Africa News

The South African conglomerate remains in the red but anticipates that first half year losses will be between R97 million and R77 million – potentially up to a 93% improvement on the company’s position in H1 2016.

Ghanaian firm IBISTEK Ltd has secured a $370 million contract to undertake the development and operation of a container and multi-purpose terminal at the port.

Up to five crew are reported to have been kidnapped from a general cargo ship which was underway around 15 nm off Bonny Island.

There was a 240% increase in the number of maritime security incidents in the region compared with Q1 2017, says NYA International.

The agreement also includes the Regional Maritime University in Ghana (RMU) and Quantum Power Ghana.

The project is intended to make the facility on Lake Victoria, Kenya, into a regional hub for fuel exports.

The first delivery of gasoil has been delivered to Cape Town’s newest oil storage facility, Burgan Cape Terminals, on board the 2016-built, 49,999 DWT Marshall Islands-flagged tanker Marlin Ammolite.

The increase comes despite tight industry competition and a fall of about 5.6% in national consumption of fuel products, the company says.

Transnet National Ports Authority has awarded the contract to fund, construct and operate the proposed facility to Oil Tanking Grindrod Calulo Holdings.