LAST WEEK'S TOP STORIES ON FTW ONLINE

New crude oil terminal being built at Saldanha Bay Oiltanking Grindrod Calulo Holdings (OTGC) – a subsidiary of Germanbased Oiltanking – and Mining, Oil and Gas Services (Mogs) have concluded a joint-venture agreement to construct a commercial crude oil storage and blending terminal in the Port of Saldanha Bay. Mega-ship trend accelerates Mega-ships are both bane and opportunity for container lines, reducing per-container costs while simultaneously fuelling overcapacity that puts pressure on freight rates. SA drops a place in Global Competitiveness Index South Africa dropped one place in the World Economic Forum’s latest Global Competitiveness Index, ranking 53rd out of 148 countries surveyed. The country was placed second in Africa, second among the Brics economies, and third overall for financial market development. Sanral hits out at latest e-toll criticism The economic analysis of e-tolling by the Democratic Alliance’s Mmusi Maimane is shortsighted and displays a lack of understanding of the economics around road infrastructure and development, says Sanral. Airline almost triples cargo revenue for Q2 Air Seychelles saw an almost tripled increase in the amount of cargo carried in the second quarter of 2013 compared to the same period in 2012.