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05 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
May 12, 2006
The Business Timesweb site
Shipping News
  • Patrick 1st half profit rises 8.2% on ports growth
    PATRICK Corp, acquired by Toll Holdings Ltd after a battle for dominance of Australia's freight market, said first-half profit rose 8.2 per cent as earnings from ports jumped.
  • Kawasaki Kisen and Mitsui OSK expect profit fall
    MITSUI OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second- and third-largest shipping firms, yesterday forecast larger than expected profit declines for this business year.
  • Nippon Yusen, Yamato in business, capital tie-up
    NIPPON Yusen KK, Japan's biggest shipping line, and leading parcel delivery group Yamato Holdings Co said on Wednesday that they would form a capital tie as part of a sea, air and land transport alliance.
  • Precious Shipping's Q1 profit falls 51% on fuel, rates
  • Blast, fire hit Philippine oil tanker under repair
Admiralty Casebook
  • No blanket exemption from rules in ship collisions: court
    NOTHING in the International Regulations for the Prevention of Collisions at Sea provides a broad or blanket exemption from the rules for any situation at sea on the basis that it is a special circumstance, a US appeals court ruled on Monday.

The Business Timesweb site
Shipping News
  • Patrick 1st half profit rises 8.2% on ports growth
    PATRICK Corp, acquired by Toll Holdings Ltd after a battle for dominance of Australia's freight market, said first-half profit rose 8.2 per cent as earnings from ports jumped.
  • Kawasaki Kisen and Mitsui OSK expect profit fall
    MITSUI OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second- and third-largest shipping firms, yesterday forecast larger than expected profit declines for this business year.
  • Nippon Yusen, Yamato in business, capital tie-up
    NIPPON Yusen KK, Japan's biggest shipping line, and leading parcel delivery group Yamato Holdings Co said on Wednesday that they would form a capital tie as part of a sea, air and land transport alliance.
  • Precious Shipping's Q1 profit falls 51% on fuel, rates
  • Blast, fire hit Philippine oil tanker under repair
Admiralty Casebook
  • No blanket exemption from rules in ship collisions: court
    NOTHING in the International Regulations for the Prevention of Collisions at Sea provides a broad or blanket exemption from the rules for any situation at sea on the basis that it is a special circumstance, a US appeals court ruled on Monday.

Sched Netweb site
  • China to build 2 new port clusters
  • OnePort 'fiasco' losing HK$20m annually
  • E R Schiffahrt newbuild to be chartered by Cosco
  • Singapore seeks to cement economic ties with EU via FTA
  • FedEx sets up subsidiary in Nanjing
  • China aircraft numbers expected to double by 2011
  • Indian airlines looking to cash in from air cargo business
  • EVA Airways Q1 profit drops

Exim Indiaweb site
  • Allcargo Global Logistics opens own offices in Ahmedabad, Hyderabad & Ludhiana
  • Reliance plans shipping registry in Navi Mumbai SEZ
  • EU urges docked ships to use shore-side power to control pollution
  • India, Korea trade leaps by 50 pc in Jan.-March
  • Int'l symposium on air traffic in Dubai on Sept. 18-19
  • Airbus to redesign A350 aircraft
  • Rlys may ask DSP to supply more of rolling stock needs
  • C. Rly introduces 3-pronged strategy to lure more freight
  • IATA upset with hike in RNFC
  • An area of dispute goes
  • SEZ status for STPs ruled out
  • Manufacturing sector exports show excellent growth, finds Ascon study
  • Kamal Nath to seal biz cooperation deal with Poland
  • Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
  • Interactive meeting with Angolan Minister at IMC
  • BCHAA helps beef up security in Nhava Sheva

Maritime Global Netweb site
MAY 11, 2006
  • Good diet makes for safer ships, P&I Club says
  • Yangshan to cut port fees
  • Vietnamese yard sets seal on US$1bn deal
  • Farstad Shipping enjoys good first quarter

World Wide Shipperweb site
MAY 11, 2006
  • Port of Vancouver USA Commissioners approve purchase of giant mobile crane
  • Transportation Security Administration pulls plug on Aramex, Inter-Shipping
  • Concessions offerings expanding at Portland International Airport
  • Portland port board Oks Rivergate land sale to OMS
  • Celebrity Cruises cancels Alaska cruise of vessel SUMMIT

Lloyd's Listweb site
  • Debate still rages over coastal state vessel monitoring
    PROPOSALS driven by the US to grant coastal states jurisdiction over monitoring ships that do not call have moved forward at the International Maritime Organization, but the permitted range remains a matter for heated debate.
  • China to build 18 tankers for PDVSA
    VENEZUELAN oil giant PDVSA has signed an agreement with Chinese shipyards to build 18 tankers for $1.3bn.
  • Angelopoulos bulkers bagged by Quintana
    Quintana Maritime has clinched a much-rumoured takeover of Theodore Angelopoulos' dry bulk fleet, with an announcement of the deal expected as early as today, Lloyd's List can confirm.
  • Nuclear row may deter investors in Iran's vital shipbuilding project
    IRAN requires a massive investment in shipping at a time when foreign sources of funds may be deterred by the country's nuclear dispute with the West.
  • IMO urged to act on lessons from Star Princess
    Lessons from the recent fire onboard the Star Princess cruise ship, which left one passenger dead, have been singled out by the UK for immediate global implementation, ahead of the determination of the cause of the fire.

Fairplayweb site
MAY 11, 2006
  • NOL profits down nearly 40%
    SINGAPORE listed liner and logistics giant Neptune Orient Lines has reported a near 40% drop in net profit for 1Q06 as rising fuel costs cut into net income
  • Philippines: typhoon Chanchu awaited
    TYPHOON Chanchu is reported to be approaching the Visayas (central Philippines) from the southeast and will make landfall tomorrow morning
  • Navy aids Karachi yard recovery
    PAKISTAN has abandoned plans to privatise Karachi Shipyard and will instead place it under the defence ministry to help revitalise the country's shipbuilding industry
  • TBS blames fall on Katrina
    TBS International, the bulk-to-breakbulk vessel operator, blamed Hurricane Katrina and a massive rise in the cost of bunkers for a 55% slump in first quarter net profit
  • Iraq unveils refinery plans
    IRAQ has unveiled plans to set up three more oil refineries in a bid to overcome crunching petrol shortages and combating thriving oil smuggling
  • Builders' risks clauses in revision
    LLOYD'S revision of its shipbuilders' risks clauses, prompted by spiralling claims as newbuildings increase in value, is expected by the end of the year
  • Welders killed in bunker vessel blast
  • Double duty for Top's Pistiolis
  • Food for thought
  • Toll assumes control of Patrick Corp
  • Russia responds to export incentive
  • Jamaica: congestion surcharge
  • Lauritzen Cool expands in the Med
  • MISC profit falls from peak levels
  • RCCL pod plague continues

The Journal of Commerceweb site
MAY 11, 2006
  • TSA to unveil port worker ID rules
    The federal agency said it will publish long-awaited proposed rules for the Transportation Workers Identification Credential in next few days.
  • EU offer could end fight over U.S. subsidies
  • Increase for first-quarter intermodal box volume
  • NOL profits off on higher fuel, inland costs
  • MOL gains despite fuel costs
  • "K" Line net improves
  • Zim opens Asia-Gulf service
  • Caribbean ocean carriers raise fuel surcharge
  • FedEx hopeful on pilot deal

Containerisation Internationalweb site
MAY 11, 2006
  • Maersk and COSCO rumoured to be Tianjin's Beigangchi partners
    Masersk Group and COSCO have emerged as the probable partners of IPO candidate Tianjin Port Development Holdings in Beigangchi after signing a port development deal with the Tianjin Government yesterday.
  • Shanghai's Yangshan Port slashes transhipment rates
    Shanghai International Port Group has reduced its transhipment rates by 22% for International/China costal cargo, and by 53% for Yangtze River cargo starting today.
  • Indonesian owners want further port concentration
  • Japanese ocean carriers warn on freight-rates and costs
  • Hyundai Fortune up for sale
  • St Petersburg's PetroLesPort in new client negotiations
  • Rotterdam Port Alderman post passed to de Boer
  • Chiwan throughput up 19% for January-April
  • Yang Ming's FMS to call at Pasir Gudang, Songkhla and Laem Chabang

TradeWindsweb site
MAY 11, 2006
  • More Irish Sea strife
    UK ratings are warning Stena Line over Polish crew on a new Holyhead-Dublin ferry.
  • 'Let's bomb an LNG ship'
    A US politician says one energy major is proposing a rather direct test of the vulnerability of LNG carriers to terrorism.
  • 'Filthy ferry' targeted
    An Egyptian ro-ro owner is the latest shipowner to fall afoul of French prosecutors at Brest.
  • Second registry for India?
    Refinery mogul Mukesh Ambani is trying to put together an Indian second flag based in Mumbai's Special Economic Zone.
  • Bunkers hurt Thoresen
    Thoresen Thai Agencies recovers from a first-quarter slump but second quarter sales and earnings are still down on the year-ago figure.
  • Top profit soars
    Evangelos Pistiolis diversifies into real estate as his tanker venture's profit rises more than 50%.
  • Ray deal worth a billion
    Vietnam's state shipbuilder Vinashin says its newbuilding deal with Ray Car Carriers of Israel is worth $1bn.
  • DryShips at a discount?
    George Economou vehicle accepts possibility of issuing stock at below market price as it unveils piecemeal share sale.
  • NOL leaks fuel costs
    Bunker costs drain Neptune Orient Lines (NOL)'s first-quarter profit in a 'more challenging operating envinronment'.
  • Tanker explodes in Philippines
    Two yard workers hurt after incident on board products carrier.
  • K Line reaches record high
    But Japanese giant aided by one-off impairment charge in previous year, while fuel costs hit operating margin.
  • Daiichi to a tee
    Daiichi Chuo Kisen Kaisha of Japan hits forecasted revenue and income on the button but issues profit warning for next year.
  • Shinwa Naiko upbeat
    Japanese coastal bulker operator's annual profit falls, but forecast better for current year.
  • Farstad flies
    Tonnage availability leaps 10% in the North Sea but fails to dampen results for Norwegian owner.
  • Torm figures above norm
    Torm of Denmark calls first-quarter performance "quite an achievement" as profit from vessel sales missing in the period.
  • Wilson halves profit
    Voyage expenses, finance costs and weaker freight rates all send Norwegian bulker player Wilson's profit south.
  • Oglebay Norton cutting losses
    Great Lakes bulker owner's performance improves in first quarter as it seeks buyer for fleet.
  • Shinwa sinks
    Japanese tanker and bulker owner's annual profit slashed, but predicting better things this year.
  • Good times for Iino
    But how long will it last, as company predicts near-40% decline in profits this year.
  • A baker's dozen
    Australian authorities detained thirteen ships in April for failing port state control inspections.
  • MOL defies bunker costs
    Japanese shipowner posts 15.7% increase in full-year results despite difficult trading environment.
  • TBS profits plummet
    US-listed tweendecker specialist's first quarter spanked by high bunker costs.
  • Rate decline hits Precious
    Thai bulker player sees first quarter net profits more than halve as charter rates drop by 35%.
  • Summit out of action
    Celebrity Cruises cancels seven night Alaskan voyage after ship's starboard thruster suffers defect.
  • It could work...
    Two analysts both give highly provisional nods to potential Quintana-Metrostar deal while waiting for the devil in the details.

American Shipperweb site
MAY 11, 2006
  • APL's profits slip 39% in 1st quarter
  • Japanese carriers report profits
  • Conferences to lift Panama Canal transit fees
  • WITASS to reinstate Jamaican congestion surcharge
  • Cathay's cargo up 3.8% in April
  • BNSF chief says railroads need investment tax credit
  • Avramovich joins KCS from DHL
  • Toll gets control of Patrick
  • DP World waits for second bite at U.S. market

The Scandinavian Shipping Gazetteweb site
MAY 11, 2006
  • North sea lifeboats not up to required standard
    Free-fall lifeboats used on the North Sea oil and gas platforms are not up to required standards. In short ...
  • Polish vessel blamed in the "Vertigo" collision
    The Polish bulk carrier "Ziemia Lodzka" gets most of the blame for the collision with the Jamaican-registered "Vertigo" in ...
  • Seafarers' eating habits a safety risk
    North of England P&I club has come to be one of the first to develop dietary recommendations for seafarers ...

The Bunker Bulletinweb site
MAY 11, 2006
  • Bunker fuel boosts Chile exports
    Increasing price and volumes for first quarter reported.
  • Bominflot strengthens Indian presence with physical position
    Bominflot will be offering physical deliveries in Kandla and Mumbai from May 15, with other ports being considered for development.
  • Bunkers take big bite out of NOL Group's Q1 result
    NOL Group and its container line APL suffer bunker setback, while rates have held up better than expected.
  • K-line: Rising bunker prices shaved $228.5 million from profit
    K-line says net profits up, but operating profit and current profit severely dented by higher fuel costs.
  • Another record result for World Fuel Services
    WFS off to a good 2006 start as Q1 net income doubles from a year earlier.
  • Crude suppresses Rotterdam activity
  • Singapore: Distillate stocks below 5 million barrels
    Onhore stocks of middle distillates lowest on record, residual fuels also down.
  • Philippines: 2 injured in oil tanker explosion
    Two people injured, investigations underway to find out the cause of explosion.
  • Gladstone: Larcom reschedules dry-docking dates
    Gladstone supplier IBS advises that the dry-docking of its bunker barge has been rescheduled to a later date.

›››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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