Tag: South Africa

Drewry reported that due to the latest disaster at the Brazilian mine, Córrego de Feijão, it is possible that the Capesize demand will be decreased by approximately 35-40 vessels in 2019. In a timeframe of one year, one Capesize vessel transfers two million tonnes of iron ore from Hedland to Qingdao, while the same vessel ships just 0.7 million tonnes in a year from Itaqui to Qingdao.

South Africa’s Richards Bay Coal Terminal informed earlier this week that 2018 coal exports decreased to 73.47 million tonnes from its record high of 76.47 million tonnes in 2017, due to less exports to South Korea. Namely, Africa’s largest coal export facility was aimed to export at least 77 million tonnes of coal in 2019, reaching its 2018 target.

Saudi Arabia has its eye on constructing an oil refinery in South Africa as part of a pledge to invest as much as $10 billion in Africa’s most developed economy, according to Bloomberg. The Saudi Aramco and South Africa's Central Energy Fund are to conduct joint surveys based on a refinery and petrochemical complex. The negotiations highlight South Africa’s aspiration to add a refinery, which it has under consideration for a decade.

South African authorities have seized 706 kilograms of cocaine with a street value of R720 million, hidden on a container ship coming from Brazil, in the Port of Ngqura, Coega Harbour. The ship was coming from Brazil and was to dock in Singapore before reaching its final destination in India.

Trading company Toyota Tsusho and the Japan Bank for International Cooperation are joining forces on a port project in Angola that will be the largest of its kind for Japanese businesses, according to Nikkei Asian Review. Both companies aim to raising 70 billion yen ($643 million) from public and private lenders in Japan. Their goal is to help the African fund the effort. 

Mahesh Fakir, CEO of the Ports Regulator of South Africa, after considering the application and the latest available data, concluded that an appropriate overall adjustment in average tariffs for the financial year 2019/20 would be a decrease of 6.27%.

Transnet National Ports Authority is considering to introduce a helicopter service at the Port of Cape Town to boost efficiency of operations in heavy weather conditions. The move comes on the aftermath of the recent serious weather-related disruptions in Cape Town that affected port operations and pilots transfers.

TRAFFIC, the international wildlife trade monitoring network, released the report 'Empty Shells: An assessment of abalone poaching and trade from southern Africa'. In this report, TRAFFIC says that over the past 18 years, poachers have stripped South African coastal waters of at least 96 million abalone.

In the evening hours of Monday, the Sea Rescue South Africa rescued an injured man from the cargo ship 'UAL Lobito', while off the Port of Table Bay at anchorage. The injured person was one of two unathorized passengers found on the ship and was reportedly injured from a fall onboard.

South Africa has detained the Russian-flagged freighter 'Lada', after being informed that it was allegedly carrying illegal cargo of weaponry onboard. Namely, local media report that the ship was carrying explosives and arms worth about $3.5 million.