Global Shipping Carrier Profits Jump 58% as Freight Market Conditions Improve

Shipping Carrier Profits Surge 58% as Freight Market Strengthens Global shipping carriers recorded a 58% increase in profits, highlighting a significant improvement in financial performance across the container shipping industry. The sharp rise comes as carriers continue to benefit from stronger freight rates and changing conditions across major international trade routes. Higher revenues have helped offset elevated operating costs associated with longer sailing distances, vessel diversions and ongoing disruptions across

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Maersk Introduces R24,000 Import Surcharge Amid Rising Shipping Costs

Maersk Introduces R24,000 Import Surcharge as Shipping Costs Rise Maersk is introducing an additional R24,000 import surcharge on selected cargo as ongoing disruptions and rising operational costs continue to put pressure on global shipping. The new charge will increase the cost of importing affected shipments into the region, adding further pressure to businesses already facing elevated freight, logistics and supply-chain costs. The surcharge comes as shipping lines continue to navigate

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Botswana Railways Partners with Ntokoto Holdings to Strengthen Mining and Logistics

Botswana Railways and Ntokoto Holdings Join Forces to Support Mining and Logistics Growth Botswana Railways has entered into a strategic partnership with Ntokoto Holdings to strengthen the country’s mining and logistics sectors and improve the movement of minerals and other commodities through Botswana’s rail network. The partnership is aimed at developing more efficient rail-based logistics solutions for the mining industry, with a particular focus on improving the transportation of bulk

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Trans-Kalahari Corridor Emerges as a Strategic Trade Route for Southern Africa

Trans-Kalahari Corridor Strengthens Southern Africa Trade and Regional Connectivity The Trans-Kalahari Corridor is becoming increasingly important to Southern Africa’s regional trade and logistics network, providing a strategic route linking landlocked countries to international markets through the ports of Namibia. The corridor connects Botswana, Namibia and South Africa, stretching from the Namibian port of Walvis Bay through Botswana to South Africa. It provides an alternative route for the movement of cargo

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Transnet Plans Major Property Sell-Off to Unlock Value from Surplus Assets

Transnet Plans Major Property Sale as It Moves to Unlock Value from Assets Transnet is preparing a major sell-off of surplus and underutilised property as the State-owned logistics company seeks to unlock value from its extensive property portfolio and strengthen its financial position. The planned disposal forms part of a broader strategy to improve the utilisation of Transnet’s assets and generate additional revenue while focusing resources on its core role

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Global Port Congestion Ties Up 18.5 Million TEUs of Shipping Capacity

Global Port Congestion Keeps 18.5 Million TEUs of Capacity Tied Up Global port congestion is continuing to put pressure on the shipping industry, with an estimated 18.5 million TEUs of container capacity currently tied up in ports around the world. The congestion is limiting the effective availability of container ships and reducing the amount of capacity that can be deployed across global trade routes. The situation is particularly significant for

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DRC President Reassures on $1.26 Billion Dilolo-Sakania Railway Concession

DRC Secures $1.26bn Railway Investment as Tshisekedi Clarifies Dilolo-Sakania Concession DRC President Félix Tshisekedi has reassured the public that the concession of the Dilolo-Sakania railway line will not privatise the state-owned railway company or create a monopoly, as the government moves to attract major investment to modernise the strategic rail corridor. Tshisekedi’s remarks follow the signing of a 30-year concession agreement between the DRC government and Mota-Engil Engenharia e Construção

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Zambia Deploys Advanced X-Ray Cargo Scanners at Livingstone Border

Zambia Signs Deal for Advanced X-Ray Cargo Scanner at Livingstone Border to Boost Trade and Security The Zambia Revenue Authority (ZRA) has signed a contract with US-based Astrophysics Inc. to supply, install and commission advanced X-ray cargo scanning technology at the Livingstone Border Post, one of Southern Africa’s busiest trade crossings. The drive-through scanner will enable customs officers to inspect trucks and cargo more efficiently, accurately and safely, helping to

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Angola Secures €665 Million Financing for Luena-Saurimo Railway Project

Angola Secures €665 Million for Luena-Saurimo Railway Linking Mining Regions to Lobito Corridor Angola has authorised financing of up to €665 million to support construction of the 260-kilometre Luena-Saurimo railway line, a major infrastructure project designed to strengthen rail connectivity between eastern Angola and the Benguela Railway and Lobito Corridor. The financing is backed by three European export credit agencies  UK Export Finance (UKEF), Poland’s KUKE and Dutch ECA Atradius

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TRIM Seeks Private-Sector Partners to Revitalise 9,000km Rail Network

TRIM Seeks Private Partners to Revitalise 9,000km of South Africa’s Rail Network South Africa’s Transnet Rail Infrastructure Manager (TRIM) is seeking private-sector partners to help commercialise and revitalise approximately 9,000 kilometres of rail lines across the country. The initiative targets the B Network, which consists largely of lower-volume, underutilised or dormant rail lines outside the country’s priority freight corridors. TRIM sees the network as an opportunity to attract private investment,

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