Ability to provide choice of mode of transportation between rail/road/sea / air according to the needs of the customer. According to Felder, « Bunker fuel price has increased around 20 percent since the beginning of the year and around 45 percent since similar period last year. So, it has been pretty difficult to go back to our customers and recover from them. » Impact of higher crude oil prices was passed on to the consumers, said Steve Felder, managing director, South Asia of Maersk Line. The shares of the company this week moved up nearly 4.93% and 9.27% in the past 1 month, respectively.

Investing.com – Denmark equities were lower at the close on Thursday, as losses in the Oil & Gas, Chemicals and Financials sectors propelled shares lower. Investing.com – Denmark equities were lower at the close on Wednesday, as losses in the Financials, Industrials and Healthcare sectors propelled shares lower. Investing.com – Denmark equities were lower at the close on Tuesday, as losses in the Personal & Household Goods, Consumer Goods and Oil & Gas sectors propelled shares lower. Investing.com – Denmark equities were lower at the close on Wednesday, as losses in the Healthcare, Real Estate and Chemicals sectors propelled shares lower. Investing.com – Denmark equities were lower at the close on Friday, as losses in the Industrials, Oil & Gas and Healthcare sectors propelled shares lower.

A https://1investing.in/ insurance term meaning that shipment is protected for partial damage whenever the damage exceeds a stated percentage. Some ports might not work with strong winds presenting dangerous conditions on the cranes, some others on the handling equipment, or again on the vertical stacks of containers. A document prepared by a transportation line at the point of a shipment; shows the point of origin, destination, route, consignor, consignee, description of shipment and amount charged for the transportation service. A waybill is forwarded with the shipment or sent by mail to the agent at the transfer point or waybill destination.

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After a container is stuffed, the seal must be applied and the number documented. Heavy-duty container seals are designed to withstand natural elements and last the entire voyage of the container until it is removed by the customer at the destination. A formal request by a company or customer for information or prices on products/ services or a defined quotation to support customer needs. A charge paid by shippers to ship agents for services provided by the agent in Turkish and Greek ports, generally for loading activities conducted by port stevedores. It is not an actual contractual term so the obligation to pay does not depend on its inclusion in the bill of lading.

In Q4FY23, steel prices are still at elevated levels, impacting operating margins of auto part manufacturers. Premiumisation efforts have been successful in improving profitability and cushioning the impact of high input costs for Indian businesses. But companies will find it relatively difficult to expand their market presence by premiumisation alone, given the inflationary environment, thus limiting the scope of this strategy. Expansion will slow down if demand is only robust in one segment, and the others are relatively flat. Analysts Jinesh Joshi and Stuti Beria believe that the company is well-placed to capitalise on India’s rapidly growing aviation market as it has a 56% market share in India.

Advisory Capacity

The main additions were on development/expansion of how much do hedge fund merchants earninals, acquisition of wagons, handling equipments and IT Infrastructure etc. The port container capacity is at 1.35 million TeUs, bulk capacity at 4-5 million MT and liquid capacity at 2 million MT. Container segment comprises ~70% of revenues. Maersk Line is one of the largest customers accounting for 28% of the revenues in FY21.

The process of transferring a shipment from one mode of transport to another. A form required by export authorities of many countries to document the export of goods. RoRo ships typically come with ramps or slips that allow workers to drive wheeled cargo on and off them. Out-of-Gauge Cargo describes break bulk cargo, which is not suitable for stuffing into a standard container due to the cargo dimensions and which requires the use of special equipment like flat racks, platforms- or open top containers.

MSDS sheets typically contain a listing of hazardous ingredients, handling procedures, first aid procedures and precautions. The value or listing of raw materials, work in progress and finished goods on-hand at any point of time within the supply chain. A company arranges direct delivery of the goods to the customer from the stocks of another company belonging to the same corporate group.

Condiciones de transporte

Examples include costs of moving cargo inland on trains or trucks, stevedoring in some ports, and short-term equipment leases. A form of indirect sales tax paid on products and services at each stage of production or distribution, based on the value added at that stage and included in the cost to the ultimate customer. The aim of UNCITRAL is to harmonise and unify international trade law.

Later, the IEA revised the expected fall in 2023 to 10% and now again to 7%. Russia’s own estimate is that it intends to cut its production by just 5% from March. The price of Brent crude reached its lowest level since 2021 amid the banking crisis – $70 per barrel. Its chronic portfolio is also expected to see strong growth led by new launches. The firm did a series of acquisitions in Q4FY23, including a 60% stake in Vivaldis Health and Foods for Rs 143 crore in March, US-based Concert Pharmaceuticals for USD 576 million and a minority stake in Agasta Software and Remidio Innovative Solutions.

Year on Year of figures/prices as compared with the corresponding ones from one year earlier. A phrase preceding the signature of a drawer or endorser of a negotiable instrument; it signifies that the instrument is passed onto subsequent holders without any liability to the endorser in the event of non-payment or non-delivery. A condition wherein the ship is detained in one particular station by contrary winds. To leave room between two ships moored allowing space for manoeuvre. A vertical lever connected to the tiller, used for steering on larger ships before the development of the ship’s wheel.

• The reference number assigned by the carrier or his agent to the voyage of the vessel.
• In ocean freight, the W/M is per metric ton or per cubic meter – whichever is greater.
• The bank also purchased loans worth Rs 9,340 crore in Q4, through a direct assignment route under the home loan arrangement with HDFC.
• The company’s Managing Director Abhyuday Jindal says that not having backward integration for nickel is a big risk for the nation as we face a deficiency in nickel reserves.
• Will carry out premiumisation based on competitor action as well.

Truck designed to haul heavy or oversized non-containerisable cargo. A vessel used to connect with a mother vessel to service a port not called at by the mother or line vessel. Additional vessel brought into schedule to cope with exceptionally strong market conditions. Monetary allowance to a customer for picking up or delivering cargo to or from a point which is not the origin/destination shown on the B/L. A web -based system that supports the creation of client SOPs and links the SOP to required internal/external operational procedures. EDI message is an approved, published and maintained formal description of how to structure the data required to perform a specific business function in such a way as to allow for the transfer and handling of this data by electronic means.

European stocks rebound as oil, travel stocks jump

General Average is applied according to an internationally acknowledged set of rules, the York-Antwerp rules. The FCR is a proof of delivery of goods in good order and condition for shipment. The document is issued by us to the shipper and serves as proof to another party that payment to the vendor can take place according to agreed terms. Under an FCR we are only responsible for goods while they are in our custody, if goods are lost or damaged during transit, the client must file a claim against the ocean carrier.

• Backed by extensive experience in supply chain and project management, our SCD teams use proven methods and analytical tools to implement solutions that help customers to maximize the value they gain from their supply chain.
• An insurance term meaning that the partial loss or damage of goods is insured.
• Used in our Operating System to denote freight forwarding shipments; used more generally to describe an ocean freight forwarder/ NVOCC.
• The carnet serves as a guarantee against the payment of customs duties and taxes , which may become due on goods temporarily imported and not re-exported.
• The OCC is a document containing Damco’s standard charges for origin related activities.

Transport of Bulk Cement in Rail Mode is limited due to paucity of Unloading terminals and also requires specialized Railway Wagons. CONCOR method in Bulk cement handling is cost effective, environment friendly and flexible unloading innovation. Banana Export Special Container Trains has started operating in CONCOR for the current season achieved a unique feat and created a record by operating first long lead full export special container train from Tadipatri, Andhra Pradesh to JN Port under DPE.

Financial Analysis, Valuation, & Risk Management

It protects us for ordinary losses but NOT for risks that arise out of bad business practices (Ad valorem BL, knowing mis-description of cargo etc). South Europe Conference charge incurred when the shipper is not able to deliver cargo directly alongside the vessel. The carrier may assess its expenses in moving cargo from the shipper’s point of delivery to the vessel. Basic domestic and international transport handled for a company by an outside provider e.g. a shipping line. Used in our Operating System to denote freight forwarding shipments; used more generally to describe an ocean freight forwarder/ NVOCC. A document prepared by a supplier/ shipper of hazardous materials that details safety information and procedures for handling or using the product or material.

Damco program where cargo, from multiple individual countries, is shipped to a single location for consolidation into larger shipments to destination, thus minimizing shipping costs whilst maintaining security and reliability within the supply chain. Bunker fuel is technically any type of fuel oil used aboard ships. It gets its name from the containers on ships and in ports that it is stored in; in the days of steam they were coal bunkers but now they are bunker-fuel tanks. A short range coastal tracking system used on ships and by Vessel Traffic Services for identifying and locating vessels by electronically exchanging data with other nearby ships and VTS stations. Information such as unique identification, position, course, and speed can be displayed on a screen or an ECDIS.

Had cut their Brent crude forecasts between February and March first week, given the supply surplus. However, there might be more downgrades in store due to the ongoing turmoil. IOCL bought 10.5 million barrels of oil from Russia in February, its cost savings in just one month must have exceeded $100 million (~Rs 826 crore). Another factor exerting pressure on crude prices is a benign supply-side environment, contrary to what was envisaged.

Established in July 1976; jointly by the six shareholding states from the Persian Gulf . UASC is the largest ocean carrier of dry cargo to the Middle East. A date range set by the buyer, during which time the supplier must ship the cargo.

The return movement of a transport vehicle from its original destination to its original point of departure. Customs’ computer system which brokers use to file importers’ entries electronically. An electronic system allowing customhouse brokers and importers to interface via computer with the US Customs Service for transmitting entry and entry summary data on imported merchandise. The date on which goods or a means of transport is due to arrive at the delivery site of the transport. The portion of the horizon over which a lighted aid to navigation is visible from seaward. Determination of the dutiable value of imported merchandise by a Customs official who follows procedures outlined in their country’s tariff, such as the U.S.

Sector growth looks decent for JSL as Bank of America Securities has given a positive stance for the near term. It expects steel demand to bounce back, resulting in higher prices. It also expects export opportunities to improve as export duty on steel has been scrapped.

In 2013, Maersk Line used a million ton of fuel less than we did in 2012, 12%. And since 2007, we have reduced our fuel consumption by around 30% per container. You know, back in 2007 we set the target that by 2020 we would reduce fuel consumption by 25%, that target we have already reached in 2012.

The Russia-Ukraine war continued to impair cargo capacity used to serve Europe as several airlines based in Russia and Ukraine were key cargo players. African airlines saw cargo volumes decrease by 1.5 per cent in April 2022 compared to April 2021. All regions except for Latin America posted declines in April 2022 compared with a year ago, with the most notable drop seen among the Middle Eastern and European carriers, down 11.6 and 14.6 per cent respectively. Latin America stood with a 13.8 per cent increase from a year ago, as airlines in this region have shown optimism by introducing new services and capacity. It has strong financials and highly committed team of experienced and skilled manpower with in-depth knowledge of multi modal logistics business. Maersk, one of the world’s biggest container shippers with a market share of around 17%, said freight rates fell by nearly a quarter in the fourth quarter versus the previous three months.

For example, if in a gain share agreement, we can reduce shipping costs through better equipment utilization, a portion of this value created would flow to our company. LCL product containers where Damco acts as the consolidator/ co-loader on behalf of customers. Vessel Repair Entry is the law known as the « Foreign Vessel Repair Statute ». All equipment, parts or materials purchased, and repairs made outside the United States must be declared on Customs Form 226 (CF-226) and filed at the port of first arrival within 5 working days.