€250M fund for Dutch shortsea shipping

The African Development Bank (AfDB) is to lend Portos e Caminhos de Ferro de Moçambique EP (The Mozambique Rail and Port Authority – CFM) US$40M and act as a facilitator with other lenders to secure a further US$30M.

CargoBeamer, a leading European logistics service provider for rail intermodal transport of non-craneable semi-trailers, has successfully concluded an asset-based transaction regarding 40 of its railcars, of which 24 are from the company’s inhouse Erfurt assembly line

Shipboard equipment orders have been booked by SM Solution/Philly Shipyard and by China Merchant Heavy Industries (Jiangsu) Co Ltd   

The agreement includes €180M of capital investment as while Fondo Italiano d’Investimento and other co-investors led by it will acquire a minority interest of up to 33%

Container volumes across most US ports are down so far this year, though the Gulf coast remains a bright spot.

The European Union’s (EU) Global Gateway EU-Africa investment package and the European Investment Bank (EIB) are to finance improvements to the most northerly 229 km section of the road corridor linking Chad to the Port of Douala in Cameroon.