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South African Port Operations
SAPO was the old name for what is now Transnet Port Terminals, which operates 13 terminals in 6 South African ports. It is the port management division of Transnet, the South African transport giant. Operations List of ports: * Cape Town * Durban - "the largest port in Africa" according to the company's website *East London *Port Elizabeth * Richards Bay * Saldanha Bay - handles South Africa's iron ore exports. The new port of Ngqura, at Coega The Coega Special Economic Zone (SEZ), established in 1999 and 11,500 ha in extent, is situated near Gqeberha (Port Elizabeth) in the Eastern Cape province of South Africa. The initiative is a multibillion-dollar industrial development complex ..., 20 km northeast of Port Elizabeth, scheduled to open in 2006, is funded by Transnet and operated by SAPO. SAPO operates in four sectors: automotive, container, break-bulk and bulk. A detailed description of the company's operational organization is written at its website ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Durban
Durban ( ) ( zu, eThekwini, from meaning 'the port' also called zu, eZibubulungwini for the mountain range that terminates in the area), nicknamed ''Durbs'',Ishani ChettyCity nicknames in SA and across the worldArticle on ''news24.com'' from 25 October 2017. Retrieved 2021-03-05.The names and the naming of Durban Website ''natalia.org.za'' (pdf). Retrieved 2021-03-05. is the third most populous city in after and |
Iron Ore
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (, 72.4% Fe), hematite (, 69.9% Fe), goethite (, 62.9% Fe), limonite (, 55% Fe) or siderite (, 48.2% Fe). Ores containing very high quantities of hematite or magnetite (greater than about 60% iron) are known as "natural ore" or "direct shipping ore", meaning they can be fed directly into iron-making blast furnaces. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. In 2011 the ''Financial Times'' quoted Christopher LaFemina, mining analyst at Barclays Capital, saying that iron ore is "more integral to the global economy than any other commodity, except perhaps oil". Sources Metallic iron is virtually unknown on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Year
A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally not the reporting period to align with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes, such as income tax. Many annual government fees—such as council tax and license fees, are also levied on a fiscal year basis, but others are charged on an anniversary basis. Some companies, such as Cisco Systems, end their fiscal year on the same day of the week each year: the day ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulk Cargo
Bulk cargo is commodity cargo that is transported unpackaged in large quantities. Description Bulk cargo refers to material in either liquid or granular, particulate form, as a mass of relatively small solids, such as petroleum/ crude oil, grain, coal, or gravel. This cargo is usually dropped or poured, with a spout or shovel bucket, into a bulk carrier ship's hold, railroad car/ railway wagon, or tanker truck/ trailer/semi-trailer body. Smaller quantities can be boxed (or drummed) and palletised; cargo packaged in this manner is referred to as breakbulk cargo. Bulk cargo is classified as liquid or dry. The Baltic Exchange is based in London and provides a range of indices benchmarking the cost of moving bulk commodities, dry and wet, along popular routes around the seas. Some of these indices are also used to settle Freight Futures, known as FFA's. The most famous of the Baltic indices is the Baltic Dry Indices, commonly called the BDI. This is a derived function ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Break-bulk
In shipping, break-bulk, breakbulk, or break bulk cargo, also called general cargo, refers to goods that are stowed on board ship in individually counted units. Traditionally, the large numbers of items are recorded on distinct bills of lading that list them by different commodities. This is in contrast to cargo stowed in modern intermodal containers as well as bulk cargo, which goes directly, unpackaged and in large quantities, into a ship's hold(s), measured by volume or weight (for instance, oil or grain). The term ''break-bulk'' derives from the phrase breaking bulk, a term for unloading part of a ship’s cargo, or commencing unloading the cargo. Ships carrying break-bulk cargo are often called general cargo ships. Break-bulk/general cargo consists of goods transported, stowed and handled piecemeal to some degree, typically bundled somehow in unit loads for hoisting, either with cargo nets, slings, or crates, or stacked on trays, pallets or skids. Furthermore, batc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
