Page 36 - ITLN May - June 2022 issue

News

Maersk to earn more than APM Pipavav

$30bn in 2022 on higher rates secures Maersk's
Jade Express for
anish carrier A.P.Moller-Maersk Maersk with growth across Ocean, transhipment
D(Maersk) reported a 55 percent Logistics and Terminals," says CEO
increase in revenue to $19.3 billion Søren Skou. "The increased earnings PM Terminals Pipavav has
for Q12022, driven by higher rates are driven by freight rates and by Asecured a new service Jade
and strong long-term partnerships contracts being signed at higher Express for transhipment cargoes.
with customers. EBITDA more than levels. While global supply chains "The first vessel M.V. IRENES RAY
doubled to $9.1 billion, and free remain under significant pressure, -215S was berthed at Pipavav
cash flow increased to $6 billion, we continue to demonstrate superior in March bringing in enhanced
according to an official statement. ability to help customers overcome connectivity to our customers
"In Q1, we delivered the best logistic challenges." from Rajasthan, Gujarat, New
earnings quarter ever in A.P.Moller- Delhi and Punjab. The new
service is a testimony to port
infrastructure and services that
is a preferred gateway to Indian
Northwest," reads the release.
The weekly service, introduced
by Maersk, will connect Port
Pipavav to Port Qasim. Jade
Express connects Pipavav perfectly
in time for the MECL service [west
bound for the North America] and
provides same day connectivity on
the FI3 service [for the far east].

Global Logistics launches DP World Cochin
achieves record
containers to tackle shortages productivity

P World Cochin recorded the
ith container shortage The bill of lading issue and overseas Dhighest ever vessel productivity
Wplaguing the logistics distribution is also taken care of by the since inception at 150 moves per
industry over the last two years, agents of NVOCC.) "Our containers hour on the MV.TCI Anand on March
Global Logistics Solutions India will operate both ways between the 23, 2022, surpassing the previous
has launched Global Logistics major Indian ports of Chennai, Nhava record of 137 moves achieved in
Containers to strengthen its NVOCC Sheva, Mundra and Kolkata and inland July 2019. Further to clocking
operations and further support our container depots (ICDs) and Singapore, record transhipment volumes of
customers. (NVOCC, or Non Vessel Malaysia, Myanmar, Bangladesh, over 1.50 lakh TEUS in CY 2021, DP
Owning Common Carrier, operations China, Vietnam with immediate plans World Cochin also maintained its
include sales, loading and transport of connecting the Middle East region," #1 position among South Indian
of containers to gateway ports. an official statement said.
terminals in the month of April 2022
with a volume of over 66,000 TEUs.
Praveen Thomas Joseph, the
CEO, of DP World Cochin, said,
"2021 has been a watershed year
for DP World Cochin. The newly
added WIS service and the ISG
Service connecting Cochin to the
Middle East and the East Coast
of India have helped achieve
significant volume growth,
especially in transhipment.”

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