Port operator hit by declining volumes of cement and marble in the first half of the year

P&O Cruises has pulled its Bermuda-flag cruiseship Oceana from a scheduled winter itinerary in Dubai and the Gulf, citing advice from unnamed external authorities in the light of developments in the Strait of Hormuz

The lion’s share of the proceeds from a bond sale by the largest ferry owner and operator in Greece, Attica Group, is earmarked for refinancing debt at a reduced cost

Attica’s board agree the issue of paper for a secured loan of €125m ($141m) as a minimum amount, and up to €175m through a public offering

‘This work needs to be completed quickly, as it will shape what freight capacity the Department for Transport may need to procure and for what length of time,’ says the UK Public Accounts Committee

Dispute will include ferries operating between Greece and Italy as well as services to the islands. Towage and salvage tug crews will also take part