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September 28, 2009

SA Shipping Industry Facing Crisis

South Africa's maritime industry is leading the country toward an economic crisis, the head of the SA Maritime Safety Authority (Samsa) has warned. Samsa chief executive Tsietsi Mokhele said that "heavy" legislation will make it economically unviable for companies to own South African-

By cms admin

South Africa’s maritime industry is leading the country toward an economic crisis, the head of the SA Maritime Safety Authority (Samsa) has warned.

Samsa chief executive Tsietsi Mokhele said that “heavy” legislation will make it economically unviable for companies to own South African-registered ships, writes South African iol.co.za.

As a result, the country is losing out on business and job creation opportunities.

In addition, the only vessel trading under the South African flag – the 29-year-old Safmarine Oranje – is due to be decommissioned next year.

Mokhele was speaking to members of the transport and maritime industry and maritime school pupils at a World Maritime Day celebration in Cape Town, South Africa, last week.

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