Deeper Durban Brings South African Opportunity, Service Diversity Needed — Panjiva
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Deeper Durban Brings South African Opportunity, Service Diversity Needed

Corp - Ports 663 Corp - Shipping 610 Mode - Bulk 102 Mode - Containerized 1006 Mode - Seaborne 1275 South Africa 38

Transnet will invest $464 million to deepen the South African port of Durban to allow the berthing of large container vessels in a program that will run through 2023. The investment follows a surge in containerized freight growth in South Africa to 8% in the 12 months to July 31 from 2% in the prior three years. That’s been led by a 9% pickup in export volumes and outpaced wider freight growth. Alongside increase service capacity port users may also hope for increase service diversity – in the past 12 months MSC and Maersk accounted for 56% and 37% respectively of South Africa to U...

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