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SA shipping buoyant amid recession.
Byline: ARTWELL DLAMINI
SA shipping buoyant amid recession Transport Correspondent COASTAL trade in South African waters has shrugged off the recession and seems to be the rare bright spot in the gloomy international shipping industry, a local shipping firm said last week. Andrew Thomas, CEO of Ocean Africa Container Lines, a joint venture between Grindrod and Safmarine, said the South African coastal market remained largely unchanged. By contrast, the global shipping industry was grappling with shrinking world trade volumes and excess new ships. Thomas said Ocean Africa Container Lines, which handled about 500000 tons of cargo a year, mainly moved sugar, paper, malt and wheat …
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