http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.99Change: -0.11
R/$ = 13.34Change: -0.04
Au 1133.57 $/ozChange: -1.28
Pt 1006.00 $/ozChange: -14.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Apr 25, 2008

Global port operator invests in port of Maputo

Back
Expertise|Port|Africa|Grindrod|Marine|Ports|Projects|transport|Africa|Logistics|Services|Infrastructure
Expertise|Port|Africa|Grindrod|Marine|Ports|Projects|transport|Africa|Logistics|Services|Infrastructure
expertise|port|africa-company|grindrod|marine|ports|projects|transport|africa|logistics|services|infrastructure
© Reuse this

Global port operator DP World has committed to the growing Mozambique port of Maputo, by investing more than $32-million in the Maputo Port Development Company (MPDC), and by creating a partnership with marine cargo transport firm Grindrod International and Mozambican company, Mozambique Gestores SARL.

DP World holds the concession to operate the container terminal at the Maputo port and is already a 60% shareholder in Maputo International Port Services, the container terminal operating company, with the Mozambique Ports & Railways Company holding the remaining 40%.

The terminal has 100 000 twenty-foot equivalent units (TEUs) of container capacity.

DP World has now purchased 48,5 % of Portuguese company Portus Indico Sociedade de Servicos Portuarios SA. Grindrod International holds another 48,5%, with Mozambique Gestores SARL holding the remaining 3%.

Portus Indico has a 51% interest in MPDC, which holds the concession for the overall port of Maputo until 2018, with an option to extend to 2028. Portus Indico also separately holds the agreement for the management of MPDC. The government of Mozambique holds the remaining 49% share interest in MPDC.

DP World CEO Mohammed Sharaf says, "We are pleased to have the opportunity to invest in Maputo. The port is the backbone of the economy and we look forward to helping develop the infrastructure there and contribute to the growth of Maputo and Mozambique."

He adds that Maputo is also one of the main corridors for the Southern African hinterland. "We plan to invest further in container handling facilities there, but we also believe there is potential to grow commodity traffic as well, and with our expertise in general cargo, bulk and break-bulk handling, we believe we can contribute significantly to fast tracking the growth in this cargo sector through Maputo."

He concludes, "We are very pleased to be working in partnership with Grindrod and Mozambique Gestores in Portus Indico. They are both experienced and professional operators in this market. Together, we have created a partnership that will support the investment required to build the port of Maputo into a notable force in the logistics chain in Southern Africa."

DP World is one of the largest marine terminal operators in the world. With the addition of DP World Sokhna, DP World has 42 terminals and 13 new developments across 27 countries.

The combined 2006 throughput of the company was about 42-million TEUs from the Americas to Asia, with a global capacity of more than 48-million TEUs. That capacity is set to increase in the coming years with a committed pipeline of expansion and development projects in key growth markets, including India, China and the Middle East. Capacity will rise to about 90-million TEUs by 2017.


Edited by: Laura Tyrer
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Harbours Infrastructure and Equipment News
CAPACITY ASSESSMENT Freight demand information enables WSP to do a capacity analysis to determine how many vessel berths are going to be needed for the various commodity types coming into the ports
Engineering professional services and consulting firm WSP/Parsons Brinckerhoff (WSP) was contracted by Transnet National Ports Authority (TNPA) under the TNPA Managing Contractor Framework Agreement to develop the 2014 National Port Plan (NPP).  Development of this...
PROJECT APPROACH Sucessfully upgrading the berth will require using a phased approach with limited construction access minimising disruption to the available quay space at the Port of Durban, which is already under capacity
SSAXSYS JV, a joint venture (JV) between construction group Stefanutti Stocks and enterprise development partner AXSYS Infrastructure has set the completion date for construction at Maydon Wharf, in Durban, in South Africa for December 2016. The contract to start...
INCREASED CAPACITY Maersk Line's investment plan will enable it to add capacity in line with growth in global container shipping demand while also replacing less efficient chartered tonnage
Global trade, shipping and energy conglomerate Maersk Line in March this year signed a new building order with shipping and logistics services supplier China Ocean Shipping (Group) Company (Cosco) Shipyard for seven 3 600 twenty-foot equivalent container vessels. The...
More
 
 
Latest News
Updated 8 minutes ago Italian energy group Eni said on Sunday it had discovered the largest known gasfield in the Mediterranean off the Egyptian coast, predicting the find could help meet Egypt's gas needs for decades to come. The Italian major said in a statement the offshore "Zohr"...
Updated 16 minutes ago Zambia expects slower economic growth and a bigger fiscal deficit this year as weak global demand for copper hits exports, documents released by the Ministry of Finance on Sunday show. Global commodity prices have dropped sharply on concerns that China's economy is...
Updated 1 hour 55 minutes ago President Jacob Zuma opened South Africa's first new power plant in 20 years on Sunday with a warning that the country's perennial energy shortages were hampering economic growth. Construction on the six-unit, 4,764 MW Medupi plant near Lephalale, about 350 km north...
More
 
 
Recent Research Reports
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Training company The Intelligence Transfer Centre will host the fourth yearly Environmental Crimes Conference at the Indaba Hotel, in Fourways, Johannesburg between September 9 and 10. Confirmed key regulatory bodies that will attend the event include the Department...
The government of Egypt has said it is ready to provide technical assistance to Malawi in the development of the Shire–Zambezi waterway, which is designed to link landlocked Malawi to the Indian Ocean by opening the two rivers for navigation. Egyptian ambassador to...
Kenya is finally set to start building a new multipurpose petroleum pipeline, after securing a $350-loan from a consortium of banks, including South Africa's Rand Merchant Bank. The other banks in the consortium are the Cooperative Bank of Kenya, Citibank's Kenya...
MARAIS VAN HEERDEN The owner/operator should be able to view the overall project design and progress made at any time
Three-dimensional (3D) engineering design models can now be viewed on tablets, which enable stakeholders to view the design without having to buy the design software used to create it, says engineering design firm 3DDraughting executive Marais van Heerden. The...
Ford’s newest offering in a long list of newcomers to the local market in the last two years is the B-Max multi-activity vehicle (MAV). The B-Max will play in the so called B-MAV segment, or the small MAV segment, currently dominated by Toyota’s Avanza, which sells...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96