Panama targets logistics

Even though short-lived, the ILA port strike is expected to result in a capacity decline of 10-17% for Asia exporters.

Panama needs more container terminal capacity, says the General Director at the Panama Maritime Authority.

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

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.