China Merchants Holdings (International)’s first half net profit jumped 29 percent year-over-year to HK$2.8 billion ($US 361 million) after throughput gains at Chinese terminals exceeded China’s overall container growth rate and traffic through overseas facilities rose at a double-digit clip.
24 Jun 2015
Buoyed by a 12.7 percent jump in containerized trade between Africa and East Asia over the last two years, Maersk Line will implement a general rate increase of $100 per 20-foot equivalent unit, starting July 15.
22 Jun 2015
Kenya is set to introduce a national single window system to streamline importing and exporting processes, ahead of trade powerhouses such as the U.S.
19 Jun 2015
Tanzania has instituted a 1.5 percent levy on all imports to fund rail projects intended to bolster national and international connectivity.
17 Jun 2015
FedEx reported its first quarterly loss since 2009, thanks to a $2.2 billion pension-related pre-tax charge that bit deep into earnings. Unfavorable exchange rates, a drop in international priority volume and low fuel surcharge revenue also stung the global transport operator.
16 Jun 2015
The “new” enlarged Suez Canal that will allow two-way transits for ships will open on schedule on August 6, according to the waterway authority.
12 Jun 2015
In its most aggressive move in the African market in years, APM Terminals has begun construction on a new container terminal at Ghana’s largest container gateway and plans to invest heavily on inland connections to allow growing volume to move more efficiently to and from the hinterland.
10 Jun 2015
Cargo theft more than doubled in the United Kingdom in the first quarter and rose 17 percent in the Netherlands, Europe's biggest container hub, according to data released by the Transported Asset Protection Association. The problem, however, is global.
03 Jun 2015
Ethiopian Airlines has begun a four-fold expansion of its air cargo terminal in Addis Ababa as Africa’s largest carrier improves the freight-handling ability of its hub to support a growing global reach.
01 Jun 2015
CMA CGM’s new Wazzan service linking Morocco and Northwest Africa is designed to tap into a growing intra-Afric
21 May 2015
Logistics Plus, a global provider of transportation, logistics and supply chain solutions, has opened offices in Cairo and Alexandria, Egypt, and formed a Logistics Plus Eqypt operation that includes a warehouse in Badr City just outside of Cairo.