News
How Liberia, a small African nation became one of the world's biggest shipping powers without owning the ships
2+ day, 2+ hour ago (1015+ words) When tensions escalated once again in the Strait of Hormuz this week, one country's flag appeared repeatedly on some of the world's largest oil tankers - not the United States, the United Kingdom or China, but Liberia. According to S&P…...
World Bank ranks Cape Town last among 400 ports as shipping reroutes around Africa
3+ week, 3+ day ago (688+ words) The global shipping industry has spent nearly two years rerouting vessels around Africa as attacks in the Red Sea disrupt one of the world's most important trade corridors. Yet South Africa, the country best positioned to benefit from the shift,…...
Ghana wants to become West Africa's ship repair hub with "215 million UK-backed investment deal
1+ mon, 1+ week ago (563+ words) Ghana's latest "215 million investment agreement with the United Kingdom is about far more than headline investment figures. At the centre of the deal is a strategic ambition that could reshape the country's role in regional trade: turning the western port…...
Africa's richest country turns former military ship into artificial reef to attract tourists and boost marine economy
1+ mon, 3+ week ago (580+ words) Seychelles, Africa's richest country by GDP per capita and the continent's most tourism dependent economy, is expanding its ocean based tourism strategy after sinking a decommissioned military patrol vessel to create an artificial reef and underwater diving attraction. The Indian…...
Dutch shipping giant plans $600m expansion in Nigeria's ports amid Tinubu reform push
1+ mon, 3+ week ago (217+ words) Nigeria could attract about $600 million in fresh investment into its maritime sector after Dutch shipping and logistics operator APM Terminals signalled plans to expand its operations in the country. The proposed investment was disclosed during a meeting between President Bola…...
It costs more to ship from Lagos port to Accra than from Spain to Lagos - Dangote
2+ mon, 4+ day ago (386+ words) Africa's richest man, Aliko Dangote, has said it is often more expensive to ship goods from Lagos to Accra than from Spain to Nigeria, stressing the deep inefficiencies that continue to weigh on intra-African trade. Speaking in an interview with…...
Top 10 African countries with the weakest merchant marine fleet in 2026
2+ mon, 2+ week ago (310+ words) A weak merchant marine fleet may not appear to be an urgent concern at first glance, but for many African countries, it could be the difference between a strong navy and a vulnerable one. At its most basic, having a…...
World Bank approves $240 million for Benin and Mauritania to protect coastlines and create blue-economy jobs
3+ mon, 2+ week ago (415+ words) The World Bank has approved a $240 million financing package to help Benin and Mauritania protect their coastlines from erosion and flooding while expanding economic opportunities linked to the ocean. The funding marks the first phase of the West Africa Coastal…...
Nigeria secures "746m UK financing for upgrade of two major seaports
3+ mon, 3+ week ago (397+ words) Nigeria has secured a "746 million financing agreement with the United Kingdom to modernise two of its busiest seaports, a move the government says will strengthen the country's role as a maritime trade hub in West and Central Africa. The project…...
China'Africa trade route hit with new $600 shipping surcharge for containers
3+ mon, 4+ week ago (320+ words) Global container shipping group CMA CGM has announced a $600 peak season surcharge on cargo shipments from China to Nigeria and several West and Central African destinations, a move likely to raise the cost of imported goods across the region. In…...