TPT starts financial year off with increases in bulk, container volumes

17th May 2024 By: Marleny Arnoldi - Deputy Editor Online

TPT starts financial year off with increases in bulk, container volumes

State-owned ports manager Transnet Port Terminals (TPT) has recorded a 10% year-on-year increase in container volumes moved across all 19 of its terminals in the first six weeks of the 2024/25 financial year.

Bulk volumes and break-bulk volumes were also up by 5% and 17%, respectively, compared with the first six weeks of the prior financial year.

Automotive volumes were, however, 3% lower year-on-year owing to high stock levels that have forced importers to revise their imports orders as a result of low car sales.

TPT CE Jabu Mdaki attributes the increase in volumes to Transnet’s recovery plan, which has been focused on improving operational efficiency across the group. “We are doing our best to move more volumes despite our shortfalls on equipment,” he explains, adding that TPT’s performance is showing signs of recovery.

TPT has started with an equipment acquisition endeavour, with R3.9-billion of capital investment having been earmarked for 2024/25.

The entity is also ensuring availability and reliability of the existing fleet through a 24-hour maintenance regime and original-equipment manufacturers providing technical support and critical spares when needed.

Mdaki says TPT has received much support from its customers, including supply of equipment for the terminals to use and identifying equipment that is available for purchase globally.

TPT’s container segment has started exporting citrus, with TPT aiming to maintain good communication with depots and cold stores to achieve maximum flexibility regarding the opening stacks.

“It is crucial for the industry to make use of the entire 24-hour operational window at terminals to ensure a successful season,” Mdaki concludes.