Shipping - Page 26

Strength reinforced by falling reefer freight rates as carriers adjust prices down after pandemic era disruptions

Average freight rate declined 32% to $1,359 per TEU in the first quarter of 2024 compared to $1,999 in Q12023

A butterfly service that offers 2 loops, VGI offers competitive transit times to serve the rapid import and export growth of Southeast Asian markets.

From the Port of Salalah, an in-transit overland route by truck connects to Jeddah located in the safer mid-point of the Red Sea in Saudi Arabia.

Ane Maersk first of 18 large vessels ordered by Maersk that will be added to the fleet during 2024 and 2025

The appointment coincides with SeaLead’s recent acquisition by a consortium of investors including Eurasia Capital, HCP Investments, Access Capital...

Expected result for IKEA is CO2 emission reduction of around 100,000 tonnes

Coega will be added to the MIDAS 1 rotation offering an optimised pathway for shipments through competitve transit times to Jebel Ali and India.

With three operating docks and 2620 pallet positions, the 27,512 sq. ft. facility is fully equipped to handle and store chemical products.

Revenue of APSEZ grew by 28 percent Y-o-Y to reach record high of ₹26,711 crore while EBITDA jumped 44 percent Y-o-Y to ₹15,751 crore.

EBITDA decreased from $3.4 billion in Q1 2023 to $1.5 billion in Q1 2024. EBIT decreased to $117 million from $2.3 billion in 2023.

Intention is to extend collaboration to a wider group of certificates and expand the network of laboratories to increase coverage for carriers.