Y2K Worries Prompt Cargill To Avoid S. Africa

Friday, September 10, 1999
Cargill U.S.-based commodities giant Cargill Inc. has told South Africa it plans to avoid trading there from mid-December to mid-January because of worries over the country's preparations for the millennium bug, according to press reports. The group's South African subsidiary reportedly sent a letter to the Department of Agriculture in Pretoria, pointing to a "worst-case" assessment by a U.S. computer consultancy analyzing the risks of the bug. "We plan to avoid entering into or executing trades in maize, oilseeds, wheat or any other commodity in the period December 15 to January 15," the letter said. "Where we are a key supplier we will build stock positions with our customers prior to December 15 to provide them with sufficient material to operate until the end of January 2000." According to the letter, U.S. consultancy Gartner Group puts South Africa in a high-risk category for the bug, and that in the worst-case scenario its transport systems and government services could face 80 percent disruption.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

New Company Takes Over OW Tanker

OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.

WRRDA: Clearing the Channel for P3 Projects

A Creative Combination for Financing Inland Waterways Infrastructure Earlier this year, the U.S. maritime industry in general, and the inland waterways industry in particular,

EU: Ships Will Measure CO2 Emissions

Shippers to begin monitoring from 2018; Environmental groups say law is weak, shippers favorable. The shipping sector will for the first time have to monitor

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1275 sec (8 req/sec)