Shipping - Page 86

With the market on a decline in terms of supply/demand, shift in sailing distance impact becomes an added element.

July's increases slowest since January with upward pressure on long-term deals easing as spot rates decline.

D&D charges up 12% despite decline in 2022 compared to pre-pandemic levels after global avg increase of 39% in 2021.

Deal valid for 120 days with an option to extend, allows bulkers to be escorted to the ports through safe corridor.

Industry partners for the pilot project include Anglo American, Chevron, CMA CGM, Hapag-Lloyd and ONE.

The first movement involved 50 containers from Kolkata to a river port near Dhaka for Coca-Cola Bangladesh Beverages.

The 40-feet container will travel from East Coast to West Coast affirming Maersk’s commitment to inclusion.

Nationwide four locations were chosen for pilot testing of 5G which included Delhi Airport, Bhopal Smart City, Bangalore Metro, and Deendayal Port...

Blank sailings have been traditionally used as a tool by container shipping lines to manage supply and bring it down in line with demand."Over the...

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.