Category: Maritime Transport

South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan

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In addition to the corporate loan, the African Development Bank is contemplating two targeted grants, including $750,000 in technical support from the Sustainable Energy Fund for Africa The African Development Bank Group (www.AfDB.org) has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans.   The 25-year loan approved by the Bank Group’s Board of Directors on Friday, 12 July 2024, is fully guaranteed by the government of South Africa. It will facilitate the first…

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Transnet denounces World Bank Container Port Performance Index factual errors

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On 10 June 2024, Transnet met with World Bank representatives to discuss factual errors in its recent 2023 Container Port Performance Index (CPPI). The Bank incorrectly uses the duration of a vessel’s stay as a measure of container port cargo handling performance, relied on third party sample data and failed to give a measured terminal access to the data sample for verification prior to publication. Upon entering a port, a vessel is serviced by many role players before the actual loading and offloading of cargo, and these services contribute to…

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Djibouti Ports and Free Zones Authority Denounces World Bank’s Container Port Performance Report: Claims Misrepresentation and Data Discrepancies

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The Djibouti Ports and Free Zones Authority (DPFZA) has expressed profound indignation over the latest World Bank Container Port Performance Report, which ranked the port of Djibouti at 379th—a drastic and unjustified decline from its previous ranking of 26th. This report, according to DPFZA, grossly misrepresents the true status of their facilities and the quality of services they provide…. read more on maritimafrica.com ………

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Adani Ports Signs 30-Year Concession To Operate Container Terminal 2 At Dar Es Salaam Port

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Adani International Ports Holdings Pte Ltd. (AIPH), a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania. Dar es Salaam Port is a gateway port with a well-connected network of roadways and railways…. read more on maritimafrica.com

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AD Ports Group and Economic Development Board of Madagascar Sign MoU to Explore Development of Ports, Maritime and Logistics

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AD Ports Group (ADX: ADPORTS), one of the world’s leading facilitators of global trade, logistics, and industry, and the Economic Development Board of Madagascar have today signed of a Memorandum of Understanding (MoU), to explore a dynamic partnership focused on bolstering commercial opportunities across maritime, industry and logistics sectors in Madagascar… read more on maritimafrica.com

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PORT AUTONOME DE POINTE-NOIRE : Construction of Two Maritime Quays Progressing Perfectly and Could Be Completed by September 2024

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In order to increase its ship reception capacity and maintain its leadership in Central Africa, the Port Autonome de Pointe-Noire (PAPN) has been undertaking the construction of two maritime quays on the eastern side of the existing port basin since 2021. An agreement was signed with the company RAZEL-BEC, which was awarded the contract for this project financed by the French Development Agency (AFD). Begun in July 2021, the construction of these two infrastructures responds to the desire of the port authority to ensure that the PAPN meets the new…

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Benin: Minister José Tonato visits the Port of Cotonou to inspect dredging work

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On Saturday 17 February 2024, Mr José Tonato, Benin’s Minister for the Environment and Transport, in charge of Sustainable Development, visited the Port of Cotonou as part of his monitoring of the port’s renovation work, in particular the maintenance dredging work currently underway. Accompanied by Mr Bart VAN EENOO, Director General of PAC, Mrs Sandrine Platteau, Belgium’s Ambassador to Benin …read more on maritmafrica.com   …..

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The Port of Abidjan welcomes the CMA CGM ‘Scandola’, a container ship powered by liquefied natural gas

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Thursday 1 February 2024 will go down in the history of the Port of Abidjan, which welcomed for the first time the CMA CGM “Scandola”, a container ship powered by Liquefied Natural Gas (LNG). The CMA CGM “Scandola”, with its imposing dimensions of 366 m long and 51.11 m wide and a capacity of… read more on maritimafrica.com

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The Port Autonome de Lomé honoured at the 43rd Session of the PMAWCA

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The Port Autonome de Lomé has once again shone on the international stage by winning major distinctions at the 43rd session of the Port Management Association of West and Central Africa (PMAWCA), which took place from 6 to 9 November 2023 at the Continental Hotel in Lagos, Nigeria. The highlight of the event was the 7th edition of the African Ports Awards, at which the Togolese port was honoured for its outstanding excellence and innovation in the port sector. At this prestigious ceremony, the Port Autonome de Lomé was awarded…

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West and Central African ports ready to navigate in the AfCFTA era

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After four days of intensive debates, the 43rd Annual Council of the Port Management Association of West and Central Africa (PMAWCA), as well as the 18th Managing Director’s Round Table, came to a close at the Continental Hotel in Lagos, Nigeria, on 09 November 2023. Under the theme of “Ports and the African Continental Free Trade Area (AfCFTA)“, the Managing Director of the Office des Ports et Rades du Gabon, Martin Boguikouma, current Chairman of PMAWCA, stressed the urgent need for… read more on maritimafrica

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