See Pg. 3
Vol. LXII No. 83 th FRIDAY 6 MAY 2022
E-Mail: dailyshipping@gmail.com
GANDHIDHAM : 215, Madhav Palace, Plot No.55, Sector - 8, Gandhidham - 370201 AHMEDABAD : C/407, Titanium City Centre, 100 ft.Anand Nagar Road, A’bad - 380015 MUMBAI : 113, Vindhya Commercial Cplx, Plot No. 1, Sector 11, CBD Bellapur, Navi Mumbai - 400614 +91-9601270613
hari@svlr.in
www.svlr.in
4 PAGE SUPPLEMENT WITH TODAY’S ISSUE
PM Modi urges Nordic Nations to invest in India’s Blue economy sector, including Sagarmala project COPENHAGEN: Prime Minister Narendra Modi on Wednesday, 4th May, invited Nordic companies to invest in the Blue Economy sector, including the Sagarmala project and asked the sovereign wealth funds of the Nordic countries to invest in India. As a part of Sagarmala Programme, more than 800 projects at an estimated cost of around Rs 5.48 lakh crore have been identified for implementation. Sagarmala projects include projects from various categories such as modernisation of existing ports and terminals, new ports, terminals, inland waterways, lighthouse tourism and skill development, etc. Cont’d. Pg. 2
Höegh Autoliners : Strong Q1 results A.P. Moller - Maersk reports record despite volatility & supply chain disruptions Q1 results while further developing OSLO: Höegh Autoliners had a strong first quarter despite customer relationships market volatility and supply chain disruptions. While volumes and utilisation were slightly down compared to the previous quarter due to seasonal fluctuations, the Company experienced further net rate increase and improved HH shares, reflecting continuously strong Cont’d. Pg. 6 underlying market.
APPOINTMENTS ...See Pg. 4
C O P E N H A G E N : A.P. Moller - Maersk (Maersk) delivered record results for Q1 2022 across its businesses, driven by higher rates and strong long-term partnerships with customers seeking end-to-end supply chain support. Revenue was up 55pct. to USD 19.3bn, EBITDA more than doubled to USD 9.1bn Cont’d. Pg. 6 and free cash flow increased to USD 6bn.