Transnet has updated information regarding its ongoing efforts to seek much-needed private-sector investment in its freight rail network, especially insofar as available capacity relates to third-party involvement. The logistics utility said the updates were effective immediately and were contained in the latest Network Capacity Statement (NCS) by Transnet Rail InfrastructureContinue Reading
Ponant Explorations Group has made waves by acquiring a majority stake in Aqua Expeditions, a boutique expedition cruise company, just in time for the launch of Aqua’s newest East African voyages. This strategic move signals an exciting expansion for Aqua, which will retain its name and continue to operate asContinue Reading
The recent wildfires in Los Angeles have caused significant disruptions in the region, but South African travelers and cargo operations remain largely unaffected, according to industry experts. Dharmesh Kooverjee, CEO of Travel Vision, emphasized that South African travel to the United States predominantly focuses on the East Coast, with noContinue Reading
Processing plants with multiple geographically dispersed production sites often face the challenge of centralizing the monitoring and recording of fill levels in numerous process containers. Immediate and accurate visualization of these levels is crucial to maintaining smooth operations, ensuring efficient production planning, and enhancing control. In industries such as bulkContinue Reading
Bruks Siwertell is set to supply a state-of-the-art Siwertell 10 000 S road-mobile ship unloader to Belgian company SST BELGË NV. This advanced equipment will enhance flexible and environmentally friendly cement handling operations at the port of Benghazi, Libya, significantly improving regional supply chain efficiency. Why Siwertell? “The operator recognizedContinue Reading
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
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
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
