Lekki Port has expanded its global shipping services with the official launch of operations by the Cosco, Ocean Network Express (ONE), and ZIM alliance. This milestone was marked by the arrival of the EA Centaurus, the largest Cosco vessel ever to call at Nigeria, boasting a length of 277 metersContinue Reading
Hapag-Lloyd, one of the world’s leading shipping giants, has reported impressive financial results for the first nine months of 2024, with growth driven by strong demand and higher freight rates. The global shipping company, which plays a critical role in connecting Africa to international markets, saw a 5% increase inContinue Reading
BMG’s Tools & Equipment Lifting and Rigging division continues to lead the way in providing innovative solutions tailored for the lifting and rigging challenges faced by diverse industries across Africa. From agriculture to mining and marine operations, BMG offers high-quality products and expert support to ensure safe, efficient, and effectiveContinue Reading
In a strategic move to enhance global logistics capabilities, Kuehne+Nagel has acquired a 51% majority stake in IMC Logistics (IMC), a leading U.S.-based provider of marine drayage services. This acquisition, a testament to Kuehne+Nagel’s growth strategy, strengthens its access to North America’s critical logistics networks while setting the stage forContinue Reading
Drydocks World, Dubai, has entered into an agreement with Shanghai Zhenhua Heavy Industries (ZPMC) to build a next-generation 5,000-tonne Floating Sheerleg Crane, set to become the largest of its kind in the Middle East and Africa. The project, which includes design, construction, testing, and commissioning, is expected to take aroundContinue Reading
Mammoet, the global leader in engineered heavy lifting and transport, has launched the SK6000, the world’s strongest land-based crane. Designed to accelerate large-scale energy and infrastructure projects, the SK6000 allows for the construction of larger components in parallel, enabling projects to be completed faster and more cost-effectively. The SK6000 playsContinue Reading
Tadano is set to acquire IHI Transport Machinery Co., the crane and material handling subsidiary of IHI Corporation, excluding IHI’s crawler crane and excavator business, which was sold to Kato eight years ago. Established in 1973, IHI Transport Machinery’s product lineup includes port and yard handling cranes, large climbing luffingContinue Reading
Transnet’s straddle carriers continue to face frequent breakdowns, impacting operations across South Africa’s ports. According to the latest Cargo Movement Update from the South African Association of Freight Forwarders (Saaff) and Business Unity South Africa (Busa), container throughput saw a slight improvement, rising from a daily average of 10,691 TEUsContinue Reading
Germany’s leading container shipping company, Hapag-Lloyd, has announced its acquisition of the ship management firm Hamburger Lloyd, marking a pivotal development in the maritime sector. Both companies, based in Hamburg, share a long-standing partnership; before the acquisition, Hamburger Lloyd managed 29 vessels for Hapag-Lloyd. Founded in 2007, Hamburger Lloyd initiallyContinue Reading
As significant excess capacity continues to flood the shipping market, with more expected next year, the key question facing analysts is when the market will finally reach a balance. According to the CEO of maritime consultancy Sea-Intelligence, the most optimistic scenario involves a 3.8% year-on-year growth in container volume startingContinue Reading
