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05 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
September 25, 2001
Shipping Timesweb site
Shipping News
  • Port of New York to go ahead with US$9.5b capital plan
    THE Port Authority of New York and New Jersey has vowed to carry on with its five-year US$9.5 billion capital investment plan but will conduct an extensive review of it in the wake of the World Trade Center attack.
  • Encourage seafarers to upgrade by means of IT, union urged
  • Taiwan navy saves S'pore ship crew
  • Xiamen faces oil spill threat after collision
Air and Land Transport
  • Asian airlines scramble for insurance cover from govts
    CATHAY Pacific Airways Ltd, Philippine Airlines and other Asian carriers are scrambling to get backing from governments after insurers imposed a cap on damage caused by jets brought down by acts of war.
  • MAS may axe jobs, unveil fresh turnaround plans
  • Swissair to cut jobs, reduce fleet and raise funds
  • Philippine Airlines may cancel some flights due to premium hike
  • Ryanair offers 9.99 fares
Features
  • Crisis looms following Supreme Court ruling
    THE Philippines' shiprepair and shipbuilding industry faces massive divestment from foreign investors following a recent Supreme Court ruling classifying shipyards as public utilities.

Shipping Timesweb site
Shipping News
  • Port of New York to go ahead with US$9.5b capital plan
    THE Port Authority of New York and New Jersey has vowed to carry on with its five-year US$9.5 billion capital investment plan but will conduct an extensive review of it in the wake of the World Trade Center attack.
  • Encourage seafarers to upgrade by means of IT, union urged
  • Taiwan navy saves S'pore ship crew
  • Xiamen faces oil spill threat after collision
Air and Land Transport
  • Asian airlines scramble for insurance cover from govts
    CATHAY Pacific Airways Ltd, Philippine Airlines and other Asian carriers are scrambling to get backing from governments after insurers imposed a cap on damage caused by jets brought down by acts of war.
  • MAS may axe jobs, unveil fresh turnaround plans
  • Swissair to cut jobs, reduce fleet and raise funds
  • Philippine Airlines may cancel some flights due to premium hike
  • Ryanair offers 9.99 fares
Features
  • Crisis looms following Supreme Court ruling
    THE Philippines' shiprepair and shipbuilding industry faces massive divestment from foreign investors following a recent Supreme Court ruling classifying shipyards as public utilities.

Shipping Timesweb site
Shipping News
  • Port of New York to go ahead with US$9.5b capital plan
    THE Port Authority of New York and New Jersey has vowed to carry on with its five-year US$9.5 billion capital investment plan but will conduct an extensive review of it in the wake of the World Trade Center attack.
  • Encourage seafarers to upgrade by means of IT, union urged
  • Taiwan navy saves S'pore ship crew
  • Xiamen faces oil spill threat after collision
Air and Land Transport
  • Asian airlines scramble for insurance cover from govts
    CATHAY Pacific Airways Ltd, Philippine Airlines and other Asian carriers are scrambling to get backing from governments after insurers imposed a cap on damage caused by jets brought down by acts of war.
  • MAS may axe jobs, unveil fresh turnaround plans
  • Swissair to cut jobs, reduce fleet and raise funds
  • Philippine Airlines may cancel some flights due to premium hike
  • Ryanair offers 9.99 fares
Features
  • Crisis looms following Supreme Court ruling
    THE Philippines' shiprepair and shipbuilding industry faces massive divestment from foreign investors following a recent Supreme Court ruling classifying shipyards as public utilities.

Sched Netweb site
  • Three new vessels added to Cosco's Green Express
  • UK, Hong Kong shipowners avoid double tax
  • Warsaw logistics centre for Schenker
  • Calcutta defies Tariff Authority
  • Danzas expands Panama operations
  • FAA to rule with Steele hand?
  • China to boost the use of regional jets
  • FedEx cagey on future

Cargowebweb site
SEPTEMBER 24, 2001
  • 'Airlines abuse US attacks'
  • Air New Zealand 38 per cent cheaper
  • EU agreement on (insurance) state aid
  • Airlines urging mergers
  • ITF action time
  • 10,000 out at Northwest
  • Geest acquires Contship Overland operation

Exim Indiaweb site
  • ANL Container Line launches South & West Africa service to/from India - Indian boxes to be connected via Colombo
  • US attacks fail to take shine off gems show
  • Withdraw anti-dumping probe into polyester fibre: ICMF
  • Korea, Bangladesh still top importers of Indian cotton yarn
  • Value cap deprives drug exporters of Rs 100 cr. DEPB credit
  • CoPT seeks export unit status for bunkering terminal project
  • Give TAMP more powers: Assocham
  • Concor restores normal operations at ICD-Sabarmati
  • Concor will soon provide total logistics solutions - Kohli
  • Forex reserves up by $ 7 million to $ 45,365 million
  • Ascon study confirms sluggish trend in industrial growth, exports
  • Exporters still hoping for the best
  • G'nut extractions sector refocusing on domestic market again
  • McKinsey report outlines strategy to shore up coffee sector
  • NHAI Board clears Rs 55-cr highway project
  • Tatas to dilute stake in JV with NYK
  • Jaipur-Kishangarh highway project cleared
  • MoU signed for gherkins AEZ in Karnataka
  • Maharashtra to encourage wine parks
  • Export credit finance rate cut by 1 pc more - RBI makes exporters happy
  • In line with expectations, says Fieo chief

The Bunker Bulletinweb site
SEPTEMBER 24, 2001
  • Rotterdam prices drop by $5-6 from morning levels
  • Demand vanishes in South Europe as crude drops
  • Fujairah/Asian bunkers confirmed down by $5-8 as cargo prices dive
  • Crude price in free-fall as economic woes build
  • Bunker prices plunge in Singapore and Korea
  • New supplier/broker listing in India
  • Crude oil opens weak again after 5 straight days of losses

World Wide Shipperweb site
SEPTEMBER 24, 2001
  • Boeing makes peace with shareholders by settling lawsuit for $92.5 million
  • Brazilian shipping company sells six ships for $53 million
  • APL and its logistics arm makes big jump on magazine ranking
  • President works with Congress to pass act to assist airlines
  • Agreement keeps construction of U.S. cruise ships on target

Lloyd's Listweb site
  • High war risk levy 'may sink owners'
    A MAJOR European shipowner warned the London insurance market yesterday that unjustifiably high war risk surcharges could harm large portions of world trade and destroy shipping companies already s...
  • Rig cash breathing space for Kvaerner
    CRISIS-HIT Anglo-Norwegian group Kvaerner gained crucial breathing space yesterday in its battle to stay solvent. Kvaerner said the previously agreed delivery of the Stena Don rig from Kvae...
  • Frontline in equity swap with Bank of Nova Scotia
    JOHN Fredriksen's Frontline has entered a complex equity deal with The Bank of Nova Scotia which could help to underpin the tanker company's ailing share price. The facility is...

Fairplayweb site
SEPTEMBER 24, 2001
  • Transport Canada and GL sign deal
  • Senate 'fast tracks' port security
  • Elcano launches Brazil subsidiary
  • Fesacon follows IMRA's lead
  • Schubert to head MarAd
  • Jordan exports hit by surcharge
  • India's NSB is reconstituted
  • Rig delivery will ease Kværner pain
  • DFDS ponders port change
  • Philippines, US sign waste accord
  • Intertanko wants 'war risk' pow-wow
  • Hamburg port policy set for change
  • Cyprus tonnage tax 'satisfies' EU
  • MDD seeks subsidy resumption
  • Heuer plans HHLA fruit take-over
  • Greek tanker catches fire
  • War risk hits Pakistan hardest
  • P&O gets Chennai go-ahead
  • Schröder raises CGT limits with EC
  • Thai ship owners brace themselves
  • Santos tariffs set to rise
  • Copper demand falls in 2001
  • Tugz challenges Canaveral monopoly
  • Sombre start to Maritime Cyprus
  • ITF targets Europe

The Journal of Commerceweb site
SEPTEMBER 24, 2001
  • FedEx sets stock buyback
    Following a similar move by UPS, the express provider will repurchase up to 5 million shares of its common stock.
  • Airline bailout includes insurance
    The government will provide interim war-risk insurance to U.S. airlines as part of a sweeping aid package.
  • Northwest hikes cargo charges
    The airline has raised its minimum domestic waybill charge, and eliminated forwarders' commissions.
  • Expanded Maine intermodal hub re-opens
  • UP, NS offer guaranteed LA-Atlanta intermodal
  • WTC Port Community Fund established
  • Bonner sworn in as Customs Commissioner
  • ITF plans global port protest
  • Hapag-Lloyd makes relief donation
  • Log-Net wins retail contract
  • Swissair cuts 3,000 jobs
  • Lenders OK CP Ships spin-off
  • Mariners, unions pledge relief support

Antwerpse Lloyd n.v.web site
  • Les ports de l’UE pourraient connaître quelques perturbations ce mardi
    C’est le 10 ooctobre prochain que doit avoir lieu au sein de la commission Transport du parlement européen un vote sur le projet de directive sur les services portuaires. En fait, il s’agit pour ladite commission de remettre un avis qui sera alors soumis pour appréciation à la réunion plénière du parlement, ce qui devrait intervenir en novembre. A son tour le parlement formulera un avis à soumettre au conseil des ministres, ce qui devrait se situer début 2002 alors que l’UE sera sous présidence espagnole. Le processus prévoit également une deuxième lecture au parlement suivi d’un avis au Conseil des ministres avant mise en application. On sait que quelque 280 amendements ont été déposés qui vont évidemment alimenter la discussion. Néanmoins, le fait que le processus entre maintenant dans une phase plus cruciale incite certaines organisations syndicales européennes représentant les dockers à faire pression pour faire entendre leur point de vue et ce via une interruption de travail ce mardi, de 12 à 15 h.
  • Rhin d’Acier: a-t-on bien mesuré le coût des travaux à l’est de Roermond?
    Vendredi dernier, les ministres des Transports des Pays-Bas, de Belgique et d’Allemagne ont pris quelques “accords de travail” en vue d’arriver à une décision concernant la réactivation du Rhin d’Acier. Cette décision devrait tomber le 15 octobre prochain, lors du Conseil Transports. Il serait bon qu’entre-temps, on ait des indications sur le coût des travaux de déviation à hauteur de Roermond et de traversée des zones sensibles. Ce coût risque en effet d’être faramineux et d’être économiquement totalement injustifié.
  • Les Etats-membres ne pourront aider les compagnies aériennes qu’au niveau des assurances
    Réunis à Liège samedi dernier sous la présidence du ministre belge Didier Reynders, les ministres européens des Affaires économiques et des Finances ont décidé que les Etats-membres de l’UE ne pourront pas subventionner leurs compagnies aériennes en difficultés dans le but de compenser l’impact des attentats terroristes perpétrés aux Etats-Unis. S’ils le souhaitent, les Etats-membres sont toutefois autorisés à couvrir les risques de guerre et d’attentats terroristes via des garanties d’Etat pour des crédits et ce, pour une période d’un mois au moins. Les compagnies aériennes sont cependant tenues à payer une prime “raisonnable”.
  • L’armement Agaat met le troisième Olievinker en service
    L’armement Agaat va mettre une troisième unité de soutage en service dans le port d’Anvers dans une quinzaine de jours. Le “Olievinker III”, a été baptisé par Alexander Verdonck sur le chantier naval CASCO de Hemiksem, où la coque originaire de Russie sera achevée dans les jours à venir. Les travaux de finition ont débuté en mai dernier.

TradeWindsweb site
SEPTEMBER 24, 2001
  • Repsol to break Peruvian bunker monopoly
    Repsol aims to introduce more competitive bunker prices at El Callao port.
  • Stelmar likely to pass on war risk insurance
    The extra insurance cost of $24 per day is to be passed on to ship charterers.
  • CP chief sees likely takeovers
    Only about half of the five soon-to-be Canadian Pacific spin-offs would be able to avoid takeovers.
  • Frontline takes a punt on Frontline
    Novel equity swap deal increases market volatility of top tanker owner.
  • Time-out called for Kvaerner crisis talks
    Trading in troubled Norwegian giant's shares still suspended as bosses try to secure future.
  • USCG refutes ban on seamen report
    Seamen from more than 20 countries are rumored to be banned from disembarking at US ports.
  • Voyage war rates begin to emerge
    Lloyd's premiums rise the further north in the Persian Gulf a tanker loads.
  • Houston shipping channel partially reopened
    An oil tanker spills 860 barrels of fuel oil after colliding with a towing vessel.
  • Star Cruises rejigs fleet plans
    Malaysian cruise line delays ship redeployment in the wake of US attacks.
  • New York authorities boarding all ships
    Inspection protocol at New York port is stricter than other US ports.
  • Ukraine creates new merged shipping company
    Government loans are to be provided to help kickstart operations with new ships.
  • Newport News bidding war drags on
    General Dynamics extends its offer for all Newport News shares while waiting for the government approval.
  • Smedvig wins $9m West Navion deal
    Another contract keeps drillship busy while it waits for a buyer.
  • Primorsk rakes in the rubles
    The Russian tanker owner boosted revenues and profits in the first half of 2001.
  • US consultancy eyes panamax LNG newbuildings
    IHI may find a taker for its SPB LNG design, if new plans in the making get off the drawing board.
  • Daewoo logs first monthly loss
    The end of the debt workout programme is beginning to bite for the Korean shipyard.
  • French and Irish warned over bad PSC record
    EU threatens legal action if the two countries don't improve the level of Port State Control inspections.
  • UK holds another nine in August
    Port state control inspectors in the UK added nine substandard ships to its detention list last month.
  • BP orders fourth US-built tanker
    Oil major extends order for US-built vessels to shift Alaskan crude.

›››File
FROM THE HOME PAGE
At the end of the year Fret SCNF will cease to exist and the activity will be detected by the new companies Hexafret and Technis
St. -Ouen
The deal is aimed at averting the payment of 5.3 billion euros.
Tzitzikostas : At the beginning of my mandate I will present a strategy for European ports
Tzitzikostas : At the beginning of my mandate I will present a strategy for European ports
Brussels
"The competitiveness of the transport sector must be based on sustainability," the European Commission said.
Norwegian Cruise Line Holdings records record quarterly revenue
Miami
In the July-September period of this year, the group's ships have embarked on 812mila passengers (+ 9.7%)
The intermodal hubs of Melzo and Milan Smistamento will be retaken in the ZLS of the port and retroport of Genoa
Milan
Deliberation approved by the regional junta of Lombardy
It amounts to 39 billion euros per year the public investment needed to decarbonize European transport.
It amounts to 39 billion euros per year the public investment needed to decarbonize European transport.
Brussels
The estimate in a new study of Transport & Environment
The crisis in the Red Sea has caused a hole of six billion dollars in Egypt's coffers
The crisis in the Red Sea has caused a hole of six billion dollars in Egypt's coffers
Cairo / Alexandria
Scali at the Egyptian port of El Dekheila of the services of Vuxx Shipping between China and Russia
In the third quarter, freight traffic in Chinese seaports grew by 1.7% percent
Beijing
The only volumes to and from abroad have increased by 5.0%
In the July-September quarter, naval traffic in the Bosphorus Strait grew by 6.4%
Ankara
In the first nine months of 2024, the increase was 7.1%
DFDS will not acquire the international transport network of Ekol Logistics
Copenhagen / Istanbul
Exchange of allegations : The Danish group claims that certain contract conditions have not been met ; the Turkish company replies that it has received a discount request in the last 24 hours
In the first quarter of this year, traffic in European Union ports fell by -3.2% percent.
In the first quarter of this year, traffic in European Union ports fell by -3.2% percent.
Luxembourg
The only traffic in containers (+ 5.2%) is growing. Still doubts about the figures attributed to Italy
ECSA and T&E are calling for the Clean Industrial Deal to support the energy transition of shipping
Brussels
Among the demands, make ecological naval fuels available in ports
In the July-September quarter, ONE revenue grew by 65.2% percent.
In the July-September quarter, ONE revenue grew by 65.2% percent.
Singapore
The volumes of containers carried by the fleet increased by 6.6%
In the third quarter, the financial and operational results of COSCO were substantially increased.
In the third quarter, the financial and operational results of COSCO were substantially increased.
Shanghai
The volumes of containers carried by the fleet increased by 8.6%
Maersk records glowing quarterly results
Maersk records glowing quarterly results
Copenhagen
A strong performance in the containerized shipping industry has been decided. Also growing terminal and logistics
Confitarma lists actions to increase the contribution of shipping to the Italian System
Naples
Le Aziende informanoSponsored Article
ITS Costruttori, il futuro dei cantieri inizia in Accademia
Oltre 420 posizioni aperte in 17 corsi totali, con un tasso di occupazione post diploma di circa il 95% in media
In the third quarter the traffic in goods in Turkish ports decreased by -1.8%
Ankara
Volumes to and from Italy have increased by 2.9%
The Court of Appeal in Reggio Calabria gives reason to the AdSP of Gioia Tauro in the litigation that juxtaposes it to the Corap
A litigant remains pending in front of the Court of Cassation
Maersk signs an agreement with Chinese LONGi to supply its own dual-fuel vessels of methanol
Copenhagen
The Danish group already has agreements in place to meet more than 50% percent of its demand for methanol planned for 2027
Royal Caribbean again records financial results and record quarterly operating
Royal Caribbean again records financial results and record quarterly operating
Miami
In the July-September period, revenues increased by 17.4%
The association of European ports is alarmed for the planned reform of EU funding to transport infrastructure
Brussels
Transport policy and transport funding must be based on a European approach.
In the third quarter of this year, the transits of large vessels in the Panama Canal were down -38.3% percent.
In the third quarter of this year, the transits of large vessels in the Panama Canal were down -38.3% percent.
Balboa
-36.9% reduction in the volumes of goods transported through the Central American waterway
CMA CGM associates with Marsa Maroc for the management of a container terminal in the port of Nador
Marseille
Expected an investment of 280 million
Maersk confirms participation in service between Turkey and East Coast USA with scallops in Salerno, Livorno and Tanger Med
Copenhagen
Will be activated on 1st February 2025
Hapag-Lloyd will introduce shots at Italian ports in two services between the Mediterranean and East Coast USA
Hamburg / Haifa
Touches in Genoa, Livorno and Salerno in collaboration with ZIM
In the third quarter the terminals of COSCO Shipping Ports handled 29.1 million containers (+ 4.8%)
Hong Kong
Wan Hai Lines orders eight new container ships from 16,000 teu
Taipei
Committed to South Koreans HD Hyundai Samho and Samsung Heavy Industries
Fincantieri-EDGE agreement for the development of solutions for the underwater needs of military navies
Abu Dhabi / Trieste / Paris
The joint venture Maestral will deal with the design, development and construction of underwater systems
WSC, crucial mandate of new European commissioner for transport to ensure decarbonisation of shipping
Brussels
The shipowner association indicates some other priorities to be addressed
Federagents ready to illustrate to institutions the priorities of Italian ports
Rome
Pessina : available to our know-how to suggest the measures to be taken
Sébastien Romani is the new CEO of Forship Spa
Go Ligure
Subenters to Giuseppe Scognamiglio
Restyling of the landing area of the Cruserists in the port of Catania
Catania
In 2023 the traffic of cruises in the Sicilian stopover increased by 43.7% percent.
Resume work for the completion of the commercial docks of the Milazzo Port
Messina
The realization of 18,000 square metres of new aprons is planned.
In the third quarter, Kalmar's turnover fell by -16% percent.
Helsinki
New orders increased by 6%
Approved the 2025 forecast budget of the West Liguria AdSP
Genoa
Ok also at the annual review of the Triennale Operating Plan 2023-2025
Approved the 2025 forecast budget of the Central Adriatic System Authority of the Central Adriatic
Ancona
The first crane arrived to make Giammoro's pontile operating near Milazzo.
Messina
Will be installed by end of year
Green light to the forecast budget and the three-year plan of the work of the Eastern Liguria's AdSP
The Spezia
In the first nine months of 2024 the traffic of containers at Spezia grew by 8.1% percent. On 14 and November 15 the event "A Bridge To Africa"
Approved the forecast budget 2025 and the POT 2025-2027 of the AdSP of the Southern Tirreno and Ionian
Joy Tauro
Port of Livorno, seized a 40-pound load of cocaine
Livorno
Tracts under arrest three people
Approved the 2025 forecast budget of the AdSP of the Northern Tirreno
Livorno
Ok unanimous also at the Triennale Operating Plan 2024-2026
Rail Cargo Group activates a rail service between Belgrade and the port of Rijeka
Vienna
Two weekly rotations
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
HHLA reaps upward forecasts for the full financial year 2024
Hamburg
Also expected to be a slight increase in the volumes of container traffic handled by port terminals
In the third quarter, the revenues of COSCO Shipping Ports grew 11.2%
Hong Kong
In the first nine months of 2024, the increase was 5.8%
Approved the 2025 forecast budget of the AdSP of the Sardinia Sea
Cagliari
Also free from the three-year programme of works
Savino Del Bene has acquired the Seabridge Transport in Hamburg
Hamburg / Florence
The company was already acting as the administrative headquarters for the German operations of the Italian group.
In the third quarter, freight traffic in Albanian ports grew by 14.0% percent.
Tirana
In the first nine months of this year, the increase was 14.3%
In 2026, for the first time, MSC Cruciere ships will reach Alaska
Geneva
"MSC Poetry" will carry out weekly itineraries from Seattle
COSCO Shipping Lines orders six new container ships from 13,600 teu to Hudong-Zhonghua Shipbuilding
Shanghai
They will be taken in delivery by 2027
Wärtsilä records a robust uptickdown in quarterly turnover
Helsinki
In the July-September period, the value of new orders rose by 1% percent.
Unified concession for formal act for the Intergroup terminal in Gaeta port
Cyvitavecchia
Has a duration of 12 years
Arrive in the port of Gioia Tauro the last two of the 13 new quay cranes of the MCT
Joy Tauro
They can work on capacity container carriers up to 25mila teu
Assologistic has published a practical guide to customs reform
Milan
Illustrated and analyzed the novelties and critiques of the new legislative plant
In the third quarter, shipping containers in Spanish ports increased by 9.9% percent.
Transhipment traffic grew by 13.2% percent, the import-export trade of 6.4% percent.
USB Mare and Porti criticizes the agreement for the renewal of the contract of port workers
Rome
Signed the voluntary agreement "Ancona blue agreement"
Ancona
The aim is to reduce the impact of emissions from cruise ships, ro-ro and ferries that climb the dorsal port.
Italian Coast Guard and the Italian Academy of Mercantile Academy in support of the Maritime Administration of Ukraine
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
On Friday, the public assembly of Federagents will be held in Rome.
Rome
The Federation celebrates the 75 years since its founding
Spediporto has organized a two-day trip on the Green Logistic Valley and Italy-China trade
Genoa
It is scheduled on 22 and October 23
››› Meetings File
PRESS REVIEW
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
Russia and India join forces in the Arctic, leaving China aside
(News.Az)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Fincantieri opens in San Francisco a center for the development of dual-use technologies applicable both in civilian and military sectors
Trieste / San Francisco
It is housed at the Mind the Bridge Innovation Center
Japan's MHI-MME initiates a license agreement with Chinese Jiangsu Masada
Nagasaki
The aim is the development of the production and sale in China of turbochargers for two-stroke marine engines
By November the ownership of the Victory Shipyard will go to CNV
Venice
Mantovan (Veneto Region) : A new trade union agreement will be built that will cover the 48 workers in organic
In the third quarter, the commercial activity and financial performance of Konecranes grew
Helsinki
The value of new orders for the supply of port means increased by 44.1%
In 2025, a 3.9% increase in cruising traffic in Adriatic ports is expected
Ravenna
Responses Tourism believes that the traffic of ferries, catamarans and aliscafi will record further slight growth
COSCO Shipping Ports acquires stakes in the two port terminals of Hutchison Ports in Laem Chabang
Hong Kong
Investment of 110 million
GNV has taken delivery of the new ferry GNV Polaris
Genoa
First of four new ro-pax units built in China, it will enter service by January
John Xylas will be the new president of Intercargo.
John Xylas will be the new president of Intercargo.
London
He will subordinate to Dimitrios Fafalios, who has been named honorary president
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