Keywords: Shipping
The Tanger Med Port concluded the 2024 fiscal year with an impressive revenue of MAD 11.23 billion ($1.212 billion), reflecting a robust increase of 12.3% compared to the previous year. This prominent Moroccan port has established itself as a pivotal regional hub, facilitating significant national imports......
The Togolese startup Gozem has raised $30 million in a strategic funding round led by Al Mada Ventures, in collaboration with MSC Mediterranean Shipping Company. This investment brings Gozem’s total financing to $45 million since its inception in 2018, marking a significant step in the company’s......
The U.S. Department of Defense has added several prominent Chinese companies to its list of entities allegedly connected to China’s military. These include Tencent, the leading gaming and social media company, and CATL, the largest global electric vehicle battery manufacturer. Other companies listed......
In a significant escalation of military operations, the United States conducted precision strikes against Houthi targets in Yemen early Thursday morning, marking the first deployment of B-2 stealth bombers in the ongoing campaign against the Iran-supported group. The operation, targeting five underground......
In a significant development, salvagers have successfully towed the Greek-flagged oil tanker, Sounion, away from the shores of Yemen, averting a potential environmental disaster. The tanker, which had been under attack by Yemen's Houthi rebels, was safely moved to a secure location, preventing any......
In a dramatic escalation of maritime tensions, a Greek-flagged oil tanker, the Sounion, came under siege in the Red Sea on Wednesday morning. The vessel, carrying a crew of 25, was subjected to multiple attacks, leaving it engulfed in flames and drifting helplessly in international waters. The incident......
Marsa Maroc has emerged as the selected concessionaire for Terminals 1 and 5 at the Port of Cotonou in Benin, following a rigorous international selection process managed by Benin Handling S.A. This decision represents a pivotal advancement in regional port management, allowing Marsa Maroc to extend......
The maritime shipping industry is undergoing a significant transformation as it seeks to reduce its environmental impact and embrace decarbonization. According to the 2022 IPCC report, this sector accounts for 16% of global freight emissions and is responsible for 70% of the world's ton-kilometers......
A forthcoming direct shipping service is poised to inaugurate next month, heralding a substantial uplift in trade prospects between Morocco, Libya, Tunisia, and Spain. According to a report by the Tunis Afrique Presse Agency (TAP), this specialized container route will seamlessly connect the bustling......
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