Logistics & Transport News South Africa

SA's bulk exports rose 4.3% year on year in February

SA's bulk export volumes rose by 4.3% year-on-year in February to 15.5 million tonnes, from a revised 54.6% (88.8%) surge in January 2018 to a record 20.8-million tonnes (25.4 million tonnes), data from the Transnet National Ports Authority (TNPA) showed on Monday.
Photo by Erwan Hesry on
Photo by Erwan Hesry on Unsplash

TNPA said there was an error in the formula calculation for iron ore in January 2018, which had been corrected in February 2018. Bulk exports excluding Saldanha were up 25.6% in the first two months of this year, to 21 million tonnes.

In January bulk exports out of Richards Bay, which is mostly coal, saw a 28.6% jump to nine million tonnes, while bulk exports out of Saldanha, which are mostly iron ore, saw a massive 90.6% surge to a revised 10.2 million tonnes (14.8 million tonnes).

This may in part be due to the shift in the Lunar New Year from January last year to February this year, so Chinese steel producers front-loaded their February iron ore and coal imports into January as steel production curbs, that were imposed during the winter months to ease pollution, were lifted in February.

In February bulk exports out of Saldanha fell by 17.7% to 5.2 million tonnes due to the above seasonal effect, while bulk exports out of Richards Bay grew by 19.1% to 8.9 million tonnes.

Bulk exports out of the other ports such as Durban and Port Elizabeth rose by 45.2% in January to 1.6 million tonnes and were up 30.7% to 1.5 million tonnes.

Source: BDpro

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za
Let's do Biz