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Posted: Mar 13, 2023

Paramount sells off engine company in part management buy-out

Southern Power (Pty) Ltd acquired

SOUTH AFRICA: Teaming up with additional investors, current CEO of Southern Power (Pty) Ltd has concluded a deal for the full acquisition of the company from Paramount Maritime Holdings (Pty) Ltd.

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Posted: Mar 9, 2023

Marine electronics company takes up new space in the market

Radio Holland launches new premises

SOUTH AFRICA: An established staple of the local maritime market, Radio Holland’s South African headquarters moved from their longstanding home to new upmarket premises housed in the Island Works centre in Paarden Island.

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Posted: Mar 8, 2023

Asset sales will move training forward

CPUT Survival Centre auctions off marine assets

SOUTH AFRICA: CPUT Survival Centre is currently auctioning off a number of assets including four vessels of various sizes as well as an enclosed liferaft.

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Posted: Mar 6, 2023

Core business strengthens earnings

Grindrod Limited financial results

SOUTH AFRICA: After the successful disposal of Grindrod Bank to African Bank at the end of last year, Grindrod Limited announced sound financial gains in its core operations with Ports and Terminals reporting a 37% increase in headline earnings. 

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Posted: Mar 3, 2023

Iconic boatbuilder acquired by Eastern European investment firm

Robertson and Caine acquired by Vox Ventures

SOUTH AFRICA: In what may well be one of the most significant maritime foreign investment transactions for the year, iconic catamaran builder, Robertson and Caine, is to be acquired by Vox Ventures a wholly owned subsidiary of PPF, a leading investment firm in Europe with its roots in the Czech Republic.

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Posted: Mar 2, 2023

Suspicious vessel raises alarm on IUU fishing

Greenpeace Africa seeks cooperation from governments

SENEGAL: Greenpeace Africa is calling on West African governments to strengthen surveillance of the region's oceans and protect fisheries against all forms of illegal, unreported and unregulated fishing. 

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Posted: Feb 28, 2023

Angola subsea contract awarded

Subsea7 awarded contract offshore Angola

ANGOLA: Azule Energy has awarded a large subsea contract to Subsea 7 within the framework of the Agogo Integrated West Hub Development Project, offshore Angola.   

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Posted: Feb 27, 2023

Investing in the Blue Economy to empower fishing sector

Creating jobs and providing skills and technology

KENYA: President William Ruto has announced plans to invest in necessary infrastructure development that will unlock the potential of the blue economy at the coast with the aim of creating employment for those at the “bottom of the economic pyramid.”

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