Privinvest’s Deliveries to Mozambique: A Model for Africa
Media reports about Mozambique’s failure to launch a fishing and security fleet and its subsequent $2 billion debt default seem destined to torpedo, or at least set back similar efforts to build needed coastal security and national fishing fleets across Africa. That must not happen.The systems and equipment Mozambique bought a few years ago from shipbuilder Privinvest could serve as a template for coastal African nations seeking to rightfully benefit from their natural resources…
ICTSI Posts Strong H1
Philippines-based international container terminal operator ICTSI has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.First half throughput rose 7% to 5.04 million teu and came on good revenues, leading to a 42% jump in net profit to $128.5 million, said a press release from the global port management company.ICTSI attributed its profit growth during the six-month period to volume growth, tariff adjustments for certain services at multiple terminals…
Six Live Elephants Exported to DRC
A family of six elephants were loaded aboard the freighter El Nino in the port of Walvis Bay and is destined for an upmarket tourism Game Park in Kinshasa, Democratic Republic of Congo (DRC)."This is the first time a consignment of such magnitude involving adult elephants is leaving the country and will definitely not be the last as this was a trial run to guarantee that future exportations are conducted smoothly, said a press release from Namport, operating as the National Port Authority in Namibia…
13 dead, 142 Missing in East Congo Boat Casualty
Thirteen people are dead and 142 are missing after a passenger boat sank this week on Lake Kivu in eastern Democratic Republic of Congo, President Felix Tshisekedi said on Thursday.Speaking to reporters near the site of the accident in South Kivu province, Tshisekedi said 37 passengers had been rescued.Reporting By Stanis Bujakera
150 Missing After Eastern Congo Shipwreck
About 150 people are missing after a boat sunk on a lake in eastern Democratic Republic of Congo, President Felix Tshisekedi said on Tuesday."I am very saddened by the shipwreck of a pirogue on (Monday) April 15 on Lake Kivu.
Global Piracy Up in 2018, Gulf of Guinea Leads
Piracy increased on the world’s seas in 2018, with a marked rise in attacks against ships and crews around West Africa, the International Chamber of Commerce’s International Maritime Bureau’s (IMB) latest annual piracy report reveals.Worldwide, the IMB Piracy Reporting Centre (PRC) recorded 201 incidents of maritime piracy and armed robbery in 2018, up from 180 in 2017.The Gulf of Guinea remains increasingly dangerous for seafarers. Reports of attacks in waters between the Ivory Coast and the Democratic Republic of Congo more than doubled in 2018…
India Plans Deep Dive for Seabed Minerals
In the 1870 Jules Verne classic "20,000 Leagues Under the Sea", underwater explorer Captain Nemo predicted the mining of the ocean floor's mineral bounty - zinc, iron, silver and gold.India is catching up with that only now, as it prepares to unearth treasures down below, aiming to boost its economy.The floor of the world's seas is scattered with vast beds of black potato-shaped polymetallic nodules comprising copper, nickel, cobalt, manganese, iron and rare earth elements.These natural goodies are key to making modern gadgets…
Hapag-Lloyd Investing in East Africa
German shipping company Hapag-Lloyd is continuing to focus on the growing market in East Africa, where annual growth rates of approximately six percent lead the African continent.In April 2018 Hapag-Lloyd launched the East Africa Service (EAS), its first dedicated service to East Africa. The weekly service sails from Jeddah to Mombasa, and from there to Dar es Salaam, in Tanzania, and directly back to Jeddah. The service will be expanded in September with a weekly connection to and from Nhava Sheva, Mundra, Khor Fakkan, Jebel Ali, Mombasa and Dar es Salaam.
DP World Wins Congo Port Concession
DP World, the Dubai-based ports operator, announced it has won a 30-year concession for the management and development of a port project in the Democratic Republic of Congo (DRC). The deal gives DP World an option to extend its management and development for a further 20 years, and is for a greenfield multi-purpose port at Banana. "The Port of Banana will be the first deep-sea port in the country along its small coastline of 37 kilometres, which currently only has the riverine port of Matadi," said a statement.
Mombasa Port Traffic up 10 pct in Jan-Sept
Kenya's main port, Mombasa, handled 10.6 percent more cargo in the first nine months of this year, helped by an expansion of its handling capacity and a new railway system, the port’s management said on Monday. Activity in east Africa's biggest port is considered a measure of economic activity for the region. Mombasa handles imports such as fuel for Uganda, Burundi, Rwanda, South Sudan and eastern Democratic Republic of Congo. The increased traffic comes despite prolonged tensions over an election in August which was nullified and then rerun in October.
ICTSI Net Income Rises 19%
Manila-based global container terminal operator International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the first half of 2017 posting revenue from port operations of US$603.7 million, an increase of 10 percent over the US$550.8 million reported for the first six months of 2016. The net income attributable to equity holders of US$103.6 million, up 19 percent from the US$87.3 million earned in the same period last year due to the continuing ramp-up at the new terminal in Matadi…
CMA CGM Improves Canada to West Africa Service
CMA CGM announced a significant improvement of its product from Montreal, Canada to Africa West Coast strategic markets. Starting May 6th, 2017 with the opening of the new service Med Canada, CMA CGM will connect Montreal cargo to West Africa with our 6 EURAF services via the hub of Tangiers. Transit times will be shortened up to 12 days. Apapa will be reached in 25 days Angola, Congo, the Democratic Republic of Congo on EURAF 5 and Gabon, Equatorial Guinea on EURAF 4 will continue to be connected on St Laurent service.
CMA CGM Strengthening EURAF 5 Services
CMA CGM has announced the strengthening of its position on Europe > West Africa route by becoming vessel operator on its current service EURAF 5. Effective April 5th, 2017, CMA CGM operates 2 vessels on EURAF 5 between North Europe and West Africa South Range. With a weekly frequency, EURAF 5 connects Europe to Angola, the Republic of Congo and the Democratic Republic of Congo. Cameroon is served on a fortnightly basis. Reefer cargo from Abidjan relies on a direct service to Europe with very fast transit times. Antwerp is reached in 15 days, Le Havre in 18 days, Lisbon in 21 days.
Enhancing Search and Rescue Services in Western Africa
International Maritime Organization (IMO) is supporting countries in western Africa to enhance their national search and rescue (SAR) services with a regional training course and meeting taking place in Lagos, Nigeria this week. The activities are assisting Member States under the “Nigeria SAR Region” (Benin, Cameroon, Congo, Democratic Republic of Congo, Equatorial Guinea, Gabon, Nigeria and Sao Tome and Principe) to develop their regional SAR Plan and to increase regional cooperation.
ICTSI 9M2016 Income Up 4%
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2016 posting revenues from port operations of US$835.0 million, an increase of five percent over the US$792.0 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$390.3 million, 15 percent higher than the US$339.5 million generated in the first nine months of 2015, and net income attributable to equity holders of US$141.9 million…
Kipevu Oil Terminal to Be Relocated
The Kipevu Oil Terminal at Mombasa Port will be relocated early next year, to Dongo Kundu area, as a result of the ongoing capacity expansion program, the Kenya Ports Authority announced. The new oil terminal is expected to have a capacity to accommodate four vessels of up to 200,000 DWT. The project also involves building new cargo handling facilities with both subsea and land based pipelines and four berths capable of loading/discharging crude oil, HFO, DPK-aviation, AGO-Diesel and PMS-Petrol. The other element is the topside, whose initial implementation will be for three berths but layout will recognize the need for implementation of the fourth berth at a later date.
ICTSI Income Drops 68%
International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended December 31, 2015 posting revenue from port operations of US$1.051 billion, one percent lower compared to US$1.061 billion the year earlier; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$450.0 million, two percent higher than the US$443.0 million generated the previous year; and reported Net Income attributable to equity holders of US$58.5 million, down 68 percent compared to the US$182.0 million earned in 2014.
DP World's Plan to Tackle Africa's Infrastructure Gap
A five point plan to help tackle Africa’s infrastructure gap is among the findings of a new DP World report to be unveiled at the Africa Global Business Forum this week. Public private partnerships, domestic bond financing, monitoring the life cycle of infrastructure by maintaining and upgrading existing stock, enhanced trade integration and improved trade facilitation are key points raised in the study “Africa At The Crossroads: Bridging The Infrastructure Gap” produced in association with the Economist Intelligence Unit.
ICTSI 9M Profts Above Expectations
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2015 posting revenues from port operations of US$792.0 million, an increase of two percent over the US$779.2 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$339.5 million, four percent higher than the US$326.1 million generated in the first nine months of 2014, and net income attributable to equity holders of US$136.2 million…
Kenya Releases Ship Carrying Weapons
A Norwegian-flagged ship that was held in Kenya for more than a week over undeclared weapons belonging to the United Nations has been released, the owners of the vessel said. Kenyan authorities boarded the ship at the port of Mombasa on Sept. 17 and uncovered undeclared weapons in a U.N. shipment destined for peacekeepers in the Democratic Republic of Congo. The U.N. defended the shipment. "Höegh Transporter has finally been released from detention in Mombasa, Kenya, and has continued her ocean voyage," Hoegh Autoliners, the Norwegian owner of the ship, said in a statement issued on Saturday.
Höegh Autoliners Confirms Weapons on Detained Vessel
Höegh Autoliners confirmed that their vessel, Höegh Transporter, which is currently berthed at Mombasa, Kenya, carried a consignment of United Nations (UN) vehicles from Mumbai, India destined for the UN peacekeeping mission in the Democratic Republic of Congo. During a cargo inspection which has taken place over the last few days in Mombasa, the Kenyan authorities have discovered weapons, not declared in the cargo manifest, inside some of the UN vehicles. It is our understanding that these weapons belong to the UN vehicles in which they were found…
Kenya Raids Suspected Drug Ship
Kenyan police raided a ship docked in the Indian Ocean port of Mombasa on Friday, on suspicion that it carried drugs and firearms, officials said. East Africa has become a key export route for Afghan heroin destined for Europe. Regional maritime forces, short of funds and anti-trafficking expertise, have struggled to stem the flow of drugs through their territorial waters. Kenyan soldiers and security personnel cordoned off the entire port for hours before seizing the ship, paralysing East Africa's biggest port, which serves as the main gateway for imports and exports in the region. "Based on intelligence gathered, the ship is suspected to be carrying fire arms and drugs…
ICTSI 1H 2015 Net Income Down 1%
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first half of 2015, posting revenue from port operations of US$552.1million, an increase of eight percent over the US$510.3 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$237.4 million, 12 percent higher than the US$212.2 million generated in the first six months of 2014; and net income attributable to equity holders of US$100.4 million…