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

Google Stock Surges as Investor Confidence Grows Following Tech Sector Rally

Alphabet Inc. (NASDAQ: GOOGL), the parent company of Google, saw its shares surge on Friday,…

2 days ago

Is a 2.8% COLA Enough to Beat Inflation in 2026?

The Social Security Administration (SSA) has confirmed a 2.8% cost-of-living adjustment (COLA) for 2026, impacting…

2 days ago

How Alaska Airlines’ Outage Exposed a Hidden Risk for African Airlines

Alaska Airlines was forced to cancel more than 360 flights after a major IT outage…

2 days ago

Inside Tesla’s Q3 Earnings Miss: Price Cuts, Profit Drops, and the Robotaxi Gamble

Tesla’s third-quarter 2025 results painted a challenging picture for the EV giant. Despite strong delivery…

3 days ago

Inside Meta’s AI Reshuffle: Why 600 Jobs Were Cut in the Race Toward Superintelligence

In a bold restructuring move, Meta Platforms Inc. has laid off around 600 employees from…

3 days ago

SASSA November 2025 Payment Schedule: Key Dates, Policy Insights, and What Beneficiaries Should Expect

As South Africa prepares for the November 2025 grant cycle, millions of social grant beneficiaries…

6 days ago