Shipping - Page 64

Pipavav Port joins elite 200 port moves per hour (PMPH) club, a significant achievement in the port’s history

The new service will be operated by WAN HAI and Unifeeder to establish a link between key ports in India and Jebel Ali.

Average freight rate declines 67% to $1,193/TEU, carried volume was marginally higher at 860,000 during Q22023

Port berths maiden very large gas carrier (VLGC) – Great Eastern Shipping Company's MT Jag Viraat

Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU

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