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05 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
December 22, 2010
The Business Timesweb site
Shipping News
  • Baltic dry index dips to 4-month low
    The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in over four months on Monday as weaker activity on the smaller panamaxes weighed on sentiment.
  • Tankers facing delays at Chinese ports
    Supertankers that ship two million barrel cargoes of crude oil face delays at Chinese ports, potentially lowering vessel supply in the Persian Gulf, said Per Mansson, managing director of Nor Ocean Stockholm AB.
  • Sea Asia 2011 back with regional heavyweights
    As the centre of power gradually moves eastwards in the shipping world, industry players will be grappling with the region's role at next year's Sea Asia event in April.
  • Russian sub recalled from sea trials
Strait Talk
  • A rearguard action over leasing
    THE shipping industry is up in arms about what most people will regard as a remarkably arcane issue, but one of great importance to shipowners and charterers. Earlier this year, the International Accounting Standards Board (IASB) completed some 15 years of work and published proposals for a new accounting standard for leases.
Shipping Times
  • Eurostar passengers hit as snow delays trains
    Thousands of rail passengers queued for hours in the bitter cold in London on Monday as snow and ice caused long delays to Eurostar trains linking Britain with France and northern Europe through the Channel Tunnel.
  • UK moves high speed rail route after residents protest
    The government published its preferred route for a high-speed rail line between London and Birmingham on Monday, saying it had made alterations to half of the route to meet concerns of residents and conservation groups.

The Business Timesweb site
Shipping News
  • Baltic dry index dips to 4-month low
    The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in over four months on Monday as weaker activity on the smaller panamaxes weighed on sentiment.
  • Tankers facing delays at Chinese ports
    Supertankers that ship two million barrel cargoes of crude oil face delays at Chinese ports, potentially lowering vessel supply in the Persian Gulf, said Per Mansson, managing director of Nor Ocean Stockholm AB.
  • Sea Asia 2011 back with regional heavyweights
    As the centre of power gradually moves eastwards in the shipping world, industry players will be grappling with the region's role at next year's Sea Asia event in April.
  • Russian sub recalled from sea trials
Strait Talk
  • A rearguard action over leasing
    THE shipping industry is up in arms about what most people will regard as a remarkably arcane issue, but one of great importance to shipowners and charterers. Earlier this year, the International Accounting Standards Board (IASB) completed some 15 years of work and published proposals for a new accounting standard for leases.
Shipping Times
  • Eurostar passengers hit as snow delays trains
    Thousands of rail passengers queued for hours in the bitter cold in London on Monday as snow and ice caused long delays to Eurostar trains linking Britain with France and northern Europe through the Channel Tunnel.
  • UK moves high speed rail route after residents protest
    The government published its preferred route for a high-speed rail line between London and Birmingham on Monday, saying it had made alterations to half of the route to meet concerns of residents and conservation groups.

The Business Timesweb site
Shipping News
  • Baltic dry index dips to 4-month low
    The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in over four months on Monday as weaker activity on the smaller panamaxes weighed on sentiment.
  • Tankers facing delays at Chinese ports
    Supertankers that ship two million barrel cargoes of crude oil face delays at Chinese ports, potentially lowering vessel supply in the Persian Gulf, said Per Mansson, managing director of Nor Ocean Stockholm AB.
  • Sea Asia 2011 back with regional heavyweights
    As the centre of power gradually moves eastwards in the shipping world, industry players will be grappling with the region's role at next year's Sea Asia event in April.
  • Russian sub recalled from sea trials
Strait Talk
  • A rearguard action over leasing
    THE shipping industry is up in arms about what most people will regard as a remarkably arcane issue, but one of great importance to shipowners and charterers. Earlier this year, the International Accounting Standards Board (IASB) completed some 15 years of work and published proposals for a new accounting standard for leases.
Shipping Times
  • Eurostar passengers hit as snow delays trains
    Thousands of rail passengers queued for hours in the bitter cold in London on Monday as snow and ice caused long delays to Eurostar trains linking Britain with France and northern Europe through the Channel Tunnel.
  • UK moves high speed rail route after residents protest
    The government published its preferred route for a high-speed rail line between London and Birmingham on Monday, saying it had made alterations to half of the route to meet concerns of residents and conservation groups.

Sched Netweb site
  • ZIM charters Jiangsu's 4,250-TEU
  • China's social logistics value in first three quarters near US$13.4 trillion
  • Chongqing's port throughput up 9.9 pc in the first 11 months
  • CMA CGM Figaro returns to Savannah
  • Marseilles Port sees box traffic rise 15pc in November
  • Maersk offers ad-hoc sailing to Jebel Ali to ease box backlog at India's Chennai Port
  • Shanghai's Juneyao Airlines opts for Hactl
  • SIA Cargo buys 16pc in China Cargo Airlines
  • Chaos at Heathrow to carry on for days

Exim Indiaweb site
  • SCI CIL ink MoU to form JV for import of coal
  • 6 boxships call at NM Port in 4 days, handles 2,173 TEUs
  • APM Terminals Global CCO interacts with customers
  • China to help develop new port in Bangladesh
  • BCHAA organises 2 blood donation camps
  • Fieo seeks separate chapter on exports in new credit policy
  • Mumbai: Births drop; deaths rise in a decade
  • No FTA with China before bridging trade gap
  • Onion exports banned till Jan. 15
  • IMF plans fund to improve tax policy
  • Rafeeque Ahmed elected CLE chief

Marine Logweb site
DECEMBER 21, 2010
  • Algoma Central orders lake freighters in China
  • Noble orders two jack-ups at Jurong
  • Carnival optimistic on 2011 cruise outlook
  • Incat Crowther utility cat nears delivery
  • Wilhelmsen Ships Service appoints head of environment

World Wide Shipperweb site
DECEMBER 21, 2010
  • Collins Building materials available to historic property owners
  • Chinese transportation delegation visits Federal Maritime Commission
  • Federal Transit Administration funding tribal transit projects
  • International Maritime Organization making changes to fire test rules
  • Trucking association exec to head Consumer Energy Alliance

Lloyd's Listweb site
DECEMBER 21, 2010
  • Ships hit by violent robberies at Port Said
    Two documented cases reported in last few weeks, sparking fresh security fears
  • Armed guards routinely used to protect ships from pirates
  • Pirates target Asian owners for high ransoms
  • Piracy preparation begins earlier as danger zone grows
  • Algeciras dockers blocked box security checks
    WikiLeaks documents reveal how unionised stevedores failed to implement US security...
  • Why you need to know what happened inside the...
  • Maritime emissions higher than thought
    New Brussels report says shipping could be responsible for as much as 5% of global...
  • IMO divided over climate change funding
  • Sembcorp lands two jack-up rig orders from Noble worth $400m
    If options for four more units are exercised, value of contract could top $1.2bn
  • Ensco and Nexen settle force majeure dispute...

Fairplayweb site
DECEMBER 21, 2010
  • US targets IRISL insurer
    The US Treasury Department today increased pressure on Islamic Republic of Iran Shipping Lines by adding the carrier's insurer to the sanctions target list
  • Carnival sees better 2011
    CRUISE giant Carnival Corp today reported improved booking patterns for next year, as unusually harsh winter weather stokes holiday demand
  • Safmarine launches service
    SAFMARINE and its parent group Maersk have announced that they will start a new direct Far East/East Africa service early next year
  • Dolphin Tankers dissolves
    ITALY'S Dolphin Tankers has had its assets split up by its co-owners
  • US trade accords stymied
    US FREE-trade accords with Panama and Colombia are stalled short of congressional approval, but another with South Korea is progressing
  • Hugo Torrijos dies at 58
    A PRINCIPAL architect of modern Panamanian shipping, Hugo Torrijos, has died of cancer at age 58
  • Index charter appeal grows
    EXCEL Maritime has fixed seven Kamsarmax bulkers on index-linked charters, a model that has become increasingly popular over the past year
  • Two sought in smuggling of 158 migrants
  • Ultrapetrol prices convertible bond offering
  • Tanker surge powers Thai trade figures
  • Box volumes jump in northern Europe
  • Colombo's port booms
  • Boom times three seen for box ships
  • Tokyo lines act on yen shift
  • Vinashin see debt repayment in one year

The Journal of Commerceweb site
DECEMBER 21, 2010
  • Container Ship Owner, Operator Pay Whale Fines
  • Food Safety Bill Awaits Final Passage
  • Hainan Adds Call at Port of Oakland
  • House Approves Diesel Emissions Bill
  • Charleston TEUs Grew 12.6 Percent in November
  • Business Roundtable Names Engler President
  • STB Fines CN Over Chicago Street Blockage Reporting
  • Ryder Acquires Southern Calif. Leasing Company
  • Hamburg Freezes Port Dues
  • CN Builds First Link to Chicago Short Line
  • European Container Imports Climb 13.8 Percent
  • Obama Names Begeman to Surface Transportation Board
  • Forth Ports 2010 Container Volume Falls 7 Percent
  • ANA, Hawaiian Airlines to Start Cargo Code-Share
  • FedEx Expects Strong Inventory Restocking

Containerisation Internationalweb site
DECEMBER 21, 2010
  • Nigerian ports face strike action
  • Somali pirates seize bulker: 'solution lies ashore' says EU NAVFOR
  • Evergreen upgrades Mediterranean feeder services
  • Cancun leaves a shadow over shipping
  • AMP T aiming for expansion in Northern Italy

TradeWindsweb site
DECEMBER 21, 2010
  • Fulford wants a clean-up
    Richard Fulford-Smith demands a crackdown on address commissions as part of shipbroking shake-up.
  • Little fire damage for Carnival
    Carnival Splendor blaze can't stop rise in fourth quarter profit at Micky Arison-led cruise giant.
  • Aegean tanker held in the UK
    Greek owner's bunkering tanker catches the eye of UK authorities as slack fire drills contribute to detention.
  • Refund guarantees survive takeovers
    Korean insurer ordered to return $32m to Jan de Nul after yard bankruptcy.
  • Kamsarmax deals boost orderbook
    Owners bulk up on big panamax newbuildings in hope of port infrastructure bonanza.
  • Damen goes ferry green with Doeksen
    Kommer Damen-led shipyard and Dutch owner team up on environmentally-friendly design for ferries.
  • Excel in indexed period charters
    New York listed bulk carrier owner fixes seven kamsarmaxes on year long deals.
  • Oz hat-trick for Farstad Shipping
    Oslo-listed shipowner nets a trio of charters worth upwards of $280m with Chevron and ConocoPhillips.
  • SeaZip books first orders
    VeKa Shipbuilding to build four wind farm support cats for Sander Schakelaar and JR Arends start-up
  • Small bulkers in vogue
    Japan's November newbuilding intake dominated by smaller bulker sizes, latest industry figures show.

American Shipperweb site
DECEMBER 21, 2010
  • Maersk adds calls to Asia/E.Africa loop
  • Maersk drops Halifax, Le Havre on TA4 loop
  • UPS's Stoffel retires
  • McClimon takes wheel at Central Transport
  • Ryder buys Carmenita Leasing
  • Texas Aid Network draws truckers
  • Pfizer recalls drug over odor
  • CargoWise scores Geodis Wilson business
  • U.S. soy flour load heads to Afghanistan
  • Spyrou heads Shipco's China air freight
  • Griffin Global Logistics expands in Bay Area
  • Europe ports see "toned down" 2011
  • N.C. pushes dredging study for Wilmington port

The Scandinavian Shipping Gazetteweb site
DECEMBER 21, 2010
  • Bulk carrier seized off the Seychelles
    The Panama-flagged bulk carrier Orna has been hijacked some 400 nautical miles North East of the Seychelles. The attack was carried out by two skiffs and when they approached
  • Released crew member treated in Djibouti
    The crew member of the hijacked tanker Hannibal II, who was released by pirates some days ago, is now being treated at Bouffard Hospital in Djibouti for suspected appendicitis

The Bunker Bulletinweb site
DECEMBER 21, 2010
  • Prices firm across Middle East
    Sources reported that suppliers in Fujairah had ample product inventories and barge capacity.
  • Aegean tanker detained in UK port
    Maritime and Coastguard Agency say '11 deficiencies' were identified.
  • Rotterdam bunker market firms
    Supply of 180 cSt product remains an issue in Gibraltar, according to sources.
  • St. Petersburg market handling icy conditions
    Tugs take bunker barges in tow.
  • Video launched for 'Clean Shipping Index'
    Explains how cargo owners can use on-line tool to make 'informed sustainable choices' when picking shipping companies.
  • Ice disrupts bunkering in Hamburg
    Barges can't get to the vessels because the water is frozen.
  • 'Strong competition' for Middle East fuel oil cargo
    Asian market expected to remain 'tight'.
  • Bunker prices generally firm in Asia
    Mixed demand at key Asian bunker ports on Tuesday, traders say.
  • Singapore company invests $20 million for bunker tanker newbuilds
    Bunker tankers due to be delivered from Q1 2012 onwards.
  • Bunker ops resume in South Korean port
    Hyundai Oilbank resumes bunkering in Daesan.
  • IFO avails 'still tight' in Karachi
    Higher demand from power plants cuts avails for bunker sector.
  • Sinopec Zhoushan starts business in Zhangzhou and Huangpu
    Providing 380 cSt bunker fuel.
  • Wärtsilä reports fresh order for dual-fuel vessel
    In case of interruption to gas supply, engines will automatically switch to diesel without loss in power output.

›››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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