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Independent journal on economy and transport policy
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BRIEFS
October 14, 2011
The Business Timesweb site
Shipping News
  • Hurricane Jova hits Mexico's main Pacific port
    Hurricane Jova flooded the streets of Mexico's main Pacific port with torrential rain on Wednesday, inundating popular beach resorts and killing at least four people in mudslides.
  • Bold bid to pump oil from listing ship
    A salvage crew yesterday made a daring landing on a crippled container ship leaking oil off New Zealand, as the vessel's owners apologised for the country's worst sea pollution crisis.

Sched Netweb site
  • LA September container imports decline 0.16pc, but exports up 26.6pc
  • Rena's oil hits NZ beaches, ship's break-up averted as seas calm
  • OOCL updates additions, subtractions in Grand Alliance winter programme
  • Reliability improves on Asia routes in peak season, says SeaIntel
  • China hires lobbyist to help defeat US currency bill to force RMB float
  • Wal-Mart says: Keep pricing low and stop freight rate volatility
  • Hamburg Sud names sixth 7,100-TEU ship the Santa Rose
  • Transport law firm Norton Rose sees restructuring, insolvency for majors
  • Wuhan to build Yangluo port area to serve middle and upper Yangtze
  • Singapore's Infocomm Development Authority signs deal with Brazil ports
  • New Delhi urged to exempt Vallarpadam box shop from strict cabotage law
  • Saudi Arabia gives go-ahead to Red Sea-Persian Gulf landbridge railway
  • London Gateway to open in 2013 with kick-off capacity of 1.6 million TEU
  • India upgrades with Allcargo purchase of e-RTGs in Mumbai, Chennai
  • DHL Express launches weekly Bangalore-Leipzig freighter service
  • Lufthansa: High Court Frankfurt night flight ban will kill air cargo
  • Cathay commends Hong Kong chief executive's vow to enhance logistics
  • Hong Kong's AAT airport volume off 7pc to 57,209 tonnes in September
  • UPS extends electronic customs clearance offer to air cargo customers

Exim Indiaweb site
  • Bad vibrations lead to costly dispute for shipmanager
  • ICS says CO2 compensation fund could help ports adapt to climate change
  • Idling tankers projected to touch 2-decade high
  • MALA 2011 again raises the bar for industry awards
  • Piracy issue back on maritime agenda
  • Transworld Group bags 3 prestigious awards at MALA 2011
  • Coffee exports surpass $ 1 bn milestone in 2010-11
  • Exporters peeved by high global cotton output estimates
  • Exports up again in September, but deceleration on
  • Govt must provide more fillip to exports despite odds: Fieo
  • New drawback rates will benefit leather industry: CLE
  • Planning for retirement? Think deeply
  • Stop India & China abusing subsidies to boost exports: US

International Transport Journalweb site
OCTOBER 13, 2011
  • Gefco opens overland transport branch in Stuttgart
    Gefco Germany is continuing its expansion strategy and opening a new branch for overland transport in Stuttgart (Germany). On an area of 1,200 sqm the new site offers transport ser...
  • Czech Railways orders 16 Railjets from Siemens
    Siemens Mobility has received a EUR 200 million order from the Czech railway company Ceske Drahy (CD) for the delivery of 16 seven-car Railjet trains. This order involves an option...
  • ITG and Bosman start Munich-Belgium truck services
    ITG and the Dutch logistics company Wim Bosman now offer regular direct truck transportation between Munich and Belgium. This new relation comprehensively connects Belgium and Luxe...
  • FedEx Express launches new intra-India service
    FedEx Express, a subsidiary of the FedEx Corp, has launched FedEx Economy, an intra-India, door-to-door, day-definite express delivery service for ground consignments. With this la...
  • Locos upgraded for European rail freight services on High Speed 1
    DB Schenker Rail (UK) is to upgrade five class 92 locomotives for rail freight operations on High Speed 1, as it continues with its plans to introduce regular services on Britain's...
  • Würth Logistics accompanies warehouse project in Sweden
    The intralogistics team of Würth Logistics from Chur (Switzerland) was chosen in September to carry out the detailed planning and implementation of a new major project for the Swed...
  • Gebrüder Weiss expands air and sea management team
    Vojislav Jevtic has assumed the management of global product management seafreight and management project logistics and breakbulk at Weiss brothers as of 1 October. Born in Hamburg...
  • Fesco and BLG Logistics establish joint venture
    The BLG Logistics Group and Fesco have established a joint venture to develop comprehensive logistics solutions for the Russian automotive industry. The initial investment is EUR 1...
  • Damage of at least EUR 50 million from Waldhof disaster
    The river Rhine near St Goarshausen was closed for a total of 33 days due to the Waldhof disaster. The damage amounts to approximately EUR 50-55 million. Experts took about five mo...
  • EU-Russia aviation summit: normalisation and liberalisation
    At the EU-Russia aviation summit, which started yesterday in St Petersburg, European airport trade body ACI Europe denounced the lack of progress in normalising aviation relations ...
  • Boeing opens China service centre in Beijing
    Boeing this week opened a new service centre in Beijing, to provide enhanced product support to China's growing commercial aviation industry. It comprises highly-qualified pilots a...
  • Short-term night-flight ban in Frankfurt
    Just one and a half weeks before commissioning a new runway, a German administrative court has imposed a night-flight ban on Frankfurt airport. According to the planning decision f...

World Wide Shipperweb site
OCTOBER 13, 2011
  • Port of Portland Commission Oks industrial land purchase
  • Port of Everett supports newly-passed free trade deals
  • Corps closing Ballard locks for routine maintenance
  • Sea-Tac Airport marks arrival of Cargolux 747-8 freighter
  • Commerce Department report finds US exports drop during August

Lloyd's Listweb site
OCTOBER 13, 2011
  • DP World's London share listing disappoints
    Analysts point to limited free float as root of the problem
  • South-South trade can be win-win for dry bulk investors
    The new so-called Southern Silk Route is among a number of reasons to be cautiously cheerful in distressed dry bulk circles
  • Greek dry bulk spending halved in first nine months
    Canny owners play waiting game as bulker prices head downwards
  • Fincantieri's struggling Sestri Ponente yard seals $68m state aid
    Genoa port authority reported to be adding further funds
  • Shale gas poised to boost American coal exports
    The US could become the world's swing producer of coal, but only when its miners increase production
  • VLCC prices continue nosedive
    Falling values for secondhand VLCCs will lead to more owners considering the scrapping option
  • Greek bulker owners 'more optimistic' than Asian counterparts
    But fragmented industry has to discipline itself, Marine Money conference in Athens is told
  • Shipping must communicate now
    Protection of brand value and a strong communication ethos can make a company attractive to public and private equity
  • Faster than the speed of spin
    Artful words and a pledge such as that used to advertise Daily Maersk seem to lift us out of the realm of the possible
  • Weak spot market takes shine off Fairstar
    Third quarter loss hits $2.6m, but strong position anticipated for next year
  • Teekay has the financial clout and market scope for deal
    Alliance could bring expansion on a wholesale basis
  • Sevan set to reap benefits of having Teekay as a partner
    History of rescue deal reveals clues as to future game-plan
  • Product tanker values could fall by a fifth if global economy slumps again
    Under a 'stress scenario' refined product trade would decrease vessel demand, says DVB Bank's research team
  • Puerto Rico officials sued over security fee
    Shippers and liner companies describe it as discriminatory and unconstitutional
  • Mediterranean product tanker rates boosted by Turkish Straits delays
    Product tankers are latest tanker segment to be positively affected by congestion
  • China export bank pitches for more European business
    Cexim has $12bn portfolio, including 80 overseas owners, but says Chinese builders losing out this year
  • Supramax rates poised for fresh 2011 record
    US Gulf-Europe route lifts Atlantic market as pet coke cargoes drive increased demand
  • Fesco and BLG form joint venture for St Petersburg car handling
    Russian auto market to become Europe's biggest, partners say
  • Venezuela drug bust marks new high in seizures
    Discovery of 478 kg of cocaine on board Bernhard Schulte-managed bulker highlights rising trend in maritime drug smuggling cases
  • Trailer Bridge receives second delisting notice
    All eyes on $82.5m bond maturity in November
  • Rena master has 'exemplary record'
    New Zealand 'found no problems' with vessel during September inspection
  • Capesize rates reach 11-month high
    Pacific round voyage tops $30,000 a day as Australia's Rio Tinto reports record iron ore production in third quarter
  • Rena's P&I insurer confirms cover is capped
    New Zealand can look to IMO but its failure to ratify recent conventions means provisions are limited
  • Albanese links Rena incident to need for shipping reform
    'Very grave error' to think that domestic shipping industry does not matter
  • New arbitration centres will take time to evolve
    While Singapore presents a challenge to London new players will have to wait their turn
  • Kanway opens service to Vietnam
    Taiwan operator betting on increased trade between southern China and Hai Phong
  • Costamare apologises to New Zealand
    Owner of Rena cites 'great regret' at anguish caused by 350-tonne spill as Tauranga port closes overnight
  • Hamworthy says orders are healthy
    UK supplier reports stable market conditions
  • Carry on regardless
    Shipping never ever throws a collective hissy fit and stops serving the global economy
  • A solid boost to trade
    Improved sentiment on both sides of the Pacific is reason to smile

Fairplayweb site
OCTOBER 13, 2011
  • Staggering Saga sells VLCC
    NORWAY'S Saga Tankers said today it has sold its second ship in six weeks and warned that it risks breaching covenants in loans
  • LNG subsidy approved
    THE EC has approved a 925M zolty ($277M) subsidy for building an LNG terminal in Poland, IHS World Markets Energy reported today
  • Wider box ship layups seen
    BOX SHIPPING companies might need to lay up vessels aggregating more than 1M teu to rebalance the market and stop the rate fall, a BIMCO analyst has warned. Wider box ship lay-ups predicted
  • Goa iron ore slowed
    IRON ORE exports through Goa, India's biggest exporter state, are being squeezed by suspension notices and orders issued against some companies for illegal mining and exports
  • VLCC value erosion cited
    THE VLCC sold today by Saga Tankers had lost more than half of its value in just 18 months, a shipping analyst pointed out today
  • Textile cargo patterns shift
    TEXTILE and apparel cargo flows into Germany have been shifting from China to other Asian countries and North Africa, a study has shown
  • Korea Line, banks plan crunch talks
    ANOTHER meeting between the receivers of the insolvent Korea Line Corp and "interested parties" is scheduled tomorrow
  • Singapore bunker prices jump
    BUNKER prices have been firming with crude at more than $100 per barrel again this week, causing Singapore prices to jump on tight supply
  • PIL nearer PST delisting
    SINGAPORE'S PIL has moved closer to its intention of delisting and privatising Pacific Shipping Trust
  • UK's WFW combines with Singapore firm
    UK SHIPPING law firm Watson Farley & Williams has entered into a venture with the Singapore firm Asia Practice
  • Indonesia might restore coal export tax
    INDONESIA could reinstate a coal export tax, which it abolished in 2006 after exporters and miners challenged the rules in court, IHS McCloskey reported today
  • Rio Tinto shipments soar
    MINING giant Rio Tinto today reported record iron ore sales for the quarter ended 30 September, as shipments gained from Western Australia's Pilbara region

The Journal of Commerceweb site
OCTOBER 13, 2011
  • J.B. Hunt Transport Profit Rises 32 Percent
    J.B. Hunt Transport Services stayed well ahead of a slowing economy in the third quarter, increasing its net profit 32...
  • DOT Chief LaHood Won't Serve Second Term
    Department of Transportation Secretary Ray LaHood said he won't stay on the job for another term, nor will he run...
  • Manufacturing Index Shows Slower Growth
    U.S. factory activity continues to grow in an unsettled economy but at a slower pace, the Manufacturers Alliance/MAPI said in...
  • DOT Freight Index Hits Three-Year High
    Freight carried by for-hire transportation providers posted a month-to-month gain of 0.4 percent in August, reaching its highest level since...
  • Rail Traffic Outpaces 2010 in Latest Week
    North America's major freight railroads hauled 2.1 percent more intermodal traffic than a year earlier in the week ending Oct....
  • FedEx Ground Opens Major North Carolina Hub
    FedEx Ground opened a $100 million sorting and distribution hub in North Carolina Wednesday that will speed package deliveries in...
  • Virginia Ports Expand Market Reach via Rail
    The Virginia Port Authority is expanding its market for discretionary container shipments into the Southeast and the Midwest through two...
  • LaHood Says Infrastructure Bill Likely by Year-End
    Transportation Secretary Ray LaHood said he thinks Congress will pass an "infrastructure program" by the end of this calendar year....
  • Japanese Container Exports to Slow, Analyst Says
    Japanese containerized cargo exports will slow to 0.2 percent in fiscal 2011, which started on April 1, after growing 9.2...
  • Hold the Shovels
    South Carolina's refusal to grant a permit to deepen the Savannah River is just a bend in the river, say...
  • Rail Peaks and Caution Flags
    North American intermodal traffic is hitting all-time weekly highs but the biggest railroads are raising caution flags about how the...
  • Prep for Fall Peak
    The rail peak season is under way for intermodal and some other cargoes, and the heads of major railroads have...
  • Analyst Says ECRI Warning Could Signal Rail Slump
    A recession forecast from the Economic Research Cycle Institute could point to a slump in rail freight volumes in coming...
  • Transplace Acquires Intermodal Marketer
    Logistics services company Transplace is expanding from its trucking base into intermodal rail by acquiring intermodal marketer Celtic International. ...
  • US Trade Deficit With China Hits Record $29 Billion
    The U.S. trade deficit narrowed slightly to a four-month low in August but the trade deficit with China hit a...
  • Agencies Detain Containers at Port of San Juan
    Federal, state and municipal agents said three containers were detained for improper placards among the 252 containers and tanks checked...
  • Congested Indian Port Suspends Export Operations
    The port-terminal authorities at Chennai, India's second-largest container gateway, temporarily suspended export cargo movements and scaled back vessel handling as...
  • Lufthansa Sees 'Major Setback' in Frankfurt Flight Ban
    SHENZHEN - Lufthansa Cargo CEO Karl Ulrich Garnadt says the carrier remains committed to an expansion plan at Frankurt Airport...
  • Frankfurt, London Heathrow Cargo Traffic Down
    Frankfurt airport in September handled 5.3 percent less freight than a year ago and London Heathrow's cargo traffic shrunk 3.7...
  • Cargolux Gets Second 747-8 Freighter, Loads First
    Cargolux has loaded cargo onto its first 747-8 freighter and will take over a second aircraft Thursday, after settling a...
  • Stranded Container Ship Expected to Break Apart
    A chartered Mediterranean Shipping Co. container ship that foundered on a reef in New Zealand's Bay of Plenty is expected...
  • DB Schenker Begins Germany-China Container Rail Service
    DB Schenker said its new daily rail container service between Germany and China, starting in late November, will more than...
  • Congress Passes Three Free Trade Pacts
    Congress on Wednesday passed free trade agreements with Colombia, Panama and South Korea. Once the terms of the deals...

Containerisation Internationalweb site
OCTOBER 13, 2011
  • Rena: salvors prepare for the worst
  • Panama Canal still on track
  • OPEC cuts demand forecast again
  • Durban suffers strike action
  • P&O Ferrymasters improves support from Libbey Leerdam

TradeWindsweb site
OCTOBER 13, 2011
  • ADM orders bulker trio
    Archer Daniels Midland puts rumours to bed as it inks order at Oshima Shipbuilding in a bid to beef up bulker arsenal.
  • Tankers fail CCM stress test
    Market titans face tough third quarter but Clarkson Capital believes OSG has what it takes to ride out the storm.
  • Dockwise seeks relaxation
    Dutch heavylift operator asks lenders to back "contingency plan" in anticipation of continued market turbulence.
  • Diamond seals Cido deal
    Wall Street legend Wilbur Ross proves cash is king as US product tanker owner secures spot in the big leagues.
  • BP boost for Sullum Voe
    BP's west of Shetland development will save Sullom Voe from eventual closure.
  • SeaBird CFO steps down
    Timothy Isden leads hunt for new finance chief as Oslo-listed seismic survey vessel owner closes in on cures for cash crisis.
  • Pay cut for Star supramax
    Nasdaq-listed owner will be bagging less from one of its ships which has rejoined Cargill for an extra year, brokers say.
  • Bollore boosts Gabon
    French group's CEO Vincent Bollore pledges $147m for upgrade at Owendo.
  • Fairstar plots spot exit
    Oslo-listed heavylift owner fights for survival in savage spot market plagued by excess capacity and declining cargo.
  • Baltic boost for Cosco stock
    World's largest bulker owner sees shares surge as dry-cargo rates set 2011 highs.
  • Where do I sign?
    Qatar Navigation's Qatari employees will get a 60% pay increase backdated to 1 September.
  • Not liable says Gigilinis
    Greek towage and salvage company says it has no responsibility for bulker wreck removal under Towcon contract.
  • USC plots huge IPO
    Russian state shipbuilding behemoth worth $3.2bn considers 25% stake sale within two years.
  • Hamworthy pumping iron
    UK-based pumps and valves firm expands its order book on tankers, FPSO and LNG orders.
  • Frontline fun short-term
    Improved showing from tanker titan's stock will be short-lived, analysts say
  • Rio Tinto looks rosé
    Mining giant's record iron ore and coking coal exports boost bulker rates in the third quarter.

American Shipperweb site
OCTOBER 13, 2011
  • Big step for U.S. trade
  • FMC publishes proposed rate index use rulemaking
    The U.S. Federal Maritime Commission has published a proposed rulemaking to amend its rules to provide common carriers and their customers with certainty and flexibility if they decide to use long-term contracts that adjust based on a freight rate...
  • OOCL exec urges better pricing, innovation
    Erxin Yao, president of OOCL (USA), urged the shipping industry to pay more attention to pricing services profitably and fostering innovation rather than trying to hold onto market share. "Faced with the challenges of today, we forgot why we suffe...
  • Congress approves FTAs
    Capitol Hill lawmakers on Wednesday approved the long-awaited free trade agreements with Colombia, Panama and South Korea, and voted to renew Trade Adjustment Assistance (TAA), the Generalized System of Preferences (GSP) and the Andean Trade Prefe...
  • GT Nexus adds social networking
    GT Nexus has launched "G2," a social networking tool. As an example, information technology applications developer said members of its GT Nexus Shipper Council - a group of shippers - are using G2 to collaborate on key initiatives. "The shipper co...
  • Panalpina starts Ludhiana, India branch
    Panalpina has opened a branch office in Ludhiana in northwestern India. It's the second India office the Swiss freight forwarder has launched recently, with a new office in Jaipur opening two weeks ago. "Ludhiana in north India is home to thousand...
  • NDO America relocates U.S. headquarters
    NDO America has leased 26,853 square feet of industrial space in Rancho Dominguez, Calif., for its new headquarters. Following building improvements, NDO plans to move to the location on Dec. 1. About 30 people will be employed at the site. Freight...

The Bunker Bulletinweb site
OCTOBER 13, 2011
  • KPI Bridge Oil appoints trader for UK office
    Manassakis has more than six years experience in the shipping industry.
  • Fujairah prices stable
    In Cape Town, deliveries were available for supply up to and including October 27.
  • New Zealand port 'not to blame' for Rena response
    Tauranga Harbourmaster not responsible.
  • Rotterdam bunker prices at their highest in four weeks
    Custom workers strike tomorrow in Piraeus.
  • 'Final reminder' for IBIA nominations
    Nominations from the Americas and Asia Pacific and users and buyers will be would looked on 'particularly favourably'.
  • 'Cold ironing' infrastructure for Rotterdam
    Pilot project has set up 120 onshore power connections.
  • Fuel oil stocks down again
    Traders predict stocks will rise before the end of the month.
  • Ports in ECAs 'vulnerable' to loss of business
    Increased shipping costs could see cargo rerouted to ports outside regulated zone, says UK Chamber of Shipping official.
  • Bunker prices largely up at Asian bunker hubs
    Some suppliers in Singapore not offering due to limited avails.
  • South Korean firms developing LNG bunkering system
    Agreement also includes development of an LNG-fueled vessel.
  • Dip in Singapore monthly bunker sales volumes
    Total of 3.57 million mt sold in September, 6.4% down from August volumes.
  • Contracts for first US-flagged LNG-fuelled OSVs signed
    Trinity Offshore to build vessels for Harvey Gulf International Marine.
  • WWF: Shipping levy an 'innovative' source of finance
    Global levy on shipping and aviation under consideration as sources of finance for climate and development.
  • Yang Ming ratings downgraded on 'weak market conditions'
    Weakening freight rates in Asia-Europe lanes and high bunker costs 'constrain' Yang Ming's profitability, says Taiwan Ratings.
  • Slight fall in South China's fuel oil inventories
    Volumes to rise in the coming week with post-holiday replenishment cargoes coming in.
  • Salvage efforts resume on stricken vessel
    Amid concerns that the vessel may break up due to 'substantial structural failure' sustained during bad weather.

›››File
FROM THE HOME PAGE
In 2025, container traffic in the ports of Genoa and Savona-Vado Ligure reached a historic record of almost three million TEUs
Genoa
Cruise passengers increased by 6.1%; ferry passengers decreased by 4.0%.
Busan Port has again set its all-time record for annual container throughput.
Busan
Last year the total was 24.88 million TEUs (+2.0%)
Panama Ports Company has initiated arbitration proceedings against the Republic of Panama
Panama
Extensive damage reported and state authorities' reluctance to respond to repeated requests for confrontation
In 2025, freight traffic in Sardinia's ports grew by +3.0%
Cagliari
Slight decline in cruise passengers contained by the launch of home ports in Cagliari and Olbia
Freight traffic in the port of Barcelona to remain stable in 2025
Barcelona
In the fourth quarter alone, 16.7 million tonnes were handled (+4.5%)
Maersk and Hapag-Lloyd bring back India/Middle East-Mediterranean service via Suez
In 2025, ships transiting the Panama Canal increased by +14.1%
In 2025, ships transiting the Panama Canal increased by +14.1%
Panama
The ports of the Central American nation handled 9,915,357 containers (+3.6%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Anjra
New all-time high in total goods
In 2025, Turkish ports handled a record traffic of 553.3 million tonnes of cargo (+4.0%)
Ankara
Container traffic in Italy reached a new all-time high of 678,715 TEUs (+9.8%). Ship traffic through the Bosphorus Strait declined.
APM Terminals will take over the interim management of the Panamanian ports of Cristóbal and Balboa.
Panama
President Mulino urged Panama Ports Company to cooperate fully in view of this new phase
New crop of historic records harvested by Chinese ports
New crop of historic records harvested by Chinese ports
Beijing
In 2025, maritime ports handled 11.63 billion tons of goods (+3.7%)
PPC denounces the contradictory nature of the ruling by the Supreme Court of Justice of Panama with respect to the current legal framework
Balboa
The company does not exclude the possibility of resorting to national and international legal action
Lukoil signs agreement with US-based Carlyle to sell the Russian group's international assets
Fly
The transaction will need to be authorized by the U.S. Office of Foreign Assets Control.
Panama's Supreme Court of Justice declares the law on the concession contract with the Panama Ports Company unconstitutional.
Panama
Last year, PPC port terminals handled 3.9 million containers
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Miami
New orders for ten new river vessels are planned. A record financial year.
CMA CGM establishes a joint venture with Stonepeak to which it will contribute ten container terminals
New York/Los Angeles
The American company will own 75% and 25% of the shares, respectively. It will invest 2.4 billion dollars.
German rail freight companies reject 37% increase in train path prices
Berlin
Die Güterbahnen urges the Minister of Transport to present the promised reform of the fare system
FS Logistix increases weekly rotations on the Duisburg-Milan railway line from six to ten
Milan
Two daily connections are made in each direction
In the fourth quarter of 2025, freight traffic in the port of Antwerp-Zeebrugge decreased by -4.9%.
Antwerp
For the whole year the decline was -4.1%
Valletta Cruise Port records record annual cruise traffic
London
In 2025, there were 963 thousand passengers (+2.3%)
Evergreen invests up to nearly $1.5 billion in the construction of 23 container ships
Taipei
Seven 5,900 TEU vessels have been ordered from Jiangsu New Yangzi Shipbuilding and 16 3,100 TEU vessels from CSSC Huangpu Wenchong Shipbuilding.
In 2025, Spanish ports handled a record container traffic of almost 19 million TEUs
Madrid
New historic highs also for conventional goods and passengers
First container transhipment operation in an Algerian port
First container transhipment operation in an Algerian port
Algiers
It happened on Sunday at the port of Djen Djen
Truckers from Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia block borders
Belgrade
Week-long protest against the EU's new entry/exit system
Resumption of attacks against ships in the Red Sea region threatened
Tehran
They would be implemented in response to an escalation of US and allied military actions in the region.
New annual record for maritime traffic in the Straits of Malacca and Singapore
New annual record for maritime traffic in the Straits of Malacca and Singapore
Port Klang
Last year, for the first time, over 100,000 ships passed through
New record of sailors abandoned by shipowners
London
In 2025, 6,223 crew members from 410 ships were abandoned
Two FMC commissioners call on the US government to take action against Canadian and Mexican ports
Washington
Enforcement of provision aimed at preventing freight carriers from evading the Harbor Maintenance Fee urged
Annual container traffic handled by the port of Algeciras remains stable.
Algeciras
A 6.2% decrease in the weight of goods in containers was recorded
The EU Commission authorizes Italy to provide financial support for rail operations in ports.
Rome
Incentives for a maximum total of 30 million euros over five years
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Ismailia
The need to reduce insurance premiums for vessels transiting the Red Sea region was also highlighted.
€3.1 million in unpaid regional maritime property fees recovered in Campanian ports
Naples
422 default notices to non-compliant dealers
In November 2025, freight traffic in the ports of Genoa and Savona-Vado dropped by -5.5%.
Genoa
The two airports recorded percentage variations of -7.5% and +0.6% respectively
EU ETS: Interferry calls for a halt to the 100% charge for ferry emissions in 2026.
Victoria
The vast majority of the revenues from the maritime ETS - the association denounces - are diverted to the national budgets of the Member States.
The new configuration of the Ocean Alliance service network confirms seven calls at Italian ports
Hong Kong/Taipei
Two at the port of Genoa, two at that of La Spezia and one stop each at the ports of Vado Ligure, Trieste and Salerno
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Marseille
Cruise passengers grow by +7%
AD Ports has acquired the Spanish shipyard Astilleros Balenciaga.
Abu Dhabi
Transaction worth 11.2 million euros
CMA CGM reports three services on the route around the Cape of Good Hope
Marseille
The international scenario - explains the French company - is complex and uncertain
COSCO Shipping Ports' terminals handled record container traffic last year
Hong Kong
Growth of +6.2% over 2024
In the fourth quarter of 2025, freight traffic in the port of Venice grew by +13.5%
Venice
An increase of +4.9% was recorded for the whole year
Buffer areas to decongest the North West logistics system
Genoa
The proposal is from Connect. Let's remember, Palenzona warns, that the Italian system depends on road haulage.
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
St. Petersburg
In the fourth quarter alone, traffic was 231.1 million tonnes (+6%)
The port of Civitavecchia has set a new annual cruise traffic record
Civitavecchia
A 5.4% increase in transit passengers. Disembarking and embarking passengers remained stable.
A ship coming from Russia was seized in the port of Brindisi
Toasts
Alleged violation of sanctions against the Russian Federation
FS Logistix takes over railway operations in Area 6A of the Port of Antwerp.
Antwerp
New generation hybrid locomotives will be used
Greek Shipowners' Association urges EU to take measures to protect ships and crews
Piraeus
Call for expressions of interest for the refurbishment and management of the cruise terminal at the Port of Gibraltar
Gibraltar
Applicants must be willing to fully finance the work
In 2025, acts of piracy against ships increased by +18%
In 2025, acts of piracy against ships increased by +18%
Kuala Lumpur
A 43% decrease in accidents was recorded in the last quarter
InRail to manage the Interporto Pordenone intermodal terminal for a year
Pordenone
Temporary solution in view of the establishment of a public-private company
Turkey's Kuzey Star Shipyard to Build Shipyard in Syria's Tartous Port
Damascus
An investment of at least $190 million over five years is expected
In 2025, cargo traffic in Ukrainian ports decreased by -15%
Kiev
Container traffic grows by 66%
Container traffic in the port of Hong Kong decreased by 5.7% last year.
Hong Kong
In the fourth quarter alone the decline was -8.0%
In 2025, PSA's port terminals handled record container traffic
Singapore
New peaks in volumes handled in Singapore and the group's overseas terminals
Chinese CMPort's port terminals handled record container traffic last year
Hong Kong
The total was 151.5 million TEUs, an increase of +4.0% over 2024.
COSCO orders 12 new 18,000-TEU and six 3,000-TEU containerships
Hong Kong
Jiangnan Shipyard, China Shipbuilding Trading, and COSCO Shipping Heavy Industry win $2.7 billion in orders.
The port of Trieste closed 2025 with a 0.7% growth in freight traffic thanks to the increase in crude oil prices.
Trieste
The port of Gioia Tauro has once again set its container traffic record
The port of Gioia Tauro has once again set its container traffic record
Gioia Tauro
In 2025, the previous peak recorded the previous year will increase by +14%.
Port of Singapore sets new all-time container throughput record
Port of Singapore sets new all-time container throughput record
Singapore
The port confirms its position as the world's second largest container port
The volume of cargo traffic in the port of Koper will remain unchanged in 2025.
Koper
Increase in containers and rolling stock. Decline in other types of cargo.
Taiwan's Evergreen, Yang Ming and WHL close 2025 with double-digit revenue declines
Taipei/Keelung
In 2025, piracy attacks against ships in Asia increased by +23%
Singapore
The severity of accidents has decreased
The Democratic Party accuses the government of blocking investments in ports and placing the Port System Authorities under special administration.
Rome/Genoa
Nova Marine Carriers, Bolten and Ership have acquired full control of VCK Port Logistics.
Lugano
Amsterdam has developed its only covered terminal capable of operating in all weather conditions.
In the fourth quarter of 2025, revenues generated by OOCL's containership fleet decreased by -17.2%.
Hong Kong
Transported volumes increased by +0.8%
TKMS submits non-binding offer to buy German Naval Yards
TKMS submits non-binding offer to buy German Naval Yards
Kiel
The Kiel-based company builds naval vessels and luxury yachts
Over two tons of cocaine seized in the port of Genoa
Genoa
Once placed on the market, the drug would have earned criminal organizations around 1.5 billion euros.
Seatrade acquires strategic stake in JR Shipping
Harlingen
The Dutch company will continue to operate as an independent and autonomous organisation
In 2025, Ningbo-Zhoushan confirmed its position as the world's leading port in terms of total cargo traffic.
In 2025, Ningbo-Zhoushan confirmed its position as the world's leading port in terms of total cargo traffic.
Ningbo
Over 1.4 billion tons of cargo were moved. Approximately 43 million containers were transported.
In 2025 the port of Ravenna recorded its new historical record for annual freight traffic
Ravenna
Never-before-seen volume of cargo handled in the fourth quarter alone
The Sardinian Port Authority relies on the Financial Times' AI-based consultancy to understand which strategies, projects, and infrastructures to implement.
Cagliari
Direct award of an estimated value of 140,000 euros
The disposal of sediment from dredging in the port of La Spezia at the new breakwater in Genoa has been approved.
La Spezia
Approval has been granted for the transfer of 282,000 cubic meters to be carried out during 2026.
In November, ship traffic in the Suez Canal increased by +16.0%
Cairo
In the first eleven months of 2025, 11,620 ships passed through (-4.8%)
ABB to build shore power systems at three container terminals in the Port of Rotterdam
Rotterdam/Zurich
They will be able to recharge up to 32 container ships simultaneously
Cargo traffic in Chinese seaports grew by 5.8% last month.
Cargo traffic in Chinese seaports grew by 5.8% last month.
Beijing
Foreign cargoes increased by 8.2%. Containers increased by 8.9%.
Freewheeling, the increase in highway tolls certifies the failure of the government and Minister Salvini's road haulage policies.
Modena
Franchini: First excise duties, now tolls; a double blow that directly affects small businesses.
Trasportounito attributes responsibility for the increases in motorway tolls to the Constitutional Court and the ART
Genoa/Rome
Casu and Simiani (PD): But is it the judges' fault if Salvini can't be a minister?
Xtera Topco will be acquired by a joint venture owned by Prysmian (80%) and Fincantieri (20%)
Milan/Trieste
The transaction involves an enterprise value of $65 million
China launches drill to test cutting Taiwan's maritime links
Beijing
Maneuvers near the main port areas
In October, freight traffic in the ports of Genoa and Savona-Vado decreased by -1.8%
Genoa
In the first ten months of 2025, 52.9 million tonnes were handled (-1.0%)
On January 1st, the presidency of the UIRR will be assumed by Jürgen Albersmann
Brussels
He is vice president and CEO of Contargo
A Maersk Line ship has returned to transit the Suez Canal
A Maersk Line ship has returned to transit the Suez Canal
Ismailia
Rabie: Normal traffic levels will be reached in the region in the second half of 2026
Wärtsilä reports significant growth in quarterly and annual results for the Marine segment
Helsinki
The Finnish group's new orders acquired in 2025 remain stable.
Dutch company Portwise has been bought by its compatriot Haskoning
Rijswijk
The company offers solutions for optimizing terminal operations through automation and electrification
Construction of the first of six container ships for Italia Marittima has begun in China.
Trieste
The ships, which will be able to use traditional fuel and methanol, will have a capacity of 2,400 TEUs
In the Strait of Hormuz, armed vessels ordered a US tanker to stop
Southampton/London
GTS announces new rail services between the port of Genoa and central and southern Italy.
Bari
Connections via the Segrate Milan terminal
The number of dual-fuel vessels employed by liner shipping lines is set to double by 2025
Washington
Currently, 74% of the order book consists of units of this type
Kuehne+Nagel expands CargoCity South at Frankfurt Airport
Schindellegi
A new facility will be completed and taken over at the end of 2028
AD Ports signs agreement to build and operate multipurpose terminal at Matadi Port
Abu Dhabi/Kinshasa
Relaunch of the Banana Deepwater Port Construction Project
Confitarma: The Revenue Agency's position risks having serious repercussions on Italian seafarers' employment.
Rome
Bucchioni appointed pro tempore president of the Association of Freight Forwarders of the Port of La Spezia
La Spezia
The tender for the development of the shipbuilding hub in the port of Ancona has begun.
Ancona
The AdSP Management Committee has approved the call for tenders
ONE's quarterly financial performance declines further
Singapore
The volume of containerized cargo transported by the fleet remains stable
Laura DiBella's nomination for FMC presidency has been signed.
Washington
His term will expire on June 30, 2028.
Port of Singapore saw record bunker deliveries in 2025
Singapore
PSA-MOL joint venture to manage a new ro-ro terminal
The port of Taranto was visited by a delegation from the Japanese FLOWRA
Taranto
The association brings together 21 of the main Japanese energy players
ABB's new orders in a quarter exceed $10 billion for the first time.
Zurich
Growing demand in the maritime, port and railway sectors
In the United States, MSC was fined a total of $22.67 million
Washington
The Federal Maritime Commission has released the results of an investigation
CSC Vespucci and Livorno Reefer will form a single platform dedicated to fruit and vegetable and exotic products in the port of Livorno
Signal Ocean has acquired AXSMarine
Paris/London
The company offers web platforms to support the ship charter sector
Stena RoRo has placed an order for two ro-ro vessels in China with options for four more.
Gothenburg
They were designed in cooperation with the Italian Naos
Shanghai Zhonggu Logistics Co. to Order Four New 6,000-TEU Containerships
Shanghai
The order will include options for two additional vessels
UPS revenues decreased by 2.6% in 2025
In the last quarter alone, a decrease of -3.2% was recorded
ICS has published its periodic analysis of flag state performance
London
Michail Stahlhut will step down as CEO of Hupac in May
Noise
Bertschi: Under his leadership, the company's position as a leading provider of combined road/rail transport in Europe has been strengthened.
Members of the Ravenna Marine Resource Partnership Body have been appointed.
Ravenna
It will meet for the first time on February 4th and will remain in office for four years
Messina (Assarmatori): MIT's decree on cold ironing is a good thing.
Rome
This is a fundamental step - he underlined - to ensure that the electrification of the platforms is actually usable.
Contship has joined the Digital Container Shipping Association's DCSA+ program.
Melzo
Among the goals, improving the efficiency of terminal operations, the accuracy of planning and collaboration with shipping companies.
The Argentine Port Workers' Federation threatens a strike at national ports.
The Silver
Action in support of workers at the port of Concepción del Uruguay
In 2025, freight traffic in the port of Taranto grew by +0.8%
Taranto
In the last quarter alone, a decrease of -22.6% was recorded
Last year, container traffic in the port of Valencia grew by +3.4%
Valencia
5,662,661 TEUs were handled
Fincantieri wins Italian Navy contract to enhance naval vessels' cyber resilience
New facility in Charleston for the production and testing of marine power and propulsion systems
Arlington
It was inaugurated by Leonardo DRS, a subsidiary of the Italian Leonardo
Project to strengthen maritime and port cybersecurity
Brest/Brussels/Rome
The partners are France Cyber Maritime, FEPORT and the Federation of the Sea
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Container traffic at the Port of Los Angeles fell by 10.6% in the last quarter of 2025.
Los Angeles
A decrease of -0.6% was recorded for the whole year
In the first six months of operation InnoWay Trieste produced 170 railway wagons
Trieste
The construction of 600 units is planned in Bagnoli della Rosandra in 2026
Ferretti rejects KKCG Maritime's partial and conditional voluntary takeover bid.
Milan
Strong confidence in the company's long-term strategy reaffirmed
Haropa Port sets new container traffic record
Le Havre
Last year, overall freight traffic increased by +2%
Decio Lucano, the dean of shipping journalists, has passed away.
Genoa
His paper adventures are countless, including "Vita e Mare" and "TMM", but also digital with "DL News"
Marsa Maroc orders 106 electric terminal tractors from Terberg
Benschop
They will be employed in the port of Nador West Med
A single binding offer from Dubai for the purchase of the Venice Ro-Port Mos
Venice
The company manages the terminal for the motorways of the sea and cruises in Fusina
Contargo acquires 50% of Cargo-Center-Graz Logistik
Mannheim
The German company extends its intermodal network to the Adriatic ports of Koper and Rijeka.
The Port of Long Beach handled record container traffic in 2025
Long Beach
In the last quarter, a decrease of -8.8% was recorded
HMM to introduce AI-based autonomous navigation solutions on 40 vessels
Seoul
Contract with Avikus and agreement with KSOE
Two new rail connections to Germany from the Padua Interport
Padua
They are operated by InRail and LTE Italia
Intersea has become the general agent in Italy for the Portuguese GS Lines
Genoa
The shipping company is part of Grupo Sousa
MSC and Qatari company Maha to develop and manage the Libyan port of Misurata
Paris/Misurata
An investment of 1.5 billion dollars is expected
F2i has been awarded the concession for the Lavagna tourist port
Milan
The concession contract will have a duration of 50 years
Eni launches the hull of the Coral North FLNG
Geoje/San Donato Milanese
It will be used offshore Cabo Delgado, north of Mozambique.
Laghezza has acquired a logistics warehouse in Sarzana
La Spezia
The aim is to establish a local hub for local production activities.
The Red Sea Container Terminal at the Egyptian port of Sokhna has been inaugurated.
Sokhna
It is operated by a joint venture of Hutchison Ports, COSCO and CMA Terminals
The GNV Altair ferry has joined the GNV fleet
Genoa
It has a capacity of 2,700 passengers and 915 linear metres of rolling stock.
Maersk confirms resumption of MECL transits through the Suez Canal
Copenhagen
The line connects India and the Middle East with the US East Coast
Ignazio Messina & C. has acquired full control of Thermocar
Genoa
The Genoese company operates in the temperature-controlled refrigerated container logistics sector.
Genco's board of directors rejected Diana Shipping's acquisition proposal.
New York/Athens
The American company, however, leaves a glimmer of hope by admitting the validity of the merger
MSC will include the port of Trieste in the Dragon Italy-USA service
Geneva
The Julian port will be reached starting from the second half of February
De Wave Group has acquired French company DL Services.
Genoa
The company specializes in the design of industrial kitchens and the supply of technical components and spare parts on board
CMA CGM's TUX transatlantic service will call at the port of Salerno
Marseille
The line connects Turkey with the East Coast of the USA
New intermodal connections between Northern Italy and Belgium by GTS Rail and CargoBeamer
Bari/Leipzig
Activated on the Padua-Zeebrugge and Liège-Domodossola lines
Cruise traffic in the port of Piraeus increased by +9% last year
Piraeus
Approximately 1.85 million passengers moved
In 2025, cruise traffic in the port of Genoa grew by +6.5%
Genoa
Ferry passengers down 3.6%
Grimaldi took delivery of the PCTC Grande Manila
Naples
The vessel has a total capacity of 9,241 CEUs.
Expedition cruise ship Exploris One to be auctioned off
Nantes
It has a capacity of 144 passengers and 102 crew members.
SeaCube Container Leasing has acquired Martin Container.
Montvale
The company specializes in the refrigerated container segment
Pisano: The Simplified Logistics Zone has great strategic importance for the port of La Spezia.
La Spezia
RINA and HPC launch project to promote green ports in the Caspian region
Genoa
Five-year contract with the OSCE
Vard to build four Multi-Purpose Robotic Vessels for Ocean Infinity
Trieste
The contract has a total value of over 200 million euros
Hanseatic Global Terminals will become sole owner of Florida International Terminal
Rotterdam
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
The transportation sector enters a turning point with the adoption of artificial intelligence
Ulm
However, most companies are still in the early stages of this process.
Work completed to widen the access channel to the port of Livorno.
Livorno
The width between the two banks will be increased from 70 to 120 meters
Nexans sets a record for the depth of laying a high-voltage submarine cable on the Tyrrhenian Link
Paris
Installation at -2,150 meters
Funds for Spanish ports to adapt to the use of wind energy and other marine renewable energy sources
Madrid
Program with a total value of 212 million euros
CMD - Costruzioni Motori Diesel returns to wholly Italian ownership
Atella
Giorgio and Mariano Negri have acquired 67% of the capital held by the Chinese Loncin Motor Co.
Intesa Sanpaolo is financing the construction of three PCTCs for Grimaldi Euromed.
Milan
The new ships will be delivered later this year
Medlog acquires Australian intermodal operations of Seaway
Fremantle
The transaction will be completed within the first quarter of this year.
MIT has updated cybersecurity measures for national ships, ports and port facilities
Rome
A circular has been published which, among other things, introduces staff training
V.Group has bought the Danish company Njord
London
The company offers the shipping industry solutions for energy efficiency and decarbonisation
Fire aboard the Majestic ferry in the Port of Genoa
Genoa
The flames were extinguished by the intervention of the on-board fire brigade and did not cause any injuries.
COSCO to acquire control of German logistics company Zippel
Hamburg
Agreement to acquire 80% of its capital
Colombo Port Sets New Annual Container Traffic Record
Columbus
Sri Lanka Ports Authority signs agreement with French shipping group CMA CGM
Viasat to exit British company Navarino's capital
London
ICG to support the Tsikopoulos brothers in reinvesting in the company
The Palau government ensures the full operation of the Naval Registry
Koror
Moses (BMT): Services continue to be provided in accordance with international procedures and standards
In the first nine months of 2025, freight transported on the Austrian rail network increased by +1.4%
Vienna
Growth of +4.9% was recorded in the third quarter alone
Saipem wins $425 million offshore contract to develop the Sakarya gas field.
The decree for the distribution of PNRR resources to interports has been signed.
Rome
The disbursement of 1.9 million euros is expected
Messina, a Genoese company, launches a new service to Algeria.
Genoa
The rotation touches the ports of Fos, Genoa, Barcelona, Algiers, Fos
FS Logistix is the first company in Europe to certify its carbon footprint for freight transport.
Rome
The FS group company has obtained ISO 14067 certification
WASS (Fincantieri Group) wins torpedo supply contract for Indian Navy
Trieste
Contract with a total value of over 200 million euros
FHP Intermodal will become operational on January 1st
Milan
FHP Group completes the integration process between its subsidiaries CFI Intermodal and Lotras
The Coral Adventurer cruise ship ran aground in Papua New Guinea.
Port Moresby
No harm to people on board
d'Amico International Shipping orders two new MR1 product tankers from Guangzhou Shipyard International.
Port of Gioia Tauro: Anchorage fee reduction approved again
Gioia Tauro
A total sum of 1.5 million euros has been allocated
The Council of State has confirmed the legitimacy of the tender for the new Ravano Pier in La Spezia.
Rome/La Spezia
The TAR ruling for Liguria has been confirmed.
Hupac will launch a new shuttle train service between Duisburg and Novara.
Noise
Schedule six rotations per week
Ferry docking slots for Piombino and Elba Island in 2026 have been assigned.
Livorno
Project financing process for the first hydrogen production plant in the port of La Spezia
La Spezia
Project to provide "mobile" supplies to vehicles such as locomotives and boats
The new hydrofoil terminal at the port of Messina will be named after a victim of femicide.
Messina
The initiative to remember Omayma Benghaloum
Three new e-RTG yard cranes have arrived at the PSA Venice-Vecon terminal
Venice
Investment of 8.5 million euros
Fincantieri delivers second multipurpose combat ship to the Indonesian Navy
Trieste
Ceremony at the Muggiano shipyard
In June the Grendi group will equip itself with a fifth ro-ro vessel
Genoa
It will have a load capacity of 3,000 linear meters
The employment contract renewal for transport and logistics company managers has been signed.
Rome
Signed today by Manageritalia and Confetra
Brussels has approved the loan to rescue the rail freight company Lineas.
Brussels
Sixty-one million euros granted by the Belgian government
Green Mobility Partners and KKR Partner to Create European Rail Leasing Platform
Frankfurt
American company invests in GMP
Saipem wins offshore EPCI contract in Qatar
Milan
The contract is worth approximately $3.1 billion.
Wärtsilä sells its Gas Solutions division to German private equity firm Mutares.
Helsinki/Munich
Bank of China finances purchase of Grimaldi Euromed's Grande Melbourne
Amount of 57 million euros
GeneSYS Informatica (Fratelli Cosulich) has acquired 51% of the capital of Navimeteo
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
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
Spediporto's conference "Take opportunities navigating trade tensions" will be held in Genoa on December 1st and 2nd.
Genoa
It will be held at the Conference Hall of Banca Bper
››› Meetings File
PRESS REVIEW
East Port Said Port faces a new challenge with Europe's carbon rules for shipping
(EnterpriseAM)
Bulgarian court rejects extradition of Russian owner of a ship linked to Beirut port blast
(ABCNEWS.com)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
KSOE wins $466 million order for four container ships
Lysaker/Seongnam
NYK and Ocean Yield Award Order for Four New LNG Carriers
ONE's Adriatic Service 1 will also make stops at the port of Ancona
Singapore
The line to Damietta has a weekly frequency
Consolidation work on the Riva quay at the port of Ortona has been completed.
Ancona
Thirteen million is the cost for the adaptation of the infrastructure
Vard has signed a cooperation agreement with the Norwegian research institute Norce
Ålesund
It concerns all fields of research and innovation in the naval sector
Energy transition, regulatory simplification, competitiveness of the maritime industry, and port governance are Confitarma's priorities.
Rome
Federlogistica reports the project cargo's inability to travel on Northwest highways.
Genoa
Falteri: We are facing a real systemic crisis.
ZIM shareholders reach agreement again
Haifa
Agreement reached on candidates for the renewal of the board of directors
Merger by incorporation of Degrosolutions into CLS
Milan
Castelli: We aim to strengthen our growth path in the Italian forklift market.
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