Wednesday, September 20, 2017

Maersk freight forwarding arm Damco sees $8m loss in 2017 first half

Damco, the freight forwarding and logistics arm of Danish container shipping giant Maersk, reported a $8m loss on turnover of $1.24bn in the first half of 2017, down from a profit of $12m last...

Kenya’s SGR loan repayment to last 40 years (2023-2063)

Kenya's SGR loan will last 40 years with first loan installment being made in August 2023 after a 10 year grace period. The Sh319 billion by Chinese Exim Bank loan borrowed in August 2013...

KRA lifts 24 hour coastline ban operations

Kenya Revenue Authority (KRA) has lifted a 2014  24 hour coastline ban operation on all  importers, shippers and clearing agents, effective 1st August 2017. In a statement, the taxman said that  all dhows operating along the gazetted...
ferries

KFS launching of Ksh2 billion new ferries on hault

The Kenya Ferry Services (KFS) is yet to know whether it will launch two new ferries purchased at a cost of Ksh2 billion from Turkey. According to KFS, the court should lift the suspension for...

Dry Port explained

A dry port is an inland inter-modal terminal directly connected to seaport(s) with high capacity transport means, where customers can leave/pick up their standardized units as if directly to a seaport. An inland port is a port on...

Mombasa Container Terminal Operating System (TOS)

The Container Terminal at the Port of Mombasa has a capacity of 1.1 Million TEUS with a compliment of equipment shown below that assist in the discharge and loading of vessels, stacking and unstacking...

World Bank approves $ 345 million loan to Dar es Salaam Maritime Gateway Project

The World Bank early this month approved a $345 million loan and a further $ 12 million grant for the expansion of Tanzanian port of  Dar es Salaam towards its (DSMGP)  The Dar es...

Imports delay leading to price hikes of wheat flour

Kenyan consumers are facing more delays in wheat flour delivery, which leads to the increase in prices of the product. The ships carrying the wheat flour pay up to to $300,000 (Sh30 million) demurrage charges...

India’s solar-powered makeover trains

The next time you travel by train your coach is likely to be powered by the Solar Panels for supplying power to the Lights, fans, Air Conditioners, charging points etc. India has launched solar-powered trains...

Britex Air offers two-return flights on Nairobi-Kisumu route

Britex Air Services, a start-up airline, will have two return flights on the Nairobi-Kisumu route at 6.45am and 6pm and return to Nairobi shortly after landing. When demand picks, they will increase their frequencies. The start-up...
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