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04 April 2025 - Year XXIX
Independent journal on economy and transport policy
16:12 GMT+2
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BRIEFS
December 29, 2016
Sched Netweb site
  • Asia-Europe rate rises 4.3pc to US$1,049/TEU, up 1.7pc to Med
  • Maersk ups A-E rate to US$1,300/TEU, spot mart up on Lunar New Year
  • Box ship scrapping rises in 2016 to 700,000 TEU, panamaxes first to go
  • King Abdullah Port's new berth 5 and 6 to open soon to bulk, ro/ro cargo
  • Hapag-Lloyd's 10,589-TEU Valparaiso Express biggest to transit Panama
  • Zim merges 2 Pacific Northwest strings, upgrades ZCP all-water to USEC
  • Panalpina commits to cutting carbon emissions by 20pc by 2025
  • Goodman signs 5 majors to 98,120 square metres in its Pudong logistics park
  • French reefer truck major expands into Holland with buy-in and buy-out
  • CEVA to provide warehousing, relabelling in UK to Australia's Arlec
  • Ship recycling conference takes place in London on January 25-26
  • Global air cargo box market is to grow 4.3pc a year through 2021
  • Qatar to start Doha cargo service in Q1 to BA, Sao Paulo, Quito, Miami
  • Bangladesh asks UK to lift ban on Dhaka-London direct cargo flights

Exim Indiaweb site
DECEMBER 28, 2016
  • Genesis & Enforcement of Maritime Liens
  • MOL's key developments in 2016
  • Multiple initiatives set the stage for growth, says Ministry of Shipping in year-end review
  • Chennai Port attains a new draught high

IHS Maritimeweb site
DECEMBER 28, 2016
  • Asia ports outlook 2017: South Asian ports seek access to future markets
  • Asia ports outlook 2017: Southeast Asia dynamic with port developments
  • Asia ports outlook: China drives port change
  • Siva Bulk Ltd in the middle of restructuring
  • Green compliance takes regulatory spotlight
  • DBS Bank appoints receivers for Swissco vessel
  • ICBCL eyes initial USD1 billion Iranian ship order
  • Swedish ballast system secures US Coast Guard approval
  • China's top ports book further growth in November
  • MOL boss: Restructuring and box line merger will drive profits
  • Korea South-East Power to work more closely with local shipowners

Marine Logweb site
DECEMBER 28, 2016
  • DDG 115 completes acceptance trials
  • Crowley unit wins ISO info security certification
  • Queens residents get preview of Citywide Ferry
  • INTTRA celebrates its 15th anniversary
  • Great Lakes Dredge and Dock names new CEO
  • USCG type approves OceanSaver BWTS
  • Fincantieri said to be sole bidder for STX France

Lloyd's Listweb site
DECEMBER 28, 2016
  • Data Hub: Load Factors
    Limiting the influx of supply helps tighten fourth quarter utilisation services to northern Europe from Asia, but load factors waver on Mediterranean and Middle East routings
  • Zim to quit TSA
    Israeli line to leave transpacific discussion group at the end of the year
  • Chinese rig builders form alliance
    Cosco Shipping will chair newly-established CODIA
  • Dryships 2.0
    George Economou switches hats, becoming company's largest creditor while obscure investor becomes its largest shareholder
  • HMM accused of overambitious growth forecast
    Korean carrier's projections for a 5% global market share lack a 'coherent strategy', says Alphaliner
  • Tangshan and Tianjin set up container terminal joint venture
    Neighbouring ports hope Tangshan's focus on feeder port and Tianjin's position as a hub can complement each other's business
  • Korean authorities back Hanjin court receivership
    Not realistic to keep Hanjin on life support until a recovery occurs, says FSC chairman
  • STX unit's auction falls through
    Court to reschedule another auction in early-2017
  • Rizhao Port appoints new chief financial officer
    Outgoing CFO Shi Ruxin resigns due to 'personal reasons'
  • DSME office employees to go on leave without pay next month
    Move is part of cost optimisation measures as shipbuilder undergoes restructuring
  • India unveils company to finance port development projects
    Sagarmala Development Company to help manage risk for projects across multiple states and regions in the country
  • Amsterdam keeps river cruise shore power fees flat for 2017
    Port intends to review shore power infrastructure upgrades in 2017
  • Petrobras axes charter with Golar LNG Partners
    Early termination charge to be paid according to terms of contract

The Journal of Commerceweb site
DECEMBER 28, 2016
  • US ports' battle for resins will intensify in 2017
  • Antwerp handles 10 million TEUs for first time
  • Terminal automation: Expensive, unsexy but consistent
  • Chinese port figures hint at global demand recovery
  • India waters down order to scrap shipping surcharges

TradeWindsweb site
DECEMBER 28, 2016
  • US stock markets drag down shipping shares
    Navios Maritime and Pyxis Tankers lead decline; Gener8 Maritime defies gravity.
  • Eighteen still missing from Starlite Atlantic
    Starlite Ferries-owned ropaxone of three ships hit by Typhoon Nina off Philippines.
  • Naviera Armas said to buy Hellenic ropax
    Catamaran Highspeed 6 said to be headed for Spain after sale-and-purchase deal.
  • Most of crew leaves Newlead Victoria
    Master says ship is 'not properly manned,' but crew has become desperate.
  • Great Harvest loss swells amid dry gloom
    Auditors reiterate doubts as Hong Kong-listed bulker owner reports $21.5m in red ink.
  • Zim Shipping quits transpacific lobby
    Five liner operators, including the Israeli company, have exited the TSA in 2016.
  • Dragnis adds MR tanker to private fleet
    Oceangold Tankers is believed to have paid $9.2m for a 2002-built vessel while sending oldie for scrap.
  • Eurotankers picks up Teekay suezmax
    Greek owner emerges as the buyer of a 151,000-dwt tanker sold for $21m.
  • Consolidation in Dutch multipurpose sector
    Merger of four ship management brands comes as nine former Flinter ships sold at auction for $44.48m.
  • Alphaliner: HMM plans are unrealistic
    Liner industry analyst has negative view on Korean company's ambitions to double its capacity market share.
  • Ernst Russ takes Marenave stake
    Talks to incorporate another investor extended to 27 January.
  • Fincantieri the sole bidder for STX France
    Italian shipbuilding group was the only company to make an offer for European subsidiary of STX.

American Shipperweb site
DECEMBER 28, 2016
  • Commentary: The real threat (and solution) for U.S. jobs
    In mere weeks, Donald Trump will be inaugurated as president, and part of the platform upon which he rode to Washington was the idea that m...
  • Ocean carriers unveil skipped voyages around Chinese New Year
    The 2M Alliance - comprised of Maersk Line and MSC - is temporarily reducing sailings on the Asia-North America and Asia-North Europe/Medit...
  • BIMCO: U.S. experiences sharp decline in coal exports
    Source: BIMCO, EIA Tonne-miles from U.S. coal exports has declined by half over the past three years, according to an analysis from The Bal...
  • Port of Wilmington, N.C. teams up with Enviva
    The wood pellet domes at Enviva's terminal at the Port of Wilmington, N.C. are now operational, with the first loading of exports to Europe...
  • GLP to develop logistics park in Japan
    Global Logistics Properties (GLP) secured a strategic land parcel for long-term logistics facilities development in Greater Tokyo, the comp...
  • Clarification: Kerlikowske finishes CBP tenure with praise on trade issues
    Tuesday's article, "Kerlikowske finishes CBP tenure with praise on trade issues," quoted Virginia Thompson, but failed to include her aff...
  • Special coverage: New ship orders plummet in 2016
    Source: Chris Dupin Orders for new ships have plummeted in 2016 as a result of a slowdown in global trade growth and rampant oversupply of ...

The Bunker Bulletinweb site
DECEMBER 28, 2016
  • Physical HSFO East-West spread at 11-month high amid firm Singapore demand
    The last time the spread was higher was in the first decade of January 2015, when it reached $40.19/mt, according to S&P Global Platts data.
  • Waterborne inventory, delays choke USGC naphtha, components markets
    "There is plenty of volume floating on the water unsold, begging for bids," a US refined products trader said.
  • USGC distillate exports to Europe flat at 1.02 million mt Dec to date
    A total of 10 new fixtures appeared on the trans-Atlantic route since the most recent estimate was published last week, bringing the number of vessels to discharge in December to 23.
  • FEATURE: Bunker market enters 2017 in uncertain state
    Demand will remain under pressure as the shipping industry seeks to address vessel oversupply in the container and dry bulk sectors, as well as declining earnings for tanker owners.
  • Outbound pilot boardings resume on Houston Ship Channel
    Visibility was adequate for outward transits, but was still at zero on the Galveston Bar, meaning inward traffic was halted, Mayes said.
  • Panama bunker fuel at 17-month high as year's end nears
    IFO 380 CST in Balboa was heard talked in the range of $320-$330/mt Wednesday
  • External: Wired Bunkering
  • FUTURES 2: Crude steady after spiking on Venezuela supply cut
  • JAPAN DATA: Oil product stocks slip 1.9% on week to 64.03 mil barrels
    But high sulfur marine diesel output rose 25.5% week on week and 38.1% year on year.
  • FUTURES: Crude stable after overnight surge on supply cut optimism
    But analysts said cuts were aimed more at drawing down excess inventories sloshing in storage tanks worldwide than long-term support for crude prices.

›››File
FROM THE HOME PAGE
Ahead of the election, Australia is arguing over who will oust China's Landbridge from the Port of Darwin
Darwin/Strathpine
Assurances to this effect were given by both Prime Minister Albanese and opposition leader Dutton.
US tariffs will cause a four percentage point reduction in the expected volume of world trade
Geneva
The World Trade Organization believes so
84% of new constructions ordered by the Italian navy will be built in China
Rome
Analysis by the Confitarma Study Center on the possible impacts of US duties on the national shipping industry
GNV ships will call at Algerian ports for the first time
Genoa
In summer, the weekly connections Sète-Algiers and Sète-Bejaia will be activated
Boluda Towage and Marsa Maroc to operate towage services in the new port of Nador West Med
Valencia
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Paris
Rather, he stressed, multilateral solutions are needed to resolve the long-standing inefficiencies and inequalities in the global trading system.
Guerrieri appointed extraordinary commissioner of the Northern Tyrrhenian Sea Port Authority
Leghorn
The mandate granted by MIT has no expiration date
APM Terminals buys the Panama Canal Railway Company
The Hague
The company operates the railway line parallel and adjacent to the Panama Canal
Piloda plans a hub for ship repair, refitting and demolition in the port of Brindisi
Naples
Expression of interest for the reconversion and reindustrialization of the former coal power plant area
Kuehne+Nagel to handle spare parts logistics for Changan electric cars in the European market
Schindellegi
Agreement with the Chinese car manufacturer
A.P. Møller Holding submits offer to acquire entire share capital of towing company Svitzer
AP Møller Holding submits offer to acquire entire share capital of towing company Svitzer
Copenhagen
The Mærsk family investment company already owns 47.0% of the company
Public interest declared for MSC, Neri and Lorenzini's project for a new container terminal in Livorno
Slight annual growth in freight traffic in Italian ports driven by containers
Slight annual growth in freight traffic in Italian ports driven by containers
Rome
In the container segment, the strong increase in transhipments offset the decline in imports and exports
Turkey's Desan Shipyard in talks to take over Mangalia shipyard
Bucharest
The Tuzla plant is much smaller than the Romanian one
Six international shipping associations present a guide to planning safe navigation
London
TUI awards Fincantieri contract for two new cruise ships for Marella Cruises
Hanover/Trieste
Deliveries are scheduled for 2030 and 2032
ESPO urges EU and Member States to allocate funds to decarbonise ships and ports
Brussels
Earmarking Innovation Fund proceeds to stimulate demand for clean marine fuels
China Antitrust Launches Investigation into Hutchison Ports' Panama Terminal Sale
Beijing/Hong Kong
Panama Ports Company operates the Balboa and Cristobal ports
PSA posts annual revenue growth, but profits fall
Singapore
Sharp increase in operating costs across the board
Temporary Port Labor Supply Company in Cagliari Extended for Another 18 Months
Cagliari
In 2024, cargo traffic in Chinese seaports grew by +3.5%
Beijing
Increase of +6.9% in traffic with foreign countries. In the first two months of 2025, 1.75 billion tons were moved (+1.6%)
Chinese container maker CIMC posts bumper 2024
Hong Kong
Almost 3.6 million containers sold (+372%). Record revenues
Le Aziende informanoSponsored Article
AAL Shipping sceglie il sistema di consulenza marina di ABB per ottimizzare la flotta Super B-Class
In February, freight traffic in the port of Genoa fell by -4.4% and in Savona-Vado it increased by +24.5%
Genoa
Cruise and ferry passenger decline
ICS, Trump's proposed measures against Chinese ships risk having significant unwanted consequences, even for the US
Washington
Strong opposition to their introduction also expressed by the WSC
Intercargo, international measures for decarbonisation of shipping must be simple and clear
London
Gkonis: Must not compromise operational efficiency and smooth global transport of essential goods
Port of Barcelona invests 124 million to develop sustainable fuel traffic
Barcelona
Construction of three new moorings at Moll de l'Energia
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
Augusta
A total of 7.9 million and 23.0 million tons of cargo were handled
In 2024, the terminal operator HHLA recorded record revenues with a growth of +10.5%
Hamburg
Profit after taxes amounted to 56.4 million euros (+33.1%)
Launch of a public consultation for the updating of the PRPs of the ports of Genoa and Savona-Vado
Genoa
The involvement of territorial, economic and social communities is foreseen
ITU, ICAO and IMO highlight risks to maritime and air transport caused by attacks on satellite communications
Geneva/Montreal/London
London Government presents its strategy for decarbonising maritime transport
London
The measures for ports will be defined after a public consultation that will take place in the coming months
For security, military ships are not enough, merchant ships are also essential
London
TUI in talks with shipyards for two new cruise ships for Marella
Hanover
Slots available starting from the 2031 financial year
ANESCO, with the Port Employment Centers, accidents have decreased in the three main Spanish ports
Madrid
67% reduction in lost work days per year
Filt, Fit and Uilt, no to the transformation from "article 18" to "16" of the Livorno port company LTM
Leghorn
Unions ask port authority to block proliferation of new economic entities
Last year Fincantieri recorded record revenues and new orders
Last year Fincantieri recorded record revenues and new orders
Trieste
Folgiero: the first fruits of our strategy and industrial vision have been harvested
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
Shanghai
In the period, the container ships of the Chinese group's fleet transported 6.9 million TEUs (+13.1%). Containers on the Asia-Europe/Med routes fell
Porto Marghera, renewal of concession to Terminal Rinfuse Venezia
Venice
New 25-year contract. Investments of over 53 million euros expected
In the last quarter of 2024, container traffic alone increased in French ports
Paris
In the whole year, containers amounted to over 5.3 million TEU (+11.5%)
Carnival Sets New Low Season Quarter Records December-February
Carnival Sets New Low Season Quarter Records December-February
Miami
Positive outlook for the remainder of the 2025 financial year
Rail Losing Ground in Transalpine Freight Traffic Through Switzerland
Bern
In 2024, trains transported 25.7 million tons of cargo (-3.7%)
CK Hutchison's Port Division revenues grew by 10.8% last year
Hong Kong
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
Next week Italian ports will participate in Seatrade Cruise Global
Rome
Initiative brand: "CruiseItaly - One Country, Many Destinations"
MSC Group Cruise Terminal Officially Inaugurated in the Port of Barcelona
Barcelona
In 2027 it will be equipped with a cold ironing plant
Marcegaglia and Nova Marine Carriers form NovaMar Logistic joint venture
Lugano/Gazoldo of the Ippoliti
A general cargo ship will transport raw materials to the steel group's plants
Liebherr achieves record annual sales in the maritime and port crane segment
Bulls
Strong demand for offshore and container handling equipment
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
Last year, 656 ships underwent repair work in Greece
Piraeus
Increase of five units compared to 2023
Port of La Spezia, cruise ship docking simulations completed at Garibaldi West pier
The Spice
Assagenti conference on the future of the profession of maritime agent and broker
Genoa
It will be held tomorrow in Genoa
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
Stena Line presents a project for a ro-ro vessel capable of reducing energy consumption by at least 20%
Gothenburg
Introduced most of the innovative technologies currently available
Saipem awarded new contracts in Middle East and Guyana
Milan
The total value of the orders is approximately 720 million dollars.
Conference in Genoa for the centenary of Ente Bacini
Genoa
The company was established on 19 February 1925
Interporto Bologna Board of Directors Renewed
Bentivoglio
Stefano Caliandro Appointed President. Loss of 1.7 million euros in 2024
NYK invests 76 billion yen in NYK Energy Ocean Corporation
Tokyo
The newco has taken over the activities of ENEOS Ocean
Decarbonisation of maritime transport will be faster in the EU and the US
DHL Acquires CRYOPDP
Bonn/Nashville
The company provides courier services for clinics and healthcare
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Over a million to the port companies of Livorno and Piombino to acquire green vehicles
Leghorn
The ranking for admission to the PNRR-Next Gen Eu contributions has been published
COSCO Shipping Development Co.'s container sales increased by +204.1% in 2024
Shanghai
The related turnover increased by +124.0%
The call for funding for the purchase of electric vehicles in the ports of Genoa and Savona-Vado has been published
Genoa
Yang Ming Buys Three New 8,000 TEU Containerships
Keelung
They will be delivered between 2028 and 2029
Construction of a cruise ship for Regent Seven Seas Cruises begins in Marghera
Trieste
Fincantieri will deliver the unit in 2026
Federlogistica establishes operational offices in Spain and Brazil
Genoa
The aim is to go beyond theoretical cooperative relationships
Over a Ton of Cocaine Seized in the Port of Gioia Tauro
Reggio Calabria
If placed on the market it would have generated over 187 million euros
In 2024, the economic results of Interporto Padova reached record values
Padua
Revenues up +17%
Three ceremonies at the Saint-Nazaire shipyard for three new MSC Cruises ships
Geneva
New flagship "MSC World America" delivered
German railway company DB Cargo reduced losses in 2024
Berlin
Revenues down again. -9.0% drop in freight volumes
NovaAlgoma orders second 38,000 dwt cement carrier in China
Lugano
It will be taken over in 2027
Customs agreement between Italy and Brazil to facilitate trade
Brasilia
Mission of the Customs and Monopolies Agency in the South American nation
A team from La Spezia Container Terminal in Rotterdam to test advanced technologies
The Spice
ECT Hutchinson Ports Training Center Visited
The assembly of Genoese freight forwarders on Monday
Genoa
It will be held at the Palazzo della Borsa in Genoa
Assarmatori, in Italy the ferry segment cannot bear the burden of the EU ETS in a very fragile market situation
Brussels
Messina: Protecting shipping from the ideological excesses of the Green Deal
The website of the Port Authority Corps - Coast Guard has been renewed
Rome
It has become a single digital access point to documents and services
In 2024, inland waterway freight transport in Germany increased by +1.2%
Wiesbaden
The volume, at 173.8 million tonnes, is the second lowest since 1990.
APM Terminals Granted Port of New York - New Jersey Concession Renewal
New York
Contract for a period of 33 years. Investments of 500 million dollars are expected
Experimentation of crane automation has begun at the Interporto Padova terminal
Padua
The interport company awarded the "Industria Felix 2025 Award"
Container traffic in the port of Algeciras fell by -17.0% in February
Algeciras
Both import-export volumes and transhipment are decreasing
New cruise company Crescent Seas has been founded in Miami
Miami
The fleet, initially consisting of one ship from Regent Seven Seas Cruises, will grow to five units within the next five years
In 2024, the volume of vehicles transported by Wallenius Wilhelmsen's fleet decreased by -9.7%
Oslo
Traffic down on almost all global routes
Agreement between Assoporti and Assologistica and the Florida trade, transport and port authorities
Rome
It was signed today
In April a mission in Albania of The International Propeller Clubs - Italy
Genoa
It will take place on the 9th and 10th in Tirana and Durres
COSCO Shipping Ports revenues rose to a record $1.5 billion in 2024 (+3.3%)
Hong Kong
In the fourth quarter alone, a decrease of -3.0%
SO.RI.MA. (FHP group) granted a concession of an area of 125 thousand square meters in the port of Chioggia
Venice
Investments of 11.5 million euros expected over 25 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
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
››› Meetings File
PRESS REVIEW
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
Govt. to woo top ten shipping liners in world for Colombo port expansion
(Daily Mirror)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Contship Italia’s intermodal network has been extended to the Gulf Terminal in La Spezia
Melzo
Connections with the inland terminals of Milan, Modena and Padua
Container traffic in the port of Valencia grew by +15.2% last month
Valencia
The overall volume of goods handled increased by +6.8%
The Northern Tyrrhenian Sea Port Authority obtains gender equality certification
Leghorn
It is the first Italian port authority to obtain this recognition
Container traffic growth weakens at ports of Los Angeles and Long Beach
Los Angeles/Long Beach
Last month, increases of +2.6% and +13.4% respectively were recorded
Assarmatori, the Italian government's position on the impact of the EU ETS on shipping and ports is good
Rome
Messina: fully understood the risks and distortions of European climate regulation
PSA Italy's Genoa port terminals awarded anti-corruption certification
Genoa
The UNI EN ISO 37001 standard defines the requirements for an effective anti-corruption management system
Assiterminal presents three projects for the sustainable transition of the Italian port sector
Rome
Work completed on docks 33 and 34 of the port of Civitavecchia
Civitavecchia
50,000 square meters of yards prepared
The completion and doubling of the Pontremolese is the dream-nightmare of the La Spezia port community
The Spice
Fontana: Money is not found when enormous resources are channeled into railway lines of dubious utility
Hanwha acquires 9.9% stake in shipbuilding company Austal
Sydney
Investment worth approximately 116 million US dollars
The European fleet is growing but competing fleets are growing at a faster rate
Brussels
Raptis (European Shipowners): investing ETS revenues in clean shipping technologies and fuels
Trasportounito has confirmed the national halt to the transport of goods
Rome
Proclaimed for the duration of five days from March 31st to April 4th
Container traffic in Hong Kong port increased by +9.1% in February
Hong Kong
However, for the second time in the last 25 years, cargo volume was below one million TEU.
Cargo traffic in Greek ports stable in Q3 2024
Piraeus
The increase in volumes transported on domestic routes has offset the decline in traffic with foreign countries
At the Vado Ligure container terminal a 21,000 teu container ship fully loaded
I go to Liguria
The 400-meter-long Cosco Shipping Nebula has landed
UIR proposes a permanent table for the development of intermodality
Verona
The main task is to build a project financing program.
Restructuring plan approved for Spanish company Armas Trasmediterránea
Las Palmas de Gran Canaria
Creditors' appeal rejected
The decline in cargo traffic at the port of Singapore worsened in February
Singapore
Containerized cargoes amounted to 27.4 million tons (-3.6%)
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