Shipping - Page 26

Largest deployment growth on Asia/Europe route at 24%; container fleet up 10.6% between June 1, 2023 and June 1, 2024

JNPA handled 7.54 Million Tonnes of total cargo & 603,219 TEUs of containers in July 2024.

Xeneta Shipping Index (XSI) reached 151.5 points in July, a MoM increase of 2.5%

Maersk reported unaudited revenue of $12.8bn, underlying EBITDA of $2.1bn and underlying EBIT of $756mn for Q22024.

Fontana has more than 15 years of finance experience in container shipping and land-logistics businesses

Revenue increased 21% to Rs 7,560 crore and cargo handled was up 8% at 109 million tonnes

Average delay for late vessel arrivals deteriorated, increasing by 0.04 days M/M to 5.19 days

Kempegowda International Airport shipped 822 MT of mangoes in 2024, a 20% increase, exporting to over 60 international destinations.

Cuts CO2 emissions by 50%; expects to replace approximately 75-80% of conventional energy needs at terminals

ONE has more than doubled its profit forecast for FY22024 to $2.75 billion from the earlier estimate of $1 billion

"It is also a case that the lower end of spot market will eventually increase as an overall market spike progresses."

On the Asia-North Europe route, blanked capacity is likely to be 5.9% for the coming 11 weeks