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05 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
October 12, 2020
International Transport Journalweb site
  • Lineas and Tabaknati build new hub
  • Because Manhattan Associates is worth it
  • Magnolia Award goes to Nippon Express
  • CP connected to shipping platform
  • New multimodal access to the port of Barcelona
  • South America's "most modern import air cargo terminal"
  • DF Industrial Partners grows
  • Logwin takes business with China to the streets
  • Mesa's first cargo flight for DHL Express
  • BDI flying high
  • An e-vehicle for city logistics
  • Schmitz Cargobull picks managing director
  • 100 natural gas HGVs for Argentina
  • "Curiosity of the Day"
  • Bergé emphasises its offshore business
  • Bright Industrial invests in Hamburg
  • 90 years ago today: the Graf at Basel's first airport

The Loadstarweb site
OCTOBER 9, 2020
  • Spot rates hold steady as retailers anticipate consumers shopping early for Xmas
  • Cargo's pandemic heroics cannot prevent budget cuts at struggling airports
  • Indian shippers and carriers in war of words over box trade imbalance
  • UK government unveils plans for more post-Brexit border control posts
  • Other UK ports could relieve pressure on the Channel, but 'Dover can handle it'
  • Quick response to sudden leap in demand sees Hapag-Lloyd in calmer waters
  • FedEx takes an 18-mile flight across the US-Mexico border
  • Orban allies are seeking to grab control over Budapest Airport
  • On the wires: Boiling point

Marine Logweb site
OCTOBER 9, 2020
  • DNV GL's Jennifer States to speak on ferry innovations at FERRIES 2020
    Jennifer States, Director for Blue Economy for Energy and Maritime North America at DNV GL, will be among the speakers at Marine Log's FERRIES 2020 virtual conference November 9-10. In a presentation
  • U.S. Navy's new frigates now named Constellation class
    Secretary of the Navy Kenneth J. Braithwaite announced USS Constellation (FFG 62) as the name for the first ship in the new Guided Missile Frigate (FFG(X)) class of ships October 7 while
  • WETA orders two more high speed cats for San Francico Bay
    The San Francisco Bay Area Water Emergency Transportation Authority (WETA) Board of Directors yesterday authorized the agency to award La Conner, Wash., shipbuilder Mavrik Marine Inc. a $30 million contract to build
  • Ladar trials show promise of enhanced vessel safety
    Norwegian operator Color Line has been trialing Ladar, a light-based laser technology anti-collision system designed to identify floating objects on or under the surface of the water, including drifting fishing nets, logs,
  • Gulf Coast readies for Hurricane Delta
    The U.S. Gulf Coast, and Louisiana in particular, was this morning getting ready for the arrival of Hurricane Delta, which threatens to tear through areas still recovering from Hurricane Laura which hit

Lloyd's Listweb site
OCTOBER 9, 2020
  • LNG marine fuel phase-out urged to drive decarbonisation
    Shipping faces immense financial, technological and regulatory challenges to meet the target of cutting greenhouse gas emissions by 40% by...
  • IMO's greenhouse gas plan is already outdated
    The English romantic poet Percy Bysshe Shelley once contended: 'Poets are the unacknowledged legislators of the world.' In shipping's case...
  • Pandemic will be a turning point for shipping, predicts Synergy chief
    The industry requires the vision and leadership to talk with a more unified voice that can reach the decision makers...
  • Shipyard extends closure after more infections confirmed
    Dozens infected with coronavirus, New Havyard Ship Technology confirms, after local government rules that facility must stay shut
  • Limited Colombian coal dents prospects for larger bulkers
    Coal exports from Colombia saw fresh lows in September, hitting the panamax sector the most, followed by capesizes, says Braemar...
  • Electronic engines pioneer shipping's digital journey
    Shipping is exploring the benefits of digital technology across the industry. Optimised main engine performance derived from electronically controlled main...
  • The week in charts: Capesize rates hit 13-month high; resilient container demand
    Healthy volumes in the capesize chartering market, in particular on the C5 Australia to China route, pushed spot rates to...
  • Container spot freight rates resilient post-Golden Week
    Spot market shows signs of resilience in the first reporting period since Golden Week. The Shanghai Containerised Freight Index fell...
  • The Lloyd's List Podcast: Can shipping future proof shipbuilding decisions now?
    ABS chief Christopher Wiernicki is our return guest this week, covering decarbonisation pathways, shipbuilding decisions, the threat of regionalism in...
  • New Diamond towed to Fujairah after owner pays compensation
    The fire-stricken VLCC is expected to arrive at Fujairah later this month, after which the crude on board will be...
  • Vale joins venture to boost import capacity in China
    The project will ramp up handling and distribution capacity of iron ore at the Chinese port, as the country is...
  • Digitalisation: Do the numbers stack up?
    The deeper shipping digs into digitalisation the more the industry gets cold feet. The real problem is not technology but...
  • LNG boxship conversions not economically viable
    Hapag-Lloyd acquired 17 'LNG-ready' containerships when it merged with UASC. One is now being converted to use LNG, but unless...
  • Box freight rates likely to ease despite strong volumes
    Government stimulus packages and changing consumer patterns are driving demand for containerised goods. This has led to record-high freight rates...
  • Daily Briefing
    Free to read: Opec sees fossil-fuelled future for shipping | Opec forecasts stagnant crude oil trade over next decade |...
  • Suez collision case 'shouldn't have come to court'
    Trial allowing witness to give evidence remotely from ship at sea sets important precedent, lawyers argue, although it is unclear...
  • US Gulf shuts down as hurricane approaches
    The approaching hurricane is forcing operators to shut-in almost 92% of crude output in the US Gulf as it heads...

The Journal of Commerceweb site
OCTOBER 9, 2020
  • JOC Uncharted: Shippers drill down on product rather than shipment delivery
  • Shippers rethinking annual trucking procurement cycles
  • Andersen to focus on Americas as new Intermarine CEO
  • E-commerce technology essential to retailers' survival
  • Carriers throwing capacity at booming trade lanes

TradeWindsweb site
OCTOBER 9, 2020
  • Chinese leasing company SPDB splashes out $96m on ultramax bulkers
    SPDB Financial's newbuildings will be built at China's Nacks and chartered to BG Shipping
  • Handysizes rise on way to Brazil but fall on trip back to Europe
    Capesize spot rates end week on the down side as charterers stay on sidelines
  • Baltic Dirty Tanker Index hits new lows as hangover continues
    Suezmax and aframax rates fall sharply to end the week, as the index hits an all-time low
  • BlackRock jumps onto Dorian LPG leaderboard
    The investor now has the third-largest position among institutional holders
  • Secondhand market for aged tankers still active with AET linked to VLCC sale
    Singapore-based owner finally finds a buyer for the Bunga Kasturi Tiga, brokers say
  • KfW IPEX-Bank provides $48m loan for Finnlines vessel
    Grimaldi Group subsidiary lines up finance for one of three ro-ro vessels
  • Mehrotra's Foresight appoints Reliance chartering executive as director
    Vijay Handa will lead the expansion of Foresight's shipping business, executive chairman Ravi Mehrotra says
  • NGO calls for safety checks at Turkish demolition yards
    Lobby group asks European Commission to limit new permits in Aliaga after reports of a fatality at approved shipyard
  • Scorpio Bulkers sells another kamsarmax as transition to wind gathers pace
    New York-listed shipowner has now sold three of its kamsarmax bulkers
  • Baltic Exchange extends escrow service to ship charters
    London exchange aims to reduce risk for those involved in fixing vessels
  • Stolt-Nielsen's Gruner-Hegge explains how tanker owner trashed analysts' forecasts
    Finance boss says market underestimated benefits of contract portfolio, but helpful lower fuel prices will not be repeated
  • After 175 years, Galbraiths keeps its focus on its core
    Chief executive Andersen says golden thread has been strong leadership
  • Stranded RAL boxship freed from ice off Greenland
    Domestic shipowner says Malik Arctica spent a day trapped in polar ice with essential supplies
  • Cameron Mackey: Scorpio's quiet man on with a hand on the tiller
    A lifelong quest to go to sea has placed the executive in key role as the 'details' man behind dynamic management team
  • Zuyderzee Capital adds another ex-ABN Amro banker for new compliance unit
    Dutch outfit recruits Martijn van den Berg to run operational advisory division
  • Karpowership 'doing our PhD' in powership construction and operation
    Turkish specialist says it has found a 'natural chemistry' with new partner MOL
  • Yards named for world's first zero-emission tankers
    Kawasaki Heavy Industries will supply all-important battery power for the two vessels ordered by Asahi Tanker
  • NRP teams with Greece's Tide Line to snap up Hong Kong handysize
    Norwegian asset manager continues its policy of joining with shipowners to expand its fleet
  • Seaowl aims to pioneer unmanned offshore support vessels
    French player is to order a prototype inspection vessel powered by battery soon
  • Hill Dickinson lawyer Wareing completes 306 km walk for seafarers' charity
    Retiring head of marine and trade David Wareing celebrates the end of 45-year tenure at the company with an equally as long ramble across England
  • Lloyd's Register's decision to ditch energy business puts focus on marine and offshore
    Marine business will account for more than half of the classification society's income after it sold its troubled energy business
  • OHT firms up new wind farm installation ships for 2023
    Arne Blystad company signs final contract for up to four vessels with China Merchants Heavy Industry
  • Havyard remains closed as outbreak rises to 75 workers
    Norwegian shipbuilder says temporary halt extended to 19 October
  • Keppel secures mystery $440m offshore renewable vessel order
    Singapore shipyard gives little away about order that is part of its new Vision 2030 strategy
  • Karpowership shifts into LNG as it kicks off fleet gas switch
    Turkish powership owner plans to double its generating capacity from floating power in next five years
  • Why Mercy Ships needs shipping to 'double down' on donations
    If twice as many companies were to back medical charity, each one would have to give only half as much to help fund operations of its hospital ships
  • Phoenix Reisen cruiseship to become Egyptian floating resort
    Veteran cruiseship Albatros sold as German operator joins the ranks of cruise lines trimming their fleets
  • Swire Blue Ocean looks to ride WTIV wave to Oslo IPO
    Swire Pacific Offshore subsidiary to rebrand as Cadeler ahead of possible fourth quarter listing
  • NYK Line takes training online in effort to circumvent Covid-19
    Japanese shipowner has team up with PSA Marine to continue its training in face of travel restrictions
  • Judicial manager puts Hin Leong's bunker arm on sales block
    Singapore company continues to see disposal of assets as accountants look to recover funds

American Shipperweb site
OCTOBER 9, 2020
  • South Carolina sees uptick in port activity
    The Port of Charleston set a September record by handling 195,101 TEUs.
  • FMC considers changing service contract filing requirements
    The U.S. Federal Maritime Commission will consider a change in its regulations that would allow filing of service contracts up to 30 days from the...
  • American Airlines keeps cargo-only flights to Beijing through March
    American Airlines cargo and passenger flights will shift to a new mega-airport in Beijing in March. Passenger demand will dictate how long cargo-only flights continue.
  • Get ready for blowout Q3 results in container shipping
    Listed carriers are poised to post stellar third-quarter numbers on higher rates and volumes.
  • FreightWaves Flashback: Jacksonville's 3rd container crane goes up; will handle 1,500 containers weekly
    1973: This will be Sea-Land's 2nd container crane at Jacksonville and the 3rd in operation at the port.
  • CMA CGM seeks tariff publication relief from FMC post-cyberattack
    The U.S. Federal Maritime Commission will consider the French liner carrier's relief petition to give it time to clean up its systems.
  • Do you know where your chassis are?
    Container chassis management model in the U.S. challenges advancement of full-circle tracking technologies.
  • Golden Ray dismantling delayed again
    The ro-ro vessel that capsized leaving the Port of Brunswick in September 2019 will be cut into eight multi-ton sections.
  • Making waves on the Mississippi
    American Patriot Holdings is creating "a north-south trade lane from the Midwest to the lower Mississippi River that doesn't exist today for containerized cargo."

The Bunker Bulletinweb site
OCTOBER 9, 2020
  • Singapore Nov ex-wharf marine fuel term indications higher as demand grows
    Singapore's ex-wharf term contracts for November-loading 0.5% sulfur marine fuel were heard offered at a premium of $7-8/mt over the FOB Singapore Marine Fuel 0.5% cargo assessment, higher than the contract settlements of a $4-4.25/mt premium for October-loading contracts, sources said Oct 9.
  • OPEC+ boosts oil output compliance, but catch-up cuts remain scant
    OPEC and its allies sharpened their output quota compliance to 99% in September, led by the Gulf states, but discipline from Russia and some African producers continued to slip, the latest S&P Global Platts survey found.
  • OIL FUTURES: Crude retreats as Norway strike ends, lessening supply risks
    Crude futures settled lower Oct. 9, as risks to supply outlooks eased following the end of a 10-day workers strike in Norway.
  • SPAIN DATA: Aug. bunker fuel volume up 6.1% on month, down 19% on year
    The main driver of the rise was Spain's busiest port, Las Palmas, which was up 11.5% month on month to 181,872 mt, which was little changed year on year.
  • Nearly 92% of US Gulf oil output offline as Hurricane Delta nears landfall
    On Oct. 9, a total of 274 platforms were shut in, two more than the previous day.
  • Le Havre port sets up facility for scrubber waste
    The French port of Le Havre in partnership with SEREP has set up a facility to treat waste from scrubber-fitted ships that strips out sulfurous particulates from high sulfur bunker fuels, the port authority said Oct. 8
  • Singapore's residue stocks edge up 1% to 7-week high, bunker demand stable
    Stocks were last higher Aug. 19 at 25.485 million barrels, historical data showed.

›››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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