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Independent journal on economy and transport policy
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BRIEFS
March 8, 2016
Sched Netweb site
  • OOIL profit up 4.7pc, revenue down 8.7pc as boxes earn 10pc less
  • Premier Li targets China growth range of 6.5-7pc for 2016
  • Hapag-Lloyd focuses on special, out-of-gauge cargo on containerships
  • Indonesian logistics providers look to double-digit growth in 2016
  • US again hits China steel with 266pc duty after complaints of dumping
  • Cargo surges from mega ships to test US east and west coast ports in 2016
  • British UK freight firm DB Schenker Rail re-brands as DB Cargo UK
  • Caixin-Markit PMI slips from 52.4 in January to 51.2 in February
  • Intermodal rail freight makes 9.3pc gain between Hamburg and Austria in 2015
  • Indian Register of Shipping to open two more SE Asia offices within 2 years
  • United heralds return of CEO Oscar Munoz after heart transplant
  • US Commerce Department to place export restrictions on Shenzhen's ZTE
  • Air China to start thrice weekly Chongqing-Dubai flights April 2
  • Delta air cargo sales fall 12.6pc in February, 10.8pc year to date
  • Qatar Airways Cargo tonnage up 37.5pc to 1.52 million tonnes 2015
  • Hong Kong Airlines launches daily flights to fruit-growing Okayama, Japan

Exim Indiaweb site
MARCH 7, 2016
  • CMA CGM deploys its flagship fleet between Asia & US West Coast
  • TNL Logistics wins Allcargo Premier League inter-companies football tournament
  • Electronics goods imports increase 15 pc
  • 'Mission Resurge-Chennai Port' yielding results
  • APM Terminals Pipavav collaborates with Tata Trust CSPC for Kharash Vistarotthan Yojana project in Rajula
  • Base oil storage tank terminal to come up at Chennai Port
  • Liquid cargo handling at JN Port's shallow draught berth crosses 1 mt mark
  • Mumbai Port handles record automobile throughput
  • South Korean Consul visits Mumbai Port to confer on MIS-2016
  • AMTOI's March 9 seminar to discuss implications of service tax on cargo fraternity
  • Highway construction rose 61 pc during April-Dec. 2015
  • Major freight corridor contract awarded
  • Budget 2016-17 - Changes in Customs duties w.e.f. April 1, 2016
  • Gammon Infrastructure completes first tranche of stake sale in nine projects
  • Govt plans to spend INR 2.67 lakh cr. under Bharatmala project
  • Govt to impose anti-dumping duty on chemical from 6 countries
  • Growth in eight core sectors jumps to three-month high of 2.9 pc in Jan
  • Tax changes proposed in Union Budget 2016-17

International Transport Journalweb site
  • MOL to the rescue
  • Freight trains through the desert
  • Droog to chair new Tiaca group
  • More options from US railcar maker
  • And the winner is - ICTSI
  • Cargolux and Oman Air more often to India
  • Sievert sets up bigger shop in Netherlands
  • Standardisation - the name of the game
  • Building up network around Great Lakes
  • Handsome reimbursement for SAS
  • Ditlev Engel - DNV GL's new energy head
  • Driving round the clock
  • Multipurpose trailers join Dutch logistician's fleet
  • Support for Hamburg's maritime cluster
  • Singapore improves aircraft tracking
  • New office in Ankara
  • Braemar plumps for problem solver as MD

IHS Maritimeweb site
MARCH 7, 2016
  • CMA CGM profits dip 3% in 2015
    French container line operator CMA CGM saw consolidated net profits dip nearly 3% year on year to USD567 million in 2015 as the group was hit by the industry-wide slump in freight rates. CMA...
  • Belgium ratifies Ballast Water Convention
    Belgium today became the 49th country to ratify the Ballast Water Management Convention, bringing the treaty one step closer to entering into force in 2017. In order for the treaty to take effect, 30 states, representing 35% of world merchant shipping tonnage, must ratify it. With...
  • Brittany Ferries reports 'significantly positive' 2015
    Leading French ferry operator Brittany Ferries registered "significantly positive" results in its latest financial year after strong growth in freight and passenger revenues. Revenues rose by 12% to EUR476.7 million (USD524.4 million) in the financial year ended 31 October but the company...
  • DEME tests laser cladding to boost cutter teeth
    Belgian dredging major DEME has signed a three-year co-operation agreement with Flanders-based research and technology organisation VITO's spin-off laser cladding venture (LCV) to explore laser cladding technology to strengthen cutterhead teeth used by heavy-duty cutter suction dredgers (CSDs). The deal follows a successful pilot project...
  • What maritime Millennials need to know
    Human resource managers have long been worried about how to keep their best people. Engineering businesses seem to have no idea how to attract school leavers to their discipline. Shipping companies are fed up when they watch talented high-achievers walk away for just a few dollars more. Understanding why the...
  • Boskalis to take over VolkerWessels offshore and marine businesses
    Dutch dredging and marine services group Boskalis has signed a letter of intent to acquire the offshore and marine energy activities of Dutch construction group VolkerWessels. The transaction, which Boskalis hopes to be complete during the second quarter, involves the takeover of three VolkerWessels companies. Boskalis...
  • Epic Gas seals time-charter with Shell
    Singapore-based pressurised gas carrier owner Epic Gas has secured a time-charter with Royal Dutch Shell for a newly built vessel. Market sources told IHS Fairplay that the 7,500m3 Epic Borinquen, which was delivered to Epic Gas on 29 February from Sasaki Shipbuilding in Japan, is due to commence...
  • Shipbuilder DSME suffers USD4.2 billion loss
    South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering has posted a record loss of KRW5.1 trillion (USD4.2 billion) for 2015, reversing a KRW33 billion profit for 2014. The massive loss was widely expected after the shipbuilder admitted in July 2015 to concealing KRW3 trillion in losses from offshore plants and is restructuring...
  • China Navigation fined USD129,500 for air pollution breach in Californian waters
    Singapore-based ship manager, China Navigation was fined USD129,500 after failing to comply with California Air Resources Board (CARB) in switching to low sulphur fuel bunker when entering coastal waters. According to CARB, Chenan, a...
  • Adani Bunkering eyes Singapore bunker market
    Fresh from exiting a joint venture, the renamed Adani Bunkering has set its sights on Singapore, the world's biggest bunkering port by sales volumes. Formerly known as Chemoil-Adani, the company was set up in 2008 as a...
  • Colombo Dockyard renegotiates newbuilding orders
    Sri Lanka's Colombo Dockyard says it is renegotiating newbuilding orders with customers hit by the sharp drop in oil prices. The yard's orderbook consists of several multipurpose platform supply vessels (MPSVs) and anchor-handling tug supply (AHTS) vessels. The yard, which books profits on vessel delivery, said in...
  • Hyundai survival may depend on Hanjin merger, analyst says
    Hyundai Merchant Marine and Hanjin Shipping would stand a better chance of surviving their crushing debts if the carriers were merged, something that maritime consultancy Drewry believes is now a distinct possibility.The London-based analyst said in its Container...
  • Melbourne port privatisation set to go ahead
    The privatisation of Australia's biggest container terminal, the Port of Melbourne, is finally expected to go ahead in the coming days following news that a political impasse blocking the long-term lease has been broken. An announcement is expected to be made in the Victorian state parliament on...
  • Rising consumption and exports to drive Djibouti throughput growth
    Djibouti Ports & Free Zones Authority (DPFZA) expects throughput at Doraleh Container Terminal (DCT) to expand by 3% in 2016 to just over 861,000 teus, driven primarily by expanding domestic consumption in Ethiopia and Djibouti. The government body that oversees the development and promotion of port operations and...
  • Solid 2015 result shows G6 alliance works for OOCL, says CFO Tung
    Hong Kong-listed OOCL is committed to remaining with the G6 Alliance, said chief financial officer Alan Tung, but "everyone is talking to everyone" as two huge M&A deals threaten to redraw the alliance structures by the end of the year. "Are industry leaders talking to each other? Of course...

The Loadstarweb site
MARCH 7, 2016
  • Middle-class consumers will keep tradelanes moving as the globalisation trend weakens
  • US agrees to remove air cargo veteran Jaideep Mirchandani from list of restricted exporters
  • Disastrous fourth-quarter for container shipping has 'dramatic' effect on OOCL financial results
  • EU court upholds €169m antitrust fines for multinational forwarders
  • TIACA's new forum to hear the 'missing' voice of the shipper
  • UPS pilots challenge cargo exclusion from rest rule in court

Marine Logweb site
MARCH 7, 2016
  • VIDEO: LPD 26 completes builder's trials
  • Lloyd Werft adds to its leadership team
  • Siemens solution for Finnish battery powered ferry
  • Cyprus Maritime Academy gets access to BSM training center
  • CARB fine follows failure to switch fuels
  • MTU to power largest yacht yet built in Turkey
  • Senators introduce icebreaker bill
  • Wartsila: "deviations" in some fuel tests

World Wide Shipperweb site
MARCH 7, 2016
  • International Trade Administration reports drop in goods/services numbers
  • Alaska Air Cargo changing freight shipment pricing scheme
  • Coast Guard honors pair with Person of the Year awards
  • Cargill taps Jan Dieleman as Ocean Transportation boss
  • CBP releases 2015 totals for U.S. imports, exports

Lloyd's Listweb site
MARCH 7, 2016
  • VLCC spot rate soars $10,000 in one trading day
    This is the kind of volatility owners are looking for this year, hoping for spikes to bolster bottom lines
  • Mixed fortunes for east-west box volumes in January
    Transpacific traffic on the up as Asia-Europe volumes continue to disappoint
  • Strong volumes underpin CMA CGM results as freight rates slide
  • Belgium nudges Ballast Water Management Convention closer to ratification
    Fourth nation signs up to Hong Kong Convention
  • MCA promotes Katy Ware to safety director
    Senior civil servant retains IMO role
  • The final countdown
    Container weighing is coming, like it or not, and the US needs to get on board. Now
  • Wärtsilä in reputation battle following revelation of falsified fuel data
    Finnish engine maker says it is acting swiftly following news that staff falsified fuel consumption results ahead of engine deliveries to shipowners
  • Clarksons turns a profit but remains concerned about challenges
    Offshore and dry bulk continue to exert downward pressure, while tankers are buoyant
  • Ueda steps down at ClassNK
    Chairman's eight-year reign comes to an end in class society's management shuffle
  • North Korean ship held in Philippines as China bans port calls
    Further restrictions from Seoul expected tomorrow, as UN sanctions bite
  • Product tankers to deliver gasoline cargoes to Iran
    Early movers take advantage of risk premiums
  • ICBC Leasing to order 10 new valemaxes
    Newbuildings will be backed by a 25-year contract of affreightment with Vale
  • Malaysia's Petronas vies for world's first FLNG vessel deployment
    Petronas in stiff competition with a handful of other projects and is ahead by just a few quarters
  • Gard will not seek out P&I merger, Roppestad confirms
    But world's biggest club will consider approaches on merit, says chief executive
  • Qatargas makes first Q-Flex delivery to Pakistan under new deal
    Nakilat's 106,898 dwt Al Gattara carries cargo from Ras Laffan to Pakistan's Port Qasim
  • Peel Ports picks Richard Goffin as Great Yarmouth port director
    Appointment marks the start of an exciting period of growth at Great Yarmouth, says Peel Ports chief Mark Whitworth
  • Port of Tilbury to see major expansion project
    Operator Forth Ports looking to invest $142m to develop infrastructure and facilities
  • Port of Rotterdam inks international commodity pact with European authorities
    Move to help overcome barriers to residual and raw materials trade in Europe
  • APL pioneers premium-priced product on transpacific box trades
    Forthcoming annual contract negotiations will show if shippers are prepared to pay extra for an expedited service
  • Statoil to terminate rig contract with China Oilfield Services unit
    Oil major suspends one contract and terminates another, but says decision will not have impact on long term production at Troll field
  • Oakland fights back after Outer Harbor shock
    Executive director Chris Lytle hopes arrival of ULCs on Pacific could be opportunity to attract cargo from southern Californian ports
  • Industry divided as European Ports Directive gets third vote in parliament
    UK ports call for private port exemption from proposed EU rules
  • The big conversation
    Shipping's top diplomat insists that political consensus in shipping is only a conversation away. He may well be right
  • The last breath
    Deaths in enclosed spaces take a remorseless toll of human life in the shipping industry, so why isn't more being done to stop them?

The Journal of Commerceweb site
MARCH 7, 2016
  • Drayage firms bear brunt of supply chain cost increases
  • US Coast Guard, World Shipping Council work to clear up SOLAS confusion
  • Santos volume up, but labor strife looms as jobs are cut
  • Reefer shippers value quality service and equipment
  • CMA CGM posts higher volume, lower profit for 2015
  • Mega-ships come under fire for hiking supply chain costs
  • Major India ports post modest container growth
  • Djibouti's Doraleh Container Terminal benefits from domestic consumption
  • Alliance shakeup will produce year-long disruption, Maersk says
  • HMM, Hanjin have better odds surviving together, Drewry says
  • OOCL committed to G6 as liners discuss new alliances

TradeWindsweb site
MARCH 7, 2016
  • Oceanex sues over rival's Ottawa support
    Canadian shipowner files federal legal action against compatriot outfit's subsidies.
  • Eagle in fast lane as shipping rally rolls on
    Bulker owner's shares more than double on another day of skyrocketing shipping stocks.
  • Paragon boosts offering in bond effort
    Price of troubled bulker owner's Nasdaq-listed notes surge 24% after investors offered more to hand over senior notes.
  • Korea's mid-sized yards struggling
    Outside the big three, orderbooks are down to less than a year in deathly quiet market.
  • Vafias family buys bargain capesize
    Greek shipowner's deal said to be the lowest paid for such a ship since the early 1990s.
  • Ueda steps down at Class NK
    Japanese classification society replacing president with deputy Fujiwara.
  • Philippines yards cry out for tax breaks
    Politician Jesulito Manalo said domestic shipbuilders need incentives just like overseas rivals.
  • Judge refuses pre-trial win against Norfield
    Scandinavian Bunkering's claims against Vestland affiliate in Texas litigation not strong enough for judgment now.
  • SeaBird adds purchase option to contract
    Seismic vessel owner extends the leasing period for one of its vessels and includes acquisition clause.
  • Eagle Bulk wins two more days for talks
    Bulker owner continues to extend forbearance agreement with lenders.
  • DNB takes brighter view on Golden Ocean
    Norwegian finance house upgrades owner as China's new five-year plan shows new initiative.
  • Clive Palmer sells ultramax fleet
    Australian politician and mining tycoon's parliamentary register reveals disposal of four shipping companies owning ultramaxes.
  • Two crew die in tanker blast
    Indian nationals killed in boiler explosion on Panama-flagged ship off Oman.
  • MMS Maritime boosts tanker crew numbers
    Indian shipmanager sees 25% increase in seafarer roster in 2015; 90 crew still needed.
  • Thenamaris sells first tanker in five years
    Greek owner said to have offloaded a products tanker marketed for several months.
  • Five dead in Rafelia 2 sinking; master missing
    Indonesia halts search for missing captain after ferry capsized on Friday.
  • Boskalis bolsters offshore wind presence
    Dutch company acquires 100% of its compatriot joint venture partner VolkerWessels.
  • Irish Continental proposes bigger dividend
    Ro-pax and containership owner maintains optimistic outlook for 2016 after strong operational result last year.
  • Is 2016 set to be top of the demo charts?
    Clarksons' figures suggest new record could be in store for bulker scrapping.
  • Shipbuilder DSME books $4.3bn loss
    Korean yard looks to gas after offshore slump stains 2015 balance sheet.
  • Wartsila finds fuel test "deviations"
    Finnish ship power group blames rogue workers in Italy for influencing engine results.
  • Wisdom makes move into LPG shipping
    Taiwanese bulker owner diversifies into gas with vessel order at Murakami Hide in Japan.
  • Clarksons pushes up 2015 profit
    UK shipbroker also sees revenue rise as it finds ways to increase market share in the shipping slump.
  • Wisdom Marine makes move into LPG shipping
    Taiwanese bulker owner diversifies into gas with vessel order at Murakami Hide in Japan.
  • Aussie navy stops arms shipment reaching Somalia
    Close to 2,000 AK-47s destined for former piracy hot spot recovered from fishing boat off coast of Oman.
  • OOIL profit edges up, but it remains uncertain over 2016
    Year started well for Hong Kong owner, but supply and demand imbalance eventually took its toll.
  • Statoil opts to chop two more COSL rig charters
    Norwegian energy giant has cut short three contracts with Chinese operator in nine months.
  • Injured master airlifted from Almi tanker
    US Coast Guard called to the rescue after leg injury.

American Shipperweb site
MARCH 7, 2016
  • NEWS FLASH: CMA CGM earnings, revenues drop despite increased volumes
  • OOIL boosts profits in 2015 despite declining revenues
  • OHT closure causes congestion to grow in Oakland

The Bunker Bulletinweb site
MARCH 7, 2016
  • European ferry operator DFDS' fuel use at all-time low in 2015
    Company also installed scrubbers on another six vessels
  • Wartsila audit reveals 'deviations' in fuel consumption tests
    Says 'a limited number of personnel' at Italian test center were responsible.
  • GAINN Project to support development of LNG bunkers in EU
    Partners from six EU countries participating in bid to identify both supply and ship solutions.
  • Singapore 380 CST HSFO cash differential flips to premium on tight April supply
    Supply from the West to East, including China and North Asia, is expected at around 2 million-4.3 million mt in April.
  • TANKERS: Worldscale rates rise at Vietnamese offshore terminals
    Higher rates due to introduction of navigation dues at terminals.

›››File
FROM THE HOME PAGE
LOGISTICS
BYD and Automar reach agreement for vehicle traffic through the port of Gioia Tauro.
Schiedam
The goal is to serve the central-southern Italian market.
Maersk Group announces 15% ground-based job cuts
SHIPPING
Maersk Group announces 15% ground-based job cuts
Copenhagen
The quarterly and annual financial results are impacted by the reduction in the value of maritime freight rates.
PORTS
In 2025, container traffic in the ports of Genoa and Savona-Vado Ligure reached a historic record of almost three million TEUs
Genoa
Cruise passengers increased by 6.1%; ferry passengers decreased by 4.0%.
PORTS
Busan Port has again set its all-time record for annual container throughput.
Busan
Last year the total was 24.88 million TEUs (+2.0%)
PORTS
Panama Ports Company has initiated arbitration proceedings against the Republic of Panama
Panama
Extensive damage reported and state authorities' reluctance to respond to repeated requests for confrontation
PORTS
In 2025, freight traffic in Sardinia's ports grew by +3.0%
Cagliari
Slight decline in cruise passengers contained by the launch of home ports in Cagliari and Olbia
PORTS
Freight traffic in the port of Barcelona to remain stable in 2025
Barcelona
In the fourth quarter alone, 16.7 million tonnes were handled (+4.5%)
SHIPPING
Maersk and Hapag-Lloyd bring back India/Middle East-Mediterranean service via Suez
In 2025, ships transiting the Panama Canal increased by +14.1%
SHIPPING
In 2025, ships transiting the Panama Canal increased by +14.1%
Panama
The ports of the Central American nation handled 9,915,357 containers (+3.6%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
PORTS
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Anjra
New all-time high in total goods
PORTS
In 2025, Turkish ports handled a record traffic of 553.3 million tonnes of cargo (+4.0%)
Ankara
Container traffic in Italy reached a new all-time high of 678,715 TEUs (+9.8%). Ship traffic through the Bosphorus Strait declined.
PORTS
APM Terminals will take over the interim management of the Panamanian ports of Cristóbal and Balboa.
Panama
President Mulino urged Panama Ports Company to cooperate fully in view of this new phase
New crop of historic records harvested by Chinese ports
PORTS
New crop of historic records harvested by Chinese ports
Beijing
In 2025, maritime ports handled 11.63 billion tons of goods (+3.7%)
PORTS
PPC denounces the contradictory nature of the ruling by the Supreme Court of Justice of Panama with respect to the current legal framework
Balboa
The company does not exclude the possibility of resorting to national and international legal action
INDUSTRY
Lukoil signs agreement with US-based Carlyle to sell the Russian group's international assets
Fly
The transaction will need to be authorized by the U.S. Office of Foreign Assets Control.
PORTS
Panama's Supreme Court of Justice declares the law on the concession contract with the Panama Ports Company unconstitutional.
Panama
Last year, PPC port terminals handled 3.9 million containers
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
CRUISES
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Miami
New orders for ten new river vessels are planned. A record financial year.
PORTS
CMA CGM establishes a joint venture with Stonepeak to which it will contribute ten container terminals
New York/Los Angeles
The American company will own 75% and 25% of the shares, respectively. It will invest 2.4 billion dollars.
RAILWAY TRANSPORT
German rail freight companies reject 37% increase in train path prices
Berlin
Die Güterbahnen urges the Minister of Transport to present the promised reform of the fare system
RAILWAY TRANSPORT
FS Logistix increases weekly rotations on the Duisburg-Milan railway line from six to ten
Milan
Two daily connections are made in each direction
PORTS
In the fourth quarter of 2025, freight traffic in the port of Antwerp-Zeebrugge decreased by -4.9%.
Antwerp
For the whole year the decline was -4.1%
CRUISES
Valletta Cruise Port records record annual cruise traffic
London
In 2025, there were 963 thousand passengers (+2.3%)
SHIPPING
Evergreen invests up to nearly $1.5 billion in the construction of 23 container ships
Taipei
Seven 5,900 TEU vessels have been ordered from Jiangsu New Yangzi Shipbuilding and 16 3,100 TEU vessels from CSSC Huangpu Wenchong Shipbuilding.
PORTS
In 2025, Spanish ports handled a record container traffic of almost 19 million TEUs
Madrid
New historic highs also for conventional goods and passengers
First container transhipment operation in an Algerian port
PORTS
First container transhipment operation in an Algerian port
Algiers
It happened on Sunday at the port of Djen Djen
TRUCKING
Truckers from Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia block borders
Belgrade
Week-long protest against the EU's new entry/exit system
NEWS
Resumption of attacks against ships in the Red Sea region threatened
Tehran
They would be implemented in response to an escalation of US and allied military actions in the region.
New annual record for maritime traffic in the Straits of Malacca and Singapore
SHIPPING
New annual record for maritime traffic in the Straits of Malacca and Singapore
Port Klang
Last year, for the first time, over 100,000 ships passed through
SEAFARERS
New record of sailors abandoned by shipowners
London
In 2025, 6,223 crew members from 410 ships were abandoned
PORTS
Two FMC commissioners call on the US government to take action against Canadian and Mexican ports
Washington
Enforcement of provision aimed at preventing freight carriers from evading the Harbor Maintenance Fee urged
PORTS
Annual container traffic handled by the port of Algeciras remains stable.
Algeciras
A 6.2% decrease in the weight of goods in containers was recorded
RAILWAY TRANSPORT
The EU Commission authorizes Italy to provide financial support for rail operations in ports.
Rome
Incentives for a maximum total of 30 million euros over five years
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
SHIPPING
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Ismailia
The need to reduce insurance premiums for vessels transiting the Red Sea region was also highlighted.
PORTS
€3.1 million in unpaid regional maritime property fees recovered in Campanian ports
Naples
422 default notices to non-compliant dealers
PORTS
In November 2025, freight traffic in the ports of Genoa and Savona-Vado dropped by -5.5%.
Genoa
The two airports recorded percentage variations of -7.5% and +0.6% respectively
SHIPPING
EU ETS: Interferry calls for a halt to the 100% charge for ferry emissions in 2026.
Victoria
The vast majority of the revenues from the maritime ETS - the association denounces - are diverted to the national budgets of the Member States.
SHIPPING
The new configuration of the Ocean Alliance service network confirms seven calls at Italian ports
Hong Kong/Taipei
Two at the port of Genoa, two at that of La Spezia and one stop each at the ports of Vado Ligure, Trieste and Salerno
Last year, freight traffic in the port of Marseille-Fos increased by +5%
PORTS
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Marseille
Cruise passengers grow by +7%
SHIPYARDS
AD Ports has acquired the Spanish shipyard Astilleros Balenciaga.
Abu Dhabi
Transaction worth 11.2 million euros
SHIPPING
CMA CGM reports three services on the route around the Cape of Good Hope
Marseille
The international scenario - explains the French company - is complex and uncertain
PORTS
COSCO Shipping Ports' terminals handled record container traffic last year
Hong Kong
Growth of +6.2% over 2024
PORTS
In the fourth quarter of 2025, freight traffic in the port of Venice grew by +13.5%
Venice
An increase of +4.9% was recorded for the whole year
LOGISTICS
Buffer areas to decongest the North West logistics system
Genoa
The proposal is from Connect. Let's remember, Palenzona warns, that the Italian system depends on road haulage.
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
PORTS
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
St. Petersburg
In the fourth quarter alone, traffic was 231.1 million tonnes (+6%)
PORTS
The port of Civitavecchia has set a new annual cruise traffic record
Civitavecchia
A 5.4% increase in transit passengers. Disembarking and embarking passengers remained stable.
NEWS
A ship coming from Russia was seized in the port of Brindisi
Toasts
Alleged violation of sanctions against the Russian Federation
RAILWAY TRANSPORT
FS Logistix takes over railway operations in Area 6A of the Port of Antwerp.
Antwerp
New generation hybrid locomotives will be used
SHIPPING
Greek Shipowners' Association urges EU to take measures to protect ships and crews
Piraeus
CRUISES
Call for expressions of interest for the refurbishment and management of the cruise terminal at the Port of Gibraltar
Gibraltar
Applicants must be willing to fully finance the work
In 2025, acts of piracy against ships increased by +18%
PIRACY
In 2025, acts of piracy against ships increased by +18%
Kuala Lumpur
A 43% decrease in accidents was recorded in the last quarter
FREIGHT TERMINALS
InRail to manage the Interporto Pordenone intermodal terminal for a year
Pordenone
Temporary solution in view of the establishment of a public-private company
SHIPYARDS
Turkey's Kuzey Star Shipyard to Build Shipyard in Syria's Tartous Port
Damascus
An investment of at least $190 million over five years is expected
PORTS
In 2025, cargo traffic in Ukrainian ports decreased by -15%
Kiev
Container traffic grows by 66%
PORTS
Container traffic in the port of Hong Kong decreased by 5.7% last year.
Hong Kong
In the fourth quarter alone the decline was -8.0%
PORTS
In 2025, PSA's port terminals handled record container traffic
Singapore
New peaks in volumes handled in Singapore and the group's overseas terminals
PORTS
Chinese CMPort's port terminals handled record container traffic last year
Hong Kong
The total was 151.5 million TEUs, an increase of +4.0% over 2024.
SHIPPING
COSCO orders 12 new 18,000-TEU and six 3,000-TEU containerships
Hong Kong
Jiangnan Shipyard, China Shipbuilding Trading, and COSCO Shipping Heavy Industry win $2.7 billion in orders.
PORTS
The port of Trieste closed 2025 with a 0.7% growth in freight traffic thanks to the increase in crude oil prices.
Trieste
The port of Gioia Tauro has once again set its container traffic record
PORTS
The port of Gioia Tauro has once again set its container traffic record
Gioia Tauro
In 2025, the previous peak recorded the previous year will increase by +14%.
Port of Singapore sets new all-time container throughput record
PORTS
Port of Singapore sets new all-time container throughput record
Singapore
The port confirms its position as the world's second largest container port
PORTS
The volume of cargo traffic in the port of Koper will remain unchanged in 2025.
Koper
Increase in containers and rolling stock. Decline in other types of cargo.
SHIPPING
Taiwan's Evergreen, Yang Ming and WHL close 2025 with double-digit revenue declines
Taipei/Keelung
PIRACY
In 2025, piracy attacks against ships in Asia increased by +23%
Singapore
The severity of accidents has decreased
PORTS
The Democratic Party accuses the government of blocking investments in ports and placing the Port System Authorities under special administration.
Rome/Genoa
COMPANIES
Nova Marine Carriers, Bolten and Ership have acquired full control of VCK Port Logistics.
Lugano
Amsterdam has developed its only covered terminal capable of operating in all weather conditions.
SHIPPING
In the fourth quarter of 2025, revenues generated by OOCL's containership fleet decreased by -17.2%.
Hong Kong
Transported volumes increased by +0.8%
TKMS submits non-binding offer to buy German Naval Yards
SHIPYARDS
TKMS submits non-binding offer to buy German Naval Yards
Kiel
The Kiel-based company builds naval vessels and luxury yachts
NEWS
Over two tons of cocaine seized in the port of Genoa
Genoa
Once placed on the market, the drug would have earned criminal organizations around 1.5 billion euros.
COMPANIES
Seatrade acquires strategic stake in JR Shipping
Harlingen
The Dutch company will continue to operate as an independent and autonomous organisation
In 2025, Ningbo-Zhoushan confirmed its position as the world's leading port in terms of total cargo traffic.
PORTS
In 2025, Ningbo-Zhoushan confirmed its position as the world's leading port in terms of total cargo traffic.
Ningbo
Over 1.4 billion tons of cargo were moved. Approximately 43 million containers were transported.
PORTS
In 2025 the port of Ravenna recorded its new historical record for annual freight traffic
Ravenna
Never-before-seen volume of cargo handled in the fourth quarter alone
PORTS
The Sardinian Port Authority relies on the Financial Times' AI-based consultancy to understand which strategies, projects, and infrastructures to implement.
Cagliari
Direct award of an estimated value of 140,000 euros
PORTS
The disposal of sediment from dredging in the port of La Spezia at the new breakwater in Genoa has been approved.
La Spezia
Approval has been granted for the transfer of 282,000 cubic meters to be carried out during 2026.
SHIPPING
In November, ship traffic in the Suez Canal increased by +16.0%
Cairo
In the first eleven months of 2025, 11,620 ships passed through (-4.8%)
PORTS
ABB to build shore power systems at three container terminals in the Port of Rotterdam
Rotterdam/Zurich
They will be able to recharge up to 32 container ships simultaneously
Cargo traffic in Chinese seaports grew by 5.8% last month.
PORTS
Cargo traffic in Chinese seaports grew by 5.8% last month.
Beijing
Foreign cargoes increased by 8.2%. Containers increased by 8.9%.
TRUCKING
Freewheeling, the increase in highway tolls certifies the failure of the government and Minister Salvini's road haulage policies.
Modena
Franchini: First excise duties, now tolls; a double blow that directly affects small businesses.
TRUCKING
Trasportounito attributes responsibility for the increases in motorway tolls to the Constitutional Court and the ART
Genoa/Rome
Casu and Simiani (PD): But is it the judges' fault if Salvini can't be a minister?
COMPANIES
Xtera Topco will be acquired by a joint venture owned by Prysmian (80%) and Fincantieri (20%)
Milan/Trieste
The transaction involves an enterprise value of $65 million
NEWS
China launches drill to test cutting Taiwan's maritime links
Beijing
Maneuvers near the main port areas
PROGRESS AND TECHNOLOGY
Fincantieri and Wsense reach agreement to offer cutting-edge underwater systems
Trieste
Co-development of advanced wireless technology solutions planned
ENVIRONMENT
Study finds high levels of persistent organic pollutants caused by shipbreaking activities
Brussels
PORTS
Port of Livorno: tender for ship-generated waste management begins
Livorno
The expected value of the contract is over 40 million euros
LOGISTICS
DSV revenue and profits impacted by Schenker acquisition
Copenhagen
In 2025, turnover grew by +48.0%
INDUSTRY
Wärtsilä reports significant growth in quarterly and annual results for the Marine segment
Helsinki
The Finnish group's new orders acquired in 2025 remain stable.
COMPANIES
Dutch company Portwise has been bought by its compatriot Haskoning
Rijswijk
The company offers solutions for optimizing terminal operations through automation and electrification
SHIPPING
Construction of the first of six container ships for Italia Marittima has begun in China.
Trieste
The ships, which will be able to use traditional fuel and methanol, will have a capacity of 2,400 TEUs
ACCIDENTS
In the Strait of Hormuz, armed vessels ordered a US tanker to stop
Southampton/London
INTERMODAL TRANSPORT
GTS announces new rail services between the port of Genoa and central and southern Italy.
Bari
Connections via the Segrate Milan terminal
SHIPPING
The number of dual-fuel vessels employed by liner shipping lines is set to double by 2025
Washington
Currently, 74% of the order book consists of units of this type
AVIATION
Kuehne+Nagel expands CargoCity South at Frankfurt Airport
Schindellegi
A new facility will be completed and taken over at the end of 2028
PORTS
AD Ports signs agreement to build and operate multipurpose terminal at Matadi Port
Abu Dhabi/Kinshasa
Relaunch of the Banana Deepwater Port Construction Project
SEAFARERS
Confitarma: The Revenue Agency's position risks having serious repercussions on Italian seafarers' employment.
Rome
ASSOCIATIONS
Bucchioni appointed pro tempore president of the Association of Freight Forwarders of the Port of La Spezia
La Spezia
PORTS
The tender for the development of the shipbuilding hub in the port of Ancona has begun.
Ancona
The AdSP Management Committee has approved the call for tenders
SHIPPING
ONE's quarterly financial performance declines further
Singapore
The volume of containerized cargo transported by the fleet remains stable
INSTITUTIONS
Laura DiBella's nomination for FMC presidency has been signed.
Washington
His term will expire on June 30, 2028.
PORTS
Port of Singapore saw record bunker deliveries in 2025
Singapore
PSA-MOL joint venture to manage a new ro-ro terminal
PORTS
The port of Taranto was visited by a delegation from the Japanese FLOWRA
Taranto
The association brings together 21 of the main Japanese energy players
INDUSTRY
ABB's new orders in a quarter exceed $10 billion for the first time.
Zurich
Growing demand in the maritime, port and railway sectors
LAW
In the United States, MSC was fined a total of $22.67 million
Washington
The Federal Maritime Commission has released the results of an investigation
COMPANIES
CSC Vespucci and Livorno Reefer will form a single platform dedicated to fruit and vegetable and exotic products in the port of Livorno
COMPANIES
Signal Ocean has acquired AXSMarine
Paris/London
The company offers web platforms to support the ship charter sector
SHIPPING
Stena RoRo has placed an order for two ro-ro vessels in China with options for four more.
Gothenburg
They were designed in cooperation with the Italian Naos
SHIPPING
Shanghai Zhonggu Logistics Co. to Order Four New 6,000-TEU Containerships
Shanghai
The order will include options for two additional vessels
UPS revenues decreased by 2.6% in 2025
In the last quarter alone, a decrease of -3.2% was recorded
SHIPPING
ICS has published its periodic analysis of flag state performance
London
COMPANIES
Michail Stahlhut will step down as CEO of Hupac in May
Noise
Bertschi: Under his leadership, the company's position as a leading provider of combined road/rail transport in Europe has been strengthened.
PORTS
Members of the Ravenna Marine Resource Partnership Body have been appointed.
Ravenna
It will meet for the first time on February 4th and will remain in office for four years
SHIPPING
Messina (Assarmatori): MIT's decree on cold ironing is a good thing.
Rome
This is a fundamental step - he underlined - to ensure that the electrification of the platforms is actually usable.
PROGRESS AND TECHNOLOGY
Contship has joined the Digital Container Shipping Association's DCSA+ program.
Melzo
Among the goals, improving the efficiency of terminal operations, the accuracy of planning and collaboration with shipping companies.
PORTS
The Argentine Port Workers' Federation threatens a strike at national ports.
The Silver
Action in support of workers at the port of Concepción del Uruguay
PORTS
In 2025, freight traffic in the port of Taranto grew by +0.8%
Taranto
In the last quarter alone, a decrease of -22.6% was recorded
PORTS
Last year, container traffic in the port of Valencia grew by +3.4%
Valencia
5,662,661 TEUs were handled
DEFENCE
Fincantieri wins Italian Navy contract to enhance naval vessels' cyber resilience
INDUSTRY
New facility in Charleston for the production and testing of marine power and propulsion systems
Arlington
It was inaugurated by Leonardo DRS, a subsidiary of the Italian Leonardo
SAFETY & SECURITY
Project to strengthen maritime and port cybersecurity
Brest/Brussels/Rome
The partners are France Cyber Maritime, FEPORT and the Federation of the Sea
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
PORTS
Container traffic at the Port of Los Angeles fell by 10.6% in the last quarter of 2025.
Los Angeles
A decrease of -0.6% was recorded for the whole year
INDUSTRY
In the first six months of operation InnoWay Trieste produced 170 railway wagons
Trieste
The construction of 600 units is planned in Bagnoli della Rosandra in 2026
YACHTING
Ferretti rejects KKCG Maritime's partial and conditional voluntary takeover bid.
Milan
Strong confidence in the company's long-term strategy reaffirmed
PORTS
Haropa Port sets new container traffic record
Le Havre
Last year, overall freight traffic increased by +2%
MOURNING
Decio Lucano, the dean of shipping journalists, has passed away.
Genoa
His paper adventures are countless, including "Vita e Mare" and "TMM", but also digital with "DL News"
PORTS
Marsa Maroc orders 106 electric terminal tractors from Terberg
Benschop
They will be employed in the port of Nador West Med
INTERMODAL TRANSPORT
Contargo acquires 50% of Cargo-Center-Graz Logistik
Mannheim
The German company extends its intermodal network to the Adriatic ports of Koper and Rijeka.
COMPANIES
A single binding offer from Dubai for the purchase of the Venice Ro-Port Mos
Venice
The company manages the terminal for the motorways of the sea and cruises in Fusina
PORTS
The Port of Long Beach handled record container traffic in 2025
Long Beach
In the last quarter, a decrease of -8.8% was recorded
SHIPPING
HMM to introduce AI-based autonomous navigation solutions on 40 vessels
Seoul
Contract with Avikus and agreement with KSOE
FREIGHT TERMINALS
Two new rail connections to Germany from the Padua Interport
Padua
They are operated by InRail and LTE Italia
SHIPPING
Intersea has become the general agent in Italy for the Portuguese GS Lines
Genoa
The shipping company is part of Grupo Sousa
PORTS
MSC and Qatari company Maha to develop and manage the Libyan port of Misurata
Paris/Misurata
An investment of 1.5 billion dollars is expected
MARINAS
F2i has been awarded the concession for the Lavagna tourist port
Milan
The concession contract will have a duration of 50 years
OFFSHORE
Eni launches the hull of the Coral North FLNG
Geoje/San Donato Milanese
It will be used offshore Cabo Delgado, north of Mozambique.
LOGISTICS
Laghezza has acquired a logistics warehouse in Sarzana
La Spezia
The aim is to establish a local hub for local production activities.
PORTS
The Red Sea Container Terminal at the Egyptian port of Sokhna has been inaugurated.
Sokhna
It is operated by a joint venture of Hutchison Ports, COSCO and CMA Terminals
SHIPPING
The GNV Altair ferry has joined the GNV fleet
Genoa
It has a capacity of 2,700 passengers and 915 linear metres of rolling stock.
SHIPPING
Maersk confirms resumption of MECL transits through the Suez Canal
Copenhagen
The line connects India and the Middle East with the US East Coast
COMPANIES
Ignazio Messina & C. has acquired full control of Thermocar
Genoa
The Genoese company operates in the temperature-controlled refrigerated container logistics sector.
SHIPPING
Genco's board of directors rejected Diana Shipping's acquisition proposal.
New York/Athens
The American company, however, leaves a glimmer of hope by admitting the validity of the merger
SHIPPING
MSC will include the port of Trieste in the Dragon Italy-USA service
Geneva
The Julian port will be reached starting from the second half of February
INDUSTRY
De Wave Group has acquired French company DL Services.
Genoa
The company specializes in the design of industrial kitchens and the supply of technical components and spare parts on board
SHIPPING
CMA CGM's TUX transatlantic service will call at the port of Salerno
Marseille
The line connects Turkey with the East Coast of the USA
INTERMODAL TRANSPORT
New intermodal connections between Northern Italy and Belgium by GTS Rail and CargoBeamer
Bari/Leipzig
Activated on the Padua-Zeebrugge and Liège-Domodossola lines
PORTS
Cruise traffic in the port of Piraeus increased by +9% last year
Piraeus
Approximately 1.85 million passengers moved
PORTS
In 2025, cruise traffic in the port of Genoa grew by +6.5%
Genoa
Ferry passengers down 3.6%
SHIPPING
Grimaldi took delivery of the PCTC Grande Manila
Naples
The vessel has a total capacity of 9,241 CEUs.
CRUISES
Expedition cruise ship Exploris One to be auctioned off
Nantes
It has a capacity of 144 passengers and 102 crew members.
COMPANIES
SeaCube Container Leasing has acquired Martin Container.
Montvale
The company specializes in the refrigerated container segment
LOGISTICS
Pisano: The Simplified Logistics Zone has great strategic importance for the port of La Spezia.
La Spezia
PORTS
RINA and HPC launch project to promote green ports in the Caspian region
Genoa
Five-year contract with the OSCE
SHIPYARDS
Vard to build four Multi-Purpose Robotic Vessels for Ocean Infinity
Trieste
The contract has a total value of over 200 million euros
PORTS
Hanseatic Global Terminals will become sole owner of Florida International Terminal
Rotterdam
MEETINGS
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
INFORMATION TECHNOLOGY
The transportation sector enters a turning point with the adoption of artificial intelligence
Ulm
However, most companies are still in the early stages of this process.
PORTS
Work completed to widen the access channel to the port of Livorno.
Livorno
The width between the two banks will be increased from 70 to 120 meters
OFFSHORE
Nexans sets a record for the depth of laying a high-voltage submarine cable on the Tyrrhenian Link
Paris
Installation at -2,150 meters
PORTS
Funds for Spanish ports to adapt to the use of wind energy and other marine renewable energy sources
Madrid
Program with a total value of 212 million euros
INDUSTRY
CMD - Costruzioni Motori Diesel returns to wholly Italian ownership
Atella
Giorgio and Mariano Negri have acquired 67% of the capital held by the Chinese Loncin Motor Co.
FINANCING
Intesa Sanpaolo is financing the construction of three PCTCs for Grimaldi Euromed.
Milan
The new ships will be delivered later this year
LOGISTICS
Medlog acquires Australian intermodal operations of Seaway
Fremantle
The transaction will be completed within the first quarter of this year.
SAFETY & SECURITY
MIT has updated cybersecurity measures for national ships, ports and port facilities
Rome
A circular has been published which, among other things, introduces staff training
COMPANIES
V.Group has bought the Danish company Njord
London
The company offers the shipping industry solutions for energy efficiency and decarbonisation
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
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
MEETINGS
Spediporto's conference "Take opportunities navigating trade tensions" will be held in Genoa on December 1st and 2nd.
Genoa
It will be held at the Conference Hall of Banca Bper
››› Meetings File
PRESS REVIEW
East Port Said Port faces a new challenge with Europe's carbon rules for shipping
(EnterpriseAM)
Bulgarian court rejects extradition of Russian owner of a ship linked to Beirut port blast
(ABCNEWS.com)
››› Press Review File
FORUM of Shipping
and Logistics
ASSITERMINAL
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
ACCIDENTS
Fire aboard the Majestic ferry in the Port of Genoa
Genoa
The flames were extinguished by the intervention of the on-board fire brigade and did not cause any injuries.
COMPANIES
COSCO to acquire control of German logistics company Zippel
Hamburg
Agreement to acquire 80% of its capital
PORTS
Colombo Port Sets New Annual Container Traffic Record
Columbus
Sri Lanka Ports Authority signs agreement with French shipping group CMA CGM
COMPANIES
Viasat to exit British company Navarino's capital
London
ICG to support the Tsikopoulos brothers in reinvesting in the company
SHIPPING
The Palau government ensures the full operation of the Naval Registry
Koror
Moses (BMT): Services continue to be provided in accordance with international procedures and standards
RAILWAY TRANSPORT
In the first nine months of 2025, freight transported on the Austrian rail network increased by +1.4%
Vienna
Growth of +4.9% was recorded in the third quarter alone
OFFSHORE
Saipem wins $425 million offshore contract to develop the Sakarya gas field.
FREIGHT TERMINALS
The decree for the distribution of PNRR resources to interports has been signed.
Rome
The disbursement of 1.9 million euros is expected
SHIPPING
Messina, a Genoese company, launches a new service to Algeria.
Genoa
The rotation touches the ports of Fos, Genoa, Barcelona, Algiers, Fos
RAILWAY TRANSPORT
FS Logistix is the first company in Europe to certify its carbon footprint for freight transport.
Rome
The FS group company has obtained ISO 14067 certification
DEFENCE
WASS (Fincantieri Group) wins torpedo supply contract for Indian Navy
Trieste
Contract with a total value of over 200 million euros
INTERMODAL TRANSPORT
FHP Intermodal will become operational on January 1st
Milan
FHP Group completes the integration process between its subsidiaries CFI Intermodal and Lotras
ACCIDENTS
The Coral Adventurer cruise ship ran aground in Papua New Guinea.
Port Moresby
No harm to people on board
SHIPPING
d'Amico International Shipping orders two new MR1 product tankers from Guangzhou Shipyard International.
PORTS
Port of Gioia Tauro: Anchorage fee reduction approved again
Gioia Tauro
A total sum of 1.5 million euros has been allocated
LAW
The Council of State has confirmed the legitimacy of the tender for the new Ravano Pier in La Spezia.
Rome/La Spezia
The TAR ruling for Liguria has been confirmed.
INTERMODAL TRANSPORT
Hupac will launch a new shuttle train service between Duisburg and Novara.
Noise
Schedule six rotations per week
PORTS
Ferry docking slots for Piombino and Elba Island in 2026 have been assigned.
Livorno
PORTS
Project financing process for the first hydrogen production plant in the port of La Spezia
La Spezia
Project to provide "mobile" supplies to vehicles such as locomotives and boats
CEREMONIES
The new hydrofoil terminal at the port of Messina will be named after a victim of femicide.
Messina
The initiative to remember Omayma Benghaloum
PORTS
Three new e-RTG yard cranes have arrived at the PSA Venice-Vecon terminal
Venice
Investment of 8.5 million euros
SHIPYARDS
Fincantieri delivers second multipurpose combat ship to the Indonesian Navy
Trieste
Ceremony at the Muggiano shipyard
JOBS
The employment contract renewal for transport and logistics company managers has been signed.
Rome
Signed today by Manageritalia and Confetra
SHIPPING
In June the Grendi group will equip itself with a fifth ro-ro vessel
Genoa
It will have a load capacity of 3,000 linear meters
RAILWAY TRANSPORT
Brussels has approved the loan to rescue the rail freight company Lineas.
Brussels
Sixty-one million euros granted by the Belgian government
RAILWAY TRANSPORT
Green Mobility Partners and KKR Partner to Create European Rail Leasing Platform
Frankfurt
American company invests in GMP
OFFSHORE
Saipem wins offshore EPCI contract in Qatar
Milan
The contract is worth approximately $3.1 billion.
INDUSTRY
Wärtsilä sells its Gas Solutions division to German private equity firm Mutares.
Helsinki/Munich
Bank of China finances purchase of Grimaldi Euromed's Grande Melbourne
Amount of 57 million euros
COMPANIES
GeneSYS Informatica (Fratelli Cosulich) has acquired 51% of the capital of Navimeteo
SHIPYARDS
KSOE wins $466 million order for four container ships
Lysaker/Seongnam
NYK and Ocean Yield Award Order for Four New LNG Carriers
SHIPPING
ONE's Adriatic Service 1 will also make stops at the port of Ancona
Singapore
The line to Damietta has a weekly frequency
PORTS
Consolidation work on the Riva quay at the port of Ortona has been completed.
Ancona
Thirteen million is the cost for the adaptation of the infrastructure
PROGRESS AND TECHNOLOGY
Vard has signed a cooperation agreement with the Norwegian research institute Norce
Ålesund
It concerns all fields of research and innovation in the naval sector
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