Break bulk exports back on the rise
Statistics provided by the Transnet National Ports Authority (TNPA) indicate materials, including pig iron, paper, aluminium and chrome, increased in shipments by 54% from a low of 252 000mt in May to just under 400 000mt in June.
EXPORT of break bulk product at the Port of Richards Bay made a comeback last month after plunging by 21% in April and May.
Statistics provided by the Transnet National Ports Authority (TNPA) indicate materials, including pig iron, paper, aluminium and chrome, increased in shipments by 54% from a low of 252 000mt in May to just under 400 000mt in June.
It was the highest monthly figure for break bulk since December last year when the port handled over 440 000mt of product.
Bulk exports, on the other hand, decreased by 1.5 million tons (19%) month-on-month – indicative of the tough global coal industry taking a swipe at seaborne markets and local terminals.
Last year coal prices slumped owing to the combination of rising supply and falling demand for coal and the outlook for the next few years are no better as commodity prices continue to slumber.
Despite ‘feeling the pinch’, the Richards Bay Coal Terminal (RBCT) said it will not shy away from its R1.34-billion equipment replacement project and Grindrod confirmed earlier this year it will still push ahead with the R2-billion expansion plan for its Richards Bay RBT Grindrod terminal.
DID YOU KNOW?
Like our Facebook page and follow us on Twitter.
For news straight to your phone invite us:
BBM – 25A0BF5A or 2B7993C8
WhatsApp – 072 069 4169
