Connect with us

World

Hapag-Lloyd Expands Moroccan Footprint to Boost North African Presence

Published

on

Hapag-Lloyd

By Adedapo Adesanya

As its African expansion continues, one of the world’s leading liner shipping companies, Hapag-Lloyd, opened its own offices in Morocco on Thursday, September 16 as part of its development strategy in the refrigerated container transport sector.

With this additional presence in the country, the company continues to realize its growth ambitions in the most attractive markets of North Africa.

Morocco, being an important platform for the export of fresh produce, is part of Hapag-Lloyd’s development strategy in the refrigerated container transport sector.

The country is also famed for its exports of minerals, chemicals, textiles, and food products, especially to European countries. Imports consist mainly of electronics, spare parts, and food products.

Morocco is perfectly connected to the global Hapag-Lloyd network by the port of Tanger-Med, which is a strategically important port for the entire logistics industry.

Last year, Hapag-Lloyd acquired a 10 per cent stake in container terminal 3 (TC3) at the port of Tanger-Med 2.

The minority stake in the TC3 terminal helped to link the attractive African markets and the entire Mediterranean even more closely with the liner shipping company’s global network of services. By acquiring a stake in the terminal, the company ensured that it enjoyed the necessary capacities.

Speaking on this, Mr Juan Pablo Richards, Senior Managing Director Region South Europe of Hapag-Lloyd said, “The Moroccan economy has grown steadily over the last years. Many Moroccan shippers have already experienced Hapag-Lloyd´s services. With the opening of our new representation in the country, we strive to meet customers´ requirements for proximity and quality of service.”

Hapag-Lloyd’s presence in Morocco is achieved through three offices with the headquarter being Casablanca and two satellite offices in both Tangier and Agadir.

The company revealed that 47 shipping experts are looking forward to serving customers all over the country.

With a fleet of 250 modern container ships and a total transport capacity of 1.8 million 20-foot equivalent units (TEU), Hapag-Lloyd is one of the world’s leading liner shipping companies.

The company has around 13,400 employees and 394 offices in 130 countries. Hapag-Lloyd has a container capacity of approximately 2.8 million TEU – including one of the largest and most modern fleets of reefer containers.

A total of 121 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents operating in the Transatlantic, Middle East, Latin America and Intra-America trades.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Click to comment

Leave a Reply

World

Olam Agri, GIZ to Boost Staple Agriculture Supply Chains, Sustainable Food Production

Published

on

Olam Agri GIZ

By Aduragbemi Omiyale

A Memorandum of Understanding (MoU) to support sustainable food production at a range of scales towards climate adaptation while protecting and preserving soil health, biodiversity, and water resources has been sealed between Olam Agri and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).

The deal provides a framework that will facilitate collaboration between the two organisations across staple agriculture supply chains that include rice, cotton, and rubber in developing markets in Asia, Africa, and Latin America.

The aim is to improve the livelihoods of smallholder farmers, provide them with access to key services and inclusive opportunities; and establish sustainability and traceability across agriculture supply chains, aligning with Olam Agri’s purpose to transform food and agriculture for a more sustainable and food-secure future.

For joint projects, GIZ and Olam Agri have identified six priority intervention areas: nutrition-sensitive regenerative agriculture; harvest and post-harvest loss reduction; access to finance for smallholders; economic inclusion and rights; management of crop residues and reuse; and ecosystem services, including protection and restoration of ecosystems and carbon initiatives.

Both partners will continue to identify topics relevant across value chains and regions to drive innovation and scaling, with possible cross-sectoral issues including climate and carbon credits, landscape-scale approaches, and digitisation.

“We’ve shared a strong and fruitful relationship with GIZ over the years during which we’ve made significant inroads in transforming smallholder farming in several supply chains across many geographies to be more productive, profitable, and sustainable.

“I am thrilled to be signing this MoU with such a valuable partner that is GIZ and commit to collaborate even further to scale up our sustainability programmes in developing and emerging agriculture economies,” the co-founder of Olam Agri, Mr Sunny Verghese, said.

Also commenting, the Managing Director of GIZ, Anna Sophie Herken, said, “The signing of this MoU with Olam Agri marks a pivotal step forward in our collaborative efforts towards sustainable food production.

“I am very happy and grateful that we can deepen and broaden our cooperation efforts simultaneously. We look forward to enhancing the scope and impact of our successful projects in climate-smart farming.”

Continue Reading

World

Bitcoin, Other Cryptos Surge as Trump Takes Over White House

Published

on

Bitcoin on Breet App

By Adedapo Adesanya

Bitcoin (BTC), the world’s best-known digital currency, reached a fresh record high of $108,943 on Monday morning as Mr Donald Trump prepared to return to the White House.

The support from Mr Trump has boosted the crypto industry and after mentioning the asset’s record performance in a Sunday speech alongside gains in the broader US stock market, the prices have been heading north.

“Since the election, the stock market has surged and small business optimism has soared a record 41 points to a 39-year high. Bitcoin has shattered one record high after another,” Mr Trump said.

Business Post reports that some other tokens making gains include Ethereum (ETH), the second most valued coin which has gained 5.9 per cent to $3,349.93, Ripple (XPR) added 6.2 per cent to sell at $3.31, and Cardano (ADA) added 3.3 per cent to $1.07.

Mr Trump, who over the weekend launched a coin, has been vocal about his support for cryptocurrencies during his campaign and promised to make the US the crypto capital of the planet and create a strategic national bitcoin reserve, moves that have fueled investor optimism.

There are hopes that new policies and regulators will send the price of BTC and by extension, other coins much further this year as the US economy continues to show strength in the long term.

BTC reversed losses from earlier in the day when it fell to nearly $100,000 from a high over $102,000 on Sunday as incoming first lady Melania Trump issued a memecoin, drawing liquidity away from major assets.

Mrs Trump followed her husband’s lead by launching a multibillion-dollar cryptocurrency meme coin – briefly tanking the price of $TRUMP coin in the process.

A meme coin is a type of cryptocurrency inspired by trends such as internet memes with no inherent utility, and are often susceptible to price swings and crashes. Meme coins have been described by traders as a pure form of gambling and akin to buying a lottery ticket.

However, some crypto enthusiasts hailed the Trump meme coin’s release, saying it was symbolic of the incoming president’s support for an industry that felt unfairly targeted by the Biden administration.

Continue Reading

World

Nigeria Joins BRICS As Partner to Boost Trade, Investment

Published

on

BRICS Summit

By Adedapo Adesanya

Nigeria has joined the BRICS bloc of developing economies to boost trade and investment. It is not joining as a full status member but as a partner country.

According to a statement by the Ministry of Foreign Affairs to the effect, the country was admitted as a BRICS partner country during a BRICS summit in Russia in 2024.

This marked the country’s inclusion in a partnership with 12 other nations aimed at strengthening ties with the emerging economic bloc.

As a partner, Nigeria can engage with BRICS initiatives without the formal obligations or decision-making rights that come with full membership.

Full members, on the other hand, actively shape the bloc’s policies, benefit from broader access to resources, and have a more significant role in governance.

BRICS was established in 2009 by Brazil, Russia, India, and China, with South Africa joining a year later in 2010. In 2024, the alliance expanded to include Iran, Egypt, Ethiopia, and the United Arab Emirates (UAE).

Saudi Arabia has also received an invitation but has not yet formalised its membership.

According to the Ministry of Foreign Affairs, the formal acceptance to participate as a partner country highlights Nigeria’s commitment to fostering international collaboration and leveraging economic opportunities.

The ministry also said Nigeria is focused on advancing strategic partnerships that align with its development objectives.

The ministry noted that BRICS, as a collective of major emerging economies, presents a unique platform for Nigeria to enhance trade, investment, and socio-economic cooperation with member countries.

Business Post reports that Nigeria becomes the ninth BRICS partner country, joining Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan.

BRICS created to counterbalance the Group of Seven (G7), which consists of advanced economies. BRICS aims to amplify the influence of developing nations.

The term “BRICS” originated in the early 2000s as a label for emerging economies projected to become major global economic powers by the mid-21st century. The bloc has since evolved into a platform for addressing global economic disparities and fostering cooperation among rising economies.

Continue Reading

Trending