MSC head provides carrier perspective on capacity crunch
Putting the current ocean freight capacity crunch into perspective, Mediterranean Shipping Company CEO Soren Toft told delegates at a Financial Times digital ‘Global Trade Secrets Summit’ that in the second half of 2020, the line had seen the same demand from clients as it would normally receive in a whole year.
Jury’s out over Thursday’s repo rate announcement
Following last week’s Medium-Term Budget policy statement, the financial focus this week shifts from fiscal to monetary policy when the South African Reserve Bank holds its last Monetary Policy Committee (MPC) meeting of the year.
SA port costs a fair reflection of efficiency – TNPA executive
Claims that port costs in South Africa are too high have been given due consideration, Transnet National Ports Authority (TNPA) has told an online media briefing about its operating model.
Maersk chooses SA brand for latest JV
A P Moller - Maersk has announced plans to enter into a joint venture with Grindrod Limited that will see the company acquiring a 51% share of the business.
TNPA view of satisfactory service delivery draws criticism
A report posted yesterday that Transnet National Ports Authority (TNPA) believes South African port charges to be a fair reflection of efficient service delivery, although these charges are perceived to be too high, has unsurprisingly elicited a fair amount of cynicism.
Supply chain's stake in modern slavery revealed
Heavily congested ports, lagging production because of workforce pressures stemming from social distancing, and now, renewed demand outstripping supply and sending soaring freight rates higher than ever before, have taken a huge toll on supply chains.
CFR go-getter bags a big one
Although Freight News doesn’t ordinarily cover awards, there are always exceptions, especially when a big one is scooped up, as is the case with Justin Goedhart, junior trade lane coordinator with CFR Freight and member of the South African Association of Freight Forwarders (Saaff).
Agri exporters worried about BEE ‘threat’
Fresh produce growers across South Africa are on tenterhooks over a notification that unless farmers furnish black economic empowerment (BEE) compliance certificates by December, they risk having their trading permits revoked by the Perishable Products Export Control Board (PPECB).
Are SA port costs too high?
South Africa’s private sector freight industry, for the most part, believes that the country’s port costs are too high.
More progress in efforts to address CT port challenges
Efforts to address ongoing challenges at the Port of Cape Town PoCT) are making headway, says Exporters’ Club Western Cape (ECWC) chairman, Terry Gale.
