The Port of Ngqura, only in existence since 2002, has capped the last decade with an increase in cargo, especially through transhipments, Transnet said in a statement this afternoon.
“During this time,” the statement says, “over 2.5 m TEUs carrying transhipment cargo has moved through the terminal, creating over 700 direct jobs and contributing over R1.5 billion to the Eastern Cape economy. The noted economic activity and volumes in this short period landed Ngqura Container Terminal (NCT) the position of fastest-growing terminal in the world for two consecutive years (in 2012 and 2013).”
The milestone was achieved despite the 2015/16 financial year which “introduced many challenges”, resulting in “a dip in volumes of -17% growth”.
The decrease in through put was due to global economic pressures.
However, “recovery was finally confirmed successful when in the 2018/2019 financial year, volumes reached an all-time high of 36% growth, which equates to 829 813 TEUs”.
