The price of bunker fuel for the Port of Durban is still rising after Cockett Marine Oil recorded today’s price as $230.
Last week the price was jittery, falling to #210 on Thursday before bouncing back to $220 on Friday.
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“They aren’t moving 500 trucks a day but our land borders weren’t built for that.”
The countries have signed a memorandum of understanding to streamline freight flows.
Investors have been adjusting their expectations around US monetary policy amid heightened uncertainty about the strength of the US economy.
The government is serious about ensuring a trade balance between the countries.
The service is facing critical staff and equipment shortages and has had to apply for an extension to update its flight procedures.
Transiting the Cape of Good Hope is not the shipping line’s preferred route due to the navigational risks.
The company’s strong financial results were driven by improved port and terminal operations and higher revenue per container load.
Export demand rose by 15 points although selling prices per production unit declined in the first quarter.
Since October 2017, gas-rich Cabo Delgado has been facing an armed rebellion.
Housing and utilities and food and non-alcoholic beverages contributed most to annual price inflation in February.
It is unclear whether any of the officers were arrested for using government property.
