Shipping - Page 14

Shipping major reports $54.4bn revenue as logistics, terminals, and air cargo expand.

Carriers suspend bookings, vessels divert and freight rates rise as security risks escalate in the Gulf.

Network expansion and cost discipline support results despite weaker demand and lower freight rates.

India is vulnerable with 40-50% of crude at risk. Govt tracks supply while shielding MSMEs from high freight costs.

Strikes on Iran shake Gulf shipping as carriers divert, oil rises, and India braces for trade impact.

The Middle East region may also face disruption if the conflict escalates further.

Funding round strengthens unified rate database for air and ocean freight operations globally.

Two-year framework will generate verified Scope 3 cuts using sustainable marine fuels from 2026.

The upgrades focus on four key areas: expanding infrastructure, incorporating renewable energy, modernising digital systems, and preserving cultural...

India remains a key trading partner for the Port of Hamburg, with direct container throughput rising 21 per cent between 2020 and 2024.

These six vessels are engineered to operate on liquefied natural gas (LNG), in accordance with global initiatives aimed at decarbonisation.

With this latest order, Maersk’s order book now stands at 33 vessels.