Shipping - Page 23

"Had the fleet not grown substantially before the Red Sea crisis began, it could have developed into a major crisis."

Manufacturers are reporting full order books until mid-October

Growth in inventories a continuation of a long-term trend that began in 2009 (with a temporary drop during the pandemic)

Key features include automated tracking, real-time data analysis, and improved logistics coordination

Registers growth of 22% in April–July period of FY2025, handles more than 72,000 TEUs for third consecutive month.

Increases 2024 guidance to adjusted EBITDA between $2.6-3 billion and adjusted EBIT between $1.45-1.85 billion.

Bharat Petroleum Corporation (BPCL) launched first biofuel blend High Flash High Speed Diesel (HFHSD) bunker by an OMC at Mumbai Port. “As the...

Bank develops Export Leading Index (ELI) for India to track and forecast the movement in exports

Cumulative value of merchandise exports during April-July 2024 was $144.12 billion, an increase of 4.2% YoY

Group EBITDA is expected to be in the range of $3.5-4.6 billion & EBIT to be in the range of $1.3-2.4 billion for 2024.

July 2024 loaded imports landed at 501,281 TEUs, a 38 percent spike compared to the previous year.

No sign of sudden U.S. spending boom; significant increase only in recreational goods and vehicles.