Weekly Press Review – 28 August 2017

The sale of Maersk oil and gas assets to Total made headlines this week. Total agreed to buy the oil and gas unit AP Moller-Maersk, paying Maersk with $4.95 billion (R65.03 billion) of its own shares and assuming $2.5bn of the company’s debt. The board at Grindrod is investigating the possibility of a separate offshore … Continue reading Weekly Press Review – 28 August 2017

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Weekly Press Review – 21 August 2017

South Africa’s weak economy is impacting those renting Transnet sites in the country’s eight commercial harbours. According to the press tenants of Transnet sites have stated that if the economy continues on its current path they will have no choice but to renegotiate their contracts or simply return their sites to Transnet. At present TNPA … Continue reading Weekly Press Review – 21 August 2017

Weekly Press Review – 14 August 2017

JSE-listed Sea Harvest has acquired a new freezer trawler from listed Icelandic fishing company, HB Grandi. According to the press, the vessel, the MV Therney, was built in Sterkoder yard in Norway. The group said that there are currently three Sterkoder class vessels in South Africa, two owned by Irvin & Johnson, and one acquired … Continue reading Weekly Press Review – 14 August 2017

Weekly Press Review – 7 August 2017

The Portfolio Committee on Public Works has once again expressed concern about the state of small harbours in the Western Cape. Following recent site visits to seven local harbours, committee acting chairperson, Freddie Adams, identified the lack of security, insufficient office space and inadequate workforces as areas of concern. “We have discovered that the harbours … Continue reading Weekly Press Review – 7 August 2017