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Transnet’s 700 Million Rand Cranes Boost Durban Port Capacity

Transnet SOC Ltd. today unveiled seven tandem-lift cranes that will almost double handling speed at the port of Durban on South Africa’s east coast.

The cranes, which cost 700 million rand ($77 million), were supplied by Shanghai Zhenhua Heavy Industries Co. (900947) Durban is the first port in the Southern Hemisphere to use the cranes, which will increase the speed to 33 gross crane moves per hour from 18, Transnet Chief Executive Officer Brian Molefe told reporters today.

The equipment is part of the government’s 300 billion rand infrastructure program and a further 39 ship-to-shore cranes are planned for the country’s seven other ports.

Durban is South Africa’s busiest port handling almost 63% of the country’s container traffic, or 3.6 million twenty-foot containers, or TEUs, a year.

To contact the reporter on this story: Niki Moore in Johannesburg at nmoore19@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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