http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.13Change: -0.02
R/$ = 12.15Change: 0.15
Au 1186.25 $/ozChange: 0.45
Pt 1120.50 $/ozChange: -20.00
 
 
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, 2012

SA remains key sector in shipping industry

Back
Engineering|Africa|Maersk Line|Ports|Projects|Safmarine|Sustainable|Africa|South Africa|Grant Daly|Infrastructure|Jonathan Horn|Operations|Middle East
Engineering|Africa|Ports|Projects|Sustainable|Africa||Infrastructure||Operations|
engineering|africa-company|maersk-line|ports|projects|safmarine|sustainable|africa|south-africa|grant-daly|infrastructure|jonathan-horn|operations|middle-east
© Reuse this



South Africa remained a significant component of the global shipping industry, shipping line Safmarine CEO Grant Daly said on Wednesday.

Daly, who took the reins on February 1, told Engineering News Online that Africa accounted for more than 50% of all Safmarine import and export volumes, with South Africa contributing about 40% of those volumes.

South Africa was strategically positioned along world trade routes, held a prominent economic position in Africa and hosted a strong economy and growing market.

Further, the country, which Safmarine sees as a ‘gateway into Africa’, was well positioned to exploit global shipping trends of increasing trade with emerging markets.

“It has been one of the stronger performing economies over the last seven years,” said Daly, adding that it would continue to be a significant and essential market for Safmarine.

Meanwhile, Safmarine Southern African cluster manager Jonathan Horn noted that South Africa’s commitment to invest in infrastructure was a positive move.

Investments in infrastructure, particularly ports, terminals and rails, need to be “ahead of the curve” if the country was to remain efficient and competitive, he said.

Safmarine pointed out that more than 90% of South Africa’s imports and exports were transported by sea.

Horn said that while the company was not currently involved in any infrastructure projects, Safmarine was interested in becoming part of a public-private investment partnership.

Talking to Maersk’s intention of integrating the corporate and regional management activities of Safmarine into those of sister company Maersk Line, Daly pointed out that, despite undergoing internal changes, the consistency of what the group offered and represented, as well as its value proposition, remained the same.

Safmarine, which would remain focused on its core markets, namely Africa, the Middle East and the Indian subcontinent, was implementing new processes and establishing new structures in its operations.

Meanwhile, Daly said the industry was currently under significant pressure and that industry profitability was low.

He pointed to an imbalance between supply and demand, with supply increasing 10% compared with 5% demand growth and industry fragmentation, where the top ten carriers accounted for just over 60% of the cargo being moved globally.

Further, the cost of shipping a container was about the same as the cost in 2005. However, with inflation increases and reduced average freight rates, this was not sustainable, he said.

Safmarine intended to restore profitability by, besides others, increasing freight rates and continuing to deal with costs and seeking efficiency gains wherever possible.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Transport & Logistics News
State-owned freight transport group Transnet has announced that Richard Vallihu has been appointed CEO of Transnet National Ports Authority (TNPA) from April 1, following the retirement of Tau Morwe.   Vallihu, who has hitherto headed Transnet Engineering (TE), would...
Tanzania plans to spend $14.2-billion to construct a new rail network in the next five years financed with commercial loans, the transport minister said, as the country aims to become a regional transport hub. Tanzania, like its neighbour Kenya, wants to profit from...
The Airports Company South Africa (ACSA) has agreed to pay almost R2-million for fixing the prices of parking bays at OR Tambo International Airport in Johannesburg, the Competition Commission said on Monday. "In terms of the settlement, ACSA admits that it engaged...
More
 
 
Latest News
State-owned freight transport group Transnet has announced that Richard Vallihu has been appointed CEO of Transnet National Ports Authority (TNPA) from April 1, following the retirement of Tau Morwe.   Vallihu, who has hitherto headed Transnet Engineering (TE), would...
Eskom chairperson Zola Tsotsi
The chairperson of South African power firm Eskom said he faced a vote of confidence by the utility's board late on Monday, after being accused of acting improperly by suspending the chief executive. State-owned Eskom has implemented regular power cuts this year to...
Despite the “overwhelming” positivity surrounding the majority of the changes contained within the Private Security Industry Regulatory Authority (PSIRA) Amendment Bill, one clause has “unintended consequences” capable of damaging South Africa as an attractive...
More
 
 
Recent Research Reports
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.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
 
 
 
 
 
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
RESOURCEFUL The raw material for the pilot plant would be supplied from the dissolving wood pulp plants at Sappi’s Saiccor and Ngodwana mills, in South Africa, and the Cloquet mill, in the US
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...
 
 
 
 
 
 
 
 
 
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