Africa

  • TIACA deal supports Africa’s airfreight development

    Nov 20, 2017 — The International Air Cargo Association (TIACA) and the African Airlines Association (AFRAA) signed a memorandum of understanding (MoU) that will have TIACA working with the 40 members of AFRAA to support air cargo development in Africa.
  • Nigeria: Piracy - Foreign Shipping Firms Pay N14 Billion to Escort Vessels in Nigeria

    Nov 6, 2017 — Due to the volatile nature of Nigeria waterways, foreign shipping companies spend over N13.76 billion ($45 million) annually to escort their vessels from one point to another on Nigeria's waterways, LEADERSHIP has learnt. About four major international shipping companies operate in the country including Maersk Line, Mediterranean Shipping Company, Grimaldi and CMA/CGM in addition to smaller foreign and local shipping companies operating on the waterways.
  • MSC Recommences Benghazi Container Freight Services as Normality Returns

    Oct 31, 2017 — Mediterranean Shipping Company (MSC) has announced that it will resume container freight services to and from Benghazi, Libya, now that the port has re-opened, following a three-year closure stemming from the 2011 revolution. The port, which restarted operations at the beginning of the month, was forced to close when rivalling armed groups occupied the city in 2014.
  • Freight Operations Partially Resume at the Port of Durban

    Oct 17, 2017 — Transnet National Ports Authority (TNPA) has announced that marine operations at the Port of Durban have partially resumed following disruptions caused by heavy storms on Tuesday, 10 October 2017, that saw several ships break loose from their mooring and run aground.
  • Delays in Lagos operations due to heavy traffic congestion

    Oct 17, 2017 — AGS Nigeria Lagos wishes to inform you of the increase of road congestion around the Apapa area at the port of Lagos. This congestion, which is caused by a combination of factors (road deterioration during the rainy season, construction at the harbour and increased port activity) contributed to increased transport costs and delays in operations.
  • New Suez Canal income slowly sinking

    Sep 14, 2017 — When Lt. Gen. Mohab Mamish, chairman of the Suez Canal Authority, announced the canal was complete, he said annual revenue would reach $13.4 billion, from about $5 billion at that time. Revenue has barely budged since then, and in fact has declined somewhat. Mamish was counting, however, on growth of global trade, which has suffered the past two years, according to Rashad Abdo, an economic expert and head of the Egyptian Forum for Political and Economic Studies.