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New Market Research Report: South Africa Shipping Report Q1 2013

New Transportation research report from Business Monitor International is now available from Fast Market Research


Boston, MA -- (SBWIRE) -- 02/28/2013 -- Growth at South African ports is threatened by the global headwinds that are posing challenges for the country as a whole, namely the eurozone crisis and the China slowdown. 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 in 2013.

Headline Industry Data

- Richards Bay Port tonnage throughput in 2013 is forecast to increase by 1.3%. Over the medium term we project a 1.6% average annual increase.
- Port of Durban container throughput is forecast to grow by 4.7% in 2013. Growth will average 6.4% per annum in the medium-term forecast period to 2017.
- 2013 total trade growth is forecast at 3.8%, and to average 5.3% per annum to 2017.

Key Industry Trends

Ngqura To Continue On Growth Trajectory

BMI believes that the South African port of Ngqura, opened at the close of 2009, will see strong growth in the coming years as the country continues to develop its container-handling capacity. The port's deepwater draught and newly expanded capacity will help attract new business. While we caution that tepid growth in the South African economy poses a challenge to the port, we believe that private consumption should hold up well, which will support volumes at the facility.

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RBCT To Miss 2012 Target

BMI believes that the Richards Bay Coal Terminal (RBCT) will fall short of the aimed-for 70mn tonnes of throughput in 2012, despite significant investment in enhancing rail links to the facility. An oversupplied market has led to a dip in prices and exporters are unwilling to sell at these deflated prices. There are further risks to the downside in 2013 as the Chinese economy is set to slow.

Port Of Durban Plans US$30bn Expansion

The Port of Durban in South Africa is planning a major ZAR250bn (US$30bn) expansion to raise its capacity from 2.9mn containers to over 20mn. South African rail and logistics firm Transnet says Durban's new infrastructure could be at capacity by 2019. Although the expansion is seen as vital for the country's economy, environmentalists and residents who live around the port are anxious about industrial 'creep'.

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