Durban shipping and trade journalist Terry Hutson has reported in today’s Africa Ports & Ships Newsletter on an announcement by Oiltanking Grindrod Calulo (Pty) Ltd (OTGC) that the development of the Liquid Bulk Terminal in the port of Ngqura has stalled.
OTGC was awarded the preferred bidder status in 2011 by Transnet National Port Authority (TNPA) to develop the terminal to service fuel importers in the Nelson Mandela Bay region in the Eastern Cape province. The new terminal is intended to replace the existing facilities at the nearby port of Port Elizabeth.
As previously reported, construction of the terminal commenced in 2019 with the earthworks now complete.
OTGC has been unable to secure sufficient customer commitment for the project. OTGC says it is therefore in a regrettable position of being unable to execute on the project and is liaising with TNPA on the way forward.