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October 14, 2025

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Exim India web site
OCTOBER 14, 2025
  • Gaurav Dayal appointed Chairperson of JNPA
  • IASL champions India-Russia business synergy through high-level collaboration forum
  • "PM GatiShakti - Offshore" launched to strengthen integrated offshore planning and boost India's Blue Economy
  • TVS ILP invests INR 250 crore in Grade-A Industrial & Logistics Park in Visakhapatnam
  • RBI notifies change in use of export proceeds received in foreign currency accounts at IFSC
  • Sustained increase in service instability
  • India a key growth engine of the global economy: IMF
  • US imports of containerised goods dip in Sept.
  • Allcargo Logistics' composite scheme approved by NCLT; domestic and international business to restructure under separate listed companies H International Supply Chain business will be demerged into a new
  • China's exports to US down 27 pc in Sept.

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International Transport Journal web site
OCTOBER 14, 2025
  • How Scottish exporters weave success back in Europe
  • Leschaco opens chemical logistics hub in Bremen
  • Fire safety needs real-time awareness
  • Forto appoints Caiti as country manager Italy
  • CBP intercepts two major cocaine shipments
  • Strengthening Italy/Africa trade links
  • Lakeway Link adds "Mistral" for daily sailings
  • Startup acquires heritage firm Mallory Alexander
  • US freight firms still favour human drivers
  • Brussels airport opens "Brucargo Central"
  • Leunen also moves from Brussels to Ostend

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The Loadstar web site
OCTOBER 13, 2025
  • US sanction threat to countries that sign up to IMO bid for greener shipping
  • China's forwarders feel the heat of rising costs as logistics sector faces change
  • From fast tracks to red tape - the 'gig-logistics' showdown of 2025
  • Still stuck in low gear, US truckers face additional tariff headwinds
  • DSV - 'asymmetric payoff'
  • From trash to transport - the curious case of Rhenus Logistics
  • Moving parts: how the US government shutdown impacts logistics
  • South Korea's second-hand car trade now prefers to ship in a box
  • New cross-Channel multimodal service offers reliability and speed, says OST chief
  • US ban on Chinese carriers overflying Russia will have limited impact
  • OceanX Radar: Tit for tat is back while decarbonisation loses its steam

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Marine Log web site
OCTOBER 13, 2025
  • Stage set for EU-U.S. confrontation on IMO NZF
    This week, IMO's Marine Environment Protection Committee is holding an extraordinary session of to consider adoption of the proposed carbon tax on shipping that IMO calls the "Net Zero Framework" (NZF). The
  • Jan De Nul orders a new large rock installer George W. Goethals
    With a growing global demand for the protection of subsea cable infrastructure, Luxembourg-headquartered Jan De Nul has ordered a new dedicated rock installation vessel, the George W. Goethals. The vessel has a

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Container News web site
OCTOBER 13, 2025
  • Pakistan tries to reposition itself on Indian Ocean shipping
    Pakistan's recent US$193 million acquisition of three secondhand tankers signals more than routine fleet modernization
  • PD Ports launches new jumbo rail service
    PD Ports has launched its first jumbo rail service linking Teesport with Mossend and Grangemouth, strengthening connections between Scotland and global markets. The new 16-wagon service, developed in partnership with Network Rail and DB Cargo, increases weekly capacity by 40 additional slots and replaces the previously separate routes to Mossend and Grangemouth. Designed to support Scottish disti
  • Ensemble digitises workforce scheduling at ABP's Port of Newport
    Ensemble has signed a contract with Associated British Ports (ABP) to modernise workforce planning at the Port of Newport using its AI-driven scheduling platform, Athena. The deployment marks a key step in ABP's ongoing digital transformation. Athena uses machine learning to create optimal workforce schedules in seconds, ensuring the right people with the right skills are assigned at the right ti
  • Swire Shipping revises PSS for Asia-Pacific Islands trade
    Swire Shipping has announced a revision to its Peak Season Surcharge (PSS), citing rising operational costs, increased charter hire rates, and stronger cargo demand across key regional lanes. Effective November 1, 2025 (Bill of Lading date), the updated PSS will apply to shipments moving from North Asia, Greater China, Southeast Asia, the Middle East Gulf, and the Indian Subcontinent to destinati
  • What's the operational importance behind ICTSI's Durban victory?
    A South African court ruling last Friday did more than settle a commercial dispute, it may have determined who controls Africa's maritime future
  • Lloyd's List Intelligence unveils new maritime compliance solution
    Lloyd's List Intelligence (LLI) has launched its new Ownership Intelligence & Cargo Risk solutions within the Seasearcher platform, offering deeper visibility into vessel ownership and cargo movements to help the maritime sector counter evolving sanctions evasion tactics. The new tools arrive amid growing global scrutiny of maritime trade, following regulatory actions like the April 2025 OFAC gui
  • Maersk announces seasonal blanking on Northern Star service
    Maersk has announced a seasonal blanking on its Northern Star service for the Delos Wave voyages 548S/550N, affecting sailings scheduled for November (ex APA) and December (ex OCE). The adjustment comes in response to Christmas and New Year closures in New Zealand during the scheduled sailing period. To minimize disruption, bookings will be automatically transferred to the next available sailing.
  • DP World and Tashkent invest to logistics terminal
    DP World has entered into a joint venture with Tashkent Invest, a subsidiary of the Tashkent City Administration, to develop and manage a state-of-the-art multimodal logistics terminal near the Uzbek capital. The partnership marks a significant step in advancing Uzbekistan's logistics infrastructure and its ambition to become a regional trade hub. The new terminal in the Yangi Avlod Special Indus
  • NSW Ports appoints Vice President for Asia-Southeast and Oceania
    NSW Ports CEO Marika Calfas has been elected as the International Association of Ports and Harbours Vice President for Asia-Southeast and Oceania. Ms Calfas was officially appointed at the IAPH Annual General Meeting in Kobe last week following a member port vote conducted earlier this year. Ms Calfas stated she was honored to be elected to represent the region's ports and looked forward to colla
  • Leschaco opens new chemical logistics hub in Bremen
    The Leschaco Group has expanded its logistics network with a new chemical multi-purpose facility in Bremen Industrial Park, Germany. The site strengthens the company's capabilities in handling hazardous materials and supports growth in its LCL (Less than Container Load) and GCL (Global Contract Logistics) segments. Covering around 20,500 square metres, the new facility offers over 12,000 pallet s
  • The Glass Supply Chain: How Logistics Challenges Are Reshaping Auto Glass Availability and Pricing in North America
    Image Source: https://pixabay.com/photos/glass-car-glass-broken-glass-car-1749697/ While many drivers underestimate the importance of auto glass, it remains a critical component in ensuring safety and maintaining the structural integrity of modern vehicles. However, in recent seasons, the repair industry has faced mounting pressure as supply chain bottlenecks continue to slow service delivery. Ac
  • Gulftainer launches landbridge solution
    Gulftainer has launched its Landbridge solution to revolutionize cargo movement across the UAE and the wider GCC. Leveraging the strategic location of Khorfakkan Commercial Terminal as the first gateway to the UAE market, Gulftainer's Landbridge offers the fastest connectivity to domestic and regional markets with a fleet of over 300 trailers, seamless network for cross-border cargo movement supp
  • Valmet upgrades automation at Ennatuurlijk Helmond power plant
    Valmet will modernize the turbine automation and control systems at Ennatuurlijk's combined cycle power plant (CCPP) in Helmond, the Netherlands. The upgrade will boost operational efficiency, reliability, and safety while supporting Ennatuurlijk's goal of achieving carbon neutrality. The project involves a full replacement of the distributed control system (DCS) and turbine controls. Once comple
  • U.S. government rejects proposed IMO global carbon tax on shipping
    In a joint statement, Secretary of State Rubio, Secretary of Energy Wright, and Secretary of Transportation Duffy announced that the United States will oppose the proposed NZF carbon reduction framework under consideration by the International Maritime Organization (IMO). The measure, aimed at reducing global CO2 emissions from international shipping, would mark the first time a UN agency imposes
  • AD Ports Group launched Blue Initiative at Quantum Maritime Conference
    Abu Dhabi Maritime Academy, an integral part of AD Ports Group, has successfully concluded the Quantum Maritime Conference 2025, the world's first international forum dedicated to connecting quantum technologies, artificial intelligence, and maritime innovation. Hosted at the Academy's state-of-the-art Abu Dhabi campus from 8th to 9th October 2025, the event established a new global framework for
  • Rhenus launches eco-friendly barge "Rhenus Berlin I"
    Rhenus has launched its new inland barge Rhenus Berlin I at the Bulk Cargo Terminal in the Port of Szczecin. The vessel marks a key step in sustainable transport for the wind energy sector. Built between April and September 2025 at the Szczecin shipyard, the 100-metre barge was designed for ENERCON . It can carry two rotor blades up to 86 metres long and is ready for future 88-metre blades. Rhenu
  • Deciphering DP World-Hapag Lloyd strategic convergence in Brazilian container shipping
    The renewal of DP World's partnership with Hapag-Lloyd at Santos for another decade coinciding with a US$190 million terminal expansion represents far more than a routine contract extension. This strategic alignment reveals converging interests between a global terminal operator pursuing vertical integration and a major carrier seeking to solidify its South American footprint amid challenging mar
  • FIATA elects new global leadership team
    FIATA, the International Federation of Freight Forwarders Associations, has elected a new leadership team during its 2025 Electoral General Meeting in Hanoi, marking a new chapter for the global freight forwarding community. Thomas Sim from the Singapore Logistics Association has been elected President, succeeding Turgut Erkeskin of Türkiye. The election also marks a historic milestone - the appo

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Splash web site
OCTOBER 13, 2025
  • Valaris lands $140m drillship deal with BP
    New York-listed offshore driller Valaris has won a contract for one of its drillships from a subsidiary of supermajor BP. The contract for the 2014-built Valaris DS-12 is for five wells with BP Exploration Delta Limited in Egypt. The deal is expected to commence in the second quarter of 2026 and has an estimated duration ...
  • Oldendorff and Salzgitter target 20% emission cut in iron ore shipments
    German shipowner Oldendorff Carriers and fellow steelmaker Salzgitter have signed a long-term deal to lower carbon emissions from the seaborne transport of iron ore to Hamburg. Starting in January 2026, Oldendorff will deploy fuel-efficient bulk carriers to move iron ore from various loading ports to Salzgitter's steelmaking hub. The operation is expected to cut CO2 ...
  • Maersk launches onboard trials of methanol and ethanol mix
    Danish shipping giant Maersk has started onboard fuel trials of a methanol-ethanol blend as part of its efforts to explore alternative fuel use for decarbonising global shipping. The company's 2,100 teu methanol-fuelled containership Laura Maersk, which became the world's first container vessel to operate on green methanol in 2023, is now serving as a test ...
  • MPC Container Ships keeps renewal momentum with newbuilds at Fujian Mawei
    Oslo-listed tonnage provider MPC Container Ships (MPCC) has pressed ahead with its fleet renewal programme, ordering two 1,600 teu containerships from Fujian Mawei Shipyard in China. The vessels, designed for Northern European feeder trades, are due for delivery in the second half of 2027 and have been fixed on eight-year charters - plus options for ...
  • Sea1 Offshore secures new PSV deal
    Norwegian offshore vessel owner and operator Sea1 Offshore has been awarded a new contract for one of its platform supply vessels (PSVs). An undisclosed client hired the 2013-built Sea1 Atlas for operations in Brazil. Start of the contract is set for the first quarter of 2026. The vessel has been hired for three years, and ...
  • Trump administration threatens sanctions over IMO climate vote
    The Trump administration's weaponisation of trade and shipping reached a new level on Friday, with Washington threatening to sanction nations that vote in favour of the International Maritime Organization's (IMO) upcoming Net Zero Framework (NZF) - a global plan to cut shipping's greenhouse gas emissions. In a joint statement, Secretary of State Marco Rubio and ...
  • Pakistan National Shipping Corporation sets out to double fleet size
    Pakistan National Shipping Corporation (PNSC) has approved the acquisition of three secondhand tankers for about $193m, as part of its drive to double the national fleet to 30 vessels by 2026. Two aframaxes, Lorex and Nafsika, are costing $74.5m each while the Stavenger Poseidon, an MR2 tanker, has been bought for $44.15m with all three ...
  • China's ship repair yards in overdrive as ageing fleet drives global boom
    Global ship repair activity has jumped 7% this year, far outpacing overall fleet growth, according to new figures from Clarksons Research. The uptick comes as an ageing fleet hits key survey milestones and as owners rush to install energy-saving technologies (ESTs) to meet tightening decarbonisation goals. Clarksons said the 15-year anniversary of the 2009-10 shipbuilding ...
  • China's retaliatory port fees add fresh chaos to global shipping
    Over the weekend, a number of ships bound for China turned around following Friday's retaliatory measure from Beijing against American-linked tonnage. Starting tomorrow to coincide with the US plans to charge Chinese tonnage increased port fees, China will demand an extra RMB400 ($56) per net ton for US-built, operated, flagged - or even listed - ...
  • Carbon costs hit shipping balance sheets as $50bn era looms
    Carbon pricing in shipping is no longer an abstract regulatory concept - it's a growing commercial cost that is reshaping balance sheets across the maritime value chain. In 2025, emissions trading under the EU ETS alone is expected to add more than $6bn in costs to global shipping. By the end of the decade, a ...

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Lloyd's List web site
OCTOBER 13, 2025
  • Beijing issues detailed rules for reciprocal port fees targeting US-linked vessels
    China's transport ministry has detailed how its port fees on US vessels will work, although many questions remain unanswered
  • IMO should adopt, then fix, the Net-Zero Framework
    The landmark carbon price could be a disaster or a climate breakthrough. The IMO should adopt it, and make sure...
  • USTR's new port fee structure to cost vehicle carriers up to $1.6m per visit
    New fee policy extends beyond China-built ships and could raise legal challenges
  • The week in charts: Flag hopping accelerates as shadow fleet matures | Ofac sanctions hit Iranian LPG shadow fleet | Carriers will need convincing before Red Sea return
    Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
  • Gard sees hefty technical loss in first half
    Announcement comes as International Group clubs due to set out 2026 pricing in next few weeks
  • The week in newbuildings: Germany's TT-Line returns to Chinese yard for big ro-pax ferries
    Firm orders were signed in the past week for boxships, bunkering vessels, general cargoships and tankers with almost all being...
  • Maritime leadership's direction and influence come under review
    With decades of experience as a ship operator and now CEO of Singapore-based Synergy - the world's second-largest shipmanagement company...
  • Leaders must support the new IMO deal, but it is far from perfect
    Adopting the deal and strengthening the rules to restrict first-generation biofuels and boost e-fuels can turn the Net-Zero Framework into...
  • The Daily View: Parallel phase
  • Performance Shipping clinches $150m deal for TOP Ships suezmaxes
    Deal is Greek owner's first in the suezmax sector
  • CIMC yard wins LNG bunker orders as demand outlook strengthens
    Global LNG bunkering is expected to exceed 16m tonnes by 2030, boosting orders for Chinese-built ships
  • Hanwha Ocean shortens delivery schedule following production stabilisation
    Move reflects the shipbuilder's broader turnaround in output and profitability after overcoming earlier delays and cost pressures
  • EU stands firm on IMO net zero plan as US threatens retaliation
    Looming IMO vote on decarbonisation tests unity in global shipping and exposes widening policy rifts
  • Daily Briefing
    Flag hopping accelerates as shadow fleet matures under sanctions pressure | Sweeping Ofac sanctions target Iranian LPG shadow fleet |...

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The Journal of Commerce web site
OCTOBER 13, 2025
  • China's Dajin Heavy dips toe into MPV ownership for wind farm cargoes
    The maker of wind energy components has invested in its first heavy cargo deck carrier, one of four such vessels built by Dajin's own shipbuilding division that the company will take delivery of this year.
  • Slide in MPV rates seen as a blip, not a breakdown, as projects keep flowing
    Breakbulk and project carriers continue to be upbeat for cargo prospects through the end of the year and into 2026.
  • White House sanctions threat ups ante ahead of pivotal IMO meeting
    On the eve of IMO's London gathering this week, Washington has pledged to retaliate against nations supporting what it says is a "European-led neocolonial export of global climate regulations."
  • Car carrier sector slams USTR's decision for threefold increase in port fees
    The move would substantially increase costs and reduce capacity for vehicle and equipment makers like Ford and Caterpillar who rely on vehicle carriers and ro/ro vessels to export their products, stakeholders say.

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TradeWinds web site
OCTOBER 13, 2025
  • Industry groups and more shipowners join Angelicoussis-led coalition opposing IMO carbon deal
    Coalition that started with just six Greek shipowners adds industry groups
  • Beijing exempts Chinese-built vessels from anti-US port fees
    China pedals back on part of its retaliatory measures to protect its own shipbuilding industry
  • Chinese port fees for US-linked ships will be double-edged sword for bulker spot rates, analysts say
    Incoming China regime expected to both add costs and support bulker rates in the short term
  • Manic Monday for capesize markets as China port fee news pushes rates sharply higher
    Monday's market saw big-money moves as traders reacted to US-China news
  • Naval forces remain on alert for Houthi attacks despite Gaza ceasefire deal
    Combined Maritime Forces assesses threat level at 'substantial' to 'critical'
  • 'Severe and dangerous' VLCC detention case could have profound impact on piracy fight, says West African nation
    Equatorial Guinea believes anti-piracy efforts will be hit if it loses $60m case over the detention of 26 seafarers
  • Shipowning trio teams up as GSX Energy to contract LNG bunker vessel newbuildings
    Partners extend interest in growing sector but spread slot coverage to second shipyard
  • Clarksons predicts how many Chinese tanker calls could be affected by new port fees
    Effect of Chinese measures could be greater than the US rules they are designed as retaliation for
  • Oldendorff Carriers to cut shipping emissions for German steelmaker
    Partnership will cut emissions by creating efficiencies in fuel consumption and vessel operations
  • Iran charges 17 tanker crew members after oil seizure
    Seafarers from vessel named as Phoenix now face trial
  • Union Maritime opens US hub with hire of former Bahri and Navig8 chartering boss
    Steve Raterman to spearhead London owner's expansion across the Atlantic
  • Claims spike fails to dent profits for world's largest marine insurer Gard
    Norwegian company says large claims hit underwriting figures
  • Okee founder returns to German family fold as succession plans play out
    Succession plans move forward as fourth generation start work with DAL/Essberger
  • Wavelength podcast: John Fredriksen's game plan amid rumours of LR2 fleet sell-off
    Plus, the ordeal of the VLCC crew locked up in Africa after mistaking a patrol vessel for pirates
  • Frontline clean tanker fleet sale must beat broker valuations 'to avoid destroying value'
    Clarksons Securities says trading above net asset value brings pressures as well as advantages
  • China port fee blow could land well beyond shipowners listed on Wall Street
    Vast number of public companies risk being caught up in the new retaliatory rules, following the US crackdown on China's maritime dominance
  • Braemar rebuilds its tanker team after stream of exits
    A VLCC name returns, with fresh faces formerly with Clarksons, Vortexa and Teekay joining
  • Chinese VLCC switches destination after US sanctions crude terminal
    China VLCC's New Vista has docked in Ningbo instead with UAE oil
  • Seven Islands Shipping splashes out on suezmax tanker from Eastern Pacific
    Company acquires vessel from Idan Ofer
  • Crunch carbon talks begin with IMO firmly in the spotlight
    Four days of discussions will focus on whether newly minted regulations are fit for purpose
  • MPC Container Ships fast-tracks fleet renewal with fresh order for up to six vessels
    German owner opts for Fujian Mawei as orderbook expanded
  • International Seaways shifting tanker-owning companies to Bermuda in efficiency drive
    Re-domiciling of fleet will cost between $3m and $5m, US-listed owner says
  • Man lost at sea after jumping off Greek container ship
    Search efforts involve five commercial vessels and one military helicopter
  • Former Greek VLCC re-emerges as Nigeria's first fully owned crude storage vessel
    Smart Tankers' Ivonne is operating under a new name and ownership
  • Two long-serving US directors quit shipowner Okeanis to comply with snap Chinese port fees
    Greek owner says departure of investment experts Robert Knapp and Joshua Nemser did not result from any management disagreements
  • Koch Shipping revealed as investor in Tor Olav Troim VLCC project as Bruton pushes merger forward
    Bulker charterer has agreed to accept stock in public vehicle Bruton
  • Man lost at sea after jumping off Greek boxship
    Search efforts involve five commercial vessels and one military helicopter
  • Morten Astrup's credit fund bets on International Seaways bond
    Seaways ranks among most conservatively managed companies in tanker space, fund says
  • Long-serving Okeanis Eco Tankers directors quit as Greek owner wavers on replacements
    Greek owner says departure of investment experts Robert Knapp and Joshua Nemser did not result from any management disagreements
  • Thenamaris steps into the spotlight: $1bn fleet move would add to run of Greek mega-deals
    Talks to boost fleet with Frontline product tankers is an unusually high-profile move for giant Greek owner
  • Chinese shipowners' association warns US against taking further retaliatory measures
    China Shipowners Association says port fees equivalent to a 4% tariff hike

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American Shipper web site
OCTOBER 13, 2025
  • U.S. threatens global shipping over new carbon tax
    The United States is threatening penalties ranging from port fees to barring ships from entry on nations that back a controversial carbon tax on ships' emissions.

››› File
FROM THE HOME PAGE
Tanker hit near Strait of Hormuz
Portsmouth
A bullet caused minor damage. The crew was unharmed.
Sharp increase in transshipment containers in the port of Barcelona
Barcelona
In February, overall freight traffic increased by +8.1%
PPC denounces that the Republic of Panama is delaying the arbitration at the ICC
Panama
The Chinese company continues to reiterate the illegality of the seizure of the Balboa and Cristóbal port terminals
Alessandro Becce is the new Secretary General of the Sardinian Sea Port Authority.
Cagliari
Bagalà: EU ETS application for major and minor islands must be cancelled
Operation Aspides' mandate will not be extended to the Strait of Hormuz at this time.
Brussels
This was announced by the High Representative of the European Union for Foreign Affairs, Kaja Kallas.
Greece and Italy reject the extension of Operation Aspides to the Strait of Hormuz.
The ships of the two nations constitute the naval force of the European mission
Freewheels: The government has broken its promise regarding fuel taxes.
Modena
Franchini: Continuing to treat road haulage like a tax cash machine is simply irresponsible.
Pessina (Federagenti): Shipping will also overcome the Strait of Hormuz crisis.
Genoa
We hope - he specified - that we will soon move in the direction of a progressive normalization.
Israel's eastern Mediterranean coast has been designated a high-risk area for the safety of ships and crews.
London
Resolution of the International Bargaining Forum
Evergreen Marine Corporation's revenues decreased by 26.0% in the fourth quarter of 2025.
Taipei
Quarterly net profit down 71.8%
EU Commission and EIB support for investment projects in small and medium-sized ports
In the second half of 2025, OOIL's revenues decreased by -20.0%
Hong Kong
Net profit down 67.9%
In transalpine freight transport through Switzerland, rail is losing further market share to road transport
Bern
Dramatic development - a report underlines - from the point of view of Swiss modal shift policies
An extraordinary IMO council will be held on 18 and 19 March to discuss the situation in the Middle East.
London
As of yesterday, the attacks on ships have resulted in the death of eight sailors and the wounding of ten, in addition to three missing.
In 2025, combined road/rail traffic handled by Hupac grew by +4.3%
Noise
The need to extend the application of contributions to transalpine combined transport beyond 2030 was reaffirmed.
Yang Ming to order six new 13,000 TEU dual-fuel LNG containerships
Keelung
The fourth quarter of 2025 was closed with a net profit down by -81.2%
The resumption of shipping traffic through Suez does not appear to be affected by the blockade in the Strait of Hormuz
Cairo/Southampton/Washington/Genoa
While ships increased by 1.9% in January, growth in the canal has since been more sustained. War material seized in the port of Genoa.
US prepares to attack Iranian ports
Tampa/Muscat
Centcom warns civilians to immediately avoid all port facilities. Drones over the port of Salalah.
MSC to build container terminal at Snake Island Port in Lagos
Geneva
45-year concession agreement with Nigerdock
Attacks on ships in the Strait of Hormuz resume
Southampton/Geneva
A container ship was damaged. A fire broke out on another vessel. UNCTAD raised alarm over the effects of the disruption to maritime traffic in the region.
Three crew members of a bulk carrier stricken in the Strait of Hormuz are missing.
Bangkok
Twenty seafarers were disembarked in Oman
ONE's stake in Poseidon (Seaspan Corporation) will rise to 48.9%
Singapore/Toronto
Investment worth $1.07 billion
FS Logistix and Grimaldi Euromed sign agreement to develop integrated sea-rail transport solutions.
Verona
Confitarma requests the possible deployment of Italian Navy units to the Persian Gulf and Strait of Hormuz area.
Rome
Zanetti: A concrete sign of attention to protecting the country's strategic interests.
Scotland debates taxing cruise ships
Three fifths of those interviewed said they were in favour of granting local authorities the power to introduce a tax
Last year, freight traffic in German ports amounted to 284.4 million tonnes (+3.8%).
Wiesbaden
Imports increased by +5.3%
In January, freight traffic in the ports of Genoa and Savona-Vado Ligure fell by -4.9%.
Genoa/Ravenna
A growth of +12.5% was recorded in the port of Ravenna
In 2025, ZIM's revenues fell by -18.1%
In 2025, ZIM's revenues fell by -18.1%
Haifa
The decline was more pronounced in the fourth quarter (-31.5%). Glickman: the merger with Hapag-Lloyd is very positive for shareholders.
Last year, freight traffic in the port of Bremen increased by 5.4 percent.
Last year, freight traffic in the port of Bremen increased by 5.4 percent.
Bremen
In the fourth quarter alone, growth was +5.4%, with container loads increasing by 11.8%.
In 2025, the port of La Spezia handled 12.6 million tons of goods (+3.3%)
In 2025, the port of La Spezia handled 12.6 million tons of goods (+3.3%)
La Spezia
At the port of Marina di Carrara, traffic was 4.8 million tonnes (-0.7%)
PPC and CK Hutchison warn that they will assert all their rights and seek full compensation from Panama
Hong Kong
In 2025, the PSA terminal operator group recorded record revenues
Singapore
Operating profit up 19.0% and net profit up 0.5%
In 2025, the CMA CGM group's shareholder profit fell by -58.1%.
Marseille
Revenues down -2.0% (-5.2% in the fourth quarter alone)
2025 was Global Ship Lease's best year yet
Athens
Positive trend also in the fourth quarter
In the fourth quarter of 2025, freight traffic in the ports of Naples and Salerno grew by +2.0%
Naples
The -1.0% decline recorded at the regional capital's airport was more than offset by the +6.3% growth in Salerno
The Maritime Federation fully endorses the new EU strategies for the maritime and port sectors
Rome
Mattili: We are available to contribute to the EU Industrial Maritime Value Chains Alliance.
CK Hutchison announces it has intensified legal action against the Republic of Panama.
Hong Kong
Addendum to the Notice of Dispute filed with the ICC
Global Ports Holding's cruise terminals see record traffic
Istanbul
Last year there were 18.1 million passengers (+8.5%)
Interferry: The EU Commission's path to ferry decarbonization is the right one.
Victoria
Roos: It is good to recommend that ETS funds be used exactly where they are collected.
CLECAT promotes the EU strategy for the European maritime, port and logistics system
Brussels
Emphasis is also placed on the need to prevent integrated operators from limiting competitors' access to infrastructure, services or customers.
ESPO approves new EU Port Strategy
Brussels
Among the most appreciated elements, the commitment to implement a review of the EU ETS and the FuelEU Maritime Regulation
Tanker hit near Kuwait coast
Southampton/Kuwait City
A shell also hit a container ship in the Strait of Hormuz
European shipowners and shipbuilders applaud the EU's strategy for the sector. German port operators are less convinced by the proposal.
Brussels/Rome/Hamburg
WSC welcomes the strategies for the maritime industry and ports proposed by the European Commission
Washington
However, according to the association, they are not sufficiently attentive to the simplification of trade exchanges.
The European Commission presents two strategies to promote the competitiveness, sustainability, safety and resilience of EU ports, maritime transport and shipbuilding.
Brussels
A high-level council will be established
Explosions and a fire on a Russian ship that sank near Libya
Moscow/Tripoli
In December, Ukraine claimed responsibility for an attack on a Russian oil tanker in the same region.
Attacks on ships in the Strait of Hormuz region continue
Southampton/Battaramulla
Three naval vessels reported shellfire and damage. An Iranian frigate was hit in Sri Lanka.
Viking orders two new expedition cruise ships from Fincantieri and secures an option for two ocean-going vessels
Trieste
The value of the agreements exceeds two billion euros
Container traffic at the Maltese port of Marsaxlokk remained stable in 2025
Kalafrana/Hong Kong
China's CMPort has signed a 70% stake in Brazil's Vast Infraestrutura oil terminal.
T&E: Over half of European ferries could become electric by 2035
T&E: Over half of European ferries could become electric by 2035
Brussels
Klann: Electric ferries are already cheaper on many routes and will become even cheaper in the coming years.
ITF, JNG and IBF have designated the Strait of Hormuz and surrounding waters as a High Risk Area
ITF, JNG and IBF have designated the Strait of Hormuz and surrounding waters as a High Risk Area
London
The area may soon be transitioned to a Warlike Operations Area.
Nautilus International urges States and shipping operators to ensure the safety and rights of seafarers
London/Brussels
The International Trade Union Confederation urges an immediate ceasefire by all parties
Strait of Hormuz: A sailor from a ship attacked by a drone vessel dies.
Muscat
Twenty-one crew members were evacuated
Norwegian Cruise Line Holdings closes a record 2025, but faces challenges with non-operating costs.
Miami
The war crisis in the Middle East also affects ports
Dubai/Muscat/Washington
Kramek (WSC): Liner shipping has demonstrated its ability to react to emergency situations, such as the one in the Red Sea
ICS, ECSA and ASA concerned about seafarers' safety in the Middle East
London/Brussels/Singapore
This is - they underlined - a rapidly evolving and unpredictable situation.
Hapag-Lloyd and Maersk were the first to sense trouble in the Middle East. A tanker sanctioned by the US was hit.
Hamburg/Copenhagen/Southampton/
Washington/Muscat
On Friday, the two companies notified customers of changes to their services in the region. Four Skylight crew members were injured.
European list of ship recycling facilities updated
Brussels
Including for the first time a German shipyard, that of Emden
Confitarma urges the EU to strengthen the attractiveness of its maritime flags
Rome
An arbitration worth over $1.5 billion will resolve the dispute between PPC and the Republic of Panama.
Panama
Procedure at the International Chamber of Commerce in New York
Tender for the multipurpose terminal at the Príncep d'Espanya pier in the port of Barcelona
Barcelona
The concession contract will have a duration of 16 years
Fincantieri and Navantia agree to jointly coordinate and execute the European Patrol Corvette project.
Sad/Madrid
They will form a joint venture that will be open to participation by the other project partners.
In 2025, the port of Rotterdam handled 14.2 million containers (+3.1%)
In 2025, the port of Rotterdam handled 14.2 million containers (+3.1%)
Rotterdam
In the fourth quarter alone, containers amounted to 3.5 million TEUs (+3%)
PSA announces a billion-dollar investment plan in the port of Genoa
PSA announces a billion-dollar investment plan in the port of Genoa
Rome/Singapore
The first phase focuses on the technological implementation and infrastructural adaptation of the PSA Genova Pra' terminal.
New logistics hub in London to boost rail freight through the Channel Tunnel
London
An investment of around £15 million is expected
Jeremy Nixon will hand over his position as CEO of Ocean Network Express to Till Ole Barrelet on July 1st.
Singapore
The German manager comes from Emirates Shipping Lines
The first three electric gantry cranes have been installed at the new intermodal terminal in Milan Smistamento.
Milan
At full capacity it will be able to handle up to 44 trains per day
Hong Kong government protests PPC's removal from Panamanian ports
Hong Kong/Beijing
Beijing government spokeswoman stressed that China will firmly protect the rights and legitimate interests of its companies.
European transport associations call for the CEF to be allocated at least €100 billion
Brussels
Chronic underfunding and financial shortfalls are lamented
The Panamanian government assigns the transitional management of the port of Balboa to APM Terminals and the port of Cristóbal to TiL
Hong Kong/Panama
CK Hutchison Holdings denounces the illegality of the terminal seizure and confirms the possibility of legal action.
Panamanian government seizes assets and equipment at the ports of Balboa and Cristóbal
Panama
The Panama Ports Company of the CK Hutchison group has been removed from the management of the two ports
Statement by rail and intermodal transport associations against gigaliners on European roads
Brussels
The current positions of the EU institutions - they denounce - all include elements that risk opening the door to a widespread diffusion of these vehicles.
The mandate of the EuNavFor Aspides mission has been extended until 28 February 2027.
Brussels
A budget of almost 15 million euros has been approved
The EU-ETS Observatory of Puertos del Estado confirms the risk of loss of container traffic share of European ports
The EU-ETS Observatory of Puertos del Estado confirms the risk of loss of container traffic share of European ports
Madrid
Santana: We believe that some aspects of the ETS should be monitored and, where necessary, revised.
Tidewater acquires Brazil's Wilson Sons Ultratug Participações for $500 million.
Houston
It has a fleet of 22 Platform Supply Vessels
Trump attempts to circumvent the Supreme Court ruling by introducing temporary tariffs
Trump attempts to circumvent the Supreme Court ruling by introducing temporary tariffs
Washington/Suitland
An executive order confirming the suspension of the "de minimis" regime was also signed.
Slight growth in freight traffic in the port of Ancona in 2025
Ancona
Rolling stock slightly down. Passenger numbers significantly down.
Construction of the cruise terminal at Molo San Cataldo in Taranto will begin in October.
London
Global Ports Holding invests over €4.5 million
Medlog (MSC Group) will acquire the remaining 29% of MVN from Logistics Project Italia
Rome
The operation has been notified to the Antitrust Authority
Greek group Attica Holdings continues its fleet renewal plan
Athens
Purchase of two catamarans for €15 million. Long-term lease of the "GNV Bridge" ferry.
Germany's Arvato has acquired Canada's THINK Logistics
Mississauga/Gütersloh
The company, founded in 2012, is headquartered in Mississauga, Ontario.
Two new state-of-the-art ship-to-shore cranes have arrived at the PSA SECH terminal.
Genoa
They will be operational from June
Banco BPM's €55 million financing to Grimaldi Euromed
Naples/Milan
Partially covers the purchase of the new ship "Grande Inghilterra"
Stolt-Nielsen sells 50% of Avenir LNG to NYK Line
Oslo/Tokyo
The company operates in the liquefied natural gas bunkering sector
Only 7% of the workers in the port companies and terminals of La Spezia and Marina di Carrara are women
La Spezia
Costa cancels cruises originally scheduled to sail to the Middle East
Genoa
The company currently has no vessels operating in the region.
In 2025, d'Amico International Shipping's time charter revenues decreased by -29.0%.
Luxembourg
Fourth quarter decline eases
NYK to become sole owner of Norway's Saga Welco
Tokyo/Tønsberg
The Tønsberg company has a fleet of 48 open-hatch vessels
Grimaldi Group's Valencia Terminal Europa will manage the new car terminal at the port of Sagunto.
Valencia
Grimaldi has taken delivery of the new PCTC Grande Seoul
Naples
It is the ninth ammonia-ready unit of the Neapolitan shipping group
The Cagliari-Algeria service operated by Maersk and Grendi will soon dock at the Giammoro di Milazzo pier.
Messina
It will be held on a weekly basis
Falteri (Federlogistica): The consequences of the war in Iran are only in their infancy.
Genoa
There is a dramatic congestion of perishable products in the hub airports of the Gulf, he underlined.
DP World reported record annual operating and financial results
Dubai
In 2025, container traffic increased by +5.8% and revenues by +22.0%
Two additional new Medium Range 2 tankers for d'Amico Tankers
Luxembourg
Exercised options with Chinese shipyard Jiangsu New Yangzi Shipbuilding Co.
Japan's MOL has acquired 25% of V.Ships France
Tokyo/London
The remaining 75% of the capital remains with V.Ships
ICTSI reports record annual and quarterly financial and operating performance
Manila
Last year the group's port terminals handled 14.5 million containers (+11.0%)
Wan Hai Lines' revenue decreased by 13.3% in 2025
Taipei
The company will buy four new 6,000 TEU container ships and two 9,200 TEU container ships.
Observatory on the presence of women in the blue economy sector
Milan
Initiative by WISTA Italy and the Maritime Federation
The first train will depart from the Pordenone Interport on April 2nd.
Pordenone
Ausserdorfer (InRail): We have already received new requests and contracts to increase connections
Triple ceremony for Explora Journeys at Fincantieri's Sestri Ponente shipyard
Genoa
Technical launch of "Explora IV", coin ceremony of "Explora V" and start of construction of "Explora VI"
The Propeller Club of the Ports of La Spezia and Marina di Carrara has renewed its board of directors.
La Spezia
Gianluca Agostinelli and Federica Maggiani confirmed as president and vice president
The Tunisian government decides to start construction of the port of Enfidha
Tunis
52,000 jobs expected to be created
Hundreds of containers of temperature-controlled plant-based food products are held up in the port of Genoa.
Genoa
Spediporto reports it
The La Spezia Freight Forwarders Association has established a terminal freight forwarder section.
La Spezia
The aim is to strengthen the representation and enhance the value of inland logistics.
FHP Intermodal launches rail service from northern Italy to Bari and Catania
Foggia
Initially, two pairs of trains are scheduled to depart per week.
Managing maritime shipments in a scenario made extremely complex by the crisis in the Middle East
Genoa
Botta (Spediporto) and lawyer Guidi suggest how to handle difficulties
The new Norwegian Luna cruise ship will be delivered in Marghera.
Trieste
It is the second unit of the "Prima Plus" class built by Fincantieri
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Assiterminal: The EU's port strategy is a success.
Genoa/Brussels
Seas At Risk, One Planet Port, and IFAW are concerned about the proposed regulation's reference to expediting environmental impact assessments.
The first electrical cabin dedicated to the cold ironing system has been completed in the port of Gioia Tauro.
Gioia Tauro
In April, the first connection of a container ship to a mobile socket
Konecranes revenues remained stable in 2025
Helsinki
The value of new orders grew by +9.7%, with a +21.3% for port vehicles
Finnlines' net profit increased by 50.7% in 2025
Helsinki
Revenues up 2.0%
Large shipment of ammunition and detonators seized in the port of Ancona
Ancona
He was about to be embarked on a ferry intended for the exclusive transport of passengers
Ravenna has been designated Capital of the Sea 2026
Rome
Petri (Assoporti): its port is a strategic hub for the national economy
2025 record for the American cruise group Viking Holdings
Los Angeles
Revenues grew by +21.9%
UECC has ordered China Merchants Jinling to build two PCTCs
Oslo
They will have a capacity of 3,000 CEUs and will be taken into delivery in 2028.
Kuehne+Nagel plans more significant staff cuts
Schindellegi
Worsening economic results in the fourth quarter of 2025
Public notice from the Northern Tyrrhenian Sea Port Authority to select the new Secretary General
Livorno
The procedure is not competitive in nature and no selection process is foreseen.
KKCG Maritime publishes a partial tender offer to increase its stake in Ferretti from 14.5% to 29.9%.
Milan/Hong Kong/Prague
The offer is not aimed at delisting the shares
Norovirus outbreak on second Holland America Line cruise ship
Hong Kong
65 passengers and 11 crew members of the "Westerdam" were injured.
SOS LOGistica, allocating only 10% of the €590 million for road transport to zero-emission vehicles is self-destructive.
Rome/Milan
Texts: talking today about a heavy BEV market that "takes off" remains a mirage
The first U212NFS submarine is being laid down at Fincantieri's Muggiano shipyard.
Trieste
The delivery of the first unit is scheduled for 2029
A new tender has been published for railway shunting in the ports of Savona and Vado Ligure.
Genoa
The tender base amount is 14.8 million euros
China's LC Logistics orders two new 11,000-TEU containerships
Hong Kong
Order with a total value of 236 million dollars
Palumbo Superyachts to build new metal shipbuilding hub in Ortona
Ortona
Concession area in the Abruzzo port
Kuehne+Nagel acquires the road transport business of German firm Lohmöller
Schindellegi
In 2024 they had generated a turnover of approximately 23.5 million euros
Rolls-Royce posts record annual financial performance
London
Revenues increased by 12.2% last year
Fincantieri delivered the ultra-luxury cruise yacht Four Seasons I in Ancona
Trieste
The Navis Sapiens program also debuts with the ship
Nearly 12 million tonnes of CO2 avoided in 2025 for vessels coated with Jotun products
Muggia
Estimated fuel cost savings of approximately $2 billion
In 2025, intermodal traffic handled by Interporto Padova amounted to 381,031 TEUs (-7.5%)
Padua
Record production value recorded
In 2025, the Nola interport handled 2,000 trains
Nola
A 50% increase is expected in 2026
A Livorno port pilot loses his life in a collision
Livorno
The dynamics of the accident are still under investigation.
Study on alternative marine fuels as potential marine pollutants and the effectiveness of response measures
Lisbon
It was commissioned by the European Maritime Safety Agency
The first in-person meeting of the international working group "Cruises & Port Cities" will take place in Taranto.
Taranto/La Spezia
Pisano (AdSP Liguria Orientale): the relationship between the city and the port is strategic, particularly in relation to cruise traffic
G20 merchandise trade trend to fluctuate in the fourth quarter of 2025
Paris
Trade in services is growing
Extension of incentives for rail freight shunting in ports
Rome
Paper (Fermerci): the sector, however, continues to suffer as demonstrated by the overall data for 2025
Saipem has been awarded a further offshore contract in Saudi Arabia
Milan
Order worth approximately 500 million dollars
MPC Container Ships revenues decreased by -4.3% in 2025
Oslo
Net income was $236.4 million (-11.4%)
The new offices of the Eastern Sicily Port Authority have been inaugurated in the port of Pozzallo.
Pozzallo
Contract worth approximately 750 thousand euros
Finmar appointed agent in Italy for United Global Ro-Ro
Genoa
Two services scheduled with stops at the port of Genoa
Contract awarded for the expansion of the San Cataldo Pier in the port of Bari
Bari
They will be carried out by the Rti Fincantieri Infrastructure Opere Marittime, Boskalis Italia, Zeta and e-Marine
The digital registry of maritime workers and the digital navigation booklet are law
Genoa
Article 11 of Legislative Decree 19/2026 establishes AGEMAR
DB Cargo plans to cut around 6,000 jobs
Berlin
Negotiations with employee representatives to begin soon
In 2025, containers transported by RCL's fleet increased by +8.8%
Bangkok
Revenues from this activity grew by +5.2%
Regarding Tardini's nomination as president of the Western Sicily Port Authority, Salvini and Schifani have (for now) buried the hatchet.
Palermo
Annual container traffic grows by 5.4% at HHLA port terminals
Hamburg
Record revenues expected at 1.76 billion euros (+9.9%)
Container traffic at the Port of New York is expected to grow by 2.3% in 2025.
New York
Significant increase in full containers for export
Politics and Assiterminal celebrate the extension of the port bonus
Rome/Genoa
Ferrari: understood the value of the planning behind the reformulation of the law
Container traffic at the port of Hong Kong decreased by -3.2% in January
Hong Kong
1.13 million TEUs were handled
Costamare secures $940 million in revenue from the charter of 12 container ships
Monk
Cargo traffic at the port of Singapore grew by 13.0% last month.
Singapore
Containers amounted to 3,892,370 TEUs (+11.3%)
CMA CGM has ordered six 1,700 TEU LNG containerships from Cochin Shipyard.
Marseille
By the end of the year, the number of Indian seafarers on board the French group's ships will rise to 1,500.
Filt Cgil, meeting on the importance of Article 17 of Law 84/94
Rome
It will be held tomorrow in Rome at the Frentani Congress Center
Britta Weber has been appointed as the new chief executive officer of the Hupac Group.
Noise
He is the current vice president of UPS Healthcare for Europe and Asia.
Saipem to acquire mobile offshore drilling unit for $272.5 million
Milan
Agreement with Norwegian Deep Value Driller
The 59th edition of the San Giorgio Award will be held in Genoa on February 20th.
Genoa
The Targa San Giorgio will be awarded to Gian Enzo Duci
Filt Cgil appeals against Cartour's authorization to carry out lashing and unlashing operations.
Medlog inaugurates a logistics park at Dammam's King Abdulaziz Port
Geneva
It occupies an area of over 100 thousand square meters
Manageritalia and Assologistica sign the renewal of the Ccnl managers of the logistics
Rome
Monthly gross earnings increase at 750 Euros in three tranche
Subscribed a binding agreement for the acquisition of Qube by Macquarie Asset Management
Sydney
It was unanimously approved by the Australian logistic group Cda
Meyer Turku completed the design of a cruise ship to zero net emissions
Turku
The main fuel is biomethanol
Last year the turnover of Kalmar grew by +1%
Helsinki
Operating income, net profit and new orders in increase respective of +26%, +28% and +8%
Terminal Investment Limited puts hands on the Peruvian port of Pisco
Lima
Acquired the Portuario de Paracas Terminal
Assagenti urges a more constant and timely information on the progress of the work of the new dam of Genoa
Grimaldi has taken delivery of the Grande Michigan
Naples
It is the eighth Pure Car and Truck Carrier ammonia ready of the Neapolitan group
Meeting between the presidents of the Maritime Federation and Assoporti
Rome
Mario Mattioli and Roberto Petri addressed the main issues of the maritime cluster
Morocco's Marsa Maroc participates in the development of the port of Monrovia
Casablanca
Contract for the management of two docks and the construction of a multipurpose terminal
South Korea's Pan Ocean buys ten VLCCs from compatriot SK Shipping
Seoul
Transaction valued at approximately $668 million
Roberto Mantovanelli has been appointed Secretary General of the Northern Adriatic Port Authority.
Venice
The 2026-2028 Three-Year Operational Plan for the Ports of Venice and Chioggia has been approved.
Stefano Messina has been confirmed as president of Assarmatori
Rome
He will also lead the shipowners' association in the four-year period 2026-2030
In 2025, Albanian ports handled a record traffic of 8.2 million tons of goods (+6.2%)
Tirana
A new peak in passengers also amounted to 1.7 million units (+6.4%)
WASS (Fincantieri) has been awarded a contract by Saudi Arabia for the supply of lightweight torpedoes
Trieste
The order is worth more than 200 million euros
Oxin (Somec) awarded a major order for the construction of kitchen, pantry, catering and bar areas for two cruise ships
San Vendemiano
The value of the order is 53 million euros
Sogedim launches a daily service between Carpi and Campogalliano/England
Carpi
Daily shuttle departing from the logistics hubs of Campogalliano, Carpi and Prato
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
Filt Cgil, meeting on the importance of Article 17 of Law 84/94
Rome
It will be held tomorrow in Rome at the Frentani Congress Center
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
››› Meetings File
PRESS REVIEW
Russian shipbuilding holding USC designing high ice-class container ship for Rosatom for Northern Sea Route
(Interfax)
Auction of megaterminal in Santos may be postponed due to deadlock within the Federal Government
(A Tribuna)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Danaos Corporation reports record quarterly and annual revenue.
Athens
Profits are falling
CPPIB and OMERS are considering selling their 67% stake in Associated British Ports.
London
Maersk orders eight 18,600 TEU dual-fuel containerships
Copenhagen
Built by New Times Shipbuilding Co., they will be delivered between 2029 and 2030.
PaxOcean opens new shipyard in Singapore
Singapore
It occupies an area of 17.3 hectares
The largest container ship ever arrived in the port of Trieste
Trieste
Port of call of the "MSC Diana" which has a capacity of approximately 19,000 TEUs
Antin Infrastructure Partners acquires U.S. shipbuilder Vigor Marine Group
New York
It has shipyards in Seattle, Portland, Vancouver, San Diego and Norfolk
In 2025, Moroccan ports handled a record traffic of 262.6 million tons of goods (+8.9%)
Rabat
Transhipment equal to 50.5% of the total
Yang Ming deploys first of five 15,500 TEU dual-fuel LNG vessels on Asia-Mediterranean route
Keelung
It will be used in the MD2 service
Study highlights challenges for LNG containerships in complying with future cold ironing connection requirements
Berlin/Hamburg
Fincantieri and Wsense reach agreement to offer cutting-edge underwater systems
Trieste
Co-development of advanced wireless technology solutions planned
Study finds high levels of persistent organic pollutants caused by shipbreaking activities
Brussels
Port of Livorno: tender for ship-generated waste management begins
Livorno
The expected value of the contract is over 40 million euros
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