Freight Trends Global - Page 12 of 57 -

Railway News West Africa

China Funds $254.76 Million for Nigeria’s Kaduna-Kano Railway

January 14, 2025January 14, 2025 Constance Makungu

The China Development Bank has approved a $254.76 million loan to Nigeria for the construction of the Kaduna-Kano railway, part of the country’s larger railway modernization efforts under the Lagos-Kano initiative. This development is a significant milestone in China’s involvement in Nigeria’s infrastructure development and its Belt and Road Initiative (BRI). The Kaduna-Kano railway project was launched in July 2021 by then-President Muhammadu Buhari in Kano State. It is envisioned

Read the full article

Railway News Southern Africa

TRIM Prepares for Private Rail Operator Integration Amid Challenges

January 13, 2025January 13, 2025 Constance Makungu

South Africa’s Transnet Rail Infrastructure Manager (TRIM) is set to allocate its first route slots to private train operating companies (TOCs) following the release of the long-awaited Network Statement in December. This move marks a significant step toward opening the country’s rail network to third-party operators. The Network Statement, which will be updated annually on April 1, introduces a differentiated access tariff regime with rates based on commodity types and

Read the full article

Shipping News Southern Africa

MSC Establishes Walvis Bay as Southern Africa’s Transshipment Hub

January 13, 2025January 13, 2025 Constance Makungu

Mediterranean Shipping Company (MSC) has announced significant updates to its North West Continent (NWC) to South Africa service, alongside the introduction of two new shuttle services. These developments position the Port of Walvis Bay in Namibia as a critical transshipment hub for the region. In a recent statement, MSC confirmed its commitment to enhancing its Southern African network to facilitate seamless trade between Africa, Europe, and other global markets. Key

Read the full article

Shipping News Southern Africa

Reopening of Bunkering in Algoa Bay Set to Transform South Africa’s Maritime Industry

December 19, 2024December 19, 2024 Constance Makungu

The reopening of bunkering in Algoa Bay represents more than just a return to business; it’s an opportunity to reshape South Africa’s position within the global maritime industry. By drawing on past lessons and embracing new opportunities, Algoa Bay has the potential to become a leading model for sustainable and efficient offshore bunkering. This vision, according to Durand Naidoo, CEO of Linsen Nambi, can be realized through close collaboration among

Read the full article

Road Freight Southern Africa

AfDB Approves $165 Million Loan to Boost Madagascar’s Trade Corridors

December 19, 2024December 19, 2024 Constance Makungu

The African Development Bank Group (AfDB) has approved a $165 million loan to Madagascar to develop critical trade corridors and strengthen regional connectivity. The funding, sanctioned on December 11 in Abidjan, will finance the third phase of an infrastructure project aimed at enhancing trade routes across the country. Adam Amoumoun, the AfDB’s country manager for Madagascar, stated that the financing would come from the African Development Fund, the concessional lending

Read the full article

Ports & Terminals Shipping News

CMA CGM-Eurogate Partnership for Hamburg Port Expansion Falls Through

December 19, 2024December 19, 2024 Constance Makungu

A proposed partnership between French shipping giant CMA CGM and German port operator Eurogate to develop a new terminal in Hamburg has reportedly collapsed, according to shipping analyst Alphaliner. The collaboration centered on the Westerweiterung project, a 24-hectare expansion of Eurogate’s Burchardkai facility aimed at significantly increasing the port’s capacity. While Hamburg officials had encouraged Eurogate to partner with a shipping line for the project, negotiations with CMA CGM failed

Read the full article

Ports & Terminals Shipping News Southeastern Africa

FFS Tank Terminals Secures 25-Year Concession for Liquid Bulk Terminal at Cape Town Port

December 19, 2024December 19, 2024 Constance Makungu

The Transnet National Ports Authority (TNPA) has appointed FFS Tank Terminals (Pty) Ltd as the preferred bidder for the acquisition, operation, maintenance, refurbishment, construction, and transfer of a R195 million Liquid Bulk Terminal at the Port of Cape Town. The terminal, located in the port’s Liquid Bulk Precinct, will be managed by FFS Tank Terminals under a 25-year concession agreement. Announcing the decision on Thursday, TNPA stated that the company

Read the full article

Shipping News Southern Africa

Shipwreckers Event Raises R33,000 for Charity

December 19, 2024December 19, 2024 Constance Makungu

The annual Shipwreckers charity event, a highlight on South Africa’s logistics calendar, once again succeeded in raising significant funds for deserving causes. Held in November, the event raised R33,000 to support various beneficiaries. Organized by Land and Sea Shipping, this year’s gathering took place at the Jozi Gin Bar in Bryanston. Themed “Great Gatsby,” attendees from across the transport and supply chain industry embraced the occasion in dazzling 1920s-inspired attire,

Read the full article

Road Freight Southern Africa

Lebombo Border Reopens Amidst Ongoing Unrest in Mozambique

December 19, 2024December 19, 2024 Constance Makungu

The Lebombo border with Mozambique has reopened to travelers, but with limited operations, according to an announcement by the Border Management Authority (BMA) on Thursday. Jane Thupana, the BMA’s acting commissioner, confirmed that pedestrian and small vehicle processing resumed on a restricted scale. Statistics showed that 7,471 travelers were processed on December 11, reflecting a 50% drop in movement compared to the same period in 2023. This partial reopening follows

Read the full article

America Ports & Terminals Shipping News

Trump Backs Longshoremen’s Fight Against Automation at US Ports

December 19, 2024December 19, 2024 Constance Makungu

President-elect Donald Trump has publicly expressed strong support for the International Longshoremen’s Association (ILA) in its opposition to the introduction of automation in the nation’s ports. In a statement on his social media platform, Truth Social, Trump announced his solidarity with the ILA’s stance during its ongoing contract negotiations with international shipping lines and terminal operators. These negotiations reached a stalemate in November when the US Maritime Alliance (USMX) proposed

Read the full article

Grid Posts News