Shipping - Page 23

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.

JNPA handled 7.89 million tonnes of total cargo in Aug-2024 which is higher by 7 percent as compared to traffic in Aug-2023.

Spot ocean rates had declined by over 20% by mid-August from their peak in early July

First IPCSA Foresight meeting to be held in Dubai on November 13-14 will be sponsored by Kale Logistics Solutions

On a Y/Y level, schedule reliability in July 2024 was -12 percentage points lower.