Shipping - Page 20

After almost eight years of steady alliances, industry set for a recast - new alliances, new targets and new routes.

Revenue increased 14% to Rs 22,590 crore on 7% increase in cargo handled at 332 million tonnes.

Revenue up 6% to $20.7 billion; waiting for Gemini launch from Feb 1.

Gemini Cooperation, the Maersk-Hapag alliance that goes operational on Feb 1, will be phasing in via Cape of Good Hope

Vadhvan Port will handle 23 million TEUs annually and include nine container terminals.

"We recommend expanding supplier networks, diversifying sourcing and proactive vigilance into global events."

Container shipping rates spiked more than 70% in 2018 when Trump ramped up tariffs on China.

JNPA handled its highest-ever container volume of 7.05 million TEUs in 2024, likely to increase to 10.4mn TEUs in 2025.

Carriers will be wary that they could be at risk if the Houthis deem their voyages to have any connection with Israel.

It’s far too early to expect any formalised changes in the next few weeks: eeSea.

Garden City Terminal gets cargo moving in about a day compared to a week’s wait at West Coast ports.

Terminal’s capacity has increased to approximately 1.4 million TEUs.