Transnet officially sanctions R93,4bn capex plan, outlines role for private sector

State-owned transport utility Transnet has officially approved an enlarged five-year capital investment plan, which should see it investing some R93-billion over the five-year period until 2015. The previous five-year figure to 2014, involved an...

R5,6bn Cape Town Container Terminal expansion on schedule

Over the past six months, Transnet Port Terminals (TPT) has phased in 16 rubber-tyred gantry (RTG) cranes at its Cape Town Container Terminal, where its R5,6-billion investment plan was progressing according to schedule. Under the five-year...

Trade nearly died last year, reflects Grindrod chief

“Clearly 2009 was a difficult year,” said Grindrod CEO Alan Olivier as he announced the shipping group’s results for the year ended December 31 in Johannesburg earlier this month.

Daewoo Shipbuilding wins $348m Angola order

South Korea's Daewoo Shipbuilding & Marine Engineering, the world's second-largest shipbuilder, said it had won an order from Angola worth about 400-billion won. Under the deal Daewoo would deliver five 160 000-tonne crude oil carriers to state...

Transport ‘command centre’ 
to be set up for World Cup

The Department of Transport (DoT) will set up a transport command and call centre for the 2010 FIFA World Cup, “to ensure efficient and effective transport”.

Grindrod's profit plunges as recession stalls trade

“Clearly, 2009 was a difficult year,” said Grindrod CEO Alan Olivier as he announced the shipping group's financial results in Johannesburg on Thursday. “The global recession and banking crisis clearly impacted on everyone in this market....

Safmarine will start Far East to East Africa service in March

Multi-trade shipping line Safmarine plans to introduce a new, direct, fully-containerised shipping service from the Far East to East Africa in March, it announced on Tuesday. The service, dubbed the Mashariki Express, would replace the existing...

SA Inc would use rail if capacity were available, survey shows

It seems transport parastatal Transnet would have more business knocking on its door were it able to provide more capacity to industry. Around 80% of companies which took part in this year's Barloworld Logistics supplychainforesight survey said...