rss icon Subscribe
desktop mobile

Italy Police Search Shipbuilding Firms Linked to Fincantieri

File Image: Fincantieri

Italian finance police searched offices of several companies working for state-controlled shipbuilder Fincantieri, as part of an investigation into suspected corruption, fraud and worker exploitation, the prosecutor's office in Venice said on Wednesday.

The prosecutor added in a statement that 34 people were under investigation for alleged "systematic exploitation" of foreign workers - mainly from Bangladesh and Albania - in shipyards in the port city of Marghera, close to Venice, working on orders for Fincantieri.

The searches involved 19 different companies in seven different Italian regions and 12 Fincantieri managers, the statement said, without specifying whether the executives were under investigation.

Fincantieri was not immediately available for comment.

Reporting by Riccardo Bastianello

Nov 6, 2019

 

Legal

Gasum on an Acquisition Spree

Pic: Gasum

Finland-based integrated gas company Gasum takes steps forward in its growth strategy by acquiring

Hackers Demand $5M from Pemex

copyright Leo Lintang/AdobeStock

Hackers demanded about $5 million in bitcoin from Mexico's Pemex, they told Reuters on Tuesday

MPC Capital Buys Stake in Albis

Pic: Albis Shipping & Transport

German shipping asset manager MPC Capital has acquired a strategic stake of 50 percent in

Shipbuilding

Three New Damen FCS Patrol Vessels for SR Platforms

Photo: Damen

In one week Damen Shipyards Group has launched an FCS 3007 Patrol vessel and, in cooperation with

HII Cuts Steel on USCG Cutter Calhoun

Photo by Derek Fountain/HII

Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division started fabrication of

ALMACO Staterooms for Carnival Elation

Photo: ALMACO

After completing a new stateroom project onboard Carnival Elation during a dry dock in 2017 --

Maritime Apps