Freight Trends Global - Page 81 of 100 -

Air Freight

DHL Supply Chain partners with Omoda and Jaecoo

May 18, 2024May 18, 2024 Constance Makungu

DHL Supply Chain has been appointed by Omoda and Jaecoo UK in a new multi-year warehousing contract ahead of their UK debut. Both brands are built by one of China’s largest car manufacturers, Chery Automobile Co. Through the new contract, DHL will support aftermarket services for both Omoda and Jaecoo by storing spare parts, accessories and components including batteries for electric and hybrid vehicles. Leveraging sector expertise, DHL will provide

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Ports Shipping News Southern Africa

New Multi-Purpose Vessel Enhances Port of Cape Town’s Marine Fleet

May 17, 2024May 17, 2024 Constance Makungu

Transnet National Ports Authority (TNPA) is constructing a new multi-purpose vessel to enhance marine fleet availability at the Port of Cape Town. The keel-laying ceremony, a traditional milestone marking the start of construction, took place in Cape Town on Friday. In line with maritime tradition, a Mandela Peace Prize coin was placed under the keel to invite good fortune during construction and the vessel’s operational life. Damen Shipyards Cape Town

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Ports Shipping News

Port of Walvis Bay Advances with €250M Hydrogen and Ammonia Facility

May 17, 2024May 17, 2024 Constance Makungu

In a significant development for Namibia’s energy sector, the Port of Antwerp-Bruges has announced plans to develop a €250-million ($267 million) hydrogen and ammonia storage and export facility at the Port of Walvis Bay. This project marks another milestone in the growing cooperation between Namibia’s ports authority, Namport, and the Belgian port complex. In June 2022, Namport signed a memorandum of understanding (MoU) with its European partners to explore potential

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Ports Shipping News Southern Africa

Maersk’s Earnings Plunge Amid Prolonged Red Sea Crisis

May 17, 2024May 17, 2024 Constance Makungu

A prolonged crisis in the Red Sea has been identified as a significant factor behind AP Moller-Maersk’s sharp decline in earnings before interest, taxes, depreciation, and amortisation (EBITDA), which dropped 92% year-on-year (YoY) for the first quarter (Q1) of 2024. While gross revenue stood at $3.2 billion for Q1 in 2023, the line’s EBITDA fell to $1.5 billion. Excluding depreciation and amortisation, EBIT decreased to $117 million from $2.3 billion

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Ports Shipping News Southern Africa

Urgent Upgrades Needed to Boost Competitiveness of South African Ports

May 17, 2024May 17, 2024 Constance Makungu

Addressing the persistent equipment issues at South African ports is crucial for maintaining the competitiveness of the sea freight sector. Years of neglect and mismanagement of funds have led to significant capital expenditure shortfalls, creating substantial challenges in upgrading the necessary infrastructure. While borrowing funds remains an option, it exacerbates the country’s escalating debt levels. Peter Besnard, CEO of the South African Association of Ship Operators and Agents (Saasoa), underscores

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Railway News Southern Africa

Transnet Freight Rail Boosts Coal Train Frequency to Port of Richards Bay

May 16, 2024May 16, 2024 Constance Makungu

Transnet Freight Rail (TFR) has announced an increase in the number of GF-class coal trains moving cargo to the Port of Richards Bay, ramping up from 21 to 28 trains per week. The rail division’s initiative is part of Transnet’s Recovery Plan and aims to address truck congestion solutions identified during a stakeholder collaboration in November 2023. TFR’s objective is to reduce truck loads and shift volume from road to

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Air Freight Middle East

IATA Reports Strong Global Air Cargo Growth in March 2024

May 16, 2024May 16, 2024 Constance Makungu

The latest data from IATA reveals robust annual growth in global air cargo markets, with March 2024 showing promising figures. According to IATA’s report, total global demand measured in cargo tonne-kilometres (CTKs) surged by 10.3% compared to March 2023, marking the fourth consecutive month of double-digit year-on-year growth. International operations experienced an even stronger growth rate of 11.4%. Willie Walsh, IATA Director General, highlighted the significance of this growth, stating

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Railway News Southern Africa

Angola’s Transport Minister Sets Ambitious Plan to Link National Rail Corridors

May 16, 2024May 16, 2024 Constance Makungu

Ricardo D’Abreu, Angola’s Minister of Transport, has reiterated the government’s commitment to connecting the country’s three main national rail corridors, signaling a significant step towards enhancing transportation infrastructure. These corridors encompass the Northern Corridor, spanning the provinces of Luanda, Cuanza-Norte, and Malange; the Central Corridor, famously known as the Lobito Corridor, traversing Benguela, Huambo, Bié, and Moxico provinces; and the Southern Corridor, stretching from Moçâmedes in Namibe to Menongue in

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Air Freight Central Africa Southern Africa

FlyNamibia Expands Air Capacity to Meet Growing Demand in Lüderitz

May 16, 2024May 16, 2024 Constance Makungu

The burgeoning energy market growth in Lüderitz has spurred the need for expanded air capacity to facilitate daily service between Namibia’s capital, Windhoek, and the port city in the southwestern coastal desert region. Introduced by FlyNamibia last July, the service has already seen approximately 5,000 passengers flying between Windhoek and Lüderitz. French multinational TotalEnergies played a pivotal role in implementing the service, alongside its groundbreaking work in offshore exploration drilling.

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Ports Shipping News West Africa

Maersk Commits $600 Million to Upgrade Nigeria’s Port Infrastructure

May 16, 2024May 16, 2024 Constance Makungu

Danish shipping giant Maersk has announced a $600 million investment aimed at upgrading Nigeria’s port infrastructure, signaling a significant boost to the country’s maritime sector. The investment pledge was secured during a meeting between Nigerian President Bola Tinubu and Maersk chairman Robert Maersk Uggla at the World Economic Forum gathering in Saudi Arabia. Uggla expressed the company’s commitment to enhancing existing facilities and making ports more accommodating for larger vessels.

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