Shipping - Page 76

Big ship berth, terminal improvements in the works

Downtime associated with natural hazards puts trade worth $67bn at risk every year, which could result in costly delays

DP World will implement new processes to speed up turn around times at Jebel Ali Port and reducing emissions

Berlin-based start-up has found a way to mass-produce green methanol at a competitive price

Hapag-Lloyd acquires 49% minority stake; terminal portfolio expanded

When annualised against 2019, volume growth on NAWC saw contraction in Sept 2022 & the trend continued into Oct and Nov

Blanked sailings from Asia to U.S. West Coast more than six times higher than weeks leading up to holiday in 2019

Organisational structure shaped around 15 roles and areas of responsibility

Chances of new strikes are high due to inflation-related rise in prices putting pressure on workers’ disposable incomes

58% blank sailings will be occurring in Transpacific Eastbound & 31% on Asia-North Europe and Med

"Spot rates have continued to fall on a weekly basis, rapidly closing in on five-year 2015-19 averages."

Cargo volumes may recover once businesses have adjusted inventory levels, unlikely to improve supply/demand balance