Sea cargo pushed volumes in September

11 November 2021 | Economics

Windhoek ∙ [email protected]

Cargo transported through sea mainly dominated by consignments of frozen fish, zinc concentrate and imports of goods mainly of petroleum oil, sulphuric acid and copper concentrate was the main driver of the transport composite index in September 2021.

According to the Namibia Statistics Agency (NSA) transport sectoral report, Namibia transported 1 257 364 tonnes of cargo through rail, road, air and sea, compared to 1 052 427 tonnes and 1 249 640 tonnes that were transported in August 2021 and September 2020, respectively.

The sea cargo index that consists of sea-landed, sea-shipped and sea trans-shipped recorded an increase of 36.0% month-on-month, a slowdown from a growth of 38.6% registered in August 2021. On the other hand, the index declined by registering a marginal reduction of 0.8% over the year.

The total volume of cargo transported by sea in September 2021 amounted to 775 982 tonnes compared to 570 648 tonnes recorded in the preceding month. Whereas, the total volume of cargo transported by sea for September 2020 stood at 782 548 tonnes, NSA added.

In addition, the air cargo index registered a monthly increase of 4.3% in September 2021 compared to a reduction of 34.0% recorded in August 2021. While, on an annual basis, the index increased by 71.3% from a reduction of 62.0% in September 2020.

The increase recorded on monthly basis were mainly reflected on high volume of consignments of fresh fish or chilled, fresh and other fruits, vaccines and toxins, printed books, brochures and leaflets products transported via air cargo, NSA pointed out.

Road

Moreover, the road cargo index registered a monthly growth of 3.0% in September 2021 lower than a growth of 13.6% recorded for August 2021. Furthermore, the index increased by 21.4%, year on year, upward, when compared to a contraction of 12.5% recorded in September 2020.

The increase recorded on monthly basis is mainly attributed to high volumes of predominantly petroleum oils, frozen fish, salt and pure sodium chloride and beer made from malt transported via road cargo.

Lastly, the rail cargo index for September 2021 declined by 8.1% month-on-month compared to a growth of 20.9% registered in August 2021. Similarly, the rail cargo index declined by 28.4%, year on year compared to a growth of 19.6% recorded in September 2020.

The decline recorded on monthly basis is mainly attributed to low volume of earth, ash, gravel, cement and manganese items transported through rail cargo.

Overall, the transport composite cargo index recorded an increase on a monthly basis of 19.5% in September 2021 compared to a growth of 27.0% registered in August 2021, NSA said.

Similar News

 

Economic agents ‘reluctant’ on credit uptake

1 week ago - 04 January 2022 | Economics

Windhoek ∙ [email protected] Statistics released by the Bank of Namibia (BoN) indicated that private sector credit extension (PSCE) growth slowed to 1.7% year-on-year...

Breather for indebted consumer

2 weeks ago - 30 December 2021 | Economics

Windhoek • Jo-Maré Duddy Debt-ridden consumers, who owe commercial banks about N$62 billion, breathed a sigh of relief when the Bank of Namibia (BoN) said...

Trade misinvoicing: Namibia loses N$3.9bn annually

2 weeks ago - 28 December 2021 | Economics

Windhoek ∙ Ogone Tlhage Namibia lost US$152 million in trade invoicing imbalances against the world’s 32 biggest economies in 2018, and on average US$251...

Consumers are shark bait

1 month - 16 December 2021 | Economics

Windhoek • Jo-Maré Duddy Year-on-year (y/y), total debt owed to microlenders skyrocketed by 15.1%. In comparison, credit extended to the household sector by commercial banks...

Steady growth in house prices

1 month - 14 December 2021 | Economics

Staff Reporter The Namibian housing market appears to be at an inflection point, where pent-up demand and low interest rates are expected...

Investors spooked

1 month - 02 December 2021 | Economics

Windhoek • Jo-Maré Duddy If government gets its way, the Investment Promotion and Facilitation Bill will become law this week, giving the trade...

Rental index growth flatlines

1 month - 01 December 2021 | Economics

Although rental markets across most advanced economies are on a path of recovery due to the resumption of “normal life”, improved pace of Covid-19 vaccination...

Renewable energy transition requires investors

1 month - 30 November 2021 | Economics

Windhoek • Phillepus Uusiku Namibia has the world’s second highest solar irradiation regime, high wind power potential and potential for geothermal and bioenergy developments....

Telecom, CRAN reaches agreement on levies

1 month - 28 November 2021 | Economics

Staff ReporterThe Communications Regulatory Authority of Namibia (CRAN) and Telecom Namibia Limited reached a settlement agreement, closing a longstanding dispute on the legality of regulatory...

Significant improvements in the mining sector

1 month - 23 November 2021 | Economics

Windhoek • [email protected] The local mining industry underwent significant amount of investment last year in order to expand operations, implement care and maintenance and...

Latest News

The Audi Q5, SQ5 Sportback

14 hours ago | Motors

Following the Q3 Sportback and the e-tron Sportback, Audi now presents its third crossover utility vehicle, the first-ever Q5 Sportback. This coupé with dynamic lines...

Drones delivering to your doorstep

14 hours ago | Technology

Windhoek • [email protected] Namibia will most likely start using drones to deliver medicine to remote locations within the next few weeks.This comes after a...

More than the absence of...

14 hours ago | Health

Ideally, it is a state of mental well-being in which people cope well with the many stresses of life, can realize their own potential, and...

Suspected avian flu being investigated

2 days ago - 14 January 2022 | Environment

Swakopmund • [email protected] Following a major outbreak of avian influenza in South Africa’s Western Cape a few months ago that killed almost 25 000...

Taxi-tariff guide gives legal footing

2 days ago - 14 January 2022 | Infrastructure

Walvis Bay • [email protected] The recently published taxi-tariff guide by the Namibia Bus and Taxi Association (Nabta) to accompany the official taxi-tariff hike...

Boggelrugwalvis spoel uit

2 days ago - 14 January 2022 | Picture of the day

'n Boggelrugwalvis het gister laatmiddag by Langstrand Uitbreiding 1 tussen Swakopmund en Walvisbaai uitgespoel. Volgens 'n inwoner het die dooie walvis met laegety teen 'n...

Van Walvis tot wêreldklas animasieregisseur

2 days ago - 14 January 2022 | Art and Entertainment

Windhoek ∙ [email protected] Die Namibies gebore Reginald Amukoshi Emvula was een van die regisseurs van die animasiefilm Encanto wat Maandagoggend die Golden Globe-toekenning vir...

Maybe I was wrong –...

2 days ago - 14 January 2022 | Police

Windhoek ∙ Mathias Haufiku Police chief Sebastian Ndeitunga yesterday said he might have acted ‘ultra vires’ when he issued an internal memo to...

Shangula lambasts anti-vaxxers

2 days ago - 14 January 2022 | Ministries

Health and social services minister Kalumbi Shangula has implored vaccine sceptics to abandon the anti-vaccine campaign and to join the nation to successfully fight Covid-19...

Load More