Anglo American has renewed its various ocean freight contracts with Vuka Marine, a joint venture between Via Maritime Holdings of South Africa and Kawasaki Kisen Kaisha Ltd (“K” Line) of Japan.
Under these freight contracts, Anglo American transports bulk iron ore and coal products to its customers around the world.
Vuka Marine operates two capesize bulkers, the Cape Enterprise and the Cape Orchid, the first merchant vessels to be registered under the South African flag since 1985.
Peter Whitcutt, CEO of Marketing for Anglo American,says: “Over the past two and half years, our partnership with Vuka Marine has allowed us to create additional value through our commercial shipping activity.
“This partnership currently accounts for approximately US$30 million in annual freight spend and not only makes good commercial sense, but also provides us with an opportunity to contribute towards developing South Africa’s maritime industry.”
“In addition, the training and development of 25 South African seafarers aboard the Cape Orchid and Cape Enterprise, in an industry that has essentially not existed in South Africa in recent years, is a very positive and uplifting outcome.”
Using ships such as the Cape Orchid and Cape Enterprise enable Anglo American to take advantage of the competitive structure that exists for vessels entering the country under the South African registry.