Thai Moçambique Logistica (TML) is reviving its initiative to construct a coal port in Macuse, Mozambique, near the Zambezi River mouth. Despite the waning interest in Mozambique’s coal industry, TML is committed to proceeding with its long-term investment, having secured US$500 million for the project. Construction is slated to begin in mid-2024 on a 5.3 square kilometer parcel of land designated for the port, as reported by Bulk Materials International.
Author: Constance Makungu
Israel seeks to buy Cypriot port
Israel’s Ministry of Transport is planning to purchase a port in Cyprus to provide a checkpoint to inspect aid destined for the Gaza Strip. According to Israeli newspaper, Yedioth Ahronoth, Minister Miri Regev dispatched a delegation led by the head of the government-owned Israel Ports Company, Uzi Itzhaki, and members of the Shipping and Seaports Authority to Cyprus on Monday. The delegation has been instructed to consider opportunities to buy
IATA Certifies Cathay Cargo Terminal and HACTL for Environmental Excellence
The International Air Transport Association (IATA) has announced the full certification of Cathay Cargo Terminal and Hong Kong Air Cargo Terminals Limited (HACTL) through its Environmental Assessment (IEnvA) programme. This certification was revealed during the World Cargo Symposium in Hong Kong (SAR) this week, where Cathay Cargo Terminal and HACTL became the first cargo handlers from North Asia to achieve IEnvA certification. With this announcement, the total number of companies
South African Ports Regulator and B-BBEE Commission Unite to Advance Sector Transformation
The Ports Regulator of South Africa (PRSA) and the Broad-Based Black Economic Empowerment (B-BBEE) Commission have signed a Memorandum of Understanding (MoU) to address transformation in the ports sector. The MoU facilitates the exchange of information, strategies, expertise, and research related to B-BBEE and transformation, aiming to bolster economic empowerment within the sector. According to a joint statement, the partnership seeks to tackle the slow pace of transformation, citing statistics
Revitalization Efforts Propel Port of Cape Town Towards Economic Growth
The Port of Cape Town is experiencing a resurgence, propelled by enhanced management, collaborative efforts, and continuous upgrades. Efforts to prioritize equipment availability and streamline operational processes have significantly improved efficiency, while investments in staff capacity have boosted productivity. Industry stakeholders in the Cape region have applauded these advancements, acknowledging the progress made while recognizing the ongoing journey towards improvement. Terry Gale, chairman of Exporters Western Cape, highlighted the positive
US Cargo Imports Surge Amid Supply Chain Adaptations
The latest data from the Global Port Tracker report, released by the National Retail Federation and Hackett Associates, indicates an increase in import volumes at major container ports in the United States. This growth comes as the supply chain adapts to ongoing disruptions caused by Houthi rebel attacks on commercial vessels in the Red Sea. Jonathan Gold, NRF Vice President for Supply Chain and Customs Policy, highlighted retailers’ efforts to
Qatar Airways Expands Service to Nigeria with New Routes to Kano and Port Harcourt
Qatar Airways is enhancing its presence in Nigeria with the introduction of four weekly flights to Kano (KAN) in Northern Nigeria starting on March 2nd, and three weekly flights to Port Harcourt (PHC) beginning March 3rd. Both routes will operate via the country’s capital, Abuja. As reported by m.gulf-times.com, the airline currently offers two daily flights to Lagos and four weekly flights to Abuja, which will be increased to a
Senegal’s Ndayane Port Project Spurs Economic Growth
Senegal anticipates robust GDP growth of 9.2% with the onset of oil and gas production in 2024, paving the way for an average annual growth rate of 5.8% from 2025 to 2028. To support this growth trajectory, the government is prioritizing sectors crucial for hydrocarbon development and economic transformation. Aligned with its Emerging Plan for 2035, Senegal is poised to evolve into an integrated and competitive logistics hub. Efforts to
Angola’s Lobito Corridor attracts financial aid to 370 companies
Angola is poised to embark on a transformative journey with the launch of the “Diversifica Mais” project aimed at bolstering economic growth and job creation. Spearheaded by the Ministry of Planning, this initiative will provide financial aid and technical support to businesses operating along the Lobito Corridor, a vital economic artery in the country. The project director, Laércio Cândido, unveiled the ambitious plan, which will extend until 2029, focusing on
Global Interest Grows in Angola’s Airport Concession
Several international companies have submitted proposals to the government for the concession of management rights for the “Dr. António Agostinho Neto” International Airport (AIAAN). In recent days, these companies have conducted prospecting visits to assess the infrastructure’s potential and business opportunities. According to the Ministry of Transport, four European and American companies with expertise in airport management have acquired the specifications for the concession tender. They have also conducted technical