The transaction was approved by the Competition Tribunal of SA and the SA Reserve Bank. OACL is now a wholly owned subsidiary of Grindrod Limited.
OACL is a shipping line that operates in Southern Africa‚ between Durban and Luanda‚ calling at all major ports in SA‚ Namibia and Angola.
OACL provides a feeder service to all international mainline carriers‚ ships domestic and regional cargo‚ providing customers with a complete freight logistics service including warehousing‚ distribution and inland transportation. The business currently deploys four container vessels‚ each with a capacity of between 800 and 1‚200 twenty foot equivalent units.
Last year SA exported R6.5 billion worth of goods to Angola and imported R11.5 billion.
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