Joint SA-India shipping company on the cards

Talks are under way that could
see the setting up of a joint
venture shipping company by
state-owned Shipping Corp.
of India
(SCI) and Shipping Corp. of
South Africa, according to
livemint.com
Shipping Corp. of South
Africa is a wholly owned
subsidiary of Pretoria-based
African General Equity, or
AGE Group, headed up
by executive chairman
Reggie Naidoo.
Naidoo was in India when
FTW tried to contact him for
comment on Monday morning
as this issue
went to press.
According to the report,
the proposed joint venture
shipping company will cater
for dry bulk cargo like coal
and iron ore exported from SA
and the import of liquid cargo.