Shipping - Page 30

ZIM, Yang Ming and Wan Hai recorded EBIT losses in FY2023; four shipping lines had EBIT of over $1bn

In the first three weeks of March, the number of ships transiting through the Suez Canal was down 51% YoY

With American consumers still spending & economic indicators +ve, LA/LB Ports well-positioned to recapture market share

Profit for 2023 declined 18% to $1.5 billion, mainly due to higher finance costs

DAY 8 Product will offer CMA CGM customers optimised solutions to transport their goods, in particular to and from Asia

Group revenue was down 47% to $19.4 billion even as transport volume in liner shipping segment was flat at 11.9mn TEUs

Average container ship could be larger than 5,000 TEU at the end of 2025: BIMCO

For the fourth quarter of 2023, revenue declined 45% to $1.2 billion & net loss came in at $147 million

ICTT recently commissioned two state-of-the-art STS (Ship-to-Shore) Mega Max cranes that can handle up to a width of 25 container rows.

The AAPA is a leading organisation representing the collective interests of ports throughout the Americas.

Sundeep Sibal has been appointed as Regional Director of West Asia Regional Headquarters

Installation of Lars Thrane LT-3100S terminal on Cosco Tengfei prioritises safety of crew & cargo