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Grindrod's interim results, released on Tuesday 25 August, put a record 8.4 million tonnes through the Port of Maputo in the first half of 2026 — up 29% year on year — while the group's own Matola dry bulk terminal inside that same port system handled 4.2 million tonnes, down 7%.
Cargo Handling
28 August 2026 • 5 min read
Two numbers, one port complex, opposite directions. Maputo set a record on chrome demand and better terminal efficiency; Matola went backwards on weather disruption early in the year and elevated freight costs. The gap is a reminder that "the port is performing" and "my cargo is moving" are separate statements — and that commodity mix decides which one applies to you.
Across the group, Grindrod's dry bulk terminals handled 8.1 million tonnes in the six months to 30 June 2026, a 2% year-on-year increase. That modest headline conceals a wide spread underneath it. The South African side carried the growth: record performances at the Navitrade facility in Richards Bay and at the group's multipurpose terminal in Durban.
The Mozambican side pulled the other way. Matola, the group's dry bulk terminal on the Maputo estuary, handled 4.2 million tonnes — 7% below the same period last year. Grindrod attributed the decline to weather-related disruption early in the year and to elevated freight costs. The wider Port of Maputo, by contrast, posted a record 8.4 million tonnes for the half, 29% ahead of 2025, with June alone setting a monthly throughput record of 1.6 million tonnes.
H1 2026 handling scoreboard: Grindrod dry bulk terminals 8.1 Mt (+2% YoY); Matola terminal 4.2 Mt (-7% YoY); Port of Maputo 8.4 Mt (+29% YoY) with a record 1.6 Mt in June alone; record halves at Navitrade Richards Bay and the Durban multipurpose terminal. (Source: Grindrod interim results, six months to 30 June 2026, released 25 August 2026)
Maputo's record was driven by strong chrome export demand alongside improved terminal efficiency. That is a South African cargo story playing out in a Mozambican port: chrome mined in Limpopo, North West and Mpumalanga, trucked or railed east through Lebombo and Ressano Garcia, and loaded at Maputo rather than at a South African terminal. Every record month at Maputo is, in part, a routing decision made upstream by a shipper who found the corridor more reliable.
The Matola divergence matters for a different reason. When one terminal in a growing port declines on weather and freight-cost grounds, the constraint is not the port's overall capacity — it is berth-, commodity- and window-specific. Operators booking bulk parcels need to be asking which terminal, not which port, and what the shiploader availability and weather-downtime record on that berth actually look like.
Records at Navitrade and the Durban multipurpose terminal came from handling improvements, not from new quay. That is the recurring lesson in Southern African bulk: throughput gains in any given half are usually won in stockpile management, tippler and conveyor uptime, truck-turn discipline at the gate, and vessel working rates — not in new infrastructure, which arrives on a five-to-ten-year cycle.
For road hauliers feeding these terminals, that translates into something concrete. A terminal running a record half is a terminal that is turning trucks faster, and a terminal turning trucks faster is one where your fleet completes more loads per vehicle per week on the same lane. The productivity of the receiving terminal is a variable in your own cost per tonne, and it is worth tracking terminal by terminal rather than assuming it moves with the port's headline number.
Do not price a Maputo lane off the port's record headline. Price it off the specific terminal your cargo is booked into, and ask for that berth's weather-downtime and truck-turn record before you commit to a rate. Chrome volumes through Lebombo and Ressano Garcia are clearly holding up, which means competition for return loads on that corridor stays tight — but the Matola numbers show that a bad weather window and a high freight-cost month can still take 7% out of a terminal even while the port around it sets records.
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Andre Klynsmith Entrepreneur & Technology Enthusiast Andre's expertise spans technology, blockchain, transport, and logistics -- with a passion for innovation and driving positive change across industries. |
| Source: Freight News — Record Maputo volumes boost Grindrod performance View source › | 25 August 2026 |
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