Warehousing

Oryx Energies announces acquisition of South African Marine Fuels

Oryx Energies announces the recent acquisition of a majority stake in South African Marine Fuels (SAMF), a bunkering company in Algoa Bay, Eastern cape, South Africa.

Founded in 2016, it is a woman-run enterprise with 100% South African staff operating at the only port in South Africa that has licensed offshore bunkering and ship service operations targeting both port calling ships and general passing traffic in this strategic location on the busy East-West routes.

Thanks to its integration into Oryx Energies, SAMF will foster its active contribution to the local industry development and will pursue investing in local talents, in particular black women, and skills development.

Oryx Energies is one of Africa’s largest and longest-established independent providers of oil and gas products and services. An energy division of private investment group AOG, Oryx Energies has been present in South Africa since 2002.

theafricalogistics

Recent Posts

From Tel Aviv to Wall Street: How Middle East Tensions Are Fueling an Oil Rally

As missiles flew over the Middle East this week, a different kind of detonation hit…

1 week ago

Air India Tragedy: Sole Survivor Speaks as Experts Unravel AI-171 Crash

Less than a minute after lifting off from the runway, Air India Flight AI-171 disappeared…

1 week ago

Adobe Stock Slides as Investors Question AI Payoff Despite Strong Earnings

Adobe Inc. (NASDAQ: ADBE) saw its shares tumble more than 7% on Friday, even after…

1 week ago

Why Alexandr Wang Is Key to Zuckerberg’s AI Endgame

In a move that signals a new phase in the global AI arms race, Meta…

1 week ago

Israel-Iran Escalation Boosts Lockheed Martin Stock as Defense Orders Loom

Lockheed Martin (NYSE: LMT), America’s largest defense contractor, is experiencing a notable uptick in investor…

1 week ago

Entire Fulbright Board Resigns in Protest Over Political Interference

In an unprecedented move that has sent shockwaves through the international academic community, all but…

1 week ago