By Tanisha Heiberg JOHANNESBURG, Sept 11 (Reuters) – South Africa’s Transnet said on Tuesday it will spend 7 billion rand ($464 million) to deepen berths at Africa’s biggest container terminal in the port city of Durban to accommodate larger vessels.
Transnet, which operates nearly three-quarters of the African rail network, the bulk of which is in South Africa, aims to complete the work by 2023, it said in a statement.
Transnet said the project at the Durban port, which handles around 65 percent of South Africa’s container cargo, will include the reconstruction, deepening and lengthening of berths 203 to 205 for the larger ships.
The state-owned logistics firm has been embroiled in allegations of corruption involving procurement contracts worth around 54 billion rand.
It placed its chief executive and two other senior officials on suspension in August pending investigations. ($1 = 15.1125 rand) (Reporting by Tanisha Heiberg Editing by James Macharia)
Moody’s Ratings has released a report on the potential dockworker strike at U.S. East and Gulf Coast ports, indicating that while a brief shutdown would hurt ports, it would not...
By Gavin van Marle (The Loadstar) – As the possibility of strike action at ports on the US east and Gulf coasts draws nearer by the day, container shipping lines serving...
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September 18, 2024
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