Shipping - Page 2

Carried volume increased 12% to 944,000 TEUs in first quarter, and average freight rate was up 22% at $1,76/TEU.

With decades of maritime experience, Alessandra Ronco takes on dual leadership at House of Shipping to drive future growth.

Consolidated revenue from maritime shipping operations increased 11.5% to $8.8 billion.

Outlook for 2025 unchanged: lower earnings expected in a difficult market environment.

MSC, Hapag announce emergency charges; Hapag, CMA CMA alters routes.

Round saw participation from Caret Capital, Indigram Labs Foundation and a strategic investor from the shipping sector.

U.S. will lower tariffs on Chinese goods from 145% to 30%; China will reduce duties on American imports to 10%.

CMA CGM will charge $800/unit from Pakistan to Europe/Med/U.S & $300/unit from Europe/Med/U.S./Africa to Pakistan.

"Global TEU-mile demand would decline 6% if container ships begin sailing through the Red Sea and Suez Canal again."

Ocean saw improved profitability to an EBIT of $743 million due to higher rates and stable volumes.

Under the agreement, Rhenus will operate barge services on national waterways in India.

JNPA handled 667,922 TEUs of containers & 8.44 million tonnes of total cargo in Apr-2025.