2.1 Key Drivers for Additional Port Capacity The Committee was informed that studies have showed that container demand was set to grow from the current levels of 2.7m Twenty-foot Equivalent Units (TEUs) per annum to between 9million and 12million TEUs by 2040. The existing Port of Durban is not going to be able to meet the required demand. The other factors included the following: . The changing nature of the shipping industry. . Container vessel sizes had more than doubled in the last 10 years. . Prediction that the latest generation 18,000 TEU Triple-E container vessels would begin calling in Durban within the next decade. . New deep water, world-class ship handling facilities are required in Durban for South Africa to retain status as the primary shipping gateway into Southern Africa. . Enablement of the industrialisation of the Durban-Free State-Gauteng Corridor. . Long-term economic growth & transition of the economy through industrialisation. . Job creation, with a specific focus on the South Durban Basin.