Naples welcomes shipping industry

In opening the Shipping and the Law conference in Naples, Italy, a regional minister has stressed local efforts to attract maritime investment.
Amedeo Lepore, minister for manufacturing and commerce for the Campania region, inaugurated the conference today (15 October).
Campania is working to

Hapag slashes IPO target

Container line Hapag-Lloyd has scaled back its initial public offering (IPO) on the German stock exchange amid bleak market sentiment.
The world’s fifth-largest container carrier now aims to generate about USD300 million in its IPO until 30 October, down from an earlier goal of about USD500