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Africa

News on Africa.

DP World boosts strength in Africa

Over the past two years, terminal company DP World has gone from having partnerships with five African countries to now having seven African partners. The continent's significance is rising for the terminal company which highlights explosive growth in Africa's global trade.

APM Holding behind new USD 550 million Africa fund

APM Holding joins forces with Danish pension funds PKA, Pension Danmark, and Lægernes Pension to establish a fund for investing in Africa totaling USD 550 million under the name Afrika Infrastruktur Fond. Well-known Maersk executives will head the project.

SeaIntel: Ships use far less time in African ports

In the past year ships spent less time in ports in East and West Africa, according to a new analysis. Overall port dwell times have gone down significantly in recent years, reducing costs for carriers, notes SeaIntel in new analysis.

APM Terminals invests huge sums in Morocco

APM Terminals will build and operate a new container terminal in Tangier, Morocco, and will invest EUR 758 million in the project, which is expected to be complete in 2019, writes the Maersk terminal and port operator. Maersk Line will be a vital customer.

Shipowners: We could lose Africa to the Chinese

European shipowners could lose out on the world's largest growth market in the sub-Saharan countries where jobs are often awarded to Chinese players, warn the shipowners. Delegates from EU nations should join the fray and help kick the door open, they note.

Full ownership is DSV's recipe for success in Africa

Acquisitions and full ownership in the African nations companies is part of DSV's recipe in the region, where the company is on its way to become a major player, says Michael Carstensen, Director of Development in South Saharan Africa, to ShippingWatch.

APM Terminals: Africa is promising but also challenging

Some of the billions the Maersk Group's port operator APM Terminals is expected to invest in over the decade will be spent in Africa. The continent is full of promises but also brings challenges, Peder Søndergaard, CEO for Africa and the Middle East division of APM Terminals, tells ShippingWatch.

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