Navios to buy five ships

Towards the end of May, MSC and Genoa-based bank Banca Carige signed a preliminary agreement to set the main terms and conditions for debt restructuring of Ignazio Messina Group. Under the deal, MSC will take a 49% share in the Genoa-based shipping company and terminal operator, as already anticipated in an agreement signed in February 2017.

Oil and ores, two of the main pillars of the heavy lift and project cargo markets, are reeling under the impact of falling prices