Freight Trends Global - Page 60 of 100 -

Tridock Shipyard Namibia Unveils $728 Million Drydock Project in Walvis Bay

November 21, 2024November 21, 2024 Constance Makungu

Tridock Shipyard Namibia (Pty) Ltd has announced a landmark $728 million investment to develop a state-of-the-art drydock facility in Walvis Bay. The project aims to strengthen the maritime sector along Africa’s western coast, addressing the growing demand for vessel maintenance and repair services as maritime traffic in the region continues to increase. In its initial stages, the drydock is projected to generate $150 million (N$2.7 billion) annually, with potential revenue

Read the full article

Road Freight Southern Africa

Walvis Bay Corridor Facilitates Landmark Transport of 50-Meter Oxygen Plant to Zambia

November 21, 2024November 21, 2024 Constance Makungu

The Walvis Bay Corridor Group (WBCG) has proudly facilitated the successful transport of a 50-meter oxygen plant container to Solwezi, the capital of Zambia’s North-Western Province, renowned for its mineral wealth. This monumental logistical achievement involved moving the 171-ton oxygen plant, sourced from Malaysia, along the 2,900-kilometer Walvis Bay-Ndola-Lubumbashi Development Corridor. The journey began at Namibia’s Port of Walvis Bay, a critical logistics hub for Southern Africa. Known for its

Read the full article

Railway News Southern Africa

Angola’s Lobito Atlantic Railway Expands with Arrival of 275 New Container Wagons

November 20, 2024November 20, 2024 Constance Makungu

The first batch of 275 new container wagons, purchased from South Africa’s Galison Manufacturing, has arrived in Lobito, Angola, to enhance the transport capacity of the Lobito Atlantic Railway (LAR). This strategic investment is part of LAR’s broader expansion and modernization plan, aimed at boosting railway infrastructure over the next three years. Arriving earlier this week, the new wagons are equipped with a modern pneumatic braking system and a lightweight

Read the full article

Railway News Southern Africa

U.S.-China Collaboration Along Africa’s Lobito Corridor Could Unlock Green Growth Potential

November 12, 2024November 12, 2024 Constance Makungu

Originally scheduled for October 13-15, President Joe Biden’s visit to Angola was set to be historic—the first by a sitting U.S. president to an African nation in nearly a decade. While Hurricane Milton delayed the trip, the urgency to reschedule remains high due to its strategic significance, emphasizing Africa’s growing role in global economics. Angola, along with regional neighbors Zambia and the Democratic Republic of Congo (DRC), is emerging as

Read the full article

East Africa Ports & Terminals

KRA System Outage at Mombasa Port Stalls Operations

November 8, 2024November 8, 2024 Constance Makungu

A sudden breakdown in the Kenya Revenue Authority (KRA) system has brought operations at the Port of Mombasa to a standstill, causing significant financial losses. Kenya’s tea sector, which typically generates around $25 million (Sh3.2 billion) per week by exporting roughly 150 tea containers daily, has been particularly affected, with a backlog of 750 containers now stranded at the port. Exporters are incurring heavy losses from mounting demurrage and logistics

Read the full article

Air Freight Central Africa

Congo Airways Resumes Operations, Boosting National Connectivity

November 8, 2024November 8, 2024 Constance Makungu

Congo Airways, the national airline of the Democratic Republic of Congo, has officially announced its return to the skies, with the first flight scheduled for November 10, 2024. In a press release, the airline’s management expressed gratitude to the Congolese Government, the National Social Security Fund (CNSS), and the airline’s dedicated staff for their collective efforts in making this long-anticipated relaunch possible. The resumption of Congo Airways flights is a

Read the full article

Ports & Terminals Southern Africa

Grindrod Halts Mozambique Port Operations Amid South Africa Border Closure and Unrest

November 7, 2024November 7, 2024 Constance Makungu

Logistics company Grindrod has suspended port and terminal operations in Mozambique following South Africa’s temporary closure of the main border with its northeastern neighbor. The border closure was enacted over safety concerns due to violent post-election protests in Mozambique, which human rights organizations report have resulted in at least 18 deaths. The suspension is expected to impact goods and commodities transport in a region already grappling with logistical bottlenecks. State-owned

Read the full article

Ports & Terminals Shipping News

DP World Unveils £1-Billion Expansion to Transform London Gateway into UK’s Largest Container Port

October 31, 2024October 31, 2024 Constance Makungu

Global logistics leader DP World has announced a £1-billion expansion of London Gateway, set to establish it as Britain’s largest container port within five years. The investment will fund the construction of two additional shipping berths, bringing the port’s capacity to six berths capable of accommodating the world’s largest container vessels. Additionally, a second rail terminal will be constructed to support the anticipated growth in containerized trade. By the end

Read the full article

Air Freight Southern Africa

SARS Approves Year-Long Jet Fuel Importation to Prevent Holiday Airport Fuel Crisis

October 31, 2024October 31, 2024 Constance Makungu

South African Revenue Service (SARS) Commissioner Edward Kieswetter has authorized a special year-long exemption to allow the importation of jet fuel, preventing a potential supply shortage at OR Tambo International Airport and other major airports over the busy December travel period. The exemption, effective from October 21, 2024, to October 20, 2025, comes after concerns were raised by the fuel industry about a looming shortage of jet fuel, or aviation

Read the full article

East Africa Railway News

Yapi Merkezi Secures $3 Billion Contract for Major Railway Project in Uganda

October 31, 2024October 31, 2024 Constance Makungu

Turkish engineering firm Yapi Merkezi has won a $3 billion contract to construct a 272-kilometer railway line connecting Kampala to Malaba, a key Ugandan border point with Kenya, the country’s preferred route for port access. This project marks one of the most substantial international undertakings for a Turkish construction company. Perez Wamburu, coordinator of Uganda’s Standard Gauge Railway (SGR) project, shared that this agreement covers the first phase of a

Read the full article

Grid Posts News