http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.14Change: -0.15
R/$ = 12.05Change: -0.20
Au 1200.03 $/ozChange: -6.12
Pt 1139.50 $/ozChange: -16.00
 
 
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|Africa|Logistics|Services|Infrastructure
Expertise|Port|Africa|Grindrod|Marine|Ports|Projects|Africa|Logistics|Services|Infrastructure
expertise|port|africa-company|grindrod|marine|ports|projects|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
DAVID HITCHMAN GAC Angola is working closely with GAC Shipping South Africa to reduce any shipment delays
Global provider of integrated shipping, logistics and marine services Gulf Agency Company (GAC) is aiming to increase its involvement in Angola’s oil and gas sectors. GAC Angola GM Michael Sturesson tells Engineering News that several major upstream projects are...
DURBAN AERIAL VIEW Elgin Brown & Hamer South Africa offers a full in-house service in all aspects of ship repair
Ship repair company Elgin Brown & Hamer South Africa (EBH SA), a division of heavy engineering group DCD Marine, says it is well positioned to service Southern Africa’s burgeoning offshore oil and gas sector and the increasing number of large cargo vessels that...
A-BERTH FACILITY FerroMarine Cape invested R60-million in the works, upgrades and facilities of the A-Berth facility
Local oil and gas upstream service provider DCD Marine Cape Town, is undertaking work on several large local oil and gas projects. Projects completed by DCD Marine Cape Town during the first quarter of 2014 include maintenance and upgrade works on two...
More
 
 
Latest News
South African mining and energy adviser Ted Blom has raised a litany of concerns about the state of power utility Eskom and has warned of runaway costs and shortfalls in coal and water, as well as rail capacity. Blom was surprised by the recent buoyancy shown by...
JSE-listed Astrapak will sell specialised packaging systems manufacturer Knilam to Mapflex SA for R17.7-million. The proceeds would be used to reduce Astrapak’s current level of gearing.
The last of the 26 mooring units comprising the Port of Ngqura’s automated mooring system (AMS) have arrived at the port and are expected to improve port efficiency and safety, further driving the Transnet National Ports Authority’s (TNPA’s) objective of establishing...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
Sappi Southern Africa CEO Alex Thiel
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.
 
 
 
 
 
 
 
 
 
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