Grindrod suspends port operations in Mozambique after border closure
Nov 7 (Reuters) -Logistics company Grindrod GNDJ.J has suspended port and terminal operations in Mozambique after South Africa temporarily closed the main border with its northeastern neighbour over safety concerns after a violent crackdown on post-election protests, the company said on Thursday.
The suspension will hit the movement of goods and commodities in a region already battling with logistical bottlenecks as under-funded state-owned port and rail companies struggle to provide adequate services.
At least 18 people have been killed in the protests, human rights groups have said, as opposition supporters demonstrate against what they say is a fraudulent election win by Frelimo, the party that has ruled Mozambique since 1975.
South Africa's border authority said on Wednesday that it had closed the Lebombo border after receiving reports of vehicles being torched on the Mozambique side.
A Grindrod statement said it had suspended port and terminal operations in Maputo and Matola after the border closure and suspension of rail services.
The company is part of a consortium granted a concession to operate the Maputo port alongside DP World, the Mozambican Railway Company and Gestores, a private Mozambican company.
Maputo port reported record volume growth in 2023, partly owing to increased coal and chrome export volumes diverted from South Africa, where state-owned Transnet is failing to provide adequate rail and port capacity.
In 2023 Maputo port handled a record 31.2 million metric tons of cargo, mostly minerals including copper, chrome, ferrochrome and coal, up 16% on the previous year.
Reporting by Nelson Banya
Editing by David Goodman
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限,并允许个人查看和/或使用网站或网站所提供的内容,但无意进行任何更改或扩展,也不会更改或扩展其服务和访问权限。所有访问和使用权限,将受下列条款与条例约束:(i) 条款与条例;(ii) 风险提示;以及(iii) 完整免责声明。请注意,网站所提供的所有讯息,仅限一般资讯用途。此外,XM所有在线交易平台的内容并不构成,也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容,包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接,皆保持不变,并作为一般市场评论所提供,而非投资性建议。所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为适用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解,XM非独立投资研究提示和风险提示相关资讯,更多详情请点击 这里。