Shipping - Page 50

Average price of a 40ft high cube container in Moscow was $4,175 in Feb 2022, which is $580 as of Sept 25, 2023

Little uptick offers glimmer of hope for carriers looking for signs of market recovery

World Shipping Council taking additional action to strengthen cargo safety standards

Shipping accounts for 80% of global trade volume & nearly 3% of GHG emissions with emissions up 20% in just a decade

Shipnext will receive an initial grant of €400,000 in the coming months

Far East India Express (FIX1) service will commence the first direct connect between Chennai and East Asia/China

Canada is India’s second-largest trade partner for potash, and the world’s largest producer and exporter

Carrier partners supporting plan have set goals to deploy reduced or zero lifecycle carbon capable ships by 2025

Flexibility by choosing 3-6 month agreements over 1-2 year contracts might allow shippers to leverage opportunities

Solar power plant to generate 22 million kwh of electricity annually to meet 80% of terminal’s power requirement

Hapag-Lloyd starts rollout of Starlink to its fleet this year, enhancing efficiency and safety of the fleet

Maersk & CMA CGM will work together to develop use of alternative greener fuels for container vessel propulsion