Shipping - Page 62

Revenue from operations stood at ₹214 crore, higher by 4 percent as compared to ₹206 crore in Q1FY23.

Average freight rate of $1,761/TEU (H12022: $2,855/TEU) was down 38%, volume declined 3.4% YoY to 5.8 million TEUs

Anticipated fall in reefer container freight rates will continue to be more measured than for dry freight

Adani Ports reported 24% increase in revenue at Rs 6,248 crore on 12% increase in cargo handled at 101.4 million tonnes

SeaLead promises fastest transit from China to Chennai and Visakhapatnam

Q2 revenue down 40% to $13 billion on 50% decline in ocean topline, EBIT drops 82% to $1.6 billion

Hapag-Lloyd to take over terminal stakes in North, Central and South America

Container Availability index (CAx) lower than Q42022 as trade improves at Indian ports

ONE Innovation, 1st of six long-term chartered 24,000 TEU vessels, delivered and deployed on Asia-Europe trade

Despite disruptions, India was able to improve its overall Logistics Performance Index (LPI) rank in 2023 to 38 (2018: 44, last LPI survey).

23 Indian crew on board, 22 currently hospitalised and receiving treatment

Volume carried was almost flat at 5.60 million TEUs, average revenue per TEU declined 10% to $1,491 YoY