Shipping - Page 6

MSC, Hapag announce emergency charges; Hapag, CMA CMA alters routes.

Round saw participation from Caret Capital, Indigram Labs Foundation and a strategic investor from the shipping sector.

U.S. will lower tariffs on Chinese goods from 145% to 30%; China will reduce duties on American imports to 10%.

CMA CGM will charge $800/unit from Pakistan to Europe/Med/U.S & $300/unit from Europe/Med/U.S./Africa to Pakistan.

"Global TEU-mile demand would decline 6% if container ships begin sailing through the Red Sea and Suez Canal again."

Ocean saw improved profitability to an EBIT of $743 million due to higher rates and stable volumes.

Under the agreement, Rhenus will operate barge services on national waterways in India.

JNPA handled 667,922 TEUs of containers & 8.44 million tonnes of total cargo in Apr-2025.

Maersk was the most reliable top-13 carrier in March 2025 with schedule reliability of 66.9%.

Revenue up 16% at Rs 31,079 crore; APSEZ is expecting revenue to be between Rs 36,000-38,000 crore in FY2026.

"Baseline FY2025 full year profit after tax forecast stands at approximately $1.1 billion."

MatchLog has announced its collaboration with Maersk to optimise landside equipment utilisation in India. MatchLog, founded in July 2019,...