Aliko Dangote, President of Dangote Group, has announced plans to build Nigeria’s largest seaport at the Olokola Free Trade Zone (OKFTZ) in Ogun State. He made the revelation on Monday during a courtesy visit to Governor Dapo Abiodun. “We initially abandoned our investment plans in the Olokola Free Trade Zone, but due to Governor Abiodun’s investor-friendly policies, we are back. We will collaborate with the government to develop the country’s
Category: Ports & Terminals
Mozambican Ports Handle 70,170 Tonnes in 2024 Despite Maputo’s Decline
Mozambican ports handled 70,170 tonnes of cargo in 2024, marking a 10.7% increase from 2023, despite a slight decline in traffic at the Port of Maputo, which accounted for nearly half of the total volume, according to official data compiled by Lusa. Cargo movement at the ports of Beira and Nacala grew by 12.9% and 13.6%, respectively, while Maputo saw a marginal decline of 0.3% compared to the previous year.
Tanzania and Kenya Compete for Hub Status as Port Expansion Drives Regional Growth
Port expansion efforts, both underway and planned, are intensifying competition among operators as they vie for key hub status to support the growing integration of the region into global supply chains. The primary contenders in this race are Tanzania and Kenya. Tanzania’s plans have gained significant momentum with the European Union (EU) investing EUR 15 million into the Tanzania Trade and Transport Improvement Project, which is set to launch in
Malaysia’s Single-Window System Reduces Port Klang Congestion and Boosts Efficiency
The introduction of the Malaysia Maritime Single Window (MMSW) system at Port Klang earlier this month has significantly alleviated congestion at one of Asia’s major ports, which had been struggling with volume spikes caused by disruptions in maritime traffic through the Red Sea. Prior to the MMSW’s launch on February 17, Port Klang had faced operational challenges due to an influx of container vessels rerouting around the Cape of Good
Maputo Port Takes Major Step in $2 Billion Expansion to Boost Regional Trade
Maputo Port in Mozambique has launched the first phase of its ambitious $2 billion development project, marking a significant milestone in its goal to become a key regional shipping hub. The $164 million first phase, which began on January 27, aims to double the port’s container-handling capacity within two years. The expansion will increase its capacity from 255,000 twenty-foot equivalent units (TEUs) annually to 530,000 TEUs, supporting growing trade volumes
Durban Container Terminals Expands Fleet to Boost Port Efficiency
Durban Container Terminals (DCT) has received a new fleet of straddle carriers and rubber-tyred gantry (RTG) cranes worth R892 million. These are among the first of 100 cargo-handling machines set to arrive this year as part of Transnet’s broader investment in port infrastructure. Speaking at the unveiling event at the Port of Durban, Transnet CEO Michelle Phillips described the equipment delivery as a “game changer” that will significantly improve operational
Transnet Increases Resources to Boost Cape Town Container Terminal Efficiency
Transnet Port Terminals (TPT) has ramped up resources at the Cape Town Container Terminal (CTCT) by deploying additional cranes and personnel to counter productivity losses caused by strong winds. In a statement on Wednesday, TPT reported that adverse weather over the past two weeks resulted in over 200 lost operational hours, leaving 12 vessels waiting at anchor. Wind speeds reached between 100 km/h and 120 km/h, exceeding the 80 km/h
Angola Inaugurates Barra do Dande Ocean Terminal’s First Phase
Angolan President João Lourenço has inaugurated the first phase of the Barra do Dande Ocean Terminal, a major development in the country’s oil and gas logistics infrastructure. The terminal will bolster Angola’s energy trade and enhance national oil company Sonangol’s fuel storage capacity. The terminal features 29 storage tanks with a combined capacity of 580,000 cubic meters for gasoline, diesel, and gas. A 1,700-meter jetty allows the facility to accommodate
AD Ports Group Launches $250M Investment to Modernize Luanda Terminal and Logistics Hub
AD Ports Group (ADX: ADPORTS), a global leader in trade, logistics, and industry, has officially commenced the long-term management and development of a major multipurpose terminal and logistics business in Luanda, Angola. In partnership with Angolan firms Unicargas and Multiparques, the initiative aims to modernize port operations and strengthen regional trade networks. The Noatum Ports Luanda Terminal, Angola’s largest port, handles 76% of the country’s container and general cargo, serving
Eiffage Secures €100 Million Contract to Expand DRC’s Port of Matadi
French civil engineering firm Eiffage has been awarded a contract to renovate and expand the container terminal at the Democratic Republic of the Congo’s (DRC) Port of Matadi. The contract, valued at over €100 million, was secured through Eiffage’s subsidiary, Eiffage Génie Civil Marine. Located 150km upstream from the mouth of the Congo River, the Port of Matadi is the DRC’s primary port, handling 90% of the country’s container imports,