African trade experts gather in Abidjan for the 25th Trade Finance Symposium organized by AFREXIMBANK

Emerging markets are increasingly feeling the pressures resulting from ongoing economic pressures, and Africa is no exception. The continent faces a major challenge: a trade financing gap estimated at $100 billion annually. This significant shortfall complicates Africa’s ability to fully engage in global trade and realize its economic potential. Read also: 5 major ports in…

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Argentina launches a new shipping service

State-owned shipping company Belgrano Freight and Logistics last month operated the first train carrying mining supplies from Chennault in Buenos Aires province to Olacabato, located in Salta province in northwestern Argentina. The inaugural train carrying 1,500 tons of supplies, including reagents, mining equipment and spare parts, ran 1,600 kilometers from Chennault to Olakabato, located on…

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Private equity-backed startup buys Mallory Alexander to launch ‘global logistics platform’

A new logistics-focused private equity platform has been launched following the acquisition of a majority stake in Mallory International, a Memphis-based shipping company. The buyers said Mallory would be used as a “cornerstone” to build a “global logistics platform”. CoPilot Global Logistics Holdings, in collaboration with Portland-based private equity fund Endeavor, announced… To read this…

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Arriva buys British train construction and maintenance group

The acquisition of RTS Infrastructure will expand Arriva’s capabilities in Britain. The acquisition will expand Arriva’s activities into the infrastructure construction business. RTS customers include Network Rail. ARRIVA announced that it has completed the acquisition of British company RTS Infrastructure. The deal significantly expands the Group’s maintenance and depot business and also enables it to…

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Railway lines were extended to the sea port of Ghent

Six 750-metre-long sidings are open to accommodate 740-metre-long freight trains. Belgian infrastructure manager Infrabel has reopened the Mercator freight yard at the Ghent seaport after modifying sides to accommodate 740-metre-long freight trains. Mercator Square is the second busiest square in the port after Gent-Seehafen Square. It serves nearby industries including the large Volvo car plant,…

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