Our container terminals handled 6,523 TEUs on average per day, down from 7,864 TEUs the week before. An increased average of ~7,165 TEUs (€10%) is anticipated to be handled over the next week. The Eastern Cape, and particularly the Western Cape, were still beset by weather delays. In addition to wind stoppages, the CTCT also had downtime from power outages and other system issues, and NCT also encountered delays because of the recently installed booking system.
Key Notes:
- An average of 6,523 TEUs were handled per day, with 7,165 TEUs projected for next week.
- TNPA Jan: TEUs: ↑1% (m/m) & ↑6% (y/y). Bulk: ↑28% & ↑27%. Vehicles: ↓20% but ↑27% (y/y).
- Rail cargo handled out of Durban was reported at 2,938 containers, up by ↑24% from last week.
- Cross-border queue: ↓1,0; transit: ↓0,8 hrs; SA borders: ~8,9 hrs (↑6%); SADC: ~4,4 hrs (↓17%).
- Global container freight rates have declined by another ↓1,3% (or $26) this week, falling to $1,959/40’.
- Global air cargo demand is up for a 5th week – by ↑2% (w/w) & ↑6% (y/y). Capacity is up by ↑25% (y/y).
Port operations – General:
- At our container terminals, an average of 6,523 TEUs was handled daily, a decrease from 7,864 TEUs the previous week.
- For the coming week, an increased average of ~7,165 TEUs (↑10%) is predicted to be handled.
- Weather delays continued to plague the Eastern Cape, and especially the Western Cape.
- Additional system-related delays were incurred with the CTCT experiencing not only wind stoppages, but downtime due to power outages and system challenges, and NCT experienced delays relating to the newly implemented booking system.
Read more:
Cargo Movement Report – Full Report
Cargo Movement Report – Summary Report