TNPA,UAL try to cut a deal in Saldanha Bay

February 13th, 2012 by admin 
The Transnet National Ports Authority (TNPA) scrambled this week to repair its damaged relationship with a Dutch-based shipping company – Universal Africa Lines (UAL) – which was poised to invest hundreds of millions of rand into transforming a section of the Saldanha Bay harbour and emerging industrial development zone (IDZ) into an oil and gas servicing hub. Renewed discussions between UAL and...

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Transnet Ports continuing talks with UAL on Saldanha lease

February 12th, 2012 by admin 
State-owned Transnet National Ports Authority (TNPA) this week continued negotiations with shipping company Universal African Lines (UAL) to save an investment deal at the Saldanha port. Last week it was announced the Dutch-headquartered group would withdraw from the Saldanha Oil and Gas Service Base project, citing delays in concluding the lease agreement. TNPA CEO Tau Morwe said on Friday the ports...

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