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03 December 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
July 6, 2018
Sched Netweb site
  • Kerry Logistics to build Georgian CT, widening role in Caspian landbridge
  • APL returns to roots, names US-flagged ships after late presidents
  • Berths 11 and 12 to be built at France's Port 2000 in Le Havre
  • US tariffs unlikely to mean big changes in supply chains: experts
  • European shipping wants more women to join the industry
  • Long Beach port wins grant to electrify container handling vehicles
  • India's container import plan to cut cost and transit times
  • Chittagong container volume up 12pc in fiscal year
  • DHL eCommerce launches same-day delivery in Thailand
  • 14 big tankers opt for scrubbers to meet IMO sulphur cap deadline
  • Troubled HNA Group's chairman Wang killed in fall off cliff in France
  • Emirates SkyCargo flies record number of Mumbai mangoes
  • Amazon seeks independent truckers to do US deliveries nationwide
  • Air cargo rates slip in May but are expected to rise again

Exim Indiaweb site
JULY 5, 2018
  • APL deploys US President-named vessels for enhanced Eagle Express 1 service
  • Evergreen Line's China India Express 3 service makes maiden call at Hazira
  • OOCL announces the reshuffle of Middle East services
  • TKPL celebrates Founder's Day through social initiatives
  • Trade wars likely to be damaging to container shipping, says report
  • FIEO proposes strategy for additional exports of $ 100 bn in two years

IHS Maritimeweb site
JULY 5, 2018
  • IMO launches Mediterranean ECA study
  • London can confront the miserable marine market challenges, says Lloyd's Beale
  • Marine insurers warned to digitise or risk being left behind by clients
  • Port of Corpus Christi approves bond package to finance infrastructure development
  • EOI sought for Cairns Shipping Development Project
  • HMM to fix scrubbers to POSCO ships
  • NYK Line, JMU launch LNG-powered Newcastlemax
  • Loss of Djibouti terminal concession is bad news for US, says congressman
  • KOBC to fund H-Line's bulk carriers in first deal since launch
  • Spanish owners look to boost their flag competitiveness
  • Malaysia suspends key Belt and Road rail project
  • Repairs keep Turkish shipbuilders afloat amid regional turmoil
  • Marinakis' Capital group eyes up to eight LNG carriers

The Loadstarweb site
JULY 5, 2018
  • Acute pilot shortage and fewer available freighters likely to drive faster drone adoption
  • First deepsea box terminal at Haiphong opens and eyes a mainline call
  • Gefco and Berge form JV to target growing Spanish automotive logistics sector
  • Yang Ming opts for greener containerships as it renews its charter fleet
  • Succeed at The Loadstar, and we'll push you out of a plane...
  • Air freight volumes look to have resumed a modest uptrend
  • CAL readies for ex-Jade 747 as ACE Belgium Freighters prepares for take-off

Marine Logweb site
JULY 5, 2018
  • VIDEO: BC Ferries eyes construction of five new double-enders
  • Cat Multi-Engine Optimizer helps Vroon gain major fuel savings
  • Bisso Towing orders 6,800 bhp ASD tractor tug
  • Mitsubishi launches ferry with a space travel theme
  • LNG fueled 200K DWT bulker concept design gains AiP
  • WinGD books milestone order for 100th X-DF engine

Lloyd's Listweb site
JULY 5, 2018
  • Forty UK maritime firms sign gender equality pledge
    Pledge marks first step to redressing gender pay gap in UK maritime industry and ending the male-dominated leadership at majority...
  • Could leasing ballast water treatment systems work?
    FloLease is betting on the leasing model, claiming it derisks the BWT system by monitoring it throughout the lease's duration
  • Merchant ship's armed guards fight off Red Sea attackers
    Vessel and crew emerge unscathed from incident off Yemen's Hanish Islands
  • No container spike ahead of tariffs
    Shippers stay calm ahead of first shots in trade war
  • Aust set to leave Harper Petersen
    Hamburg outfit now part of Zeaborn
  • Customer focus and modernisation can see off all challenges, Inga Beale tells marine insurers
    Industry participants need to foster innovation and sing the praises of the London market, conference hears
  • Wista International joins IMO
    Wista received an overwhelming level of support from IMO member states following a sustained lobbying effort by Wista International executive...
  • Viewpoint: Alarming incidents
    There is a compelling need for navigators not to become too wedded to their electronic pilots but to maintain old skills...
  • Stolt-Nielsen earnings undermined by vessel impairments
    Rising bunker prices to continue having a negative impact on spot freight rates for chemical tankers, says owner
  • Five risks to check: LNG shipping
    Bullishness is justified for the most part, but trade risks and supply worries could prove obstacles
  • Daily Briefing
    Ardmore's Gurnee expects summer rebound in MR tanker demand | Five risks to check: Product tankers | Tariffs threaten 1%...
  • NYK and JMU complete LNG-fuelled capesize design
    Design has passed inspection by ClassNK and obtained approval in principle
  • Ezion and TSC join hands in liftboat business
    Under the partnership, Ezion is responsible for vessel operation and marketing while TSC is in charge of funding
  • IMO starts Mediterranean ECA study
    The report is expected to be finalised by spring 2019

The Journal of Commerceweb site
JULY 5, 2018
  • Brazil customs officers suspend strike after politician's intervention
  • Covenant buys Landair to meet dedicated trucking demand
  • Chances of federal ELD easing dim on latest petition rejection
  • Bank's push of cross-border trade blockchain complicates single platform aim
  • Maersk further expands India cold chain services
  • NY-NJ exports rebound amid tariff pressures
  • DP World Djibouti terminal loss seen bad for US interests

TradeWindsweb site
JULY 5, 2018
  • S&P gives better outlook on Panama Canal
    Credit ratings agency says ongoing use of expanded locks by major shipping lines means steady income.
  • Pemex tenders for floating LNG import terminal
    Five-year charter of vessel-based regasification for LNG aims to bring gas to underserved region.
  • Libya tanker transits at halt, P&I club warns
    Ongoing civil war in major oil producer pushes daily earnings in Mediterranean market in the red.
  • Investor takes 8.4% of Grindrod Shipping
    Newshelf 1279 buys 1.6 million shares of recently US-listed spinoff of South African industrial conglomerate Grindrod.
  • Siepmann sees scope for global growth at Braemar NAVES
  • After 70 years, is it time to carve up the IMO cake differently?
    The international maritime regulator cannot afford to ignore tough questions about the way it operates, its level of funding and how it treats some of its smaller members
  • Condition of CV Stealth 'effectively past repair'
  • Geden fraud allegations fly as Vafias-Karamehmet feud grows
    Vafias-linked Psara Energy claims in US court it has proof that the ownership of the Advantage Tankers' fleet remains in the hands of the Karamehmet family
  • Harvey Gulf takes 'just 77 days' to exit bankruptcy
  • Panache and a good name alone can't sell shipping on Wall Street
    GoodBulk's failure to find investor support for its $140m Nasdaq IPO shows how the appetite of US equity markets has changed since the last boom
  • Top Ships seeks further funding after 'great deal' with Cargill
  • Chief executive and company founder cover VesselMan's bases
  • Ocean Network Express holds ONE big party in Singapore
    ONE wants to be large enough to survive but 'small enough to care'
  • VesselMan drives digital 'no-brainer' for costly dry-dockings
    Digital platform has the potential to cut owners' global dry-docking bills and increase efficiency and transparency, according to Glenn Edvardsen and Stig Linna
  • Lawyers seek WeChat data after bulker and tank barge collide
    Two docks are out of action at Houston port after crash between Chinese-owned handysize and Jones Act vessel
  • LNG shipping out of sync with new plants
    Traders say tight vessel market will give way as growth in new LNG production slows down
  • LNG carrier repaired after breakdown
  • Two Arc7 LNG ships head east but ice slows their progress
  • Dynagas pulls its trio of LNG carriers from The Cool Pool
    General manager says pooling venture will continue and could be opened up to other ship types
  • Odedra accepts chief commercial role at Tellurian
  • Hoegh LNG leading line to scoop Sharjah FSRU work
  • Cheniere keeps tabs on LNG ship market
  • World spinning around Istanbul at annual shipbrokers' dinner
  • Mozambique LNG limbers up to select shipowners
    New Anadarko shipping chief outlines strategy to acquire access to 16 LNG carriers for planned project
  • Blockaded Qatar swings axe on charters of foreign offshore ships
    Shipowners who feel they have no connection to the countries aligned against Qatar are still suffering from the blockade
  • Time is running out for EU to get its act together over recycling rule
    The roster of yards allowed to scrap EU-flagged vessels from next year will fall far short of adequate capacity, writes Nikos Mikelis of GMS
  • Defence focus for USMMA's 75th celebration
    Campaign will air concern over China's spending on merchant marine amid US shortfall of merchant mariners
  • Teams fired up for dragon boat racing
    Participants will need to move quickly to secure a spot at September's charity event
  • US maritime focus seen lacking as nation falls to Paris 'grey' list
    Casualty expert says move by maritime regulatory group shows drop in oversight of US-flag fleet performance
  • LOF amendments are costing us money, salvors complain
    ISU gripe follows insurers' reservations over changes to emergency response contracts
  • Pistiolis takes suezmax tally at Hyundai to four
    Greek shipowner exercises options at a time when scrubber-fitted crude tankers are hot property
  • Louis Group makes almost $1m profit sending oldest cruiseship for scrap
  • Individual investor takes top CPLP stake
    Zhengxu He buys a 6.23% interest in Evangelos Marinakis-led MLP as shipowner enters LNG market.
  • GTT to take tank builder's role for Ponant ship
    French membrane designer tests the waters with first EPC job for custom-built units
  • Aegean explores $1bn Mercuria Energy partnership
    Geneva-based commodities group plans to provide $1bn trade finance agreement to support troubled Aegean's credit facilities.
  • First Ship Lease strikes refinancing deal
    Fresh facilities from Hellenic Bank and Chailease International take care of $110m in debt.
  • Marinakis in 10-vessel LNG newbuild deal with Hyundai
    Letter of intent with South Korean shipbuilding giant will see Greek owner make a substantial entry into a new arena alongside his son
  • Greek owner Soloi tied to bulker buy
    Deal would double the company's standing in the panamax market.
  • Sberbank pursues $205m in Palmali bankruptcy case
    Turkish tanker owner's Russian subsidiary vows to revive fortunes as Mansimov-led group announces new charters.
  • BlackRock boosts its say at Subsea 7
  • Vroon OSV test reveals 100,000-litre fuel saving
    Use of multi-engine optimiser technology will cut bunker bill for Dutch owner.
  • Awilco LNG finds term work for WilForce
    Norwegian owner eyes $26m in EBITDA from new charter deal.
  • Aust heads for 'big animal' Blue Net Chartering
    Container broker Simon Aust heads to Costamare-Dohle chartering venture.
  • Stolt-Nielsen beats forecasts in the second quarter
    Market appears to have bottomed out, says owner, but rising bunker prices hurting bottom line.
  • HNA co-founder falls to his death
    Bulker and boxship group's chairman Wang Jian was taking photos on parapet in France, police said.
  • Vessel impairments hit Stolt-Nielsen in second quarter
    Market appears to have bottomed out, says owner, but rising bunker prices hurting bottom line.
  • Ezion teams with TSC Group in liftboat venture
    Singapore-listed offshore vessel operator hopes new partner will help to provide capital.
  • IMO starts Mediterranean emission control area study
    Investigation will assess the benefits, costs and feasibility as well as the implications for shipowners.
  • Research centre to boost Singapore's maritime competitiveness
    Faculty aims to improve port sector's technical know-how, efficiency and productivity.

American Shipperweb site
JULY 5, 2018
  • Mexico fully implements retaliation against U.S. metal tariffs
    Mexico on Thursday completed its second round of retaliatory measures against U.S. tariffs steel and aluminum, installing additional duties of 20 percent to 25 percent on several U.S. meat and dairy exports.
  • Evacuated ship sinking off coast of India
    The SSL Kolkata , which caught fire while en route from Krishnapatnam to Kolkata on June 14, is sinking.
  • Ocean Alliance scales back on Asia-Mideast trade
    The Ocean Alliance - comprised of CMA CGM, APL, OOCL, COSCO and Evergreen Line - is decreasing its number of loops on the Asia-Middle East trade from five to four at the end of July.
  • Commentary: A more intelligent shipping document
    Shipping today is changing, and while there are those who are still traditional in their approach, the companies that are embracing technology are experiencing the benefits of the digitalization wave firsthand.
  • On the Surface: Recruitment drive
    Although many trucking companies are increasing pay, the low unemployment rate is one big reason why it is difficult for them to recruit drivers.
  • Heavy-duty truck ordering continues at record pace
    Net orders for North American Class 8 trucks totaled 41,800 units in June, a whopping 140 percent year-over-year increase and the most ever for the month, according to preliminary data from freight forecaster FTR Transportation Intelligence.
  • U.S. rail volumes up 3.7 percent in first half of 2018
    Total combined U.S. freight railroad traffic in June grew 4.2 percent to 2.24 million carloads and intermodal units compared with the same month a year ago, according to the latest data from the Association of American Railroads.
  • Port of Oakland adopts FY 2019 budget
    The Port of Oakland adopted a $494.2 million budget for fiscal year 2019, which began Sunday.
  • BIS authorizes some commerce with ZTE to resume
    The Bureau of Industry and Security on Monday issued a temporary authorization, to expire Aug. 1, for all U.S. persons to engage in several types of transactions with Chinese telecommunications company ZTE, which has been

The Bunker Bulletinweb site
JULY 5, 2018
  • Saudi oil surge struggles to offset OPEC's woes
    Saudi Arabia lifted production in June to an 18-month high, but that was barely enough to move the needle for OPEC as a whole
  • Global bunker supplier Aegean gets credit support from Mercuria
    Aegean Marine Petroleum said Thursday it had reached an agreement with energy and commodity group Mercuria
  • RMG 380 CST bunker price softens on increased cutterstock availability
    The European RMG 380 CST grade of bunker fuel has softened marginally, as cutterstock availability begins to improve
  • Prompt Rotterdam bunker fuel market 'tight' for first time in 2018: traders
    For the first time this year the Rotterdam spot bunker fuel market has been described as "tight"
  • Singapore cracking margin against Dubai rebounds to $4/b mark on improving fundamentals
    The uptick reflected an ongoing recovery in the physical spot market.
  • SHIPPING QUARTERLY, Dry Bulk: Panamax fixtures slow into Q3
    The issue of new sanction lists from the US and retaliation from China has been putting pressure on commodity buyers and on shippers.
  • FUTURES: Crude moves lower on Trump tweet ahead of US stocks data
    "Watch the EIA report due today as US markets return for confirmation of the supply drop," IG market strategist Pan Jingyi said.
  • Saudi Arabian oil supply capabilities in spotlight as market tightens
    Saudi Arabia has changed its tone since May, reassuring consumers that it is willing to balance the market.

›››File
FROM THE HOME PAGE
Signed the act for the rebalancing of the concession in chief of Venice Terminal Passengers
Venice
Spain : The aim is to "create a new normal", which is aimed strongly at an upper-middle customer segment, with the aim of creating a pole for luxury cruises in Venice, " he said.
In October, freight traffic in the ports of Genoa and Savona-Ligure
Genoa
Recorded increases of 2.5% and 21.9%, respectively. It continues the downturn of cruises in both scallops
Fincantieri has delivered the new cruise ship Viking Vela to Viking
Trieste / Los Angeles
Can accommodate 998 passengers
The government of Montenegro wants to bring the port of Adria back under state control
The government of Montenegro wants to bring the port of Adria back under state control
Podgorica
Will evaluate the possible acquisition of the majority stake in the Turkish Global Ports Holding
China's seaports handled record cargo traffic for October
China's seaports handled record cargo traffic for October
Beijing
Containers amounted to over 24.4 million TEU (+6.2%)
Stable the traffic of goods in the port of La Spezia in the period of July-September
Stable the traffic of goods in the port of La Spezia in the period of July-September
The Spezia
Marina di Carrara has been recorded a decrease of -15.6%
At Spezia they don't want a president of the AdSP "parachuted"
The Spezia
They ask for a president "plug & play" able to deal with the problems right away
Defined the location in the port of Gioia Tauro of the construction site for the bridge over the Strait of Messina
Joy Tauro
The OYAK and OIA funds will invest in the Turkish port of Iskenderun
The OYAK and OIA funds will invest in the Turkish port of Iskenderun
Ankara
Expected the realization of a terminal container
T&E calls for EU measures to limit ship speed and greater use of wind propulsion
Brussels
Summary complaint of the organization on the progress made by the shipping industry for decarbonisation
To extend the customs corridor to goods in export and on transhipment in the port of Spezia
The Spezia
He was speaking at a meeting between the AdSP and the Customs Agency.
After Maersk, Hapag-Lloyd also initiates an agreement with Chinese Goldwind for supplies of green methanol
Messina (Assshipowners) : yes to the environmentalist push, but the timing and the ways are wrong
Rome
Local, often untimely, local norms have the only effect of moving traffics out of the Old Continent.
Port of Ravenna, final visit of the EU representative to the project "Ravenna Port Hub : Infrastructural Works"
Ravenna
The European contribution has been more than 30 million euros.
In 2023, the performance of road and rail transport services fell in Switzerland.
Neuchâtel
Modal shares remained unchanged
New intermodal service Melzo-Marcianise of Hannibal
Melzo
Two weekly rotations that from the first quarter will rise to three
PSA and Evergreen to jointly operate container terminal in Singapore
PSA and Evergreen to jointly operate container terminal in Singapore
Singapore
The new company will become operational by the end of 2024
In the third quarter economic growth of trade in goods and services of G20
In the third quarter economic growth of trade in goods and services of G20
Paris
Down the value of goods to and from China
Omanita group Asyad will manage the port of al-Suwayq for 40 years
Muscat
The expansion of the stairway and the construction of a quay
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
Memorandum of Understanding for the creation of an intermodal terminal in Budapest
Astana
A delegation of the Kazakh KTZ Express to the port of Rijeka
The BIMCO has adopted the FuelEU Maritime Clause
Copenhagen
The European regulation will enter into force next January.
Kenon Holdings (Idan Ofer) announces the next exit from the capital of ZIM
Singapore
Currently owns 19.8 million shares
NIM and EH Group will develop hydrogen fuel cell technologies for shipping
In the third quarter of 2024 the traffic of goods in the port of Tanger Med increased by 11%
Anjra
In the first nine months of the year, growth was 12% percent.
Project of the ovadese Vezzani to set up a terminal for the automotive in Porto Marghera
Venice
Filed for the release of a demanial concession for the quay ex Sirma
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%)
The Zephyr Group snaps up Singaporean Twinco and Germany's Carl Baguhn
The Spezia
The two companies operate in the area of spare parts and components for diesel and gas engines
Rixi, without the ETS review, European maritime fleets will continue to suffer a competitive disadvantage
Rome
According to the deputy minister, it is necessary to intervene at the root of the problem
PSA Italy continues in purchase of equipment for Marghera terminal
Genoa
Committed total value of 8.5 million euros for three rubber-tyred gantry crane electric
Corsica Sardinia Ferries in search of navigating personnel
Go Ligure
The wanted profiles are different, for machine areas, room and kitchen
Agreement for the digital integration of the FS and AdSP Polo Logistics systems of the Western Liguria
Genoa
New Oriental Mediterranean Service-Adriatic via Malta of CMA CGM
Marseille
Will have a weekly frequency
Brussels to give state aid for 1.9 billion euros to German railway company DB Cargo
Brussels
Renewed the Governing Council of Wista Italy
Milan
Constancy Musso confirmed president
Maersk completes orders to three shipyards for 20 new container ships
Copenhagen
In Yangzijiang Shipbuilding committed for six 17,000 teu ships and two from 9,000 teu. At Hanwha Ocean and New Times Shipbuilding ordered six units from 15,000 teu each
Biagio Mazzotta assumes the post of Vice-President of the Federation of the Sea
Rome
President of Assonave will be running for vice president of ENMC
ESPO calls on the new EU Commission to maintain and strengthen the CEF programme
Brussels
The exhortation is also to better adapt it to the needs of ports and their stakeholders
The agreement on training between the AdSP of the Tirreno Centre Northern, the ITS Academy, " G. Caboto " and the European Escola
Cyvitavecchia
Consultation on the extension of the UK ETS to the maritime sector
London
Shipping would be included since 2026
MSC completes acquisition of a minority stake in HHLA
Hamburg
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
ONE acquires a stake in Jakarta's NPCT1 terminal container
Singapore
It has a traffic capacity of 1.5 million teu per year
Transped orders a mobile crane Konecranes Gottwald for its Porto Marghera terminal
Helsinki
It will be taken in delivery in the second quarter of next year
Dutch Raben Group and Swiss elvetica Sieber Transport make up a joint venture
Oss / Berneck
It will detect the Swiss company's groupage transport activity
Dachser & Fercam Italia has opened a new branch in Arezzo
Bolzano
Three thousand square meters of operational surface area and 400 of offices
Fincantieri initiates agreement with SIMEST for the growth of watermark businesses
Milan / Trieste
Conference for the 30 th birthday of WISTA Italy
Genoa
It will be held tomorrow at Palazzo San Giorgio in Genoa
Approved the Plan of the Organic Ports of Sardinia
Cagliari
There are 938 workers in the 36 enterprises operating in the scallots
Saipem has awarded an EPCI offshore contract from BP in Indonesia
Milan
Container ship charterer MPCC's revenues fell by -28% in the third quarter
Oslo
Fermerci reports delays and cuts to incentives for rail freight transport
Rome
Paper: Real risk of losing 115 million euros
In the third quarter, traffic in shipping containers of Moroccan Marsa Maroc increased by 5% percent.
Casablanca
Exhaustion of the growth of transshipment volumes
At Samsung Heavy Industries orders for the construction of four 16,000-teu container carriers
Busan
Commits the value of about 781 million
Eni-MSC agreement in the field of sustainability and energy transition
San Donato Milanese
It was subscribed by Claudio Descalzi and Diego Aponte
The Grimaldi terminal in the port of Barcelona has been equipped with Onshore Power Supply
Barcelona
It will become operational in January
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 for the 30 th birthday of WISTA Italy
Genoa
It will be held tomorrow at Palazzo San Giorgio in Genoa
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
››› Meetings File
PRESS REVIEW
North Korean tankers transport over one million barrels of oil from Russia
(NK News)
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
South Korea's HJSC adjusts a salesperson for four new 7,900-teu container ships
Busan
Rolf Westfal-Larsen Jr. has been elected president of Intertanko
London
Undergoes to Paolo d' Amico
COSCO and SIPG will acquire 10% each of the capital of SAIC Anji Logistics
Shanghai
They will participate in the capital increase of the logistics company of SAIC Motor
AD Ports continues in its investment campaign in Egypt
Cairo / Abu Dhabi
Agreement to realize an industrial area of 20 square kilometers in East Port Said
Dimitri Serafimoff has been elected as the new president of CLECAT
Dimitri Serafimoff has been elected as the new president of CLECAT
Brussels
He will also retain the presidency of the CLECAT Customs Institute
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%
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