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05 November 2024 - Year XXVIII
Independent journal on economy and transport policy
13:50 GMT+1
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BRIEFS
April 6, 2018
Sched Netweb site
  • ONE member liners complete joint venture investment of US$3b
  • Cosco christens 3rd 20,000 TEU containership built at China yard
  • China slaps tariffs on 128 US goods including meat and wine
  • US releases list of US$50b in Chinese imports targeted for tariffs
  • PSA-Panama hosts first post-panamax containership
  • Container shipping to deploy artificial intelligence to fuel growth
  • UAE Maersk staff and customers raise funds for education in Africa
  • Air China starts Beijing-Houston-Panama City service
  • Big data analytics, globalisation are vital for businesses in APAC: EIU study
  • Turkish Cargo flies 1.5 million live fish from Oman to Turkey

Exim Indiaweb site
APRIL 5, 2018
  • APL introduces China Bangkok Express service
  • Better supply-demand balance & higher freight rates forecast for container shipping
  • New report reviews pathways to zero-carbon shipping
  • Panel discusses issues relating to trade promotion through sea route, building up robust port & coastal infrastructure & revising & relaxing maritime regulatory issues to promote blue economy in India
  • PDP Shipping & Projects receives AEO status
  • APM Terminals Mumbai handles record volume in 2017-18
  • JNPT's DPD transport solution to kick off from May 1 this year
  • Clarifications with respect to the e-way bill system
  • Cabinet approves MoU between India & Iran on setting up expert group for trade remedy measures
  • Total INR 17,616 cr. of refunds issued to exporters under GST

International Transport Journalweb site
  • Discrepancies for a duo
  • Expected and surprised
  • New freight train eases Chinese steel exports
  • Indian logistics park shortens transit time by 22 hours
  • No more KOG Worldwide
  • Shareholders added for MIT in Port Moresby
  • Project cargo to Toulouse
  • New nonstop Austria-Germany links
  • Curious change of functions on DHL executive board
  • Operations commence in Yang Ming affiliate
  • Mainfreight partnering Henkel
  • Russian airlines loosing freight volume
  • Hupac adding trains for Italy-UK services
  • New Netherlands-UK service
  • Progress for Sinotrans in 2017
  • Garlichs new Siemens PPA Logistics COO
  • Slot management at Brussels and Frankfurt airports

IHS Maritimeweb site
APRIL 5, 2018
  • COSCO plays down trade war risks
  • "K" Line pleads guilty of Australian car shipment 'cartel' activity
  • Seoul unveils five-year plan to save its maritime sector
  • Marine insurers seek to calm liability fears over AI
  • Updated: Samsung HI wins LNG carrier pair
  • European bulk terminal operator HES International changes hands
  • South Korea and India import more ammonia from Trinidad & Tobago

The Loadstarweb site
APRIL 5, 2018
  • Customers angry as 'capacity-hobbled' UPS quietly pushes up fuel surcharges
  • Strong start for air freight, but trade wars could start a downdraught
  • E-commerce logistics operators will be hit hard by new HMRC rules
  • US-China trade spat looks set to rearrange perishables supply chains
  • 2035 and all that: global warming, ship emissions and acronym soup
  • ATA's Costello paints grim picture of US truck driver shortage - it's a big number

Marine Logweb site
APRIL 5, 2018
  • VIDEO: New Norwegian polar vessel set to be operational by June
  • AWO approves MARCOM as Responsible Carrier Program auditor
  • K-Line pleads guilty to criminal cartel conduct in Australia
  • South Korea unveils restructuring plan for shipping and shipyards
  • White House condemns Houthi attack on commercial vessel
  • Horizon Shipbuilding reports busy year
  • RAD-Power to support Karl Senner products in Canada

Lloyd's Listweb site
APRIL 5, 2018
  • Owners divided over relative value of newbuilds and secondhand vessels
    Forum opinion divided over extent to which private equity funds will continue playing a key role in the industry
  • Beijing brings trade wars to tankers with a proposed tariff on propane
    Tanker owners risk being hit harder than the US energy and Chinese petrochemical industries in a trade war
  • What now for gender pay?
    Take a deep breath, it's time to recalibrate everything you knew about employment
  • California fines MSC for emissions violations
    Box carrier to pay $350,000 penalty after four ships violate clean air rules
  • Viewpoint: Too much expectation
    The explosion in ship sizes has led to people having to take a lot of risks in waters never designed...
  • Gender pay gap figures revealed
    V Ships, NYK Group and Carnival among worst offenders with significant gender pay gaps revealed
  • Iron ore and minor bulk demand growth to drive up bulker earnings
    Coal imports to China and India could surprise to the upside but medium term prospects look better for smaller vessels
  • Team Tankers finalises Laurin deal
    Deal will take the Team Tankers fleet from 37 to 52 vessels
  • Long Beach aims for low emissions
    Vehicles and cranes targeted for zero-emissions trial
  • SHI wins order for LNG pair
    Newbuilds tie in with GasLog's order for two vessels reported last month
  • South Korea's new maritime plan includes orders for 200 vessels
    The 200 vessels comprise 140 bulk carriers and 60 containerships
  • Singapore arrests Vermont UM vessels as firm's troubles grow
    Tighter regulatory oversight and fierce competition in Singapore's bunkering sector have seen a number of companies exit the sector in...
  • Soyabean flows from US at risk from trade spat
    US-China trade disputes will not reduce global demand but will see flows adjust, says agribusiness forecaster IEG Vantage
  • K Line pleads guilty to criminal cartel conduct in Australia
    The charges concern the shipping of vehicles to Australia between July 2009 and September 2012
  • Cyber attack - an act of war or terrorism? Are you covered?
    The potential exposure faced by the maritime industry must not be underestimated

The Journal of Commerceweb site
APRIL 5, 2018
  • 12 steps to becoming a shipper of choice
  • Traditional forwarders shrug off threatened digital disruption
  • After strongest US growth, Philadelphia port to double capacity
  • Tariffs threaten nearly 7 percent of China-US container trade
  • Long Beach, SSA Marine launch electrification effort to meet emission goals
  • DP World Cochin Terminal leads India major ports' growth
  • US-China trade tariff drama undermining air cargo confidence

TradeWindsweb site
APRIL 5, 2018
  • Sveaas backs Norgas in bid to help IM Skaugen
  • Banks stalk rogue tanker at centre of Alang standoff
    Vessel slipped arrest in Sharjah last year but has since been circulated to cash buyers at a bargain price
  • Revived RVI tool is being crafted for LNG carriers
    Financial product that guarantees value of a vessel at the end of its lease may have new relevance for gas shipping sector
  • Aviation product never really got off the ground in shipping
  • Kalani cases crawl through US courts at a snail's pace
    Judge rules out merger of DryShips and Top Ships lawsuits, but little else has been decided as plaintiffs quarrel
  • Scorpio Tankers amends key interest covenant
  • Buyback boosts Economou's DryShips stake beyond 70%
    Recapitalisation sends owner's holding soaring back towards pre-IPO levels
  • Wilhelmsen $400m bid for Drew Marine hangs in the balance
    US competition watchdog objects to acquisition of world's second-largest provider of water treatment chemicals
  • Exmar taps proverb to post mixed results
  • Shipping industry faces moment of truth on climate change stance
    IMO member nations must agree an ambitious global programme of cuts to greenhouse gas emissions or shipping will face a divisive patchwork of regional measures
  • ONE takes to the stage as an instant top-10 outfit
  • Schuldt fleet move would lift Blue Net into top spot
    Third owner expected to join two of the world's largest containership tonnage providers in merging their fleets into a single massive chartering desk
  • Surge in LNG carrier orders at South Korean shipyards
    The first quarter's deals already closing in on 2017's bookings, although brokers and suppliers' forecasts vary widely on likely year-end total
  • Sigtto expects big turnout at London event
  • Sharjah poised to float FSRU requirements
  • JX Ocean taps HHI to build VLGC
    Newbuilding deal at South Korean yard marks firm's first order outside of Japan
  • Cosco OSV deal architect takes CFO role at Seacor
    Long-serving strategy executive Jesus Llorca steps up to finance job
  • 'The Farstad organisation has gone'
  • Ex-Farstad boss Bakken emerges to head up Remoy
    Karl-Johan Bakken has left a big fish to join a relative minnow, but he is happy to beef up his local offshore cluster
  • Greenpeace: Equinor as smelly as Statoil
  • UK will be exempt from EU shiprecycling rules after Brexit
  • Absence of major incidents sparks burning cost caution
  • Allen discovers wreck that inspired Spielberg movie
  • Tanker scrapping on a lasting roll - analyst
    More than 130 vessels may be torched after busiest first quarter ever, analyst says
  • Shipbroker Prapopulos dies at 81
  • Petrobras portal draws howls from shipbrokers
    Petronect was launched three years ago to drive chartering efficiencies, but it is increasingly frustrating shipbrokers
  • Master who then became a broker
  • From fixing VLCCs to fishing for salmon with Fredriksen
    Affinity's Per Mansson heads into retirement with a typically shrewd assessment of the market and some well-chosen advice for shipowners and brokers
  • Slow steaming helps VLCCs to rebound after slump
    'Appallingly low returns' drive crude carriers to travel two knots slower than last quarter
  • Beibu doubles money on kamsarmax bulker with S&P deal
  • Omicron exits handysizes with sale of veteran
  • Graig selects yards for ultramax orders
    Family owned Welsh shipping company is placing its first orders in eight years with an upgraded ultramax design
  • Golden Ocean tipped to sell bulker
  • Major shipping firms pledge to bridge UK gender pay gap
    V.Ships, Clarksons and Braemar among the big names to reveal pay data and promise to push for greater diversity.

American Shipperweb site
APRIL 5, 2018
  • China requests WTO consultations over 'Section 301' tariffs
    China has requested World Trade Organization (WTO) consultations with the United States over tariffs proposed by the Trump administration p...
  • U.S. companies up in arms over how to handle China's trade practices
    The Trump administration has proposed tariffs on $50 billion worth of goods to counter observed unfair intellectual property (IP) and techn...
  • South Korea to assist in 200 ship orders
    South Korea will assist companies in placing orders for about 200 commercial vessels in the next three years to help its shipping and shipbu...
  • L.A. Harbor Commission president resigns
    Vilma Martinez announced that she's stepping down as president of the Los Angeles Harbor Commission, effective Friday. She has served on th...
  • Executive Moves: BDP International and Pilot Freight Services
    BDP International has named Chris LoPriore vice president of global sales and marketing. He joins the Philadelphia-based freight forwarder ...
  • McLeod Software integrates with LoadPay
    McLeod Software has integrated with online freight marketplace Truckstop.com's payment platform, dubbed LoadPay, the companies announced. ...
  • FWS proposes to list snake as threatened
    The Fish and Wildlife Service (FWS) is issuing a proposed rule to list the Louisiana pine snake as a threatened species under section 4(d) ...
  • APHIS unveils new phytosanitary option for Chilean lemon imports
    The U.S. Department of Agriculture's (USDA) Animal and Plant Health Inspection Service (APHIS) is offering another option to fulfill phytos...

The Bunker Bulletinweb site
APRIL 5, 2018
  • Bunker demand at Malta rises on Greek holiday
    Bunker demand at Malta firmed Thursday as ships that would have bunkered at Piraeus, Greece, diverted to Malta, sources said.
  • European fuel oil market weakens as oversupply bites
    The European HSFO market suffered from a surplus of product in the first quarter of 2018, a situation expected to drag into Q2 due to slack bunker demand in both Europe and Asia, as a lack of Middle East power generation outlets weighs on the market.
  • Demand for winter-spec marine gasoil in ARA persists, despite official switch to summer
    Bunker demand for winter-grade specification marine gasoil in the Amsterdam-Rotterdam-Antwerp hub has persisted over the past week, despite the switch to summer spec on April 1, as below-average temperatures in the region lingered, sources said.
  • Freight outlook bearish amid persistent fleet oversupply
    Freight rates for VLCCs traveling from West Africa to China fell close to a 15-year low in early March and the VLCC route from West Africa to China, basis 260,000 mt, was assessed at $8.08/mt on March 7, the lowest since September 2003, when it was assessed at $7.80/mt, S&P Global Platts data showed.
  • New US sanctions on Venezuela not expected at Lima summit: White House
    The US plans to keep increasing pressure on Venezuelan President Nicolas Maduro over the next several months, but President Donald Trump will not be announcing new sanctions during his trip next week to the Summit of the Americas in Lima, Peru, a White House official said Thursday.
  • April VLCC HSFO fixtures from NWE East drop on overloaded Singapore
    The movement of European fuel oil to Asia has dwindled in April on a closed arbitrage, a well supplied Singapore market and an increase in VLCC freight rates, traders said.
  • Saudi Aramco says refinery, shipping activities normal after Tue, Wed attacks
    Saudi Arabian refinery and shipping activity were normal Thursday after a missile attack on the refinery was intercepted and an attack on an oil tanker in the Red Sea was foiled earlier this week.
  • ANALYSIS: Less Colonial Pipeline distillate demand shows shift to seasonality
    "I think it's likely to stay unallocated through the summer," a ULSD source said.
  • Yemen conflict risks spilling into oil sector
    "We continue to see Yemen as the most dangerous confrontation for the oil market as it is the one that could be the tripwire for a direct confrontation between Saudi Arabia and Iran," head of commodity strategy at RBC said.
  • US 'very concerned' after Saudi oil tanker attack in Red Sea: White House
    The attack coincides with the UN's High-Level Pledging Event in Geneva, where a Saudi-led coalition contributed $930 million.
  • China to cut VAT by 1 percentage point across sectors, effective May 1
    Most goods in the oil sector -- including crude oil, gasoline, gasoil, naphtha, jet fuel and fuel oil -- will see VAT decline to 16%, from 17% currently.

›››File
FROM THE HOME PAGE
At the end of the year Fret SCNF will cease to exist and the activity will be detected by the new companies Hexafret and Technis
St. -Ouen
The deal is aimed at averting the payment of 5.3 billion euros.
Tzitzikostas : At the beginning of my mandate I will present a strategy for European ports
Tzitzikostas : At the beginning of my mandate I will present a strategy for European ports
Brussels
"The competitiveness of the transport sector must be based on sustainability," the European Commission said.
Norwegian Cruise Line Holdings records record quarterly revenue
Miami
In the July-September period of this year, the group's ships have embarked on 812mila passengers (+ 9.7%)
The intermodal hubs of Melzo and Milan Smistamento will be retaken in the ZLS of the port and retroport of Genoa
Milan
Deliberation approved by the regional junta of Lombardy
It amounts to 39 billion euros per year the public investment needed to decarbonize European transport.
It amounts to 39 billion euros per year the public investment needed to decarbonize European transport.
Brussels
The estimate in a new study of Transport & Environment
The crisis in the Red Sea has caused a hole of six billion dollars in Egypt's coffers
The crisis in the Red Sea has caused a hole of six billion dollars in Egypt's coffers
Cairo / Alexandria
Scali at the Egyptian port of El Dekheila of the services of Vuxx Shipping between China and Russia
In the third quarter, freight traffic in Chinese seaports grew by 1.7% percent
Beijing
The only volumes to and from abroad have increased by 5.0%
In the July-September quarter, naval traffic in the Bosphorus Strait grew by 6.4%
Ankara
In the first nine months of 2024, the increase was 7.1%
DFDS will not acquire the international transport network of Ekol Logistics
Copenhagen / Istanbul
Exchange of allegations : The Danish group claims that certain contract conditions have not been met ; the Turkish company replies that it has received a discount request in the last 24 hours
In the first quarter of this year, traffic in European Union ports fell by -3.2% percent.
In the first quarter of this year, traffic in European Union ports fell by -3.2% percent.
Luxembourg
The only traffic in containers (+ 5.2%) is growing. Still doubts about the figures attributed to Italy
ECSA and T&E are calling for the Clean Industrial Deal to support the energy transition of shipping
Brussels
Among the demands, make ecological naval fuels available in ports
In the July-September quarter, ONE revenue grew by 65.2% percent.
In the July-September quarter, ONE revenue grew by 65.2% percent.
Singapore
The volumes of containers carried by the fleet increased by 6.6%
In the third quarter, the financial and operational results of COSCO were substantially increased.
In the third quarter, the financial and operational results of COSCO were substantially increased.
Shanghai
The volumes of containers carried by the fleet increased by 8.6%
Maersk records glowing quarterly results
Maersk records glowing quarterly results
Copenhagen
A strong performance in the containerized shipping industry has been decided. Also growing terminal and logistics
Confitarma lists actions to increase the contribution of shipping to the Italian System
Naples
Le Aziende informanoSponsored Article
ITS Costruttori, il futuro dei cantieri inizia in Accademia
Oltre 420 posizioni aperte in 17 corsi totali, con un tasso di occupazione post diploma di circa il 95% in media
In the third quarter the traffic in goods in Turkish ports decreased by -1.8%
Ankara
Volumes to and from Italy have increased by 2.9%
The Court of Appeal in Reggio Calabria gives reason to the AdSP of Gioia Tauro in the litigation that juxtaposes it to the Corap
A litigant remains pending in front of the Court of Cassation
Maersk signs an agreement with Chinese LONGi to supply its own dual-fuel vessels of methanol
Copenhagen
The Danish group already has agreements in place to meet more than 50% percent of its demand for methanol planned for 2027
Royal Caribbean again records financial results and record quarterly operating
Royal Caribbean again records financial results and record quarterly operating
Miami
In the July-September period, revenues increased by 17.4%
The association of European ports is alarmed for the planned reform of EU funding to transport infrastructure
Brussels
Transport policy and transport funding must be based on a European approach.
In the third quarter of this year, the transits of large vessels in the Panama Canal were down -38.3% percent.
In the third quarter of this year, the transits of large vessels in the Panama Canal were down -38.3% percent.
Balboa
-36.9% reduction in the volumes of goods transported through the Central American waterway
CMA CGM associates with Marsa Maroc for the management of a container terminal in the port of Nador
Marseille
Expected an investment of 280 million
Maersk confirms participation in service between Turkey and East Coast USA with scallops in Salerno, Livorno and Tanger Med
Copenhagen
Will be activated on 1st February 2025
Hapag-Lloyd will introduce shots at Italian ports in two services between the Mediterranean and East Coast USA
Hamburg / Haifa
Touches in Genoa, Livorno and Salerno in collaboration with ZIM
In the third quarter the terminals of COSCO Shipping Ports handled 29.1 million containers (+ 4.8%)
Hong Kong
Wan Hai Lines orders eight new container ships from 16,000 teu
Taipei
Committed to South Koreans HD Hyundai Samho and Samsung Heavy Industries
Fincantieri-EDGE agreement for the development of solutions for the underwater needs of military navies
Abu Dhabi / Trieste / Paris
The joint venture Maestral will deal with the design, development and construction of underwater systems
WSC, crucial mandate of new European commissioner for transport to ensure decarbonisation of shipping
Brussels
The shipowner association indicates some other priorities to be addressed
Federagents ready to illustrate to institutions the priorities of Italian ports
Rome
Pessina : available to our know-how to suggest the measures to be taken
Sébastien Romani is the new CEO of Forship Spa
Go Ligure
Subenters to Giuseppe Scognamiglio
Restyling of the landing area of the Cruserists in the port of Catania
Catania
In 2023 the traffic of cruises in the Sicilian stopover increased by 43.7% percent.
Resume work for the completion of the commercial docks of the Milazzo Port
Messina
The realization of 18,000 square metres of new aprons is planned.
In the third quarter, Kalmar's turnover fell by -16% percent.
Helsinki
New orders increased by 6%
Approved the 2025 forecast budget of the West Liguria AdSP
Genoa
Ok also at the annual review of the Triennale Operating Plan 2023-2025
Approved the 2025 forecast budget of the Central Adriatic System Authority of the Central Adriatic
Ancona
The first crane arrived to make Giammoro's pontile operating near Milazzo.
Messina
Will be installed by end of year
Green light to the forecast budget and the three-year plan of the work of the Eastern Liguria's AdSP
The Spezia
In the first nine months of 2024 the traffic of containers at Spezia grew by 8.1% percent. On 14 and November 15 the event "A Bridge To Africa"
Approved the forecast budget 2025 and the POT 2025-2027 of the AdSP of the Southern Tirreno and Ionian
Joy Tauro
Port of Livorno, seized a 40-pound load of cocaine
Livorno
Tracts under arrest three people
Approved the 2025 forecast budget of the AdSP of the Northern Tirreno
Livorno
Ok unanimous also at the Triennale Operating Plan 2024-2026
Rail Cargo Group activates a rail service between Belgrade and the port of Rijeka
Vienna
Two weekly rotations
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
HHLA reaps upward forecasts for the full financial year 2024
Hamburg
Also expected to be a slight increase in the volumes of container traffic handled by port terminals
In the third quarter, the revenues of COSCO Shipping Ports grew 11.2%
Hong Kong
In the first nine months of 2024, the increase was 5.8%
Approved the 2025 forecast budget of the AdSP of the Sardinia Sea
Cagliari
Also free from the three-year programme of works
Savino Del Bene has acquired the Seabridge Transport in Hamburg
Hamburg / Florence
The company was already acting as the administrative headquarters for the German operations of the Italian group.
In the third quarter, freight traffic in Albanian ports grew by 14.0% percent.
Tirana
In the first nine months of this year, the increase was 14.3%
In 2026, for the first time, MSC Cruciere ships will reach Alaska
Geneva
"MSC Poetry" will carry out weekly itineraries from Seattle
COSCO Shipping Lines orders six new container ships from 13,600 teu to Hudong-Zhonghua Shipbuilding
Shanghai
They will be taken in delivery by 2027
Wärtsilä records a robust uptickdown in quarterly turnover
Helsinki
In the July-September period, the value of new orders rose by 1% percent.
Unified concession for formal act for the Intergroup terminal in Gaeta port
Cyvitavecchia
Has a duration of 12 years
Arrive in the port of Gioia Tauro the last two of the 13 new quay cranes of the MCT
Joy Tauro
They can work on capacity container carriers up to 25mila teu
Assologistic has published a practical guide to customs reform
Milan
Illustrated and analyzed the novelties and critiques of the new legislative plant
In the third quarter, shipping containers in Spanish ports increased by 9.9% percent.
Transhipment traffic grew by 13.2% percent, the import-export trade of 6.4% percent.
USB Mare and Porti criticizes the agreement for the renewal of the contract of port workers
Rome
Signed the voluntary agreement "Ancona blue agreement"
Ancona
The aim is to reduce the impact of emissions from cruise ships, ro-ro and ferries that climb the dorsal port.
Italian Coast Guard and the Italian Academy of Mercantile Academy in support of the Maritime Administration of Ukraine
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
On Friday, the public assembly of Federagents will be held in Rome.
Rome
The Federation celebrates the 75 years since its founding
Spediporto has organized a two-day trip on the Green Logistic Valley and Italy-China trade
Genoa
It is scheduled on 22 and October 23
››› Meetings File
PRESS REVIEW
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
Russia and India join forces in the Arctic, leaving China aside
(News.Az)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Fincantieri opens in San Francisco a center for the development of dual-use technologies applicable both in civilian and military sectors
Trieste / San Francisco
It is housed at the Mind the Bridge Innovation Center
Japan's MHI-MME initiates a license agreement with Chinese Jiangsu Masada
Nagasaki
The aim is the development of the production and sale in China of turbochargers for two-stroke marine engines
By November the ownership of the Victory Shipyard will go to CNV
Venice
Mantovan (Veneto Region) : A new trade union agreement will be built that will cover the 48 workers in organic
In the third quarter, the commercial activity and financial performance of Konecranes grew
Helsinki
The value of new orders for the supply of port means increased by 44.1%
In 2025, a 3.9% increase in cruising traffic in Adriatic ports is expected
Ravenna
Responses Tourism believes that the traffic of ferries, catamarans and aliscafi will record further slight growth
COSCO Shipping Ports acquires stakes in the two port terminals of Hutchison Ports in Laem Chabang
Hong Kong
Investment of 110 million
GNV has taken delivery of the new ferry GNV Polaris
Genoa
First of four new ro-pax units built in China, it will enter service by January
John Xylas will be the new president of Intercargo.
John Xylas will be the new president of Intercargo.
London
He will subordinate to Dimitrios Fafalios, who has been named honorary president
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