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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
01:25 GMT+1
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BRIEFS
October 3, 2014
Sched Netweb site
  • WTO cuts world trade growth forecasts from 4.7pc to 3.1pc for 2014
  • MOL to restructure Asia to South Africa Services in two loops from October
  • Discussion agreement planned for Long Beach and Los Angeles ports
  • IAS billing scheme vows to end tortured history of US chassis provisioning
  • Singapore Global Logistic Properties closes deal for cross-China warehouses
  • Air pollution falls at Long Beach since 2005 as green efforts mount
  • Agility signs goodwill MOU with Etihad Rail, one of 20 already signed
  • Flying expat bodies home growing Gulf cargo trade, but bill payment is slow
  • Germany's Jettainer manages unit load devices for American Airlines
  • DHL to fly 'parcelcopter' on North Sea med delivery to test feasiblility

International Transport Journalweb site
  • Greencarrier doing more for the environment
  • STI Freight extends LTL network
  • ACI Latin America in mourning
  • GAC opens new office in Antwerp
  • Qatar Cargo pushes e-AWB
  • NS leads the way in carbon disclosure
  • ICTSI Manila to ease congestion
  • IJS Global enhancing healthcare service solutions
  • Germany delays Elbe ruling
  • DB Schenker Rail UK investing in 'stop-start' technology
  • Construction starts on new warehouse in Singapore
  • Airfreight making an even sturdier recovery
  • An accolade for Agility
  • Lam plunging headfirst into HKIA's 24/7 operations

Marine Logweb site
OCTOBER 2, 2014
  • NNS installs USS Enterprise anchor on USS Abraham Lincoln
  • First of four Damen tugs for ARC Towage heads for Trinidad
  • L'Orange introduces NOX reduction product
  • Engineer in pollution case cops plea, goes free
  • Carnival Corporation reports big fuel savings
  • Executive Board changes at MAN Diesel & Turbo

World Wide Shipperweb site
OCTOBER 2, 2014
  • Transpacific Stabilization Agreement making changes to contract rates
  • Mitsui O.S.K. Lines to merge marine consulting/cable ship units
  • Alaska Airlines to sponsor UofW environmental challenge
  • Coos Bay Rail Link earns short line safety nod
  • Fishing habits survey set for Lower Duwamish Waterway

Sea-webweb site
OCTOBER 2, 2014
  • Costamare files for partnership IPO
    Container-ship lessor Costamare Partners LP has filed a registration for an initial public offering (IPO) of
  • Enterprise to buy Oiltanking
    US pipeline and terminal operator Enterprise Products Partners (EPP) is buying one of its biggest business partners in a two-part deal for $6Bn. The first step in EPP's acquisition of Houston-based Oiltanking Partners, announced on 1 October, was comprised of the payment of $4.41Bn in cash and
  • Barkmeijer Stroobos wins Dredger order
    Dutch shipbuilder Barkmeijer Stroobos has won an order for a suction hopper dredger from domestic shipowner
  • Sewol passengers kept aboard, court hears
    The captain of the ferry Sewol, Lee Jun-Seok, has been accused in court of ordering crew members to make the
  • NYK to reduce bulker fleet
    Nippon Yusen Kaisha (NYK) president Yasumi Kudo has indicated that the dry bulk market still faces challenges
  • Renewed search for MH370 gets under way
    The search for missing Malaysian Airlines flight MH370 is set to continue, the Australian Transport Safety
  • Sewol bill breakthrough clears parliamentary backlog
    After more than two months, South Korean lawmakers have finally compromised on the Sewol bill.
  • Four Chinese shipping lines granted subsidies worth $293M
    Four Chinese shipping lines have been granted subsidies worth CNY1.8Bn ($293M) by the Chinese government to
  • Yinson incorporates three subsidiaries
    Malaysia-listed offshore services provider Yinson Holdings has incorporated three wholly owned subsidiaries
  • Samsung Engineering-SHI merger synergetic
    Samsung HI's (SHI) production capabilities and Samsung Engineering's design capability would create a
  • JES International sues Chinese businessman
    Singapore-listed Chinese shipbuilder JES International is suing a Chinese businessman for breaching a
  • Rebound in Iran LPG exports
    Iran has managed to increase its LPG exports despite continuing sanctions that preclude it from selling LPG
  • Nam Cheong benefits from oil price volatility
    Singapore listed offshore services provider Nam Cheong has benefited from the oil price volatility, according
  • Swissco completes rigs acquisition
    Singapore-listed integrated marine services provider, Swissco Holdings, has completed the acquisition of four
  • Indonesian coal exports hit as mining licences revoked
    As much as 9M tonnes of Indonesian coal exports could be lost every month from now until year-end as
  • Marine Financing Centre gets underway in Busan
    Government-led ship financing services in South Korea have been consolidated in the port city of Busan since
  • Vale-China tie positive for iron ore imports
    Brazilian miner Vale's efforts at securing collaborative deals with Chinese state-owned companies are positive for China's iron ore imports, a drybulk consultancy has said. Commodore Research noted that the collaboration was first evident when the Chinese government agreed to provide Vale with

The Journal of Commerceweb site
OCTOBER 2, 2014
  • Port Everglades August volume rise on double-digit basis
    Florida's fastest-growing port saw double-digit volume gains in August, led by a nearly 30 percent increase in exports. Container throughput year-to-date at Port Everglades totaled 689,363 TEUs, 10.8 percent more compared to a year ago. August throughput at Port Everglades was up 23.3 percent compared to the same month of 2013....
  • Port congestion: 'You get what you pay for'
    Low ocean carrier rates are to blame for much of the congestion afflicting U.S. container ports, several ocean carriers and terminal operators said at a Federal Maritime Commission hearing this week. "With expenses outpacing depressed rates, the margins are not large enough for people to be nice guys and do the...
  • Fleet Telematics Use in the Americas forecast to double by 2018
    The use of commercial fleet management or telematics systems in North America is expected to increase at a 15.3 percent compound annual growth rate over the next four years, as tighter trucking regulations in the U.S. drive adoption of technology, Berg Insight said today. The fleet management technology industry will also...
  • Con-way Truckload increases tuition benefit in bid for new truck drivers
    Want to be a truck driver? Con-way Truckload is willing to help pay your way. The company is doubling the amount of tuition support it offers new drivers enrolled in training programs. As competition for experienced drivers intensifies, companies such as Con-way increasingly are willing to foot the bill to get...
  • Home Depot opens second fulfillment center dedicated to e-commerce
    Home Depot is expanding its brick-and-mortar infrastructure to support growing online sales. The $78.8 billion retailer, No. 3 in the JOC's ranking of the Top 100 U.S. Importers, on Thursday opened the second of three massive distribution centers dedicated to e-commerce sales. The 858,953-square-foot direct fulfillment center in Perris, California, follows a...
  • Drewry: Spot rates from Asia to Europe cut nearly in half
    WCI's latest spot rate from Shanghai to Rotterdam pushes year-to-date rates 45 percent lower compared to a year ago. Full-size image Spot rates from Asia to northern Europe in 2014 are nearly half of what they were a year ago, according to the World Container Index. WCI's latest spot rate from Shanghai to...
  • Breaking the Logjam: How a Public-Private Partnership Aims to End Long Truck Queues at Marine Terminal Gates
    Approximately 45% of the nation's imports pass through the gateways of Los Angeles and Long Beach with container volumes forecasted to more than triple between now and 2035. The Freight Advanced Traveler Information System (FRATIS) project is one effort underway to find solutions that will support port growth while improving...
  • US-Mexico truck pilot opponents rally as program winds down
    The U.S. federal government won't tell Congress until later this month the results of a controversial pilot program tracking Mexican trucking companies hauling goods across the border, but opponents are already railing against continuing or expanding the initiative. The Owner-Operator Independent Driver Association said the three-year pilot failed to include enough...
  • FMC using website to advise of OTI changes
    The Federal Maritime Commission has put into effect a new rule allowing the commission to use its website instead of the Federal Register to provide public notice when it revokes or suspends the licenses of ocean transportation intermediaries. The FMC said July 24 that the new rule would take effect Sept....
  • Will the FMC weigh in on port congestion?
    Two Federal Maritime Commission members said they're keeping an open mind on how the FMC should respond to U.S. port congestion issues the commission is highlighting in a series of regional public hearings. Commissioners William Doyle and Richard Lidinsky told JOC.com that the hearings may lead to a formal FMC fact-finding...
  • Diego Aponte succeeds father as head of MSC
    Diego Aponte, MSC's new president and CEO.Mediterranean Shipping Co today announced the appointment of Diego Aponte as President and CEO of the world's second largest ocean carrier. Diego Aponte, who was previously vice president of MSC, is taking over from his father Gianluigi, who founded the Geneva-based carrier with a single...

TradeWindsweb site
OCTOBER 2, 2014
  • Carnival slashes bunker bill
    Carnival Corp's campaign to cut fuel costs while reducing its carbon footprint appears to be bearing fruit.
  • Rally on the horizon?
    A growing number of industry forecasters are confident that the tanker market is going to gain momentum in the months ahead.
  • Canaccord endorses LPG
    Canaccord Genuity has joined the growing list of investment banks that are taking aim at the LPG segment.
  • Police foil Marinakis attack
    Greek authorities have detained a suspect who was likely planning attacks against the Union of Greek Shipowners and Capital Product Partners chairman Evangelos Marinakis.
  • K Line sheds panamax
    Japanese giant K Line has trimmed its dry cargo fleet with the sale of a panamax bulker to a Greek owner, brokers say.
  • Grandweld adds duo
    Dubai shipbuilder Grandweld is to build two crew boats for Fujairah National Shipping Agency (FNSA).
  • Profitable quartet moving
    Costamare is selling ships to its planned MLP spin-off that accounted for around one fifth of its first half profit.
  • TSA changes tack
    The Transpacific Stabilization Agreement (TSA) discussion group of 15 container lines is changing its stance on rate rises in preparation for the latest round of contract negotiations.
  • Siem sells reefer
    Norway's Siem Shipping Inc (SSI) said on Thursday it had sold one of its elderly reefers at a loss.
  • Costamare plans MLP IPO
    Costamare is the latest shipowner looking to list an MLP on the New York Stock Exchange.
  • Ahrenkiel moves fleet
    New German shipmanager Ahrenkiel Steamship is moving its entire containership fleet to class giant DNV GL.
  • Canadian cash for Genmar
    Peter Georgiopoulos's Genmar looks to have secured a strong charter on an emerging aframax trade out of Canada.
  • Pan Ocean puts itself up for sale
    Restructured South Korean shipowner Pan Ocean is putting itself up for auction in a deal that could see it sold for up to $660m.
  • Stolt on the mark
    Stolt-Nielsen remains concerned about the chemical tanker market after hitting third quarter earnings expectations on the nose.
  • Subsea 7 heads south
    Oslo-listed Subsea 7 is sending a pipe-laying vessel to Ivory Coast for installation work next year.
  • $100m for Siem
    Norway's Siem Shipping Inc (SSI) has refinanced an ABM AMRO loan by bringing in Credit Suisse on a new deal.
  • Norskan notches charter
    Norskan Offshore has sealed a new charter for an elderly platform supply ship (PSV) in Brazil.
  • Two for CSC
    Azerbaijan's Caspian Shipping Company (CSC) has kickstarted the renewal of its fleet with two ship purchases.
  • Navig8 delays eight
    Navig8 Product Tankers is set to delay the delivery of a series of LR2 tankers under construction in China.
  • EPD snaps up OILT
    Enterprise Products Partners (EPD) has launched a $6bn takeover of Houston-based Oiltanking Partners.
  • GasLog sell-off overdone
    Shares in LNG shipowner GasLog look to have been unfairly sold-off according to a leading US investment bank.
  • Regina fills a gap
    A Danish ferry operator is to launch a new ro-ro service to England after DFDS dropped the route.
  • Engineer cops plea
    A leading US law firm has emerged victorious in a legal battle linked to the detention of a chief engineer who was accused of discharging fuel and contaminated seawater into the ocean.

American Shipperweb site
OCTOBER 2, 2014
  • Transpacific carriers to try a new approach in trying to improve rates
  • Kewill acquires IBM Sterling TMS
  • Inadequate resources blamed for truck congestion at ports
  • ClassNK releases report on MOL Comfort accident
  • Torch is passed to a new generation at MSC
  • Thomson Reuters, KMPG partner on Latin America trade compliance
  • Carriers announcing low sulfur surcharges for containers
  • ZIM will continue to call Port of Oakland despite Gaza protests
  • ITC: Andean trade agreement has little impact on U.S.
  • U.S., Brazil settle cotton trade dispute

The Bunker Bulletinweb site
OCTOBER 2, 2014
  • UASC: Fuel-efficient ships cost more but give good returns
    Firm orders 17 LNG-ready ships.
  • European ferry market faces challenges from 'onslaught of rules'
    UK Chamber of Shipping CEO calls North-European ECA rules 'cack-handed'.
  • Carnival: Massive savings from fuel-saving programme
    Programme will have helped save roughly $2.5 billion in fuel costs by the end of 2014.
  • Trading house pulls out of bunker market
    Marubeni no longer has fuel oil storage capacity in Singapore.
  • Ship operating costs fall
    But drop is marginal and weaker than in 2012.
  • MOL: Evolving eco rules are business opportunities
    Firm to leverage technologies and know-how to attain competitive edge.
  • Pan Ocean goes to auction
    Indebted shipowner could fetch $660 million.
  • Fuel oil stocks dip
    Low prices can be expected to stoke bunker demand.
  • Shortsea shipowner estimates cost of ECA operation
    But figures don't include expected distillate price rises.
  • Asian suppliers losing out to Russian ports
    Hong Kong players say as much as 40% of demand has shifted to Russian Far East.
  • Offshore player receives fuel-efficient tonnage
    Newbuild vessel is the third in its series, says Swire Pacific.
  • Gazprom makes prediction on LNG bunker fuel take up
    But development hinges on relative price of gas and conventional fuel.
  • TSA: Rates must include 'low sulphur fuel cost recovery'
    New rules will add 'hundreds of millions of dollars' to the carriers costs.
  • Dual-fuel newbuild completes LNG bunkering trials
    Coral Star commissioned at Zeebrugge.
  • China fuel oil imports down
    Lower demand for bonded bunkers has been a factor.
  • US firm to develop biofuel for marine use
    Fuel to contain emission-reducing additive.
  • No trial in illegal oil discharge case
    Plea bargain sees chief engineer walk out of jail.
  • HS fuel prices dip in eastern US, Canadian markets
    After Tuesday's sharp decline in Brent and WTI prices.

›››File
FROM THE HOME PAGE
In the third quarter the port of Koper has handled 287,410 containers (+ 11.8%)
Koper
In the first nine months of 2024, it was 835,506 (+ 2.9%)
New historical record of monthly container traffic in the port of Long Beach
Long Beach / Los Angeles
In October, strong growth in Los Angeles climbing activity.
Italian Port Days initiative obtains EMD certification of the European Union
Rome
The attestation for contributing to the valorisation of sustainability in the Blue Economy with concrete actions
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
In the third quarter, the Viking cruise group's revenues grew by 11.4% percent.
Los Angeles
Increase of 14.3% of turnover generated by ocean cruises
Signed the final agreement on the contract of port workers
Rome
Italian Antitrust initiates an investigation into SAS (MSC group), Moby and Large Navi Fast
Rome
According to the AGCM, competition restrictions may have occurred as a result of the 49% acquisition of Moby's capital by SAS.
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
Brussels
Total greenhouse gases produced would be more than 30% higher than those considered by the FuelEU Maritime Regulation
DFDS and Ekol are rethinking and agreeing on the sale of the Turkish company's international network to the Danish group
Copenhagen / Istanbul
Revised the terms of the deal expired on the first November
Slight downturn in freight traffic in the port of Hamburg in the third quarter
Hamburg
Stable container traffic
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
Cargotec agrees to the sale of MacGregor to funds managed by Triton
Helsinki
Sale of the value of 480 million that is expected to be completed by the first half of 2025
In the July-September quarter freight traffic in the port of Koper increased by 8.3%
Lubiana
In the first nine months of 2024, the increase was 3.2% percent.
Ok of Ukraine's antitrust enforcement at the entrance of MSC in the capital of HHLA terminalist company
Kiev
The company operates the CTO terminal of the port of Odessa
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
More than doubling the value of new orders acquired by Fincantieri in the first nine months of 2024
Trieste
The sunshine committed for shipbuilding grew by +154,3 percent.
Established the Ship Recycling Alliance to speed up the recycling of safe and environmentally friendly ships
Copenhagen
The initiative in view of the entry into force on June 26 of the Hong Kong International Convention
Kuehne + Nagel will acquire 51% percent of the capital of American IMC Logistics
Schindellegi / Collierville
US company mainly operates drayage services
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
Hamburg
Increase of 3.8% of containers carried by the fleet. Average value of nils up 22.9%
In the third quarter freight traffic in the port of Genoa decreased by -4.9% percent while in Savona-I went up by 15.7% percent.
Genoa
Decided increase in transshipment containers determined by the Red Sea crisis. Down the cruises
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
Seoul
+116% increase in the value of the average nole per container transported
Evergreen's quarterly financial performance hike
Evergreen's quarterly financial performance hike
Taipei
Taiwanese company invests 186.8 million to buy new shipping containers
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
Hamburg
In Germany (Eurogate) the increase was 13.6% percent. In Italy (Contship Italy) of 6.8%). Slowing growth at Tanger Med. Damietta terminal will become operational in April
Ok of the Rovigo Tribunal to the Restructuring Plan of Shipbuilding Victory plan
Adria
On the completion of the sale of the company to CNV Srl
Port of Ancona, in 2023, underlines the AdSP-container traffic grew by 5%
Ancona
The Port Authority disputes the data released by the Fedespedi Studies Center
Mr vard will build five support ships in the offshore industry.
Trieste
Designed to accommodate up to 190 people, they will be carried out in Vietnam
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
On the former Carbonyl of the Port of Genoa, the yards of the foranea dam and the subport tunnel
Genoa
The AdSP Management Committee deliberated it yesterday.
In Genoa, the Graduation Day of the Italian Academy of Mercantile
Genoa
Delivered 50 diplomas at the end of the biennial and three-year formative course
On November 27 in Rome, the public assembly of UNIPORT will be held
Rome
Meeting on the theme "Italian Ports, a network of businesses in the service of the country and of Europe"
Roberto Nappi, founder and director for 40 years of "Corriere Marittimo", has died.
Genoa
His career had begun at the writing of the Telegraph in 1958
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
The seamen of the Galaxy Leader have been hostage for a year
London / Hong Kong
Platten (ICS) : It is unacceptable ; humanity prevails and they are immediately released
MSC will implement a markup of noli for maritime transport from the Far East to the Mediterranean
Geneva
Increases of 25% and 18% for containers from 20 'and 40' direct in the western Mediterranean and Adriatic
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
Environmental authorization of the Region to dredging the quays from 19 to 26 of the port of Ancona
Ancona
The intervention will cost a total of 16.5 million euros.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
In the third quarter the container traffic handled by HHLA dropped by -2%
Hamburg
In Trieste the volumes processed by PLT Italy in the first nine months of 2024 have decreased
In October container traffic in the port of Hong Kong grew by 0.7%
Hong Kong
In the first ten months of 2024, a decline of -5.2%
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
Last month the port of Singapore handled 3.5 million containers (+ 8.1%)
Singapore
In the first ten months of 2024, growth was 6.2% percent.
MSC has completed the acquisition of the majority of logistics company MVN
Geneva / Milan
The Milanese business plans to close 2024 percent with a turnover of 100 million euros.
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
Port of Gioia Tauro, the memorandum of understanding for security in working environments and port operations
Joy Tauro
Will have a duration of three years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
››› Meetings File
PRESS REVIEW
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
The meeting in Rome between the representatives of Italian ports and ports in Florida
Rome
Expect a comparison to find common themes on which to set up a benchmarking task
This year the Cruserists in the port of Ancona have grown by 18.9%
Ancona
25.1% increase in transits and drop by -5.1% of landings and embarkation
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
Ok to the 2025 forecast budget of the AdSP of the Tyrrhenian Sea Centre North
Cyvitavecchia
It presents a surplus of more than 2.5 million euros
In Palermo, the first sheet of the new ferry for the Sicilian region was cut off.
Trieste / Palermo
The delivery of the ship is scheduled for 2026
Global Ship Lease's quarterly revenue records show the first decrease since the end of 2018
Athens
The company believes that its container fleet has very good future prospects of employment
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
A worker has passed away in the port of Crotone
Joy Tauro
He would suddenly go down to the ground while talking to some colleagues
Torbianelli : well the ok of CIPESS in financing the future Molo VIII of the port of Trieste
Trieste
Of the estimated 315 million euros, 206.9 are expected by the state
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