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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Bahri Q2 Net Profit Soars

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 47.2 percent increase in second-quarter net profit on Tuesday.

U.S. Backs S. China Sea Bilateral Talks

U.S. Secretary of State Kerry says backs bilateral talks; Philippines says dispute does not involve United States. U.S. Secretary of State John Kerry said on

Samil PwC Okays Hyundai's Management Improvement Plan

Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement

 
 
Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0760 sec (13 req/sec)