Please enable Javascript for full functionality. The company announced today that it will undertake an effort designed to reduce its carbon intensity by 50 percent by 2030 compared to 2008 levels and have a climate-neutral fleet from 2050.

India has 12 major and 205 notified minor and intermediate ports. Sales on the other hand came in at Rs 11 bn (up 10.9% YoY). COMMENTdocument.getElementById("comment").setAttribute( "id", "a56675b4dbb7479e20ddaa59cd02d77c" );document.getElementById("f58cefc00a").setAttribute( "id", "comment" ); Credit: Shutterstock / Photo by: Italyan. Smart containers: 2019 could be the year for the expanded use of smart containers.

Companies are particularly focusing on mergers and acquisitions as part of their growth strategy to hold a competitive position in the market. The containers are … Another trader of the protective material also in Yaba, John Udeh, stated that, the price has not gone up but that there signs it will go up in no distant time because of the rising demand.

Fewer overhead costs and wide product portfolio are other factors projected to fuel market growth. Richard Greiner “This, despite major multinational organisations already lowering their profit guidance, and many more likely to do so in coming weeks. Recent Posts.

According to analyst at FXTM, Lukman Otunuga, inspite of the impressive growth recorded by the country in the last quarter, risks to the economy have multiplied. Despite the prospect of new trade negotiations between China and the U.S., the world remains a volatile stage on which to trade. Tonnage imbalances will endure in some trades. The Indian e-commerce market has witnessed significant growth over the past few years, which has resulted in a rise in the number of startups catering to this marketplace. MSC will also equip 50,000 dry cargo containers with smart container technology.

Capacity at non-major ports is expected to reach 968 MMT in 2019 from 750 MMT in 2016.

India’s total external trade grew to US$ 838.5 billion in FY19, implying a CAGR of 5.53% since FY09. Merchandise exports during the year were US$ 331 billion while imports reached US$ 507.4 billion. Many of the statistics reported by the container shipping industry are reported in TEU, which stands for “Twenty-foot Equivalent Unit.” Important Container Shipping Industry Statistics #1.

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Rakesh Jhunjhunwala's Rs 500 Crore Bet on Tata Motors: A Sixer or a Hit-Wicket?

Payment gateways are susceptible to security breaches/cyberattacks, which is expected to act as a challenge for the market. Much of this budget will be targeted at the adoption of new technologies to improve operational performance. Shipping Containers Market is expected to reach over USD 14 billion in 2023. Green doesn’t come cheap, or easy, however, the more so when viewed in the context of rising interest rates. A recent DS Research report indicated that 60 automation projects are planned for the next five years, which will create a total capacity of 90 million TEU. The impact of the coronavirus outbreak on the shipping industry “is continuing to increase in scope, and the ripple effects are continuing to show up,” said Sea-Intelligence, an analysis company specialised in the sector, in its weekly report. Also earlier this week, Nigel Green noted in addition, coronavirus has struck at a time when major economies, including Japan, Germany, India and China’s Hong Kong are already facing a serious downturn.

For the quarter ended June 2020, G.E.SHIPPING has posted a net profit of Rs 5 bn (up 966.8% YoY).

Since ports handle almost 95% of trade volumes in India, the rising trade has contributed significantly to the country’s cargo traffic. More collaboration and standardization: According to Navis, more than half of all respondents said their operational performance would improve by at least 50% if they could share their real-time operational information. There has been a notable increase in investments by the key players in the e-commerce industry owing to the number of shoppers inclined toward online shopping platforms. In Nigeria, vessels call into the seaports have reduced significantly due to fear of the spread of the virus. Richa's No. Mrs. Yakubu, said the emergency simulation exercise is an operational requirement of the International Civil Aviation Organization (ICAO) for aerodromes which is aimed at ascertaining the level of preparedness of the airport in real-life emergency situations. Freight rates and earnings of the shipping companies are primarily a function of demand and supply in the markets.

The market is anticipated to witness significant growth owing to an increase in preference for online shopping, coupled with the rising trend of cross-border e-commerce trade. CIN:U74999MH2007PTC175407. Therefore, if global economic growth is adversely impacted, it could have an unfavorable effect on the state of the shipping market.

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