Passenger Marine Transportation

The Italian antitrust watchdog investigates the MSC unit's acquisition of Moby

The Italian antitrust authority announced on Monday that it has opened an investigation regarding the acquisition of 49 percent of Italian ferry firm Moby by MSC Shipping Agencies Services. In a statement, the regulator stated that this deal could have affected routes for goods and passengers between Italy and larger islands, where only Moby, SAS' Grandi Navi Veloci, or at best a third group operate. The market is "highly consolidated" and has significant entry barriers. Moby operates ferries that connect the Italian mainland with tourist islands such as Sardinia or Corsica. The watchdog will also investigate a 243 million-euro (256

Passenger Transportation Services

Luxury yacht insurance coverage supplier OMAC is hull carrier for sunken luxury yacht in Sicily, sources state

China's senior tourists could be a silver lining for travel companies

Travel companies are betting that Chinese tourist could return to its prepandemic boom days if they modify tours to avoid high hikes, include nurses and healthcare professionals to their staff and deal discounts for the seniors they're targeting. As China's population quickly ages, and many in the middle-class face task unpredictability and a slowing economy, so-called silver tourist is on the increase, with more retirees, specifically in upscale seaside cities, venturing out in your home and abroad. A number of these seniors have accumulated considerable cost savings during 4 decades of eye-watering financial development, and they are more youthful than

Ground Transportation

Ship reports little arms fire off Eritrea, says Ambrey

Sources say that Iran's oil is now being exported to new countries.

According to data and shipping sources, Iran has sent small amounts of crude oil to destinations like Bangladesh and Oman. This is the latest indication that Tehran wants to maintain its output near to its highest level in five years. Iran's main revenue source is oil sales. The country has been trying to find ways to avoid U.S. sanctions imposed by former President Donald Trump in 2018 on Tehran's nuclear program. Iran is not subject to the output quotas of the Organization of Petroleum Exporting Countries. It is aiming at maximising production and exports. According to the semiofficial Mehr News

Passenger Marine Transportation

Yemen's Houthis claim first attack on shipping lanes in two weeks

Yemen's Iranaligned Houthi motion stated on Sunday that it targeted the MV Groton vessel in the Gulf of Aden, claiming its first attack on shipping lanes because Israel performed a vindictive airstrike in Hodeidah port on July 20. Houthi military spokesperson Yahya Saree stated in a televised declaration that the ship was attacked by ballistic rockets. British maritime company UKMTO and British security firm Ambrey stated on Saturday that the vessel was targeted by a. rocket 125 nautical miles east of Yemen's port of Aden. Both said the ship did not sustain damage and that no water. entry or oil

How Iranian oil link could complicate insurance claims after tankers clash off Singapore