Infrastructure investment essential for SA shipping industry
- Author Harvey Mcewan
- Published November 12, 2012
- Word count 499
The shipping industry is a key player in South Africa's major successes despite global economic insecurity, but investment in infrastructure is the only way for it to continue to thrive. To safeguard the shipping industry for the future and keep the 'gateway to Africa' open, stakeholders and businesses must consider the opportunities open to them when it comes to investing in innovations and infrastructures to support new vessels.
The vast majority of South Africa's important and exports are transported by sea, making it an industry that had weathered hard times well and one that is guaranteed to continue to perform well in the future. For businesses to be able to continue to capitalise on this success, they must think about making changes for the future during a period of relative stability for the industry.
Ports, terminals and rails are among the essentials that the SA shipping industry should be considering as ripe for innovation. To remain strong and continue to capitalise on the commence already in hand, thinking ahead of the curve and creating new infrastructure that can keep up with the demands of tomorrow is key. The country remains strategically positioned to access global trade routes and hold a prominent economic position in Africa, but these strengths could be eroded in time, as other countries and industries advance their own technological prowess.
To be able to afford to invest in the future, many shipping companies are being forced to look as ways to boost efficiency. A global economy suffering from recently recessions and financial disasters has ensured a period of stagnation when it comes to prices for freight shipping, which may be set to change in the future. However, increases in price cannot simply be passed on to customers and clients, forcing shipping innovators to instead look for ways they can boost their productivity while cutting costs.
Energy is an area that is offering many shipping businesses the opportunity to save. By moving away from costly legacy systems and taking advantage of some of the state-of-the-art, environmentally responsible generators that are currently available, they can boost efficiency and cut overheads. New and improved temperature control equipment can also offer huge savings for shipping companies that have to spend a lot of money on keeping cargo at a particular temperature. Modern, efficient solutions can cut power consumption while ensuring temperatures are perfectly regulated.
By looking at areas that are currently functioning but may not be performing to the best of their abilities, shipping companies have the opportunity to scale down their expenses and free up more money to invest in the kind of innovations that will safeguard the industry for the future. To remain profitable in the long term, it is essential to look beyond yearly bottom lines and to instead search for ways they can make long term improvements, this allows them to harness the improvements in essentials such as power generation and look forward to new infrastructure that will be able to take advantage of the advancements.
Harvey McEwan is knowledgeable in the field of power generation.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- “Shadowland: The Tragic Ordeal of Frances Farmer and the Machinery That Broke Her.”
- “Glenn Ford: Hollywood’s Reluctant Heartthrob Who Played by His Own Rules.”
- “From Navy Tough Guy to Hollywood Everyman: The Life and Legacy of Ernest Borgnine.”
- Nancy Meyers-Inspired Kitchen: California Casual with Vintage Carved Door Charm
- Yellowstone-Inspired Ranch Farmhouse Style: Rugged Elegance with Rustic Antique Doors
- Used Master Prime Inspection: 5 Critical Checks to Avoid Refurbished Scams
- Staying Charged: A Guide to Electrolyte Balance for Health and Exercise
- Creating a Profitable Business with PLR Planners and Printables
- How to Spend 48 Hours in Cape Town: A Quick Itinerary
- “Wounds That Time Couldn’t Heal: Watching The Best Years of Our Lives Through the Lens of Memory and Mourning.”
- Understanding an ACL Tear
- Top 5 Funniest Gag Gifts for Your Best Friend
- Why Second Hand Pianos for Sale Are a Smart Investment
- Finding the Right Piano Shop Near Me: A Guide to Second Hand Pianos
- “Mira Sorvino: From Oscar Glory to Hollywood Silence.”
- Ireland Sino Institute Launches 2025 China Internship Program
- “Beyond the Spotlight: The Rise and Fall of Dorothy Dandridge.”
- “Through the Mist of Venice: Revisiting Don’t Look Now and Its Haunting Grip on Grief.”
- The Art of Coaching: Cultivating Growth and Inspiration
- Creating a Holistic Backyard Retreat: Old World Elegance Meets Nature
- Understanding T1 and T2 Transit Documents in EU: Your Complete Guide
- Cryptonews.money: Your Ultimate Guide to Understanding Cryptocurrency
- 15 Basketball Dribbling Games and Passing Drills for Better Ball Handling
- Transdermal Progesterone Cream: Benefits for Hot Flashes and Menopause Symptoms
- Tepezcohuite: The Ancient Skin Health Secret You Need to Know
- Quiet Cars and Busy Calendars: The Overlooked Role of Chauffeurs in Post-July Corporate Travel
- 1031 Exchange
- Breaking Karmic Cycles, Creating a Shiva Altar with Deity Carvings and Sculptures from Mogul Interior
- The Art of Whimsical Carved Wall Art & Eclectic Décor
- “Hellfire and Heresy: Ken Russell’s The Devils and the Fury of Sacred Cinema.”