http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 17.83Change: 0.14
R/$ = 15.85Change: -0.04
Au 1238.77 $/ozChange: -14.98
Pt 956.50 $/ozChange: -6.00
 
 
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 About Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Apr 25, 2012

SA remains key sector in shipping industry

Back
Africa|Efficiency|Engineering|Export|Maersk Line|Ports|Projects|Safmarine|Sustainable|Africa|South Africa|Grant Daly|Infrastructure|Jonathan Horn|Operations|Middle East
Africa|Efficiency|Engineering|Export|Ports|Projects|Sustainable|Africa||Infrastructure||Operations|
africa-company|efficiency|engineering|export|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
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
 
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Transport & Logistics News
Updated 6 hours ago Consulting company Aurecon has appointed Carlos Seara as its Angola country manager, effective March 1. Seara, who has over two decades of experience in the engineering industry, would succeed Tony Barreto dos Santos who would retire at the end of the year.
Atterbury Property Developments director Coenie Bezuidenhout
Atterbury Property Developments is developing a R850-million, 103 000 m2 industrial and business park at the intersection of the N3 highway and Rand Airport road, next to the Elandsfontein interchange. Atterbury designed the park on a site it acquired in Gosforth...
President Jacob Zuma has announced that R7-billion has been committed to new port facilities. Delivering his State of the Nation Address in Parliament on Thursday night, Zuma said government was concerned that South Africa did not own vessels while the country was...
More
 
 
Latest News
Updated 6 hours ago The Competition Tribunal on Friday gave a conditional go-ahead for mobile operators Cell C, MTN and Vodacom to buy out their respective subscriber bases, as South Africa’s last independent service provider Altech Autopage calls it a day. The Allied Electronics...
Updated 6 hours ago The drought in Southern Africa could become one of the worst on record should the current below-normal rainfall continue, the United Nations (UN) World Food Programme said this week. The El Niño conditions presently being experienced in the region had resulted in a...
Updated 6 hours ago Kelibone Masiyane has been appointed the new MD of PPC Zimbabwe, succeeding Njombo Lekula, who had recently been redeployed as MD of PPC’s international operations. Masiyane would be supported by new PPC commercial director Iain Sheasby and new PPC GM of finance...
More
 
 
Recent Research Reports
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
 
 
 
 
 
This Week's Magazine
WIDENING FLEXIBILITY The trailers have a 3-m-wide (2-file) and 4.3-m-wide (2-file) configuration
Lifting, transporting, installing and ballasting solutions provider Ale has expanded its global fleet of trailers and invested in the latest range of widening trailers that can be mechanically widened from 3 m to the desired width for any project. Ale ordered 48 axle...
The market for the BMW 7 Series in South Africa differs quite significantly from the rest of the world. China, the US and the Middle East almost exclusively buy the long-wheel-base version, using the German manufacturer’s luxury high-end sedan as a chaffeur-driven...
January new-vehicle sales fell by 6.9%, to 48 615 units, compared with the same month last year. Statistics released by the Department of Trade and Industry show that the domestic new passenger-car market declined by 6.1%, to 34 936 units, compared with 12 months ago.
Information technology (IT) equipment and infrastructure multinational Dell is providing open infrastructure systems for clients so that they can use any systems, including innovative new systems, that suit their business needs, says Dell Europe, Middle East and...
South Africa’s State-owned defence industrial group, Denel, has set up another international partnership, based in Hong Kong. This new subsidiary is Denel Asia and it is a joint venture (JV) with South African private sector company VR Laser.
 
 
 
 
 
 
 
 
 
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 $149 Close
Subscribe Now for $149