MSC’s Africa Global Logistics Sees $43 Million Spend in Namibia

Bloomberg11-11

(Bloomberg) -- MSC Mediterranean Shipping Company SA’s Africa logistics unit will invest as much as €40 million ($43 million) in Namibia by 2030 to benefit from growing oil, gas and renewable energy ...

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Transnet rail volumes have dropped by more than a third since 2018, according to the company.Because of Transnet’s logistical challenges, “it creates opportunities for people like ourselves,” said Rombouts. AGL would consider a partnership on the rail corridor running from Durban to Johannesburg, he said. AGL also runs a terminal at Angola’s Lobito port, where copper and other critical minerals from the region are exported.  “You have the west and the east looking for the same minerals,” he said. “We will provide solutions in all the ports so we can play everywhere strategically important.”©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482013902"}