N$6
namib times
SERVING THE COASTAL COMMUNITY SINCE 1958 NO 7053 FRIDAY 16 FEBRUARY 2024 Tel: +264 64 - 205854 / +264 64 - 461866 /Fax: +264 64 - 204813 / 064 - 461824 / Website: www.namibtimes.net
inside Potential Theft of Fuel from Storage Facilities Walvis Bay's Extension 8 in Walvis Bay Rudi Bowe
The National Petroleum Corporation of Namibia (NAMCOR) has after an extensive internal investigation discovered the potential theft of fuel of an estimated value of over N$1 million, at the National Oil Storage Facility (NOSF) in Walvis Bay. This follows the loading of 39 993 litres of diesel ADO 50 ppm in December 2023 and 39 891 of the same products in January 2024. Despite loading documents sugges-
ting that the two loads were destined for a customer site, there is no evidence of the product having arrived or received by the bulk fuel customer. Interim NAMCOR Continues on page 2
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N$350 000 Donation Supports Care for Abandoned Babies
New Container Terminal Concession Deal Still Being Finalised Leandrea Mouers Page 3
The Namibian Ports Authority (Namport) and Terminal Investment Limited (TIL) are currently in the process of finalising the terms, conditions, and all associated schedules for the concession. This was stated by Namport CEO Andrew Kanime, who added that both parties will make appropriate public pronouncements once the process is completed. “We appreciate the inquiries regarding the ongoing process of concessioning the New Container Terminal at the Port of Walvis Bay and remain committed to transparently sharing information on the status and rationale for this strategic project.” Namport had announced in 2022 that Terminal Investment Limi-
ted (TIL), a company based in Geneva, Switzerland, was the approved preferred bidder for the concessioning of the New Container Terminal. TIL's majority share-holder is the Mediterranean Ship-ping Company (MSC), the largest shipping line globally by container capacity. MSC has interests in more than 60 terminals, handles at least 60 million TEUs per annum, and operates in 31 countries across five continents. OTHER DEVELOPMENTS Furthermore, Namport also has several significant developments in store. Tana Pesat, the Corporate
Ondjamba Street Now Open
The Namibian Ports Authority (Namport) and Terminal Investment Limited (TIL) are currently in the process of finalising the terms, conditions, and all associated schedules for the concession. Photo Leandrea Mouers
Communications Manager of Namport, mentioned that these developments include infrastructure expansion projects aimed at increasing port capacity, such as the deepening and widening of harbour channels to accommodate larger vessels.
“Additionally, we are enhancing our digitalisation and automation initiatives to improve operational efficiency. Namport is also actively pursuing partnerships and collaborations to strengthen regional and international trade Continues on page 2
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Sports News
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