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12 January 2025 - Year XXIX
Independent journal on economy and transport policy
12:15 GMT+1
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BRIEFS
January 27, 1998
Shipping Timesweb site
  • HK to pip S'pore as busiest port in 1997
    But HK forecasts a modest 7.5% growth for this year amid China competition
  • The brave New World Alliance of 3 companies
  • Dutch firm returns to shipping after more than 40 yrs
  • Port Giles, Adelaide may be redeveloped
  • Joint venture to operate, buy M'sian flag vessels

  • 'Mad fare disease' strikes India's west-bound flights
    Lufthansa joins the price war begun by BA, which has almost halved prices
  • Toyota's electric-gasoline car to be sold in US, Europe: report
  • UPS ties up with NZ partner Filway
  • Continental weighs merger bids from Delta, Northwest

Cargowebweb site
JANUARY 26, 1998
  • American-BA alliance approval expected
  • Accord on Swiss transit traffic
  • Severe criticism of accord with Switzerland
  • Considerable growth in Schiphol jobs
  • NYK close to deal with Mercedes Benz
  • Strike Belgian security guards continues

World Wide Shipperweb site
  • Panama Canal officials delay draft restrictions
  • Let the good times roll
  • Port of Everett leases sport complex property
  • Expansion of fishing fleet forces Port of Brookings Harbor upgrades

Cyber Shipping Guide - Ocean Commerceweb site
  • Shippers want abolition of conference rates exemption
  • Hyundai to launch direct run from Hakata to Europe
  • Grand Alliance choses MTL in Hong Kong
  • JCA to be resolved bu end March
  • CMA suffers aggravated losses in 1997
  • New service counter for FedEx in Ginza
  • SAS acquires Finland's domestic airline

Marine Linkweb site
JANUARY 26, 1998
  • Kvaerner Wins $390M Cruise Ship Order
  • France Delivers Final Frigate To Taiwan
  • Lazard Capital Names Shipping Research Head
  • Westmont Industries Sheds 85% Of Workforce

Lloyd's Listweb site
  • Brussels backing offshore structures disposal project
    RESPONSIBILITY for funding and supporting an initiative for the onshore disposal of offshore oil and gas platforms is to be taken on by the European Commission.
  • Liverpool dockers end bitter dispute
    ONE of the longest and most bitter industrial disputes in Britain's post-war history finally ended yesterday when Mersey Docks and Harbour Company settled its marathon dispute with 327 dockers sacked in September 1995.
  • DNV gains top market share in classifications
    NORWEGIAN classification society Det Norske Veritas classed 21% of all tonnage contracted worldwide last year and now classes more than 75m gt or 15% of the world fleet, said DNV president and chief executive Sven Ullring.
  • New Nauticus packages on the way
    DET Norsk Veritas is set to launch packages two and three of its Nauticus vessel information system this year.
  • BC fast ferry chief quits
    BRITISH Columbia's troubled fast ferry project, already more than a year behind schedule, has suffered another setback with the sudden departure of Scottish shipbuilder Andrew Hamilton, the man in charge of the project.
  • Panamax market feels the draught
    PANAMAX freight rates could move either way by the time the Panama Canal Commission introduces draught restrictions in March, shipbrokers said yesterday. However, by June, the situation might change again, especially if a 34 ft draught restriction was imposed.
  • Steam Packet says its job cuts will be industry trend
    ISLE of Man Steam Packet, which is seeking in the region of 50 redundancies - including a 50% cut in its 59 strong complement of officers - says the move is one that is likely to be repeated across the industry with the introduction of new technology.
  • Russian crime worries insurers
    RUSSIA'S persistent crime problem - with kidnapping the fastest-growing worry - will continue to present major headaches for insurers over the next few years, a report has made clear.

Fairplayweb site
JANUARY 26, 1998
  • Ecuador hits record banana exports
    A DOUBLING of banana exports to China, helped Ecuador, the world's largest exporter of the fruit, reach a record high in 1997.
  • Panama announces draught restrictions
    PANAMA Canal authorities have announced that starting in March, stringent restrictions will be placed on cargo moving through the canal.
  • New World Alliance makes its debut
    HYUNDAI Merchant Marine, Mitsui OSK and American President Lines are to operate as the "New World Alliance".
  • Argentine union forced to sell ships
    ARGENTINE union Navisupe, which negotiated to take over some of the vessels operated by state owned oil company YPF, has been forced to put its ships on the market to survive.
  • Nigerian slick reaches Lagos
    AN OIL slick caused by a pipeline leak at Qua Iboe, in eastern Nigeria, has drifted along the coast to offshore Lagos.
  • Costa order goes to Kværner Masa
    KVÆRNER Masa-Yards has reached agreement with Carnival Corp subsidiary Costa Crociere and Airtours for the construction of an 82,000 gt cruiseship.
  • Colombian strike hits coffee, sugar exports
    COLOMBIA'S principal truckdrivers' union has launched an indefinite, nationwide strike yesterday in an effort to win higher road freight charges.
  • Cruiseship lengthening operation is successful
    LLOYD Werft at Bremerhaven successfully carried out the operation to part the cruiseship Windward and insert a new 40 m-long midbody section over the weekend.
  • Sabah Shipyard sacks 700 workers
    SABAH Shipyard in Malaysia has terminated the employment of 703 workers because of 'severe financial and cashflow constraints.'
  • ANL 'sale by mid-1998'
    THE Australian government says it expects to complete the sale of state-owned shipping line ANL by the middle of 1998.
  • Nissos Amorgos master sentence due next month
    THE master of the Greek tanker that spilled 25,000 barrels of oil in Venezuela's Lake Maracaibo channel is due to be sentenced in early February.
  • NEL to order ropax ferry for islands route
    GREEK ferry operator NEL is to place an order for a 2,000 passenger ferry to its service between Piraeus and Chios/Lesvos.
  • New Norway-Sweden link planned
    NORWEGIAN businessman Jan Petter Rod is among principals planning a new ferry service to link Langesund in southern Norway and Gothenburg.
  • Plan to privatise Kotka
    A COMMITTEE set up by the council at the Finnish port city of Kotka recommends privatising the municipally-owned utility.
  • Chinese deny illegal ship arrest
    AUTHORITIES in the Chinese port of Shenzhen have rejected accusations that they had illegally detained a Bahamas-registered ship.
  • Essar reschedules debt with major loan deal
    ESSAR Shipping has signed the largest ever term loan deal in the Indian shipping industry.
  • India to provide big boost for ports
    INDIA'S surface transport ministry may invest in substantial extra cargo handling capacity in the major and minor ports by 2002.
  • US and Venezuela in drugs control pact
    THE US and Venezuela will sign a maritime co-operation agreement next month to enhance teamwork in the fight against narcotics trafficking.

antwerpse lloyd n.v.web site
  • La Belgique peut invoquer un droit de passage "historique" pour le Rhin d'Acier
    La signature, lundi dernier à Anvers, par Luc Meurrens, nouveau président de la CCI d'Anvers et Heribert Becker, de la CCI de Duisbourg, d'une résolution entre les deux chambres demandant la réactivation rapide de la liaison ferroviaire du Rhin d'Acier qui unit les deux ports, a permis à l'échevin du port d'Anvers Leo Delwaide de rappeler qu'en vertu des traités de 1839 et 1873, la Belgique possède un droit de passage à travers le Limbourg néerlandais en direction de la Ruhr. Ce droit de passage qui, à l'époque de la signature du premier traité, concernait une route ou une voie d'eau, a été concrétisé quelques années plus tard par le traité de 1873, appelé également traité du Rhin d'Acier qui fêtera l'an prochain son 120e anniversaire. Qui plus est, cet élément du droit international conforte la position de la Belgique, partisane du tracé "historique": elle se refuse de succomber aux sirènes néerlandaises qui proposent un tracé alternatif, dans le seul but, et l'on peut les comprendre, de retarder la remise en service de la liaison ferroviaire.
  • L'UE et la Suisse parviennent à un accord sur le transit routier
    La Commission européenne et la Suisse sont parvenues dans la nuit de vendredi à samedi à un accord sur le transit alpin de poids lourds en provenance de l'UE. La Suisse ouvrira progressivement ses routes aux poids lourds de l'EU jusqu'à 40 t (jusqu'à présent, la limite était fixée à 28 t) contre le paiement de 200 Ecu (325 CHF) par trajet à partir de 2005. L'accord implique en outre le maintien de l'interdiction de circuler entre 22h00 et 05h00.
  • Anvers: le traitement du conventionnel/breakbulk a fait l'objet d'un consensus
    Il y a quelque jours, l'ABAS, association professionnelle des opérateurs de terminaux portuaires anversois annonçait un nouveau régime pour ce qui est du traitement des marchandises sur les terminaux axés sur le conventionnel/breakbulk. Entre-temps, toutes les parties concernées ont mené une dernière discussion dont il est sorti un consensus, accepté à l'unanimité. Nous précisons ci-dessous les adaptations mineures qui sont intervenues au nouveau régime qui entrera en vigueur le 1er février prochain.
  • La France adopte une nouvelle loi sur les transports routiers
    La Commission Mixte composée de députés et de sénateurs vient d'adopter une loi supplémentaire régissant les transports routiers en France. Les retombées de ce texte peuvent être analysées sous trois angles: les spécificités françaises par rapport à la réglementation communautaire; les clivages au sein des milieux routiers français et les relations chargeurs/transporteurs, c'est-à-dire clients/fournisseurs. Le propos ci-après se limite au premier point.

The Journal of Commerceweb site
  • US airlines await Japanese accord
  • Switzerland, EU reach tentative truck agreement
  • Contship to boost service linking US and Australia
  • Transport index ekes out gain; Dow slips
  • Liverpool dockers end dispute
  • Shippers to meet again on rail delays
  • New York senators slam rail carve-up
  • Rails resolve some customer-access issues
  • Court upholds policy allowing old tankers in coastal trade
  • 4 bar Amtrak from using freight cars
  • Grand Alliance to switch box handlers in Hong Kong
  • Upstart Rhode Island facility is challenging the long-held domination by New York-New Jersey

Daily Commercial Newsweb site
  • Maersk makes its move
    THE world’s largest container line, Maersk, has announced a long-anticipated escalation of its Australian services which is certain to impact on existing carriers in a number of key trades.
    From early March the Danish giant will introduce a dual-string Singapore-East Coast Australia service which, like the company’s very successful Singapore-NZ service begun only last year, is primarily targeted at Europe.
  • Sofrana replaces Coral Sea to PNG
    Australia’s shipping services with Papua New Guinea are changing substantially as a result of a decision by Coral Sea Shipping Lines Pty Ltd to withdraw from a leg of its service, and the decision by Sofrana Unilines to fill the gap.
  • Further talks on PWCS situation
    The Australian Industrial Relations Commission has urged further talks between the Maritime Union of Australia and Port Waratah Coal Services.
    Since last week the union’s members have been engaged in a wide range of "protected industrial action" which if it continues, will have a serious effect on the backlog of bulk carrier waiting of coal off the port of Newcastle.
  • Alliance chooses New World
    APL, Hyundai Merchant Marine and Mitsui OSK lines have announced that their new world-wide agreements to coordinate vessels and terminals and share vessel space will operate under the name "New World Alliance."
    The alliance will provide competitive market coverage, sailing frequencies and transit times in all major East-West container trades, through the coordination of some 100 containerships globally.
  • TDG’s measured optimism
    Logistics, storage and warehousing company TDG Logistics limited, which was listed on the Australian Stock Exchange in October, said on Friday it was looking forward to 1998 with "measured optimism."
    Shareholders were told at the company’s AGM that 1997-98 had started will for the NSW-based company and that it should meet prospectus forecast, which predicted revenue of $70.5 million in 1998 and adjusted earnings before interest and tax of $7.2 million.

›››File
FROM THE HOME PAGE
MSC presents a new request for the management of cruise traffic in Ancona which includes the construction of a maritime station
Ancona
The duration of the proposed concession is 35 years.
In 2024, the growth of general cargo in the port of La Spezia more than offset the decline in bulk cargo
The Spice
In the port of Marina di Carrara the annual traffic decreased by -0.4%
Proposal by 47 governments, the EU Commission and ICS for the creation of an IMO fund for the decarbonisation of shipping
London
It could come into force in early 2027
Strikes averted at US East Coast and Gulf ports
North Bergen/Lyndhurst
Preliminary agreement signed by the International Longshoremen's Association and the United States Maritime Alliance
New annual record for vessel transit through the Straits of Malacca and Singapore
Port Klang
In 2024, traffic was 94,301 ships (+5.5%)
Filt, Fit and Uilt have called a strike for tomorrow by the workers of the Central Tyrrhenian Sea Port Authority
MSC, together with Neri and Lorenzini, presents an expression of interest for the Darsena Europa in Livorno
Leghorn
Warriors: in the next few days we will meet the group to talk in detail about the project
Corsica Ferries sells Elba Ferries to BN di Navigazione
I go to Liguria
The fast ferry "Corsica Express Three" has been chartered to the Blu Navy company
In 2024, Ukrainian ports handled a record 97.2 million tons of cargo.
Odessa
Agricultural products alone amounted to 60 million tons
COSCO, we are not a Chinese Military Company
Beijing
The Chinese company has specified that the inclusion in the US list will have no impact on the group's global activities and operations.
In 2024, freight traffic in the port of Ravenna was stable
Ravenna
Cruises down -17.7% compared to 2023
US List of Companies Doing Business for Chinese Military Includes Shipping and Shipbuilding Companies
Last November, ship traffic in the Suez Canal decreased by -55.9%
Cairo
In the first eleven months of 2024 the decline was -49.8%
With over 3.9 million TEUs, in 2024 the port of Gioia Tauro set a new record for container traffic
Joy Taurus
Decrease in cars handled at the Calabrian airport
Assonat and Assiterminal, the cancellation of the measure to increase the fees for maritime state concessions is a good thing
Rome
Serra: the TAR ruling reaffirms the importance of dialogue between public administration and users
The duration of the Agencies for the provision of work in ports and for professional requalification has been extended by 18 months
Rome
Port State Control Inspections Begin on Eagle S
Helsinki/Brussels
NATO decides to increase the Atlantic alliance's military presence in the Baltic Sea
In 2024, Tanjung Pelepas Port recorded a new all-time record in container throughput
Iskandar Puteri
Over 12.2 million TEUs were handled (+16.9%)
Works worth over 57 million euros for the energy infrastructure in the port of La Spezia
The Spice
Electrification of the New Cruise Pier and new hydrogen generators
Assologistica, the new rules on reverse charge discipline in the Budget Law are good
Milan
Rapid issuance of the implementing provision by the Revenue Agency is hoped for
The electrification of the docks of the ports of Sardinia starts from Portovesme
Cagliari
Almost 52 million euros of works planned
Arkas Line ships to reach India
Izmir
Turkish company to merge three services in the Mediterranean
Two lanes of ship transit tested in a 10km section of the Suez Canal
Ismailia
They are located in the area of the Little Bitter Lake
Suez Canal Transit Decline Costs Egypt Seven Billion Dollars
Cairo
In 2024, naval traffic decreased by more than -60%
Port of Valencia, monthly traffic down after over a year of growth
Valencia
Decrease in volumes in all main product sectors
Underwater cables damaged in the Gulf of Finland at Christmas
Helsinki
Oil tanker "Eagle S" stopped, part of shadow fleet operating for Russia
Cargo traffic at Chinese seaports increased by +3.2% in November
Beijing
Foreign goods increased by +6.1%. Containers increased by +4.9%.
TIL (MSC Group) - JNPA Agreement for the Construction of Vadhvan Port
Uran
The new airport is located on the western coast of India
Shanghai is the world's first port to handle over 50 million containers in a year
Shanghai
SIPG highlights strong productivity gains achieved by introducing automation boost in Yangshan area
Yang Ming to acquire up to 13 new 8,000-15,000 TEU containerships
Keelung
They will replace 5,500-6,500 TEU vessels that are over twenty years old
Eight amendments to the International Maritime Labour Convention enter into force today
Geneva
Changes introduced to improve living and working conditions on board ships
Carnival posts record performance for September-November quarter
Miami
Revenues increased by +10.0% in the period
Uniport appreciates that the port reform is taking place through a delegated law and trusts (!) in the government's willingness to open a dialogue with the operators
Rome
Søren Toft (MSC) is the new president of the World Shipping Council
Washington
Vice President is Randy Chen of Wan Hai Lines
"SHIPS for America Act" Introduced, Bipartisan Bill to Strengthen U.S. Shipping Industry
Washington
Among the proposals, carrying up to 10 percent of imports from China on U.S.-flagged, U.S.-crewed, U.S.-built ships
In the last quarter of 2024, OOCL revenues grew by +55.0%
Hong Kong
Containers transported by the fleet increased by +6.1%
Medlog signs partnership agreement to build dry port and logistics area in Egypt
Cairo
The affected area is approximately 102 hectares
Filt Cgil urges to throw away the Antitrust Authority's proposal on port work
Rome
D'Alessio: the AGCM has not at all analyzed the real dangers for the integrity of the principle of competition
Strong annual revenue growth for Evergreen, Yang Ming and WHL companies
Taipei/Keelung
Revenue growth also accentuated in the fourth quarter of 2024 alone
Industrial reconversion works to begin soon at the "ex Yard Belleli" site in the port of Taranto
Taranto
The intervention has a value of 135.3 million euros
The Northern Tyrrhenian Sea is the first AdSP to equip itself with the Anti-Violence Strategic Plan
Leghorn
The aim is to prevent discriminatory and violent phenomena within the institution.
Greek Navarino Acquires Dutch Castor Marine
London
Both companies develop information technology and communication solutions for the maritime sector
The annual assembly of Federlogistica will be held in Rome on January 21st
Rome
The theme is: "Intelligent Logistics. If Artificial Intelligence Breaks Into the World of Logistics"
Trade mission in Vietnam by Spediporto, AdSP and Municipality of Genoa
Genoa
Meetings scheduled in Ho Chi Minh City and Danang
In 2024 Interporto Padova recorded a record intermodal traffic of almost 412 thousand TEU (+6.5%)
Padua
Commander Emanuele Bergamini is the new president of USCLAC
Genoa
Gianni Badino was elected president of the USCLAC-UNCDiM-SMACD unitary union
Tender for the development of cruise activities in the Greek ports of Katakolon, Patras and Kavala
Athens
The issuing of concessions with a minimum duration of 30 years is foreseen
The electrification of four moorings in the ports of Bari and Brindisi has begun
Bari
Contract worth over 28 million euros
Circle has been awarded the tender for the digitalisation services of the Eastern Adriatic Port Authority
Milan
Roberto Spinelli's position in the corruption investigation in Liguria has been archived
Genoa
Order of the judge for preliminary investigations
Work has begun in the port of Pozzallo on the construction of the new offices of the AdSP of Eastern Sicily
Pozzallo
Place the port of Imperia Oneglia under the management of the Western Ligurian Sea Port Authority
Imperia
This is requested by the Port Company "L. Maresca" and the Lodovico Maresca Port Workers Company
Interporto Padova looking for a potential partner to participate in the terminal activity
Padua
The market research will end on January 31st
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
New logistics company GTS Horizon established in Verona
Bari
It was founded by the GTS group and Simone Gatto De Chirico (De Chirico Srl)
In the third quarter, freight transported on Austrian railways increased by +1.8%
Vienna
In the first nine months of 2024 the increase was +1.7%
Uiltrasporti, the reverse change of VAT in the budget law is good
Rome
Verzari: we hope that this measure will be made structural in the future
Circle acquires Telepass Innova's Infomobility and Telematics business units
Milan
The value of the transaction is 6.2 million euros
Tender for construction of Albanian port of Porto Romano restarted
Durres
The deadline for submitting bids has been set for February 7th.
Eukor secures renewal of contracts for exporting cars from Korea and China
Lysaker
The expected value of the agreements is $4.2 billion.
PSA Singapore Sets New Annual Container Traffic Record
Singapore
The 40 million TEU mark was reached on December 24th
US-based FTV Capital makes offer to acquire Windward
London
London-based company develops technological solutions for shipping
American Halliburton buys Norwegian Optime Subsea
Noted
European company develops technologies for underwater operations
Grimaldi took delivery of the multipurpose ro-ro Great Cotonou
Naples
Next month it will be launched on a new service of the group between China and Nigeria
Federagenti has appointed 24 "ambassadors"
Rome
They have been protagonists in the profession of maritime agent for over 60 years
Ports of La Spezia and Marina di Carrara, over five million allocated for the green transition
The Spice
Funds for the purchase of electric or hydrogen vehicles
In November, freight traffic in the ports of Genoa and Savona-Vado increased by +4.3%
Genoa
In the first eleven months of 2024, an increase of +1.1% was recorded
In the first 11 months of 2024, traffic in the port of Trieste grew by +6.4% thanks to mineral oils
Trieste
A decrease of -8.2% was recorded in the port of Monfalcone
Over two and a half quintals of cocaine seized in the port of Genoa
Genoa
The drugs were inside a refrigerated container coming from Ecuador
Manca (Sardinia Region): Promises of allocation of resources for the Kalport agency not fulfilled
Cagliari
Urgent meeting requested with Minister of Labor
Increases in port fees in the ports of Bari and Brindisi
Bari
Leone: we are committed to adopting measures that do not impact traffic and users
Large quantity of cocaine seized in the port of Olbia
Sassari
39 kilos of drugs discovered hidden in a minivan
From January Hupac will intensify intermodal connections between Belgium and Italy
Noise
The frequency of the shuttle train between Busto Arsizio and Padua will also increase
Port of Ancona, provisional concession granted to Fincantieri plant
Ancona
The new concession will last 40 years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The annual assembly of Federlogistica will be held in Rome on January 21st
Rome
The theme is: "Intelligent Logistics. If Artificial Intelligence Breaks Into the World of Logistics"
A conference on the implications of geopolitical crises for ports and maritime transport in Venice on Thursday
Venice
It is organized by Ca' Foscari University and the AdSP of the Northern Adriatic
››› Meetings File
PRESS REVIEW
Iran signs over $1.8b investment contracts with private sector for ports development
(Tehran Times)
North Korean tankers transport over one million barrels of oil from Russia
(NK News)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
In November, freight traffic in the port of Barcelona fell by -3.7%
Barcelona
Container handling is growing (+6.3%), but not the weight of containerized cargo (-6.9%)
Saipem awarded new offshore contract by Shell in Nigeria
Milan
For the Italian company it has a value of around 900 million dollars
Rixi briefly illustrates the port reform
Rome
Creation of a publicly controlled company to manage investments and represent the Italian port system
Agreement between RFI and RSE for the study of a magnetic levitation freight transport system
Milan
Maritime safety, agreement signed at MIT to simplify verification procedures
Rome
Inspection and certification activities may be carried out by specifically accredited bodies
In the first eleven months of 2024, cargo traffic in Russian ports decreased by -2.0%
St. Petersburg
Both dry goods (-2.1%) and liquid bulk (-2.0%) are decreasing
Log In acquires 19,600 square meters of space at Interporto Toscano Amerigo Vespucci
Kansas City
It is the fourth acquisition in Italy of the Theoreim group company
Prysmian wins two EPCI contracts from French RTE, potentially worth €700 million
Milan
The laying of approximately 640 kilometers of land and underwater cables is planned
Testing of an autonomous port tractor in the port of Wilhelmshaven
Wilhelmshaven
It will be launched next year by Eurogate, MAFI, ICT Group and Embotech
Intesa Fincantieri - Sparkle for the protection and surveillance of submarine cables
Trieste
The two companies will analyze the requirements to improve the security of the infrastructure
Barcelona terminal operator BEST has ordered two new super post-Panamax quay cranes
Barcelona/The Hague
APM Terminals announces completion of work to increase capacity at MedPort Tangier terminal
Wärstilä sells Automation, Navigation and Control System to Swedish investment company Solix
Helsinki
In 2023 ANCS recorded revenues of 200 million euros
Cisl, speed up the choice of the president of the Port System Authority of the Eastern Ligurian Sea
The Spice
Necessary to implement works and investments
Works awarded for the expansion of the container terminal in the port of Koper
Coper
The works will be completed by the end of 2027
Container traffic in the port of Hong Kong fell by -4.2% last month
Hong Kong
In the first eleven months of 2024 the decline was -5.0%
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