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Key feature of the service is seamless connectivity between India and United States with no intermediate port calls

By leveraging Flowfox’s Drop-off Change product, the project also seeks to optimise empty return processes of containers

Average freight rate declined 32% to $1,359 per TEU in the first quarter of 2024 compared to $1,999 in Q12023

Expected result for IKEA is CO2 emission reduction of around 100,000 tonnes

Initial basic product Live Position provides full on-demand door-to-door visibility

Schedule reliability improves in February as Africa routings stabilise

Latest Liner Shipping Connectivity Index data from UNCTAD shows continuous decline in connectivity for Hong Kong

Big challenges- advance decarbonisation, help Hapag achieve goal of being climate-neutral by 2045

Services operated under the Gemini cooperation agreement will make extensive use of 15 hub ports

ZIM, Yang Ming and Wan Hai recorded EBIT losses in FY2023; four shipping lines had EBIT of over $1bn

Group revenue was down 47% to $19.4 billion even as transport volume in liner shipping segment was flat at 11.9mn TEUs

Sorensen will succeed Dheeraj Bhatia who will become a member of the Hapag-Lloyd Executive Board