MOZAMBIQUE's biggest port, Maputo's Grindrod terminal, plans to triple capacity at its drybulk port terminals to cater to the growing demand for coal exports from South Africa, reports Bloomberg News.
Capacity at the company's wholly-owned terminal will grow to 4.5 million tons annually by the end of June from 1.5 million tons.
Matola coal terminal will increase to 12 million tons yearly from the current 7.3 million tons in the short to medium term.
The company's decision comes as demand for coal has surged with economies bouncing back from the Covid crisis.
Still, Mozambique is not without its challenges. Trucks crossing the South African border to Mozambique can wait up to three days in queues of more than 15 kilometres long.
SeaNews Turkey
Capacity at the company's wholly-owned terminal will grow to 4.5 million tons annually by the end of June from 1.5 million tons.
Matola coal terminal will increase to 12 million tons yearly from the current 7.3 million tons in the short to medium term.
The company's decision comes as demand for coal has surged with economies bouncing back from the Covid crisis.
Still, Mozambique is not without its challenges. Trucks crossing the South African border to Mozambique can wait up to three days in queues of more than 15 kilometres long.
SeaNews Turkey
