Port of Antwerp to temporarily manage port of Cotonou
Staff Writer | December 23, 2017
Port of Antwerp International (PAI) has been appointed by the Council of Ministers of the West African country of Benin to modernise the port of Cotonou.Article continues below
This port is the economic heart of Benin, handling an annual freight volume of around 12 million tonnes. In the longer term, the port authority wants the port to grow further, but both the infrastructure and the organization are outdated. The government therefore decided to temporarily outsource the management of the port.
The importance of West Africa for the port of Antwerp can hardly be underestimated. Antwerp has the highest proportion of direct services to West Africa of all ports in Northwest Europe, which translates into a market share of almost 50%.
PAI is certainly not an unknown player in Benin. This investment subsidiary of Antwerp Port Authority already carried out various consultancy tasks in the port of Cotonou in 2017. The port has a strategic importance in the region, as it is also one of the main gateway ports for the sub-region, in particular the countries of Burkina Faso, Niger and Mali.
To further expand and strengthen this position, the government decided to temporarily outsource the management of the port, so that a reformed port authority could fully compete with the surrounding ports. After a selection procedure and negotiations, an agreement with PAI was reached.
PAI is a fully owned subsidiary of Antwerp Port Authority. Its core task is to exploit Antwerp’s knowhow and reputation around the world, by means of consultancy tasks, management tasks or the acquisition of participations. ■What to read next
A deep upper-level trough roughly over the Great Basin will move eastward to Northern New England by Wednesday.
Latest Ohio governor orders urgent evacuation of East Palestine after derailment
Mayor Adams announces COVID-19 vaccination will become optional for New York City workers
Georgian President Giorgi Margvelashvili leads coalition effort to save former President Saakashvili's life
Mild but strongest earthquake in over 20 years hit Western New York
Turkish Airlines cancels 170 flights due to expected adverse weather
New 7.6 magnitude earthquake strikes Turkey
No damage to Akkuyu NPP after earthquake, diagnostics underway
Sosandar non-executive chairman Bill Murray passed away
912 dead in Turkey, more than 230 in Syria after powerful earthquake, countries rush to offer aid
TAP crucial for Europe strategically and economically, says Greek official
Highlights: January 3o, 2023 - February 5, 2023
China allowed truck entry on border with Tajikistan
South Africa to construct new power transmission lines in northern province
Spain suffers amid severe shortage of drugs
Trending Now
Afghanistan, Pakistan sign draft convention to avoid double taxation
Azerbaijan to double gas supplies to Europe by 2027
India to ban hundreds of Chinese-linked betting and loan lending apps
UK and coalition partners announce price caps on Russian oil products
Fiji ends training and exchange agreement with China
Today We Recommend Highlights
hVIVO signs GBP6.8 million deal to test RSV antiviral drug candidate
DP World handled 79.0 million TEU
Strike action resumes at GSK pharmaceutical plant in Irvine, Scotland
Skanska to build science center in Virginia for $79.5m
Recharge Industries preferred bidder for Britishvolt
Exothera appoints Darren Leva as chief business officer
Vesta taps Shimon Steinmetz as CFO
Bruno Ultra Barcelos appointed managing director of Ethypharm UK
Syntach names Patrick NJ Schnegelsberg as new CEO
Chiesi appoints Giuseppe Accogli as new group CEO
Retailers in Slovakia were doing well in 2022, their turnover increased by 4.3%
German factory orders recover in December 2022
New Zealand: Consumer confidence, business sentiment increases in January
Turkey: Manufacturing PMI 50.1 in January
U.S. employment spikes in January, unemployment down
Skechers Q4 sales increased 13.5%
Bosch posts sales growth
Cigna income $6.7 billion
Aon Q4 income decreased 24%
ASSA ABLOY Q4 sales increased by 28%
Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
Flour mill opens in Herat province, Afghanistan
ESA: Iceland must urgently improve controls of poultry meat and poultry meat products
United States cattle inventory down 3%
Working group named to focus on large animal vet shortage in Kentucky
USDA announces steps to improve child health through nutritious school meals
Lucky CEO means bad luck for hiring company
Product images could boost food pantry use
The madness of fast service: I want it now!
How to build a resilient brand
Only 32% of employees believe their pay is fair
Poland: UOKiK fines 3 entrepreneurs with almost $228,000
Kerry pleads guilty and agrees to pay $19.228 million in connection with 2018 salmonella outbreak
UK: Serious Fraud Office secures three convictions in $500 million trade finance fraud
AG for District of Colubia: $1,950,000 available for eligible Drizly drivers as result of tip-theft investigation
North Carolina: 52 stores pay fines for price scanning errors in 33 counties
Magazine
Legend Rock Petroglyphs in Wyoming, history right in front of you
La Chandeleur in Paris: Crêpe Day for all of you
Tru by Hilton Monterrey Fundidora hotel opens in Mexico
IntercityHotel Berlin Airport BER opens
Art After School, the perfect way to spark imagination in your child
Honda Pilot TrailSport, fully equipped SUV with great ground clearance
2024 Corvette E-ray, electrified 4WD
Jaguar I-PACE is now more distinctive
2023 Toyota Prius expected this January
2023 Lincoln Corsair, advance features and ActiveGlide
Solios watches, from nature to luxury
Coats of faux fur, but not of faux style
Redifining kitchen space and experience with workstations
Dinning sofas, a soft addition to a modern dinning table
Patchwork carpets, vintage Persian carpets made with unparalleled skill
Harman Luxury Audio introduces new JBL Classic Series
KEF KC62, audio excellence and design ingenuity
Panasonic announces flagship OLED TV MZ2000
McIntosh MC451, 150 Watt vacuum tube and 300 Watt solid state amplifier
Headonia 2A3, luxury headphone amplifier that comes with gloves
Urinary incontinence, a condition that shouldn't be embarrassing
Synthetic opioids will be banned as UK government acts to stop drug deaths
Japan gives priority review status to Alzheimer's drug developed by Eisai, Biogen
Working group proposes on how to make Finland tobacco-free by 2030
Study: Merck COVID-19 pill linked to virus mutations
Astronomers observe light bending around an isolated white dwarf
Webb telescope catches early galaxy formation in action
Straigh and gay men both prefer masculine men for important jobs
Green comet to visit Earth after 50,000 years
Astronomers captured spectacular, ongoing collision between at least three galaxy clusters