Transnet names Grindrod preferred bidder to develop Richards Bay box terminal
The process of privatising South Africa’s container ports took another step forward this week when ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Kenya’s major East African container gateway is currently undergoing a bidding process to select a terminal operator for its second box facility. The expansion project has largely been funded out of Japan’s international aid budget and the sponsor appears unhappy at the chaotic way the tender is being managed, with accusations of vested interests and corruption flying around Kenyan shipping circles. They largely centre over last-minute changes to the tender by the country’s treasury. This a long and detailed story from local paper The Star which illustrates some of the problems in the concession of container terminals in developing countries.
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