The transaction was approved by the Competition Tribunal of South Africa and the South African 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 South Africa‚ 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 South Africa exported R6,5-billion worth of goods to Angola and imported R11,5-billion.
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![Captain of Cape Orchid Edgardo De ASIs with the three South African cadets placed on the vessel for six months. They are [L-R] Samkelo Ndongeni (25) a deck cadet from Ngqushwa near King Williams Town, Thembani Mazingi (24) an engine cadet from Cofimvaba, and Gordon Sekatang (26), also an engine cadet from Nelspruit.](https://biz-file.com/c/1509/313649-300x156.jpg?2)
