Shipping - Page 69

Ocean cargo volumes could fall by up to 2.5% & weak demand will force increased idling of vessels

Incumbent MD Jakob Friis Sorensen to start new role as Senior Advisor – Growth Initiatives, Indonesia.

Khazaen Dry Port now bookable on Maersk.com as port of origin or destination

BIMCO evidence suggests that refills can save around 2,355 kg of CO2 emissions per ship per year.

Investment offers exposure to maritime business in Mediterranean region and port facilities in Spain

Carriers are scrambling for volumes they can get; backhaul shippers having easier time getting their volumes on board.

First facility will have a production capacity of approximately 100,000 tonnes per year.

Average freight rate was up 3% to $3,353/TEU, carried volume declined to 842,000 TEUs, down 5%

Port of Los Angeles has processed 8.5 million TEUs during Jan-Oct 2022, about 6% down from 2021’s record pace.

Q3 revenue up 53% YoY to AED 1.5bn ($405mn), driven by the maritime and EC&FZ clusters.

There have been 34 additional blank sailings announced on Asia-NAWC and 16 on Asia-NAEC

Significant focus is infra investment, which we are using to expand our terminal portfolio: CEO Rolf Habben Jansen