JOHANNESBURG, July 16 (Reuters) – South Africa’s Transnet on Friday said road closures and fuel and food shortages are constraining its supply chain despite improved operations at the ports of Durban and Richards Bay after days of unrest.
“The Port of Richards Bay has managed to clear all shipping backlogs. Terminal operations at the Port of Durban continue to improve,” the state logistics group said in a statement.
However, work to restart the suspended NATCOR rail line has been delayed due to remnants of looting activities strewn along the railway, Transnet said.
Service levels in the ports of Durban and Richards Bay have slightly improved since the start of Thursday working shifts, as the country begins to mop-up operations after protest action over the past few days.
Container shippings is experiencing significant disruptions as continued blank sailings on Transpacific routes reach unprecedented levels amid escalating trade tensions between the United States and China. Recent industry data reveals...
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to plague the transpacific market and demand elsewhere failed to match supply.
China exempted some U.S. imports from its steep tariffs in a sign on Friday that the trade war between the two countries could be easing, though China quickly knocked down U.S. President Donald Trump's assertion that negotiations were underway.
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