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.
30 Aug 2015
A consortium comprising Bolloré Africa Logistics, CMA CGM, and China Harbour Engineering Company (CHEC) has been awarded the coveted 20-year concession to operate the new container terminal at the deepwater port of Kribi in Cameroon.
28 Aug 2015
The development of Port Louis will not only accommodate increasing container traffic, but also mitigate the likely impact of the cyclonic weather to which the country of Mauritius is prone, giving shippers more reliability.
27 Aug 2015
DHL Express will invest $20 million in sub-Saharan Africa this year to increase its footprint, taking the German logistics giant’s total investment in the continent to more than $50 million in the last year.
12 Aug 2015
The expansion of the Suez Canal and the reduced draft for ships transiting the Panama Canal won’t immediately impact the rival waterways’ shares of Far East-U.S. East Coast traffic, according to Alphaliner.
10 Aug 2015
Suez Canal Authority projections that average daily vessel transits will double by 2023 to 97 vessels and more than double revenue to $13.2 billion within 10 years are unlikely, according to the latest analysis by Drewry.
06 Aug 2015
The Suez Canal Authority said it is well placed to compete with Panama for Asia-U.S. East Coast business and will continue to offer promotions and discounts to help entice lines to use the Suez Canal.
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 Thursday, which will for the first time allow two-way traffic on the canal, creating economic benefits for both international shippers and the local economy.
04 Aug 2015
Egypt should deliver on a commitment to dredge a new Mediterranean access channel to the Suez Canal as soon as possible or it risks derailing the goals of its ambitious Suez-centered development plans.
27 Jul 2015
Three container ships sailed through the “new” Suez Canal over the weekend in the first trial run of a second shipping lane alongside the existing waterway ahead of the official opening next month.
24 Jul 2015
Winds in excess of 60 miles per hour at the Port of Cape Town have led to delays in berthing vessels for the better part of a week.