Shipping - Page 17

Ocean Network Express has increased its net profit guidance to $3.1 billion from $2.7 billion announced on July 31.

Maersk is expecting underlying EBIT of $5.2-5.7 billion for 2024 on strong Q3 results & strong container market demand.

Agreement with LONGi to deliver bio-methanol produced at a facility in Xu Chang, Central China.

Cargo volume up 9% YoY at 220 million tonnes; revenue up 13% at Rs 14,627 crore.

The SeaFold 40’ has the potential to cut the cost of repositioning containers by 56 percent, storage space by 80 percent, and carbon emissions by up...

"As opposed to last year, we did not experience the usual summer seasonality drop in volumes during the holiday period."

Traffic through Panama and Suez Canals - critical arteries of global trade - dropped by over 50% by mid-2024.

Net turnover for sea logistics increased 36% to CHF 2.6 billion and EBIT was up 9% at CHF 256 million in Q32024.

The MGX service will operate on a weekly basis, providing dedicated shipping routes that connect Jebel Ali, Djibouti, Aliaga, and Damietta.

Agreement plans for the production of up to 100,000 tonnes of biomethane per year between now and 2030.

Approximately 30% of the seasonal workforce will be sourced from Tier 3 cities.

Maersk now expects underlying EBITDA of $11-11.5 billion and EBIT of $5.2-5.7 billion for 2024.