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dualmeister
Honorary Master
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- Oct 15, 2005
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The South African government has ambitions to buy, or build, its own fleet of ships, a new draft law shows, including at least one oil tanker and at least one chemical tanker.
Those ships are to be owned and operated by a new state-owned enterprise, the South African Shipping Company (SASCO) which would be under the control of a minister designated by the President to appoint all board members and the CEO.
SASCO would be "the preferred national shipping carrier", as the draft law stands, with a previous policy document pointing to some "radical" ideas on how that could be achieved.
The draft law, the South African Shipping Company Bill, was published by the department of transport this week ahead of a series of public consultations it plans later this month.
That could, in theory, see SASCO established as early as next year, possibly by way of acquisition; the plan specifically allows for "a shipping going concern" or other companies to be bought in order to be folded into the new SOE.
The Bill sets out what must be in the strategic fleet the company will be required, by law, to acquire: an oil tanker, a chemical tanker, a container ship, a multipurpose bulk carrier (which can transport anything from coal to grain), a coastal shipping vessel (typically used to land cargo in shallower ports), and one or more bunker barges, ships that carry fuel and supply to other ships.
Source
Those ships are to be owned and operated by a new state-owned enterprise, the South African Shipping Company (SASCO) which would be under the control of a minister designated by the President to appoint all board members and the CEO.
SASCO would be "the preferred national shipping carrier", as the draft law stands, with a previous policy document pointing to some "radical" ideas on how that could be achieved.
The draft law, the South African Shipping Company Bill, was published by the department of transport this week ahead of a series of public consultations it plans later this month.
That could, in theory, see SASCO established as early as next year, possibly by way of acquisition; the plan specifically allows for "a shipping going concern" or other companies to be bought in order to be folded into the new SOE.
The Bill sets out what must be in the strategic fleet the company will be required, by law, to acquire: an oil tanker, a chemical tanker, a container ship, a multipurpose bulk carrier (which can transport anything from coal to grain), a coastal shipping vessel (typically used to land cargo in shallower ports), and one or more bunker barges, ships that carry fuel and supply to other ships.
Source
