Cabinda To Go Deep
BMI View : The announcement that the Port of Cabinda is to receive a deepwater harbour, with construction due to start within three years, is a positive step for Angola's maritime sector. It will relieve pressure on the existing overburdened and underdeveloped ports, and capitalise on the rising interest in West Africa, and in Angola in particular, exhibited by shipping lines.
The Angolan Minister of Transport has confirmed that the port of Cabinda will be expanded to include a deepwater harbour, with construction due to start in the next three years. The three-stage development plan includes a 775 metre commercial dock to be completed in the first phase, with an additional extension to 1,550 metres during the third stage. This will offer a dramatic augmentation to the port's existing facilities which, even with its new jetty, are still limited to 37 large ships per month (representing some 26,000 containers over the first nine months of 2013).
Angola currently only has two medium-sized ports and a flock of small ones. The two largest, Luanda and Lobito, are still relatively underdeveloped and despite the addition of modern cranes and gantries in Lobito, the ports still lack the advanced facilities offered by their regional rivals. Moreover, import times and costs remain high, making countries such as Namibia and Nigeria far more attractive to shipping lines.
|Angolan Imports A Costly Endeavour|
|Import Cost per Container (US$)|