Shipping - Page 78

"Since the programme was announced on Oct 25, 2021, the two ports have seen a combined decline of 92% in ageing cargo."

First facility expected to begin operations in 2026 & have an annual production capacity of approximately 390,000 tonnes

Container movement down 7% year-to-date at Los Angeles compared to 2021, down marginally at Long Beach

Drewry’s Global Container Terminal Earnings Index peaked in Q122 followed by a 13% drop in Q222

Poll of over 250 market participants found that 57% spent over two hours finding real-time data

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