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04 October 2025 - Year XXIX
Independent journal on economy and transport policy
12:18 GMT+2
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September 4, 2025

free news
Exim India web site
SEPTEMBER 4, 2025
  • Prime Minister to inaugurate Phase-II of PSA Mumbai at JN Port today
  • DGFT extends export obligation period to 18 months
  • Syama Prasad Mookerjee Port sees impressive cargo volume growth during April-August
  • Container ship orderbook seen crossing 10 m TEU
  • Defence requirements being aligned with logistics infrastructure
  • DP World's global investment creates 5,000 new jobs across four continents this year
  • Prime Minister to attend 'India Maritime Week' in Mumbai in Oct.; will address Global Maritime CEO Forum: Sonowal
  • Textile exports to UK under FTA may offset US losses, says CareEdge
  • India's freight market faces mixed signals across air, ocean shipping
  • Soymeal exports to the US plunge

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International Transport Journal web site
SEPTEMBER 4, 2025
  • Wallenius and Hansen present ro-ro design
  • ANA-NCA deal brings freighters back to Frankfurt
  • Board changes at K+N
  • Europa Road transports testing kits
  • 'Sea trains' secure funding
  • Partnership for resort logistics
  • "Curiosity of the Day"
  • Driven by air cargo growth
  • Circle Group inks 140,000 EUR deal
  • "Not a single nail will arrive"
  • Arvato expands hyperscaler services
  • Maersk Air brings in leadership duo

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The Loadstar web site
SEPTEMBER 3, 2025
  • Two airlines move operations to dnata's new Schiphol facility as problems 'stabilise'
  • Airfreight volumes 'surprisingly' robust, thanks to summer bump
  • 'Risk-off wave' hits DSV hard, but it's in good (US) company
  • Tariff catches Brazil by surprise, with perishable exports to US hit hard
  • Maersk Air Cargo picks up Schenker managers
  • Importers need to act to be ready for refunds if tariffs are confirmed illegal
  • With USTR port fees looming, will carriers impose surcharges? ask shippers
  • Car-carriers sail through tariff-inspired headwinds as China's exports boom
  • Eduardo Razuck and Søren Schmidt join K+N board

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Marine Log web site
SEPTEMBER 3, 2025
  • IUMI updates its guidance on EV fire hazards
    The recent loss of the car carrier Morning Midas is yet another reminder that costly and potentially deadly EV fires on board ship remain a continuing concern and, today, the International Union
  • Maryland Pilots take delivery of new Chesapeake class pilot launch
    The Association of Maryland Pilots has taken delivery of its fifth Chesapeake class launch from Gladding-Hearn Shipbuilding, Duclos Corporation since 2002. "The Maryland Pilots have some unique features and configuration control is

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Container News web site
SEPTEMBER 3, 2025
  • Gulftainer unveils inland container depot
    Gulftainer has launched the country's first bonded Inland Container Depot in Sharjah setting a new milestone in the UAE's trade and logistics sector. Now fully operational, the Sharjah ICD enhances the nation's logistics infrastructure and efficiency, offering seamless links between seaports and inland markets. Located just 20 km from Sharjah Port and 140 km from Khorfakkan Port, the facility pro
  • CentrePort reports strong performance
    CentrePort has reported continued growth in FY25, delivering an Underlying NPAT of US$17.6m, up 20% from FY24's $14.6m. The result reflects the port's consistent focus on efficiency, innovation, and customer service, building on the momentum established after the 2016 Kaikoura earthquake. Board Chair Lachie Johnstone highlighted the significance of this achievement, noting a 30% compounded annual
  • KCCI falls 1.6% as Busan export rates weaken
    According to Japan International Freight Forwarders Association (JIFFA), the KOBC Container Composite Index (KCCI) dropped 1.6% to 1,909 points on Monday, Korea Ocean Business Corp. (KOBC) announced. Unfavorable fluctuations hit container export rates from Busan across multiple trade lanes. Main routes showed mixed performance. Rates to the U.S. West Coast climbed 1.19% to US$1,871 per FEU. The U
  • The Potential for 3PL Partnerships in 2025's Economic Climate
    U.S. shipping container imports have fallen significantly in 2025 due to imposed tariffs on international goods. Combined with signs such as an increase of blank sailings earlier in the year, economic uncertainty has been a prevalent theme for both the maritime shipping industry and businesses alike. For companies that wish to reduce international shipping costs amid looming economic concerns lik
  • Mariana Express Lines appoints PIL Kenya as agent
    PIL Limited will act as the agent for Mariana Express Lines in Kenya since September 11, 2025. This appointment is a significant milestone in MELL's expansion within East Africa, enabling closer engagement with customers. By establishing a dedicated agency in Kenya, MELL can provide customized shipping and logistics solutions with enhanced efficiency and reliability. Mr. Ross Wang as the Head of
  • Peel Ports Clydeport handles record wind turbine shipment
    Peel Ports Clydeport has welcomed its largest-ever wind turbines to King George V Dock in Glasgow, marking a milestone for Scotland's renewable energy sector. The achievement follows a £3 million investment in new infrastructure, including a purpose-built egress road and enhanced terminal facilities, designed to streamline the handling of oversized project cargo. The dock received six turbines wi
  • Höegh Autoliners names Höegh Moonlight in Gothenburg
    Höegh Autoliners christened its sixth Aurora-Class vessel, Höegh Moonlight , at Sweden's Port of Gothenburg today. Jenny Westermark from Volvo Group sponsored the ship. She smashed the ceremonial champagne bottle. Sustainable Volvo cargo stole the show. The Höegh Moonlight holds 9,100 car equivalent units. It joins Höegh's 12 next-generation car and truck carriers. These Aurora-Class ships drive
  • JAXPORT appoints new Cargo Sales Director for Latin America
    JAXPORT added Juan Pablo Acosta Magaña to its Commercial team. He takes on the new role of Director of Cargo Sales for Latin America. Acosta Magaña will boost ties with containerized cargo customers in South America, Central America, Mexico, and the Caribbean. He focuses on building strong relationships and providing top-tier service to industry decision-makers. Acosta Magaña brings 20 years of e
  • Freightos Weekly Update: Further challenges to IEEPA tariffs
    A US federal appeals court last week upheld a US Court of International Trade decision from earlier this year that deemed the president's use of the International Emergency Economic Powers Act (IEEPA) to introduce tariffs illegal. President Trump had relied on IEEPA for tariffs aimed at addressing illegal fentanyl imports from Canada, Mexico and China, and for the long list of country-specific re
  • NZ customs taps WiseTech to modernize tariff system
    The New Zealand Customs Service picked WiseTech Global to digitize its Working Tariff Document. WiseTech, a leading logistics software firm, will streamline the complex tariff system. The Working Tariff, based on the World Customs Organization's Harmonized System, classifies over 98% of global trade goods. It sets duties, taxes, and levies for goods entering or leaving New Zealand. It also tracks
  • Rystad Energy releases LNG Emissions study
    Rystad Energy published a major study on LNG bunker fuel emissions. Commissioned by SEA-LNG, it pegs 2024 well-to-tank (WtT) emissions at 13.9 g CO2e/MJ (LHV). The study offers the most accurate data yet for LNG as a marine fuel. It aims to shape the IMO's Net-Zero Framework and future fuel policies. The study urges policymakers to act. They should push LNG supply chain players to cut emissions,
  • The rail backbone of Eurasi: Kazakhstan strengthens its position on the logistics map
    Central Asia is now one of the most promising regions on the global business map, experiencing robust economic growth and attracting a rising number of foreign investors, including from the European Union, China, and the United States. This growing interest spans many industries and reflects the strategic importance of the region. These countries are also actively engaged in the development of tr
  • Wallenius Marine, KNUD E. HANSEN launch new RoRo design
    Wallenius Marine and KNUD E. HANSEN have launched a new RoRo design at the Donsö Shipping Meet. The concept builds on the award-winning Sleipner PCTC design and operational data from the vessels Future Way and Way Forward. The 170-metre-long ship offers 2,720 lane metres of cargo space, equal to 181 trailers. By moving the engine room to the bow, the design frees up space for faster loading and
  • Important notice about newsletter subscription
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  • Global container trade surges beyond forecasts
    Global container trade defied expectations in 2024, with ports worldwide handling 937 million TEUs, significantly outpacing industry forecasts of 901 million TEUs
  • Why sanctions can't sink the shadow fleet?
    The global maritime industry faces an unprecedented challenge as shadow fleet continues to expand despite intensifying Western sanctions. With over 370 vessels now flying false flags an explosive 66% increase from just the beginning of this year the dark armada represents more than simple sanctions evasion. It has evolved into a sophisticated tool of economic warfare that exploits fundamental wea
  • AD Ports Group signs dredging deal to expand Karachi Terminals
    AD Ports Group has signed a dredging agreement with Dutch marine contractor Van Oord to boost capacity at its Karachi port terminals in Pakistan. The project, led by Noatum Ports, will deepen berths and channels at Karachi Gateway Terminal (KGTL), allowing larger ships of up to 350 metres in length and 15.5 metres draft. Once complete, container capacity at KGTL will rise from 750,000 TEUs to 1 m
  • EcoNavis, Franman introduce Eco Boss Cap to greek shipping
    EcoNavis Solutions has partnered with Greece-based Franman to bring its Eco Boss Cap technology to Greek shipping, including Cyprus and Greek-owned fleets worldwide. The deal opens one of the world's largest commercial shipping fleets to the energy-saving device. The Eco Boss Cap fits onto a vessel's propeller hub. It improves propulsion efficiency, reduces hub vortex cavitation, and optimizes wa
  • Blast rips through Maersk container in Incheon port
    Maersk Line has confirmed to Container News that one of its containers exploded in South Korea's Incheon New Port. The Danish mainline operator's spokesperson told Container News that on 28 August at approximately 8:50pm local time, a Maersk container exploded while stored in the yard at Incheon Hanjin Container Terminal, prior to export
  • Swire Shipping announces PSS from Australia to Papua New Guinea and the Solomon Islands
    Swire Shipping announces the implementation of a Peak Season Surcharge (PSS) on cargo shipped from Australia to Papua New Guinea and the Solomon Islands. ORIGIN COUNTRY DESTINATION COUNTRY CURR 20' 40' BB/RVT Australia Papua New Guinea, Solomon Islands USD 200 400 10 The surcharge will take effect on 1 October 2025 and applies to all cargo on this trade lane. The adjustment reflects ongoing equip
  • MatchLog's STinder Platform goes live with PIL
    MatchLog has launched its STinder platform with Pacific International Lines (PIL) in Singapore, marking a new step in smarter container management across Southeast Asia. The platform aims to optimize container reuse, improve asset utilization, cut repositioning costs, and reduce empty miles. PIL, one of Asia's major shipping companies, had previously worked with MatchLog in India to optimize cont

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Splash web site
SEPTEMBER 3, 2025
  • Hafnia swoops for 14.5% Torm stake in $311m deal with Oaktree
    Singapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m. The BW Group-backed owner will pay $22 per share for the block of A-shares in the Copenhagen- and New York-listed firm. The transaction is subject to final documentation and ...
  • Bourbon lines up newbuilds for ExxonMobil in Angola
    French OSV owner Bourbon has strengthened its long-standing relationship with ExxonMobil in Angola with a five-year charter for newbuild crew transfer vessels. The deal will see Bourbon Mobility deliver tailor-made 34-m crewboats to shuttle personnel between Soyo and Block 15, located around 80 miles offshore. The new units will replace 32-m vessels currently in service ...
  • Nam Cheong pulls plug on Japan OSV contract
    Malaysia's Nam Cheong has terminated a charter deal for one of its offshore support vessels with an offshore wind farm contractor in Japan after the charterer failed to meet its obligations. The Singapore-listed company said the contract collapsed following the cancellation of the charterer's downstream agreement with its end-user, leaving it unable to perform under ...
  • ADES scores multi-year jackup extension deal in Qatar
    Saudi Arabia's ADES has signed a multi-year contract extension with QatarEnergy for its jackup rig Aquamarine Driller, marking its second long-term award in Qatar this year. The deal secures the rig for a firm period of four years, with three additional one-year options. If fully exercised, the contract would run to 2032. The extension takes ...
  • TB Marine and Ektank sign for chemical tanker newbuilds
    German owner TB Marine and Sweden's Ektank have signed up for 22,000 dwt methanol-ready chemical carriers to join the IceChem Tankers pool. The Danish pool operator said four ships have been contracted, with the first newbuild due in autumn 2026, and subsequent units arriving every three months until summer 2027. IceChem, established in 2018, currently ...
  • Fujian Highton picks up MPP brace from Braren Roerd
    Chinese bulker owner Fujian Highton Development has continued its fleet expansion, grabbing a pair of multipurpose general cargo vessels in the secondhand market. The fast-growing company revealed in a stock exchange that two of its subsidiaries had struck deals with German owner Braren Roerd for the 2011 Huanghai Shipbuilding-built Pacific Hero and Pacific Honour at ...
  • Russia inks Siberia-Mongolia mega-pipeline deal with China, sidelining seaborne LNG
    Russia has secured agreement to build a colossal natural gas pipeline through Siberia and Mongolia to feed China's insatiable demand, a deal that threatens to redraw the global energy map - and sideline a chunk of seaborne LNG trade in the process. Dubbed Power of Siberia 2, the Gazprom pipeline will have a capacity of ...
  • Wood to continue supporting Equinor's Mariner assets
    Consulting and engineering firm Wood has secured a three-year contract extension to provide operations, maintenance, modifications, and support services on Equinor's assets at the Mariner field off the UK. Wood will continue to support the delivery of Equinor's strategic objectives through projects, upgrades, and maintenance on the Mariner A platform and Mariner B floating storage ...
  • Dolphin Drilling lines up drilling contract
    Semisub rig owner Dolphin Drilling has signed a letter of intent with an undisclosed client for one of its rigs. According to the company, the letter of intent was signed for the 1977-built Borgland Dolphin. If the LOI is turned into a firm contract, it is expected to have a value of approximately $58m. The ...
  • US cracks down on tanker network smuggling Iranian oil
    The US Treasury Department has imposed fresh sanctions on a shipping network accused of moving Iranian oil under the cover of Iraqi origin. Washington said the group, led by Iraqi-St. Kitts & Nevis businessman Waleed Khaled Hameed al-Samarra'i and based in the UAE, blended Iranian barrels with Iraqi crude and sold them as if they ...
  • Fairfield-Maxwell relaunches in Japan
    Two years on from quitting shipowning with the sale of its chemical tanker fleet to Mitsui OSK Lines (MOL), New York's Fairfield-Maxwell is returning to the business of shipping, opening a new office in Tokyo aimed at participating in ship construction, ownership, investment and leasing. The new company - Fairfield Maritime Japan - will focus ...
  • Altrad workers on EnQuest platforms to be balloted on strike action
    UK's largest offshore trade union, Unite, is holding an industrial action ballot for Altrad workers on EnQuest-operated Magnus and Thistle Alpha platforms. The pay dispute is based on Altrad Employment Services' reneging on a 4% wage increase, which is due to approximately 50 workers on the platforms, effective January 1, under the Offshore Energy Services ...
  • Inmarsat Maritime: 'Digital infrastructure isn't optional, it's foundational'
    The penny has finally well and truly dropped on the whole spend to save in shipping debate with the industry more willing to shell out for tech than it was in the past, according to Ben Palmer, the president of sat comms giant Inmarsat Maritime. "We're seeing a shift from 'if' to 'how,'" Palmer tells ...
  • VLCC sales tick over
    The wet secondhand market has picked up pace this week with a string of VLCC deals. Malaysia's MISC, via its tanker arm AET, has offloaded two Universal-built tankers - the 2007-built Bunga Kasturi Lima (300,246 dwt) and the 2008-built Bunga Kasturi Enam (299,319 dwt) - to Chinese interests for approximately $88m en bloc. One unit ...
  • Oman to build green ship recycling yard
    Oman will build an integrated green ship recycling facility in the north of the country. The new facility - a joint venture between the state and a Jordanian company - will be able to dismantle more than 70 ships annually. Other countries in the Middle East are looking at establishing ship recycling yards. Earlier this ...

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Lloyd's List web site
SEPTEMBER 3, 2025
  • US tariff maze could become even more difficult after court ruling
    The federal appeals court ruling against US president Donald Trump's emergency tariffs was not unexpected. What comes next - the Supreme...
  • The Top 100 Container Ports: 2024's winners and losers
    To mark the launch of the Lloyd's List Top 100 Container Ports rankings, deputy editor Linton Nightingale takes a deep...
  • Syria resumes oil exports after 14 years following lifting of sanctions
    Syrian Energy Ministry announced that the crude oil was sold to B Serve Energy
  • Hafnia to buy 14.5% stake in rival Torm for $311m
    Time will tell whether Hafnia's move is the first step in a future consolidation bid or purely an investment decision
  • Philippines 'will look after its own' with breakthrough declaration
    The Manila Declaration on Seafarers' Human Rights was announced at the end of a government-led conference and has already been...
  • IMO needs a 'clear plan' for spending carbon tax funds
    The UK and Mexico say the IMO needs a 'clear plan for disbursing funds' or its Net-Zero Fund will miss...
  • Dockworkers in Italy threaten to block Israeli cargoships if aid flotilla blocked
    This is the fourth attempt by an aid flotilla to sail to Gaza this year, after previous efforts failed
  • Petrobras employee dies after fall at Hanwha Ocean's Geoje shipyard
    Unions have raised concerns about the safety of shipyards previously, after workers died in accidents last year
  • Steamship letting free reserves take underwriting strain
    Club's strategy is to allow capital surplus to absorb volatility
  • Dockworkers suspected of being 'trusted insiders' for drug smugglers
    Police said the investigation targeted so-called 'trusted insiders' working inside Sydney ports to help move drugs into Australia
  • Fairfield-Maxwell launches new Japanese shipping venture two years after tanker exit
    The family investment firm has appointed IINO Lines veteran Ryuichi Osonoe as president to lead the relaunch of its maritime...
  • The Daily View: From Russia with gas
  • US continues crackdown on Iran-Iraq oil blending in fresh sanctions
    The US continued its focus on Iraq's role in facilitating Iranian oil trades with fresh sanctions on Tuesday targeting a...
  • Container shipping margins hit post 2023 low as analysts flag year-end losses
    Container shipping margins plunged to their worst in 18 months despite Red Sea disruptions, as analysts warn of further erosion...
  • Daily Briefing
    China's warming view of Russian gas won't unfreeze Arctic LNG 2 problems | Phased retrofits offer compliance path for ageing...

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The Journal of Commerce web site
SEPTEMBER 3, 2025
  • Bad weather, early peak demand slowed BNSF trains last month
    Weather-related slowdowns were compounded by track work that typically wraps up in August, but this year overlapped with an earlier-than-usual surge in international and domestic intermodal demand.
  • Ocean carrier profit margins, earnings outlook for 2025 trimmed further
    The dismal outlook for the second half of the year is prompting Wall Street analysts to rein in earnings expectations as many carriers also report steep declines in their profit margin amid a mix of overcapacity and "tariff-driven cost escalation."
  • Cargo groups slam 'patchwork' rollout of Europe's ICS2 advance filing program
    Fifteen of the 27 EU countries will postpone implementation of the customs risk analysis program for imports into the EU until the end of the year, including France, Belgium, Spain and Italy.
  • Congestion choking Mundra Port threatens North India cargo flow
    Container lines offering regular calls at India's busiest port have told customers the landside logjam is causing considerable supply chain risks for the trade as train turnarounds remain increasingly chaotic.

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TradeWinds web site
SEPTEMBER 3, 2025
  • How Canada's export pipeline expansion created a 'net negative' for crude tankers
    Aframaxes gain but Iraq-to-California and US Gulf-to-China voyages have been displaced
  • New figures shine a light on changing grain flows to China - and how the US is losing out
    Tariffs and trade tensions between the US and China have redrawn grain trade
  • 'Cash flow machine': Jefferies hikes Torm's price target after surprise investment
    Analyst Omar Nokta says Danish shipowner deserves premium for its strong operating performance
  • Feeder specialist Contships draws extra $75m in successful Oslo bond market tap
    Greek shipowner Nikolas Pateras improves financing terms from his Nordic debut in January
  • Andreas Sohmen-Pao plants seed for Torm takeover as Hafnia grabs Oaktree shares
    Singaporean player insists consolidation is good while buying tranche of Oaktree shares
  • Andreas Sohmen-Pao's Hafnia swings for Torm as it snaps up Oaktree Capital shares
    Singaporean player insists consolidation is good while buying tranche of Oaktree shares
  • VLCC player Hunter's stock surges as investors encouraged by Opec production rumours
    Frontline and Okeanis Eco Tankers also post gains on Wednesday
  • Saudi Arabia and Iraq halt tanker shipments to sanctioned Indian refiner
    No crude headed to Nayara's Vadinar plant from the two countries in August
  • Pangaea Logistics dumps external auditors after 'weakness' in controls disclosure
    Company hires a big name and says accounting issue did not affect key financial metrics
  • Intelligent software, the new invisible engine: Welcome to Maritime 5.0
    Advanced digital technology is no longer a technical question for shipping, it's a strategic choice
  • How a single email from the Baltic Exchange helped recover broker's commission
    Dispute resolution service hails successful payment of more than $50,000 to panellist
  • Beware of explosion risk from car carrier fires, warn insurers
    Latest research highlights changes in tactics to tackle blazes on ships moving electric cars
  • Scrubber-fitted VLCCs have cleaned up with huge profit advantage over the last five years, broker Gibson says
    London shop examines the costs of a 'deluge' of environmental regulations
  • Sanctioned dark fleet owner finally pays up after seafarer's death on Russian tanker
    Financial wrangling linked to the blacklisted tanker is just the latest case of crew payment problems with shadow fleet vessels
  • Purus revealed as owner behind order of up to four energy construction ships in China
    Brokers name expanding Singapore company as contractor of Salt-designed units
  • Russia's LNG shadow ships set to take long way round Northern Sea Route ice
    Sanctioned shipment heads west while another non-ice class vessel appears to turn tail in Arctic passage
  • Carsten Mortensen reshuffles Dee4 Capital board with new chairman and veteran broker joining top table
    Lotte Mollerup van Hauen takes the chair, while Mike Holm joins board
  • Hafnia tipped for three tanker sales in firm S&P market
    Market dominated by reported disposal of ships bought from Lauritzen Bulkers in 2013
  • 'Real-life LinkedIn': Bullish German shipping boosts 42nd Peter Gast Schiffahrtsregatta
    More than 100 yachts and 800 participants master fitful elements in Baltic race
  • Ex-Navig8 executive David Wiswell quits Peregrine Tankers partnership as outfit pivots to Dubai
    Company had been running the MR2 fleet of TMC Shipping
  • 'Highly unusual': Maersk Tankers ships out first US petrol cargo from huge African refinery
    Danish operator's pool MR tanker heading to New York from Nigeria
  • Macquarie ship finance loan book hits $2bn boosted by new segments and fresh deals
    Unit finances more than 500 vessels globally
  • Harry Vafias tanker and bulker spin-off poised for growth with zero debt
    Nasdaq-listed C3is ready to explore new opportunities, CEO says
  • Petrobras official rushed to hospital after fall from collapsed newbuilding at Hanwha Ocean
    Concerns for one person and another missing after shipyard accident
  • 'Limited upside': Product tanker giants Hafnia and Torm downgraded as Fearnleys warns of lower rates
    Product tanker owners cut to 'hold' by Norwegian investment bank
  • DOF banks $150m bond pot after 'great reception' from investors
    Bonds issue was led by DNB Carnegie and Pareto Securities
  • Ektank and TB Marine order four methanol-fuelled chemical tankers for IceChem pool
    Swedish and German owners design ships for core North Atlantic market
  • One feared dead and up to five missing after accident at Hanwaha Ocean shipyard
    Petrobras is believed to be the owner of the floating production, storage and offloading unit involved
  • Hoegh Autoliners newbuildings still the best as competition heats up, CEO says
    Other car carrier owners have gone bigger, but Aurora vessels still future-proof
  • Bengal Tiger Line's golf tournament tees off under new CEO
    Andrew Winter keeps promise to maintain BTL Masters as one of Asian liner shipping's most prominent sporting events
  • International Seaways targets new bond to finance VLCC deal with Ocean Yield
    Banks will hold investor meetings from today
  • Samudera Shipping buys container ship for $50.36m
    Vessel will be delivered in the fourth quarter of this year
  • Lepta Shipping linked to LPG carrier newbuildings at Chinese yard
    Japanese tonnage provider has a total of 10 midsize gas carriers on order at Yangzijiang Shipbuilding
  • Fairfield-Maxwell bursts back into shipowning in Japan two years after selling chemical tanker unit
    Former Fairfield Chemical Tankers parent taps Ryuichi Osonoe to lead new tonnage provider in Japan

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American Shipper web site
SEPTEMBER 3, 2025
  • InPost partners with Bloq.it to install 20K parcel lockers
    InPost partners with Bloq.it to install 20,000 smart lockers, enhancing out-of-home parcel delivery.

››› File
FROM THE HOME PAGE
In August, freight traffic in the port of Ravenna grew by +10.9%
Ravenna
Bulk cargo is on the rise. Miscellaneous cargo is on the decline.
Federlogistica has established its own representation in the Iberian Peninsula
Genoa
It will support Italian entrepreneurs operating in Spain
Boluda acquires Royal Boskalis' towage and salvage operations in Australia and Papua New Guinea.
Valencia
Transaction valued at $640 million
ESPO urges IMO States to formally adopt the Net-Zero Framework
Brussels
The association also urges the EU Commission to align European standards
The Port of Los Angeles plans to build a new container terminal.
Los Angeles
Invitation to submit expressions of interest
In the third quarter, Italy's connection index to the global containerized maritime services network grew by +2.7%.
In the third quarter, Italy's connection index to the global containerized maritime services network grew by +2.7%.
Geneva
The most significant growth in PLSCI was recorded by the port of Savona-Vado Ligure (+53.7%)
ONE will not charge surcharges for new US taxes on Chinese ships
Singapore
They will be applied starting from October 14th
Fincantieri and Aeronautical Service sign agreement for the use of composite materials in the naval, civil, and military sectors.
Trieste
Genoa Port Terminal concession renewal approved until 2054
Genoa
The terminal's operating conditions have been redefined, bringing them back to the multipurpose function, in compliance with the ruling of the Council of State and the PRP
PSA Italia-Logtainer and Rail Hub Milano-Medlog have submitted offers to manage the Interporto Padova intermodal terminal.
Padua
Cargo traffic in Chinese seaports increased by 4.5% last month.
Beijing
Containers amounted to 27.7 million TEUs (+6.8%)
The Netherlands is referring to the Court of Justice of the European Union the question of whether to entrust seafarers or dock workers with the lashing operations on smaller container ships.
In the second quarter, container traffic handled by Eurokai terminals grew by +16.4%
Hamburg
Significant growth of 16.1% in Germany. In Italy (Contship), volumes increased by 5.2%.
China enacted regulation in response to US taxes on Chinese-owned and -built vessels
Beijing
The new rules include the possibility of introducing similar countermeasures
New attack on ships transiting the Gulf of Aden
Southampton
UKMTO announced that a fire broke out on a vessel hit by a shell
Le Aziende informanoSponsored Article
ITS Costruttori, il corso di alta formazione per entrare nel mondo di Fincantieri
Carnival closes its best quarter ever
Carnival closes its best quarter ever
Miami
The American cruise group announces a further strengthening of the growth trend in bookings
Marella Cruises sells Fincantieri slots for two new cruise ships to TUI Cruises.
Hannover/Trieste
With a gross tonnage of 160,000 tons, they will be larger than the units originally planned
GNV-Portitalia bridge agreement on lashing operations in the ports of Palermo and Termini Imerese
HMM will not introduce surcharges for new US taxes on Chinese ships
Seoul
The company will not modify scheduled services that stop in the United States
GATX Rail Europe signs sale-leaseback agreement with DB Cargo to purchase 6,000 railcars
Vienna
The transaction will be completed by the end of this year.
In the second quarter of 2025, freight throughput at the port of Bremen/Bremerhaven increased by +6.0%
In the second quarter of 2025, freight throughput at the port of Bremen/Bremerhaven increased by +6.0%
Bremen
Miscellaneous cargo is growing. Bulk cargo is declining.
India launches nearly $8 billion package to support its shipbuilding and maritime sectors
New Delhi
Shipyard production capacity expected to increase to 4.5 million gross tonnage per year
In the second quarter of this year, freight traffic in French ports fell by -0.4%.
Paris
Dry bulk and rolling bulk trades are declining. Container and liquid bulk trades are growing.
Antin Infrastructure Partners to acquire UK's leading marina operator
Paris/London/New York
It will take over ownership from British private equity firm LDC
Royal Caribbean agrees with Meyer Turku to build Icon ships for a decade
Miami
Order confirmed for a fifth Icon cruise ship and option placed on a seventh unit of the same series
Maersk announces it will not apply surcharges for new US tariffs on Chinese vessels
Copenhagen
The company assures that it will not make any changes to its services
Cochin Shipyard and KSOE enter into strategic collaboration in shipbuilding sector
New Delhi
The creation of approximately two thousand direct jobs is expected
DHL will resume freight shipments from Germany to the United States for corporate customers.
Bonn
They had been suspended due to the removal in the USA of the "de minimis" threshold for goods with a value of less than 800 dollars.
World Business Council for Sustainable Development Statement in Support of the IMO Net-Zero Framework
Ancona: Tax fraud in the shipbuilding sector
Ancona
Over €2.3 million in non-existent tax credits seized
CMA CGM buys British rail freight operator Freightliner
Birmingham
The transaction will be completed in early 2026
Containerized cargo at the port of Algeciras decreased by -9.4% last month
Algeciras
The 20-foot containers handled were 399 thousand (-0.7%)
Italferr participates in Europe's largest railway electrification contract
Rome
Activities within the Rail Baltica project
Freight traffic increased in the ports of Barcelona and Valencia in August
Barcelona/Valencia
In the first eight months of 2025, decreases of -1.6% and -0.3% respectively were recorded
In the June-August quarter, FedEx express courier revenues increased by +3.1%
Memphis
An average of 16.8 million express shipments were handled per day (+3.5%)
Breakthrough in the exploratory tunnel of the Brenner Base Tunnel
Milan/Rome
At 64 kilometers, it will be the longest underground railway connection in the world.
Tender launched for privatization of Croatian shipyard 3. MAJ Rijeka 1905
Zagreb
The starting bid is 6.66 million euros.
To decarbonize, shipping should join forces with other hard-to-abate sectors
London
This is highlighted by a report by Accelleron which believes that a critical mass of demand is necessary to overcome a stalemate phase.
COSCO Reassures Customers on Impact of New U.S. Tariffs on Chinese Vessels
Shanghai
We - the Chinese company assured - will maintain competitive freight rates and surcharges.
Shipping is still far from the target of 5-10% of fuel used coming from scalable, zero-emission sources by 2030
Copenhagen
The need to introduce incentives was underlined
Spain's Boluda acquires Transfesa's intermodal rail freight services.
Valencia
The agreement also includes industrial services, railway maintenance and shunting activities and intermodal terminals.
Til (MSC Group) to become a shareholder in Turkey's Petkim container port
Til (MSC Group) to become a shareholder in Turkey's Petkim container port
Baku
Agreement with the Azerbaijani oil group SOCAR
German and Austrian trailer manufacturers challenge EU regulation to reduce truck environmental impact
Berlin/Brussels
They denounce that its application leads to an increase in traffic volumes and therefore emissions.
The Venice Marghera station has been equipped with a track compliant with European TEN-T standards
Venice
A 740-meter freight track has been opened.
World Shipping Council introduces Cargo Safety Program to prevent ship fires
Washington
It is based on artificial intelligence and traditional goods inspections
Rheinmetall to enter naval shipbuilding sector by acquiring Naval Vessels Lürssen
Bremen
Lürssen Group to focus on megayacht production
The British government is investing half a billion pounds to reduce shipping emissions.
London
Private investments of 700 million expected
HMM signs new 10-year contract with Vale for iron ore transport
Seoul
It is worth around $310 million.
The Campania Port Authority reaches an agreement with UNIPORT and Assiterminal
Naples
The regional tax - highlights the port authority - risks undermining the competitiveness of ports
IAPH and WCO publish updated guidelines on cooperation between customs and port authorities
Tokyo/Brussels
Contributed by the World Shipping Council
ABB and Blykalla collaborate on nuclear marine propulsion
Stockholm
The agreement focuses on small modular fast reactors developed by the Swedish company
Saipem wins new offshore contract worth approximately $1.5 billion in Türkiye
Saipem wins new offshore contract worth approximately $1.5 billion in Türkiye
Milan
It is related to the third phase of the Sakarya gas field development project.
In the second quarter, freight traffic in the port of Civitavecchia grew by +5.7%
Civitavecchia
Record for cruise passengers this period
Uniport and Assiterminal oppose the additional fees demanded of port operators by the Campania Region.
Rome
Amount between 10% and 25% of the annual state fee
The first train from Belgium under the FS Logistix-Lineas agreement has arrived in Segrate.
Milan
Five return connections per week to Antwerp are scheduled
Modernization works are underway at the passenger terminal at the port of Igoumenitsa.
Naples
Grimaldi takes delivery of the PCTC "Grand Auckland"
Damage to submarine cables in the Red Sea
Portsmouth
According to the International Cable Protection Committee, the cause could be ship traffic
Dutch company Damen to build 24 naval vessels for British company Serco
Gorinchem/Amsterdam
Green light for a €270 million bridging loan to the shipbuilding company.
DP World to build and operate container terminal at Montreal's new Contrecœur port
Dubai/Montreal
It will become operational in 2030
Expansion work has begun at the Vienna South intermodal terminal.
Vienna
Annual traffic capacity expected to increase by 44%
In July, ship traffic in the Suez Canal increased by +0.8%
Cairo
In the first seven months of 2025, a decrease of -10.2% was recorded
In July, freight traffic in the ports of Genoa and Savona-Vado decreased by -3.0%
Genoa
The decline was limited by increased oil traffic in the Vado harbor. Ferry traffic dropped 9.9%.
Trump nominates Laura DiBella as chair of the Federal Maritime Commission.
Washington
The nomination of Robert Harvey as commissioner of the federal agency has also been forwarded to the Senate.
Genoa's new dam: a modification has been approved to allow for completion of work by the end of 2027.
Genoa
Phase A and Phase B works will be carried out rather than sequentially
Assiterminal, simplify and standardize dredging procedures to restore the operational competitiveness of ports.
Taranto Recommends: The Regasification Plant Would Promote the Port's Revitalization
Taranto
Melucci: a lifeline for the entire port system and for our city's economic growth.
Cargo and cruise traffic in eastern Sicily ports is on the rise
Catania
In the container segment, an increase of +27.9% was recorded
FS Logistix and Lineas form joint venture to manage the Antwerp Mainhub Terminal
Antwerp
Rail services between Antwerp and Milan expected to increase
Attack on a product tanker in the Red Sea
Southampton
A missile fell near the ship which suffered no damage
Sea trials have been completed for the new GNV Virgo ro-pax vessel.
Genoa
It will be GNV's first liquefied natural gas ship
In the first half of the year, Singamas' container sales decreased by -10%.
Hong Kong
The average selling price dropped by -3.8%
The new two-masted ro-ro ship Neoliner Origin will arrive in Livorno tomorrow.
Vado Ligure
It has a capacity of 1,200 linear meters of rolling stock
The refinancing of the Setramar group's capital structure has been completed.
Ravenna
Merli: a crucial step in our growth journey
Liguori's term as head of the Trieste Port Authority has been extended.
Rome
Confirmed in the role of extraordinary commissioner of the institution
Agreement to complete electrification work on the docks at the port of Gioia Tauro
Gioia Tauro
The 70 million euro investment to complete the project has been confirmed.
A Maersk delegation at the Grendi Group's container terminal in Cagliari's Porto Canale.
Milan
At the centre of the debate is the development of traffic towards North Africa
Port of Livorno: Protests over Gaza must not block operations.
Livorno
The members of the Partnership Body highlighted the need for it to be accessible to all vessels
Geodis appoints Maurizio Bortolan as CEO for Italy
Milan
It will coordinate the three business lines Contract Logistics, Freight Forwarding and Road Transport
GNV, agreement with Sicilian terminal operator Portitalia is positive.
Genoa
The company specified that the aim was exclusively to temporarily supplement the tariffs.
Two days of work with ESPO in Rome on the Mediterranean and European ports
Rome
Meetings organized by Assoporti
In 2024, 112 million counterfeit items were seized in the European Union.
Brussels
Record estimated value of 3.8 billion euros
Strikes and protests in ports, request for information from the Guarantor
Rome
Request for information from prefects, port authorities, and port authorities
Danaos Corporation has ordered two 7,165 TEU containerships from Dalian Shanhaiguan.
Athens
They will be taken into delivery in the third quarter of 2027
In the second quarter, freight traffic on the Austrian rail network fell by -1.4%.
Vienna
Only domestic traffic is growing
ALS (FBH Group) has acquired 80% of Trans World Shipping and Moda Express of USA.
Rozzano
The two companies have 500 employees and are active in Italy, France, the United Kingdom and the United States.
Circle's revenue increased by 62.1% in the first half of 2025
Milan
Net profit of over 1.0 million euros (+1.8%)
A Ukrainian delegation hosted by the Northern Tyrrhenian Sea Port Authority
Livorno
Cooperation in the field of training and safety at work in ports
The EIB is financing Phase A of Genoa's new breakwater with €300 million.
Luxembourg
The total investment is 937 million euros
This summer, GNV ships carried 1.7 million passengers (+9%)
Valencia
In the next few days the company will take delivery of "GNV Virgo", the first LNG-powered vessel
The project for the expansion, safety improvements, and extraordinary maintenance of the port of Pozzallo has been presented.
Pozzallo
It provides for the construction of the breakwater arm
Fincantieri delivers the new Star Princess cruise ship to Princess Cruises
Monfalcone
It has a gross tonnage of 177,800 tons and a capacity of 4,300 passengers.
A seminar on the new law on interports will be held in Milan on October 2nd.
Milan
It is organized by the Chamber of Commerce of Padua
Filt Cgil calls on port administrators and businesses to join the action against the Palestinian massacre.
Rome
This burden – the union highlighted – cannot be placed solely on the shoulders of dock workers.
The agreement between the Italian Merchant Marine Academy Foundation and the NATO Center in La Spezia has been renewed.
Genoa
The collaboration signed in 2023 has been confirmed
Fischer & Rechsteiner and Gimax International acquire BCUBE's Freight Forwarding business.
Genoa
The completion of the transaction is expected in the next few days
Fermerci outlines a dramatic scenario for the European rail freight transport sector
Rome
Rizzi: There is a real risk of a shift towards exclusively road transport.
Eni completes the sale of a 30% stake in the Baleine project in Ivory Coast to Vitol.
San Donato Milanese
The field was discovered in 2021 and production started in 2023
Sogedim opens a new branch in Modena
Mesero
Initially, the activity will be dedicated exclusively to UK export traffic and will then extend to other European markets.
The new PCTC Grande Svezia has joined the Grimaldi Group's fleet.
Naples
It has a maximum capacity of 9,000 ceu
The Cagliari City Council approves its opinion on the Sardinian Ports Development Plan.
Cagliari
Green light unanimously
The railway sector contributes 1.4% of the European Union's GDP.
Brussels
Study commissioned by CER
In the port of Naples, the Coast Guard has detained the bulk carrier Tanais Dream.
Naples
Serious irregularities found on board
Agreement to accelerate the implementation of robotics in Fincantieri's production processes
Trieste
It was signed with the Friulian Idea Prototipi
Sergio Liardo is the new general commander of the Port Authority Corps - Coast Guard
Rome
He takes over from Admiral Nicola Carlone
DBA to supply new Terminal Operating System for Georgia's Batumi Port
Villorba
The project includes all phases of development, testing and operational testing
Attack on a ship in the Gulf of Aden
Portsmouth
The captain reported hearing an impact in the water and an explosion
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Danilo Ricci has been appointed managing director of Tarros Line.
La Spezia
He has held various positions in Italy and abroad within the group
Permanent discussion table between Confindustria Nautica and Federagenti
Genoa
This is provided for in an agreement signed today in Genoa
In the first half of 2025, cruise traffic in Italian ports grew by +6%
Venice
The twelfth edition of Italian Cruise Day will be held in Catania on October 24th.
SAL Heavy Lift buys two semi-submersible vessels from Pan Ocean
Hamburg
They were built in 2008 and 2012
30% of Sangritana Cargo will be acquired by the Marche-based company Transadriatico
The Eagle
The sale will be completed in the next few days
The eighth edition of "A Sea of Switzerland" will be held in Lugano on October 6th.
Lugano
Forum on economic and logistical integration between Ligurian ports, the Northwest manufacturing area, and Switzerland
DEME orders new cable-laying vessel from Singapore-based PaxOcean
Beveren-Kruibeke-Zwijndrecht
It will be built in the Chinese shipyard of Zhoushan
Assoporti will meet at RemTech EXPO 2025 to discuss the green transition in Italian ports.
Ferrara
The Smart Ports Award was awarded to three Port System Authorities
The first shipment of Syrian oil in 14 years arrives at the port of Trieste.
London
Part of the cargo - S&P Global Commodity Insights reports - was unloaded at the Sardinian terminal of Sarroch
In August, freight traffic in the port of Taranto grew by +20.3%
Taranto
The ferry "Drea" was also rejected by the Apulian port, where however it is temporarily stopped
Container traffic at the Port of Los Angeles remained stable in August.
Los Angeles
Volumes expected to decline in the remainder of 2025
Meeting between the port authorities of Jacksonville and Livorno
Livorno
Among the objectives, to start one or more direct services between the two ports
Italian State Railways and ENAC sign an agreement for the use of drones in infrastructure monitoring.
Rome
They will also be used to fly over sections of the railway and road network that would otherwise be difficult to monitor.
A.SPE.DO, the port of La Spezia is essential to ensuring employment, development, and a future for the local economy.
La Spezia
Landolfi: We cannot afford to underestimate its value.
The MIT meets with the heads of the Italian AdSPs
Rome
Meeting on the government's strategic vision for the sector and port reform
Yang Ming orders Hanwha Ocean Co. to build seven 15,880 TEU container ships
Keelung
They will be delivered between 2028 and 2029
Over 40 expressions of interest have been received for the development of the Ukrainian port of Chornomorsk.
Kiev
Today the first meeting of the tender commission
The first commercial ship is expected at the public dock in Largo Trattaroli in Ravenna.
Ravenna
The car carrier "AICC Huanghu" is coming soon
Container traffic at the Port of Long Beach decreased by 1.3% last month.
Long Beach
Empty containers are increasing. Full containers are decreasing.
Assiterminal's Terminal Road Show is starting
Genoa
Cognolato: We want to strengthen our ties with local communities and territories.
Assoporti, the Italian ports' cruise offerings presented at the Seatrade Europe fair.
Hamburg
Giampieri: We are leaders in the Mediterranean area and in Europe
Commander Claudio Tomei, USCLAC president from 2012 to 2024, has passed away.
Viareggio
His strong commitment to improving the working conditions of Italian seafarers
In the first quarter of 2025, cargo traffic in Greek ports grew by +1.4%
Piraeus
Passengers down by -1.1%
HD Hyundai Samho Orders Four New Container Ships
Seoul
Order worth approximately 468 million dollars
Trieste: Fraudulent bankruptcy in the shipbuilding sector
Trieste
Investigation into a company based in Palermo
Container traffic in the port of Hong Kong fell by 7.4% in August.
Hong Kong
In the first eight months of 2025 the decline was -3.8%
BigLift Shipping and CY Shipping order two additional heavy lift vessels
Amsterdam
Order placed at Chinese shipyard Jing Jiang Nanyang Shipbuilding Co.
Container traffic at the port of Singapore continued to decline in August
Singapore
Total volume of goods increased by +1.1%
The Charthage ferry was placed under administrative detention in the port of Genoa
Genoa
A Coast Guard inspection found numerous deficiencies
Disney Cruise Line's largest ship's debut delayed by three months
Lake Buena Vista
Construction delays force the maiden voyage to be postponed until March 10th.
Shell to supply liquefied biomethane to Hapag-Lloyd containerships
Hamburg
Agreement effective immediately
Andrea Zoratti has been appointed general manager of Hub Telematica
Genoa
The company is controlled by Assagenti and Spediporto
Jotun and Messina sign agreement to improve the environmental and commercial performance of ships.
Genoa
The "Jolly Rosa" vessel will use the Hull Skating Solutions solution
PSA Genova Pra' announces the hiring of 25 people dedicated to container handling.
Genoa
Ferrari: International markets have changed profoundly
CMA CGM will not apply surcharges for new US taxes on Chinese vessels and Chinese services
Marseille
The rates announced by the USTR in April will apply from October 14th.
South Korean HJ Shipbuilding wins orders for four 8,850 TEU containerships
Busan
Orders with a total value of approximately 461 million dollars
Conference: "Waiting and Delays in Road Transport: Logistics in Check"
Genoa
Organized by Trasportounito, it will be held on September 26th in Genoa
GNV has inaugurated a new office in Barcelona
Barcelona
The company currently has 52 employees throughout Spain.
Port of Trieste: EU funding for two new projects
Trieste
Resources with a total value of 1.7 million euros
Filt Cgil, the Flotilla incident is serious. Dockworkers are ready to mobilize.
Rome
Union announces action if aid is not allowed to reach Gaza
Stena Line to buy Latvian port operator Terrabalt
Gothenburg
It handles rolling stock, bulk cargo, and general cargo traffic in the port of Liepaja.
In the first eight months of 2025, container traffic in the port of Gioia Tauro grew by +10.6%
Gioia Tauro
2,912,943 TEUs were handled
Meyer Turku begins construction of Royal Caribbean's fourth "Icon"-class cruise ship
Miami/Turku
It will be delivered in 2027
More than one in ten maritime shipments has shortages
Washington
This is what a report by the World Shipping Council has revealed, highlighting the safety risks
Last July, traffic in the port of Ravenna increased by +3.8%
Ravenna
In the first seven months of 2025, growth was +5.4%
In the first quarter of 2025, freight traffic in Belgian ports fell by -3.2%.
Brussels
Landings down 1.3% and embarkations down 5.4%
Product tanker High Fidelity rescues 38 migrants on a drifting dinghy
Rome
Intervention in the south of the island of Crete
GES and RINA sign agreement to develop a prototype of a new hydrogen battery
Rovereto/Genoa
PSA's second phase of container terminal at Mumbai Port inaugurated
Singapore
Annual traffic capacity will increase to 4.8 million TEUs
The conference "EU ETS - Perspectives and Opportunities for Decarbonization in the Maritime Sector" will be held in Palermo.
Rome
It will be held on September 18th and 19th
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
A seminar on the new law on interports will be held in Milan on October 2nd.
Milan
It is organized by the Chamber of Commerce of Padua
The eighth edition of "A Sea of Switzerland" will be held in Lugano on October 6th.
Lugano
››› Meetings File
PRESS REVIEW
Korean Firms Reassess U.S. Investments After Mass Immigration Raid
(The Korea Bizwire)
Russia's infrastructure development plan aims to build 17 marine terminals by 2036
(Interfax)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Fincantieri and PGZ sign an agreement to support the modernization of the Polish Navy
Trieste
The third LSS section for Chantiers de l'Atlantique was launched in Castellammare di Stabia.
In the US, funding for wind energy development projects in ports is being cut.
Washington
Resources worth $679 million will be reallocated for port infrastructure upgrades
From January 1st, Kombiverkehr will operate the PKV intermodal terminal in the port of Duisburg.
Frankfurt am Main
It has a traffic capacity of approximately 200 thousand intermodal units per year.
Wallenius Marine and ABB form Overseas joint venture
Stockholm
The aim is to accelerate the launch of the platform of the same name for improving fleet performance.
The Ministry of Infrastructure and Transport has asked the Region to agree on the appointment of Bagalà as president of the Sardinian Port Authority.
Rome
He is currently the extraordinary commissioner of the same body
DHL eCommerce has acquired a minority stake in Saudi Arabia's AJEX Logistics Services.
Bonn/Riyadh
The Middle Eastern company has two thousand employees
CMPort's port terminals handled record container traffic in the second quarter
Hong Kong
In the first six months of 2025 the total was 78.8 million TEUs (+4.3%)
Confitarma approves the decree on advanced training for tanker seafarers.
Rome
Applause to the General Command of the Port Authority Corps
Quarterly freight traffic in Moroccan ports increases
Tangier/Casablanca
In Tanger Med the growth was +17%
The board of directors of the Genoa-based Ente Bacini has been renewed.
Genoa
President Alessandro Arvigo and CEO Maurizio Anselmo
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