{"id":76690,"date":"2024-09-14T14:47:00","date_gmt":"2024-09-14T14:47:00","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal"},"modified":"2024-09-14T14:47:00","modified_gmt":"2024-09-14T14:47:00","slug":"namport-to-hand-over-new-container-terminal","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal","title":{"rendered":"Namport to hand over new container terminal"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The new container terminal, constructed at a cost of N$4 billion, will be managed by Terminal Investment Namibia (TiN) from 1 October. TiN is a newly established subsidiary of Geneva-based Terminal Investment Limited (TIL), which was awarded the concession in 2022 to operate the terminal.<\/p>\n

The Namibia Ports Authority (Namport) and TIL yesterday stated that the handover marks not only the start of TiN\u2019s operations but also sets the stage for future port developments that will benefit both local and international shipping communities.<\/p>\n

The decision to outsource the container terminal came after evaluating its level of utilisation shortly after its construction was concluded and inaugurated in 2019. A joint statement issued by the partners states that the handover signifies the beginning of substantial operational improvements at the terminal.<\/p>\n

\u201cImmediate dredging activities will aim to widen and deepen the entrance channel to -16 metres Chart Datum to accommodate larger vessels. TiN is dedicated to expanding the terminal facilities to ensure long-term growth and adaptability, with a focus on increasing storage capacities and enhancing cargo handling processes,\u201d the statement reads.<\/p>\n

Namport CEO Andrew Kanime noted that the concession of the new container terminal was based on the need to attract private capital for investment.<\/p>\n

This includes the widening and deepening of the channel, acquisition of new equipment and systems as well as driving competitiveness through improved efficiencies.<\/p>\n

At the time, the terminal\u2019s utilisation stood at 23%, which was deemed insufficient for business and posed a threat to employment levels due to the low margin of safety.<\/p>\n

\u201cNamport is satisfied with the business case proposed by TIL. All objectives of the concession, such as increased cargo volumes, investment commitments and employment guarantees, will be solidified in the concession agreement, with penalties for failing to meet performance and volume targets,\u201d he said at the time.<\/p>\n

He also clarified that the concession does not involve selling the terminal but entering into a specialised lease arrangement where the operator manages the terminal and handles containers in exchange for an upfront payment to Namport. This development is expected to enhance Namibia\u2019s competitiveness among coastal states and developing ports in the region, contributing significantly to it\u2019s vision of becoming the logistics hub for Southern Africa.<\/p>\n

The concession agreement with TiN also represents a strategic expansion of TIL\u2019s global terminal network.<\/p>\n

As a subsidiary of the Mediterranean Shipping Company (MSC), TIL will leverage its expertise and that of MSC to introduce advanced operational standards and innovative practices to Namport and Namibia.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. The new container terminal, constructed at a cost of N$4 billion, will be managed by Terminal Investment Namibia (TiN) from 1 October. TiN is a newly established subsidiary of Geneva-based Terminal Investment Limited (TIL), which was awarded the concession in 2022 to operate the terminal. The Namibia Ports Authority (Namport) and TIL […]<\/p>\n","protected":false},"author":84,"featured_media":76689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-76690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNamport to hand over new container terminal - Namibia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namport to hand over new container terminal\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Namibia. The new container terminal, constructed at a cost of N$4 billion, will be managed by Terminal Investment Namibia (TiN) from 1 October. TiN is a newly established subsidiary of Geneva-based Terminal Investment Limited (TIL), which was awarded the concession in 2022 to operate the terminal. The Namibia Ports Authority (Namport) and TIL […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-14T14:47:00+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Namport to hand over new container terminal\",\"datePublished\":\"2024-09-14T14:47:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal\"},\"wordCount\":432,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1726312637.376992.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal\",\"name\":\"Namport to hand over new container terminal - Namibia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1726312637.376992.jpg\",\"datePublished\":\"2024-09-14T14:47:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1726312637.376992.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1726312637.376992.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"Namport to hand over new container terminal\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/namibia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Namport to hand over new container terminal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/\",\"name\":\"Namibia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Namport to hand over new container terminal - Namibia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal","og_locale":"en_US","og_type":"article","og_title":"Namport to hand over new container terminal","og_description":"Africa-Press – Namibia. The new container terminal, constructed at a cost of N$4 billion, will be managed by Terminal Investment Namibia (TiN) from 1 October. TiN is a newly established subsidiary of Geneva-based Terminal Investment Limited (TIL), which was awarded the concession in 2022 to operate the terminal. The Namibia Ports Authority (Namport) and TIL […]","og_url":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal","og_site_name":"Namibia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-09-14T14:47:00+00:00","author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Namport to hand over new container terminal","datePublished":"2024-09-14T14:47:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal"},"wordCount":432,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1726312637.376992.jpg","keywords":["africa press","Africa Press-Namibia","namibia"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal","url":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal","name":"Namport to hand over new container terminal - Namibia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1726312637.376992.jpg","datePublished":"2024-09-14T14:47:00+00:00","author":{"@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"breadcrumb":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#primaryimage","url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1726312637.376992.jpg","contentUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1726312637.376992.jpg","width":2560,"height":1707,"caption":"Namport to hand over new container terminal"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namport-to-hand-over-new-container-terminal#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/namibia\/"},{"@type":"ListItem","position":2,"name":"Namport to hand over new container terminal"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/namibia\/#website","url":"https:\/\/www.africa-press.net\/namibia\/","name":"Namibia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/76690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/comments?post=76690"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/76690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media\/76689"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media?parent=76690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/categories?post=76690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/tags?post=76690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}