Europe's coal imports hammered by Transnet strike

Hanno Labuschagne

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Europe's coal imports hammered by Transnet strike

The price of importing coal to Europe’s largest ports rose the most since May as a strike in South Africa curtails shipments of the fuel during the middle of an energy crisis.

The action by Transnet SOC Ltd. employees is “lasting longer than anticipated and has started to take a serious toll on exports,” said Alex Claude, chief executive officer of DBX Commodities in London.

[Bloomberg]
 
Europe's coal imports hammered by Transnet strike

The price of importing coal to Europe’s largest ports rose the most since May as a strike in South Africa curtails shipments of the fuel during the middle of an energy crisis.

The action by Transnet SOC Ltd. employees is “lasting longer than anticipated and has started to take a serious toll on exports,” said Alex Claude, chief executive officer of DBX Commodities in London.

[Bloomberg]
Importing to another country or continent is called Exporting.
 
Given a chance to shoot ourselves in the foot we will take it with both hands and a smile on our faces
 
Lol..let Your-Up enjoy some of what we have to tolerate daily here...
 
South Africa, helping europe meet its self imposed net zero goals. You're welcome europe.
iu
 
Europe's coal imports hammered by Transnet strike

The price of importing coal to Europe’s largest ports rose the most since May as a strike in South Africa curtails shipments of the fuel during the middle of an energy crisis.

The action by Transnet SOC Ltd. employees is “lasting longer than anticipated and has started to take a serious toll on exports,” said Alex Claude, chief executive officer of DBX Commodities in London.

[Bloomberg]
/african(s) culture
 
I like how the union leadership are accusing Transnet of not being responsible and reasonable. As though it is responsible and reasonable to be crippling South Africa's exports when the country is already in dire straits.

So much for their Green Agenda
I doubt they've ever claimed they plan to end the use of coal overnight.
 
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