Keep up to date with FATS news.
A transaction said to be netting Maersk $987.3 million will see the Danish line part with its box manufacturing subsidiary after China International Marine Containers (CIMC) succeeded in a lock-stock-and-barrel purchase of Maersk Container Industry (MCI).
Despite disruption from lockdown measures over the summer, Vietnam’s seaports have handled in excess of 537 million tons of goods in the first nine months of the year – a three percent year-on-year rise.
South Africa’s finance Minister Enoch Godongwana says manufacturing and industrialisation remain key to stimulating South Africa’s economy.
The plan forms part of the broader transformation of Transnet, which the Minister described as a ‘recovery, reconstruction and reform’ plan.
Loading of vehicles on car carriers just got a whole lot more efficient for Mitsui OSK Lines.
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.
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.
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”.
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.
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.