Leasing, rather than buying capital assets that depreciate is increasingly making more and more business sense. And nowhere is the trend of renting equipment becoming more noticeable as a smart move in an uncertain economy than in the material handling equipment market.

SOUTH AFRICA: Next week’s Ocean Innovation Africa Summit will delve into some of the critical gaps in ocean governance and discuss reconciling blue economy opportunities with sustainable priorities.

As the majority of all global tonnage destined to be scrapped lands on the three beaches in South Asia, it’s worth noting that African shipowners and African flagged ships contribute only a small percentage to overall picture.

With ambitions for net-zero shipping by 2050, developing countries may be perceived to be on the back foot in terms of the ability and funding to design national strategies for maritime decarbonisation, but the International Maritime Organisation (IMO) is inviting qualifying nations to nominate professionals to join a year-long training programme to improve capacity and skills.

SOUTH AFRICA: The opportunity to comment on the Marine Pollution (Prevention of Pollution from Ships) Amendment Bill will close on 26 February.

SOUTH AFRICA: The long-anticipated update on the issuance of permissions to conduct offshore bunkering in Algoa Bay was finally provided yesterday as the South African Maritime Safety Authority confirmed that they would publish a Marine Notice in this regard shortly.

SOUTH AFRICA: Industry experts believe that Africa has the opportunity to grow its blue economy by leapfrogging more developed regions through attractive investment opportunities.

SOUTH AFRICA: FFS Tank Terminal (Pty) Ltd has been awarded a 25-year concession to operate a liquid bulk terminal specialising in bunker fuels at the Port of Richards Bay.