Shipping - Page 21

Potential tariff increases, labour negotiations contribute to peak shipping season

New service enhances connectivity across India, Far East and the Gulf.

APSEZ signs concession agreement with Deendayal Port Authority to develop berth under 30-year concession

In addition to deploying its vessel, Folk Maritime has organized the 10-day service through a Vessel Sharing Agreement (VSA) with Oman’s Asyad Line.

HMM aims to acquire around 70 green vessels by 2030 & establish a carbon-neutral ecosystem across all segments by 2045

Maersk and Hapag-Lloyd will announce which network it expects to put to sea in February 2025 by October 2024

Investment will increase total capacity from 170 million tonnes per annum (MTPA) to 400 MTPA.

Agreement between ZIM and MSC includes slot swap and vessel sharing agreements.

ONE, HMM and Yang Ming will continue to cooperate under Premier Alliance, effective for five years from February 2025.

Premier Alliance offers more than 80 direct port calls; announce slot exchange deal with MSC

Chennai experienced steepest increase in prices (50%) followed by Nhava Sheva (35%) and Mundra (26%) since April

Thermal coal shipments were a key driver, supported by strong electricity demand and coal import mandates.