South Africas potential to become a major player in the multi-billion rand shipbuilding industry on the continent presents an opportunity for job creation and economic growth, but government entities still procure some vessels internationally at higher prices.
Sandock Austral Shipyards SAS chief executive Prasheen Maharaj highlighted the potential of the sector when two locally built launch boats were christened in Durban on Monday before being handed over to the Transnet National Ports Authority TNPA. The vessels will replace two 40-year-old vessels in the Port of Cape Town.
Maharaj, who is also president of the Durban Chamber of Commerce and Industry , said the sector holds potential to boost economic growth.
The local construction of the two R58 million vessels held significance beyond the immediate benefits to Transnet, which is expanding its marine craft fleet in line with its recovery plan, he said.
By investing in local shipbuilding, we foster the development of a robust maritime ecosystem, supporting a wide range of ancillary industries such as steel manufacturing, engineering, electronics and logistics. This translates into increased domestic production, reduced reliance on imports, and a significant boost to our nations GDP, he said.
