African Marine Solutions (AMSOL) has acquired a product tanker which will transport marine fuels after the recent award of a multi-year contract by Shell Downstream South Africa (Pty) Ltd.
The contract is expected to further support continued transformation in the sector and the extension of AMSOL’s services in fuel logistics and transportation.
Commenting on the contract, AMSOL Chief Executive Officer Paul Maclons, said: ‘With a changing requirement for the transportation and delivery of multiple grades of marine fuel, Shell has partnered with AMSOL to provide a world class service in the Port of Durban.
‘This partnership has resulted in AMSOL acquiring a product tanker, representing a multi-million-rand investment, and will provide sustainable employment for South Africans in the specialised niche of tanker operations.’
The tanker will be named ISIQALO (‘The Beginning’), and will transport and deliver high sulphur fuel oil, very low sulphur fuel oil and gasoil to vessels calling at the South African Port of Durban.
According to AMSOL, the contract award represents the achievement of a strategic growth objective. Employees, who are shareholders in the Level 3 B-BBEE business, are also expected to benefit from expansion of the company’s footprint in the region.
AMSOL also holds minority shareholding in Lwandle Shipping, an emerging enterprise that is being supported to become a new player in coastal fuel transportation and supply.