http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.78Change: 0.21
R/$ = 13.14Change: 0.02
Au 1124.48 $/ozChange: -1.37
Pt 1001.00 $/ozChange: 19.50
 
 
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  
 
 
Dec 05, 2008

Ports capex programme to improve capacity and productivity

Back
Construction|Engineering|Harbour|Port|Building|CoAL|Environment|Export|Industrial|Marine|Ports|PROJECT|Projects|rail|Transnet|Equipment|Logistics|Rubber|Service|Infrastructure|Iron Ore|Iron-ore
Construction|Engineering|Harbour|Port|Building|CoAL|Environment|Export|Industrial|Marine|Ports|PROJECT|Projects|rail|Transnet|Equipment|Logistics|Rubber|Service|Infrastructure|Iron Ore|Iron-ore
construction|engineering|harbour|port|building|coal|environment|export|industrial|marine|ports|project|projects|rail|transnet|equipment|logistics|rubber|service|infrastructure|iron-ore|iron-ore-person
Download PDF
Transnet National Ports Authority Annual Report (0.38 MB)
 
Download PDF
Transnet Port Terminals Annual Report (0.41 MB)
 
© Reuse this




State freight logistics group Transnet announced in its 2007/8 yearly report that it will implement a robust capital expenditure (capex) programme over the next five years to ensure that capacity is created ahead of demand and that productivity is improved.

The parastatal comments that its Transnet National Ports Authority (TNPA) division’s five-year capex plan amounts to R17,4-billion, while its Transnet Port Terminal (TPT) division’s five-year capex plan amounts to R10,3-billion.

The group plans to expand capacity at its ports. This includes the expansion at the Port of Durban, where the widening and deepening of the entrance channel is under way, as is the redevelopment of Pier 1 as a container handling facility, and the increase in capacity of the car terminal.

Meanwhile, at the Cape Town harbour, the container terminal will be widened and deepened. Continued development will take place at the Port of Ngqura, in Port Elizabeth, within the Coega industrial development zone.

TNPA Capital Expansions
Transnet states that capex increased by 144%, from just over R1-billion in the previous year to R2,5-billion in the 2007/8 financial year.

The company states in its annual report that the TNPA’s capital expansion programme has progressed well. Consider-able progress has been made on the Durban harbour entrance widening and deepening project.

The dredging works and the construction of the new northern breakwater at the harbour are currently in progress.

The construction of Berth 306 at the Richards Bay Coal Terminal has been commissioned and was completed by Transnet Capital Projects ahead of schedule and within budget.

The TNPA states that at the port of Ngqura, the paving at the container terminal has been completed, and the construction of the additional quays has started. The TNPA has received approval from the Transnet board to construct an additional bulk liquid berth at Richards Bay.

Approval has also been granted for tug acquisitions for Port Elizabeth, Durban and Richards Bay. The division has awarded a tender for the supply of a new 4 200-m2 trailing suction hopper dredger.

TPT Capital Expansion
TPT’s capital spending for the 2007/8 year amounted to just over R2-billion, including capital- ised borrowing costs, compared with R1,7-billion in the 2006/7 financial year.

Transnet states in the report that considerable areas of expenditure for the year included the refurbishment and expansion of the iron-ore export facility at Saldanha Bay, the construction of a new container terminal at Pier 1 at the Durban harbour and the procurement of terminal equipment, such as ship-to-shore cranes and rubber-tyre gantry cranes.

Other areas of expenditure include the construction of a new container terminal at the Port of Ngqura, the expansion of equipment capacity at the Cape Town and Durban container terminals and the refurbishment of the manganese export facility in Port Elizabeth.

During the 2007/8 year, TPT began building a fifth container terminal at the Port of Ngqura. The report states that Phase 1 of the terminal is expected to be operational by October 2009, with a yearly capacity of 700 000 twenty-foot equivalent units (TEUs).

The division is in the process of creating an additional 4 000 bays at the Durban car terminal. On completion, the terminal’s capacity will have grown from one berth and 6 500 parking bays in 2006, to three berths and 14 000 parking bays. The project also increases rail connectivity to and from the terminal.

The report states that the re-engineering project at the Durban container terminal is expected to increase the capacity of the terminal from 2,3-million TEUs a year to 2,9-million TEUs a year.

The Cape Town port expansion project is expected to double capacity from the existing 700 000 TEUs a year to 1,4-million TEUs a year.

The Richards Bay multipurpose terminal has commissioned a new mobile crane. The crane has achieved loading rates of 250 t/h instead of the usual 120 t/h. This has resulted in a 50% improvement in turnaround time for vessels on which the mobile crane was used.

The division states that its core challenge at present is to grow the business and to create capacity ahead of demand.

TPT says that the capex plan provides for the expansion of container handling facilities at the ports of Durban, Ngqura and Cape Town, as well as the expansion of the bulk handling facilities at Richards Bay and Saldanha Bay.

TPT’s approved capex for 2008/9 is R2,7-billion. This includes the development of the Ngqura container terminal, the Saldanha iron-ore terminal phase 1B expansion, and the Durban container terminal re-engineering project.

The Cape Town harbour capacity expansion, the Port Elizabeth manganese terminal Phase 3 expansion, the Richards Bay dry-bulk terminal plant refurbishment and expansion, and other projects are also included in the approved capex.

More than 60% of the TPT division’s capex for next year targets expansion in capacity. This includes the new container terminal at the Port of Ngqura, the expansion of the Durban and Cape Town container terminals and the upgrade of bulk handling facilities at Richards Bay and Saldanha Bay.

Future Prospects
Transnet states that although the economic prospects for the year ahead remain challenging, volume growth is expected for the TNPA and the TPT divisions, as well as all other divisions of the parastatal.

The group states that the TNPA will deliver capital projects to provide port infrastructure capacity ahead of demand. It adds that port efficiency will be improved through the enhanced service levels, as well as increasingly efficient marine resource capacity at the port.

TPT states that although it faces the significant challenge of growing the business within the context of a changing commercial environment, the projected financial performance is positive, with increasing profitability margins and returns on investment.

Edited by: Laura Tyrer
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Ports and Shipping News
The ports of Cape Town and Saldanha Bay on Wednesday became the latest to go live with the Transnet National Ports Authority’s (TNPA’s) new R79-million Web-based Integrated Port Management System (IPMS), first introduced at the pilot site, the Port of Durban, in...
The South African Revenue Service (Sars) plans to unpack a number of new Acts that will change the landscape of the customs framework, and will provide some highlights of what to expect from an Act that has left the freight transportation industry somewhat...
Container shipping company Safmarine, a member of the Maersk group, has seen growth in global container trade slow to 1.1% for the first half of the year, compared with the same period last year, says new CEO David Williams. Williams, a South African, was previously...
More
 
 
Latest News
Updated 5 hours ago South African water utility Rand Water’s Sedibeng Regional Sanitation Scheme will be undergoing major upgrades to unlock residential and business developments in the Vaal area, as well as parts of the south of Johannesburg, the Gauteng provincial Department of Human...
Updated 5 hours ago State-owned entity Land Bank has posted a 9.3% drop in profit from continuing operations year-on-year, citing a decline to R352.5-million in the 2015 financial year from R388.6-million in the 2014 period. The bank’s net cash position improved from R1.47-billion to...
Updated 6 hours ago Power lines connecting the east African states of Tanzania, Uganda, Rwanda, Kenya and Ethiopia are expected to be completed within the next three years, helping improve supplies and power trading, a senior Kenyan official said on Thursday. Power shortages are common...
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
Parliament’s Portfolio Committee on Public Enterprises has welcomed the turnaround strategy of State-owned regional carrier South African Express (SAX). This was reported in a media statement issued by the Committee, following a briefing it received from the airline...
KARSTEN WELLNER The acquisition was aligned with the Ascendis international growth strategy of diversifying across different markets
Health and care brands group Ascendis Health last week announced its first international acquisition – an initial 49% stake in Spanish pharmaceutical group Farmalider for R210-million.
CYRIL RAMAPHOSA Attention needs to be paid to basic and secondary education, as well as higher education, vocational training and adult education
Deputy President Cyril Ramaphosa chaired a Human Resources Development Council (HRDC) meeting at the Pick n Pay regional offices in Johannesburg earlier this month, where it was revealed that baker was the third scarcest occupation in South Africa.
BRETT WALLACE Festo customers can physically test any electric drive applications in a controlled environment
The applications centre at multinational industrial automation company Festo’s Isando offices, in Ekurhuleni, will test and prove concepts and systems for clients to ensure that the systems deliver the intended value once installed, says Festo South Africa MD Brett...
Several Chinese companies plan to invest in infrastructure projects in Malawi, the Southern African country's investment and trade promotion body has revealed. Malawi Investment and Trade Centre CEO Clement Kumbemba says the prospective investors include China...
 
 
 
 
 
 
 
 
 
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