Shipping - Page 4

Hong Kong Maritime Week 2025 takes place from Nov 16–22 with 50+ events, spotlighting sustainability and the city’s role as a global maritime hub.

Poor quarterly results were due to sharp jumps in subcontracting and provision expenses, which significantly raised the overall cost base.

Revenue for the six months ended September 30 rose 34% to ₹1,864.00 crore, from ₹1,390.00 crore last year.

The company's operational revenue decreased by 8%, and H1 experienced a 10.4% decline.

APSEZ expects higher domestic growth, exceeding the projected 5.5–6% global trade growth, driven by new container capacity at Mundra next year.

The tankers will be built at SDHI’s shipyard in Pipavav, Gujarat, marking a key development in India’s shipbuilding export efforts.

Maersk now projects full-year underlying EBITDA to be between $9 billion and $9.5 billion

The new vessels will operate under French law and are compatible with biomethane and e-methane.

The revision reflects Fitch's assessment of easing contagion risk for APSEZ, noting that the group has access to funding sources.

APSEZ revenue for FY26 is expected to be ₹36k - ₹38k cr and EBITDA is projected to be in the range of ₹21k - ₹22k cr.

The collaboration will modernise the port's facilities, enabling it to accommodate larger vessels.

The growth was driven by a surge in container volumes which is a substantial 24% YoY.