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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
March 15, 2004
Shipping Timesweb site
Shipping News
  • Lack of infrastructure development could choke global trade
    THE US and Europe 'urgently need' to invest in ports and land transport infrastructure to reduce chokes and avoid being swamped by the trade growth out of Asia, APL chief executive Ron Widdows has warned.
  • HK box volumes up 7% last year on strong river trade
    HONG Kong's container throughput grew 7 per cent to 20.45 million TEUs in 2003, boosted by strong increases in river trade and transhipment volumes.
  • Philippine ferry captain blames blast for fire
    THE skipper of a Philippine ferry destroyed by a deadly blaze that an Islamic militant group claimed responsibility for told investigators that he had heard an explosion and smelt gunpowder the night of the fire.
  • French police team in China to inspect Philippine freighter
    TWO French police officers have arrived in China to inspect the Philippine-flagged freighter Seattle Trader which is being investigated for a possible role in the sinking of a trawler which left five French fishermen dead.
Air and Land Transport
  • SIA seeks more details on Boeing's 7E7 jetliner
    SINGAPORE Airlines has asked Boeing Co for a specific proposal on the new 7E7 jetliner along with information on a potential purchase of 777s, aircraft industry sources familiar with the matter said.
  • HK, Changi passenger traffic down in Feb
  • Delta president to join Virgin's US project
  • China's TravelSky posts 47% fall in profits
  • China Airlines neglected tests on crashed plane
  • Log Book
Liner Scene
  • The significance of Mr Tanker's foray into box liner business
    THERE has been a fascinating development at P&O Nedlloyd since it was announced that the Anglo Dutch container shipping giant would be spun off, and that in the process P&O would dramatically reduce its stake.

Shipping Timesweb site
Shipping News
  • Lack of infrastructure development could choke global trade
    THE US and Europe 'urgently need' to invest in ports and land transport infrastructure to reduce chokes and avoid being swamped by the trade growth out of Asia, APL chief executive Ron Widdows has warned.
  • HK box volumes up 7% last year on strong river trade
    HONG Kong's container throughput grew 7 per cent to 20.45 million TEUs in 2003, boosted by strong increases in river trade and transhipment volumes.
  • Philippine ferry captain blames blast for fire
    THE skipper of a Philippine ferry destroyed by a deadly blaze that an Islamic militant group claimed responsibility for told investigators that he had heard an explosion and smelt gunpowder the night of the fire.
  • French police team in China to inspect Philippine freighter
    TWO French police officers have arrived in China to inspect the Philippine-flagged freighter Seattle Trader which is being investigated for a possible role in the sinking of a trawler which left five French fishermen dead.
Air and Land Transport
  • SIA seeks more details on Boeing's 7E7 jetliner
    SINGAPORE Airlines has asked Boeing Co for a specific proposal on the new 7E7 jetliner along with information on a potential purchase of 777s, aircraft industry sources familiar with the matter said.
  • HK, Changi passenger traffic down in Feb
  • Delta president to join Virgin's US project
  • China's TravelSky posts 47% fall in profits
  • China Airlines neglected tests on crashed plane
  • Log Book
Liner Scene
  • The significance of Mr Tanker's foray into box liner business
    THERE has been a fascinating development at P&O Nedlloyd since it was announced that the Anglo Dutch container shipping giant would be spun off, and that in the process P&O would dramatically reduce its stake.

Shipping Timesweb site
Shipping News
  • Lack of infrastructure development could choke global trade
    THE US and Europe 'urgently need' to invest in ports and land transport infrastructure to reduce chokes and avoid being swamped by the trade growth out of Asia, APL chief executive Ron Widdows has warned.
  • HK box volumes up 7% last year on strong river trade
    HONG Kong's container throughput grew 7 per cent to 20.45 million TEUs in 2003, boosted by strong increases in river trade and transhipment volumes.
  • Philippine ferry captain blames blast for fire
    THE skipper of a Philippine ferry destroyed by a deadly blaze that an Islamic militant group claimed responsibility for told investigators that he had heard an explosion and smelt gunpowder the night of the fire.
  • French police team in China to inspect Philippine freighter
    TWO French police officers have arrived in China to inspect the Philippine-flagged freighter Seattle Trader which is being investigated for a possible role in the sinking of a trawler which left five French fishermen dead.
Air and Land Transport
  • SIA seeks more details on Boeing's 7E7 jetliner
    SINGAPORE Airlines has asked Boeing Co for a specific proposal on the new 7E7 jetliner along with information on a potential purchase of 777s, aircraft industry sources familiar with the matter said.
  • HK, Changi passenger traffic down in Feb
  • Delta president to join Virgin's US project
  • China's TravelSky posts 47% fall in profits
  • China Airlines neglected tests on crashed plane
  • Log Book
Liner Scene
  • The significance of Mr Tanker's foray into box liner business
    THERE has been a fascinating development at P&O Nedlloyd since it was announced that the Anglo Dutch container shipping giant would be spun off, and that in the process P&O would dramatically reduce its stake.

Sched Netweb site
  • Hong Kong's cargo throughput up 10pc in Q4 2003
  • Cosco launches direct service to Long Beach
  • Singapore's throughput up 7.7pc in February
  • China, Indonesia trade to reach US$15B in 2005
  • Chongqing river port capacity to rise
  • HK, Malaysia reach air services agreement
  • Delta president headed to Virgin
  • Frankfurt posts record numbers in February
  • Butterfield promoted at UA

Exim Indiaweb site
  • IPBCC announces westbound rate restoration
  • Shipments of non-traditional items through Kolkata Port rise by 8 per cent
  • Iron ore cargo should act as catalyst for chartering ships at Chennai Port, says Joseph
  • Varun Shipping plans rights issue
  • Poultry industry clucking again with orders galore pouring in
  • India, Pak may join hands against EU curbs on basmati
  • Tea industry brewing plans to tap Pak market
  • EU lays down new anti-dumping rules for better transparency
  • Pak keen to buy rice plants from India
  • Mumbai Port's box terminal project evokes lukewarm response - MbPT likely to extend bid date
  • IA, Singapore in talks over JV for ground facilities
  • CONCOR may opt for joint venture route to manage ICD-Birgunj
  • Commercial credit growth up by 49.5 pc, highest in a decade
  • EOUs demand all of SEZ concessions
  • Industrial subcontracting has vast potential: Official
  • Wheat exporters limit purchases as govt dallies on policy guidelines
  • IDBI may provide $ 500-m ECB window for textile units' revamp
  • Industrial output grows 7.4 pc in January
  • GDP growth rate may soar to 9 pc in 2003-04, calculates CMIE
  • WTI plans Alumni Day on March 19

The Bunker Bulletinweb site
MARCH 12, 2004
  • IFO180 premium stretched as players acquire cutter stock
    Singapore players that reported steady upsurge in enquiries for prompt supply from the begining of the week continued today.
  • Indian supplier expands facilities
    M/S Global Fuels & Lubricants Inc announced today that it has expanded its infrastructural facilities by introducing a new barge to operate on the Western Coast of India.
  • Rotterdam stable this morning
  • High bunker prices prompt 'K' Line forecast revision
    Higher than expected bunker prices in the fourth quarter fundemental in revision.

Maritime Global Netweb site
MARCH 12, 2004
  • NOL denies acquisition talks
  • Torm profit surges in 2003
  • Brussels committee gets more power
  • ISS in new take-over

Marine Logweb site
MARCH 12, 2004
  • U.S. salvors seek passage of stalled regs
    Needed to create improved response capability

World Wide Shipperweb site
MARCH 12, 2004
  • Portland District nets $194 million in president's 2005 budget request
  • Rail freight traffic up in most areas for February
  • CBP boss nets honor for government excellence
  • Bellingham Coast Guard Station receiving new cutter SEA LION
  • Stelmar Shipping receives two more double-hull tankers

Lloyd's Listweb site
  • ILO urged to delay biometric ID deal
    PLANS to bring in biometric identification for more than a million seafarers worldwide are facing a huge hurdle, with the UK recommending that the International Labour Organisation puts on ice a tripartite agreement that has taken two years to negotiate.
  • Princess Royal thanks Lloyd's for charity work
    HER Royal Highness, The Princess Royal paid tribute to Lloyd's of London for its work with Save the Children at a reception at the Lloyd's building in Lime Street, London.
  • Festival prepares to reveal identity of mystery white knight
    GENOA-based cruiseship operator Festival Cruises is preparing to play what promises to be its final hand in its battle to save itself from collapse. This is in the form of a new rescue plan backed by Greek and Italian banks and an investor whose identity is still unknown.
  • Wallenius plans new generation of giant car carriers
    SWEDEN'S Wallenius Lines is preparing to introduce a new generation of pure car and truck carriers, with a series of five ships to be lengthened into the biggest such ships ever built.
  • Propulsion hitch forces Celebrity reshuffle
    Celebrity Cruises intends to swap the itineraries of two sister ships, the Infinity and the Millennium , due to propulsion problems on the former, the operator has announced, writes Rob McKay.

Fairplayweb site
MARCH 12, 2004
  • Key West takes on cruise sector
    RESIDENTS of Key West, Florida are protesting against the island's ever-rising flood of cruise visitors, with the group 'Livable Old Town' organising a parade of horn-honking cars that winded through the city's historic port area this week
  • Cruise fears grows after Madrid bombing
    THE possibility of Al-Qaeda involvement in yesterday's bombings in Madrid is raising concerns in the US about an impact on the cruise business in general
  • P&O in livestock discussions
    P&O is consulting with lawyers in Dublin to identify the period it needs to consult with its customers before it stops carrying livestock
  • Dutch shipbuilding: sunset industry
    DUTCH economic affairs minister Laurens Jan Brinkhorst says shipbuilding is a sunset industry that should not receive yard subsidies
  • Mississippi collision: hearings end
    THE hearing into the collision between the Zim Mexico III and an offshore supply boat ended yesterday in finger pointing by lawyers representing the vessels
  • New buoys for Port-au-Prince
    NEW buoys and other aids to navigation are being installed in the Port-au-Prince channel to help normalise ship traffic to and from Haiti
  • Spain fears for cruise trade
  • Italy defies Messina decision
  • Jamaica upgrades protect trade
  • Terror focus for Superferry probe
  • Festival claims plan is accepted
  • NOL scotches take-over talk
  • Canberra to test karnal bunt wheat
  • French fly out to Seattle Trader
  • SSW head Jahncke slams Bremen
  • THC list still needs clarification

The Journal of Commerceweb site
MARCH 12, 2004
  • Terror attack kills 11 at Israel port
    Bombings at heavily-guarded Ashdod first port attack amid Israeli-Palestinian violence.
  • Senate boosts funds for port security
    Budget amendment for homeland security adds $275 for port security grants.
  • Loss for Hyundai Merchant Marine
  • Coast Guard gets $7.9B in funding
  • Port of LA approves revised settlement in terminal suit
  • CN presents improved offer to striking union
  • Trans-Pacific lines to discuss terminal handling charges
  • Maersk unit expected to manage India terminal
  • Canada's Fraser port expands capacity
  • Plans set for Denver multimodal hub
  • Interpool completes $80 million in new financing
  • Coast Guard unit returns from Kuwait duty

Containerisation Internationalweb site
MARCH 12, 2004
  • Port reaches settlement with LA residents on CSCL terminal
    Port of Los Angeles (POLA) reached an agreement in principle with environmentalists yesterday that paves the way for the stalled new China Shipping Container Lines (CSCL) terminal to start operations.
  • Carriers eye cargo-windfall from cancelled Maersk service
    The cancellation of Maersk Sealand's (MSL) Liverpool Express has left other carriers assessing the potential for a cargo-windfall from the cancelled UK-Med service.
  • Carriers ready to debate THCs with Asian shippers
    Pacific shipping lines have formally entered into discussions with shipper organisations over the imposition of terminal handling charges (THCs) the Transpacific Stabilization Agreement (TSA) announced yesterday.
  • CN puts 'enhanced offer' to striking union
  • Republicans rebel over 2005 seaport funding
  • River-traffic boosts HK to higher-than-expected 2003
  • HK immigrant smugglers thwarted
  • San Antonio posts strong 2003 results
  • April launch date set for CMA CGM's latest intra-Europe loop
  • Vancouver's neighbour boosts annual capacity
  • German rail expands Frankfurt box facility
  • Cape Town cranks up productivity-drive
  • Conliner reorganises Rotterdam connections

TradeWindsweb site
MARCH 12, 2004
  • Viken orders two aframaxes at Samsung
    Newbuilds backed by long-term charters to TotalFinaElf.
  • European Vision sale go ahead
    Festival Cruises hopes for deal with banks as Galbriath's moves to auction ship.
  • BMI up and running again by May
    Bankrupt US shiprepairer finally sold to investment firm plotting a renaissance.
  • Ukrainian ports support Blasco
    National port authority to contribute to fund designed to revive shrunken liner operator.
  • Moby buys into Strade Blu's ro-ro plan
    Italian ferry owner snaps up stake in compatriot owner's coastal terminal subsidiary.
  • Korea opens the door to foreign crews
    Domestic labour shortage means work opportunities on Korean coastal vessels.
  • STX profit dips in 2003
    Korean shipbuilder drives up revenues, but can't match 2002's earnings.
  • Another two for Stelmar
    Brace of new tankers keeps company on course.
  • OMI forecasts growing profit in first quarter
    US tanker owner predicts doubling of earnings per share to 31 March.
  • NYK denies 'Spring Drake' link
    Japanese giant claims victim of mistaken identity in pollution case.
  • CSAV doubles its money
    Chilean container line Compania Sud Americana de Vapores enjoyed a strong 2003.

American Shipperweb site
MARCH 13, 2004
  • NOL denies imminent acquisition as stock price falls
  • P&O Nedlloyd turned down takeover offer
  • Mixed financial results at Hyundai Merchant Marine
  • Transpacific lines seek to clarify basis of THCs
  • Southwest Airlines Cargo adds sales managers
  • Kuehne & Nagel acquires CAT Overseas Logistics
  • Crowley Logistics adopts truck dispatch software
  • USDA's draft soybean rust import study available for comment

The Scandinavian Shipping Gazetteweb site
MARCH 12, 2004
  • Color Line orders two new ferries
    The Norwegian car/passenger ferry operator Color Line orders two new ferries at European yards with scheduled delivery in 2006 ...
  • Ferry operator in red
    Mols-Linien, the Danish ferry operator, reports a DKK 61 million (EUR 8.2 million) deficit for the financial year 2003 ...
  • Odfjell to build jack-up rigs
    Odfjell Drilling is to order a series of jack-up rigs at the Keppel Fels yard in Singapore. Such rigs ...

›››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%)
Port of Ancona, in 2023, underlines the AdSP-container traffic grew by 5%
Ancona
The Port Authority disputes the data released by the Fedespedi Studies Center
Mr vard will build five support ships in the offshore industry.
Trieste
Designed to accommodate up to 190 people, they will be carried out in Vietnam
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
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