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Americas
Nova Marine Carrier teams up with Navesco in the dry bulk business
Lugano-based Nova Marine Carrier and Bogotà-based Navesco have announced the launch of a new joint venture called Nova-Navesco that will…
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Europe
Italian rules on short sea shipping and ports are changing
The Italian government led by the prime minister Matteo Renzi is shaking up the national law on ports and ships.…
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Asia
Gestion Maritime sells its oldest bulker
Monaco-based Gestion Maritime has sold the eldest bulk carrier in its fleet. According to some information coming from broker sources,…
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Europe
Industrial espionage row erupts in the Mediterranean container transhipment market
Container transhipment business in the Mediterranean region is upset by a spy story emerging in the port of Gioia Tauro…
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Containers
MSC under fire over state aid allegations
A few weeks after the European Commission opened an in-depth investigation questioning whether the Italian government propped up Italian shipyard…
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Greater China
Yangfan Shipbuilding on edge as financial troubles heighten
Despite a recent attempt made with the local government to help it overcome cash flow problems, Yangfan Shipbuilding Group’s financial…
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Europe
D’Alesio completes restructuring
Leghorn-based D’Alesio group has successfully completed its debt restructuring process with the banks under Italy’s article 67 of the bankruptcy…
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Containers
Vessel’s master involved in cocaine smuggling
Some 83kg of cocaine have been found inside a container onboard the 5,050 teu MSC-owned containership , which has been arrested at…
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Europe
Lockton says it’s in the driving seat with PL Ferrari takeover
US-headquartered Lockton, the world’s largest privately owned global insurance broker, addressed many P&I club representatives in Genoa today, revealing plans…
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Europe
Mercury Shipbrokers falls into liquidation
Mercury Shipbrokers, one of the most important shipping firms based in Genoa and active in the field of sale and…
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Europe
MSC looking at a new repair yard in Gioia Tauro
The world’s number two container carrier Mediterranean Shipping Company (MSC) will heavily invest in southern Italy in the coming years…
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Europe
Pillarstone officially lands Premuda
Pillarstone Italy, a turnaround fund created by private equity giant KKR, is now officially the largest creditor of Genoa-based shipping…
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Greater China
Fincantieri and China State Shipbuilding Corporation form cruise venture
Italian shipbuilder Fincantieri is forming a joint venture aimed at developing and supporting the growth of the Chinese cruise industry…
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Europe
New $554m credit facility for Italy’s Saipem
Saipem has subscribed a new credit facility for up to €554m ($615m) which will be used for the financing or…
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Dry Cargo
Riva family does SNUG deal with Oldendorff
Italy’s Riva family has sold off its shipping arm Società Navali Unite Genova (SNUG) to German company Oldendorff Carriers. Sources…
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Dry Cargo
Premuda to become a shipping platform taking on distressed assets
The future of the Genoa-based shipping company Premuda has become clearer after the turnaround fund Pillarstone Italy (lead by the…
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Containers
Messina hits out at unfair competition brought about by state aid
In Italy it’s harder to work in shipping because of the rigid government policy on state aid, which is not…
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Europe
Fincantieri and Rosneft form joint venture
A joint venture has been signed between Fincantieri and Rosneft for the design of a new type of vessel to…
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Dry Cargo
Carisbrooke Shipping teams up with Nova Marine Carriers
Two well know names of the dry bulk shipping industry have decided to join forces and set up a new…
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Dry Cargo
D’Amico Dry to offload another elderly panamax
Italian shipping company d’Amico Dry has started its strategy of dismissing aged dry bulk tonnage while taking delivery of newbuildings.…
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