Transnet volumes down

Container volumes handled by Transnet Port Terminals slipped by 4.5% to 4.37m teu in the year ending on March 31, 2016.

The decline occurred due to falls in transhipment, vehicle and transport equipment imports and exports of electronics, base metal and chemical products, caused by low demand both locally and internationally.

According to a company statement, lower transshipment volumes were the result of shipping lines streamlining their routes and minimising port calls to save costs.