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Namport upgrade needs massive capital injection
Namport upgrade needs massive capital injection

Namport upgrade needs massive capital injection

In order to remain competitive, Namport requires the ports to be agile and responsive to the needs of major shipping lines.
Jo-Mare Duddy Booysen
The Namibia Ports Authority (Namport) has appealed to the ministry of works and transport for financial support to fund the up grading of Walvis Bay Port's entrance channel at an estimated cost of N$1.2 billion.

Acting chief executive officer, Raymond Visagie, addressed a letter to the minister of works and transport, John Mutorwa, on Thursday, when the minister met with all senior officials from various transport institutions under the ministry in Windhoek.

Mutorwa organised the meeting with the officials to discuss and debrief on the transportation capital infrastructures projects for the 2020/21 financial year and practical planning. However, Namport was not represented because of the Erongo region being under lock down due to the rising Covid-19 cases. Therefore, the acting CEO sent a letter via email to Mutorwa, which the minister read to those in attendance.

Limitations

Visagie said Namport is faced with the challenge of limitation to accommodate big vessels at the Port of Walvis Bay's entrance channel.

Therefore Namport needs to widen and deepen the Walvis Bay Port's entrance channel at an estimated cost of N$1.2 billion, and requires a 60 tonnes bollard pull tugboat estimated to cost N$150 million. This can’t be done without the support of the ministry due to financial constraints impacted by the Covid-19 pandemic.

He said Namport is competing in a very volatile environment of seaborne trade, which is dominated by major shipping lines. In order to remain competitive, Namport requires the ports to be agile and responsive to the needs of the lines or risk being excluded from network services.

‘Inundated with requests’

“We have been inundated with requests to accommodate vessels sizes of 9 000 twenty foot equivalent units, but regrettably had to decline such requests due to the limitations of the Port of Walvis Bay entrance channel,” said Visagie.

He added that for Namport to capitalise on the increased container handling capacity offered by the newly constructed container terminal, and ensure that Namport remains relevant in its operating environment, the two projects should be considered for funding by central government.

“These projects will be the acquisition of a medium-sized tugboat with a 60 tonne bollard pull capacity. Widening and deepening of the Walvis Bay main entrance channel and, in order to safely bring larger vessels through the entrance channel, requires the deployment of tugs. Namport's fleet of tugs are however aging and despite ongoing refurbishment of our tug fleet, we do require a tug of 60 tonnes,” explained Visagie. - Nampa

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 358.94/OZ UP +0.88% | Copper US$ 4.85/lb UP +2.08% | Zinc US$ 3 006.00/T UP 0.27% | Brent Crude Oil US$ 82.85/BBP DOWN -0.0119 | Platinum US$ 1 035.08/OZ UP +3.37% Sport results: Premier League: Aston Villa 3 vs 3 Liverpool | Manchester United 0 vs 1 Arsenal | Nottingham Forest 2 vs 3 Chelsea | Newcastle 1 vs 1 Brighton | Wolves 1 vs 3 Crystal Palace | Everton 1 vs 0 Sheffield United | West Ham 3 vs 1 Luton Town | Bournemouth 1 vs 2 Brentford | Tottenham Hotspur 2 vs 1 Burnley | Fulham 0 vs 4 Manchester City LaLiga: Barcelona 2 vs 0 Real Sociedad | Real Betis 3 vs 2 Almería | Valencia 0 vs 0 Rayo Vallecano | Atletico Madrid 1 vs 0 Celta Vigo | Cadiz 1 vs 0 Getafe | Athletic Club 2 vs 2 Osasuna | Granada 0 vs 4 Real Madrid | Villarreal 3 vs 2 Sevilla | Mallorca 1 vs 0 Las Palmas SerieA: Fiorentina 2 vs 1 Monza | Lecce 0 vs 2 Udinese | Atalanta 2 vs 1 AS Roma | Juventus 1 vs 1 Salernitana | Genoa 2 vs 1 Sassuolo | Hellas Verona 1 vs 2 Torino | SS Lazio 2 vs 0 Empoli | AC Milan 5 vs 1 Cagliari | Napoli 0 vs 2 Bologna European Championships Qualifying: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United English Championship: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United Weather: Katima Mulilo: 13° | 31° Rundu: 13° | 30° Eenhana: 17° | 32° Oshakati: 17° | 32° Ruacana: 18° | 32° Tsumeb: 15° | 28° Otjiwarongo: 13° | 27° Omaruru: 13° | 29° Windhoek: 12° | 25° Gobabis: 14° | 25° Henties Bay: 15° | 32° Wind speed: 26km/h, Wind direction: S, Low tide: 13:52, High tide: 07:51, Low Tide: 02:00, High tide: 20:47 Swakopmund: 17° | 24° Wind speed: 27km/h, Wind direction: SW, Low tide: 13:50, High tide: 07:49, Low Tide: 02:00, High tide: 20:45 Walvis Bay: 20° | 32° Wind speed: 30km/h, Wind direction: SW, Low tide: 13:50, High tide: 07:48, Low Tide: 02:00, High tide: 20:44 Rehoboth: 14° | 26° Mariental: 15° | 29° Keetmanshoop: 19° | 30° Aranos: 16° | 28° Lüderitz: 18° | 35° Ariamsvlei: 19° | 31° Oranjemund: 14° | 29° Luanda: 24° | 27° Gaborone: 13° | 27° Lubumbashi: 13° | 27° Mbabane: 12° | 24° Maseru: 9° | 24° Antananarivo: 14° | 22° Lilongwe: 13° | 26° Maputo: 19° | 26° Windhoek: 12° | 25° Cape Town: 16° | 20° Durban: 17° | 26° Johannesburg: 15° | 23° Dar es Salaam: 23° | 31° Lusaka: 16° | 26° Harare: 12° | 23° Economic Indicators: Currency: GBP to NAD 23.08 | EUR to NAD 19.87 | CNY to NAD 2.54 | USD to NAD 18.37 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.71 | ZWL to NAD 0.04 | BRL to NAD 3.55 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.05 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 46.8 | USD to KES 129.48 | USD to NGN 1498 | USD to ZAR 18.37 | USD to ZMW 25.25 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78632.56 Down -0.07% | Namibian Stock Exchange (NSX) Overall Index 1710.9 Down -2.52% | Casablanca Stock Exchange (CSE) MASI 13501.46 Down -0.29% | Egyptian Exchange (EGX) 30 Index 25339.77 Down -0.16% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 358.94/OZ UP +0.88% | Copper US$ 4.85/lb UP +2.08% | Zinc US$ 3 006.00/T UP 0.27% | Brent Crude Oil US$ 82.85/BBP DOWN -0.0119 | Platinum US$ 1 035.08/OZ UP +3.37%