Recently published research from Business Monitor International, "South Africa Shipping Report Q3 2014", is now available at Fast Market Research
[EUPRwire, Wed Aug 13 2014] Growth at South African ports is threatened by the global headwinds that are posing challenges for the country as a whole, namely the China slowdown and the drying up of foreign inflows due to the raised possibility that the extraordinarily loose monetary policy that has been the norm in the US is tapered off. However, with continued investment in facilities, growth in private final consumption, and ever-expanding coal exports, we forecast growth in both total tonnage and container volumes at South African ports in 2014.
Headline Industry Data
* Richards Bay Port tonnage throughput in 2014 is forecast to increase by 4.2%. Over the medium term to 2018 we project a 4.8% average annual increase.
* Port of Durban container throughput is forecast to grow by 2.0% in 2014. Growth will average 2.8% per annum in the medium-term forecast period to 2018.
* 2014 total trade growth is forecast at 3.8%, and to average 4.4% per annum to 2018.
Key Industry Trends
Strike Violence At Ngqura: The South African port of Ngqura has been struck by the National Union of Metalworkers of South Africa (Numsa) strike that has affected business across the country. The strike began on April 25 and was still ongoing at the time of writing on June 5. The strike has not been peaceful, with properties belonging to workers at the port who have elected not to go on strike having been petrol bombed and vandalised.
Full Report Details at
Port Tariff Rises Lower Than TNPA's Demands: A proposal to increase port tariffs by 14.39% for FY14/15 by the Transnet National Ports Authority (TNPA) was quashed by the Port Regulator of South Africa. TNPA had asked the port regulator to raise the tariff by 8.5% and release excessive tariff increase margin credit provisions worth SAR454mn (USD42.79mn). Meanwhile, a 5.9% rise in tariff approved by the regulator came into effect on April 1.
RBCT Clears Backlog: Richards Bay Coal Terminal (RBCT) has struggled to deal with a backlog of vessels at its facility over recent months,...
The South Africa Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in South Africa.
BMI's South Africa Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in South Africa.
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