The dramatic decline in shipping lines’ earnings before interest and taxes (Ebit) in Q1 reflects the fast-normalising trade pattern of the past few months. And while there were indications of a weakness in the market in the second half of 2022, which has...
A major South African importer has criticised the Port of Durban for its “notorious” poor performance and congestion woes, noting that some lines are now bypassing the harbour. Hudaco Industries, which specialises in the importation and distribution of high-quality...
2022 is likely to see a replay of last year’s serious port disruptions – and exporters have been warned to be aware and be prepared. Citrus Growers’ Association CEO Justin Chadwick has advised stakeholders in his weekly newsletter that the performance of South African...
The perishables market is seeing new headwinds as a shortage of reefer equipment persists. Consequently, reefer freight rates are reaching a new high, and some perishable products are being priced out as the transportation cost exceeds their selling price. Since...
KwaZulu-Natal Premier Sihle Zikalala described the progress made in the R72-million upgrade of Mkhuze Airport on Tuesday as “a welcome booster shot” for the provincial economy. He made the remarks on the sidelines of his Operation Siyahlola (following up on our...
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