Shipping - Page 45

Average P/B multiple for peer companies works to be 0.75x; with transaction at 0.48x, Harim ends up with a quality deal

"Operation Prosperity Guardian set up & deployed to allow maritime commerce to pass through Red Sea/Gulf of Aden"

Attack follows a drone attack on crude carrier near Veraval, Gujarat

MSC introduces a new acronym - contingency adjustment charge (CAC), Maersk, CMA CGM announce diversions

~920,000 TEUs have diverted south of Africa & another ~1,002,000 are delayed in Suez area: Anders Schulze, Flexport

MSC, CMA CGM halt Red Sea sailing after attacks; only positive - Panama Canal increases crossings from January 2024

Team has taken measures to ensure de-stuffing of containers and export stuffing of cargo in containers remain unaffected

After Panama Canal shock, the terror attacks on container ships can disrupt supply chain in 2024

Adani Ennore Container Terminal has an annual capacity of 0.8 million TEUs, which can be increased to 1.4 million TEUs

Sorensen will succeed Dheeraj Bhatia who will become a member of the Hapag-Lloyd Executive Board

11 months into 2023, Los Angeles Port processed 7.9mn TEUs, 14% less YoY, Port of Long Beach moved 7.3mn TEUs, down 15%

The new weekly service has four vessels deployed with a capacity of 2,800 TEUs