First SA-Owned Chemical Tanker Inaugurated
As a proud purveyor of chandling services to ships at port, at various major harbours along the South African shoreline, the Link Ship Chandlers team was very excited to learn that Sasol had teamed up with Nduna Maritime to launch the Sasol Siyakha Trust in the fourth quarter of last year. Not only was this collaborative venture the integrated energy and chemical company’s single largest funding agreement to date, but it also yielded our country’s first specialised chemical tanker.
The Bow Cecil, as the vessel was named, will be used to transport Sasol’s chemical products to international markets, proudly displaying our national flag. According to Vuyo Kahla, Sasol’s executive vice president of advisory, assurance and supply chain, the landmark agreement was put in place in order to localise and diversify their far-reaching supply chain. The company’s chemical products are made in South Africa and it only makes sense to include the shipment thereof in our local supply chain by bringing a wholly-owned SA business into the fold.
The trust’s future plans include the acquisition of both liquid bulk and dry bulk vessels that will further harness South Africa’s involvement in the global maritime industry, leading to job creation down the pipeline.
Vusi Mazibuko, group executive chairman of the Mnambithi Group, believes that the ground-breaking project will go a long way to heading the call of our government’s call to address the needs of the National Development plan. “We plan to do so by increasing investment in the country’s ship registry as well as by creating an enabling environment for the improvement of human capital and skills development in the sector,” stated the chairman.
DID YOU KNOW? Sasol was founded in 1950 as Suid-Afrikaanse Steenkool en Olie (South African Coal and Oil) and was the world’s first coal-to-liquids refinery, now supplying 40% of South Africa’s fuel. The company is known for creating technology for the conversion of low-grade coal into synthetic fuels and chemicals.
Such a proud moment for South Africa! Keep an eye on the blog in the coming weeks and months as we share more exciting news and insider insight on the shipping trade in South Africa and further afield. In the meantime, feel free to get in touch with a member of the Link Ship Chandlers team if you would like to learn more about the services we provide from the port in Cape Town, Saldanha, Port Elizabeth, Coega, Durban and Richards Bay. We look forward to paving the way for a shipshape experience along the South African shore!