Browsing: Ports
Lekki Deep Sea Port, the largest sea port in Nigeria, has completed construction. Lekki Free Port Terminal will take over in readiness for operations to commence.
Transnet: The force majeure declared in the automotive, bulk and multi-purpose terminals at its South African port operations has been withdrawn with immediate effect.
BLSA and BUSA: Strikes by state-owned Transnet rail is resulting in the falling capacity of the logistics industry and harming supply chains.
DP World, Dubai’s major operator of ports and terminals, announced revenue growth of 60.4% in H1 2022, recording revenues of USD 7.93 billion.
AD Ports and Hong Kong operator and port investor Hutchison Ports will work together to expand operations across the GCC, Asia and Africa.
Dubai has ranked fifth among leading global ports in the ISCD Index thanks to investment in infrastructure and business diversification.
AD Ports gains 70% stake in two Egyptian maritime companies for USD 140 million in the company’s first international acquisition.
AD Ports Group has signed an agreement with the Egyptian Group for Multipurpose Terminals to develop Egyptian ports.
With the new port, Nigeria aims to become an African transshipment hub and recover lost maritime business.
Hapag-Lloyd is continuing to focus on the growing market in East Africa. With annual growth rates of approximately six percent,…