Mozambique’s ports saw a significant uptick in cargo handling in 2023, totaling over 63,000 tons, marking a notable 12.3% increase compared to the previous year. According to data obtained by Lusa, nearly half of this traffic flowed through the port of Maputo. The report from the Ministry of Economy and Finance highlighted the contrasting performances of various ports. Maputo, the country’s largest port, handled more than 31.2 thousand tons of
Category: Ports
LME plans to list Saudi Port as a copper and zinc delivery point
The London Metal Exchange (LME) plans to list Jeddah, a Saudi Arabian Red Sea port city, as a new delivery point for copper and zinc subject to consultation on a technical change to the LME’s warehouse location framework, it said on Tuesday. The warehouses, registered with the LME, the world’s largest and oldest metals trading venue, are usually located in areas of net metals consumption or top transit hubs such
Fuel Costs Expected to Drop as Port Harcourt Refinery Resumes Operations
Fuel costs in Nigeria are anticipated to decrease once the Port Harcourt Refinery recommences operations, according to the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN). The national petroleum company of Nigeria has pledged that the refinery will be operational within two weeks, prompting preparations by marketers to receive products from the facility. Both IPMAN and MEMAN have urged the Nigerian National
AD Ports Group Hosts Iraqi Delegation to Bolster Bilateral Economic Ties
AD Ports Group (ADX: ADPORTS), a prominent global facilitator of logistics, industry, and trade, recently hosted an esteemed Iraqi delegation led by His Excellency Mr. Razzaq Muhaibas Al-Saadawi, Iraq’s Minister of Transport, alongside influential figures from various sectors. The meeting, held at Abu Dhabi’s Khalifa Port, focused on crucial projects aimed at enhancing international transport, logistics services, economic cooperation, and mutual interests. The bilateral discussions, attended by His Excellency Suhail