PE port gets new R200m fueling vessel
The port of Port Elizabeth is home to a new R200-million bunkering vessel that will ferry fuel and other supplies to passing ships – a further concrete step in the city’s efforts to tap into the oceans economy. The oil tanker MT Lefkas, the third vessel in the port registered on the South African Ships Register, previously operated under the Liberian flag but will now carry the South African ensign. Its South African registration effectively bolsters efforts to position the country as a shipping nation, in line with the government’s massive Operation Phakisa drive. The vessel docked yesterday morning and will serve as a sea-based fuelling station, servicing all ships passing through Algoa Bay. Owned by Greek shipping company Aegean, the new offshore bunkering operation has the potential to create up to 500 jobs, while pumping millions into the regional economy.
Aegean Launches New South Africa Bunkering Operation at Algoa Bay
Aegean Marine Petroleum Network (Aegean) [NYSE:ANW] today launched a new bunkering operation in Algoa Bay, near the ports of Port Elizabeth and Coega, South Africa. "The launch of bunkering operations in Algoa Bay is consistent with our strategy to opportunistically enter new markets. This strategic expansion allows us to take advantage of compelling market dynamics while simultaneously providing customers with a faster, more efficient and affordable alternative in the region," said Aegean President E. Nikolas Tavlarios. Aegean noted that the new bunkering operation is located within a few miles of heavily trafficked international shipping lanes, and is "well positioned as a natural stopover on routes to Europe, the Americas, Asia, Australia, and both coasts of Africa." http://shipandbunker.com/news/emea/646950-aegean-launches-new-south-africa-bunkering-operation
South African port receives strategic funding
n a drive to boost the capacity of Ngquara – a port on the Eastern Cape Province – Transnet has invested an extra 2 billion rand that will pay for additional ship berths and vital equipment for the port, supplementing 12 billion rand already spent. There were many key political and business leaders in attendance, including Eastern Cape Premier, Mr Phumulo Masualle, Public Enterprises Minister, Ms Lynne Brown, and Nelson Mandela Bay Mayor, Mr Ben Fihla, amongst others. In the next seven years, Transnet will spend upwards of 30.1 billion rand expanding its operational capacity in the Eastern Cape Province; this represents 9.6 percent of the total investment programme and includes the province’s ports in addition to local railway infrastructure.Upload News