Latest News for: Euro ship

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Spanish police seize cocaine worth $114 million from cattle ship

FX Empire 28 Jan 2023
MADRID (Reuters) – Spanish police seized 4.5 tonnes of cocaine with an estimated street value of 105 million euros ($114 million) after raiding a cattle ship off the Canary Islands earlier this week, a statement said on Saturday. The ship had stopped at ports ... ($1 = 0.9202 euros).
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After a steady first 100 days, choppier waters await Giorgia Meloni

Economist 26 Jan 2023
Few governments approach the end of their first 100 days in such good shape as Giorgia Meloni’s right-wing coalition ... It is thus in the interests of the government to avoid spats with Brussels or its EU partners until the last euro has been disbursed. The government initially tried to block ships bringing rescued migrants to Italian ports ... ■ .
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Reuters 25 Jan 2023
NGOs bear brunt of new rightist government's policiesItaly PM says NGO ships act as "ferry boats" for migrantsNGOs risk financial penalties and impounding of ships ... Last month, the SOS Mediterranee NGO appealed for donations, saying fuel charges for its Ocean Viking rescue ship had increased by over 1 million euros during 2022.
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“Go further north!” Italy exasperates migrant rescue boats

FX Empire 25 Jan 2023
La Spezia is the furthest and northernmost destination that Italy has assigned to an NGO ship ... Last month, the SOS Mediterranee NGO appealed for donations, saying fuel charges for its Ocean Viking rescue ship had increased by over 1 million euros during 2022 ... ($1 = 0.9181 euros).
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Call to remove partially-sunk ship in Dublin dock

RTE 25 Jan 2023
There have been calls for the immediate removal of a ship which has partially sunk at the Grand Canal Basin in Dublin ... In 2015, it was bought by Sam Field-Corbett of Irish Ship and Bare Fabrication for a single euro, with the intention of turning it into a luxury hotel ... The ship is situated on lands leased by NAMA.
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ASML forecast beats estimates on robust demand

Taipei Times 25 Jan 2023
Europe’s largest semiconductor equipment producer yesterday projected sales of 6.1 billion euros to 6.5 billion euros (US$6.6 billion to US$7.1 billion) this quarter, beating the average analyst estimate of 6.07 billion euros ... Net income was 1.8 billion euros, edging out an analyst estimate of 1.68 billion euros.
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Construction Milestone for First Hydrogen-Powered Inland Cargo Ship

The Maritime Executive 25 Jan 2023
Construction of the first inland cargo ship that will operate entirely on hydrogen marked a key milestone in the demonstration project that expects to place the ship in service later this year ... The goal is to use this vessel to contribute to the transition to fossil-fuel-free inland shipping.
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T&E: FAQ on e-fuel mandate for ships

SAFETY4SEA 24 Jan 2023
A recent study by Transport & Environment assessed that the price increase for shipping a single standard container (TEU) from China to Belgium would have negligible costs both for companies and for consumers, in the order of fewer than 8 cents of euro on the price of a pair of ...
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Construction Contract for First Sail Ro-Ro Neoliner is Completed

The Maritime Executive 19 Jan 2023
The construction contract for the world’s first, large wind-powered modern commercial cargo ship has gone effective marking a key milestone in a project launched more than a decade ago ... Neoline reports the construction budget is more than €60 million ... shipping.
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Lufthansa offers Alitalia heir last chance to fly

Reuters 18 Jan 2023
But Italian media and sources familiar with the situation have said the Germans could inject 300 million euros for a 40% stake. That would value ITA at 750 million euros, much less than the lofty 1.2 billion euro valuation that shipping giant MSC, a former Lufthansa ally, was prepared to pay a year ago.
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Naturally, a Porsche-inspired gaming chair would be priced like a sports car

TechRadar 18 Jan 2023
Gaming chairs are famously lacking in ergonomics as manufacturers tend to prefer a flashy look over comfort ... Availability ... It’s shipping date is set for March 15 ... That chair will run you 1,249 Euros (around $1350 USD). We reached out to Porsche for clarification if this is exclusive to the United State or if will it ship globally ... .
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NGOs lament ‘human cost’ of Italy’s push to curb refugee arrivals

Al Jazeera 17 Jan 2023
According to the legislation, if ship captains do not comply, they risk a fine of 50,000 euros ($54,000) – a significant amount for these charity-run NGOs – and having their vessels impounded ... It is our duty, as is the duty of every ship, to rescue people in distress at sea.” ... Since mid-2018, Sea-Watch’s ships have been blocked 10 times.
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Cracked covert app exposes Europe’s drug gangs

Taipei Times 16 Jan 2023
Snoeck described “a previously completely unheard-of level of violence” and cited the discovery of shipping containers equipped as torture chambers in the Netherlands. “For a few thousand euros, for a contract that wasn’t fulfilled, they murder without hesitation — sometimes after ...
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Lufthansa seen as ready to bid for ITA Airways stake, sources say

Reuters 13 Jan 2023
Industry sources estimate the worth of ITA, which last year posted an operating loss of 170 million euros ($183.62 million), at around 500 million euros. One of the sources, who declined to be named, said Lufthansa could initially acquire a 40% stake through a capital increase worth between 300 million and 350 million euros.

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