Ports & Logistics
USA and EU support Lobito Corridor extension directly to Zambia
(Posted on 12/09/23)A joint Statement from the United States and the European Union has been released on support for Angola, Zambia and the Democratic Republic of the Congo’s commitment to further develop the Lobito Corridor and the U.S.-EU Launch of a Greenfield Rail Line feasibility study.“At the Partnership for Global Infrastructure...
Breedon Group extends ABP Newport lease by 15 years
(Posted on 08/09/23)Associated British Ports has announced the successful renewal of a lease agreement with Breedon Group PLC, the leading vertically integrated construction materials group in Great Britain and Ireland, at the Port of Newport. This significant milestone marks their commitment to providing essential products to the construction sector...
North Sea Port freight by barge to hinterland increases to 60%
(Posted on 04/09/23)In North Sea Port, the transportation of goods to the hinterland by inland waterway continues to increase. Over five years, it rose from 54% to an impressive 60%. This is revealed by the port's fifth survey of companies throughout the cross-border port area.As a multimodal port, North Sea Port is strongly committed to sustainable...
Hamburg delivers 7.7 percent bulk cargoes increase in first half year
(Posted on 28/08/23)Both the tense economic situation in Europe, especially in Germany, and background geopolitical factors continue to have repercussions on throughput in the Port of Hamburg. Despite these, Germany’s largest seaport can record a gain of 7.7 percent in bulk cargo throughput at 19 million tons. First-half general cargo throughput...
AD Ports Group delivers 66% year-on-year revenue growth in Q2 2023
(Posted on 21/08/23)Abu Dhabi based AD Ports Group has announced its financial results for the second quarter of 2023, reporting revenue growth of 66% YoY to AED 2.1 billion, driven by volume growth in key sectors, business diversification as well as local, regional, and international expansion both organically and through M&A. Revenue growth reached...
$7 million investment to enrich minerals portfolio in Sohar
(Posted on 14/08/23)SOHAR Port and Freezone in the Sultanate of Oman, has signed a land lease agreement with Sohar Noble Metals (FZC), for the production of Vanadium and Niobium metals in SOHAR Freezone. With a total investment of USD 7 million, this project will significantly enrich the minerals portfolio in SOHAR, enhancing industrial diversity....