Wednesday, January 17, 2018
Ports & Shipping

Ports & Shipping

China to invest US$7 billion on Africa’s Floating Liquefied Natural Gas (FLNG)

China plans to invest US$7 billion on Africa’s floating Liquefied Natural Gas (LNG) offshore plants in a bid to become the world’s lowest-cost seller with a production timeline of 2020’s. Despite the fact that spot...

Kenya losses malindi power plant to Tanzania

Africa’s largest wind power plant- Malindi power ,earmarked for Kenya’s coastline has been moved to neighboring Tanzania. The project estimated to cost of Sh253 billion has been relocated  citing frustration by Kenyan authorities. The Swedish...
port

First berth at the Port of Lamu to be ready next year

The Standard Gauge Railway will be linked to ten berths at the Port of Mombasa by the end of this year to boost cargo handling. So far, 13 berths have been linked to SGR to...

African Development Bank approves Kshs 16 billion loan for JKIA expansion

The African Development Bank (AfDB) has approved a $160 million loan (KSh16 billion) for the expansion of Jomo Kenyatta International Airport in Nairobi in a bid to make Nairobi an aviation hub. The expansion will...

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...

FREIGHT TRAIN CARRIAGES LEAVES CHINA FOR KENYA

Special trucks carrying 10 freight train carriages last Friday departed from Harbin, capital of Heilongjiang province, for Kenya to be used on the newly operational Mombasa-Nairobi railway. "The carriages, produced by CRRC Qiqihar railway stock...
Investors

KPA’s port development agenda impresses International investors

More than 100 international investors on a public–private business mission to Kenya have expressed satisfaction with the ongoing transformation of the port of Mombasa.  The investors drawn from Japan, India, France and the United Kingdom...

South Africa blocks merger of three Japanese container shipping companies.

The South African Competition Commission has blocked the proposed merger of three Japanese container shipping companies. The proposed merger of  Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kabushiki Kaisha (NYK...

Product tanker grounded at Kenya’s coast

A product tanker- Theresa Arctic, which ran aground off the coast of Kilifi in Kenya on June 20, could soon be refloated, according to local sources. The Netherlands-based SMIT Salvage, as well as the local salvage company Alpha...

Tanzania Uganda trade to re-open Mwanza Port Bell route

Mwanza Port Bell route is set to be re-opened after Tanzania and Uganda signed a Memorandum of Understanding (MOU) on joint ministerial cooperation and improvement of Ports, inland waterways and Railway transport in order...
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