Fuel cost pull-out
03 Jul 2008
Italian ro-pax operator Grandi Navi Veloci has invoked an escape clause allowing it to pull out of plans to create a dedicated terminal at the French Port of Marseilles. The Port of Marseilles Authority said the operator had cited 'significant modifications' to its original business plan for a terminal to support large new ships on western Mediterranean services due to unprecedented rises in fuel costs and problems with fleet composition.





