AFTER OPERATING into and out of South Africa for several years, Norwegian bulk specialists Western Bulk last week made an exploratory visit to the region with a view to strengthening business ties.
We see growth possibilities coming up, Western Bulk's marketing executive Sverre Syberg told FTW in Johannesburg. And since the press doesn't always paint an accurate picture, we decided to examine the potential at first hand.
With shipbroking specialist Frode Ringstad, Syberg visited Durban, Richards Bay and Cape Town during his 14-day trip.
Western Bulk was established in 1992. Today it is one of the largest handymax operators, deploying ships in the 40 000 to 50 000 ton range.
At any one time the company has 60 to 70 vessels under its control on worldwide routes, carrying forestry products, steel and a range of other commodities.
We see South Africa as the mid-point between east and west, and it was therefore logical for us to take a closer look, particularly in view of the opportunities that are likely to flow from proposed privatisation moves, Syberg told FTW.
While the initial trip has been an exploratory one, the company is thinking long-term according to Rod Eaton of port agents Inchcape Shipping.
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