DRC Expands ONATRA Rail Fleet as River Transport Modernisation Advances
Botswana and Angola Target Trade Growth by Removing Cross-Border Transport Barriers
Lobito Corridor targets major freight increase as rail investment accelerates
Hapag-Lloyd Revises $4.2 Billion ZIM Deal to Protect Israel’s Strategic Shipping Routes
DRC Launches SYGREM to Digitise Freight Management and Strengthen Cargo Tracking
Global Shipping Carrier Profits Jump 58% as Freight Market Conditions Improve
Maersk Introduces R24,000 Import Surcharge Amid Rising Shipping Costs
Botswana Railways Partners with Ntokoto Holdings to Strengthen Mining and Logistics
Trans-Kalahari Corridor Emerges as a Strategic Trade Route for Southern Africa
Transnet Plans Major Property Sell-Off to Unlock Value from Surplus Assets
A cargo ship has sunk two weeks after being attacked by Houthis in the Gulf of Aden. Yemen’s government said the Rubymar was drifting and taking on water for days before it sank. It is the first ship to have been sunk by the Iran-backed rebels in Yemen since they began targeting vessels in the Red Sea. The ship was reportedly carrying fertilisers and experts say the sinking risks “an
The Chennai Railway Factory has introduced a groundbreaking innovation in the realm of train travel with the unveiling of a new premium rail coach. This new coach promises to redefine the passenger experience by offering luxurious amenities previously unseen in traditional train compartments. Equipped with modern features such as attached bathrooms and conference rooms, this premium rail coach represents a significant leap forward in terms of comfort and convenience for
Menzies Aviation, the world’s largest aviation services company, has been selected by South African Airways (SAA) to manage all SAA Cargo terminal operations at OR Tambo International Airport in Johannesburg, Cape Town International Airport, and Port Elizabeth International Airport. The appointment, initiated on December 1, 2022, with operations beginning in Cape Town, marks a significant step in SAA’s restructuring process post-business rescue. Professor John Lamola, SAA’s chairperson and CEO, emphasized
Durban’s air cargo industry is experiencing a gradual resurgence, with a 55% recovery in business attributed to the return of international and domestic airlines. This resurgence has resulted in a 67% rebound in network traffic at King Shaka International Airport. Since April 2022, the Dube TradePort Cargo Terminal has processed 10,997 tonnes of cargo, marking a 31% increase from the previous year. Ricardo Isaac, Senior Manager of Cargo Development and
Still basking in the euphoria of building the first ever e-commerce cargo terminal in Africa in its Addis Ababa hub, Ethiopian Airlines may consider replicating a similar feat in Nigeria, Africa most populous country. Speaking at the inauguration of the of the e-commerce terminal in Addis Ababa, Group Chief Executive Officer, Ethiopian Airlines, Mesfin Tasew said the newly constructed e-commerce logistics hub was built by Ethiopian Airlines Group to facilitate
Lemma Yadecha Gudeta, the Group Chief Commercial Officer (GCCO) of Ethiopian Airlines, highlighted the significance of the Single Africa Air Transport Market (SAATM) in enhancing air connectivity across the continent. In an interview in Addis Ababa, Yadecha Gudeta emphasized that SAATM, as an African Union (AU) initiative aimed at establishing a free airspace in Africa, presents a pivotal opportunity for African airlines to thrive. Ethiopian Airlines has been at the
Nigeria would begin selling some of its products to some of the regional markets with which it has had relatively loose economic ties. The West African country has officially green-lit the sale of locally produced goods to South Africa, Rwanda, Cameroon, and Kenya. Exportation is scheduled to commence by April under an initiative from the African Continental Free Trade Area (AfCFTA). A report seen in the Nigerian newspaper The Punch
Russia has increased its fuel exports to Senegal, according to traders and data from financial information company The London Stock Exchange Group (LSEG). Oil supplies to Senegal hit 550,000 metric tons in the first two months of 2024 alone. In comparison, exports totaled 1.08 million tons for the entirety of 2023 and 0.37 million tons for 2022. LSEG attributes the rise in exports to heightened demand for bunker fuel as
Gebrüder Weiss, the international transport and logistics company, reported a net revenue of 2.47 billion euros for the fiscal year 2023, marking a decline from the previous year’s 3 billion euros. Despite this, the company remained above its growth trend observed between 2015 and 2020, demonstrating resilience amid economic fluctuations. The effects of the COVID-19 pandemic that impacted the two preceding years did not persist in 2023. Net revenue in
Transnet’s board has given the green light for the finalization of the contract to operate Durban Container Terminal 2, which will be awarded to the preferred bidder, Philippine terminal operator ICTSI. The completion of the financial close is pending other non-financial processes, Transnet’s chairperson of the Board of Directors, Andile Sangqu, announced on Friday. ICTSI was selected as the preferred bidder in July 2023, and after completing financial due diligence
