If positive sentiment holds, a stronger rand will lead to lower import prices and scope for an interest rate cut in September.

In 2021 and 2022 DP World recorded a 5% year-on-year increase in fuel efficiency.

Stocks on the JSE also strengthened following the appointment of the new government ministers.

The IMO’s integrated technical cooperation programme has collaborated with the local port authority to develop the facility.

Phillips said if it was left up to the logistics utility, the ICTSI process would have been completed.

A network of more than 500km of automated conveyor belts could replace thousands of truck deliveries.

Industry considers measures unscientific and unnecessarily restrictive since SA has an effective risk management system in place.

Investments are crucial to enhance operational efficiency, ensure safety and clients’ diverse needs. – Aven Naidu, Avemel Logistics.

Governments, ship owners and flag states must step up to coordinate efforts, urges the International Transport Workers’ Federation.

Transport and logistics businesses can improve performance and safety by implementing environmental, social and governance goals.

The surcharge will be imposed on all tickets issued from June 26 for departures from the EU from January 1, 2025.  

Expected fuel price decreases are being driven almost entirely by movements in international product pricing.