CAPETOWN: Economic growth prospects for Africa over the next 50 years present both opportunities and challenges for port terminal operators, writes Transnet Port Terminals chief executive Karl Socikwa.s
The International Transport Forum Transport Outlook 2015 estimates that trade between African countries will increase by 715 percent between now and 2050. International freight transport volumes are also expected to grow by 200 percent over the same period. This is not altogether surprising as volumes of trade through port terminals have to grow to sustain economic growth, jobs and food security across Africa.
Effectively this means that we, as port operators, have to look beyond the terminal gates in order to ensure the future sustainability of our operations and the local economy and that we have to take cognisance of the various challenges, including the health risks, that come with the predicted necessary expansions.
Shipping activity at Port Qasim on February 11
KARACHI: Three ships namely, Glen Canyon, Al-Salam- II and TSM Pollux carrying Containers, Gas oil and Palm oil were arranged...
