Shipping - Page 78

Ocean transportation operating income for Q22022 is seen between $465-470 million as against $201 million in Q22021.

Average container prices & leasing rates have been declining globally since Sept-Oct 2021.

Target is to get large ships with capacity of 21,000 TEUs to call at the proposed container terminal at Tuna-Tekra.

Consortium comprising India's APSEZ and Israel's Gadot Group has secured the rights to buy 100% shares of Haifa Port Company Ltd

Strategy includes expanding fleet capacity of containerships to 1.2 million TEU from the current 820,000 TEU by 2026.

Global pool of shipping containers increased 13 percent to almost 50 mteu in 2021

Final tests being done with ExxonMobil, ocean carriers and eBL platform providers

Kale to share maritime digitisation expertise as new member of the International Association of Ports & Harbors.

Maersk has left the International Chamber of Shipping (ICS) for the World Shipping Council (WSC) after differing from ICS over climate policy

"Severe congestion around the network drove down liftings by 5.6 percent to 1.8 million TEUs.”

Advanced biofuels are based on raw biological materials such as used cooking oil and other waste products.

While container freight spot rates are dropping, U.S. imports continue to be strong.