Launch of Osprey marks halfway point in R1.4bn tug-building contract

The launch of the Transnet National Ports Authority’s (TNPA’s) Osprey tugboat in Durban harbour last month marked the halfway point in the port authority’s R1.4-billion tug-building contract. Southern African Shipyards CEO Prasheen Maharaj said at the launch that the Osprey was tangible proof that South African shipbuilders could deliver technologically advanced, world-class products.