By James Gomez and Kateryna Choursina (Bloomberg) -- Gleaming silos, towering container cranes and hulking cargo ships docked at quaysides in Europe’s biggest corn and sunflower producer should be a symbol of an agricultural exporting powerhouse. Instead, it’s a cautionary tale of how Ukraine may squander another opportunity to plug the former Soviet republic into the global … [Read more...]
South Africa’s Transnet to Deepen Durban Port to Accommodate Larger Ships
By Tanisha Heiberg JOHANNESBURG, Sept 11 (Reuters) - South Africa's Transnet said on Tuesday it will spend 7 billion rand ($464 million) to deepen berths at Africa's biggest container terminal in the port city of Durban to accommodate larger vessels. Transnet, which operates nearly three-quarters of the African rail network, the bulk of which is in South Africa, aims to … [Read more...]
30,000 Tons Of Cocoa Stuck On Lagos Port Roads
At least 30,000 metric tons of cocoa are trapped on their way to ports in Nigeria’s main city of Lagos as roads in a state of disrepair delay access to ships, the cocoa exporters body said. Travel to the Apapa and Tin Can Island ports that previously took hours, now takes as much as four weeks as trucks struggle through cratered and water-logged roads to get there, Pius … [Read more...]
London Court Rules DP World Djibouti Contract is ‘Valid and Binding’
DUBAI, Aug 2 (Reuters) - Dubai's government said on Thursday the London Court of International Arbitration (LCIA) has ruled DP World's port container terminal contract in Djibouti was valid and binding. The government of Djibouti seized the Doraleh Container Terminal from DP World in February over a dispute dating back to at least 2012. Dubai government-controlled DP World … [Read more...]
Can the World’s Ports and Terminals Take the Strain as Container Throughput Rises?
By Gavin van Marle (The Loadstar) - “Cautious investor sentiment towards greenfield container terminal projects” could lead to steeply increasing box terminal utilisation and a possible decline in port productivity. According to Drewry’s latest five-year container port demand forecast, volumes are set to increase on average by just under 6% a year. This would add … [Read more...]