BEE company benefits from R60 million Smit Marine bunker contract

Apr 9, 2003
Author: Smit Marine

SMIT Marine South Africa (Pty) Ltd, South Africa’s leading specialist marine services company, announced today (9 April) that it has outsourced the management of its bunker and lubricants procurement activities to Fairbreeze Marine, a Black Economic Empowerment (BEE) company.

Celebrating the awarding of the contract are (from left to right) Mandla Gxanyana (Fishing Industry SMME Forum), Sastri Gounden (PetroSA), Captain Bill Dernier (SAMSA), Nokwanele Qonde (PetroSA), Pim Zandee (SMIT), Ze Ndebele (SHELL) and Ogi Madinda (Fairbreeze).

A spokesman for Smit Marine said the R60million contract would run over three years, subject to Fairbreeze’s ability to meet Smit Marine’s stringent service level expectations.

The service levels expected include Fairbreeze Marine’s ability to source and supply bunkers and lubricants on a commercially sound basis, whilst adhering to Smit’s high Safety, Health, Environment and Quality standards (SHE-Q).

Fairbreeze Marine is a newly formed division of Fairbreeze Diagnostics (Pty) Limited, which has an in-depth knowledge of marine operations, the oil industry supply environment and petro-chemical product pricing mechanisms. Fairbreeze Diagnostics has been in operation for two years, specialising in utilities cost optimisation. The company is based in Paarden Eiland, Cape Town.

Commenting on this deal Pim Zandee, Smit Marine’s Executive Director, said, “We are very pleased to have been able to conclude this deal. Smit Marine has always been committed to the advancement of Black Economic Empowerment in the maritime industry, and we support the initiatives taken by the National Department of Transport (NDOT) in this regard. Our record in terms of partnering with BEE companies and cadet training speaks for itself. This is another milestone for us.”

Mr. Dumisani Ntuli, Marine Manager at the National Department of Transport, speaking in support of the initiative said the NDOT has begun a process of developing a black economic empowerment framework for the maritime industry.

“Smit Marine has been part of this process from the outset and it is good to see them respond in a manner befitting their size and nature of business. We wish their new partnership with Fairbreeze Marine well and hope others will learn from it.”

Oginga-Odinga Madinda, Fairbreeze Diagnostics managing partner added that Smit Marine was being visionary by entrusting a relatively young Black Economic Empowerment company with such a big responsibility.
“Our side of the bargain is to ensure that delivering on the service level agreements we have entered into attains this vision. Our collective experience within the petro-marine industries makes us believe that we can do just that.”

For additional information, contact Pim Zandee, SMIT Marine South Africa, tel: (27 21) 507 5777 or Oginga-Odinga Madinda, Fairbreeze Marine, tel: (27 21) 511 4001.

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