Vadhavan Port project of national interest: JNPA Chairman
  • Allcargo Logistics announces issuance of bonus shares; reports Q2FY24 results
  • Use of CTU Code boosts supply chain safety and savings, survey finds
  • Baltic Exchange Market Report (10 November 2023)
  • No sign of nearshoring as per available container volume trade data
  • CNC enhances Intra-Asia connectivity with three new services
  • India's forex import cover up
  • 'The industry continued to normalise in the third quarter': Rodolphe Saadé
  • India urges Ethiopia to settle trade transactions in local currency
  • Mahindra Logistics launches services on ONDC network
  • MSC achieves renewal of ISO 9001:2015 certification for Quality Management Systems
  • Deendayal Port updates berthing policy
  • Allowing advance assessment of Courier Shipping Bills
  • NHAI accepts first Insurance Surety Bond as bid security for TOT monetisation
  • Bulk carriers the epitome of non-combatant vessels: INTERCARGO
  • DPIIT preparing list of non-negotiable items for FTA
  • India's summer-sown rice production seen at 106 MT for 2023-24

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International Transport Journal web site
NOVEMBER 16, 2023
  • Support for ports' rail yards and green trucks
  • Dronamics' busy day in Dubai
  • Partners for Canadian exports to Asia
  • Co-CEOs to lead Cargojet
  • 2,000 vehicles to transition to greener alternative
  • MLP Group expands to Austria
  • ZIM Q3 results: a test of resilience
  • Leschaco Iberia certified as Iata cargo agent
  • Eimskip: changes in executive management
  • Waberer's invests in rail business
  • Providing veterans with flu vaccines
  • An easier way to calculate emission costs
  • First 737-800 BCF for Oman Air Cargo
  • "Curiosity of the Day"
  • Cargo growth at SC Inland Ports
  • Carlo Luzzatto to take over from Ugo Salerno
  • E-trucks not only for eco-sensitive customers
  • From the North Sea to the Mediterranean

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The Loadstar web site
NOVEMBER 15, 2023
  • Danaos enjoys strong Q3, but sees uncertainty as liners look to cut charter costs
  • Weak Asian imports impact HHLA results, but Hamburg sees 'green shoots'
  • Analysis: Vizhinjam - will Adani succeed where DP World failed?
  • Reports of delay to implementation of EU ISC2 - a 'regulatory evolution'
  • Busy Mexico escapes as US integrators look to cull air operations
  • MOL opts for AI-driven 'early fire detection' system for new car-carrers
  • Evergreen unveils ETS surcharge estimate - Hapag still cheapest

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Marine Log web site
NOVEMBER 15, 2023
  • New Marsh facility set to slash cost of Ukraine grain war risk insurance
    In a move that promises to substantially reduce the costs of insuring ships exporting Ukraine grain, Marsh McLennan (NYSE: MMC) has announced the launch of a new facility - Unity - to
  • Austal USA lays the keel for T-ATS 11
    Austal USA yesterday celebrated the official start of construction on the future USNS Billy Frank, Jr., the Navy's eleventh Towing, Salvage and Rescue Ship (T-ATS 11), with a keel laying ceremony at
  • Court rules against further GoM oil and gas lease sale delay
    The U.S. Court of Appeals for the Fifth Circuit has issued an order dismissing an appeal against a GoM oil and gas lease preliminary injunction. As we reported earlier, the Bureau of
  • Wärtsilä in ammonia-fueled four-stroke first
    Wärtsilä has brought to market the marine sector's first four-stroke engine based solution for ammonia fuel. It is now commercially available as part of the Wärtsilä 25 engine platform, which was launched
  • St. Paul Engineer district to close four locks and dams
    The U.S. Army Corps of Engineers, St. Paul District, is closing four of its locks and dams in early December for maintenance. The closures will officially end the 2023 navigation season on
  • Conrad reports third quarter results and backlog
    "We are cautiously optimistic about the future of our vessel construction segment due to recent backlog additions for repeat builds in the ferry and barge markets for repeat customers," said Johnny Conrad,

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Container News web site
NOVEMBER 15, 2023
  • MacGregor receives RoRo equipment order for two Pure Car and Truck Carriers
    MacGregor has received an order to supply comprehensive packages of RoRo equipment for two Pure Car and Truck Carriers (PCTC) vessels to be built by Hyundai Mipo Dockyard in South Korea. The order was booked into Cargotec's 2023 third-quarter orders received, while the vessels are scheduled to be delivered to the owner between the second and the third quarter of 2026. MacGregor's scope of supply
  • MOL, KEPCO sign service agreement on development of liquefied CO2 carrier design for CCS value chain
    Mitsui O.S.K. Lines (MOL) and Kansai Electric Power (KEPCO) have signed a service agreement to perform feasibility studies on the design of a liquefied CO2 carrier at shipyards in Japan and across the world. The extensive study of the carbon dioxide capture and storage (CCS) value chain, which includes shipyards, is a pioneering initiative for other CO2-emitting industry operators. The agreement
  • Peel Ports and Suardiaz establish UK's first green automotive manufacturing hub
    Peel Ports and Suardiaz have inaugurated a UK-first Green Automotive Manufacturing Hub in Merseyside, which will considerably cut supply chain emissions in the North-West. The US$12.5 million facility, the first of its kind in the UK, was officially launched on 14 November with a ribbon-cutting ceremony as it welcomed a Suardiaz vessel from Vigo Port in Spain, to which it will operate a twice-wee
  • Box volumes grow at Saudi ports in October
    For October 2023, the Saudi Ports Authority (Mawani) announced a 5.31% growth in container handling throughout its ports. A total of 741,905 TEUs were handled, translating to an increase over the 704,486 TEUs handled in the same month in 2022. The number of exported containers increased by 9.72% in October, reaching 224,822 TEUs, up from 204,903 TEUs in the same month last year. The number of imp
  • IMO's CII a failed market mechanism should be replaced, says DSF
    According to Danish Ship Finance (DSF), the IMO's Carbon Intensity Indicator (CII) which became effective this year is a "failed market mechanism" that should be replaced by a voyage index that will give shippers more transparency. In a recent press briefing, IMO secretary general Kitack Lim said that the collaboration between stakeholders is to be ramped up with round tables to discuss the futur
  • ZIM reports over US$2.2 billion loss in third quarter
    Israeli container line ZIM has announced a net loss of US$2.27 billion in the third quarter of the year, while the company achieved a US$1.66 billion net income in the same period last year. Similarly, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of the company sank by 89% year-over-year to US$211 million, while ZIM's operating loss (EBIT) reached US$2.3 billio
  • Fincantieri and Central Adriatic Sea System Authority sign deal for Ancona port development
    The Port System Authority of the Central Adriatic Sea (ADSP) and Italian shipbuilding company Fincantieri have signed a program agreement to promote the development of the port of Ancona in Italy. Pierroberto Folgiero, CEO and managing director of Fincantieri, and Vincenzo Garofalo, president of ADSP, signed the agreement on 13 November. According to the statement, the goal of the agreement is to
  • Maersk commences construction works for new cold storage facility in Rotterdam
    Danish ocean carrier Maersk has started the construction works for its new large cold store in Rotterdam. The specialized warehouse for temperature-sensitive or frozen products, like pharmaceuticals, fruits, meat or fish, is located right next to the Maasvlakte II terminal, which is operated by Maersk-owned port operator APM Terminals. The new 40,000 m² facility is expected to be operational in t
  • Cocaine seized from Maersk ship in New Zealand
    Nearly US$10 million of cocaine was seized from a Maersk ship after the vessel arrived in Tauranga, New Zealand. The drugs were concealed in the engine compartment of a refrigerated container that held bananas, New Zealand Customs Service said on 14 November. The vessel called at the port five days earlier. The ship name was not disclosed, but vessel-tracking data shows that the 3,078 TEU Safmari
  • CMA CGM announces BAF update in Algeria, Tunisia and Morocco RoRo services
    Following the development of bunker prices since the last surcharge adjustment, CMA CGM SSL Intra Europe will modify its Bunker Adjustment Factor (BAF) on its RoRo South services linking France with Algeria, Tunisia, and Morocco (import and export) as follows: The following charges will take effect on 1 December 2023: Cargo Algeria service Tunisia service Morocco service Roll, full €1,244/unit €5
  • Argo Anchor launches operations in Dubai backed by Indian shipping firm's investment
    Argo Anchor Shipping Service LLC, a new force in the shipping industry, has officially launched its operations in Dubai, UAE backed by a significant investment from India-based shipping agency Lancer Container Limited. This collaboration signals the entry of Argo Anchor Shipping Service into the NVOCC and freight forwarding market, with plans to commandeer 5,000 TEUs by the end of 2023 and 15,000
  • MOL to install cameras and AI systems in newbuilding car carriers for early fire detection
    Mitsui O.S.K. Lines (MOL) has decided to install cameras and an Artificial Intelligence (AI) system developed by Israel-based maritime safety and management system developer Captain's Eye in the cargo holds of most of its LNG-fuelled car carriers. The devices, which are expected to provide early fire detection capabilities, will be installed on 10 vessels currently on order and scheduled for deli
  • Wan Hai holds naming ceremony for new 3,000 TEU vessels
    Taiwan-based ocean carrier Wan Hai Lines held ship naming ceremonies for two new container ships, Wan Hai 368 and Wan Hai 369. Wan Hai Lines and Japan Marine United Corporation have deployed the third batch of their 3,055 TEU series ships, totaling twelve vessels. Wan Hai 368 and Wan Hai 369 are the 4th and 5th vessels in the series of ships, all built by Japan Marine United Corporation ARIAKE Sh

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Splash web site
NOVEMBER 15, 2023
  • Cadeler taps HSBC for $54m green loan
    Denmark-based Cadeler has secured financing from HSBC to help fund the construction of its newbuilds and upgrade the existing vessels. The BW Group-backed offshore wind contractor has struck a deal for a five-year €50m ($54.2m)unsecured green loan, which comes with a non-committed accordion option of up to €50m. The Cadeler fleet consists of two operational ...
  • Easterly Asset Management emerges as buyer of Celsius tanker duo
    Easterly Asset Management's Maritime Logistics Equity Partners (MLEP) has emerged as the buyer of two chemical tankers from Danish shipowner Celsius Shipping. The US-based company said in a statement that it had acquired and renamed the 2009-built 25,400 dwt Easterly Birdie, ex-Celsius Birdie, and the 2010-built 25,390 dwt Easterly Eagle, ex-Celsius Eagle. No price was ...
  • Germany's RWE forms offshore wind and green hydrogen alliance in South Korea
    German utility and one of the leading renewable energy developers RWE has reached an agreement with Hyundai Engineering & Construction, a subsidiary of South Korea's Hyundai Motor Group, to work together on offshore wind and green hydrogen projects. Korean government targets 24 GW of offshore wind capacity by 2036 and the duo will, under a ...
  • Rem Offshore scores over $138m in vessel contracts
    Norwegian offshore vessel operator Rem Offshore has penned several long-term contracts for its fleet worth a total of just over NOK1.5bn ($138.6). The Fosnavåg-based company has fixed the 2013-built subsea vessel Reem Inspector on offshore wind projects in Taiwan for about one year, commencing in the fourth quarter of 2023. The ship has worked in ...
  • Wärtsilä unveils first four-stroke ammonia-fuelled engine solution
    Finnish technology group Wärtsilä has introduced the marine sector's first commercially available four-stroke engine-based solution for ammonia fuel. Viridis Bulk Carriers, the world's first zero-emission shipping company, will be the first shipowner to benefit from the new ammonia solution. The company is a partnership between Amon Maritime, Mosvolds Rederi, and Navigare Logistics. Norwegian gov
  • Cocaine found on anchor chain of Berge Bulk cape
    Turkish authorities have seized nearly 52kg of cocaine on Berge Bulk's capesize off the coast of Adana Yumurtalik in Iskenderun Bay. In his statement on social media, Turkey's' interior minister, Ali Yerlikaya, said the drugs were found tied to the anchor chain of the Liberian-flagged . Twenty-six suspects on board the 175,900 dwt ship, including ...
  • Shipping locks in Panama Canal diversion plans
    The global seaborne trading map is in flux as shippers and shipowners reassess alternate routes to the parched Panama Canal, a waterway that accounts for 3% of all global maritime trade, which is in the process of slashing the amount daily transits in half as a drought prevention measure. Analysis carried out for Splash by ...
  • 2020 Bulkers locks away four newcastlemaxes with Koch extension deals
    Norway's 2020 Bulkers has secured charter extensions from Singapore's Koch Shipping on four of its newcastlemax bulk carriers. The Oslo-listed owner's Bulk Sandefjord, Bulk Santiago, Bulk Shenzhen and Bulk Sydney have been fixed until the end of 2026 with options for 12 more months. "We are very pleased with the long-term contract extensions for four ...
  • Seoul readies $544m in aid for Korean shipyards
    Seoul has earmarked an extra $544m in state support for the Korean shipbuilding sector through to 2028. The money will be spent helping develop alternatively fuelled vessels, on digitalisation and reinforcing the shipbuilding workforce. Korean shipyards are sitting on record orderbooks, with delivery slots taken through to mid-2027. However, production schedules have been slipping this ...
  • DOF wins CSV work, charters in Maersk Supply Service vessel
    Norway's DOF Group has found work for one of its construction support vessels (CSVs) and chartered in a vessel from Maersk Supply Service. The Oslo-listed company said that it won a contract from Subsea7 for a time charter of the Skandi Acergy CSV, adding a minimum of 18 months firm backlog, at a value in ...
  • Kyiv unveils new ship insurance scheme
    Kyiv has reached a deal with Lloyd's of London and Marsh McLennan to bring insurance cover for ships taking Ukrainian grain exports. Ukraine's economy minister Yulia Svyrydenko stated in a Facebook post that the $50m program would insure ships against military risks. The insurance news comes one week after a pilot died and three Filipino ...
  • CGG kicks off multi-client survey offshore Malaysia
    French geoscience technology company CGG, in association with Petronas, has started the 8,000 km Selat Melaka 2D multi-client seismic program over the Langkasuka Basin offshore Malaysia. Located in the Malacca Strait, the project has received industry funding and will deliver early products in December 2023 and final results in August 2024. CGG's Kuala Lumpur subsurface ...
  • Thailand dusts off Kra transport link plans
    Thailand has dusted off plans for a transport link that would allow ships to skip the Malacca Strait, one of the busiest shipping lanes in the world. The Southeast Asian kingdom has long touted the construction of the Kra Canal, a waterway across a narrow part of the country in the far south. While this ...
  • Snam to invest over $1bn in Ravenna offshore LNG terminal
    Italian energy company Snam has revealed that it would invest €1bn ($1.09bn) in its LNG offshore terminal near Ravenna which will host the FSRU . The new terminal will have an annual capacity of 5 bcm of gas and start commercial activity in early 2025. The FSRU will add to the supplies from the FSRU ...
  • Israel's war with Hamas cripples an Italian containerline
    Israel's ongoing war with Hamas has crippled one Italian containerline. Alphaliner is reporting that a charter conflict has broken out between Kalypso di Navigazione and Zhonggu Shipping with the Chinese tonnage provider refusing to allow its four 2,518 teu ships to call in Israel. The vessels had been deployed on Kalypso's Marco Polo service connecting ...
  • MOL rolls out tech to combat fire scourge across its car carrier fleet
    Japanese shipowner Mitsui OSK Lines (MOL) will install cameras and an AI system developed by Israeli firm Captain's Eye in the cargo holds of most of its LNG-fuelled car carriers to provide early fire detection capabilities. The devices will be installed on 10 vessels currently on order, and the company will consider retrofitting current in-service ...
  • ExxonMobil starts production from third Guyana FPSO
    US supermajor ExxonMobil has started production at Payara, Guyana's third offshore oil development on the Stabroek Block. The Prosperity FPSO vessel is expected to reach initial production of approximately 220,000 barrels per day over the first half of next year as new wells come online. The startup brings the total production capacity in Guyana to ...
  • Time to listen to the ocean
    Steven Jones, the incoming CEO of the Sustainable Shipping Initiative, on the urgent need for the oceans to be embraced during the upcoming COP28. As global leaders ready themselves for the forthcoming United Nations (UN) climate conference in Dubai, the urgency to prioritise both the climate challenges and potential contributions of our oceans is intensifying. ...

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Lloyd's List web site
NOVEMBER 15, 2023
  • Energy efficiency methods can significantly reduce ship underwater noise, new study finds
    Marine conservation NGO Okeanos supports a 3 decibel per decade reduction target for underwater noise, while worst-case scenario in the...
  • Zim expects operating loss of $400m-$600m and takes $2bn impairment cost
    Overcapacity and anaemic demand sees Zim revising its outlook for the year to an adjusted operating loss of $400m to...
  • Talks underway for Denmark 'to stop and inspect' sanctions-breaching tankers from Russia
    Some 57 dark fleet tankers without International Group P&I cover transited Danish waters laden with Russian oil between October 1...
  • India's growing coal imports may create short-term upside for dry bulkers
    Imports have risen to meet surging power demand
  • Houthi leader threatens to destroy Israeli ships in Red Sea
    Some Israel affiliated ships operating in the Bab el-Mandeb Strait and Red Sea shut off their AIS last week
  • Burning questions remain on EVs and ship fires: Insurers
    With the rise of EVs, the car carrying sector is now prepared to change its firefighting approaches after decades of...
  • Shippers seek sanctuary in diversification
    Despite the easing of congestion, supply chains face disruption and unreliable service. Diversified sourcing can help reduce risk
  • Marsh scheme could cut Ukraine war risk rates by as much as two-thirds
    Move follows last week's fatal missile attack on bulk carrier KMAX Ruler
  • UK government reshuffle ushers in new shipping minister
    The sixth UK shipping minister in the past three years will inherit a brief that has seen very limited progress...
  • Freight falls but passengers pick up as DFDS raises 2023 guidance
    "Freight markets are challenging and we continue to adapt our ferry and road capacity to optimise their utilisation," said DFDS...
  • CMA CGM invests in gas-electric-powered newbuildings for newly acquired La Méridionale
    Newbuilding contract for 180 metre long ro-ro passenger duo has been won by experienced Chinese shipbuilder CMJL Weihai, with delivery...
  • Wärtsilä launches dual-fuel ammonia engine
    The Finnish engine designer plans to sign its first commercial contract to sell its ammonia engine in early 2024 with...
  • Panama Canal disruptions help boost BW LPG
    World's leading operator of LPG carriers has posted its strongest-ever quarterly financial results
  • Daily Briefing
    OSG's Sam Norton to optimise his Jones Act tankers rather than build new ones | Star Bulk optimistic about market...

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The Journal of Commerce web site
NOVEMBER 15, 2023
  • Cosco, Varamar expand MPV reach with strategic partnership
    The aim of the venture is to broaden the scope of the companies' current operations, both geographically and in vessel size.
  • Grim 2024 outlook drives Zim to take huge Q3 impairment loss
    The carrier is expecting next year to be dominated by significant overcapacity and weak demand, and with its balance sheet awash with expensive time charter capacity, it decided to factor in expected losses early.
  • House bill seeks to ensure funding for CBP capital costs linked to port inspections
    The bill is a response to growing CBP demands that ports pay for new inspection-related equipment, or risk having the agency reduce the amount of time its officers spend performing inspections.
  • Hamburg port volume turns positive in Q3 amid boost in Asia business
    There was significant improvement in Hamburg's operational indicators through the third quarter, especially those covering trade with China, its biggest source of imports.
  • Shippers remain slow to embrace more expensive green shipping services
    Carriers are reporting some successes in convincing shippers to use their emissions-reduction services, but acceptance of premium - and costly - green products remains a hard sell in a market where rate levels are at record lows.

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TradeWinds web site
NOVEMBER 15, 2023
  • Diana Shipping stays the course as charter revenue pullback eats at profits
    New York-listed shipowner's results consistent with analyst estimates
  • Easterly's MLEP swoops for Celsius chemical tankers
    Boss Darrell Crate tells TradeWinds that US shipowner's appetite for tonnage is renewed
  • United Maritime completes triple capesize sale-and-leaseback in readiness for looming loan deadline
    Bulker owner had a profitable third quarter, thanks in part to sale of its last tanker
  • Ernst Russ expects to log operating result close to $100m this year
    Hamburg-based tonnage provider profits from expanded container shipping fleet
  • Ukraine $100m insurance package may slash marine war risk costs by half, lead broker says
    Public-private hull and liability insurance scheme covers just agricultural exports out of Ukraine
  • 'The wolf is here': Failure to build infrastructure to prevent Panama Canal water crisis fuels anger
    Green Seas newsletter reports on the maritime unions' calls for action on the drought-stricken waterway
  • CMA CGM eyes switch to LNG from methanol for dual-fuel container ship newbuildings
    Shipowners are considering the costs and availability of green alternative fuels
  • Easterly's Darrell Crate explains who's selling chemical tankers in strong markets
    Managing principal says owners' different tastes open up opportunities for buyers
  • Easterly's MLEP kicks off new fund with swoop for Celsius chemical tankers
    Boss Darrell Crate tells TradeWinds that US shipowner's appetite for tonnage is renewed
  • Zim reveals shocking $2bn quarterly loss after non-cash impairment
    Carrier relies on $3bn in built-up liquidity to weather the downturn
  • Kremlin shrugs off US' oil price cap crackdown
    Russian export revenues in September hit their highest levels for more than a year
  • Resurgent DOF wins $105m charter and brings in Maersk vessel
    Norwegian owner reveals new deals as profit jumps back into the black
  • BW LPG says Panama Canal disruption is not all good news for VLGC owners
    Bosses point out that extra costs for operators are not easily passed on to end users
  • Wavelength: Why tanker owners face Russian crude crackdown
    Sanctions web may be full of holes but anyone snared could suffer severe penalties
  • Bunker One steps up fuel additives trial after early study generates consumption cuts
    Trial has been expanded to include vessels from six different shipowners
  • Spetalen's Standard Supply sells PSV trio for huge gain as asset values soar
    Oslo-listed owner banks $72.2m in en-bloc deal with tonnage in demand
  • Livestock carriers get high tech in move to improve animal welfare
    Use of internet of things network to continuously monitor animal conditions due to welfare pressure
  • Concordia mulls its options after being reduced to single tanker
    Company excited about future but not rushing into next investment in cyclical industry
  • Dry-dockings slim Awilco LNG's third-quarter figures
    But fixed rate contracts on company's two vessels set to put it back on track
  • DFDS profit trends down as it raises full-year expectations
    Danish ferry outfit is carrying less freight but more passengers
  • Koch Shipping extends charters of four 2020 Bulkers newcastlemaxes
    Commodities giant's shipping operation will keep hold of the bulkers for at least two more years
  • ONE shares $2bn methanol dual-fuelled container ship order with two Chinese yards
    Asian liner giant is said to have ordered six vessels each at Jiangnan Shipyard and Yangzijiang Shipbuilding
  • MOL turns to AI to fight car carrier fires
    System will able to detect abnormal images and alert crew and onshore staff
  • Houthi leader threatens to target Israeli ships over Gaza war
    Yemeni rebel leader says group is monitoring Israeli-owned tonnage in Red Sea
  • Wartsila reveals first ammonia four-stroke engine along with initial customer
    Viridis Bulk Carriers signs up as pilot to take on pioneering engines
  • Fuel being removed from Russian tanker five days after grounding
    Product carrier Victoria being battered by big waves off Sakhalin Island
  • EU mulls targeting ship sales and Danish transits in new Russia measures
    Measures reportedly being discussed as bloc mulls a 12th round of measures over invasion of Ukraine
  • DFDS profit trends down as it raises full-year expectations
    Danish ferry outfit is carrying less freight but more passengers
  • KCC to fit four more ships with Silverstream air lubrication systems
    Combination carrier company also has options for more retrofits as it aims to cut emissions.
  • Turkey warns 'poison merchants' after cocaine found tied to Berge Bulk anchor chain
    Capesize Berge Torre was searched by divers in Iskenderun Bay after trip from Colombia
  • Cedar LNG bags berth space for FLNG unit at Samsung Heavy Industries
    Kitimat project is targeting an end-of-year, early 2024 final investment decision
  • ASL Marine reverses year-ago loss on improving markets
    Singapore-listed offshore support vessel player continues turnaround effort, but some uncertainties remain
  • Panama Canal restrictions could boost demand for handysize gas carriers, Navigator says
    Booking requirement forces ships to wait for days or take much longer voyages around Cape Horn

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American Shipper web site
NOVEMBER 15, 2023
  • DHL Express upsizes Hong Kong air hub
    DHL Express has doubled the size of its Asia air hub in Hong Kong.
  • Massive impairment charge drags shipping line Zim to $2.3B loss
    Zim's headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.
  • Korean Air says Amerijet-Maersk cargo partnership violates trade agreement
    U.S. cargo airline Amerijet accuses Korean Air of protectionism. Korean Air says Amerijet is trying to cover up the true nature of its relationship with Maersk Air Cargo because it violates air transport rules.

››› 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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