SAMSA: Smoke onboard Maersk ship, update on pharma material cleanup
NewsMaersk Cincinnati was berthed due to onboard smoke detection, while SAMSA intensified efforts to collect pharma materials from the ocean coastline.
AfDB loans Transnet US$250M
The African Development Bank (AfDB) is loaning Transnet US$250M to increase the company’s rail capacity
The 20-year loan to Transet – South Africa’s state-controlled, freight rail, ports, logistics and pipelines company – will be mostly spent on corridors carrying general cargo and containers. With socio economic well-being and sustainability being at the centre of many of AfDB’s activities, this new loan is seen as being important in helping Transnet meet South Africa’s national transport plan to shift freight from road to rail. The Government sees this as critical in the country cutting pollution and reducing overall logistics costs.
Transnet will use the additional funds to acquire new locomotives and upgrade various freight corridors as it plans for a network able to move 176M tonnes of cargo a year by 2020. Currently, the company’s Transnet Freight Rail system has a haulage capacity of just 80M tonnes.
To support this plan, Transnet has been very active in ordering new locomostives and equipment. Earlier this year, it signed contracts with two joint venture groups comprising General Electric South Africa Technologies and CNR Rolling Stock South Africa and CSR Zhuzhou Electric Locomotive and Bombardier South Africa for more than 1,050 locomotives.
These new units will be phased into TFR’s services between 2015 and 2017.
You just read one of our articles for free
To continue reading, subscribe to WorldCargo News
By subscribing you will have:
- Access to all regular and exclusive content
- Discount on selected events
- Full access to the entire digital archive
- 10x per year Digital Magazine