Angola is an attractive market for investments in container cargo transport, said the director for Angola of the Maersk group, Cláudio Rosa, cited by Angolan newspaper Jornal de Angola.
Rosa said that the group’s port productivity in Angola had improved over the last six years, increasing from seven movements per hour in 2006 to 25 movements in 2012.
“A decade after the end of the war, Angola continues to grow and is highly attractive for investments,” noted Rosa, adding that reconstruction and insufficient domestic food production drove imports, leading to the number of containers increasing by between 8 and 12 percent per year.
Angola accounts for 5 percent of the Maersk group’s total movement of containers and Africa as a whole accounts for 8 percent of its revenues.
In Angola Maersk has a 25 percent share of the market, 16 percent of which belongs to Maersk Line and the other 9 percent to its subsidiary Safmarine.
Movement of containers in Angola rose by 18 percent in 2012 compared to 2011, when there was an increase of 11 percent. This year growth is expected to total 10 percent due to the economic downturn of the Euro Zone.
Figures from the National Council of Shippers for the first half of 2012 showed that 70 percent of the Angolan market is controlled by three operators, Maersk Line Angola and Safmarine, Delmas/CMA CGM and Nile Dutch. (macauhub)