UAE’s DP World, Saudi Ports Authority unveil SR3 billion terminal in Jeddah
Expansion programme has increased South Container Terminal’s capacity to 4 million TEUs Dubai: Dubai’s DP World and Saudi Ports Authority (Mawani) have…
Egypt signs agreement for €7bn green hydrogen project that will produce one million tonnes of green ammonia a year
The facility, being developed by France’s EDF and UAE-based Zero Waste, will largely provide ammonia fuel for ships traversing the Suez Canal…
Shipping Giant MSC Set to Become World’s Largest Terminal Operator in $22.8B Hutchison Ports Deal
In a landmark deal announced on Tuesday, Hong Kong-based CK Hutchison will sell its 80% stake in Hutchison Ports Holding to a Blackrock-TiL…
Tanzania Plans to Launch Its First Oil and Gas Bid Round in Over a Decade
Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the…
How Tanzania can unlock $5.5 Billion unrealized export potential
Tanzania has a $5.5 billion unutilized export potential for its products, according to the International Trade Centre (ITC) export potential map. The…
CMA CGM vessel in container stack collapse sails from South Africa
Photo: SAMSA The 18,000 teu CMA CGM Benjamin Franklin that lost 44 containers in severe weather off South Africa on 9 July…
RED SEA CRISIS
Attacks on Red Sea shipping bankrupt Israeli port The economic effects of the Houthi strikes against Red Sea shipping became evident with…
Container shipping market outlook for H2 2024
Spot container freight rates have surged to unexpected highs in the first half of 2024 due the Red Sea crisis, what will…
Africa’s Critical Mineral Race Heats Up
Competing railway corridors pit the United States against China; Kenya faces a violent crackdown on tax protests. The highlights this week: Protests…
African air cargo tonnage up 8% in first half of 2024
https://www.logupdateafrica.com/air-cargo/african-air-cargo-tonnage-up-8-in-first-half-of-2024-1352559?infinitescroll=1 Tonnages from all the main world origin regions in Q2 this year were higher YoY, with Asia Pacific up 18%, Europe…