Sunday , February 18 2018
Home / Shipping and Port / News / Freight / Malawi Opens Trade Waterway to Indian Ocean

Malawi Opens Trade Waterway to Indian Ocean

Malawi has opened a waterway linking inland countries to the Indian Ocean, which will increase trade opportunities for neighbouring Zambia and Zimbabwe.

The Nsanje World Inland Water Port is part of the 238km Shire-Zambezi River waterway, which follows the Shire River from Lake Malawi to the Zambezi River in Mozambique.

According to the Malawi Government, the total project will cost $6bn and includes funding from African Development Bank, World Bank and the European Union.

A 2005 study found Malawi could save a total of $175m of its annual import transport bill through the waterway, which is the country’s shortest link to the sea.

Once completed the waterway will cut imports and export transportation costs by 60%.

Check Also

Stranded Hoegh Osaka cargo ship successfully refloated

The Hoegh Osaka cargo ship has been refloated and towed to holding position, after it ...

Bulk Delivery Rate Sinks to Lowest Mark

Reports indicate that the global shipbuilding market is facing rough weather as new-build deliveries fall ...

Leave a Reply

Your email address will not be published. Required fields are marked *