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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
May 24, 2018
Sched Netweb site
  • India braces for dock strike after JNPT truckers walk out
  • Maersk cuts back as bunker soars and US bans Iran trade
  • Panama-flagged car carrier fire in Incheon destroys more than 1,000 cars
  • Seaspan accepts its third of four 10,000-TEU SAVER ships
  • Indonesian president hails CMA CGM's direct calls to USWC
  • MISC profit slips 4pc to US$96 million, sales fall 47.7pc
  • Bohai port develops fully automated container terminal
  • Canadian Coast Guard buys Thordon propeller shaft bearings
  • Long Beach wins top Fitch rating plus big environmental award
  • Eagle Marine to invest US$70 million in LA terminal
  • NASDAQ's Landstar hits 10,000-owner operator truck mark
  • Kerry joins Thai transit system for e-commerce gains
  • Panalpina adds Queretaro to its US-Mexico network
  • Annual flight of the Alaska Copper Salmon begins anew
  • Autonomous chopper drops supplies to marines on the ground
  • Study: More student pilots sign up for a second year

Exim Indiaweb site
MAY 23, 2018
  • HMM expanding research into new technologies to improve business processes
  • Lines need to collaborate on standardised technology solutions, says MSC CIO
  • NYK cautions against cross-border fraudulent letters from criminals spoofing NYK & NYK Group
  • IT Ministry working on package of measures to boost electronics exports
  • Pepper exporters hope govt will scrap MIP soon
  • Djibouti attractive for investors in Horn of Africa but tread carefully, says report
  • Port of Rotterdam Authority's new Pronto application reduces port waiting time by 20 pc, lessens CO2 emissions
  • Reforms showing results on the ground in ex-im trade, says JNCH Chief Commissioner
  • Govt's focus on strengthening logistics facilitation for trade stressed
  • Inspection of Dangerous Goods Containers & Checklist to Compliance
  • India a key contributor to Cathay Group's cargo volumes in April
  • Symbiosis Skills & Open University starts BBA - Port and Terminals Management course in Pune

International Transport Journalweb site
  • Robust enough for Switzerland's steep slopes
  • More vessels for Eurofos
  • Jumbo veteran Hans Gerhard Khan passed away
  • Wagon hire business flourishing
  • Wisetech acquires Turkish company
  • Icao holds last safety management symposium in Kigali
  • Turkey and Poland linked by intermodal rail service
  • Implementing design of 5th generation vessel
  • Up and running - EMS Chartering's new office
  • Kale collaborates with Cybage
  • Salam Pacific Indonesia Lines joins in
  • Geodis redefines inner structure
  • DFW starts runway rehabilitation project
  • Short line railroad looks to set technology standards
  • Ensinger augments logistics facilities

IHS Maritimeweb site
MAY 23, 2018
  • Box lines face USD10 billion hit from higher oil prices
  • China Merchants Group takes control of Zhejiang Eastern Shipyard
  • David Galea appointed senior lawyer at Ince & Co
  • OOIL deputy finance chief confident about COSCO Shipping merger
  • Tanker scrap prices weaken amid full yard capacity, Ramadan
  • Brightoil Petroleum (Singapore) CEO retires amid ongoing results delay
  • Qatar launches self-sufficiency plan amid quartet blockade, expands ties with Iran
  • Aerial view of cars awaiting shipment abroad

The Loadstarweb site
MAY 23, 2018
  • Rebranded Tiaca is no 'spent force' and is good for air cargo, says chairman
  • MPC picks up three more discounted boxships as the charter market heats up
  • 'Fear of being first' may be the biggest hurdle for blockchain in logistics
  • Even buskers take bitcoin now, but should you? A note of warning
  • Airlines divided on cross-industry collaboration to boost pharma volumes
  • Travel time key to lower labour costs in distribution centres
  • Tesla Semi: it's climate change, stupid

Marine Logweb site
MAY 23, 2018
  • PODCAST: Viega's Paul Switzer: How to eliminate costly "hot work" on pipe installation, speed ship construction
  • Court approves Harvey Gulf Plan of Reorganization
  • Bouchard appoints VP Vessel Compliance and Auditing
  • IMO approves new Inmarsat advance in maritime safety services
  • Havila takes PSV out of lay-up for AGS job
  • Damen and CMM partner on fast crew change solution

Lloyd's Listweb site
MAY 23, 2018
  • ForestWave says abducted crew off Nigeria have been released
    Eleven crew members aboard the general cargo carrier FWN Rapide have been released a month after pirates attacked the vessel...
  • BHP expects well-run bulker firms to take advantage of rate environments
    Strong seaborne trade demand from China and rising bunker prices point to healthy freight earnings for bulker owners
  • Shell builds LNG bunkering hub in Florida
    LNG is the best way to meet the regulations, but it will need an industry-wide collaborative effort to build a...
  • Container shipping faces $10bn hit from higher oil prices
    Further deceleration of vessel speed branded as the 'last resort' for carriers to tackle the surge in fuel prices
  • New dangers ahead for LNG sector as short-termism takes over
    At KNect365 Energy's Gas Shipping Americas conference, Poten & Partners' global head of business intelligence sounds a warning note
  • Record shale output and scrapping boost Jones Act tanker earnings
    Daily hire in the US domestic shipping market has doubled on year, lifting the results of OSG and AMSC
  • Ports are part of clean air solution, BPA says
    New government strategy targets port emissions and discusses extension of ECAs in the UK
  • Shippers advised to lock in sea freight rates now
    Despite a dimmer outlook for container carriers, box rates could rise later in the year
  • Between the Lines: First-quarter carrier financials fail to impress
    All but four container carriers have reported negative earnings before interest and tax in the January-March period
  • Hans Gerhard Kahn, developer of heavylift concept, dies at 95
    Company pays tribute to man who invented entire shipping division
  • Fight for market share behind poor carrier results
    Rising bunker and charter costs mean full-year results could be affected if supply side issues are not addressed, says Alphaliner
  • Corpus Christi pushing for channel upgrade funding
    Port of Corpus Christi's chief commercial officer Jarl Pedersen has not given up hope of completing a channel upgrade by...
  • FMC commissioner open to two carrier alliances
    However, Mr Maffei doubts whether such a move would gain regulatory approval from Brussels and China, particularly given the latter's...
  • FSL Trust secures $18m to refinance chemical tankers
    The High Court has granted the company, which reported a sharp year-on-year fall in its first-quarter net profit, an extension...
  • Cheniere gears up for Corpus Christi LNG Expansion
    Corpus Christi Train 3 is the first new liquefaction capacity in the US since 2015
  • China to reduce tariffs on imported cars amid trade talks
    Shares of US carmaker General Motors rose $0.19 to $38.28, while those of Ford were up $0.01 at $11.52 on...
  • OOIL finance executive confident on merger with Cosco
    All parties are working together with CFIUS to obtain approval 'with the same timeframe'/p>
  • Aegean Marine boosts board amid 'comprehensive' business review
    The company has received a NYSE notice concerning a breach of filing rules and says it 'cannot predict with certainty'...

The Journal of Commerceweb site
MAY 23, 2018
  • Montreal congestion, turn times decline with extended gate hours
  • Analysis: Eastern Canada ports battle for mega-ship calls
  • Logistics startup ShipChain hit with cease-and-desist order
  • India scraps cabotage rule, opens domestic freight to foreign ocean carriers
  • Politics could soften demand for US heavy machinery exports
  • About 300,000 Brazil truckers block roads to protest fuel hikes
  • Maersk cites Canada's growth for new service to Europe
  • Huge subsidies keep China-Europe rail network on track

TradeWindsweb site
MAY 23, 2018
  • Investor takes Aegean stake over 5%
    US-based private equity firm Towle & Co. owns 2.1 million shares of Aegean Marine Petroleum Network.
  • Creditors okay Harvey Gulf bankruptcy
    Offshore vessel owner readies to restructure under prepackaged bankruptcy plan.
  • Dorian study: LPG is best IMO 2020 option
    ABS analysis commissioned by New York-listed Dorian LPG shows LPG as most economical fuel to meeting impending sulphur cap regulations over long term.
  • USMMA scandal: Have lessons been learnt from academy's toughest test?
    How has the leading US merchant maritime academy dealt with the sexual scandal that engulfed it two years ago? 'Can do better,' suggests a report into the aftermath of widespread claims of sexual misconduct
  • Seaways readies $50m bond offering
    Diversified tanker owner seeks additional leverage for financing of Gener8 VLCC acquisition.
  • Benetech finds one-year employment on LR1
    Greek shipowner Benetech found employment for a long-range-one (LR1) tanker it picked up last year. Market sources say the 75,000-dwt tanker Georgia M (built 2007) will be under hire to Emirates National Oil Co for a year with an option for a second year. The rate is said to be $13,000 per day, which is roughly in-line with one-year charters on panamax-sized tankers. Benetech bought the ship
  • SCI boosted by annual tax gain
    Indian state owner also saw better results from boxships and bulkers.
  • Oakland coal export ban struck out
    Judge clears the way for bulkers to head to Asia from US port.
  • Astrup investment firm sees profit jump
    Executives caution that results for 2018 will be weaker than last year.
  • Pacific Drilling extends creditor mediation
    Drilling company now has until 4 June to work out a restructuring plan.
  • Malaria suspected after Greek bulker death
    Second crewman stable after illness reported on Meadway ship in Poland.
  • Teekay director lashes out at non-performing brokers
    Teekay director of business development, Matthew Blake, has a strong warning for shipbrokers: shape up or ship out. Teekay Tankers sells seven in leaseback deal Blake - who took part in the tanker panel at the TradeWinds Shipowners Forum held in Singapore - did not hold back in his criticism of tanker chartering brokers. He says they are claiming credit for driving down spot rates. Blake s
  • Thorco Projects prepares to repel boarders
    Danish owner says newcomers face cheap but technically demanding entry to sector.
  • Knutsen NYK Offshore returns to profit
    Ship sales, strong operations and a better market aide Norwegian shipowner.
  • Monjasa switches auditing to DNV GL
    Danish bunker and tanker player ditches Bureau Veritas for Norwegian rival.
  • The TW+ Quiz Part One
    How much can you remember of the last three months in the whirlwind world of shipping?
  • Inmarsat loses GMDSS monopoly
    IMO approves US rival Iridium's system for satellite services.
  • Meet the new boss: Ian El-Mokadem shares his vision for V.Group
    The shipping newcomer tells TW+ there is more to his plans for private-equity-backed V.Group than securing a stock listing
  • Hope of jump in liner profits 'rapidly diminishing'
    Alphaliner issues note of caution following difficult start to the year.
  • Tallink aims for Helsinki listing
    Estonian ro-pax group goes for secondary presence in Finland following review.
  • China and Iran differ on causes of Sanchi tragedy
    China blames Sanchi while Iran says Chinese register bulker was at fault.
  • American Shipping Company back in black
    Rising Jones Act tanker rates help Aker-backed company return to profit.
  • U-Ming profit shrinks on JV losses
    Revenue stable at Taiwanese bulker owner in first quarter.
  • Havila reactivates laid-up PSV for charter
    Norwegian owner finds term work for ship stacked since February.
  • Sealink International keeps losses in check
    But Malaysian offshore vessel shipbuilder sees lower revenue follow asset disposal.
  • Fjord1 profit cut by taxman
    Changes in estimates reduce earnings for Norwegian ferry group.
  • ISPRL takes first ADNOC crude cargo
    Indian group has three new underground storage facilities ready for more VLCC cargoes.
  • Korean owner linked to LNG-powered Newcastlemaxes
    Government also said to be looking to boost infrastructure to promote LNG bunkering.
  • Nordic Shipholding starts 2018 with larger loss
    But Danish product tanker owner boosted by lending banks amending certain loan covenants.
  • Uber ride hailing app boosting demand for tankers
    Declining cost of mobility is reportedly raising global oil demand, say Bernstein.

American Shipperweb site
MAY 23, 2018
  • Container shipping dynamics may shift
    Analysts at Danish Ship Finance (DSF) say that "emerging digital business models" may begin to change dynamics in the container shipping in...
  • Water resources bill flows through committee
    The House Transportation and Infrastructure Committee approved H.R. 8, the Water Resources Development Act of 2018, Wednesday morning.The b...
  • Maersk launching Med-Canada loop
    Maersk Line is expanding its offering to and from Canada with a new dedicated transatlantic container service, the company said in a statem...
  • Customs, trade community communication 'great'
    National Customs Brokers & Forwarders Association of America (NCBFAA) Board Chairman Geoff Powell said Tuesday that while certain eleme...
  • Mnuchin: China not free of steel, aluminum tariffs
    The United States has not exempted China from the Trump administration's controversial global tariffs on imports of steel and aluminum, acc...
  • On The Surface: Short line strides
    Short line railroads across the United States offer affordable and flexible options for shippers, yet they are still struggling to overcome...
  • Senate panel aims to block easing of ZTE sanctions
    The Senate Banking Committee Tuesday overwhelmingly approved an amendment to the Foreign Investment Risk Review Modernization Act of 2017 t...
  • CBP exploring 'known shipper' e-commerce concept
    U.S. Customs and Border Protection (CBP) is exploring a sort of "known shipper" approach for according trade-processing benefits to e-comme...
  • 'Canada's pilotage regime is stuck in the 1970s'
    Canada's maritime industry welcomed the government's recently released recommendations to modernize the country's 45-year-old rules for pil...

The Bunker Bulletinweb site
MAY 23, 2018
  • China-US trade truce could boost bilateral energy trade
    China and the US agreed this weekend to put a halt to their trade dispute after the former agreed to buy more US goods
  • US DATA: EIA says US fuel oil stocks reach their lowest in 2018
    US residual fuel oil stocks for the week ended May 18 fell to their lowest levels so far this year
  • Durban to get more bunker demand as Cape Town prices soar: sources
    Bunkering demand at South Africa's port of Durban is likely to rise as prices at Cape Town are extremely high
  • Bunker supplier Aegean says 'cannot predict' when will file 2017 results
    "The company is pleased to have the continued support of its lenders and other stakeholders."
  • SINGAPORE BUNKER MOC: Bunker fuel deliveries done for 30,930 mt during Mar 20-Apr 23
    Glencore was the single largest seller of bunker fuel.
  • Gunvor's ClearOcean Tankers orders six scrubber-ready tankers ahead of IMO 2020 rule
    The six contracted vessels will be delivered in the first half of 2019, well ahead of the IMO's global sulfur cap rule.
  • FUTURES: Crude lower amid profit-taking, bearish US gasoline data
    API reported a build of 980,000 barrels of gasoline, contrary to analysts expectation of a decline of 1.38 million barrels.

›››File
FROM THE HOME PAGE
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.
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
Danaos reports a new drop in quarterly revenue generated by fleet of container carriers
Athens
Coustas : With the Trump administration, which has promised new duties, a future reduction in container traffic is possible
In the first ten months of 2024, the traffic of goods in Russian ports decreased by -3.2%
St. Petersburg
The dry goods amounted to 370.8 million tonnes (-3.5%), those liquids at 372.2 million tonnes (-2.9%)
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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