History

2002
March Sold multipurpose dry-cargo vessels CAPE JERVIS and the CAPE HOWE for further trading. 47 000 dwt product tanker KUDU enters service
May 32 656 dwt bulk carrier IVS VALIANT delivered from Xingang Shipyard, China
June Board approval obtained for long term charter of 25 000 dwt Chemical tankers STOLT ZULU and STOLT BASUTO for delivery 2006
Nov 32 676 dwt bulk carrier IVS VICTORY delivered from Xingang Shipyard, China


2003
April 45 000 dwt petroleum/chemical tanker HAMBISA sold and chartered back
April 14 000 dwt chemical tankers STOLT NTOMBI and STOLT NTABA sold and chartered back
May Contracted with ShinA Shipyard, Korea for the construction of the 40 000 dwt petroleum/chemical tanker SABLE.
Sept 47 149 dwt product tanker ELAND enters service


2004
Jan Purchase 50% of the 32 400 dwt bulk carrier DURBAN BULKER
Feb Contracted with ShinA Shipyard, Korea for the construction of the 40 000 dwt petroleum/chemical tanker IMVUBU.
June 40 000 dwt petroleum/chemical tanker NYATHI delivered from ShinA Shipyard
June 45 000 dwt product tanker HELIX long term charter with Shell Australia renewed
Sept Contracted with Samho Shipyard, Korea for the construction of two 12 800 dwt chemical tankers CEDERBERG and SWARTBERG.
Dec 40 000 dwt petroleum/chemical tanker OLIPHANT delivered from ShinA Shipyard


2005
Jan Contracted with Samho Shipyard for the construction of two further12 800 dwt chemical tankers DRAKENSBERG and LANGEBERG.
May Board approved the long term charter of the 33 000 dwt chemical tanker STOLT SWAZI for delivery 2007
June 45 000 dwt product tanker SIMUNYE bareboat chartered out.
June 636 teu container ship RANGE purchased for charter to OACL
July 31 000 dwt bulk carrier KUISEB purchased for the South African coastal commodities trade
July Contracted with ShinA Shipyard, Korea for the construction of two 40 000 dwt petroleum/chemical tankers WILDEBEEST and SABLE (2).
Oct 800 dwt product tanker ORIBI purchased for the South African coastal black oil trade.
Nov 40 000 dwt petroleum/chemical tanker SABLE (1) delivered and sold


2006
Feb 25 000 dwt chemical tanker STOLT ZULU enters service.
May 25 000 dwt chemical tanker STOLT BASUTO enters service
June Contracted with Jiangmen Yinxing Shipyard, China for the construction of two 4 250 dwt harbour bunker barges SOUTHERN VENTURE and SOUTHERN VALOUR
June 45 000 dwt petroleum/chemical tanker SIMUNYE sold for further trading
June 40 000 dwt petroleum/chemical tanker SOUTHERN UNITY sold and bareboat chartered back
July Contracted with Taizhou Sanfu Shipyard, China for the construction of four 16 500 dwt products tankers BREEDE, BERG, KOWIE and KEI
July Container ship RANGE sold for further trading
Aug 14 000 dwt chemical tanker STOLT NTOMBI purchase option exercised and re-sold
Sept 14 000 dwt chemical tanker STOLT NTABA purchase option exercised and re-sold
Dec Board approves the long term charter of newbuilding chemical tanker STOLT GRIQUA.


2007
Jan 12 800 dwt chemical tanker CEDERBERG delivered and sold.
March 40 000 dwt petroleum/chemical tanker IMVUBU delivered and sold.