Nigeria’s ports boss has committed to making 2017 a turning point for the competitiveness of the country’s ports sector.
31 Mar 2016
The Suez Canal Authority has cut tolls to transit the canal by 30 percent after traffic shrank in 2015 and container lines began routing ships around the Cape of Good Hope because historically low fuel prices have made that route cheaper than paying the canal’s tolls.
31 Mar 2016
APM Terminals is to invest 758 million euros ($859 million) in Africa’s first automated terminal in the Moroccan transshipment port of Tangier.
23 Mar 2016
CMA CGM has taken another step in its campaign to expand coverage of the African continent, adding direct calls to Djibouti and new inland connections with Ethiopia just days after teaming up with NileDutch to boost its West Africa service network.
21 Mar 2016
Paris-listed Bolloré Group, which holds 21 port concessions worldwide and operates 14 container terminals in Africa, announced a 2 percent drop in revenue for 2015 to $12.2 billion.
18 Mar 2016
Construction work is set to commence on the second phase of the only deep-sea port in central Africa at Kribi, Cameroon after a second round of financing was arranged with the Export-Import Bank of China.
17 Mar 2016
CMA CGM is accelerating its expansion in West Africa, introducing a new fleet, extending coverage and upgrading an existing line, building on its extensive ocean service and inland transport corridors into the hinterland.
16 Mar 2016
Kenya’s Port of Mombasa completed phase 1 of its Mombasa Port Development Project, increasing capacity at the large and often-congested East African port by 550,000 twenty-foot-equivalent units.
09 Mar 2016
MENA Infrastructure, a fund manager and equity investor in Middle East infrastructure, said it divested its 30.3 percent stake in Egypt’s Alexandria International Container Terminals to Hong Kong’s Hutchison Port Holdings for an undisclosed sum.
07 Mar 2016
Djibouti Ports & Free Zones Authority expects throughput at Doraleh Container Terminal to expand by 3 percent in 2016 to just over 861,000 twenty-foot-equivalent units, driven primarily by increasing domestic consumption in Ethiopia and Djibouti.
04 Mar 2016
CMA CGM this week released two trade announcements upgrading its coverage on trades to and from India.