Weekly Press Review – 23 April 2018

An investigation has been launched into a collision between a car carrier vessel and an inactive tugboat. According to the press the South African Maritime Safety Authority (SAMSA) has revealed that the incident happened while the ship was berthing alongside the Durban Point Precinct. No injuries were reported, but the quayside was damaged and the … Continue reading Weekly Press Review – 23 April 2018

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Weekly Press Review – 26 March 2018

Integrated logistics service supplier, Grindrod, has decided to sell and separately list its loss-making shipping business on the US Nasdaq Stock Exchange, with a secondary inward listing on the JSE. According to the press, as part of Grindrod’s restructuring, the company has also decided to close its rail assembly business. It is proposed that the … Continue reading Weekly Press Review – 26 March 2018

Weekly Press Review – 22 January 2018

A group of top US maritime business students are visiting South Africa’s major shipping centres this month. According to the press, the aim of the visit is to learn from the local industry and explore the cultural complexity of the global maritime industry. The event is hosted by the South African International Maritime Institute (SAIMI) … Continue reading Weekly Press Review – 22 January 2018

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

Weekly Press Review – 23 January 2017

Grindrod Asset Management this week announced plans for a deal that would culminate in Infinitus Holdings gaining a 76 percent stake in Grindrod. According to the press Infinitus is focused on high-growth businesses in the consumer, industrial and financial services sector. Through its subsidiary GFS Holdings, Grindrod will exchange its entire Grindrod Asset Management for Infinitus … Continue reading Weekly Press Review – 23 January 2017

Weekly Press Review – 26 February 2016

This week marked the 99th anniversary of the sinking of the SS Mendi. According to the press over 200 people attended a service at the SA Mendi Memorial in Atteridgeville earlier this week to commemorate the event. On 21 February 1917 the SS Mendi collided with another vessel, the SS Daro, and sank with 646 … Continue reading Weekly Press Review – 26 February 2016

World Maritime Day

Today is World Maritime Day today. This day, set aside for the last week of September each year, offers a day to reflect on how the maritime industry has influenced our lives over the past year and also offers an opportunity for organisations, companies and individuals to actively do something to acknowledge the people involved … Continue reading World Maritime Day