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Sasol Gives South Africa Its First Flagged Chemical Vessel

The synfuels giant Sasol, has funded South Africa’s first locally-owned chemical maritime vessel through the Sasol Siyakha Trust, an instrument it uses to empower the country’s black owned enterprises.

The company, one of the top three on the Johannesburg Stock Exchange, funded Nduna Maritime with $27Million as an enterprise and supplier development (ESD) vehicle. This is Sasol Siyakha’s single largest funding agreement to date.

The specialised chemical tanker, named Bow Cecil, is the very first Republic of South Africa flagged vessel that will transport chemicals to international markets registered to carry the South African flag.

The 37 000 dwt vessel, equipped with 47 tanks, was acquired from Odfjell Chemical Tankers AS. The vessel called on the Port of Durban on 01 August 2019 for its inaugural load.

The tanker was built in 1998 by STX Norway Floro and was formerly known as 5W Cecil. Until Nduna Maritime bought it, it was sailing under the flag of Norway.

“We are particularly proud of this landmark agreement, as it is a significant investment into localising and diversifying our supply chain. As a global producer of a number of chemical products, we supply numerous markets around the world with products made in South Africa. Through Nduna Maritime, we are extending our value chain participation through a wholly owned South African business,” said Vuyo Kahla, Executive Vice President: Advisory, Assurance and Supply Chain, Sasol Limited.

Sasol spends approximately $125Million a year on shipping from South Africa to global markets. As the owner of Bow Cecil, Nduna Maritime will leverage this asset to increase its capacity to ship more chemical products to markets concentrated in Asia.

 

 


Naval Chiefs To Assemble in Accra For Gulf of Guinea Issues

The Ghanaian Navy will host over 10 Chiefs of Navies from across Africa along with 250 international senior officials from Navies, Coast Guards and Marine Police from Wednesday next week.

They will be addressing security issues around the increasingly volatile marine and coastal waters in Africa as well as maritime contributions to economic advancement in the crucial Gulf of Guinea.

Ghana is becoming increasingly important as a crude oil export source as well as consumer of natural gas, some of which is pumped undersea through pipeline.

Nigeria has been notorious for crude oil induced piracy.

Virtually all of the countries along the West African coast experience Piracy, illegal fishing, and armed robberies on the Atlantic.

These issues are just some of those to be discussed at the International Maritime Defence Exhibition & Conference (IMDEC), taking place on 24-25 July 2019 in Accra, Ghana. “These threats not only disrupt regional stability but also hinder the thriving of the economies”, according to Future Banking Tech, the summit’s organisers. “It is essential that international and intergovernmental players continue to build upon joint capabilities to alter this progression.

IMDEC’s ribbon cutting ceremony will be attended by Mahamudu Bawumia (Dr.),  Ghana’s Vice President, , as well as Aduna Bingab Nitiwul, the host country’s Minister of Defence, Ghana, Lt. Gen. Obed Akwa, Chief of Defence Staff, Ghana Armed Forces, Rear Admiral Seth Amoama, Chief of Naval Staff, Ghana Navy, Air Vice Marshal F Hanson, Chief of Air Staff. according to the organisers of the event.

Rear Admiral Seth Amoama, Chief of Naval Staff, Ghana Navy, will present the Opening keynote speech, titled: Ghana Navy – past, present and the future. Followed by a panel discussion titledMaritime Forces: Joint Operations and strengthening interoperability. The discussion will be moderated followed by a VIP exhibition tour and a an awards of appreciation will be presented to VIP attendees.

 

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