A Financial Report on Port Elizabeth

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Port Volumes Port Elizabeth handled a total of 1,176 ships during the 2011/12 financial year ended 31 March 2012, with a total tonnage of 27,005,954-gt. Cargo handled during the fiscal year 2005/06 amounted to 11,755,469 tonnes including containers, of which 5,970,945 tonnes was bulk cargo, 1,729,880t was breakbulk, and 4,054,644 tonnes were containers. Imports (without containers) amounted to 2,006,010t and exports 5,659,668. Transhioment cargo handled was 35,147t without containers. The port handled 300,344 TEUs during 2011/12, of which 157,057 were imports including 74,655 transhipment TEUs and 143,287 were exports, including 77,558 transhipment TEUs. Port Facilities Port Elizabeth’s main features are the container terminal, fruit terminal and manganese terminal. The container terminal has a capacity in excess of 375,000 TEUs and has the advantage of being able to load railway trains directly under the gantry cranes, without containers having to be double handled, thus speeding up delivery to inland destinations. There are 5,400 ground slots for conventional container handling. The terminal has three quayside gantry cranes and is supported by a number of straddle carriers. Motor vehicle components constitute a large percentage of the container traffic at Port Elizabeth, with other commodities including steel, machinery, wool, and agricultural products making up the balance. The break bulk terminal handles a variety of agricultural products including wheat imports and fruit (deciduous and citrus) exports as well as steel, scrap, timber and motor vehicles. At the bulk facility the storage bins have a capacity of 350,000 tonnes of manganese ore, which is the major bulk export from Port Elizabeth. Smaller volumes of other ores are also handled here. The port offers bunker facilities at berths 13, 14 and 15 (ore and tanker berths), with diesel oil available at the Dom Pedro Quay (trawler quay).A full range of ships chandling and stevedoring as well as other support services is available. The port houses a yacht club and marina as well as a NSRI base. Looking ahead: Port Elizabeth faces losing some of its container business, and in the future all of its dry and liquid bulk traffic to the new port of Ngqura (Coega) which has been open since October 2009. The bulk terminals involving manganese exports and petroleum products at Guar are however not expected to be developed for some years as Transnet is locked in to existing contracts at Port Elzaibeth. Interestingly a Port Infrastructure Master Plan of justa few years ago made provision for extending Port Elizabeth harbour with a new quay to the east of and adjacent to the No.1 or Charl Malan Quay. Whether such a facility will ever be built appears unlikely due to the development of the Port of Ngqura a mere 20km away. SECTION 2. FINANCIAL DATA

SALES FORECAST (YEARLY)
YEAR YEAR YEAR
SALES 1 2 3
FINISHED GOODS 34560 51840 69120
SPEAR PARTS 5184 7776 10368
SERVIES.

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