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12 January 2025 - Year XXIX
Independent journal on economy and transport policy
12:59 GMT+1
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BRIEFS
June 8, 2021
Exim Indiaweb site
JUNE 7, 2021
  • Abu Dhabi Terminals unveils innovative AI-focused partnership
  • CMA CGM Hazardous Surcharge from Asia to the Mediterranean
  • Colombo anchorage fire highlights care required in shipping hazardous cargoes: Analysis
  • COSCO Shipping Ports in negotiation for minority shareholding in HHLA
  • GAC Brazil accredited as Authorised Economic Operator
  • PSA makes strategic investment in global real-time supply chain visibility provider
  • Reefer freight rates looking up
  • Ship & cargo charges to increase at Freemantle Ports
  • WCI on an upward trajectory
  • Shipping container shortage puts severe strain on global trade
  • Substantive recommendations for AEO 2.0 made at WCO conference
  • First berth of new Lamu port in Kenya commissioned
  • Zipaworld sets forth to the Middle East & GCC market
  • Indian economic recovery seen ahead of festive season
  • GMB to establish India's first International Maritime Services Cluster at GIFT City
  • Government to prioritise vaccination for seafarers

International Transport Journalweb site
  • Rio de Janeiro: more intermodal services
  • Green Switch in Latvia
  • UK-Belgian partnership
  • Russian flat cars to operate in Europe
  • Frankfurt: another CEIV Pharma cargo handler
  • Port of Brussels won in 2020
  • Fresh impetus for Propeller Club Port of Basel
  • Hellman builds warehouse at Auckland Airport
  • Truck2Train project launched
  • Saudia Cargo pushes presence in Belgium
  • MAN Truck & Bus names CIO
  • More vessels between Thamesport and Moerdijk
  • For "green terminals" on three continents
  • Reinarz leads towing business in Caribbean
  • "Curiosity of the Day"
  • New truck enhances vehicle fleet
  • China delivers next GG5G newbuild
  • First ATR 72-600 for Fedex feeder airline

The Loadstarweb site
JUNE 7, 2021
  • CMA CGM sees revenue and profits soar in Q1 - and Q2 is looking even better
  • Cosco in talks with HHLA over investment in Hamburg terminal CTT
  • Serious threat to UK customs duty revenue as backlog of declarations grows
  • Dnata opts for Kale to create Dubai's next-gen air cargo services platform
  • Peter Ward to step down as CEO of UK Warehousing Association
  • Redwood homes in on parcel logistics market with double acquisition
  • On the wires: Beautifully unified CMA CGM - outrageously glamorous

Marine Logweb site
JUNE 7, 2021
  • Austal USA wins contract to design U.S. Navy T-ATS
    Austal USA has taken a step forward in its plans to build steel vessels. It has won a $3.6 million functional design contract to prepare for construction of Navajo-class Towing, Salvage and
  • Transocean and Jurong agree new delivery dates for high spec drillship duo
    Drilling contractor Transocean Ltd. (NYSE: RIG) reports that it has agreed with Sembcorp Marine's subsidiary, Jurong Shipyard Pte Ltd (JSPL), on the delayed delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater

Lloyd's Listweb site
JUNE 7, 2021
  • Evergreen vessel returns to Italy to repatriate master's body
    The master of Ital Libera died with a suspected coronavirus infection in April. Since then, no port in Asia has...
  • New handysize pool to be launched
    Besides asset and ship management, the new company plans to launch a new handysize pool
  • Braemar's new chief eyes expansion
    'We are in discussions over potential acquisitions... It's pretty clear it'll be a shipbroker, I'm not going to go and...
  • Japan looks to develop wind-assisted capesize
    Tokyo has set a target of a 46% reduction in greenhouse gas emissions by 2030. That will require development of...
  • No respite for shippers even as demand eases
    Annualised box volume growth figures show only moderate growth since 2019. But the boom in demand in the US is...
  • Trafigura to partner with Yara on ammonia fuel project
    The two companies have signed a memorandum of understanding for the development of ammonia as a shipping fuel and will...
  • Daily Briefing
    Free to read: Shipowners will soon face taxes as well as death | Greek tanker owners in apparent Venezuela U-turn |...
  • Divers recover X-Press Pearl's 'black box'
    Divers have recovered the VDR from the wreck of the X-Press Pearl as the authorities draw up plans to prevent...
  • Cosco in talks to acquire Hamburg terminal stake
    Move comes with the Chinese giant's ambition to further expand globally, despite the ongoing coronavirus pandemic and rising geopolitical uncertainties

The Journal of Commerceweb site
JUNE 7, 2021
  • Two more carriers suspend trans-Pacific calls in Oakland
  • Container lines add more alternatives to congested Yantian
  • Retailers warn of ongoing supply chain woes amid import projection boost
  • US truckers hike fees on excessive dwells for trailers, containers
  • Strong demand continues to push MPV rate forecast higher
  • Flatbed rates on a steep incline for US shippers
  • US importers of low-value containerized goods embrace Section 321
  • Top US Shippers: Apparel, footwear shippers uneasy in uncertain trade environment

TradeWindsweb site
JUNE 7, 2021
  • Long Beach offering up to $9,000 in incentives for 'green' ships
  • Legal stalemate leaves Britoil unable to recover anchor handler in Egypt
  • When digital deals go wrong: the saga of the Sea King Elgedida
  • Carnival Cruise Line to start sailing from Texas in July
  • Spain latest country to join Hong Kong Convention ship recycling rules
  • Oskar Wehr's Norwegian $102m private placement project oversubscribed
  • ExxonMobil ditches in-house vetting, outsources to Stena
  • Equinor vows Johan Castberg FPSO will be 'safe' after government report
  • Norwegian Cruise Line continues fleshing out return to sailing plans
  • Crowley Maritime commits to transparency in ship recycling
  • Belships set to sell its oldest ship amid fleet renewal
  • Nova Marine and Aug Bolten announce handysize bulker tie-up
  • GEV aims to start building small-scale hydrogen ship in 2023
  • Awilco Container logs major profit in sale of last boxship
  • IMO ready to step into X-Press Pearl pollution battle
  • Synthetic fuels could be easy win for tanker owners, Gibson says
  • Tanker splash: Evangelos Marinakis throws down $216m on LNG-ready newbuildings
  • Namura and NS United cooperate on sails system for capesize bulker
  • Danish vessel performance experts make landfall in Greece
  • Climate activism hits Hapag-Lloyd as shareholder lobby revolts
  • CMA CGM targets $4bn profit in first half of year on back of consumer boom
  • Two cranes crushed in Kaohsiung port collision cost $21m
  • First fishing boat to get sail system is forerunner for bigger ships
  • Owners on alert as bulker attacked twice by pirates off West Africa on same day
  • Nigeria takes aim at pirates - but will its campaign work?
  • Combating piracy in Gulf of Guinea trickier than Somalia
  • AqualisBraemar to design Europe's first hydrogen fuel cell ropax
  • Euronav sells oldest tanker for $9.3m profit as renewal continues
  • Trafigura and Yara team up on ammonia as a fuel for shipping
  • Greek shipping is slow-steaming into green transition
  • George Tsavliris on a mission to revitalise London insurance market
  • Shipping legends leave imprint on Greek culture
  • Sri Lankan authorities recover X-Press Pearl's 'blackbox'
  • Maersk Tankers raids Torm for new global head of partner sales
  • Clarksons index hits highest level in over 12 years

American Shipperweb site
JUNE 7, 2021
  • FreightWaves Flashback: Ford reduces in-transit damage by 70%
    1991: In-transit damage used to be a major problem for Ford, but the automobile manufacturer has amped up its hauling standards.

The Bunker Bulletinweb site
JUNE 7, 2021
  • OIL FUTURES: Energy rally pauses as market searches for next driver
    Crude and refined product futures settled lower June 7 as the market looked for fresh drivers amid mixed global demand outlooks.
  • EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators this week
    Rotterdam 0.5%S Marine Fuel FOB barges finished the week to be assessed at $498.75/mt on June 4, up from $482.00/mt the previous week.
  • AMERICAS BUNKERS: Key market indicators June 7-11
    Latin America spot bunker prices continued to advance on support from crude futures, improved demand in several countries and talk of supply constraints in Colombia and Ecuador.
  • Marine fuel 0.5%S prices in Latin America climb back to pre-pandemic levels
    Gradually recovering from the worst effects of the coronavirus pandemic in April and May 2020, pricing in Latin American ports had reached post-pandemic peaks in the first half of March only to decline again.
  • OIL FUTURES: Crude futures correct lower despite bullish sentiment
    The drop in crude futures was less a reflection of softening market fundamentals, more a consequence of the multi-year highs seen in Brent crude at the end of last week, according to analysts.
  • Global oil market dependent on OPEC+ amid slow US shale ramp-up: Vitol's Muller
    **Low level of US shale rigs seen stalling quick rebound **Global stocks seen returning to 2019 levels by year-end
  • LNG makes up half of CMA CGM order book amid ongoing container bull-run
    **LNG a cheaper fuel than 0.5%S fuel oil **CMA CGM's Q1 2021 bunker bill falls on year despite market rise
  • China independent refineries rush to buy straight-run fuel oil as crude quotas to fall short
    **Four refineries take cargoes for Jun/Jul delivery **Using fuel oil lifts cost by $31/mt
  • Containership charter fixture rates eclipse previous record highs as tonnage market bull-run escalates
    **8,500 TEU vessel charters jump 330% on year **Multi-year charters now the norm
  • Trafigura, Yara to collaborate on clean ammonia value chain for shipping
    **Research focus on use as maritime fuel **Supply and demand 'needed in tandem'
  • EU carbon border mechanism to require surrender of certificates: draft proposal
    **Importers to require authorization by CBAM Authority **Certificates to be sold linked to EU carbon prices
  • Asia residual fuel: Key market indicators this week
    There was some supply tightness of high sulfur fuel oil in Japan due to a refinery turnaround, but Japanese bunker traders expected the volume loss to be minimal in the week of June 7.

›››File
FROM THE HOME PAGE
PORTS
MSC presents a new request for the management of cruise traffic in Ancona which includes the construction of a maritime station
Ancona
The duration of the proposed concession is 35 years.
PORTS
In 2024, the growth of general cargo in the port of La Spezia more than offset the decline in bulk cargo
The Spice
In the port of Marina di Carrara the annual traffic decreased by -0.4%
SHIPPING
Proposal by 47 governments, the EU Commission and ICS for the creation of an IMO fund for the decarbonisation of shipping
London
It could come into force in early 2027
PORTS
Strikes averted at US East Coast and Gulf ports
North Bergen/Lyndhurst
Preliminary agreement signed by the International Longshoremen's Association and the United States Maritime Alliance
SHIPPING
New annual record for vessel transit through the Straits of Malacca and Singapore
Port Klang
In 2024, traffic was 94,301 ships (+5.5%)
PORTS
Filt, Fit and Uilt have called a strike for tomorrow by the workers of the Central Tyrrhenian Sea Port Authority
PORTS
MSC, together with Neri and Lorenzini, presents an expression of interest for the Darsena Europa in Livorno
Leghorn
Warriors: in the next few days we will meet the group to talk in detail about the project
SHIPPING
Corsica Ferries sells Elba Ferries to BN di Navigazione
I go to Liguria
The fast ferry "Corsica Express Three" has been chartered to the Blu Navy company
PORTS
In 2024, Ukrainian ports handled a record 97.2 million tons of cargo.
Odessa
Agricultural products alone amounted to 60 million tons
SHIPPING
COSCO, we are not a Chinese Military Company
Beijing
The Chinese company has specified that the inclusion in the US list will have no impact on the group's global activities and operations.
PORTS
In 2024, freight traffic in the port of Ravenna was stable
Ravenna
Cruises down -17.7% compared to 2023
DEFENCE
US List of Companies Doing Business for Chinese Military Includes Shipping and Shipbuilding Companies
SHIPPING
Last November, ship traffic in the Suez Canal decreased by -55.9%
Cairo
In the first eleven months of 2024 the decline was -49.8%
PORTS
With over 3.9 million TEUs, in 2024 the port of Gioia Tauro set a new record for container traffic
Joy Taurus
Decrease in cars handled at the Calabrian airport
PORTS
Assonat and Assiterminal, the cancellation of the measure to increase the fees for maritime state concessions is a good thing
Rome
Serra: the TAR ruling reaffirms the importance of dialogue between public administration and users
PORTS
The duration of the Agencies for the provision of work in ports and for professional requalification has been extended by 18 months
Rome
ACCIDENTS
Port State Control Inspections Begin on Eagle S
Helsinki/Brussels
NATO decides to increase the Atlantic alliance's military presence in the Baltic Sea
PORTS
In 2024, Tanjung Pelepas Port recorded a new all-time record in container throughput
Iskandar Puteri
Over 12.2 million TEUs were handled (+16.9%)
PORTS
Works worth over 57 million euros for the energy infrastructure in the port of La Spezia
The Spice
Electrification of the New Cruise Pier and new hydrogen generators
LOGISTICS
Assologistica, the new rules on reverse charge discipline in the Budget Law are good
Milan
Rapid issuance of the implementing provision by the Revenue Agency is hoped for
PORTS
The electrification of the docks of the ports of Sardinia starts from Portovesme
Cagliari
Almost 52 million euros of works planned
SHIPPING
Arkas Line ships to reach India
Izmir
Turkish company to merge three services in the Mediterranean
SHIPPING
Two lanes of ship transit tested in a 10km section of the Suez Canal
Ismailia
They are located in the area of the Little Bitter Lake
SHIPPING
Suez Canal Transit Decline Costs Egypt Seven Billion Dollars
Cairo
In 2024, naval traffic decreased by more than -60%
PORTS
Port of Valencia, monthly traffic down after over a year of growth
Valencia
Decrease in volumes in all main product sectors
ACCIDENTS
Underwater cables damaged in the Gulf of Finland at Christmas
Helsinki
Oil tanker "Eagle S" stopped, part of shadow fleet operating for Russia
PORTS
Cargo traffic at Chinese seaports increased by +3.2% in November
Beijing
Foreign goods increased by +6.1%. Containers increased by +4.9%.
PORTS
TIL (MSC Group) - JNPA Agreement for the Construction of Vadhvan Port
Uran
The new airport is located on the western coast of India
PORTS
Shanghai is the world's first port to handle over 50 million containers in a year
Shanghai
SIPG highlights strong productivity gains achieved by introducing automation boost in Yangshan area
SHIPPING
Yang Ming to acquire up to 13 new 8,000-15,000 TEU containerships
Keelung
They will replace 5,500-6,500 TEU vessels that are over twenty years old
SEAFARERS
Eight amendments to the International Maritime Labour Convention enter into force today
Geneva
Changes introduced to improve living and working conditions on board ships
CRUISES
Carnival posts record performance for September-November quarter
Miami
Revenues increased by +10.0% in the period
LEGISLATION
Uniport appreciates that the port reform is taking place through a delegated law and trusts (!) in the government's willingness to open a dialogue with the operators
Rome
ASSOCIATIONS
Søren Toft (MSC) is the new president of the World Shipping Council
Washington
Vice President is Randy Chen of Wan Hai Lines
LEGISLATION
"SHIPS for America Act" Introduced, Bipartisan Bill to Strengthen U.S. Shipping Industry
Washington
Among the proposals, carrying up to 10 percent of imports from China on U.S.-flagged, U.S.-crewed, U.S.-built ships
SHIPPING
In the last quarter of 2024, OOCL revenues grew by +55.0%
Hong Kong
Containers transported by the fleet increased by +6.1%
LOGISTICS
Medlog signs partnership agreement to build dry port and logistics area in Egypt
Cairo
The affected area is approximately 102 hectares
PORTS
Filt Cgil urges to throw away the Antitrust Authority's proposal on port work
Rome
D'Alessio: the AGCM has not at all analyzed the real dangers for the integrity of the principle of competition
SHIPPING
Strong annual revenue growth for Evergreen, Yang Ming and WHL companies
Taipei/Keelung
Revenue growth also accentuated in the fourth quarter of 2024 alone
PORTS
Industrial reconversion works to begin soon at the "ex Yard Belleli" site in the port of Taranto
Taranto
The intervention has a value of 135.3 million euros
PORTS
The Northern Tyrrhenian Sea is the first AdSP to equip itself with the Anti-Violence Strategic Plan
Leghorn
The aim is to prevent discriminatory and violent phenomena within the institution.
INFORMATION TECHNOLOGY
Greek Navarino Acquires Dutch Castor Marine
London
Both companies develop information technology and communication solutions for the maritime sector
MEETINGS
The annual assembly of Federlogistica will be held in Rome on January 21st
Rome
The theme is: "Intelligent Logistics. If Artificial Intelligence Breaks Into the World of Logistics"
ASSOCIATIONS
Trade mission in Vietnam by Spediporto, AdSP and Municipality of Genoa
Genoa
Meetings scheduled in Ho Chi Minh City and Danang
FREIGHT TERMINALS
In 2024 Interporto Padova recorded a record intermodal traffic of almost 412 thousand TEU (+6.5%)
Padua
SEAFARERS
Commander Emanuele Bergamini is the new president of USCLAC
Genoa
Gianni Badino was elected president of the USCLAC-UNCDiM-SMACD unitary union
PORTS
Tender for the development of cruise activities in the Greek ports of Katakolon, Patras and Kavala
Athens
The issuing of concessions with a minimum duration of 30 years is foreseen
PORTS
The electrification of four moorings in the ports of Bari and Brindisi has begun
Bari
Contract worth over 28 million euros
PROGRESS AND TECHNOLOGY
Circle has been awarded the tender for the digitalisation services of the Eastern Adriatic Port Authority
Milan
LAW
Roberto Spinelli's position in the corruption investigation in Liguria has been archived
Genoa
Order of the judge for preliminary investigations
PORTS
Work has begun in the port of Pozzallo on the construction of the new offices of the AdSP of Eastern Sicily
Pozzallo
PORTS
Place the port of Imperia Oneglia under the management of the Western Ligurian Sea Port Authority
Imperia
This is requested by the Port Company "L. Maresca" and the Lodovico Maresca Port Workers Company
FREIGHT TERMINALS
Interporto Padova looking for a potential partner to participate in the terminal activity
Padua
The market research will end on January 31st
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
LOGISTICS
New logistics company GTS Horizon established in Verona
Bari
It was founded by the GTS group and Simone Gatto De Chirico (De Chirico Srl)
RAILWAY TRANSPORT
In the third quarter, freight transported on Austrian railways increased by +1.8%
Vienna
In the first nine months of 2024 the increase was +1.7%
LOGISTICS
Uiltrasporti, the reverse change of VAT in the budget law is good
Rome
Verzari: we hope that this measure will be made structural in the future
COMPANIES
Circle acquires Telepass Innova's Infomobility and Telematics business units
Milan
The value of the transaction is 6.2 million euros
PORTS
Tender for construction of Albanian port of Porto Romano restarted
Durres
The deadline for submitting bids has been set for February 7th.
SHIPPING
Eukor secures renewal of contracts for exporting cars from Korea and China
Lysaker
The expected value of the agreements is $4.2 billion.
PORTS
PSA Singapore Sets New Annual Container Traffic Record
Singapore
The 40 million TEU mark was reached on December 24th
COMPANIES
US-based FTV Capital makes offer to acquire Windward
London
London-based company develops technological solutions for shipping
OFFSHORE
American Halliburton buys Norwegian Optime Subsea
Noted
European company develops technologies for underwater operations
SHIPPING
Grimaldi took delivery of the multipurpose ro-ro Great Cotonou
Naples
Next month it will be launched on a new service of the group between China and Nigeria
ASSOCIATIONS
Federagenti has appointed 24 "ambassadors"
Rome
They have been protagonists in the profession of maritime agent for over 60 years
FINANCING
Ports of La Spezia and Marina di Carrara, over five million allocated for the green transition
The Spice
Funds for the purchase of electric or hydrogen vehicles
PORTS
In November, freight traffic in the ports of Genoa and Savona-Vado increased by +4.3%
Genoa
In the first eleven months of 2024, an increase of +1.1% was recorded
PORTS
In the first 11 months of 2024, traffic in the port of Trieste grew by +6.4% thanks to mineral oils
Trieste
A decrease of -8.2% was recorded in the port of Monfalcone
NEWS
Over two and a half quintals of cocaine seized in the port of Genoa
Genoa
The drugs were inside a refrigerated container coming from Ecuador
PORTS
Manca (Sardinia Region): Promises of allocation of resources for the Kalport agency not fulfilled
Cagliari
Urgent meeting requested with Minister of Labor
PORTS
Increases in port fees in the ports of Bari and Brindisi
Bari
Leone: we are committed to adopting measures that do not impact traffic and users
NEWS
Large quantity of cocaine seized in the port of Olbia
Sassari
39 kilos of drugs discovered hidden in a minivan
INTERMODAL TRANSPORT
From January Hupac will intensify intermodal connections between Belgium and Italy
Noise
The frequency of the shuttle train between Busto Arsizio and Padua will also increase
PORTS
Port of Ancona, provisional concession granted to Fincantieri plant
Ancona
The new concession will last 40 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
MEETINGS
The annual assembly of Federlogistica will be held in Rome on January 21st
Rome
The theme is: "Intelligent Logistics. If Artificial Intelligence Breaks Into the World of Logistics"
MEETINGS
A conference on the implications of geopolitical crises for ports and maritime transport in Venice on Thursday
Venice
It is organized by Ca' Foscari University and the AdSP of the Northern Adriatic
››› Meetings File
PRESS REVIEW
Iran signs over $1.8b investment contracts with private sector for ports development
(Tehran Times)
North Korean tankers transport over one million barrels of oil from Russia
(NK News)
››› Press Review File
FORUM of Shipping
and Logistics
Autorità di Regolazione dei Trasporti
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
PORTS
In November, freight traffic in the port of Barcelona fell by -3.7%
Barcelona
Container handling is growing (+6.3%), but not the weight of containerized cargo (-6.9%)
OFFSHORE
Saipem awarded new offshore contract by Shell in Nigeria
Milan
For the Italian company it has a value of around 900 million dollars
LEGISLATION
Rixi briefly illustrates the port reform
Rome
Creation of a publicly controlled company to manage investments and represent the Italian port system
RAILWAY TRANSPORT
Agreement between RFI and RSE for the study of a magnetic levitation freight transport system
Milan
SAFETY & SECURITY
Maritime safety, agreement signed at MIT to simplify verification procedures
Rome
Inspection and certification activities may be carried out by specifically accredited bodies
PORTS
In the first eleven months of 2024, cargo traffic in Russian ports decreased by -2.0%
St. Petersburg
Both dry goods (-2.1%) and liquid bulk (-2.0%) are decreasing
LOGISTICS
Log In acquires 19,600 square meters of space at Interporto Toscano Amerigo Vespucci
Kansas City
It is the fourth acquisition in Italy of the Theoreim group company
OFFSHORE
Prysmian wins two EPCI contracts from French RTE, potentially worth €700 million
Milan
The laying of approximately 640 kilometers of land and underwater cables is planned
PROGRESS AND TECHNOLOGY
Testing of an autonomous port tractor in the port of Wilhelmshaven
Wilhelmshaven
It will be launched next year by Eurogate, MAFI, ICT Group and Embotech
SAFETY & SECURITY
Intesa Fincantieri - Sparkle for the protection and surveillance of submarine cables
Trieste
The two companies will analyze the requirements to improve the security of the infrastructure
PORTS
Barcelona terminal operator BEST has ordered two new super post-Panamax quay cranes
Barcelona/The Hague
APM Terminals announces completion of work to increase capacity at MedPort Tangier terminal
COMPANIES
Wärstilä sells Automation, Navigation and Control System to Swedish investment company Solix
Helsinki
In 2023 ANCS recorded revenues of 200 million euros
PORTS
Cisl, speed up the choice of the president of the Port System Authority of the Eastern Ligurian Sea
The Spice
Necessary to implement works and investments
PORTS
Works awarded for the expansion of the container terminal in the port of Koper
Coper
The works will be completed by the end of 2027
PORTS
Container traffic in the port of Hong Kong fell by -4.2% last month
Hong Kong
In the first eleven months of 2024 the decline was -5.0%
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