Rail cargo transportation slipped into a decline

The total volume of cargo transported by sea in June 2021 amounted to 556 206 tonnes compared to 407 390 tonnes recorded in the preceding month.

03 August 2021 | Economics

PHILLEPUS UUSIKU

During June 2021, Namibia transported 975 708 tonnes of cargo through rail, road, air and sea, compared to 810 940 tonnes and 779 139 tonnes that were transported for May 2021 and June 2020, respectively.

Given these developments, the composite cargo index that consists of the above-mentioned modes of transport recorded an increase on a monthly basis of 20.3% in June 2021 compared to a growth of 1.2% registered in May 2021. The index increased by 25.2%, year-on-year.

According to the Namibia Statistics Agency (NSA), the increase on monthly basis emanates from cargo transported through road, air and sea. However, rail cargo transportation slipped into a decline of 4.3%.

The rail cargo index recorded a decline of 4.3% month-on-month compared to an increase of 9.7% registered in May 2021. Furthermore, the index posted a negative growth rate of 14.2%, year-on-year.

The road cargo index registered a monthly increase of 7.5% in June 2021 compared to a negative growth of 27.8% recorded for May 2021. On the other hand, on an annual basis, the index picked up by recording a growth of 23.1% t from a reduction of 25.3% in June 2020, NSA pointed out.

The air cargo index registered a monthly increase of 27.1% in June 2021 compared to a growth of 7.3% recorded for May 2021. Furthermore, on an annual basis, the index increased by recording a growth of 614.1% from a reduction of 83.9% in June 2020.

Sea

The sea-cargo index that consists of sea-landed, sea-shipped and sea trans-shipped recorded a monthly growth rate of 36.5% month-on-month, further up from a growth of 35.5% registered in May 2021. Furthermore, the index increased by 40.0% year-on-year, NSA said.

The sea-landed index recorded a growth rate of 50.4% month-on-month for June 2021. This is an improvement when compared to a growth of 45.7% recorded in the preceding month. Over the year, the index further increased, registering a growth of 91.1%.

The increase observed monthly is mainly accredited to the high volumes for landing of bulk cargo for sulphur and wheat imported through the port of Walvis Bay, NSA pointed out.

The sea-shipped Index registered a monthly growth rate of 21.5% in June 2021, a slowdown from a growth of 27.9% recorded in the preceding month. On annual terms, the sea-shipped index increased, recording a growth of 22.8%.

The increase recorded on a monthly basis is mainly emanating from high volumes of bulk cargo of salt shipped through the port of Walvis Bay for the period ended 30 June 2021.

The sea trans-shipped index, registered a monthly growth rate of 82.8% during the month under review, while a growth rate of 3.7% was recorded in May 2021. On an annual basis, the index declined by 72.0%.

The increase recorded on monthly basis was mainly reflected in the high volumes of trans-shipment for containerized cargo of general equipment’s trans-shipped through the port of Walvis Bay, NSA said.

Similar News

 

National Consumer Protection Policy launched

19 hours ago | Economics

PHILLEPUS UUSIKUThe National Consumer Protection Policy 2020-2025 and the Namibia GS1 License was launched on Wednesday in Windhoek.According to the Minister of Industrialisation, Trade and...

Marketing Namibia as an investment destination

19 hours ago | Economics

PHILLEPUS UUSIKUThe ease of doing business, quality of roads and infrastructure, political and economic stability, good governance and judiciary independence are some of the factors...

Economy crawls into the green

19 hours ago | Economics

Jo-Maré Duddy WINDHOEKNamibia’s economy grew by 1.6% for the three months ended 30 June, the first positive year-on-year quarterly growth since the...

Nigeria aims to boost oil output

19 hours ago | Economics

Nigeria said Wednesday it aims to produce 1.88 million barrels per day of crude oil next year and the budget will be based on the...

Submissions open for Hollard Sport Awards

19 hours ago | Economics

STAFF REPORTERLockdown and the limitations on gatherings and events have driven those in the sports marketing and promotional space to have to adapt, digitise, dig...

GIPF applauded for fighting Covid-19

19 hours ago | Economics

STAFF REPORTERThe Government Institutions Pension Fund (GIPF) is proud to announce its contribution towards the fight against Covid-19 through an investment into FabuPharm (Pty) Ltd....

Economic growth positive in second quarter

1 day - 23 September 2021 | Economics

Jo-Maré Duddy – Namibia’s economy in the second quarter grew by 1.6% on annual basis, recovering from -6.7% the previous quarter and -11.6% in the...

Environment providing a good buying opportunity

1 day - 23 September 2021 | Economics

PHILLEPUS UUSIKUDespite interest rates being at record lows and providing a good buying opportunity, economic challenges faced by consumers and low confidence in future economic...

British employers offer more signing bonuses

1 day - 23 September 2021 | Economics

Some British employers are offering more signing bonuses to tackle labour shortages and overcome hiring bottlenecks, data from Indeed Hiring Lab’s quarterly report showed on...

UK inflation expectations jump in September

1 day - 23 September 2021 | Economics

The British public's expectations for inflation over the next year and over the longer-term jumped this month, raising the risk that the Bank of England...

Latest News

Marketing Namibia as an investment...

19 hours ago | Economics

PHILLEPUS UUSIKUThe ease of doing business, quality of roads and infrastructure, political and economic stability, good governance and judiciary independence are some of the factors...

Forklifting failure

19 hours ago | Others

Natasja ByleveldAre you OK thinking about unconventional ideas that could uplift society and norms to a higher standard? Do you like a challenge, or do...

Big thinker who is not...

19 hours ago | People

Contrasting with his considered, analytical, and steady approach to life, Rolf Mendelsohn is an undisputed adventurer. Together with the other founders of Paratus, Rolf...

Children abused as govt turns...

19 hours ago | Police

JEMIMA BEUKES WINDHOEKStaff at a centre for orphans and vulnerable people in Katutura...

Economy crawls into the green

19 hours ago | Economics

Jo-Maré Duddy WINDHOEKNamibia’s economy grew by 1.6% for the three months ended 30 June, the first positive year-on-year quarterly growth since the...

Oxygen giant spreads misinformation in...

19 hours ago | Health

MADLEN DAVIES and TUYEIMO HAIDULA LONDON/OSHAKATI One of the world’s biggest industrial gas companies spread misinformation in an attempt to stop...

Nigeria aims to boost oil...

19 hours ago | Economics

Nigeria said Wednesday it aims to produce 1.88 million barrels per day of crude oil next year and the budget will be based on the...

Submissions open for Hollard Sport...

19 hours ago | Economics

STAFF REPORTERLockdown and the limitations on gatherings and events have driven those in the sports marketing and promotional space to have to adapt, digitise, dig...

An easy ride-hailing platform

19 hours ago | Others

Wetumwene Shikage The everyday experience for many Namibians of getting a taxi to from different locations has been made more convenient. TaxiConnect provides an easy...

Load More