* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Innovation at Scale: How P&G Transforms Business Through Technology – Procter & Gamble

    Revolutionizing Business: P&G’s Bold Journey into Technological Innovation

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Innovation at Scale: How P&G Transforms Business Through Technology – Procter & Gamble

    Revolutionizing Business: P&G’s Bold Journey into Technological Innovation

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Inept African Ports Miss Chance as Red Sea Attacks Reroute Ships

March 14, 2024
in Business
Inept African Ports Miss Chance as Red Sea Attacks Reroute Ships
Share on FacebookShare on Twitter

Africa’s inefficient and aging ports are hampering the continent’s chances of capitalizing on a surge in ship traffic that’s avoiding attacks by Houthi rebels through the Red Sea, logistics experts said.

Author of the article:

Bloomberg News

Bloomberg News

Colleen Goko

Published Mar 14, 2024  •  2 minute read

52utg7vlz[x]1oa}4)96[rw8_media_dl_1.png52utg7vlz[x]1oa}4)96[rw8_media_dl_1.png Sources: Flexport; Bloomberg Ter

(Bloomberg) — Africa’s inefficient and aging ports are hampering the continent’s chances of capitalizing on a surge in ship traffic that’s avoiding attacks by Houthi rebels through the Red Sea, logistics experts said.

The number of vessels sailing around the southern tip of Africa is up 85% from the first half of December, when the Iran-backed, Yemen-based terrorists intensified their attacks on ships, according to Clarksons Research. Some of the biggest beneficiaries are ports in South Africa, Madagascar, Mauritius, and Namibia, all of which have seen volumes rise, manufacturing and logistics company Fictiv Inc. said.

Advertisement 2

This advertisement has not loaded yet, but your article continues below.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.

Sign In or Create an Account

or

Article content

Article content

“However, most ports in Africa are inefficient and not in the best condition to be able to fully realize all the benefits,” said Vinny Licata, Fictiv’s head of logistics. “This is could be a real opportunity for Africa, but several ports were already congested due to inefficiencies. Investments are needed to enable them to compete.”

Merchant ships have largely avoided the route that would ultimately take them through the Suez Canal since the attacks started. Last week, a missile strike killed three crew members, the first confirmed deaths since the attacks began.

Currently, Africa accounts for about 6% of global maritime trade, despite approximately 90% of its imports and exports being transported by sea, according to Freight Right Global Logistics Chief Executive Officer and Founder Robert Khachatryan.

Freight costs from Asia to the US East Coast are projected to increase by 20% to 30%, with delivery times extended by two weeks due to the longer route around the Cape of Good Hope in South Africa, said Khachatryan.

It’s here that South Africa’s port-infrastructure problems — ranging from equipment breakdowns to staff shortages — hurt its competitive advantage. Shipping companies using the Cape route for east-west trade have largely avoided having to restock and refuel at South Africa’s maritime hubs due to their inability to provide services.  

Advertisement 3

This advertisement has not loaded yet, but your article continues below.

Article content

“This shift has directly benefited strategically located ports like Toamasina in Madagascar, Port Louis in Mauritius, and Walvis Bay in Namibia, which lie along the east-west route connecting Asia with Europe” as ships avoid South Africa, Khachatryan said.

Countries with the capability to quickly scale up port and logistical operations — such as Morocco and Ghana — could accommodate the increased demand for maritime services. 

“Their investment in port infrastructure in recent years positions them to manage the surge efficiently,” Khachatryan said. For other parts of Africa, “concerns arise from sea-piracy incidents near Somalia and Nigeria as vessels navigate around Africa,” he said.

Fragmented Politics

Rising traffic around the Cape of Good Hope could strengthen South Africa’s position in the BRICS club of nations and potentially in global trade negotiations in the longer term, said James Hill, CEO of MCF Energy Ltd.

Read more: BRICS to Grow as Saudi, Iran, UAE, Egypt, Ethiopia Join Ranks

“African policymakers may look at port-development strategies that will help to build intra-African and international connectivity,” Hill said. “Even after the conflict in Israel ends, the danger in the Gulf may continue as the Houthis may choose to retaliate against the US for their counterattack, meaning these benefits may continue.”

—With assistance from Adelaide Changole, Jeremy Diamond and Hayley Warren.

Article content

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Financial Post – https://financialpost.com/pmn/business-pmn/inept-african-ports-miss-chance-as-red-sea-attacks-reroute-ships

Tags: AfricanbusinessInept
Previous Post

Russia Goes to Vote With War Economy Lifting Living Standards

Next Post

Justin Moore’s clutch 3-pointer lifts Villanova past 24-point underdog DePaul in Big East

Ecology expands Washington state’s drought emergency – Columbia Basin Herald

June 9, 2025
Jane Goodall: ‘We must let local wisdom and science be ou… – observer.co.uk

Jane Goodall: ‘We must let local wisdom and science be ou… – observer.co.uk

June 9, 2025
Nanowires replace lost retinal cells – Science | AAAS

Nanowires Spark Breakthrough in Restoring Lost Retinal Cells and Vision

June 9, 2025
Cancer Daily Horoscope Today (June 21 – July 22) June 9, 2025: Lifestyle will improve! – India Today

Cancer Daily Horoscope for June 9, 2025: Get Ready for Exciting Lifestyle Changes!

June 9, 2025
Luka Mijatovic on Qualifying for World Champs: “I didn’t want to put any pressure on myself” – SwimSwam

Luka Mijatovic Opens Up on His World Championships Qualifying: “I Didn’t Want to Put Any Pressure on Myself

June 9, 2025
North America Creator Economy Market Size | CAGR of 19% – Market.us

North America’s Creator Economy Poised for Explosive 19% Growth

June 9, 2025

Three Trailblazing Women Celebrate Victory with Prestigious Frank Prize in Performing Arts

June 9, 2025

Hospice Workers Unite to Transform Care at University of Vermont Health Network

June 9, 2025
Immigrants’ courthouse arrests in NYC spur fear, calls for investigation – Spectrum News NY1

Immigrants’ courthouse arrests in NYC spur fear, calls for investigation – Spectrum News NY1

June 9, 2025
Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

How Technology is Shaping Labor Rights and Political Power Across Africa

June 9, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (678)
  • Economy (692)
  • Entertainment (21,597)
  • General (15,289)
  • Health (9,734)
  • Lifestyle (696)
  • News (22,149)
  • People (693)
  • Politics (699)
  • Science (15,911)
  • Sports (21,193)
  • Technology (15,678)
  • World (677)

Recent News

Ecology expands Washington state’s drought emergency – Columbia Basin Herald

June 9, 2025
Jane Goodall: ‘We must let local wisdom and science be ou… – observer.co.uk

Jane Goodall: ‘We must let local wisdom and science be ou… – observer.co.uk

June 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version