In a joint-venture with the Bidvest Group, the Japanese sea carrier, Kawasaki Kisen Kaisha (K-Line), has established its own shipping agency in SA – 51% held by K-Line and 49% by Bidvest. The basic drive for establishing this agency, according to James Reddy, MD of Bidvest-owned Rennies Ships Agency, was that K-Line intends to develop its services in SA – and in Africa as a whole. “There will obviously be a management structure in SA,” Reddy told FTW, “with members from both groups.” The more immediate plans will be released by the new company as soon as the structure is fully operational, and the proposed strategy finalised, he added.
