Shipping - Page 51

DP World Cochin has crossed the milestone of handling over 7 million TEUs as of April 2024.

SmartSea to bring proven, globally trusted transport technology and innovation to the maritime sector

Maersk remains the leading carrier despite overall declines in performance metrics

Collaboration includes management of the South Container Terminal through a separate 30-year concession signed in 2020.

The EBITDA margin also improved, standing at 58% in FY24, up from 55% in FY23.

The partnership has shipped 1.8 million TEU (23 million tonnes) of New Zealand cargo to market in the past decade

Over 90% of Bangladesh’s international trade is conducted through the ports of Chittagong.

Strength reinforced by falling reefer freight rates as carriers adjust prices down after pandemic era disruptions

Average freight rate declined 32% to $1,359 per TEU in the first quarter of 2024 compared to $1,999 in Q12023

A butterfly service that offers 2 loops, VGI offers competitive transit times to serve the rapid import and export growth of Southeast Asian markets.

From the Port of Salalah, an in-transit overland route by truck connects to Jeddah located in the safer mid-point of the Red Sea in Saudi Arabia.

Ane Maersk first of 18 large vessels ordered by Maersk that will be added to the fleet during 2024 and 2025