Shipping - Page 76

Capacity parked on the ocean earlier is now being applied again, which is putting pressure on the market

Savannah River channel was closed for large vessels for more than three days because of adverse weather conditions

Major development project with total investment of AED 4 billion ($1 billion)

Soren Skou retires as CEO, led transformation of Mærsk from diversified conglomerate to an integrated logistics company

Customers can choose from carbon-free transport options

Avg long-term rate for contracts entering validity in past three months at least $1,900/FEU higher than avg spot rate

2023 likely to see beginning of new normal rather than reverse of recent weakening of supply/demand balance

Acquisition completes CMA CGM's portfolio of 7 terminals in the U.S.

Georgia Ports Authority will remodel the docks in Savannah to handle two large container ships simultaneously

Average delay improved once again, dropping by another -0.31 days M/M to 5.56 days In October.

Largest month-on-month decline recorded since the launch of XSI in 2019

Platform to go offline by the end of Q12023