DP World reports strong 1H2021 financial results
DP World Limited has announced strong financial results for the six months to 30 June 2021 with EBITDA growing 18.2% year-on-year. Results Highlights Revenue of $4,945 million (Revenue growth of 21.3% on a reported basis) Revenue growth of 21.3% supported by acquisitions and strong growth in India, Australia, and the UK. Like-for-like revenue increased by […]
Ever Given returns to Suez Canal
The giant Ever Given boxship is back in the Suez Canal a little more than a month after it departed Egyptian waters, and after being arrested for over three months for blocking the waterway for six days last March. The 400 m long ship is now heading in the opposite direction and it is about to enter […]
Container Prices and Availability at Asian Ports Hit by COVID-19 Lockdowns
According to the CAx, average container prices at the port of Yantian increased from $5,515 in June to $15,336 this month The temporary lockdown of the port of Yantian in the second quarter is still negatively affecting container prices and availability in southern China. COVID-19 outbreaks at ports in China and Vietnam will likely reduce […]