TANZANIA - Global logistics leader A.P. Moller - Maersk (Maersk) has introduced the Korosho Express, a seasonal ocean service designed to support Tanzania’s booming cashew trade. Launching in late October 2024 and running through February 2025, the Korosho Express...
SENEGAL - DP World has made a significant investment of over USD 300 million to modernize its operations in Senegal, increasing the terminal's handling capacity from 265,000 TEUs in 2008 to 800,000 TEUs in 2023. This expansion is part of the company’s ongoing...
EGYPT - With an investment of USD 10 million, Egypt's Cabinet has greenlit a new special economic zone dedicated to citrus concentrate production. The project, anticipated to create over 300 jobs in its initial phase, is expected to strengthen Egypt’s citrus exports...
GLOBAL - DP World has acquired 47,000 twenty-foot equivalent units (TEUs), a move set to significantly expand its cargo-handling capacity. The acquisition marks the company’s first major purchase of containers, registered and branded under DP World’s name. This step...
BRAZIL - The Mediterranean Shipping Company (MSC) has announced a significant acquisition in the Brazilian port sector, further enhancing its global reach. SAS Shipping Agencies Services, MSC's maritime subsidiary, will acquire a 56.47% stake in the Brazilian port...
EUROPE - Liege Airport (LGG) is emerging as a key player in Europe’s air cargo industry, with the potential to become the largest hub for flower imports on the continent. Willum van den Hoogen, Managing Director of Florius International FZCO, shared insights with...
SOUTH AFRICA - Transnet SOC Ltd (Transnet) has committed to fast-tracking the review process for the Durban Container Terminal Pier 2 contract dispute. The state-owned company plans to approach the courts to secure a hearing date to ensure Part B of the review...
TANZANIA - Tanzania’s growing cashew trade now has a dedicated ocean freight service, with Maersk introducing the 'Korosho Express' to cater specifically to cashew exports. The service will run bi-weekly from the Port of Mtwara to markets in India, Vietnam, and China,...
UK - Danish shipping giant Maersk marked a significant milestone with the naming of its latest dual-fuel methanol container vessel, Alexandra Maersk, at the Port of Felixstowe in the U.K. This vessel is the sixth in Maersk’s owned fleet capable of operating on...