Significant increase in cross border cargo volumes
17 December 2018 | Business
Key commodities transiting on the routes include copper, vehicles, frozen products, machinery and equipment, and consumables, among others. This growth is testament to the competitive offering via Walvis Bay pertaining to reduced time, high reliability and security as well as efficiencies achieved along our corridors.
According to Cindy-Lu Hasheela, the marketing and communications manager for the Walvis Bay Corridor Group (WBCG), cargo volumes along the Walvis Bay Corridors have increased steadily in 2018, with 590 000 tons of cargo destined for neighbouring countries recorded as at October 2018.
“This equates to an increase of 19.8% for cross border cargo moving through the Port of Walvis Bay. It is expected that the final volumes along the corridors should close the year off at an estimated 36% higher than 2017.”
Growth in cargo volumes was driven by the Walvis Bay-Ndola-Lubumbashi Development Corridor (WBNLDC), specifically destined for the Zambian and DRC markets which achieved an impressive 46 000 tons average per month.
Hasheela added that volumes destined for the Zimbabwe market has similarly grown by 48% with mainly break-bulk being transported through the Port of Walvis Bay.
Although markets such as Zimbabwe, Zambia and the DRC have experienced stronger growth than other markets, the Angolan market has seen a slower growth. Interest in the Angolan market is, however, slowly on the upturn.
“Our increase in volumes, once again, reaffirms that the Walvis Bay Corridors are becoming the preferred trade route when it comes to importing and exporting through the Port of Walvis Bay, to and from southern Africa,” emphasised WBCG acting CEO Clive Smith.
“The record increase in these volumes is testimony to the success of our efforts to increase accessibility to our markets via the Walvis Bay Corridors.”
The port of Walvis Bay also shares the first position alongside the Port of Durban as the preferred one to use for moving cargo into and out of the region, according to recent survey on the ports servicing the region conducted by a South African based publication, Freight & Trading Weekly.
The study affirmed the Walvis Bay Corridors as a prominent alternative for importers and exporters in the region and clearly implies a more efficient and effective service position using Walvis Bay, which offers a tremendous reduction in transit times.
Other ports included in the study are those of Beira, Cape Town, Dar es Salaam and Maputo.