Shipping - Page 88

To identify business opportunities related to feedering, logistics & port activities across the GCC, Africa, and Asia.

Rates have likely peaked for now, and we expect an orderly marketplace for the remainder of the year: CEO Matt Cox

"Congestion in global supply chains leading to higher freight rates has continued longer than initially anticipated."

The union minister was interacting with the delegations from Central Asian Countries on Chabahar day.

Liftings declined 5 percent at 2.9 million TEUs compared to 3.1 million TEUs in Q12021

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.