In addition to the $226 million INFRA Grant, the US Department of Transport recently awarded Port NOLA $73.77 million through its MEGA Grant programme, totalling $300 million in federal grant dollars to support the first construction phase of the $1.8 billion container terminal. The recent federal awards are in addition to significant private industry partner commitments as well as the State of Louisiana, and Port NOLA. LIT has also garnered
Author: Constance Makungu
Chile becomes first country to ratify the UN High Seas Treaty
On 16 January Chile’s Senate unanimously approved the High Seas Treaty, officially known as the Biodiversity Beyond National Jurisdiction Treaty (BBNJ). The treaty sets up a procedure to establish large-scale marine protected areas in the high seas, which cover nearly two-thirds of the world’s oceans, aiming at reaching the target of conserving 30% of land and sea by 2030. Some 84 countries have signed the treaty marking their commitment to
Port of LA handles 13% less containers in 2023
Despite seeing a 13% drop in throughput overall for 2023 the US West Coast gateway port saw volume growth pick-up again in the final five months of the year. In December the Port of LA handled 747,355 teu, up 2.5% year-on-year, and the fifth consecutive month of year-on-year growth. The Port of LA remained the largest container in the US for the 24th year running. “In 2024, our sights are set
Port of LA Faces Decline in Monthly Volumes Despite June Improvement
The Port of Los Angeles, which experienced a slight recovery in June with volumes down by only 5% year-on-year compared to a significant 43% drop in February, has encountered a reversal in the latter half of the year. In July 2023, the Port of LA reported handling 684,290 TEU, marking a considerable decrease of 26.85% compared to the same month in 2022. This decline follows a drop from June 2023
Angola’s ANTT and UIC Forge Partnership to Enhance Railway Sector
Enio Costa, President of the Board of Directors (PCA) of the National Land Transport Agency (ANTT), held discussions with Christian Chavanel, Director of Systems and Coordinator for Africa of the International Railway Union (UIC), in Luanda on Monday. The meeting aimed to discuss restructuring processes and enhancing technical capacity in response to investments aimed at boosting the national railway sector. Costa emphasized the need for technical training for staff, particularly
Republic of Congo: Eni to Launch First LNG Carrier
The Republic of the Congo is preparing to make its first LNG shipment from its Tango FLNG facility. The cargo is currently being loaded and will be delivered to the Piombino regasification terminal in Italy in the coming days. The announcement was made by energy supermajor Eni on February 27 during a launch ceremony in Pointe Noire in the presence of the Republic of the Congo’s President Denis Sassou N’Guesso,
Angola’s SGA and Changi Airports International Forge Partnership to Enhance Regional Airports
Angola’s Airport Management Company (SGA Angola) and Singapore’s renowned airport consulting firm, Changi Airports International (CAI), have inked a pivotal two-year partnership aimed at optimizing the operational efficiency and profitability of 16 regional airports across southern Africa. The collaboration entails CAI leveraging its extensive experience to bolster air traffic development at Angola’s airports, with a strategic focus on enhancing domestic and regional connectivity. Additionally, the partnership will spearhead targeted marketing
TAAG Angola Airlines Renews Long-Term Boeing 747-400 Freighter Contract
TAAG Angola Airlines and Network Airline Management are pleased to announce the renewal of their long-term freighter aircraft contract, sealing their ongoing partnership for the foreseeable future. Resuming its regular weekly scheduled service from Liege, Belgium, to the capital of Angola, Luanda, NAM provides a Boeing 747-400F aircraft with nose door capability offering up to 120,000 kilos cargo capacity. The weekly freighter will operate every Friday directly to the newly
Oil rises as attacks in Red Sea escalate
The price of oil is rising in major international markets due to fears of an increase in attacks on ships in the Red Sea. West Texas Intermediate (WTI), a reference for the United States, registered an increase of 0.44%, reaching 78.25 dollars per barrel. Meanwhile, North Sea Brent, crude oil traded in London and used as a reference for European imports, is rising 0.23%, reaching $83.22. Yemen’s Houthi rebels, supported
Maruti Auto Parts Shipped Faster with Innovative ‘Truck on Train’ Service
Three trucks loaded with Maruti auto parts, originally stored in Gurgaon and Manesar factories, embarked on a unique journey from New Rewari to Gujarat’s Palanpur, covering a distance of 700km in just 12 hours. This swift transit was made possible by loading the trucks onto wagons, a part of the ‘truck on train’ or roll-on, roll-off (RO-RO) concept, introduced by the Dedicated Freight Corridor Company India Limited (DFCCIL). Upon reaching