The developers of Nigeria’s proposed Calabar deepwater port have reportedly raised €500 million in financing for the project to date with dredging activities at the site now underway.
French shipping line CMA CGM Group has announced the launch of a new West African service linking Mauritania and Senegal with ports in Spain and Morocco.
Filipino port operator International Container Terminal Services Inc. (ICTSI) is hoping to complete two large scale port projects in Africa at sites with capacity of over 1 million TEU each, according to president Enrique Razon Jr.
The Kenya Ports Authority (KPA) has selected a shortlist of 12 firms to bid for the tender to run the second container terminal at the Port of of Mombasa and accelerated the deadline to commission the facility from March 2016 to November this year.
Financial terms for loans to develop the $1.5 billion Lekki port in Nigeria have now been agreed by the consortium of six banks providing funding for the project, according to managing director of the port, Haresh Aswani.
Moroccan authorities have launched the $396 million Wessal Casablanca Port project which will develop a new fishing port and shipyard in the country’s largest city as well as upgrading existing infrastructure.
Investment in Morocco’s PortNet single window system for logistics has delivered strong returns through higher efficiency and dramatically improved competitivity, authorities report.
As the importance of strategic alliances continues to grow for both shipping lines and terminal operators, the most effective hubs in future will be those that embrace the role of global partnerships, delegates at today’s session of the PFI Port Efficiency Forum in Casablanca heard.
Improving the efficiency of operations at Morocco’s ports will be a key part of the government’s strategy to maintain competitivity in the future. “Bringing the various actors in the port sector together is a vital first step to create strong port communities and improve efficiency,” Nadia Laraki, chief executive of Morocco’s Agence Nationale des Ports (ANP) told the PFI Port Efficiency Forum in Casablanca today.