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.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation