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Nor Lines adds Rotterdam to LNG-powered Norway service
ROTTERDAM: April 22, 2018. Nor Lines, a subsidiary...

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AAL adds to its European agency network
SINGAPORE: April 19, 2018. Breakbulk and project c...

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DFDS to acquire Turkey's U.N. Ro-Ro
COPENHAGEN: April 18, 2018. European short-sea RoR...

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Etihad Cargo supports bustard relocation
ABU DHABI: April 18, 2018. In the past three years...

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New CMA CGM rail link between UK and China
LONDON GATEWAY: April 18, 2018. GB Railfreight, ow...

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Dutch add more short-sea capacity to London
LONDON: April 18, 2018. Dutch-based A2B-online Con...

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Saudia Cargo gets new CEO
JEDDAH, Kingdom of Saudi Arabia: April 17, 2018. F...

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Turkish Cargo to introduce new routes
ISTANBUL: April 17, 2018. Turkish Cargo is to begi...

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West Atlantic to operate Boeing's first converted 737-800...
Nor Lines adds Rotterdam to LNG-powered Norway service...
AAL adds to its European agency network
DFDS to acquire Turkey's U.N. Ro-Ro
Etihad Cargo supports bustard relocation
New CMA CGM rail link between UK and...
Dutch add more short-sea capacity to London
Saudia Cargo gets new CEO
Turkish Cargo to introduce new routes

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LEIPZIG: November 01, 2017. Volga-Dnepr Airlines used a two-tier racking system developed for its AN-124-100 freighter fleet to deliver 30 Mercedes on a recent flight to Luanda for the inauguration ceremony of Angola's new president, Joao Lourenco.

VD ANGOLAThe 110-tonne payload flew from Leipzig on behalf of the Angolan embassy and included 25 luxury sedans, three police cars and two heavily armored G-class vehicles.

Volga-Dnepr originally designed and built its two-tier racking system in 1996 to support the Paris to Beijing Car Rally.

On September 26, 2017 Lourenco was sworn in as the third president since Angola gained its independence from Portugal in 1975. He takes over from Jose Eduardo dos Santos who ruled the oil-rich nation for 38 years.

Lourenco, a veteran politician and lifelong member of the Popular Movement for the Liberation of Angola, campaigned on a promise to tackle corruption in the country.

At his inauguration Lourenco declared: "No one is so rich and powerful that they cannot be punished, and no one is so poor that they cannot be protected."

The historic handover of power comes as Angola experiences its worst economic crisis since the end of the country's civil war in 2002. Last year the inflation rate hit 42 percent leading the World Bank to demote the country from "upper-middle income" to "lower-middle income" status in 2017.

According to Soren Kirk Jensen, Chatham House associate fellow of its Africa Program, while oil revenue will remain an important contributor to the Angolan economy, more of it will need to be saved "for a rainy day" which will require other economic reforms including strengthening nonoil sectors; reducing the reliance on imports; introducing a more progressive tax system to capture some of the wealth accumulated during the economic boom; making public spending more efficient; and reducing the rapidly escalating levels of public debt.

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