A combination of the global slowdown and the low price of oil - which have curtailed Angolan demand for imports - seem to have put the mockers on Angolan port traffic.
First-half official figures for the Port of Luanda showed bulk traffic falling by 4% from 190 800 tonnes in January to 183 170t in June. Container traffic, meantime, absolutely plummeted by a whole 13.6% from 469 333 TEUs in the first half 2014 to 405 185 TEUs this year.
A combination of the global slowdown and the low price of oil - which have curtailed Angolan demand for imports - seem to have put the mockers on Angolan port traffic.
First-half official figures for the Port of Luanda showed bulk traffic falling by 4% from 190 800 tonnes in January to 183 170t in June. Container traffic, meantime, absolutely plummeted by a whole 13.6% from 469 333 TEUs in the first half 2014 to 405 185 TEUs this year.
But the Port of Lobito seems the worst hit.
When the local, weekly financial newspaper, Semanário Económico, spoke to the president of the Port of Lobito, Anapaz Jesus Neto, about traffic movement in the first half of the year, he told them: “We lost about 30% of our shipping, as in 2014 about 80 to 90 ships passed through Lobito per month and currently now between 35 and 40 on average pass through.”
