NAMPORT Registers Growth during the Pandemic

The Namibian Ports Authority (NAMPORT) recorded growth during the just-ended financial year for the 2021 – 2022 period. Year on year, total cargo handled amounted to 6.5 million tons, and this indicates an increase of 380,541 tons or 6% and 9% revenue increase.

Despite the ongoing global shortage of containers, increase in volumes is mainly attributed to the following:

The vessel visits increased by 289 vessels or 22%. The vessel’s gross tonnage also increased by 3.4 million;
TEUs handled amounted to 168,278, of which, 61,106 TEUs or 36% were exports, 69,467 TEUs or 41% were imports and 37,705 TEUs or 22% were transshipments;
TEUs increased by 12,298 or 8%, year on year. This increase was mainly due to increased containerized commodities such as copper, charcoal, frozen fish, marble, frozen poultry, sugar, chemicals, scrap steel, and wooden products;
Bulk and breakbulk (BBB) volumes handled amounted to 4.4 million, of which, 1.8 million tons or 40% were exports, 2.6 million tons or 59% were imports, and 34,709 tons or 1% were transshipped;
BBB volumes increased year on year by 360,189 tons or 9%. This increase was on the back of increased commodities such as petroleum, steel, frozen fish, ammonium nitrate, iron ore, marble, ship spares, manganese ore, and flat cartons;

Cross Border volumes

Cross border volumes increased by 10% from 1,464,000 gross tonnages (2020/2021) to 1,606,984 gross tonnages (2021/2022);
Total Cross Border market share: South Africa 48%, Zambia 23%, DRC 15%, Zimbabwe 6%, Botswana 6%, Angola 2% and Malawi 1%;
Major commodities exported from SADC countries through Namibia: Copper, Manganese Ore, and Wooden products (Timber);
Major commodities imported to Namibia destined to SADC Countries: Frozen poultry, Vehicle on own wheels, machinery, spare parts, tires, chemicals (for mining use), electrical goods, electrical equipment and malt.

In an effort to manage operational costs, Namport has been on a cost-saving trajectory in the way it conducts its business and the Authority is pleased to report that these efforts have borne the desired fruits with a decline in its operating expenses for the 2021/2022 financial year.