APL launched a new East Africa Express (EAX) service. The weekly EAX service will connect the Indian subcontinent and Arabian Gulf to East Africa. Trade from the Far East bound for East Africa will depart from Colombo, Sri Lanka, and Nhava Sheva in India. The port at Nhava Sheva will also serve cargoes originating from the Indian subcontinent and Arabian Gulf, alongside ports in Pakistan and the United Arab Emirates. Jason Wong, APL’s Vice President, Intra-Asia, Middle East & Australia Trade, said: “Africa is an expanding economy which continues to report impressive GDP growth, averaging about 5% annually in the past six years. In East Africa, economic growth is projected to accelerate to around 6% in 2007 and 2008. To leverage on the region’s strong growth potential, APL is extending its footprint into East Africa to provide customers with consistently high-quality transportation services.” The EAX port rotation is: Colombo (Sri Lanka) – Dar Es Salamm (Tanzania) – Mombassa (Kenya) – Nhava Sheva (India) – Port Qasim (Pakistan) – Jebel Ali (UAE) – Mombassa (Kenya) – Dar Es Salamm (Tanzania) – Colombo (Sri Lanka).
The Mawingu Express, Maersk Line's direct service from India to Kenya, offers the fastest transit times in the market and better port coverage to bring clients closer to East Africa, claims the company. "Through our global connections coupled with superior customer care and market expertise, we serve as the perfect partner to realise your business ambitions in key markets in East Africa faster than ever before," says the statement.
Swire Oilfield Services, a global supplier of cargo carrying solutions, modular systems, offshore aviation services and fluid management, is strengthening its newly established presence in Kenya, East Africa with the appointment of Dan Davies as the new commercial manager. Dan will be responsible for the commercial activity across East Africa and further developing business in Kenya, Tanzania, Uganda, Madagascar and the wider East African region.
ABB Industries to open new workshop in ASRY, providing certified turbocharger expertise, global warranties, and onsite access to worldwide network Ship and rig repair specialist ASRY reports that it has signed a co-operation agreement with ABB Industries (LLC), Dubai, a division of ABB Turbocharging, a leader in the manufacture and maintenance of turbochargers for two-stroke and four-stroke engines for various types of vessels
The Kenya Ports Authority said on Thursday striking workers at the Mombasa port should resume work by Friday morning or lose their jobs, and that normal activities at East Africa's biggest port will resume July 6. The workers are disputing higher deductions for the government's national health insurance scheme, officials said. "Any employee who will not report or discharge his or her duties will be deemed to have forfeited their appointment
China is going to build a base in Djibouti, so that will be their first military location in Africa. With the establishment of a base in Djibouti, China joins the global contest for maritime and commercial supremacy, reports Al Jazeera. China has long had an economic foothold in Africa, but the base would be an expansion of its military prowess beyond the Asia-Pacific region. The agreement opens the door to the creation of a permanent Chinese military presence on
Thailand at forefront of movement to build a 21st century network of land, sea and air routes to strengthen Asia. The Silk Road was a centuries-old network of linked trade routes across the Afro-Eurasian landmass that connected East, South and Western Asia with the Mediterranean and European world, as well as parts of North and East Africa. Thailand has been in the forefront of efforts to create new and better trade routes
Offshore energy services provider, Jaya Holdings Limited has reported consolidated revenue of $29.6 million and net profit of $7.6 million for the financial quarter ended September 30, 2013. The group’s revenue for the quarter under review was $29.6 million. Excluding the vessel sale, the quarter’s revenue was 12% higher than the previous corresponding quarter. This was due to improved charter utilisation of 91% compared to 84% in the previous corresponding quarter
DP World Group Chairman and CEO, Mr Sultan Ahmed Bin Sulayem has met the President of Somaliland, Mr Ahmed Mohamed Mahamoud, during a visit to the country following the signing of a term sheet agreement in Dubai earlier this month to invest in the multi-purpose Port of Berbera. Mr Bin Sulayem and senior executives from DP World were hosted in the Presidential Palace in the capital Hargeisa where they also met government ministers and officials including Foreign Minister
In line with operational excellence and operating cost discipline, CMA CGM Group wishes to share with you the changes concerning our 2 direct weekly services connecting India Middle East Gulf to East Africa strategic markets Starting February 20th, 2017, we have decided to upgrade our products as follows: 2 direct weekly services with a combined fleet of 9 vessels up to 3,500 TEU, 12 ports of call Swahili Express service will be dedicated to Kenya and Tanzania markets with
Maersk Line said that the growth of EXIM container trade of India in the current year is likely to be in two digits. The export-import container trade volume of India grew by 10% for the full year 2016, which was double of 2015, that too amid weak global trade.
Rates to climb to around W65 from MidEast to Asia; W70 from West Africa. Freight rates for very large crude carriers (VLCCs) are set to rise further as Asian refiners rebuild inventories after plants were reactivated following maintenance outages, brokers said on Friday.
DNV GL, the world’s largest resource of independent energy experts and certification body, has advised renowned lenders, including Santander, on their GBP 210 million project finance investment for the construction of three new onshore wind farms by Banks Renewables
The MR tanker Stena Imagination was named in the Port Rashid Terminal in the heart of Dubai. According to Erik Hånell, President & CEO of Stena Bulk and CEO of Stena Weco, “Naming the Stena Imagination in Dubai is very much a strategic choice
Cyberhawk Innovations is delighted to be recognised as a finalist at the 2017 Offshore Achievement Awards for the categories Safety Innovation and Export Achievement. The world leader in aerial inspection and survey using Unmanned Aerial Vehicles (UAV), otherwise known as drones
Kalmar, part of Cargotec, has been awarded an order to supply DP World's flagship terminal, Jebel Ali Port in Dubai, with the new generation empty container handlers. The order for 13 units has been booked into Cargotec's 2016 fourth quarter order intake
Aegean Shipping Management S.A. announces the appointment of Apostolos Poulovassilis as Chief Executive Officer with immediate effect. Mr. Poulovassilis joins the company at an important point in its development, with the upgrade of its tanker fleet in full progress with a clear focus on
Maritime forces from East Africa, West Indian Ocean nations, Europe and the United States, as well as several international organizations, will begin the sixth iteration of the annual multinational maritime exercise Cutlass Express, Jan. 31.
Chevron Corporation said today that Michael K. Wirth, executive vice president of Midstream and Development, has been named vice chairman, effective February 1, 2017. “As a senior officer of Chevron, Mike has made significant contributions to the company’s success,” said John S
A memorandum of understanding (MOU) was signed between Pacific International Lines (PIL) Group and China Guangzhou Nansha Development Zone. This MOU facilitates to increase trade cooperation, deepen business ties, and explore possible future business opportunities and development of a
Traders prep rare East Coast gasoline exports; cargoes already sailing with exported distillates. Traders are preparing to export cargoes of coveted gasoline from the U.S. East Coast after months of heavy importing and local production swamped the region.
IBM and Danish transport company Maersk said they were working together to digitize, manage, and track shipping transactions using blockchain technology. The technology, which powers the digital currency bitcoin, enables data sharing across a network of individual computers
South Africa’s competition watchdog is seeking to fine Japan’s Kawasaki Kisen Kaisha (K-Line) as much as 10 percent of its annual revenue in the country for colluding on a tender for the transport of Toyota Motor Corp. vehicles, reports Reuters.
MidEast, West Africa rates diverge; oil output curbs in Iraq and West Africa could weigh on tanker market. Freight rates for very large crude carriers (VLCCs) are likely to remain under pressure with hire rates from the Middle East to Asia tracking lower in the face of excess tonnage in
40 MidEast VLCC cargoes fixed for early April loading. Freight rates for very large crude carriers (VLCCs), which have fallen to six-month lows, are likely to hold steady around current levels as owners resist charterers' attempts to push rates lower, brokers said.