http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.96Change: -0.06
R/$ = 12.75Change: -0.01
Au 1081.65 $/ozChange: -8.21
Pt 979.00 $/ozChange: -9.00
 
 
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  
 
 
Aug 20, 2008

Transnet Port Terminals CEO says capital investments starting to pay off

Back
Port|Africa|Ports|Transnet|Transnet Port Terminals|Africa|Angola|Kenya|Equipment|Services|Infrastructure
Port|Africa|Ports|Transnet|Transnet Port Terminals|Africa|Angola|Kenya|Equipment|Services|Infrastructure
port|africa-company|ports|transnet|transnet-port-terminals|africa|angola|kenya|equipment|services|infrastructure
© Reuse this



The investment in equipment by State-owned Transnet Port Terminals (TPT) was beginning to pay off, CEO Tau Morwe said at a business-networking forum with the South African Chamber of Commerce and Industry on Wednesday.

The entity would be spending R10,3-billion on capital expenditure over the next five years, with an emphasis on new and replacement equipment at its port terminals.

Morwe commented that underinvestment in port capacity and equipment could lead to ship and cargo congestion, such as was recently seen in Kenya and Angola.

"With the lack of infrastructure investment in Africa, specifically in the ports sector, and with the vastness of the [African] continent, we will continue experiencing problems in this area," said Morwe.

He noted that creating capacity ahead of demand would remain the focus for TPT going forward, with container growth expected to double within the next eight years.

Morwe said that the only way to create capacity was around the concept of hubbing. He added that TPT would also continue to focus on developing its corridors leading to the port terminals, as this would, from an intermodal point of view offer the right services for its customers.

Further, Morwe explained that with investment in new equipment, TPT had already been making progress in terms of container moves an hour as it had managed to keep this above 16 moves an hour for 80% of the time in the recent past.

This compared with from below 16 moves to 18 moves an hour for 81% of the time during the 2000/1 financial year. TPT was targeting 25 container moves an hour during the 2008/9 financial year.

Morwe added that TPT had also made an agreement with the shipping lines that a 16-hour delay to berth should not be exceeded.


Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Updated 8 minutes ago JSE-listed Aveng has appointed McDermott International commercial senior VP Scott Cummins as CEO of its Asia and the Pacific subsidiary McConnell Dowell, effective October 1. Cummins would succeed outgoing CEO David Robinson, who was retiring this year, but would...
Updated 56 minutes ago The mass exit of thousands of Telkom employees came as no surprise, trade union Solidarity said this week. Nearly 2 400 employees had opted for Telkom’s voluntary severance packages (VSPs) and officially parted ways with the embattled company on Friday.
Updated 1 hour 14 minutes ago JSE-listed RCL Foods, through a shareholding in Hudani Manji Holdings (HMH), intends to enter the East African region with an “established reputable partner”, creating one of the largest processors and marketers of chicken in both Uganda and East Africa. The...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Road and Rail 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
Daimler truck test engineer Dirk Stranz pushes one button, and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.”
The statutory body responsible for skills development and support in the banking sector, BANKSETA, was investing R68-million in the capacity building project of the University of Venda (UniVen), announced Bankseta company secretary Caroline King at a media event in...
LIONEL MOYAL Cloud services providers must compete against other cloud services providers for business by providing up-to-date systems and services
Legacy information technology (IT) systems are becoming increasingly obsolete because of the maturity, efficiencies and cost effectiveness of cloud-based IT services, says information and communication technology major T-Systems subsidiary Intervate head Lionel...
ARMANDÉ KRUGER Balancing the collection and processing of data must be aligned to strategy
Many complementary services enable companies to derive broad value from data inside and outside them. The complexity of data management means that companies’ strategies determine the various data systems and functions they will use, says PBT Group regional sales...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...
 
 
 
 
 
 
 
 
 
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