Africa

Africa

19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
13 Nov 2014
Four boats yesterday ambushed the Egyptian Navy patrol boat near the Suez Canal, reigniting concerns about terrorist attacks on container vessels on the 120-mile long waterway.
11 Nov 2014
Container ship capacity jumped 250 percent in the past five years in the Asia to West Africa trade, according to a new report from Alphaliner.
10 Nov 2014
Customs agents striking in the Lagos-Apapa port complex could cause crippling congestion at the Nigeria’s largest gateway, the port said today.
APMT Elizabeth
10 Nov 2014
Port congestion problems at some of North America’s largest gateways had a noticeable impact on vessel productivity in the first six months of 2014, according to JOC Group Port Productivity data.
29 Oct 2014
Construction on a new seaport in the Indian Ocean town of Bagamoyo, Tanzania will begin in 2015, Tanzania announced Tuesday.
27 Oct 2014
Revenue gained through Suez Canal tolls in September rose 6.3 percent year-over-year but fell 8 percent from August, suggesting freight growth on the Egyptian waterway might be slowing.
27 Oct 2014
South Africa’s port landlord Transnet will help educate ports in Kenya, Namibia, Mozambique and Ghana under a new agreement meant to bring their ports up to international standards.
18 Oct 2014
A European construction consortium will begin work this year to expand the Suez Canal under a $1.5 billion contract from the Egyptian government announced on Saturday.
Ocean carrier rate revision roundup for Oct. 17
17 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
10 Oct 2014
Efforts to convert the Nile River into a shipping lane for landlocked sub-Saharan African countries are meeting with hurdles two years after the concept was introduced.