‘It’s crunch time’ for the country – Busa Government debt has reached a point where it could take the country over the edge into a situation of enforced austerity measures by the International Monetary Fund (IMF), says Business Unity SA (Busa).
Africa’s newest container terminal due to come on line Walvis Bay’s new deep water container terminal is due to start operating on August 24 after it was officially inaugurated on Friday, August 2.
Shippers to face fines on misdeclared hazardous cargo Following a rise in maritime incidents this year – many relating to misdeclaration of dangerous goods – shipping lines are stepping up measures to prevent this in future and make shippers more accountable.
German shipping line sees turnaround in operating results German-owned shipping line Hapag-Lloyd has concluded the first half of the year with a significantly higher operating result than in the same period of the previous year as its earnings before interest and taxes (EBIT) increased to EUR 389 million, compared to the 91 million it recorded during the first half of 2018.