For the Port of Hamburg, the year 2024 was marked by numerous geopolitical and economic challenges. International trade was impacted by both the war in Ukraine and the conflicts in the Middle East, fuelling uncertainty in global markets. In Germany, economic output declined by 0.2%. Industrial production also experienced aContinue Reading
Capesize The Capesize market kicked off the week on a strong note, continuing the momentum from the previous period. Rates in the Pacific surged past $10.00 on the C5 route, creating a noticeable premium over C3 in the Atlantic. However, despite all three major miners being active in the PacificContinue Reading
In a strategic move set to strengthen its global presence, Lauritzen Bulkers has acquired Canadian breakbulk and parcel shipping company, Alexander & Blake. This acquisition brings enhanced shipping expertise, valuable client relationships, and expanded service capabilities—key benefits for cargo operators worldwide, including Africa’s growing bulk handling sector. What This MeansContinue Reading
Cooper Consolidated, LLC has announced the expansion of its bulk stevedoring fleet with the addition of two 4000C Series Equilibrium Cranes, the largest cranes ever built by E-Crane. These cranes, named “Pelican” and “Creole King,” reinforce the company’s position as the leading bulk stevedoring service provider on the Mississippi River.Continue Reading
Uganda Airlines and Brussels Airlines Reopen Flights to Kinshasa Amid Regional Stability After a brief hiatus, Uganda Airlines and Brussels Airlines are back in the skies, resuming their flights to Kinshasa, the capital of the Democratic Republic of the Congo (DRC). On January 30, Uganda Airlines officially announced the restartContinue Reading
Capesize Market The Capesize market saw a generally softer week, with the 5TC dropping to $6,733 by Thursday, before slightly recovering to $6,964 by the end of the week. The Pacific showed signs of strength early on, driven by healthy cargo flows and tightening tonnage. However, reported fixtures struggled toContinue Reading
Johannesburg’s OR Tambo International Airport has secured its spot as one of the busiest airports in the Middle East and Africa for 2024, ranking seventh on the list. This impressive achievement, according to aviation analytics firm OAG, is based on airline capacity, both domestic and international. OR Tambo saw 12.2Continue Reading
The global container shipping industry is witnessing a major shift as Maersk and Hapag-Lloyd officially launched their Gemini Cooperation on February 1, 2024. This new vessel-sharing alliance replaces Maersk’s previous 2M partnership with MSC and is set to revolutionize shipping efficiency, boosting reliability to over 90% once fully operational. AContinue Reading
Danish shipping giant Maersk has reported a remarkable $6.09 billion net profit for 2024, marking a 56% surge from the previous year’s $3.9 billion. This milestone reflects strong growth across its ocean, logistics, and terminal divisions, setting the tone for global shipping dynamics in 2025—an outlook African cargo handlers andContinue Reading
In-flight connectivity has become a standard feature on many international airlines, offering passengers the ability to stay connected while soaring above the clouds. However, South African passengers may have to wait a bit longer for this luxury to become a reality on domestic flights. Challenges Ahead for Local Airlines KirbyContinue Reading
