Africa

Africa

04 Aug 2015
Egyptian armed forces are on high alert ahead of the ceremony to open the $8 billion, 44.7 mile extension to the Suez Canal on August 6, which will for the first time allow two-way traffic on the canal, creating economic benefits for both international shippers and the local economy.
08 Jul 2015
Importers using the Port of Lagos have seen their customs clearance times triple after equipment failures at the country’s largest container terminals, according to a local report.
Suez Canal ship convoy
06 Jul 2015
Container lines won’t reduce the amount of cargo moving through the Suez Canal despite heightened security tensions — most recently inflamed by the reported arrest of 13 people on suspicion of planning to sabotage the waterway integral to trade between Asia and the Europe, and increasingly the U.S.
06 Jul 2015
Dredging to host a rail terminal that will connect the Port of Mombasa to the capital of Nairobi is set to begin.
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.