John A. Xylas, president and CEO of the Greek company Ariston Navigation, Corp., will be the new president of the International Association of Dry Cargo Shipowners (Intercargo), the international association representing shipowners active in the Dry bulk shipping segment and to which it belongs about a third of the world's bulk carrier fleet. Elected by the assembly of the association that met in recent days in London, Xylas will take office on January 1 succeeding Dimitrios Fafalios who chaired Intercargo in the last six years and was appointed honorary president of the association.

On December 31, the term of office of the deputy will also expire president Spyros Tarasis who will be replaced by Metaxia Psalti, managing director of Greece's Neda Maritime Agency Co. Psalti, who will be the first woman to hold this position associative association, will be joined in the position by Uttam Kumar Jaiswal of the Pacific Basin Shipping (HK) of Hong Kong which is was confirmed as vice president.