Ray Smuts
THE FORMAL signing of an agreement between Cape Town-based and Dutch-owned Smit Pentow Marine and Dudula Shipping of Durban took place at Smit Pentow Marine's Paarden Island offices, in the presence of Annemarie Jorritsma, the Dutch Minister of Foreign Affairs recently.
Each will hold a 50% stake in the new joint venture company and the partnership is seen as the first step towards Smit Pentow Marine's policy of black economic empowerment.
The newly-formed company, Smit Dudula, will begin by buying and operating a bunker barge - used to fuel ships at anchor or those not moored alongside a quay with bunkering facilities.
Copyright Now Media (Pty) Ltd
No article may be reproduced without the written permission of the editor
To respond to this article send your email to joyo@nowmedia.co.za
