South Africa: FPT to invest 23 million USD in development of facilities
is one of a handful of private companies in South Africa with port concessions
with fruit terminals in Cape Town, Port Elizabeth, Durban and Maputo. In a presentation at the Capespan AGM the potential of
the company’s port terminal operations was highlighted.
it has been reported that the local operations are surprisingly operating at less than a third of
full capacity – despite Capespan’s claims that FPT has notched up 50%
of the overall fruit market share in recent years (entailing shipping
one million pallets of fruit in the deciduous and citrus seasons to
It is a well know fact that containerisation is on the increase and will see a big growth in coming years, Danie Schoerman, Managing Director of FPT outlines how the company intends to cope with this increase.
“FPT Group have identified this as a continuing trend and has made a
strategic decision to grow its container capabilities and capacity. The
company has planned investments in redevelopments, acquisitions and the
development of hub and spoke networks on a national basis, which will
enable us to handle containers cost effectively.” Investment will reach up to two hundred million Rand (USD23,178,816).
FPT Group currently do specialized reefer vessels as well as handle
container stuffing and de-stufffing in the port. “Our Cape Town facility
also has a multipurpose terminal operator license as per the Ports Act
and is also registered as a container terminal operator as per the
Customs and Excise Act.”
Schoerman explains that the timescale for the expansions differs by region. The plan is to implement changes in the Western Cape over a two year period, while the Kwazulu-Natal and Northern regions are planned to be completed over a one year period.
When asked how much Transnet National Ports Authority will influence these plans, Schoerman said, “FPT enjoys a good relationship with Transnet
and will continue working closely with the entity in terms of future
developments. Some of these developments will be in direct competition
with Transnet Port Terminals, but only on some cargoes where there is
very little overlap. FPT Group’s plans are in compliance with its terminal operator licenses in the various ports.”
Publication date: 10/18/2012
Author: Nichola Watson
Article source: http://www.freshplaza.com/news_detail.asp?id=102071