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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
July 17, 2003
Shipping Timesweb site
Shipping News
  • Treat feeder charges differently, urges RCL
    AS neighbouring ports continue to offer more competitive rates, PSA Corporation should offer an 'open and transparent' rate package that differentiates between mainline and feeder container operators, said the chairman of Regional Container Lines yesterday.
  • 2 more ship orders being considered
    WITH an eye on promising growth in the intra-Asia trade, Regional Container Lines said yesterday it is considering closing another deal for two more container ships in the coming weeks.
  • 17th century wreck found off Belgium
    BELGIAN maritime researchers said they had discovered the preserved wreck of a 17th century merchant ship off the coast of Belgium.
Air and Land Transport
  • Swiss abandons plan to set up regional unit
    SWISS International Air Lines said yesterday it will ditch plans for a separate regional unit aimed at saving 20 per cent of regional operating costs, to appease pilots' unions worried about job cuts.
  • Virgin Atlantic eyes ex-Concorde users
  • June the best month for SIA since Sars outbreak
  • Turkey air crash: crew error likely
  • BA sees Iberia as key to consolidation within Europe
  • ANA may lower fares if Narita airport cuts fees
Features
  • All set for cut-and-lift
    ONE of the biggest salvage operations ever mounted gets underway later this week, as experts use a cutting cable to slice through the wreck of the car-carrier Tricolor which went down after a collision in the English Channel in December.

Shipping Timesweb site
Shipping News
  • Treat feeder charges differently, urges RCL
    AS neighbouring ports continue to offer more competitive rates, PSA Corporation should offer an 'open and transparent' rate package that differentiates between mainline and feeder container operators, said the chairman of Regional Container Lines yesterday.
  • 2 more ship orders being considered
    WITH an eye on promising growth in the intra-Asia trade, Regional Container Lines said yesterday it is considering closing another deal for two more container ships in the coming weeks.
  • 17th century wreck found off Belgium
    BELGIAN maritime researchers said they had discovered the preserved wreck of a 17th century merchant ship off the coast of Belgium.
Air and Land Transport
  • Swiss abandons plan to set up regional unit
    SWISS International Air Lines said yesterday it will ditch plans for a separate regional unit aimed at saving 20 per cent of regional operating costs, to appease pilots' unions worried about job cuts.
  • Virgin Atlantic eyes ex-Concorde users
  • June the best month for SIA since Sars outbreak
  • Turkey air crash: crew error likely
  • BA sees Iberia as key to consolidation within Europe
  • ANA may lower fares if Narita airport cuts fees
Features
  • All set for cut-and-lift
    ONE of the biggest salvage operations ever mounted gets underway later this week, as experts use a cutting cable to slice through the wreck of the car-carrier Tricolor which went down after a collision in the English Channel in December.

Shipping Timesweb site
Shipping News
  • Treat feeder charges differently, urges RCL
    AS neighbouring ports continue to offer more competitive rates, PSA Corporation should offer an 'open and transparent' rate package that differentiates between mainline and feeder container operators, said the chairman of Regional Container Lines yesterday.
  • 2 more ship orders being considered
    WITH an eye on promising growth in the intra-Asia trade, Regional Container Lines said yesterday it is considering closing another deal for two more container ships in the coming weeks.
  • 17th century wreck found off Belgium
    BELGIAN maritime researchers said they had discovered the preserved wreck of a 17th century merchant ship off the coast of Belgium.
Air and Land Transport
  • Swiss abandons plan to set up regional unit
    SWISS International Air Lines said yesterday it will ditch plans for a separate regional unit aimed at saving 20 per cent of regional operating costs, to appease pilots' unions worried about job cuts.
  • Virgin Atlantic eyes ex-Concorde users
  • June the best month for SIA since Sars outbreak
  • Turkey air crash: crew error likely
  • BA sees Iberia as key to consolidation within Europe
  • ANA may lower fares if Narita airport cuts fees
Features
  • All set for cut-and-lift
    ONE of the biggest salvage operations ever mounted gets underway later this week, as experts use a cutting cable to slice through the wreck of the car-carrier Tricolor which went down after a collision in the English Channel in December.

Sched Netweb site
  • Key initiatives being introduced for HK logistics industry
  • Xerox takes GT Nexus initiative
  • CN close to UTU labour agreement
  • USF Logistics Services gets ISO nod
  • FedEx launches stock repurchase
  • GAC appoints new Philippines cargo manager
  • CMA CGM launches new Mediterranean service
  • Caution urged in approach to tanker regulations
  • Hactl sees June tonnage fall in strong second quarter
  • EasyJet dumps cargo for passengers
  • Austrian Airlines joins Cargo Portal Services

Exim Indiaweb site
  • MoS may rescind proposed ban on ageing oil tankers
  • Mercator Lines to transport MRPL crude
  • MSC all set to commence liner service from Mundra box terminal - First ship, MSC Camille arriving tomorrow
  • MSC to move Africa service from JNP to Mumbai Port
  • Kolkata Dock System starts Internet banking facility for port users
  • Box terminal will reach full capacity, earn profit in 4 years, says MICT CEO
  • JNPT reassures users of adequate action soon
  • No export wheat movement by road after July 31
  • ISO award function at CONCOR's Mulund office today
  • Global Entrepreneurship Monitor Report places India on No. 2 slot
  • CII-organised debate on Cos (Amendment) Bill, 2003, today
  • Textile export policy in for revamp
  • Go all out to widen markets, Textile Minister urges exporters
  • Petronet likely to double Dahej LNG terminal's capacity
  • Jaswant announces series of tax reform measures
  • ...sees positive signals to rapid economic growth
  • DGFT seeks fresh data from exporters drawing over 15 pc DEPB rates
  • IMC engagements for next week
  • Standard Bank team from S. Africa studying Indian banking system

The Bunker Bulletinweb site
JULY 16, 2003
  • Gulf Coast rebound suppressed as markets slip back
  • Supply concerns continue to support East Coast markets
  • US crude stocks fall, products soar to normal inventory level
    Weekly US oil inventory data have delivered a big surprise to the market and have once more run sharply contrary to expectations.
  • Montreal little changed, market quiet
  • GAC: Weekly African market report
  • High and wobbly numbers not tempting buyers to Piraeus
  • Korean bunker market moves into holiday on a relaxed note
  • New Saudi posted prices, markets firm
  • Rotterdam records 10% rise in bunker sales
    Capt. Cornelius de Keijzer, Senior Policy Advisor and bunker co-ordinator for the Rotterdam Municipal Port Management (RMPM), told Bunkerworld that they belive the rise in turnover in Rotterdam was caused by favourable prices in the port and the introduction this year of two 2 so-called "mega-barges".
  • Lubmarine warning on high sulphur fuels
    Despite an imminent new world-wide sulphur cap of 4.5 per cent, and lower regional limits of 1.5 per cent or less, there are areas of the world where fuel sulphur content is climbing. Owners and engineers need to pay attention to the possible effects, says Lubmarine's technical manager.
  • Prompts still tight in Rotterdam

International Transport Journalweb site
JULY 16, 2003
  • CaroTrans International opens Charlotte NC office
  • TACA: fuel surcharges unchanged
  • Lufthansa: New intercontinental destinations from Munich
  • Transfracht launches additional seaport trains
  • U-Freight relocates to new office near Chicago

The Scandinavian Shipping Gazetteweb site
JULY 16, 2003
  • More oil through Butinge
  • Huge oil finds in Iran
  • Charter extension for Havila

Marine Logweb site
JULY 16, 2003
  • Stakeholders celebrate start of Austal cat construction
    Key stakeholders involved in the landmark project to build a 192ft high-speed ferry for Milwaukee-based Lake Express LLC attended a recent ceremony to celebrate the start of the vessel's construction at the Austal USA
  • Thrust bearing problem forces cruise cancellation
    Celebrity Cruises is canceling its July 22 cruise on Millennium to replace a thrust-bearing unit in the ship's port propulsion system.
  • Warning on high sulfur fuels
    Despite pending sulfur caps on fuel in some regions, high sulfur fuel can crop up elsewhere, leading to headaches in selecting the correct lube oil
  • Raj leaves VTH
    Anil Raj has resigned as president and chief operating officer of VT Halter Marine.

World Wide Shipperweb site
JULY 16, 2003
  • Port of Seattle expects jump in cruise numbers for next year
  • DOT awards six airlines new cargo flights to Hong Kong
  • TSA filling screener ranks with part-time employees
  • CBP inspectors seize guns from vessel calling Portland
  • ChevronTexaco charters tanker from Stelmar Shipping Ltd.

Lloyd's Listweb site
  • ExxonMobil in talks with Qatar over giant LNG deal
    ExxonMobil is discussing a huge liquefied natural gas project with Qatar which could result in a fleet of giant newbuildings being required to ship LNG to the US.
  • Container port computer system crashes again
    A NEW computer system serving two top UK container ports and the air courier industry has crashed for the second time in six weeks after going live.
  • Wages bombshell stuns UK owners
    UK SHIPOWNERS have expressed outrage over allegations that they are knowingly paying foreign seafarers less than their legal entitlement .
  • IMO tiptoes towards phase out compromise
    International Maritime Organisation administrations were last night reported to be feeling their way towards a compromise on controversial proposals from 15 European Union administrations looking to accelerate further the phase-out of single hull tankers, writes Hugh O'Mahony.

Fairplayweb site
JULY 16, 2003
  • Zim signs up with Kingston
  • Canal authority signs for freight
  • US seizes arms container
  • Mayor presses for import fee
  • Box traders blame NCC for THC
  • Rotterdam pumped up on bunkers
  • Box terminal plans thrown out
  • Norway tow approaches the Channel
  • Spain asks for more Prestige aid
  • Hanjin Pen resale 'breaks contract'
  • Port Klang invests in property
  • State oil co resumes domestic rivalry
  • Huff and puff at Bluff
  • Havila buy boosts Bourbon supply
  • NZ set for coastal barge service
  • Kenya to sue Al Najat agents
  • MEPC: 'sensitive area' report today
  • Sovcomflot signs $91M German loan
  • Mercator strikes major oil deal
  • Caracas deal too "fat" to swallow

The Journal of Commerceweb site
JULY 16, 2003
  • Bonner says trade act rules due soon
    The Customs Commissioner said that proposed rules for advance electronic reporting of cargo data should be published within the next several days.
  • Trade deal could give Hong Kong edge in China logistics
    A new free-trade agreement gives Hong Kong logistics companies the right to set up wholly owned units on the mainland.
  • Judge rejects Deutsche Post counter-subpoenas
  • McBride new Lake Charles port director
  • Polar Air Cargo taps Tang
  • Air Canada resumes daily Asia service
  • CSR protests U.S. shore leave rule
  • Marad opens waterways Web site
  • Gaughan named chief maritime advisor in Iraq
  • Austrian Airlines Cargo joins Cargo Portal Services
  • China Shipping adds Qasim service
  • Maersk Logistics, TradeCard team up

Containerisation Internationalweb site
JULY 16, 2003
  • Good Hope Express alliance split as Chileans enter partnership with French
    Chilean line CSAV has left the Good Hope Express (GHE) alliance and started operating on the Far East-South Africa-South American trade - with a new partner, CMA CGM.
  • Germany/Russia feeder JV deepens Eurogate's Baltic liaison
  • Charter rates pursue upward spiral
  • Two-year delay to Westerschelde terminal following court ruling
  • Major delays, as Hurricane Claudette hammers Texan ports
  • Investment to double Rio Grande's annual capacity
  • Industry will pay for US port security shortfall
  • NSICT fights surcharge, blames delays on ocean carriers
  • Pacific National and Australian unions manoeuvre over rail reforms
  • Battle looms over skinny Nauru trade
  • OSC contracts Boeing to secure the container supply chain

TradeWindsweb site
JULY 16, 2003
  • Frontline to vanish in Bermuda triangle?
    Legal rival seeks to 'wind down' tanker giant over $8m judgment.
  • No mess in Texas
    Houston quickly shipshape as Claudette passes.
  • Q Ship picks Hyundai
    Big aframax order from Qatar owner goes to Korean shipbuilder.
  • RCL confirms Japanese orders
    Thai feeder operation gets 2005 delivery dates for two $30m boxships at Mitsubishi.
  • Jambo bunker fuel removed
    Smit completes pumping of oil from sunken German cargoship off Scotland. Now for the cargo.
  • Croatia agrees Viktor Lenac lifeline
    Government sanctions cash injection to keep creditors of struggling yard happy.
  • Knightsbridge hangs on to cash
    Owner builds $6m reserve to trade tankers in change of dividend policy.
  • Navion extends suezmax charter
    Tsakos Energy Navigation gets maximum rate for one-year hire of Silia T.
  • Narrow loss for Baltic Shipyard
    St Petersburg shipbuilder will not pay dividend for 2002 after ending year in red.
  • Cosco hails "excellent performance"
    Chinese giant says freight volumes were two-thirds more than expected in first six months of 2003.
  • Unithai seeks privacy
    Thai bulker player will de-list shares as owner Fred Tsao offers to buy out small investors.
  • Thoresen buys third bulker in a month
    Expanding Thai owner brings fleet to 30 ships with latest second-hand deal.
  • Maersk fined for sanction busting
    Danish shipping behemoth pays the price of dealing with Cuba despite strong military ties.
  • Stelmar fixes ChevronTexaco charter
    New York-listed Greek tanker player ties up more modern tonnage on period employment.

American Shipperweb site
JULY 16, 2003
  • Last of four Europe/West Indies ships delivered to CMA CGM
  • Sinotrans requests exemption from rate notice period
  • Carriers suspend U.S./Australasia conference
  • EC allocates 9-million-euro payment after "Prestige" oil spill
  • Stelmar Shipping gets tanker contract with ChevronTexaco
  • "OOCL Montreal" makes maiden call
  • IMO begins tanker talks as EU threatens own action
  • Atlas Air names Dolan COO
  • Austrian Airlines Cargo joins Cargo Portal Services
  • Great Lakes carriers float better on western coal in June
  • FMC assesses $7.9 million penalty against Hong Kong NVO
  • Advance manifest review leads to weapons seizure in Portland, Ore.
  • Hong Kong logistics firms welcome China's opening
  • Genco Distribution System acquires Iogistics
  • WTO: Japan apple import quarantine measures unfair to U.S.
  • Customs upholds non-quota classification for dairy protein blends
  • Evans to lead oil business delegation to Russia
  • DOE funds Advent software in Snezhinsk, Russia
  • Modern Freight expands facility in Dubai
  • BAX Global names Lear, Wolfman as import directors
  • German and Russian port operators set up feeder carrier
  • Kingston port secures five-year hub deal with Zim
  • Traffic down 4% in June at main Hong Kong terminals

›››File
FROM THE HOME PAGE
New historical record of monthly container traffic in the port of Long Beach
Long Beach / Los Angeles
In October, strong growth in Los Angeles climbing activity.
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
In the third quarter, the Viking cruise group's revenues grew by 11.4% percent.
Los Angeles
Increase of 14.3% of turnover generated by ocean cruises
Signed the final agreement on the contract of port workers
Rome
Italian Antitrust initiates an investigation into SAS (MSC group), Moby and Large Navi Fast
Rome
According to the AGCM, competition restrictions may have occurred as a result of the 49% acquisition of Moby's capital by SAS.
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
Brussels
Total greenhouse gases produced would be more than 30% higher than those considered by the FuelEU Maritime Regulation
DFDS and Ekol are rethinking and agreeing on the sale of the Turkish company's international network to the Danish group
Copenhagen / Istanbul
Revised the terms of the deal expired on the first November
Slight downturn in freight traffic in the port of Hamburg in the third quarter
Hamburg
Stable container traffic
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
Cargotec agrees to the sale of MacGregor to funds managed by Triton
Helsinki
Sale of the value of 480 million that is expected to be completed by the first half of 2025
In the July-September quarter freight traffic in the port of Koper increased by 8.3%
Lubiana
In the first nine months of 2024, the increase was 3.2% percent.
Ok of Ukraine's antitrust enforcement at the entrance of MSC in the capital of HHLA terminalist company
Kiev
The company operates the CTO terminal of the port of Odessa
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
More than doubling the value of new orders acquired by Fincantieri in the first nine months of 2024
Trieste
The sunshine committed for shipbuilding grew by +154,3 percent.
Established the Ship Recycling Alliance to speed up the recycling of safe and environmentally friendly ships
Copenhagen
The initiative in view of the entry into force on June 26 of the Hong Kong International Convention
Kuehne + Nagel will acquire 51% percent of the capital of American IMC Logistics
Schindellegi / Collierville
US company mainly operates drayage services
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
Hamburg
Increase of 3.8% of containers carried by the fleet. Average value of nils up 22.9%
In the third quarter freight traffic in the port of Genoa decreased by -4.9% percent while in Savona-I went up by 15.7% percent.
Genoa
Decided increase in transshipment containers determined by the Red Sea crisis. Down the cruises
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
Seoul
+116% increase in the value of the average nole per container transported
Evergreen's quarterly financial performance hike
Evergreen's quarterly financial performance hike
Taipei
Taiwanese company invests 186.8 million to buy new shipping containers
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
Hamburg
In Germany (Eurogate) the increase was 13.6% percent. In Italy (Contship Italy) of 6.8%). Slowing growth at Tanger Med. Damietta terminal will become operational in April
Danaos reports a new drop in quarterly revenue generated by fleet of container carriers
Athens
Coustas : With the Trump administration, which has promised new duties, a future reduction in container traffic is possible
In the first ten months of 2024, the traffic of goods in Russian ports decreased by -3.2%
St. Petersburg
The dry goods amounted to 370.8 million tonnes (-3.5%), those liquids at 372.2 million tonnes (-2.9%)
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
On the former Carbonyl of the Port of Genoa, the yards of the foranea dam and the subport tunnel
Genoa
The AdSP Management Committee deliberated it yesterday.
In Genoa, the Graduation Day of the Italian Academy of Mercantile
Genoa
Delivered 50 diplomas at the end of the biennial and three-year formative course
On November 27 in Rome, the public assembly of UNIPORT will be held
Rome
Meeting on the theme "Italian Ports, a network of businesses in the service of the country and of Europe"
Roberto Nappi, founder and director for 40 years of "Corriere Marittimo", has died.
Genoa
His career had begun at the writing of the Telegraph in 1958
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
The seamen of the Galaxy Leader have been hostage for a year
London / Hong Kong
Platten (ICS) : It is unacceptable ; humanity prevails and they are immediately released
MSC will implement a markup of noli for maritime transport from the Far East to the Mediterranean
Geneva
Increases of 25% and 18% for containers from 20 'and 40' direct in the western Mediterranean and Adriatic
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
Environmental authorization of the Region to dredging the quays from 19 to 26 of the port of Ancona
Ancona
The intervention will cost a total of 16.5 million euros.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
In the third quarter the container traffic handled by HHLA dropped by -2%
Hamburg
In Trieste the volumes processed by PLT Italy in the first nine months of 2024 have decreased
In October container traffic in the port of Hong Kong grew by 0.7%
Hong Kong
In the first ten months of 2024, a decline of -5.2%
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
Last month the port of Singapore handled 3.5 million containers (+ 8.1%)
Singapore
In the first ten months of 2024, growth was 6.2% percent.
MSC has completed the acquisition of the majority of logistics company MVN
Geneva / Milan
The Milanese business plans to close 2024 percent with a turnover of 100 million euros.
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
Port of Gioia Tauro, the memorandum of understanding for security in working environments and port operations
Joy Tauro
Will have a duration of three 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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
››› Meetings File
PRESS REVIEW
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
The meeting in Rome between the representatives of Italian ports and ports in Florida
Rome
Expect a comparison to find common themes on which to set up a benchmarking task
This year the Cruserists in the port of Ancona have grown by 18.9%
Ancona
25.1% increase in transits and drop by -5.1% of landings and embarkation
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
Ok to the 2025 forecast budget of the AdSP of the Tyrrhenian Sea Centre North
Cyvitavecchia
It presents a surplus of more than 2.5 million euros
In Palermo, the first sheet of the new ferry for the Sicilian region was cut off.
Trieste / Palermo
The delivery of the ship is scheduled for 2026
Global Ship Lease's quarterly revenue records show the first decrease since the end of 2018
Athens
The company believes that its container fleet has very good future prospects of employment
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
A worker has passed away in the port of Crotone
Joy Tauro
He would suddenly go down to the ground while talking to some colleagues
Torbianelli : well the ok of CIPESS in financing the future Molo VIII of the port of Trieste
Trieste
Of the estimated 315 million euros, 206.9 are expected by the state
The French state has acquired 80% percent of the capital of Alcatel Submarine Networks
Calais
The company has a fleet of seven posacavi vessels
Eurizon Capital (Intesa Sanpaolo Group) has acquired a majority stake in Germany-based
Milan
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