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OR Tambo fuel shortage far from being resolved

Despite the ongoing proclamations by Acsa and the Minister of Transport, Fikile Mbalula, that the fuel shortage at OR Tambo has been resolved, and jet fuel supply at the facility is “stable”, international airlines are still having to take expensive and disruptive detours to fuel up outside Johannesburg in order to […]

Indonesia to ban exports of Palm Oil

The world’s top palm-oil producer announced that it will ban exports of the commodity starting Thursday, sending the prices of competing vegetable oils soaring. Indonesia accounts for about half of the world’s supply of palm oil, the world’s most widely used vegetable oil. Palm oil is used for cooking and […]

Durban port working hard to clear backlog of 8000 containers

Durban port will, within days, clear the backlog of thousands of containers that came to a grinding halt during the disastrous floods that lashed KwaZulu-Natal’s Roads, rail and port infrastructure last week. Minister of Public Enterprises Pravin Gordhan assured businesses and local manufacturers during a joint media briefing with Minister […]

Durban Port recovery update

Port recovery Both water and berths received considerable debris deposited as a result of the storm. Currently, teams are working in the harbour and along berths to remove debris, enabling tugs and pilot boats to move safely. Due to the possibility of heavy debris deposited underwater alongside berths and in […]

SARS carries out search and seizure operations

The South African Revenue Service (SARS) through its Syndicated Tax & Customs Crime Division, carried out inspections as well as search and seizure operations on entities in the banking sector, tobacco and cigarette sector, alcohol, gold and clothing industries in KwaZulu-Natal, Western Cape and Gauteng. The premises inspected and searched […]

Shipping industry triples profits in 2021

The figures are eye-watering. The latest research by maritime consultancy Sea-Intelligence reveals that global shipping lines made an operating profit of over US$110 billion in 2021. HMM and OOCL results had not yet been published at the time of writing, (OOCL has since published its results which reveal record figures), […]