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Real Economy News in Real Time
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R/$ = 14.71 Change: 0.01
Au 1467.92 $/oz Change: 2.08
Pt 887.75 $/oz Change: 10.23
 
 
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Durban port welcomes first vessel on new Miax service

8th November 2019 BY: Simone Liedtke
Writer

Transnet National Ports Authority (TNPA) and Transnet Ports Terminals (TPT), through the Port of Durban, this week welcomed the first vessel to arrive at the port on the new Middle East–India–Africa Express (Miax) service, which was recently introduced by Hapag-Lloyd and its alliance partner, Ocean Network Express (ONE).

The container vessel MV New Jersey Trader was welcomed into port on November 5 with a ceremonial tug spray and plaque exchange.

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The vessel was built in 2011 and flies the flag of Malta.

Hapag-Lloyd’s new Miax service offers direct connections and fast transit times between South and West Africa, the Persian Gulf, India, Colombo (Sri Lanka) and La Réunion. The service is also connected to the Global Mainline Network via the key ports of Jebel Ali (Dubai) and Colombo.

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Nine ships with a capacity of 2 800 twenty-foot equivalent units each, will be deployed for the new service.

While the Port of Durban is still seeking growth opportunities from Hapag-Lloyd and ONE, this transaction was described as another milestone for the port and the container industry at large.

Port of Durban GM Moshe Motlohi says TNPA “looks forward to supporting Hapag-Lloyd and [ONE] through this new venture”.

Motlohi adds that the ports of Durban and Cape Town will “play a key role in regional integration through the lines’ existing global network”.

TPT acting COO Velile Dube welcomed the new vessel and the new service, saying it would increase efficiencies for the customer.

“We are always looking at ways to improve our service levels with the aim of facilitating cost competitiveness in markets our customers compete in,” added Dube. 

EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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