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Unlocking the potential of the oceans economy 

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AS part of efforts to unlock the potential of the oceans economy and drive transformation in an aggressive way, government has prioritised the acceleration of interventions in the maritime sector.

Among these is the establishment of a national shipping carrier as a means of building the strategic national shipping capacity and capability.

“Enhancing our ship registration framework remains at the centre of our efforts not only to grow our shipping industry, but to transform the sector such that it makes a meaningful contribution to broadening economic participation,” Minister of Transport, Fikile Mbalula, said on Wednesday.

The Minister was addressing the Comprehensive Maritime Transport Policy (CMTP) Mid-Term Review Conference aimed at building faster momentum for economic growth, transformation and job creation in the maritime sector.

“Coastal shipping occupies centre stage as an intervention not only to aggressively enhance the oceans economy, but also to create jobs. This will be realised by

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