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Date: 04/06/2025

SA planning national shipping line

South Africa Transport Minister Ms Barbara Creecy is forging ahead with plans to create a national shipping carrier, 25 years after the state sold Safmarine to logistics major Maersk. The department has invited shipping companies to take part in a steering committee to establish a model for a national shipping company, with the Development Bank of Southern Africa (DBSA) set to play a prominent role in the process. The new carrier is likely to be called South African Shipping Company (SASCO). Crude and chemical tankers as well as containerships, dry bulk vessels and bunker barges are all being eyed by the government, either newbuild or secondhand. All ships would be flagged in South Africa. Safmarine, and its iconic white hulls, was sold to Maersk in 1999, with the Danish carrier taking the decision five years ago to fold the brand, said a report.
 
Source: Exim News Service: Pretoria, June 3



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