Shipping - Page 42

Handling diverted Baltimore container cargo & anticipated growth in 2024 may prove challenging for U.S. East Coast ports

Emphasis will be on quality end-to-end direct services with high schedule reliability: Jeremy Nixon, CEO, ONE

Vessel traffic into/out of Baltimore port suspended until further notice; six workers were missing and presumed dead

Video footage showed bridge across Patapsco river at the mouth of the port collapsing at about 1.30 a.m. local time

Gopalpur is a road-rail connected port with capacity of 20mn tonnes per annum & significant potential for expansion

Services operated under the Gemini cooperation agreement will make extensive use of 15 hub ports

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