Date: Friday, February 29, 2008

Re:	Italy Port Strike

A 48-hour strike has been announced in the Genova VTE terminal, which is a protest action following a recent fatal accident that occurred at the Genova Sech terminal.  This protest action will probably be extended to all Italian ports.

We do not have exact details of the scheduling of the strike yet, but we are expecting extensive repercussions on this terminal which is only now slowly returning to normality after more than a month of almost total standstill following software failures.