Transnet South Africa to Invest Heavily in Logistics Infrastructure

Press Release
Monday, August 27, 2012

Breakbulk's first Africa conference discusses challenges, opportunities in moving breakbuld & heavy-lift cargo in & out of Africa.

South Africa's national transport company is planning infrastructure improvements that will move cargo from highways to rail, the chief executive of Transnet recently told 300 attendees at the first Breakbulk Africa Congress held on the African continent.

Transnet CEO Brian Molefe said the investment of R300 billion into capital infrastructure projects through 2019 will decrease transportation prices in a country where moving cargo costs more than five times what logistics providers pay in Europe and the U.S.

Molefe's plans for Transnet were part of two days of panels in which transportation and logistics experts discussed the myriad challenges and opportunities found in moving breakbulk and heavy-lift cargo in and out of Africa.

Attendees from more than 35 countries listened to descriptions of developing capital projects in East Africa, port productivity issues in West Africa, updates on the piracy threat to commercial shipping, and the increasing number of compliance regulations.

Sobantu Tilayi, chief operations officer at the South African Marine Safety Association, outlined SAMSA's plans to rejuvenate South Africa's ship registry, and a panel of transportation experts discussed the reasons for the dearth of coastal shipping in Africa.

The Breakbulk Africa Congress was sponsored by Kuehne & Nagel, Breadbox Shipping, Precision Specialized, Port of New Orleans, UTi, CMA-CGM, Heestership/ Copenship, Universal Africa Line, Cordstrap, Canada States Africa Line, Lanisource Project Logistics, Fairseas International, Darka Sudan & Fast Global Logistics.

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Kongsberg Expands Louisiana Office, Training Facility

Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business

HII Acquires Engineering Solutions Division

Huntington Ingalls Industries (HII) has acquired the Engineering Solutions Division of The Columbia Group, a designer and builder of unmanned underwater vehicles

Sjo Resigns from Polarcus Board of Directors

Polarcus Limited announced that Hege Sjo will resign from its board of directors effective February 2, 2015.   Sjo has accepted an appointment as Deputy Director

Ports

Congestion is Port of Long Beach’s Toughest Issue

Slangerup’s State of the Port address outlines goals for Energy Island, smarter supply chain   In his first-ever State of the Port address, Port of Long Beach

New Survey Vessel Ordered for the Port of London

The Port of London Authority (PLA) has ordered a new purpose-built survey catamaran, a CTruk MPC19, due to enter service on the river Thames later this year.   The

Yemen Lifts Force Majeure on LNG Deliveries

Yemen on Friday lifted force majeure on liquefied natural gas (LNG) deliveries from its Balhaf plant, trading sources with knowledge of the matter said. Reuters reported last week that the 6.

Finance

Shippers Must Monitor Greek Government Changes

Moore Stephens says shipping must monitor developments in wake of Greek government change   International accountant and shipping adviser Moore Stephens says

Chevron Scraps 2015 Share Repurchase Program

Chevron Corp halted its 2015 share repurchase program on Friday, a move to conserve cash amid tumbling oil prices.   The company's shares extended loses on the news,

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

Logistics

Congestion is Port of Long Beach’s Toughest Issue

Slangerup’s State of the Port address outlines goals for Energy Island, smarter supply chain   In his first-ever State of the Port address, Port of Long Beach

Shippers Must Monitor Greek Government Changes

Moore Stephens says shipping must monitor developments in wake of Greek government change   International accountant and shipping adviser Moore Stephens says

ISS Palumbo UK Acquires Union Transport

ISS Palumbo UK, part of maritime services provider Inchcape Shipping Services (ISS), has acquired U.K. freight forwarding specialist Union Transport (Newcastle) Ltd.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1622 sec (6 req/sec)