Category: Freight Shipping
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Liberian ship becomes the largest container carrier to cross the Panama Canal
The Panama Canal Authority announced that on Friday, a 17,640-container Liberian-flagged commercial vessel broke the record for the largest container ship to pass through the canal in its 110 years of operation. The 366-meter-long, 51-meter-wide container ship MSC Marie crossed the canal from Mexico’s Pacific port of Manzanillo to a port on the Caribbean coast…
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Namibia denies entry to a ship possibly carrying Israeli arms
Local media reports that Justice Minister Yvonne Dausab demanded that the ship Kathrin, set to enter the port of Walvis Bay in Namibia, be denied entry. The Namibian government has not disclosed the type of military cargo potentially on board the Kathrin or the port where it was loaded.
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South Africa’s iconic luxury trains, Rovos Rail and The Blue Train, have been recognized as some of the world’s best
South Africa’s iconic luxury trains, Rovos Rail and The Blue Train, have been recognized as some of the world’s best, according to a recent ranking by Timeout The ranking, based on a survey conducted by Japan Rail Pass, analyzed Tripadvisor reviews, Instagram hashtags, and global search volumes to create an index score for the world’s…
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Ethiopia to build rail link between Awash fuel depot and Djibouti’s Horizon Terminal
This railway project aims to streamline oil loading services at the Horizon Terminal for Ethiopia, facilitate fuel transportation between the two nations, foster economic growth, and increase trade. The project is expected to be launched in the upcoming Ethiopian year of 2017 (Ethiopia will welcome 2017 on September 11). Following discussions between Ethiopian Finance Minister…
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After a 30-year pause, the railway connection between Algeria and Tunisia is officially back in operation
The National Company for Rail Transport in Algeria announced the resumption of services, with the inaugural commercial journey departing from Tunis on Sunday. The train line, covering a distance of 357 kilometers, will initially offer one daily service between Annaba in Algeria and Tunis, the capital of Tunisia, passing through several cities in both countries.…
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Italy Increases Tax on Foreign Billionaires
Prime Minister Giorgia Meloni has decided to raise the amount collected from 100,000 to 200,000 euros a year: it must be paid by wealthy foreigners living in the country and investing in its economy. In this way, the authorities hope to cover the budget deficit, which last year amounted to 7.4% of GDP. The measure…
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πͺπ¬Suez Canal Revenue Decline
Important information was conveyed by the head of the Egyptian Suez Canal Authority, Osama Rabi. He reported a significant reduction in the canal’s revenues by 25 percent in the last fiscal year. This is due to an increase in attacks by Yemeni Houthis on merchant ships in the Red Sea. Shippers have started choosing alternative…
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