Shipping - Page 74

Nine ocean carriers commit to converting 50% of original bills of lading to digital within 5 years and 100% by 2030

With this acquisition, CMA CGM Group hopes to expand its presence in the Mediterranean while also strengthening the port of Marseille and the French...

Despite continuous fall in freight rates, stock prices of major liners are consolidating at historically low valuations

Iskenderun is one of two major shipping container ports in Turkiye & hosts heavy industries such as steel

Maersk lowers guidance; expects underlying EBITDA of $8-11 billion and underlying EBIT of $2-5 billion for 2023

Jebel Ali handled 14mn TEUs in 2022, up 1.7% year-on-year; On Q42022 basis, DP World handled 19.5mn TEUs, up 2.4%

First sailing eastbound from north India is due to depart Nhava Sheva on February 13

“Messaging to both sets (customers & shareholders) on how they will succeed needs to be crystal clear”

The company plans to use the funds for further expansion into the Europe and US markets and in recruitment

Located in Kandla, Gujarat, the Tuna-Tekra mega-container terminal will enable the flow of India’s export-import trade.

Fifty additional airports, heliports, water aerodromes and advance landing grounds will be revived for improving regional air connectivity.

"With little sign of change ahead, this will be a challenging year for the carriers."