LAST WEEK'S TOP STORIES ON FTW ONLINE

‘Radical action’ needed to address shipping overcapacity A “toxic mixture” of overcapacity, weak demand and aggressive commercial pricing is a threat to liner shipping industry profitability for the rest of 2015, said maritime analyst Drewry in its latest Container Forecaster report. Jo’burg-Durban by rail in two hours? Imagine travelling by train from Johannesburg to Durban in almost two hours or travelling by high speed train to any country in southern Africa. This is no longer a science fiction discussion with feasibility studies already conducted by Chinese and African governments and companies. Gold mining strike on the cards? The gold mining industry is bracing itself amid fears of a possible strike after the Association of Mineworkers and Construction Union (Amcu) declared a deadlock in the gold sector wage negotiations earlier this week. MSC to topple leading rival in TEU capacity? Mediterranean Shipping Company (MSC) may soon overtake leading rival Maersk with its share of the world’s largest f leet, if the orderbook is anything to go by. SA first African country to clear Chinese currency The South African Reserve Bank (SARB) has signed a memorandum of understanding (MoU) with the People’s Bank of China to “coordinate and cooperate on the supervision, oversight and clearing” of the Chinese yuan in South Africa.