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Monday, 06 November 2017

Ghana close to choosing an operator for new bulk terminal

GHANA is close to appointing an operator for its new dry bulk terminal at Takoradi port, which will be able to accommodate capesize vessels for the country's growing bauxite trade, said a consultant.

So far, the terminal has had to barge the aluminium ore to panamax vessels waiting in deep water outside the port, MTBS director Paul van Eulem told attendees at an event in London hosted by the Association of Bulk Terminal Operators.

Ten companies showed interest, while four operators, some from South Africa, were shortlisted, he said, adding that the successful bidder should be finalised in the coming days.

A deepening of the port to 16 metres has already taken place, while works to lengthen the berth continue. Equipment such as cranes and conveyor belts also need to be added.

Takoradi has not been upgraded since it opened in 1928.

Ghana 's overall dry bulk exports have quadrupled since 2000 to some 4m tonnes, almost all of it minerals and ores, according to data by Tradeviews. For bauxite, exports may reach about 1.4m tonnes, up from 1.1m tonnes in 2016 and just 427,000 tonnes in 2010.

Ghana trails Guinea though, which is Africa's champion in terms of bauxite shipments, expected at 25.3m tonnes this year, Tradeviews data shows.

Guinea has now become the single largest exporter of the commodity, overtaking Australia, with two-thirds of the output moving to China, according to Banchero Costa.

China has been investing heavily in African resources and infrastructure and exports from Ghana are also being targeted, anticipated to boost longhaul trade in time.

November 2, 2017 by Lloyd's list

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