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
Africa Global Logistics (AGL) marked a significant milestone last week as it received the first cargo ship at the Port of Lobito in the Benguela province of Angola. The arrival of the ship at the general cargo terminal signals the formalization of AGL’s activities in operating the Multipurpose terminal at Porto do Lobito. Managed by the firm Seatrade, the cargo ship, measuring 169.37 meters long, brought 6,500 tons of rice
United States President JOE BIDEN’s Senior Advisor AMOS HOCHSTEIN has called for an accelerated path towards achieving a bankable concession agreement for the new Zambia-Lobito rail line. Mr. HOCHSTEIN says this must be aligned with host country laws, and coordinate additional investment projects that complement and benefit from the core transportation investment. He says the project will also come along with infrastructure investments in digital access, clean energy and energy
Qatar Airways Cargo’s Boeing 747F, registration A7-BGB, landed for the last time in commercial cargo service for QR Cargo as the airline fast-tracks its focus on greener flying. Arriving from Barcelona, Flight QR8807 touched down in Doha at 15:00 local time on Friday, 01 March, 2024. A7-BGB joined the Qatar Airways Cargo fleet on 26 September 2017. Over the past seven years, the two iconic freighter aircraft were deployed on
Ethiopian Airlines Group, the largest aviation group in Africa, and Boeing, a leading global aerospace company announced the signing of Memorandum of Understanding (MOU) for the purchase of the latest Boeing 777-9 airplanes. The agreement includes the purchase of eight 777-9 passenger airplanes and the potential for up to 12 additional jets by Africa’s largest airline, Ethiopian. Ethiopian Airlines’ selection of the 777X positions the carrier as the first 777X
Ethiopian Airlines Group, the largest airline group in Africa and one of the fastest growing airlines brand globally, proudly announced the launching of its state-of-the-art e-commerce logistics facility in a grand event last week. The Ethiopian e-commerce facility is located inside the Ethiopian Cargo & Logistics premises. The newly built facility, which is dedicated to e-commerce, mail and courier logistics services is aimed at bridging logistical gaps and positioning Addis
Africa’s global trade participation still stands at less than 3%, largely driven by merchandise trade in 2023, the Economic Commission for Africa (ECA) report on the assessment of progress on regional integration in Africa has said. According to the report, African countries continue to conduct a greater volume of trade with countries beyond the continent rather than among themselves. Despite advancements in monetary and financial integration, the report indicates that
It was the second year in a row that the transhipment hub showed a decline and all terminals were in the red except for Balboa that posted a 6% growth. The Panama Canal restrictions initiated mid-2023 with the waterway reducing the draught, helped the terminals recover some of their volume in the last four months of 2023. Shipping lines which were obliged to reduce the number of containers carried to
In addition to the $226 million INFRA Grant, the US Department of Transport recently awarded Port NOLA $73.77 million through its MEGA Grant programme, totalling $300 million in federal grant dollars to support the first construction phase of the $1.8 billion container terminal. The recent federal awards are in addition to significant private industry partner commitments as well as the State of Louisiana, and Port NOLA. LIT has also garnered
On 16 January Chile’s Senate unanimously approved the High Seas Treaty, officially known as the Biodiversity Beyond National Jurisdiction Treaty (BBNJ). The treaty sets up a procedure to establish large-scale marine protected areas in the high seas, which cover nearly two-thirds of the world’s oceans, aiming at reaching the target of conserving 30% of land and sea by 2030. Some 84 countries have signed the treaty marking their commitment to
Despite seeing a 13% drop in throughput overall for 2023 the US West Coast gateway port saw volume growth pick-up again in the final five months of the year. In December the Port of LA handled 747,355 teu, up 2.5% year-on-year, and the fifth consecutive month of year-on-year growth. The Port of LA remained the largest container in the US for the 24th year running. “In 2024, our sights are set
