(MENAFNEditorial)
Growth at South African ports is threatened by the global headwinds that are posing challenges for the country as a whole namely the China slowdown and the drying up of foreign inflows due to the raised possibility that the extraordinarily loose monetary policy that has been the norm in the US is tapered off. However with continued investment in facilities growth in private final consumption and ever-expanding coal exports we forecast growth in both total tonnage and container volumes at South African ports in 2015.
Headline Industry Data
* Richards Bay Port tonnage throughput in 2015 is forecast to return to growth at 2.0% following a 2014 decline. Over the medium term to 2019 we project a 2.2% average annual increase.
* Port of Durban container throughput is forecast to grow by 2.5% in 2015. Growth will average 3.2% per annum in the medium-term forecast period to 2019.
* 2015 total trade growth is forecast at 4.3% and to average 4.4% per annum to 2019.
Full Report Details at
- http://www.fastmr.com/prod/944842_south_africa_shipping_report_q1_2015.aspx?afid=101
Key Industry Trends
Long-Term Congestion Risks From Delays To Durban Expansion: Expansion project delays at the port of Durban present medium- to long-term capacity challenges and congestion risks at Africa's largest container terminal. South Africa's port of Nqura will be able to pick up some of the slack.
Transnet Plans Hub Ports To Cut Shipping Costs: South African state-owned ports and rail operator Transnet plans to set up hub ports in order to accommodate larger vessels and cut down shipping costs. Port charges at South African ports are currently among the highest in the world with tariffs at the port of Durban 874% above the global average for containers according to a 2012 study by the Ports Regulator of SA.
Port Of Ngqura Sees Business Boost: The new South African Port of Ngqura is now the third busiest in the country according to the Institute of Shipping Economics and Logistics. The port developed by the National Ports Authority of South Africa and maintained by Transnet Port Terminals...
The South Africa Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news trends and regulatory developments in South Africa.
BMI's South Africa Shipping Report provides industry professionals and strategists sector analysts business investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in South Africa.
Key Benefits
* Benchmark BMI's independent shipping industry forecasts for South Africa to test other views - a key input for successful budgeting and strategic business planning in the South African shipping market.
* Target business opportunities and risks in South Africa through our reviews of latest industry trends regulatory changes and major deals projects and investments.
* Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.
Coverage
BMI Industry View
Summary of BMI's key industry forecasts views and trend analysis covering shipping major investments and projects and significant multinational and national company developments.
SWOT Analysis
SWOT (Strengths Weaknesses Opportunities and Threats) analysis of the state's shipping sector which carefully evaluates the short- and medium-term issues facing the industry.
Market Overview
Analysis of the capacity terminals and planned development of the major ports in each country including data on throughput and total tonnage.
Industry Forecast Scenario
Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).
Company Profiles
Company profiles include business activities leading products and services company strategy trends and developments and economic performance analysis.
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