I'M OF the opinion that we are looking at another costly "white elephant".
The massive intended funds to develop Coega should be used on the upgrading the present port operations in SA instead. Absolute waste of good money!!
Ron Peterson, Samsung.
Trickle traffic through the Strait of Hormuz, hugging the Iranian coastline at Qeshm and the islands of Hormuz and Larak, has brought no significant change to the closed-off waterway.Source: Research Gate
A new Sea-Intelligence analysis warns that resuming Suez transits could release 2.1 million TEU of capacity but may also unleash a wave of congestion at European ports.