Our News
Keep up to date with FATS news.
Manufacturing, industrialisation key to unlocking economic growth
South Africa’s finance Minister Enoch Godongwana says manufacturing and industrialisation remain key to stimulating South Africa’s economy.
R100 billion master plan to boost Durban Port
The plan forms part of the broader transformation of Transnet, which the Minister described as a ‘recovery, reconstruction and reform’ plan.
New system speeds up car carrier loading by 40%
Loading of vehicles on car carriers just got a whole lot more efficient for Mitsui OSK Lines.
Zimbabwe: Dry Run for New Border Terminal
The Zimbabwean Government has started implementing a dry run at the new commercial freight terminal at the Beitbridge Border Post, which is being modernised at a cost of US$300 million.
MSC CEO: Shipping is a “Force for Good”
In a keynote address at London International Shipping Week on Wednesday, the CEO of number-two ocean carrier MSC described shipping as a “force for good” and urged his colleagues to highlight the industry’s successes.
Sars Customs seizes drug-making substance worth R40m
Customs officers of the South African Revenue Service (Sars) seized 67 pieces of calcium hydroxide, which is used to produce crystal methamphetamine – commonly referred to as “ice” or “tik”.
Shanghai halts some traffic at port, airport amid Typhoon Chanthu
The halts are likely to further delay shipments and damage global supply chains, which are already struggling to deal with record exports from China and the effects of local COVID-19 outbreaks.
CMA CGM freezes spot rate increases
Amid rising antagonism against carriers over skyrocketing freight rates, shipping major CMA CGM announced yesterday that it would stop all spot rate increases with immediate effect (September 9) to February 1, 2022.
Skyrocketing freight rates once again under regulatory scrutiny
Carriers’ inordinately high freight rates once again topped the agenda at the fifth biennial meeting of the Global Regulatory Summit convened to discuss competition issues related to the shipping industry.
Business confidence down – but not all gloom
After surging by 15 points to 50 in the second quarter, the RMB/BER Business Confidence index (BCI) retreated to 43 in the third quarter, according to a statement released today.